Reynold Samoranos
Chief Financial Officer
Sunnyvale,CA
Summary
Dynamic Chief Financial Officer with a proven track record driving strategic planning and operational efficiency. Expert in financial modeling and capital raising, successfully led initiatives that enhanced market growth. A collaborative leader skilled in stakeholder communication, fostering innovation while ensuring regulatory compliance and financial integrity.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Chief Financial Officer
Oakland Public Education Fund
Oakland, CA
07.2020 - Current
- Analyzed operational issues and implemented corrective action to maximize profits.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns.
Chief Financial Officer
PX6 Medical Systems, Inc.
Pleasanton, CA
01.2016 - Current
- Company Overview: a healthcare startup bringing modern medical practice to your doorstep.
- Raise capital and meet with VCs and Angel Investors.
- Develop a 'Letter of Interest' on new product innovation.
- Updating comprehensive bottoms-up financial plan and operational goals.
- Leverage financial insights and business acumen to drive effective decision-making related to new market prioritization, market launch execution, and new market growth execution.
- Financial controllership for physical facilities and operations, including fulfillment, delivery, inventory, local sales and marketing, and local tax compliance.
- Sophisticated financial modeling - build models from scratch, improve existing models, and incorporate them into corporate financial reporting consolidations.
- Drive PX6 Medical System's maturity from startup to enterprise.
- Work closely with accounting to provide input on management reporting needs and better understand our actuals vs. plan and forecast.
- Develop analytical frameworks and define new processes to support PX6 Medical System's growth in new markets.
- Identify operational weaknesses and help improve or pioneer new processes.
- Develop high-profile communications and presentations targeted to PX6's leadership team.
- A healthcare startup bringing modern medical practice to your doorstep.
CFO and Operations Management Consultant
CFO COO Consultants, Inc.
Silicon Valley | San Francisco Bay Area | Sacramento Area, CA
01.2015 - Current
- Lead efforts in formulating the company's future direction and supporting tactical initiatives.
- Monitor and direct the implementation of strategic business plans.
- Develop financial plans, forecasting, budgeting, and tax strategies.
- Develop and maintain annual and monthly operating budgets for three business entities.
- Complete the preparation and communication of weekly, monthly, quarterly, and annual Profit and loss Statements, Balance Sheets, Cash Flow Statements, and annual auditing summaries and financial statements.
- Explore strategic and tactical acquisition or merger-based growth opportunities and provide recommendations on potential returns and risk.
- Represent the company to potential investors, financial partners, institutions, auditors, agencies, and public officials.
- Accountable for managing three business entities' cash flow, investments, and AUM.
- Lead annual budgeting process.
- Develop and apply forward-thinking financial models and activity-based analyses to provide financial insight into the company's performance, business strategy results, and operating budget.
- Ensure internal and external accounting systems and policies, including General Ledger and financial reporting, comply with GAAP and all other applicable legal or regulatory requirements.
- Complete the preparation and timely filing of all Local, State, and Federal Tax Returns.
- Review and ensure the application of appropriate internal controls, compliance with Sarbanes-Oxley (SOX) compliance and procedures.
- Developed and delivered timely and accurate financial modeling, forecasting, and detailed reporting, including providing monthly and quarterly financial executive summaries and ad hoc reports.
- Revenue recognition accounting, end-to-end accounting, business, and system processes and implement ASC 606 and ASC 340.
- Review customer contracts, identify issues, and analyze financial impacts in compliance with ASC 606.
- Address impact on the revenue recognition cycle and provide month-end and quarter-end close activities, including deferral and recognition of cost of revenue under ASC 340.
- Fractional Chief Financial Officer for $35 Million Oakland Public Education Fund, a nonprofit Fiscal Sponsor.
- Responsible for all the Ed Fund's operations' financial and fiscal management aspects.
- Provide leadership and coordination in the administrative, human resources, IT, business planning, accounting, finance, and budgeting work of the Ed Fund.
- Implement fund accounting system and tracking and reporting on restricted grants.
- Restructure finance and accounting department.
- Work with Fund Development for systems integration between Salesforce and Intacct account systems.
- Serve as a direct liaison between the Ed Fund, its grantors, donors, and outside partners.
- As the organization grows and evolves, provide critical financial insight and strategic support to the Executive Director, Board of Directors, and Finance Committee.
- Created a CFO Handbook and recommended and implemented best accounting and reporting practices.
Interim Chief Financial Officer
East Bay Asian Local Development Corporation (EBALDC)
Oakland, CA
07.2019 - 09.2019
- Company Overview: a 2300-unit nonprofit developing and managing diverse, mixed-income complexes and communities.
- Oversee all financial and accounting activities for EBALDC.
- Establish systems for financial controls and regulatory compliance; oversee accounting, tax, and financial reporting functions; oversee real estate financing and corporate and partnership structuring; budgeting and asset management; treasury, cash flow, and financing activities.
- Maintain relationships with financial partners.
- Provide leadership in planning and policy development.
- Coordinate risk management and legal activities.
- Use Yardi and Salesforce to track operations.
- A 2300-unit nonprofit developing and managing diverse, mixed-income complexes and communities.
Interim Controller
Upstream USA
Oakland, CA
02.2019 - 07.2019
- Company Overview: a fast-growing national nonprofit that is working to expand economic opportunity and mobility by reducing unplanned pregnancies in the U.S.
- Oversee the day-to-day financial accounting management of the organization, general ledger activity, payroll, the month-end closing process, financial reporting, cash management, and overall compliance.
- Implement best accounting practices.
- A fast-growing national nonprofit that is working to expand economic opportunity and mobility by reducing unplanned pregnancies in the U.S.
Senior Finance Consultant to EVP, Controller
Mosser Capital
San Francisco, CA
11.2018 - 02.2019
- Company Overview: a $1.6 billion Real Estate firm investing in apartment assets in emerging neighborhoods throughout the San Francisco Bay Area and Los Angeles.
- Accounting for real estate apartment joint ventures, Mosser Victorian Hotel, The Keystone Restaurant hospitality businesses, and accounting management, including distributions, consolidations, cash flows, investor reporting, and operational knowledge.
- Used Voyager by Yardi for investment properties, Aloha Enterprise for restaurants, Auto Clerk for hotel businesses.
- Created a handbook of operating accounting procedures for finance and accounting functions for hospitality, restaurant, and hotel businesses.
- A $1.6 billion Real Estate firm investing in apartment assets in emerging neighborhoods throughout the San Francisco Bay Area and Los Angeles.
Interim Controller
The San Francisco Foundation
San Francisco, CA
03.2018 - 11.2018
- Company Overview: a non-profit
- Oversight the accounting department, supervised and developed staff, managed all general accounting activities, general ledger, authorized investment and cash movements between funds, oversaw annual audits and 990 preparation with Hood and Strong, CPAs, coordinated systems implementation, and provided Ad-hoc Analysis and support for CFO.
- Analyze unrelated business taxable income (UBTI).
- Systems integration from Financial Edge to Sage Intacct.
- A non-profit
Chief Operations Consultant
Sacramento Metropolitan Air Quality Management District
Sacramento, CA
07.2016 - 11.2017
- Performed due diligence and business discovery of all accounting concepts, practices, and procedures of accounting processes, budgeting and financial planning and analysis.
- Developed operational strategies for optimum efficiency, utilization, operational/performance management, reporting and analytics, process/project management, systems and policies, and operational excellence servicing several portfolio fund investment companies, including but not limited to Finance, HR, Contact Centers, Sales, Marketing, and Analytics.
- Recommended superior forecasting methods and techniques with advanced analytical and quantitative abilities for use in the organization.
- Managed project managers' and consultants' billable hours.
CFO Consultant
CalPERS
Sacramento, CA
10.2015 - 09.2016
- Company Overview: California Public Employees' Retirement System
- Review fiscal activities and allocation methodologies for CalPERS' $1.8 billion operating expense budget.
- Evaluated fiscal and budgetary procedures and policies and created a new handbook for allocating operating expenses against their $300 billion Trust accounts.
- Use Host Analytics and PeopleSoft accounting systems.
- Review finance and accounting processes for Best Practices, including systems for budgeting, financial reporting, preparing Board and CAFR reports, and preparing a Business Process Discovery Report.
- California Public Employees' Retirement System
Chief Compliance Officer, Finance Operations Strategist
VCAM
Danville, CA
11.2011 - 10.2015
- Company Overview: a Registered Investment Advisor Firm
- Managed all Advisors and entire operations for a $0.6 Billion SEC-Registered Investment Advisor.
- Prepared and executed strategic operating plans, budgets, and forecasts.
- Raised assets under management from $300 Million to $600 Million in 2 years.
- Restructured and streamlined non-investment operations, including compliance, marketing, advisor support, administration, and fund accounting.
- Assisted in formulating the company's future direction and supporting tactical initiatives.
- Monitored and directed the implementation of strategic business plans.
- Developed financial and tax strategies and managed the capital request and budgeting processes.
- Developed performance measures that support the company's strategic direction.
- Participated in key decisions as a member of the executive management team.
- Maintained in-depth relations with all members of the management team.
- Reported major changes in operation and systems to the owners.
- Raised new capital for all new 3c1 fund launches and private equity and coordinated all operating procedures with legal counsel and the fund administrator.
- Led due diligence and hiring of new CTAs, FCMs, and Fund Administrator.
- A Registered Investment Advisor Firm
Chief Financial Officer, Chief Compliance Officer | Strategy
Hammerman Capital Management
Lafayette, CA
01.2011 - 11.2011
- Company Overview: an investment management hedge fund
- Managed all finance, operations and compliance matters for a hedge fund manager.
- Supervised controller, fund administrator, auditor and attorneys.
- Prepared and maintained financial, budget management and fund accounting | administration.
- Portfolio System: Advent | AXYS.
- An investment management hedge fund
Chief Financial Officer
Housing for Independent People, Inc.
Milpitas, CA
02.2009 - 12.2010
- Company Overview: a non-profit providing affordable housing to families in Santa Clara County
- Responsible for corporate and real estate development accounting, finance and asset management, and information technology operations of HIP, Inc. its affiliates, and ownership entities.
- Reported directly to the executive director and was a member of the senior management team.
- Worked closely with the Finance and Audit Committees of the Board of Directors to manage the financial affairs and its affiliates and to ensure financial compliance and integrity of HIP's operations.
- Directed the organization's financial planning, accounting practices, and real estate asset management.
- Managed the relationships with lending institutions, shareholders, and the financial community by performing the following duties personally or through subordinate managers for three companies and its affiliates.
- Supervised the Corporate Controller, Executive Assistant/Board Secretary, Property Management Accounting Manager, and Asset Managers.
- Implemented the Yardi Software system and trained staff for best work practices for accountability.
- Prepared annual 990s with Burr, Pilger, and Mayer (BPM CPAs), Strategic Operating Plans, and best practices for a non-profit organization.
- A non-profit providing affordable housing to families in Santa Clara County
- Financial Accounting Systems: Voyager by Yardi.
Chief Financial Officer and Managing Principal
RKB Investment Group
Orinda, CA
07.2003 - 01.2009
- Company Overview: a real estate investment management firm.
- Provided active property management of real estate holdings, including a portfolio of vacation homes, residential rentals, and single & multiple unit buildings.
- Owned and operated two Residential Care Homes for Elders (RCFE) and licensed RCFE Administrator.
- Managed the day-to-day operations of each real estate holding, including leasing, selling, acquiring, maintaining, financing, and accounting.
- Managed Projects for new construction, remodels, refurbishments, and ongoing maintenance.
- Provided updated financial reports to investors on capital projects: budget, forecast and actuals.
- Owned and managed real estate investments in several states.
- Developed strategies in 1031 exchanges for clients.
- Managed annual audits.
- REIT due diligence.
- Financial reporting, budget, cash flow, Reporting and analysis, accounting element, close books, do related reporting and analysis, large corporate experience, SOX compliance, understanding of accounting and finance, Accuracy of estimate, Segregation of duties.
- Property Management System: Voyager by Yardi.
- A real estate investment management firm.
Chief Financial Officer | SVP Finance Administration
Newport Pacific Management Company
San Francisco, CA
07.2001 - 06.2003
- Company Overview: a $3 Billion international investment firm
- Managed the finance, accounting, IT, and operations for a $3 billion international investment firm.
- Merged and integrated new financial and operational systems mandated by our new parent company.
- Supervised the controller, I.T. manager, compliance manager, operations manager, and M&A.
- Prepared financial reports in multiple international currencies, SEC reports, and filings.
- A $3 Billion international investment firm
Chief Financial Officer | SVP, Chief Operating Officer
Hanson Investment Management Company
San Rafael, CA
03.1991 - 06.2001
- Company Overview: a $2.5 billion domestic equity value-style investment firm
- Managed Hanson's mutual fund and large institutional clients totaling $2.5 Billion of Assets.
- Raised $1.6 Billion in assets under management from $900 Million to $2.5 Billion in less than 18 months.
- Oversite on all financial reports, budgets, forecasts, strategic operating plans and profit-sharing plans.
- Purchased /merger between United Asset Management and Old Mutual in September 2000.
- A $2.5 billion domestic equity value-style investment firm
Regional Financial Controller | Vice President
Citicorp, NA
San Francisco, CA
01.1988 - 02.1991
- Company Overview: a $500 million West Coast Institutional Banking Group
- Managed Citicorp Institutional Banking Offices - Seattle, San Francisco, Los Angeles and San Diego with combined fee revenue in excess of $250 million.
- Oversight of all financial reporting, budgets, forecasts, and strategic business plan matters.
- Managed a staff of 60 people through 7 direct report managers and serving 35 Citicorp profit center departments.
- Reported to the senior executive vice president at Citicorp, NA New York Headquarters.
- A $500 million West Coast Institutional Banking Group
Education
Masters of Business Administration - Finance
The University of Chicago | Booth School of Business
Bachelor of Science - Business Administration
University of California, Berkeley | Haas School of Business
Skills
- Strategic planning and innovation
- Start-up development
- Venture capital expertise
- Regulatory compliance (GAAP)
- Executive leadership
- Organizational restructuring
- ERP solutions integration
- Project management
- Mergers and acquisitions
- Sarbanes-Oxley compliance
- Operational efficiency
- Financial analysis
- Financial reporting
- Budgeting and forecasting
- Due diligence processes
- audit management
- 990s preparation
- CAFR reporting
- governmental accounting standards (GASB)
- Financial modeling techniques
- Business process analysis
- Interim CFO services
- Controller functions
- Operational optimization
- Investment analysis strategies
- Fund management expertise
- Capital raising for ventures
- Management reporting systems
- Cash management strategies
- Cash flow management
- Capital raising
- Process improvement
- Risk assessment
- Financial modeling
- Investment analysis
- Data analysis
- Stakeholder communication
- Team leadership
- Operational strategy
- Problem-solving abilities
- Competitive analysis
- Financial leadership
- Team collaboration
Certification
California Insurance License, #OE09781, FINRA 6, FINRA 63, FINRA 65, California Realtor License, Residential Care Facility for Elders (RCFE) Administrator License, California Health and Life Insurance License
Statutory Reporting
- Securities and Exchange Commission (SEC)
- Financial Industry Regulatory Authority (FINRA)
- Internal Revenue Services (IRS)
- National Futures Association (NFA)
- Department of Labor (DOL)
- 990 Annual Filings for non-profits
Accolades And Memberships
- Project Management Institute, San Francisco Chapter, Member, 2019, Current
- City of Orinda, Finance Advisory Committee, Vice Chair, 2017, 2020
- Rotary Club of Orinda, Rotary President and Board Member, 2009, 2011
Systems
- Sage Intact
- Oracle PeopleSoft
- Great Plains
- Hyperion
- QuickBooks
- Compass-SAP
- Advent-AXYS & MOXY
- Cognos TM1
- Voyager by YARDI
- Microsoft Office
- Bloomberg
- Sage ACT
- Edgar Online
- Host Analytics
- NetSuite
- Financial Edge
- Aurora Raiser's Edge and Grant Management System
- Microsoft PowerPoint
- Microsoft Excel
- Aloha Enterprise for Restaurants
- Auto Clerk for Hotels
- Sage 50
- Salesforce for nonprofits
Affiliations
- Past President and Board Chair, Rotary Club of Orinda
Timeline
Chief Financial Officer
Oakland Public Education Fund
07.2020 - Current
Interim Chief Financial Officer
East Bay Asian Local Development Corporation (EBALDC)
07.2019 - 09.2019
Interim Controller
Upstream USA
02.2019 - 07.2019
Senior Finance Consultant to EVP, Controller
Mosser Capital
11.2018 - 02.2019
Interim Controller
The San Francisco Foundation
03.2018 - 11.2018
Chief Operations Consultant
Sacramento Metropolitan Air Quality Management District
07.2016 - 11.2017
Chief Financial Officer
PX6 Medical Systems, Inc.
01.2016 - Current
CFO Consultant
CalPERS
10.2015 - 09.2016
CFO and Operations Management Consultant
CFO COO Consultants, Inc.
01.2015 - Current
Chief Compliance Officer, Finance Operations Strategist
VCAM
11.2011 - 10.2015
Chief Financial Officer, Chief Compliance Officer | Strategy
Hammerman Capital Management
01.2011 - 11.2011
Chief Financial Officer
Housing for Independent People, Inc.
02.2009 - 12.2010
Chief Financial Officer and Managing Principal
RKB Investment Group
07.2003 - 01.2009
Chief Financial Officer | SVP Finance Administration
Newport Pacific Management Company
07.2001 - 06.2003
Chief Financial Officer | SVP, Chief Operating Officer
Hanson Investment Management Company
03.1991 - 06.2001
Regional Financial Controller | Vice President
Citicorp, NA
01.1988 - 02.1991
Masters of Business Administration - Finance
The University of Chicago | Booth School of Business
Bachelor of Science - Business Administration
University of California, Berkeley | Haas School of Business
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