BlakeJanak, CPA

2419 Rose Hollow Drive

Katy, Texas 77450

Cell (832) 443-5034 Home (281) 829-2460

SUMMARY OF QUALIFICATIONS

  • Twenty seven years of accounting operations management with increased responsibilities (both public and private). Strong US GAAP and audit, monthly close/financial reporting , business advisory across multiple business units, system implementations, internal controls, risk management, budgeting and financial analysis
  • Extensive transactional accounting experience, strategic planning, multiplemerger and acquisition roles, Entity creation and divestiture, domestic and statutory tax, fx, and treasury/debt compliance
  • Supervisory, team, and solo project work experience. Extensive interpersonal communication with key decision makers as well as with all levels both within and outside organizations, internal team building
  • Extensive experience in Enterprise Software & Technology, Consulting Services, IT Outsourcing & Cloud/Managed Services, Electronic Distribution and Manufacturing,oilfield/energy, Government contracting, Cost Accounting Standards (CAS)
  • My passion is to contribute to making a growing and challenging organization efficient and scalable with the right mix of process improvements and people.

Professional Experience

HooverFerguson – Houston, TX (May 2015 to Present)

Privately held integrated service provider of chemical tanks, cargo carrying units, and other related products and services to the global energy, petrochemical and general industrial end marketswith 300 + employees.

Director of Financial Planning, and Analysis

Recruited to consolidate global financial reporting and to improve reporting, budgeting, and analytical capabilities

Key accomplishments:

  • Designed and implemented multi-currency reporting model necessary to pass audit by Big Four Accounting firm
  • Completed purchase accounting & accurate fx reporting of two acquisitions in first month of employment
  • Assumed additional role of Controller of recently acquired as well as existing neighboring out of state entities, completed purchase accounting of acquired entity, ensured proper accounting segregation with physical combination of these entities to one location, created efficiencies leading to expedited financial closes, enhanced reporting, and favorable EBITDA results without any degreed accountants on staff
  • Led OneStream XP Implementation with enhanced global Key Business Indicators,re-engineered global chart of accounts, and enhanced segment reporting for newly created Joint Venture with 39 entities in 19 countries
  • Established Transfer Pricing policies as well as efficient consolidated tax Sales/VAT & Use, State income, and property taxes
  • Leading ERP system implementation and replacement of outsourced accounting for 7 new entities within new joint venture

DYONYX, LP – Houston, TX (November 2012 to December 2014)

Privately held Niche IT consulting & Cloud Services, and Energy Consulting firm with 130 + employees

Controller

Recruited by former partner when company was in need of internal workflow enhancements, Financial & ERP modifications with full job order costing, as well as aStrategic direction.

Key accomplishments:

  • Re-engineered ERP of prior nearly failed integration and implemented Cost Accounting Standards (CAS) in spite of numerous obstacles, corrected and restated financial statements and notes from previous external audits
  • Created segment reporting with real time detailed dashboard financial statementsfor first time in several years
  • Identified and implementedrefund of ~ 300 K in prior overpayment of Texas Sales and Franchise Taxes, and implemented various company-wide cost savings
  • Significantly increased financial acumen of Executive and Management teams with various training techniques
  • Improved “quote to cash” workflows, and created new workflows for future company systems API’s, and identified future administrative and hosting infrastructure technology needs
  • Instrumental in developing approach to local energy vertical, and in partnering with best in breed technology partners as well as local privately held enterprise software providers, and industry leaders of same vertical, and established profitable line of business for product and software resale

Seismic Micro-Technology, Inc. – Houston, TX (October 2007 – October 2012)

Private Equity owned Global MS Based Enterprise Interpretation and Modeling Software Company with 160 + employees

Worldwide Controller

Recruited (when company was re-capitalized)and handled all operational accounting, treasury, and tax operations as well as significant business unit advisory transforming the finance organization during a period of significant growth into a scalable, global,professional department. Subsequent to sale to IHS (in August 2011) assumed role of Worldwide Controller, Energy Vertical – its largest vertical

Key accomplishments:

  • Performed restatement of historical financial statements from cash-basis to US GAAP audited by Big Four Accounting firm
  • Built software maintenance revenue recognition model substantiating the deferral of previously recorded taxable income resulting in federal tax refund of several million dollars
  • Instrumental in creating new work flows and technology enhancements for growth in services – a by-product of software sales
  • Rebuilt finance & operations teams for consolidated US GAAP reporting with seven subsidiary entities/countries and significant revenue growth, absorbed existing international financial reporting, and reduced close to 6 working days
  • Identified and implemented Texas Franchise Tax refund in excess of 500 K. Managed two separate IRS audits with no findings
  • Executed international expansion opening offices in Canada, Russia, Brazil, and Dubai/UAE
  • Improved various back office workflows and managed accounting system conversion to MS Navision with “tight” integration from new work management system - MS CRM
  • Identified federal tax deduction for dividends on equity instruments(considered EE compensation) resulting in significant tax refund to selling entity
  • Provided all tax and financial data during road show and sale as well as answers to all due diligence of the same. Acquiring company commented that the SMT books were the “cleanest they had seen in quite some time” – ultimately contributing to a premium valuation
  • Contributed to Revenue Recognition of all Software componentswithinEnergy Vertical of IHS in addition to managing all financial operations of former SMT before leaving for opportunity to return to DYONYX

EquaTerra Inc – Houston, TX (October 2006 to September 2007)

Privately held Global Business Advisory Services with 140 + employees

Worldwide Controller

Recruited when corporate global back office moved from Alabama to Houston, TX. Managed all finance related administrative functions with staff of 5 (Internal/external FS reporting, Tax filing, budgeting, M&A, Risk Management, A/P, A/R, Payroll and all transactional accounting). Consolidated a global disparate finance organization requiring 2 years of US GAAP external audits & accounting and expense reporting systems implementations into an efficient and cost effective department that managed 3 acquisitions during tenure.

Key accomplishments:

  • Reduced monthly close to 10 business days, and built a finance organization that was ready for additional growth before moving on to new opportunity
  • Implemented new global multi-currency expense application with integration into accounting applications
  • Led multi-currency accounting system conversion to MS Great Plains that included re-engineering chart of accounts to allow for proper differentiation of cost of sales and SG&A, departmental differentiation, and future growth
  • Led efforts to complete prior year US GAAP external audits with large national accounting firm
  • Initiated proper revenue recognition for software and for fixed price contracts utilizing percentage of completion (POC) as well as proper global statutory revenue recognition
  • Contributed significantly to efforts for obtaining direct federal solicitation vehicle for government vertical

DYONYX, LP – Houston, TX (June 2000 to September 2006)

Privately held Niche IT consulting & Energy Consulting firm with 75 + employees

EVP, Finance (April 2005-Sept 2006), Controller (June 2000-March 2005)

Partner and responsible for all back office Accounting, Human Resource and Risk Management functions during consolidated revenue growth of 7 x to commercial and government customers with a staff of one CPA and two paraprofessionals before selling ownership and moving to new opportunity. I made the initial decision to leave and gain global finance and M&A experience. Subsequent to my departure, I referred several clients to my former company.

Key accomplishments:

  • Reengineered financial reporting to GAAP while establishing segregation of divisional profit centers and job reporting, and reducing the month end close from 30 to 6 working days
  • Enhanced time reporting system to include interface for invoice creation, job costing, and benefit tracking. Led system conversion to MS SQL platform with improved integrity of data and reporting, new service offerings and federal government contractor specifications
  • Pricing for all customer proposals including multi-million dollar and multi-year tasks. Tactical pricing led to additional profits exceeding 300 K on one contract and tactical leveraging secured largest contract in history of the company.
  • Coordinated the creation of two new LLC’s jointly owned by strategic partners and subsequent financial reporting for both entities. Obtained $ 3 M line of credit for separate entity with super-regional bank enabling partner to retain its equity and not have to obtain onerous financing
  • Led efforts for obtaining two direct federal solicitation vehicles and volume discount pricing from vendors
  • Supervised creation, updated and approval of all company contracts (sub-contractor agreements, customer contracts, internal organizational documents, and teaming agreements and various government required documents
  • Reduced the Weighted Average Sales Outstanding (WASO) from 55 days to under 40 days
  • Initiated budgeting, daily cash management with revenue and income forecasts, several internal controls
  • Instituted several internal and customer expense reimbursement savings resulting ~100 K of annual savings
  • Solicited bids, and ascertained the optimum level of all H/R benefits (major medical, disability, vision, dental, life and 401K/retirement). Kept costs of major medical the same for three subsequent years in spite of significant industry cost increases. Solicited bids, maintained compliance, and ascertained all risk management insurances – workers compensation, general liability, professional liability, dishonesty bond, umbrella, and D&O while perpetually investigating the need for additional insurance
  • Conducted company conversion from Limited Liability Company (LLC) to Limited Partnership (LP) for Texas Franchise savings, trademark application for name DYONYX, and redemption of prior partner ownership interests
  • ERP consulting for select utility clients – (reports are available upon request)

Kent Electronics (NYSE:KNT) – Sugar Land, TX (May 1990 to May 2000)

Public Distributor-OEM and Data-comm connectivity, and manufacturer of cable harnesses~ 3500 EE’s in 29 States

Various Titles – Assistant Controller May 1998 to May 2000

Managed financial accounting operations with direct responsibility for Financial Statement close and internal reporting(All Business Units), external reporting, payroll, fixed assets, cash receipts, system integrity, and external audit co-ordination. Indirect responsibility for Inventory reconciliation, budgeting,cash flow, accounts payable and accounts receivable.

Key accomplishments:

Increasing management roles and responsibilities with Financial Statement reporting and audit,segment analysis, resident internal subject matter expert of newly integrated ERP (JD Edwards) and various roles in 6 regional acquisitions, and one divestiture.

Company revenue growth increased from $38 M to $1.7 B during tenure.

EducationLicenses

Texas A&M University, College Station, TX

B.B.A. in both Accounting and Finance (1984-1990)

* Financed 100% of own education via scholarships and work

* Co-op Student for then Texas A&M Vice Chancellor and Systems Controller office of University System

Certified Public Accountant, State of Texas, License ID: 064209 since Spring of 1994

references

Available upon request

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