Matt Verbin

Hi, I'm Matt Verbin MBA CPA CGMA, an experienced finance/accounting executive.

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Matt Verbin is a hands on professional providing leadership, financial and operational expertise, and organization management in building high performing companies and turning around underperformers.  Matt provides strategic and tactical expertise in partnering with the executive team to meet short and long range goals.  Matt's broad-based strengths and accomplishments are in:•Process Improvement •Strategic/Project Management•Crisis/Turnaround Management•Financial Modeling/Forecasting•Financial/Cost Accounting •Inventory Management•Contract/Legal Management •Budgeting & Cost Reduction/Analysis •External/Internal Audit•Debt/Equity Financing•Software System Implementation•Conversational Spanish

Divisional Financial Controller at Magellan Aerospace Corporation

2007 - 2010

Recruited by V.P. of Finance to take over an underperforming role and provide forensic accounting to identify significant issues impacting corporate risk, upgrade accounting/operational/IT systems, implement controls, and enhance management reporting. Managed a diverse organization including accounting, purchasing, and IT departments, with 12 direct reports and staff. Cost Management- Lowered COGS 16% as a percentage of sales, taking the company from losing money to being profitable every month: •Negotiated a $2,000,000 x-ray film cost reduction over 3 years, and $250,000 yearly savings in metals costs. •Helped implement a just-in-time inventory system and reduced inventory by 30%, or $1,000,000. •Reduced yearly healthcare costs by $100,000 through contract restructuring. •Eliminated 35% of labor force, reducing yearly payroll by $1,700,000 without impacting revenue. Financial Accounting: •Reduced receivables by 23%, increasing cash flow by $860,000 via wire transfer programs and aggressive collection. •Part of International Financial Reporting Standards team to plan conversion from GAAP to IFRS, and draft disclosures. •Improved the cost accounting system, allowing better product pricing and part cost visibility. •Conducted business interruption lost profit analysis and recovered $263,000 from insurance. •Provided MD&A with monthly and yearly financial statement packages, forecasts and budgets. Information Technology: •Oversaw the development and implementation of GP Dynamics (Great Plains) software, and a custom ERP. •Implemented a robust server system with backups utilizing a Storage Area Network system. Internal Controls: •Started first SOX program with 34 internal controls Process Improvement/Automation: •Eliminated payroll department using ADP; eradicated manual timecards in favor of a hand scanning system. •Gained by $150,000 in revenue charging for value added services.

Chief Financial Officer at GlobalTranz

2010 - 2010

Oversaw financial, legal, operational and human resource aspects of a $100M organization, with 30 direct reports. Financial and Operational Management: •Converted 3 years of cash basis accounting to accrual basis accounting; led company through first external audit. •Began developing internal audit/SOX program; implemented and tested 27 internal controls. •Implemented first dedicated human resources department, helping reduce HR compliance violations by 97%. •Changed transactional department’s compensation structures, leading to a 16% increase in productivity. Information Technology: •Developed strategic plans and directed software conversions, leading an international multi-organizational team of 50 people through the design, conversion and testing of a custom ERP and MAS 500 accounting software. Cash Management- Challenged with increasing cash access to support company’s aggressive growth: •Created multi-state lockbox system reducing receivables by 4 days, and increasing cash flow by $1,100,000. •Negotiated bank line increase from $500,000 to $2,000,000. •Utilized valuation techniques to negotiate a 67% increase in the organization’s value during venture capital placement. Process Improvement: •Automated or improved operational tasks saving over $100,000 in labor costs per year. •Implemented lockboxes, eliminating in-house check scanning and keying. •Restructured and streamlined interdepartmental workflow. Legal: •Strategic leader and point person for all legal matters. •Won lawsuit reclaiming $5,000,000 of lost annual sales; successfully defended $10,000,000 of damages. •Designed independent contractor and inside sales contracts, and a program to mitigate 1099 vs. employee legal exposure. •Drafted and negotiated real estate contracts for new office buildings, including headquarters SNDA agreement.

Senior Consultant/Auditor at PricewaterhouseCoopers, LLP

2001 - 2007

Hired as a forensic accountant and litigation support consultant. Also specialized in audit, compliance, and financial statement and disclosure preparation. Main industries included software, telecom, manufacturing, aerospace, government, and pharmaceuticals. Auditing •Helped plan and implement Sarbanes-Oxley (SOX) internal audit programs for multi-national Fortune 100 clients. •Performed audits of financial statements and internal controls as an external and internal auditor, respectively. •Assisted in the preparation of financial statements and disclosures for SEC reporting regulations. •Performed reviews for GAAP revenue recognition issues, and contract/legal compliance. •Reviewed Visual Basic computer code to ensure the accuracy of calculations for custom software applications. Consulting •Created damage analyses and financial modeling for commercial, real estate and environmental litigation matters. •Investigated high profile national and international white collar business crimes via forensic accounting techniques. •Guided clients on process improvement, automation, and industry best practices. Business Development •Secured $1M in new business. •Participated in marketing material development, proposal preparation, and presentations.

Legal Intern at Bufete Mullerat

2000 - 2000

•Translated laws from Spanish to English. •Wrote a published article on Arbitration in Spain. •Prepared litigation evidence for court cases.

M.B.A. Student at Arizona State W.P. Carey School of Business

2011

Arizona State University, W. P. Carey School of Business

2011 – 2012

Masters of Business Adminstration

University of Arizona, Eller College of Management

1996 – 2001

Bachelor of Science

Concentration: Accounting

University of Arizona, Eller College of Management

1996 – 2001

Bachelor of Science

Concentration: Finance

Matt runs a non-profit obesity help website called Obesity Discussion at www.obesitydiscussion.com, a passion/hobby of his. Matt designed, programmed, market and administer Obestiy Discussion and its 30,000 members, which is one of the largest online sources of obesity related studies and weight loss blogs in the world.