Rich Smolen Resume – Private Equity CFO - 847-624-4262

A strategic and results-driven senior finance leader and top corporate officer with a demonstrated track record of achievement in capital raising, PE-sponsored exits, credit facility negotiation and amendments, financial planning, analysis, and modeling, as well as mergers and acquisitions, due diligence and forecasting.

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  • 1. . Rich Smolen 25108 Island Drive Plainfield, Illinois 60544 847-624-4262 SUMMARY Senior finance leader and corporate officer of high-growth companies, including private equity owned, with a demonstrated track record in capital raising, financial planning and analysis,modeling and forecasting,mergers and acquisitions due diligence, investment banking, corporate finance, refinancing, and insurance/risk management. Interfaced with key stakeholders, negotiated agreements and contracts,and managed investor relations. Delivered innovativesolutions to reduce costs, raise capital, improve business performance, and measure and drive growth. EXPERIENCE OASIS FINANCIAL, Rosemont, Illinois Chief Financial Officer, 2014-2017 Vice President, Finance, 2011-2013 Oversaw capital structure, including placements of senior, term, and junior debt. Led sale of company to private equity sponsor. Managed monthly reportingof financial and operatingmetrics for all stakeholders. Served as strategic partner with CEO and operating departments in makingdecisions based on data analysisand financial metrics. Managed external auditand tax compliancefunctions.  Credit Facilities: o Led significantsenior facility expansion duringsix-yeartenure, including$120,000,000 in additional lender capacity, growth of two-lender facility to seven-bank syndicate, and negotiation of decreased interest costs. o Oversawjunior facility refinancing in 2013, increase/refinancing in 2016 to support sale, and expansion in 2017.  Sale Process: o Managed successful completion of sale process in 2016 to private equity sponsor. o Selected investment bank,reviewed/created all investor materialsand presentations,coordinated responses during due diligence, served as key presenter in all investor/lender meetings, created financial model, reviewed all legal documents, and executed incremental debt facilities to finance portion of purchase price.  Completed Acquisition: o Oversaw financial due diligence for significant acquisition in 2017 and refinanced acquired company debt. o Developed monthly board reporting for consolidated company, including operating and financial metrics.  Data Analysis: o Led company data analysis/review efforts encompassing all operating aspects of business, including marketing, margin, and operational performance. o Identified trends as well as developed detailed analysis to diagnose/explain shifts in business performance. o Developed scorecard and detailed operating metrics to improve understanding of business performance, identify opportunities, and report to key stakeholders.  Revenue Recognition Change: o Directed efforts to implement change in revenue accounting,includingengagingBig4 accounting firms to determine most appropriate accounting treatment and assisted in drafting white paper for audit support. o Developed historical/projected financial model reflecting change for implementation and successfully guided financial auditors and lenders through process of understanding and agreeing with approach.  Budgeting: o Administered annual budgeting process in collaboration with department leaders. o Developed budget summary presentations for board of directors approval,and performed monthly varianceanalysis to identify/explain differences, updating full year outlook periodically.  Reporting: o Created comprehensive monthly reporting for board. o Developed content for quarterly board meetings, lender presentations and prospective investors.
  • 2. Rich Smolen, Page 2 TELECOM TRANSPORT MANAGEMENT, INC., Seattle, Washington Vice President, Finance, 2010-2011 Created forecasts based on current and potential customer contracts. Managed process to raise equity and debt financing from current/prospective lenders and investors to grow revenue and support customer growth.  Equity and Debt Raises: o Oversaw process to call $17,500,000 in equity commitments and worked with financial advisors and investors on additional equity raise/strategic discussions. o Completed $8,000,000 subordinated debt facility.  Forecasting and Reporting: o Reviewed market-level forecasts,internal scenariosand monthly financial results prior to distribution to currentand potential investors. o Created and reviewed board materials for quarterly and special meetings.  Mergers and Acquisitions: o Participated in merger discussions, created acquisition models, and prepared/reviewed due diligence materials. OPTIONSXPRESS HOLDINGS, INC., Chicago, Illinois Director, Corporate Finance, 2008-2010 Senior Finance Manager, 2008 Developed, evaluated, and updated earnings forecastmodel used to provideguidanceto equity analysts. Created, consolidated,and reviewed annual budget for distribution to board of directors.  Forecasting, Budgeting and Reporting: o Created and maintained monthly earnings per share model. o Oversaw annual budget creation, consolidation, review with department heads , and presentation to board. o Managed primary responsibility for all materials distributed atboard meetings,monthly managementreporting, and quarterly business reviews with CEO and department heads.  Acquisition Review: o Developed and modified acquisition models, including synergy assumptions, as well as coordinated review of due diligence materials, reviewed finance due diligence items, and reviewed and participated in legal document negotiations for potential acquisitions.  Investor Relations: o Drafted quarterly earnings and monthly press releases and filed 8-Ks with SEC o Drafted proxy statement and annual report; coordinated annual shareholder meeting. ADDITIONAL EXPERIENCE LEVEL 3 COMMUNICATIONS, LLC (ACQUIRED LOOKING GLASS NETWORKS, INC.), Oak Brook, Illinois, Vice President, Planning and Analysis, 2006-2007. LOOKING GLASS NETWORKS, INC., Oak Brook, Illinois, Assistant Treasurer, 2005-2006. Manager, Finance, 2002-2004. Senior Associate, Corporate Finance, 2001-2002. Associate, Corporate Finance, 2000-2001. PARADIGM GROUP, Northbrook, Illinois, Associate, 1999-2000. SALOMON SMITH BARNEY, New York, New York, Financial Analyst, Investment Banking Division, 1998-1999 EDUCATION & AFFILIATIONS UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN, Champaign, Illinois B.S., Finance, 1997 The Financial Executives Networking Group (FENG) Financial Executives International (FEI)
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