Operationally focused Finance executive. Passionate about helping prepare private companies for important financial events, including IPO. Seeking a permanent VP level Accounting/Finance position with a fast growing, pre-IPO, high-tech (i.e. ad-tech, internet, mobile, SaaS, etc.) in the San Francisco Bay area.
• Senior finance executive with diversified financial and operational experience in the high-tech sector.
• Proven history of making a significant impact to large and small companies, both private & public.
• Recognized as an outstanding manager, building & developing world-class finance organizations.
• High energy, hard-working, people oriented with the ability to successfully work with all functional areas.
Core Competencies
Extensive experience in a wide array of practice areas, including:
• Accounting Policies
• Audit Committees
• Board of Directors
• Financial Controls
• FP&A
• Initial Public Offering (IPO)
• International Accounting
• M&A
• Process Improvements
• Project Management
• SEC Reporting
• Sales Operations
• Sarbanes-Oxley (SOX)
• Software Revenue Recognition
• Systems Implementation
• SaaS, internet & ad-tech industry experience
Financial Consulting Executive @ Interim financial executive leadership, improving financial infra-structure in preparation of important financial events. Recently completed engagement at Upwork Inc., as their interim Corporate Controller. From September 2014 to Present (1 year 4 months) San Francisco Bay AreaVice President, Finance @ The leading digital media advertising provider for advertising agencies and the world’s leading brands, providing artificial intelligence advertising solutions for display, mobile, video and social initiatives. During tenure, company revenues grew from ~$45M to ~$240M.
Responsible for accounting & finance, including Corporate Accounting, FP&A, International Accounting and Revenue Accounting groups. Led multiple projects to put infrastructure in place required to become a public company (IPO).
• Completed 3 years of external audits and 8 quarterly reviews in just over a single year.
• Drove implementation of three financial systems, including ERP (NetSuite), FP&A application and an internal revenue/billing system.
• Reduced the time to complete the month-end financial close from >20 days to From February 2012 to September 2013 (1 year 8 months) Sr. Vice President, Chief Financial Officer @ Worldwide provider of messaging infrastructure, email security, and archiving products delivered as an appliance. Privately-held, venture capital-backed company with $25M of revenue. Acquired by Critical Path, a European-based technology company, in November, 2010.
Worked closely with the CEO and Board of Directors to analyze the company’s financial condition, assess alternative financing options, and drive financial elements of the corporate development package with the Company’s investment bank. Worked closely with the CEO and investment bankers to prepare and present the Company to prospective buyers, concluding in a successful investor exit. Responsibilities and projects include:
• Managed Finance, Human Resources, Information Technology, Operations and Facilities.
• Evaluated & recommended financial alternatives for the Company to the Board of Directors.
• Prepared and presented financial material to potential buyers of the Company.
• Managed cash flow, transitioned to a new commercial banking relationship with Silicon Valley Bank, and successfully executed a bridge loan during the due diligence process.
• Completed successful sale of the Company in less than six months. From March 2010 to March 2011 (1 year 1 month) Vice President, Finance @ Worldwide provider of learning, performance and talent management software products, services and on-demand subscription (SaaS). Revenues were $125M. Public company, acquired in 2009 by a private equity firm.
Responsible for worldwide accounting, revenue recognition, financial systems, SEC reporting, order management, credit & collections, taxes, treasury and maintenance renewal bookings. Managed ~25 employees. Dotted line responsibility for EMEA and India Finance organizations and Internal Audit. Responsible for the company’s SOX program, Audit Committee coordination and relationship with the company’s external auditors (BDO Seidman, LLP).
• Decreased SOX internal testing error rate from 7% in 2007 to From June 2007 to May 2009 (2 years) Vice President, Chief Accounting Officer @ Worldwide provider of software lifecycle management solutions, which enable customers to protect, enhance, and distribute software or digital content through digital distribution channels and destination devices. Leader of anti-piracy and content protection technologies. Revenues were ~$250M.
Vice President, Chief Accounting Officer
Responsible for worldwide accounting, revenue recognition, financial systems, SEC reporting, stock administration, procurement, and facilities. Managed a worldwide group of ~40 employees. Presented at all Audit Committee meetings.
• Initiated and leading a cross-functional team to evaluate, select, and implement a stock administration system and employee online stock trading tool. Team was selected as the company’s “Outstanding Team of the Quarter.” From February 2006 to June 2007 (1 year 5 months) Corporate Controller @ Worldwide provider of software products and services for the communications industry, including mobile & wireline service providers and handset manufacturers. Revenues grew from ~$250M in 2003 to ~$400M in 2005.
Responsible for worldwide accounting, financial systems, SEC reporting, credit & collections, commissions, and purchasing. Managed a group of ~35-40 employees. Owner of the worldwide external audit relationship. Active participant in all Audit Committee meetings. Projects included:
• Implemented numerous process improvements and improving internal controls in order to ensure compliance with Sarbanes-Oxley / SEC regulations. Enabled Openwave to pass their initial Sarbanes-Oxley 404 audit.
• Re-engineered processes which were considered a “reportable condition” (material internal control weakness) by the company’s external auditors for two consecutive quarters prior to my arrival. From May 2003 to October 2005 (2 years 6 months) Director, Finance @ Worldwide provider of service management software and services, which enable customers to easily automate internal and external processes. Annual revenues grew from ~$175M in 1998 to over $300M in 2001. Company was acquired in late 2001 for ~$1B.
Responsible for worldwide accounting, financial reporting, financial systems, and procurement. Managed a department of 35-40 domestic employees and dotted line responsibility for international accounting and finance. Projects included:
• Led worldwide commission system selection and implementation team. Domestic implementation recognized as one of the quickest and most successful vendor implementations.
• No material proposed adjustments to company financial statements or management letter comments during tenure From October 1998 to November 2001 (3 years 2 months) Director, Finance @ Developed, marketed and sold bio-medical products to dermatologists and plastic surgeons in North America and Europe. Annual revenues grew from ~$60M to $85M. Company was acquired by Inamed Corp., which was acquired by Allergan Inc.
Managed worldwide accounting and finance. Responsible for relationship with external auditors. Promoted from Controller to Director, Finance in 1996. Managed a staff of ~15 employess. Projects included:
• Six-month assignment in Lausanne, Switzerland as Director of International Finance responsible for European Finance. Worked closely with European Country General Managers and Country Finance Controllers.
• Leader of the financial systems selection and implementation team for a new ERP and budget/planning systems, which was successfully implemented within budget and on time. From January 1994 to September 1998 (4 years 9 months) Site Controller @ Responsible for U.S. accounting and worldwide consolidation. Coordination of worldwide external audit. From September 1991 to December 1993 (2 years 4 months) Financial Operations Manager @ Financial Operations Manager - HP Laboratories Division
Financial Planning & Reporting Manager - Worldwide Customer Support Division
Cost Accounting Manager - Application Support Division
Senior Financial Planning & Reporting Analyst - Application Support Division
Managed up to 20 employees. Responsibilities included FP&A, general accounting and cost accounting. From February 1983 to September 1991 (8 years 8 months) Senior Auditor @ Conducted all phases of audit for small to medium-sized companies. From July 1980 to January 1983 (2 years 7 months)
B.S., Business Administration, Accounting @ California Polytechnic State University-San Luis Obispo From 1977 to 1980 A.A., Accounting @ Foothill College From 1975 to 1977 Los Altos High School Paul Dumas is skilled in: Sarbanes-Oxley Act, Revenue Recognition, Financial Reporting, Mergers & Acquisitions, Internal Controls, Finance, Management, Accounting, Auditing, Process Improvement, Analysis, SEC filings, Due Diligence, Cross-functional Team Leadership, Strategy