Jay Perlmutter

Managing Director at Buxbaum HCS, LLC
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Contact Information
us****@****om
(386) 825-5501
Location
Los Angeles Metropolitan Area

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Ron Ryder

Jay has been the consummate professional here at IMGX through some mean times - three years worth of SEC audits, quarterly reports and a difficult S1 process. Jay has proven himself to be hard working, dedicated and of high moral character. Anyone wanting a recommendation, please ping me, I am very happy to give an excellent reference.

Peter Laudeman

Jay has a solid background in accounting and finance as well as wealth of experience gained by working in the Entertainment Industry at two major studios in various capacities. Additionally, Jay has a solid understanding of international accounting, customs and practices and how large multi-national companies operate as well as experience gained by working in a startup department, where he assisted in setting policies, procedures and reporting guidelines for foreign affiliate offices.

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Credentials

  • Chartered Global Management Accountant (CGMA)
    AICPA
    Jul, 2023
    - Nov, 2024
  • Certified Public Accountant (CPA)
    California Board of Accountancy
    Dec, 2021
    - Nov, 2024

Experience

    • United States
    • Business Consulting and Services
    • 1 - 100 Employee
    • Managing Director
      • 2013 - Present

      Provides consulting, M&A support, and other services to CEOs, CFOs, and senior management. Past consulting engagements include: • Provided sell side support, facilitated due diligence process, and coordinated preparation for first-time audit in conjunction with $220M sale of multi-state privately held post-acute rehabilitation clinics. • Acted as interim CFO, coordinated audit preparation work, and spearhead extensive efforts in addressing and correcting across the board data migration errors and issues as a result of several poorly executed simultaneously implemented accounting related systems for large nonprofit organization. • Reconfigured multi-years' financials to be compliant with GAAP, assisted audit firm in key aspects of the first-time, multi-year audit, acted as gatekeeper with client investment banker and law firm to address outstanding transaction issues, and advised client on deal-required documentation and analytical support to defend net working capital amounts as part of $690M sale of a food & flavoring manufacturer. • Provided deal support and analysis to private equity investor and investment banker in support of $32M sale of a leading designer, manufacturer, distributor and marketer of tattoo furniture and supplies. • Managed implementation of new ERP system, designed new chart of accounts structure and financial reports, and created detail historical data transfer process for large privately-held insurance agency. Key Words: Consultant, consulting, M&A, mergers & acquisitions, interim CFO, transaction support, company sale preparation, sell side due diligence, audit preparation, audit support, financial leadership, accounting & finance resources, systems implementation, financial analysis Show less

    • United States
    • Broadcast Media Production and Distribution
    • 1 - 100 Employee
    • Vice President, Finance
      • 2012 - 2013

      Acted as the key financial strategist to the Managing Partners regarding accounting, finance, operational systems, banking, human resources, procurement, legal, risk management, and administration. Supervised a staff of 6. • Established formal project-level revenue recognition and invoicing processes that ensured more accurate financial reporting and more timely billings and related cash collections. • Effectively negotiated more favorable loan covenants with renewal of bank line of credit. • Revamped retirement savings plan and education programs, resulting in a 10% increase in participation. Key Words: Vice President Finance, VP Finance, VP, Accounting, Finance, systems, revenue recognition, banking relations, budgets, cash forecasts, human resources, procurement, legal, contracts, insurance, administration, Oracle Show less

    • United States
    • Software Development
    • 1 - 100 Employee
    • Controller
      • 2010 - 2012

      Managed P&L, balance sheet, cash flow, budgets, rolling cash flow forecasts, consolidation, and reporting of domestic and international entities through a staff of 3. Provided research and guidance on revenue recognition and stock-based compensation. • Successfully assisted in completing three years of SEC audits, quarterly reports, and a challenging S-1 with very limited resources and tight timelines. • Spearheaded calculations and returns for UK R&D tax credits that netted $500M in cash refunds. • Effectively handled very broad range of corporate responsibilities, including payable management, stock transfers, insurance coverage, bank relations, receivable collections, and acquisition related activities. Key Words: Controller, Accounting, facial animation software and services, international, revenue recognition, SEC filings, cash flow forecasts, budgets, risk management, banking, R&D tax credits, Quickbooks Show less

    • United States
    • Entertainment Providers
    • 700 & Above Employee
    • Executive Director, Finance, International Television Distribution
      • 2008 - 2010

      Oversaw accounting and finance for $1.9B division covering over 175 countries, US GAAP and SOX reporting, accounting closes, budgets and forecasts, ad-hoc analysis, and long-range plans through a staff of 13.• Eliminated the large backlog (200+ queries) and reduced by two-thirds the time involved in the research and response for third party participation audits by developing better coordination and monitoring tools.• Successfully implemented a more efficient approach to tracking T&E expenditures which still maintained proper control over costs but cut time of all involved by 75%.• Achieved high level of success in compliance for internal and external audits, tax, transfer pricing, and participations by providing a high quality response that reflected careful analysis and review.Key Words: Executive Director, Finance, Accounting, entertainment, international, television, distribution, financial statements, accounting closes, budgets, forecasts, analysis, long-range plans, financial reporting, US GAAP, Sarbanes-Oxley, SOX, SAP, Business Warehouse, BW Show less

    • Director, Finance, Corporate International Finance Group
      • 2005 - 2008

      Analyzed and reviewed 30 international operations financial statements, footnotes, divisional reserves and allowances, accounts receivables, currency translation, foreign exchange, and distribution royalties.• Developed highly efficient financial reporting using newly implemented SAP.• Upgraded, standardized, communicated and monitored key international accounting policies such as foreign currency translation, dividends, income tax provision, bad debts, sales returns and allowances, allocations, and statement of cash flows to ensure full compliance.Key Words: Director, Finance, Accounting, entertainment, corporate, international, financial statements, footnotes, foreign currency translation, FAS 52, foreign exchange, royalties, financial reporting, SAP, Business Warehouse, BW, systems implementation, policies, dividends, income tax provision, FAS 109, bad debts, sales returns, sales allowances, allocations, statement of cash flows, FAS 95 Show less

    • Appliances, Electrical, and Electronics Manufacturing
    • 1 - 100 Employee
    • Director, Corporate Accounting
      • 2005 - 2005

      Managed P&L, balance sheet, cash flow and consolidation of 2 domestic and 5 international entities through a staff of 4. Provided research and guidance on revenue recognition issues. • Led completion of FY 2004 & FY 2005 audit while realizing 60% audit fee reduction in FY 2005. • Implemented monthly close calendar by location resulting in 14 day reduction of closing process. Key Words: Director, Corporate Accounting, EMS, electronics, manufacturing, manufacturing services, financial statements, monthly close, revenue recognition, SAB 104, cost reductions, process improvement, close calendar, statement of cash flows, FAS 95, Hyperion Essbase Show less

    • United States
    • Biotechnology Research
    • 700 & Above Employee
    • Manager, Financial Planning & Analysis
      • 2002 - 2005

      Supervised a staff of 4 in the complex accounting of spillover liability/receivable and royalty related accounts, competitor analysis and marketing strategies for a $2.5B product.• Developed new approaches to analysis of hospital sales, enhancing Sales & Marketing executives understanding of emerging trends and resulting in significant protection of revenues.• Created competitor revenue and royalty models, including sales forecasts and analysis of discounts, resulting in much improved decision making and planning accuracy.Key Words: Manager, Financial Planning & Analysis, FP&A, Finance, Sales & Marketing, biotechnology, biotech, revenues, trend analysis, royalties, models, forecasts, discounts, earnings calls, JD Edwards, JDE Show less

    • Associate Manager, Corporate Accounting
      • 1997 - 2002

      Supported 15 international operations, including consolidations, foreign currency translation, variance analysis, forecasts, annual budgets, and long-range plans.• Improved critical performance data available to executive management by designing, implementing and fully leveraging global ERP financial reporting and consolidation systems.• Demonstrated ability to integrate complex accounting records and systems as part of company’s $16B Immunex acquisition, the largest biotech deal in history.Key Words: Manager, Corporate Accounting, biotechnology, biotech, international, operations, financial reporting, consolidations, monthly closes, latest estimates, variance analysis, budgets, long-range plans, ERP, financial systems, systems implementation, process improvement, JD Edwards, JDE Show less

    • United States
    • Entertainment Providers
    • 700 & Above Employee
    • Assistant Controller, Pictures International
      • 1995 - 1997

      Managed 12 professionals in the review and consolidation of 45 international entities for the $500M division, foreign currency translation, variance analysis, and compliance with US GAAP. • Introduced the framework of a more collaborative approach towards cash collections for the division which in turn drove improvements in accounts receivable aging, bad debt write-offs, and cash flow. • Partnered with key stakeholders to improve quality and efficiency of affiliate and licensee reporting, participation reporting, accounts receivable analysis and tax reporting. Key Words: Controller, Accounting, entertainment, international, financial statements, foreign currency translation, FAS 52, variance analysis, US GAAP, budgets, forecasts, accounts receivable aging, bad debt write-offs, cash flow, affiliate reporting, licensee reporting, participation reporting Show less

    • United States
    • Entertainment Providers
    • 700 & Above Employee
    • Controller, Game Show Network
      • 1994 - 1995

      Developed and implemented financial and management reporting systems for joint venture startup company, a 24-hour basic cable network. Hired, trained and supervised accounting, finance, and administrative staff.• Planned and completed the network’s first full year operational budget.• Spearheaded the establishment of formal recurring forecasts of P&L, cash flow, capital expenditures, and key performance indicators (KPIs) for executive management.Key Words: Controller, Accounting, Finance, entertainment, startup, cable network, financial reporting, management reporting, key performance indicators, KPIs, budgets, forecasts, P&L, cash flow, capital expenditures Show less

    • Controller, The Culver Studios
      • 1991 - 1994

      Managed accounting, financial reporting, and planning & analysis for the newly acquired studio.• Successfully integrated and aligned all newly acquired studio accounting functions into Sony Pictures, including expanding and improving financial reporting and analysis, all without any increase to staff.• Effectively partnered with studio department heads to analyze, develop and implement operational solutions and assist with achieving financial targets.Key Words: Controller, entertainment, studios, studio facilities, facilities, accounting, operations, financial reporting, P&L, cash flow, variance analysis, capital expenditures, planning, analysis, forecasts, budgets, long-range plans Show less

    • Manager, Financial Planning & Analysis
      • 1990 - 1991

      Developed and ran numerous complex economic models of potential motion pictures for Columbia Pictures which improved the division’s negotiated deals from an ultimate profitability standpoint.Key Words: Manager, Financial Planning & Analysis, FP&A, entertainment, motion pictures, models, budgets, ultimates, film costs, amortization, SOP 00-2, participations

    • Audit Principal, Internal Audit
      • 1988 - 1990

      Consulted extensively internationally in Europe and Asia Pacific on operational and financial issues.Key Words: Auditor, audit, internal audit, entertainment, international, operations, financial, risk assessments, internal controls, audit programs

    • United Kingdom
    • IT Services and IT Consulting
    • 700 & Above Employee
    • Senior, Assurance Services
      • 1985 - 1988

      Performed consultative and assurance services for clients in a variety of industries. Key Words: Auditor, audit, assurance services, consulting services, public accounting, Big 4, SEC reporting Performed consultative and assurance services for clients in a variety of industries. Key Words: Auditor, audit, assurance services, consulting services, public accounting, Big 4, SEC reporting

Education

  • UCLA Anderson School of Management
    Master of Business Administration (MBA)
    2000 - 2002
  • California State University-Northridge
    Bachelor of Science (BS), Business Administration: Accounting Theory & Practice
    1980 - 1985

Community

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