Eric Braathen1922 Woodberry Rd., Charlotte, NC 28212

(704) 567-8815, eabwings@gmail.com

MISSION STATEMENT: To use my over 10 years of financial planning and analysis skills to support critical decision making, provide clarity and depth to the financial statements, and add incremental value to your organization.

CORE COMPETENCIES:

Financial planning – Annual operating budgets, 5 year operating plans, profitability and contribution margins by-product, monthly financial reforecasting, pro-forma financial statements, cash flow forecasting, financial modeling, capital restructuring, contract negotiation.

Financial analysis – monthly budget-to-actual, operating and overhead variance analysis, financial drivers sensitivity analysis, ad-hoc analysis and reporting, ROA, ROI, and special projects.

Formal reporting of financial results to upper management; physical reports as well as verbal & visual presentations. Supervision of financial analysts and accounting personnel. Month end closing - accruals, reserves, financial reporting package preparation and review, account reconciliations. Cost accounting system development and cost accounting standards maintenance. Public accounting and internal auditing; adherence to GAAP. Internal control establishment and monitoring. Experience with multiple accounting systems including: Oracle E-Business Suite, UNIX (DSI), Hyperion, Solomon, JD

Edwards, Costpoint, PeopleSoft, IBM AS400 and System 36, and QuickBooks. Experience with various data extraction software including: Hyperion Explorer data extractions from Sequel databases,

Microsoft Analysis Services, Microsoft Access, Cognos Impromptu, Cognos EP, Paradox, and Surpass. Highly proficient with Microsoft Office including Excel 2010 (advanced), Word, PowerPoint, Access, SharePoint.

PROFESSIONAL EXPERIENCE:

MOOD MEDIA CORP - MUZAK, LLC – Charlotte, North Carolina (2006 – present)Financial Analyst (2006-2008), Manager of Financial Planning and Analysis (2008 – 2014), Independent

Consultant (2014-present): *Currently serving as an independent consultant for Mood Media. I have served as a combined Senior Financial Analyst / Business Analyst / Data Analyst and Project Manager on three major projects: 1) A major post-system conversion issue from late 2014 to late 2015, which involved the identification and quantification of post-system conversion errors and their sources, and documenting and implementing corrections to the system to prevent further errors. These results also served as the basis for a settlement offer with Mood’s affected affiliates. 2) Arbitration support regarding a transaction hold-back amount with one of Mood’s affiliates in late 2015. Our work resulted in obtaining a $2.8M settlement vs. a $500K offer. 3) A reconciliation of two large databases (device control site vs. billing) to uncover missed billings and other opportunities for savings. The project started in early 2016 and is still in process. The current estimated outcome is $200K of additional recurring billing opportunities on an annual basis.

Accomplishments as a Manager of Financial Planning and Analysis:*Redeveloped and upgraded the annual budget program and process. Implemented Cognos Enterprise Planning (EP) budget software, which reduced budget preparation and rollup time by 30%.*Led and managed the annual budgeting process and monthly re-forecasting process including: revenue targets and sales productivity; personnel (including staffing models), overhead, and capital requirements by department and product line. *Developed and maintained three complementary 5 year plans (high level, by-product, and segment by-product)*Monitored progress to budget with monthly budget-to-actual comparisons, trend analysis, and monthly re-forecasts.*Finance subject matter expert and main point of contact for Muzak’s data warehouse using Microsoft analysis services. The data warehouse enabled quick and detailed analysis of the main revenue and expense drivers. *Led various expense reduction initiatives including: personnel, telecommunications, health care, freight, and travel – producing non-personnel overhead savings of $1.5 million. I also resolved a tax billing dispute that saved $300k.*Financial system process improvements and modifications (FS rollup and account structure), financial reporting improvements (simplification and visibility). I also led and executed the redevelopment of a new management reporting package after Mood Media bought Muzak that incorporated substantial qualitative data from the data warehouse.*Ad-hoc analysis including: product line margin and EBITDA contributions; sales productivity by tenure; partial and full absorption cost per field technician labor hour; and new product and business process change return on investment (ROI)*Incorporated financial forecasts into the company’s debt restructuring efforts and new debt covenant structure. The Company debt was successfully reduced from $400 million to $275 million, including more favorable covenants.

DUKE\SHAW ENERGY DELIVERY SERVICES (EDS) – Charlotte, North Carolina (2002-2005)Revenue Analyst, Manager of Project Accounting and Invoicing, and Accounting Manager: Promoted twice at Duke

Energy Delivery Services while on a contract basis during a three year engagement. Managed a department of 11 people. Monthly Income Statement finalization – revenue recognition and analysis. Heavily involved in a system conversion to JD Edwards after Duke Energy sold EDS to the Shaw Group. Developed standard cost system (cost per hour) for EDS vehicle fleet (800 vehicles, 90 classifications). Major or primary audit contact for five audits (2 public, 1 internal SOX, 1 client, 1 DCAA). Project reporting, budgeting, forecasting, and variance analysis. Developed basic accounting concepts training course for the EDS engineers and project managers. Became proficient at select advanced Excel functions (pivot tables and advanced excel functions like array and “v” lookups).

ACCOUNTING CONSULTING – Charlotte, North Carolina (2001)

1) Intercompany support and problem resolution, and intercompany accounting for GOODRICH CORPORATION.2) Cash flow forecasting, internal control review, and business plan analysis for a small restaurant business.3) Home building accounting consulting for ATLANTIC BUILDERS in Jacksonville, FL - included a complete accounting process and department review with a recommendation letter summarizing my findings (including changing lot purchase methodology and addressing staffing issues).

OTHER ACCOUNTING EXPERIENCE – (2000 and prior):

RYLAND HOMES & CENTEX HOMES - Charlotte, North Carolina & Jacksonville, Florida

Controller, Assistant Controller, Sales Representative: Supervision of two clerical personnel and two accountants. Responsible for the preparation of the monthly financial statements, the quarterly corporate reporting package, account reconciliations, fixed assets, land records, lot inventory tracking, selected financial projections (i.e. annual plans, quarterly updates, 5 year plan), proforma statements for new products and subdivisions, various return on assets (ROA) calculations, tracking marketing information and budgets, extensive tracking of sales data, and variance reporting and analysis. Helped establish sales commission structure and develop sales compensation tracking system. Developed variance based construction bonus program and reports, which saved Centex over $400,000 in construction variance costs. In addition, I was trained in basic production management.

Also, in a cross training program I sold over $3,000,000 worth of new homes. I was responsible for the analysis of competition, customer prospecting, product presentation, realtor marketing and networking, and customer follow-up.

ERNST & YOUNG - Toledo, Ohio

Senior Accountant/Auditor: Conducted annual audits for clients in the manufacturing, retail, and not-for-profit fields. Responsibilities included: the planning and scheduling of the audit, the supervision of assistant staff accountants, assuring compliance with generally accepted accounting principles(GAAP), establishing and meeting time budgets, drafting audited financial statements, suggesting methods to enhance the client's system of internal control (error and fraud prevention), and suggesting methods to improve client operations. Passed CPA exam.

EDUCATION:

Eastern Michigan University - Ypsilanti, MIDegree: Bachelor of Business Administration, Major: AccountingOverall GPA: 3.76 / Accounting GPA: 3.67 Graduated with honors - Cum Laude. Honor Role and Dean's list.

High School: De La Salle Collegiate - Warren, MI - Graduated Cum Laude.

PROFESSIONAL CERTIFICATIONS:

Certified as a public accountant (CPA) in the State of Ohio. Presently in good standing, but inactive.

References and prior job evaluations available upon request.