Peter Basius

Experienced finance professional with over twenty-six years of progressive financial responsibility.   Proven track record of leading teams of professionals in fast paced environments.  Well rounded, hands-on professional, excellent communicator and team player that leads by example.

Significant expertise in:

• Executive Financial Management
• Financial Reporting
• Planning & Forecasting
• System Implementation
• Controls & Compliance
• Cash Management
• Risk Management
• Process Improvement
• Contracts & Vendor Management

Automatic Laundry Services Co. – $50M second largest (privately owned) provider of laundry management services to community laundry facilities throughout the Northeast US.

Chief Financial Officer                                                                                                Jul ’19 to Nov ‘23

• Strategic business partner to the owners and the executive leadership team.
• Responsible for directing all aspects of finance and accounting department with a staff of 6 professionals.  Reviewed and presented all financial statements, financial data and metrics and cash forecasts (13 week rolling) in a timely manner to keep owners abreast of the Company’s financial status.
• Proactively maintain an environment of strong financial controls ensuring compliance with federal and state regulatory requirements for annual reports, sales and use tax, property tax and Paid Family and Medical Leave reporting.
• Worked with management throughout the Company to introduce policies, procedures and processes to enable growth and improve accountability of Company assets and resources.
• Managed one Human Resources professional and led annual review process and benefits renewals.
• Managed the Company’s bank relationship and maintained a $10MM non-revolving credit facility (termed out every other year) and instrumental in the addition of a $3MM revolving credit facility.
• Worked with insurance agency to reduce annual insurance premiums by 17% ($60k) by having multiple carriers quote on the various policies.
• Worked with benefits broker to develop benefits plan increasing company deductibles and saved the Company 13% ($65k) in benefits premiums in first year.
• Served as main point of contact with outsourced IT provider to plan equipment needs and IT roadmap.
• Key role in partner sourcing and the implementation of Microsoft Business Central to support company’s accounting and service back-end requirements.
• Worked with Service and Operations management teams to reduce inventory and cost of goods adjustments through implementation of procedures and controls to account for all inventory movements and consumption.
• Serve as administrator for 401k plan, responsible for plan administration and review of 5500 returns.
• Co-managed Company vehicle fleet of over thirty-five vehicles.

Venture Advisors, LLC – Provider of CFO, Controller and financial advisory services.  Sample clients include GlassHouse Technologies, Bit9, Optiant, Group Commerce, Nanigans and Whaleback Managed Services.

Vice President, Finance                                                                                               Feb ’07 to Jul ‘19

• Perform CFO and VP Finance roles for clients ranging from pre-revenue start-ups to multi-national corporations with over 500 employees and annual revenues in excess of $150 million.
• Prepare financial statements, budgets, forecasts, metric analysis, capital plans and cash requirements in addition to supervising financial and administrative teams of up to 15 people.
• Create revenue recognition process for clients adhering to latest GAAP requirements (ASC 606).
• Manage capitalization tables and all stock option administration and related accounting.
• Participated in numerous debt and equity fund raisings.
• Responsible for initiating, developing and maintaining professional relationships (audit/tax, banking, legal, insurance/benefits, etc.), including presenting at board of director’s meetings.
• Create, review and negotiate both vendor and customer contracts and agreements.
• Create and implement policies and procedures to establish and maintain controls.
• Responsible for world-wide financial consolidations with 7 foreign entities.
• Key contributor in preparing the S-1/A for client public stock offering – preparing consolidated financial statements, footnotes, MD&A and SEC disclosures.
• Led implementation of world-wide general ledger (Microsoft Dynamics NAV).
• Manage client facilities needs - including space assessment, financial analysis and lease negotiation.
• Formulate and implement financial and equity compensation structures.

Choicestream, Inc. – $20M privately held developer of personalization software for portals and e-retailers.

Vice President, Finance                                                                                               Apr ’05 to Feb ‘07

• Produced all financial statements, budgets, cash forecasts and financials analysis.
• Selected and implemented a time tracking and costing system in order to drive project costing and profit margin reporting.
• Maintained capitalization table and accounting for stock option plan and equity investments.
• Managed all professional relationships with banks, audit/tax and insurance companies.
• Managed all professional relationships with banks, audit/tax and insurance companies.
• Instituted policies and procedures to ensure accurate and timely financial data.
• Collaborated with Human Resources to improve annual performance and review system. 

Basius Financial Services (self-employed)                                                        Apr ’02 to Apr ‘05

Contract Controller 

• Maintained client portfolio from CyberCFO as well as sourcing additional clients and providing the same range of services.  Sample clients included Incipient, Affinnova, DataPower and ChoiceStream.

CyberCFO (company went out of business)                                                                   Sept ‘01 to Mar ‘02

Contract Controller

• Provide financial and accounting services consulting for emerging growth companies and start-ups.
• Work with clients to establish financial infrastructure – financial reporting, analysis, forecasts and budgets.
• Manage professional relationships – banking, legal, audit, insurance and benefits providers.
• Prepare financial models for clients and assist clients in raising capital – debt and equity.
• Develop and implement policies, procedures and internal controls for client companies.
• Work various issues as a strategic member of client senior management team. 
• Ensure revenue recognition is in compliance with GAAP.

University of New Hampshire, Durham, NH - BS Business Administration

Rivier College, Nashua, NH - Master’s in Business Administration