David Parkes Email & Phone Number

New York, New York, United States

New York, New York, United States

Provide CFO advisory clients with technical accounting guidance on complex transactions, including mergers and acquisitions, impairments, consolidations and the preparation of GAAP financial statements.

New York, New York

Controller for Steel Partners with responsibility for the integrity of all financial information.Responsible for preparing and filing all SEC and other external financial reporting including SEC Forms 10-K, 10-Q, 8-K, 4, S-3, SD and other stand-alone US GAAP financial statements. Responsibilities include drafting footnotes and MD&A items using Workiva's Wdesk reporting solution. Responsible for drafting Quarterly Press Releases and Investor Letters. In charge of all technical accounting including implementation of new accounting standards, impairments of assets, bankruptcy related matters, valuations of financial assets, guarantees.Led company wide implementation of ASC 842, Leases, including use of LeaseQuery software.Extensive knowledge and hands on experience with ASC 606, Revenue from Contracts with Customers, ASC 280, Segment Reporting, ASC 320, Investments, ASC 330, Inventory, ASC 350, Intangibles – Goodwill and Other, ASC 360, Property, Plant and Equipment, ASC 450, Contingencies, ASC 460, Guarantees, ASC 805, Business Combinations, ASC 810, Consolidation, ASC 820, Fair Value Measurement, and ASC 842, Leases.Reviewed and documented significant and unusual transactions related to mergers, acquisitions, dispositions, assets held-for sale and discontinued operations, impairments, leases, investments, legal reverses, bankruptcy, segment reporting changes and going concern analysis.Assessed accounting impact of COVID-19 including goodwill, intangible and other long-lived assets for potential asset impairment, revenue recognition, leases, valuation of inventory and accounts receivable. Prepared discounted cash flow models to determine valuations of assets.Responsible for documenting impact of prior financial statement reporting errors (including SAB 99 root cause analysis) and segment changes.Primary point of contact with external Big 4 auditor.Responsible for maintaining SOX compliance for corporate functions.

Greater New York City Area

Led globally-distributed multinational reporting and agency business reporting teams spread throughout the U.S. and India. Delivered targeted financial and control improvements.► Created and executed strategic and tactical plans to address both the existing aged intercompany payables/receivables breaks and the root cause of the issue.► Remediated processes causing operational deficiencies. ► Implemented a holistic plan that resolved agency issues revealed in audit and review findings.

Greater New York City Area

Headed the Federal Reserve and Government reporting group and managed 30+ global team members. Executed quarterly and annual filings with the Federal Reserve Bank and Bureau of Economics.► Automated and streamlined manually-intensive and error-prone reporting processes. ► Gained relief from several reporting requirements by drafting and presenting letters to the Federal Reserve Bank.

Greater New York City Area

Led quarterly reporting to the Federal Reserve Bank of New York with oversight of quarterly preparation and presentation of the reporting package to the CFO. Set and navigated reporting strategies, identified and captured opportunities for enhancement, and liaised with the Federal Reserve Bank. ► Collaborated with senior management and engaged a Deloitte team to establish a regulatory reporting function.► Hired, mentored, and developed a talented team preparing and reviewing reports. ► Led the design and implementation of an automated solution that strengthened controls around the quality of reporting and the overall process.

Greater New York City Area

Owned accounting function responsibilities for consolidations, business combinations, goodwill impairment, noncontrolling interests, disposals of business units, and impairments of assets. ► Directed the global implementation of a new consolidation standard with oversight of 8,000+ legal entities and 10,000+ investments. ► Managed critical and sensitive transactions during the financial crisis. ► Established new global accounting standards.

Greater New York City Area

Goldman Sachs & Co, Vice President, Finance (Mortgage Product Control), 2006-2007Analyzed deal-by-deal accounting for all mortgage structured finance transactions, commercial mortgage securitizations, collateralized debt, and collateralized loan obligation transactions.► Championed proper accounting across all mortgage deals. ► Prepared financial statement disclosures and footnotes.

Greater New York City Area

KPMG, LLP, Senior Manager, Assurance Practice, 1997-2006Executed public audits for large banking and investment banking clients including Citigroup, Deutsche Bank, Bankers Trust, DLJ, ING Barings, and Jefferies Group.► Led a 25-member team managing the conduct of the audit and oversight of SEC filings. ► Managed overall audits with zero PCAOB findings.