Lance Forgit Email & Phone Number

Sturbridge, MA, US

• Promoted to lead a team of direct and indirect reports, reporting to CFO.
• Develop and monitor the Company’s annual, quarterly and monthly budget/forecasts, which includes establishing budget tools, setting timelines, and acting as project manager for all business units, ensuring all budgets.
• Oversee preparation of weekly and monthly reporting decks for Private equity ownership review and presented to Senior Leadership.
• Partnered closely with Senior Management, including Marketing and Operations, on budgeting and forecasting.
• Lead Team of 4 staff in all aspects of Finance to include budgeting, forecasting, financial analysis, marketing analysis, operation analysis and cost controls.
• In 2018 added responsibility of overseeing planning and analysis for Johnny Rockets in a shared services agreement

• Promoted to work with Franchisees and to conduct analyses on operational plans.
• Carry out strategies to engage in cost-saving and profit-generating opportunities; implement profitability improvement strategies, financial plans, and new business planning, by utilizing trended future requirements.
• Budgeting & forecasting for various business units included restaurants, franchise, retail and manufacturing
• Conducted analysis on a breadth of revenue and expense categories, including new products, marketing campaigns, food costs, product mixes, and menu pricing.
• Presented analysis on pricing and profitability to Franchisees.

• Managed the coordination and preparation of the Company’s annual and five year planning process.
• Communicated metrics and status relative to plan to Senior Management, including profitability of product serving mix, marketing campaigns, promotional vehicles, test menu strategies and product introductions. Major.
• Prepared all financial projections to support the company’s 140 million debt refinancing transaction.
• Prepared all analysis & support for company restructuring resulting in the closure of 150 under-performing restaurants
• Re-developed financial model used to forecast the company’s Income Statement, Balance Sheet, Cash Flow statement and ability to meet bank covenant requirements

Partnered on managing shareholder relation’s function as it pertained to stock analyst’s requests, including financial model review and shareholder inquiries to provide ongoing communications.

• Promoted to manage accounting functions for multi- international business.
• Prepared all monthly financial reports for three separate business units, including, annual audited financial statements.
• Liaised with foreign-based employees in Europe and Asia on discussions of day-to-day operations.
• Developed Accounts Receivable Aged Trial Balance which resulted in the collection of over $100K in past due receivables.
• Completed value added tax returns which resulted in significant refunds.
• Provided analysis on new product development and cost/price negotiations.

• Coordinated the accurate filing of all state and local sales, meals and other operational tax returns.
• Served as primary liaison in state and local tax audits.
• Reduced initial assessments and mitigated potential exposures by successfully negotiating with state auditors.
• Advised various departments on technical tax related issues. Performed all accounting functions for tax related general ledger accounts including account reconciliation’s, quarterly and yearly projections, current and.

• Certified Public Accountant
• Duties included supervision of tax staff, year-end planning, research and consultation on various tax issues and daily client contact.

• Completed and reviewed tax returns for large manufacturing corporations, middle market companies, retail businesses, financial institutions, partnerships and individuals.
• Performed audits, reviews and compilations for manufacturing and retail companies.