Patrick Shalloo, Cpa, Cgma Email & Phone Number

Eatontown, New Jersey, US

Growing hospitality group, Turning Point currently has 26 locations throughout the American Northeast including New Jersey, Pennsylvania and Delaware. Turning Point reimagines the breakfast, brunch, and lunch experience by offering unique, creatively designed, seasonal options in an atmosphere that feels like home. Report to Founder & CEO.

Reporting to COO, responsible for the financial management of a private golf and country club, and residential community with approximately 450 member families. Direct team of 6 in Accounting, Human Resources, & Information Technology. Executing merger of Club & POA to form one entity. Initiated installation of electronic HR software for paperless.

• A new restaurant-and-dining-focused division of Related Urban, the mixed-use arm of New York-based Related Companies. Reporting to CEO, diverse functional responsibility including accounting, legal, banking, insurance.
• Drive digital transformation to streamline processes & minimize manual transactions into single accounting platform, standardize chart of accounts, poll from point-of-sale system for daily reporting, implement Concur.
• Engage cost segregation analyst to accelerate depreciation and generate tax savings.
• Evaluate & develop formal accounting controls, process narratives & SOPs.
• Execute multiple PPP loan applications; implement tracking to ensure maximum loan forgiveness.

• Reporting to CFO, direct team of five controllers in the financial activities of major entertainment, dining & night life company (Revenue of $340M) with venues in six major markets including 2 international management.
• Collaborate on consolidated financial statements for 14 venues & 19 management contracts.
• Monthly review of balance sheet, cash flow & income statement with venue management and controller.
• Perform due diligence reporting to complete transaction with Tao & Madison Square Garden (MSG).
• Establish GAAP reporting standards during transition from private company to division of publicly held firm including Revenue Recognition (ASC 606) and Lease Standards (ASC 842).
• Work directly with MSG Internal Audit team to implement SOX related processes & control framework.

New York, New York, US

• As part of Danny Meyer’s Union Square Hospitality Group, coordinate period end closing process including financial statements, variance analysis, cash flow and balance sheet review for four businesses including 2 Blue.
• Automate reporting process to reduce staffing, annual overhead savings $100K.
• Implement menu engineering analysis, estimated annual savings of 0.5% in food cost.
• Successfully shortened period end closing from 10 to 6 working days.
• Maintain construction budgeting and analysis for 2 project openings.
• (8/09-12/09) Interim Controller Union Square Events Off-premises catering & contract food service firm.

• Reporting to CFO, direct the financial cycle, including in-house payroll, for privately held multi-company real estate developer including hospitality projects, new home construction, office building and apartment.
• Implemented financial calendar to provide financial reports 1 day earlier & meet all regulatory deadlines.
• Directed installation of interface of MAS200 with Kronos timekeeping and Micros Opera PMS.
• Designed FRx financial and statistical reports for MAS200.

Bloomfield, New Jersey, US

• Oversee the business and financial operations of full service member owned country club with 18 hole A.W. Tillinghast designed course, full restaurant and catering facilities, and pool. Reported directly to Board of.
• Established management structure and standard operating procedures for Human Resources, Purchasing, and Accounting.
• Implemented new IT platform on time and within budget
• Initiated successful appeal of property taxes, saving $65,000 per year.

• Direct the financial management for 3 privately held food-service companies with revenues exceeding $40 million. Company operations included food service for businesses, college campuses, state run facilities.
• Improved cash flow, shortening contact billing from 25 to 12 days.
• Revised contract format on subsidized accounts to bill in advance, improving cash flow by 45 days.
• Performed proforma calculations for successful purchase of catering business for existing debt, and integrated into existing accounting structure without additional staffing.

• Owner operator of 70-seat award winning full service restaurant. Developed concept and implemented opening plan including renovation and equipment purchases.
• Annual revenue growth of 17%.
• Successfully sold business.

Ms, Hospitality & Tourism Management

Bs, Finance