Ray Schaetzle Email & Phone Number

• Analyzing reserves and preparing footnote disclosures for a financial services company. • Revenue Recognition project for a software company serving the automotive dealership industry.

Florham Park, New Jersey

Interim CFO – Fruit & Vegetable Wholesaler• Performed CFO functions. • Preparing Automating payroll by commencing an interface into the general ledger. • Prepared Paycheck Protection Program application resulting in obtaining in excess of $2 million of loan proceeds. Created schedules to determine Loan Forgiveness. • Gathered proper support for audit workpapers for an entity, compilation for another entity and tax returns for 2 other entities.

Various New Jersey And New York

• Project lead for a balance sheet reconciliation initiative for an international insurance company. • Prepared carve-out financial statements in accordance with US GAAP and SEC regulations for the sale of the fibers business of the largest chemical company in the world. • Extensive experience with internal control risk assessments in connection with Sarbanes-Oxley Section 404 compliance. Managed project team to ensure deadlines were met. Performed risk assessments for three major insurance companies; identified key controls and compensating controls to mitigate existing control weaknesses; implemented and tracked remediation plan. Developed issues tracking log as an assessment tool for action plans. • Responsible for various special projects for an international insurance company. Assisted in the integration of an Aerospace claims system from a regional system to a global system; analyzed the tax benefits available for various reserves that were established, oversaw the general ledger recertification process over a two-year period. • Served as interim CFO for the construction division of the largest provider of gas and electric services in New Jersey. Prepared monthly financial statements on a continued and discontinued basis and restated prior year results. Prepared business plan and operating budget; developed cash forecasting models and overhead analysis that resulted in a reduction of $12 million annually.• Prepared financial due diligence in connection with potential sale of companies. Reconstructed tax basis in stock for an acquired company and assisted with the loss on disposal from discontinued operations; evaluated goodwill to determine potential impairment.

East Rutherford, New Jersery

• Responsible for all accounting, finance, taxes, legal and human resources.• Negotiated multi-million, multi-year lines of credit with three national banks to finance the operations of a company during a period of weak franchise performance.• Direct contact for league issues especially salary cap management.• Negotiated with charter airlines to provide team travel.• Interacted with external auditors during annual audits.

South Hackensack, New Jersey

• Responsible for all accounting, finance, taxes, and legal.• Direct contact for league financial issues.• Main financial contact during sale of franchise. Retained by new owner.