BYRNE
Mobile/Office (858) 382-6081
San Diego, CA 92131 Email: pbyrne@readytechinc.com
SUMMARY: Strategic Financial Executive who can guide a business through difficult decisions on the way to profitable
growth while simultaneously building value by monetizing opportunties. A savvy professional skilled at partnering to drive
successful results in areas ranging from: Cost Control, Operations and Supply Chain Management, Business
Turnarounds, Business Strategy Formulation and Execution and Corporate Development. Style wise, I am a high energy
situational leader with the ability to influence positive change in an organization. Management scope includes: P/L
Responsibility, Accounting, Management Accounting, FP&A, SOX, Internal Audit, Tax, Treasury and Banking, IT, HR,
Insurance and Legal.
EXPERIENCE:
2013-Pres. CRES Insurance Services LLC, San Diego CA
Chief Administrative Officer and CFO
Responsible for all Financial, Sales, Marketing and Compliance functions for a $30M Provider of
Professional Liability Insurance. In the role I report to the CEO and the Board of Directors. Elected as a
Manager of the LLC. Key Accomplishments include:
Negotiated and closed acquisition of a brokerage in Northern CA. The acquisition provides $3M in annual
revenue and $700K of EBITDA. The deal has become a template for a roll-up strategy.
Guided cost reduction efforts which culminated in a headcount reduction of 20% and shutdown of an
ineffective software development project saving precious time and a $2M development cost looming.
Championed move to a new distribution channel & focused sales team on relationship selling. The tactic
pivots on resellers around the United States. In its first year the company is growing at a 20% clip with
improved profitability. Relationship selling is driving up the ASP on the business we do.
Leveraged Revenue Recognition Rule Changes to create a one-time tax savings of $1.5M.
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2000 2001 PEREGRINE Semiconductor Corporation, San Diego CA
Corporate Controller
Led administrative functions for a Pre-IPO firm with revenue of $20M engaged in the design & fabrication of
RFICs used in the telephony marketplace. In this capacity I reported to the CEO.
Secured bank financing of $5M in support of an ambitious capital expenditure plan to modernize the wafer
fabrication site in Australia.
Developed bottoms-up forecast model to accurately predict profitability and cash flow.
Created and implemented cost accounting system using EPICOR platform for the company.
Centralized the worldwide IT function to improve performance and reduce cost.
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