Andrew Pendleton

SeatonHill Oilfield Services Engagement: Andrew jointly served with a SeatonHill colleague to provide Interim CFO Services for a $250 million revenue oilfield services group of affiliated companies.

• Stepped into the CFO role upon termination of the existing CFO during a challenging turnaround situation

• Served as primary point person for communications with the company’s asset-based lender

• Maintained regular communication with CFO of company’s lead strategic supplier

• Enhanced and maintained weekly rolling 13-week cash flow forecast to manage significant cash constraints

• Coordinated development of annual budget and updating of balance-of-year forecast

• Guided communications with external auditor

• Revised accounting methodology pertaining to sales, cost of goods sold, and inventory for affiliated manufacturing company; restated prior year and year-to-date results 

Healthcare/Emergency Care: Andrew led financial operations through the post-merger turnaround & restructuring of this private equity-backed company as it scaled back its focus on freestanding emergency and urgent care centers and developed a second business line providing revenue cycle and management services for healthcare providers. Andrew oversaw the following efforts in addition to managing recurring reporting and forecasting requirements.

• Restated the opening balance sheet and first nine months of financial results

• Enhanced and maintained weekly rolling 13-week cash flow forecast to manage significant cash constraint

• Overhauled accounting processes and trained staff

• Redesigned monthly close procedures, including creating bank and balance sheet account reconciliations

• Developed monthly performance reporting by company and location

• Designed forecasting models, including insurance collections by location and payor

• Managed reporting and compliance requirements associated with multiple ownership restructurings and litigation matters

• Coordinated efforts to align NetSuite functionality with the company’s reporting structure

Nationally-ranked Accounting, Tax, and Advisory Firm: Andrew co-led Business Advisory Services and served as interim CFO for several distressed oil field services firms. He helped liquidate mining assets outside bankruptcy, strengthen accounting practices, coordinate working capital management, and obtain replacement financing. Andrew also provided financial modeling, as well as post-transaction services that included mentoring client financial management, establishing opening balance sheets, and developing covenant compliance reporting. 

Big 6 Global Accounting, Tax, and Advisory Firm: As Manager, Corporate Advisory & Restructuring Services, Andrew provided restructuring advisory services to a variety of debtors and creditors. He developed a solvency analysis in preparation for fraudulent conveyance litigation, evaluated strategic options for the board of an underperforming bank, and performed M&A due diligence engagements. 

Interim Leadership & Consulting Services Firm: Andrew served in finance executive roles for various clients. As interim VP Finance for a $1 billion division of a $12 billion dairy products manufacturer, he oversaw financial operations and coordinated developing the annual budget. For an aerospace company, Andrew created a financial model with a multiple-scenario capability to raise $500 million. For a USbased technology company, Andrew enhanced the financial operations at its European headquarters in London and oversaw preparation and coordination efforts for multiple European audits.