Zerrick Bynum

Experience

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  Bowles Hollowell Conner

  Jan 1993 - Jan 1995

  Investment Banking Analyst
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  Donaldson, Lufkin & Jenrette

  Jan 1997 - Jan 1999

  Investment Banking Associate
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  Charlotte Franchise Partners, LLC

  Jan 2003 - Jan 2006

  Owner

  Started company search firm to acquire, operate and grow a small, multi-location operating company ($3 - $5 million enterprise value). Primary responsibilities include sourcing acquisition opportunities, conducting company & industry due diligence, arranging & structuring financing and supervising legal & tax advisors.• Successfully negotiated and executed several letters of intent (LOI), including LOIs to purchase a niche home medical equipment company and a leading niche, consumer financial services company operating as an orphaned division of a NYSE-traded company.• Provided operations improvement and growth strategy consulting services to a small behavioral healthcare company. Specifically researched and advised on implementing a new accounting & billing system to improve cash flow management & internal controls and bring the company into compliance with its bank debt. Supervised functional team coordination to set, measure and ensure achievement of defined metrics. Show less

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  RolloverSystems, LLC

  Jun 2006 - Oct 2011

  Chief Financial Officer

  Supervised finance functions at high-touch, high-tech financial services company. It services 7k+ retirement plan clients with over 850,000 401k & 403b participants and processes $1+ billion in transactions annually. Company’s workforce nearly doubled to 60 people in 18 months during high-growth phase. Specific accomplishments follow:• Risk Management – Analyzed co’s risk profile, ensured regulatory compliance and mitigated financial liability by implementing process reforms and an insurance program at corporate parent and broker-dealer and transfer agency subsidiaries. • Financial Controls – Hired Controller to implement and supervise monthly closing process. Initiated regular annual financial & FINRA audits. • Cash Flow Management – Created detailed cash flow projections for senior mgmt & board of directors. Signed checks to vendors. • Financial Metrics Dashboard – Created dashboard w/ key financial & operating metrics for internal consumption & board meetings. • Growth Capital – Supervised legal drafting, closing and funding of multiple private equity financing rounds exceeding $10 million. • Technology Projects – Co-led tech projects to select & onboard enterprise data hosting provider and to determine reporting requirements for a consumer financial transactions platform. • External / Investor Relations – Maintained banking relationships and external legal counsel relationships prior to hiring a General Counsel. Co-maintained insurance relationships w/ HR Director and General Counsel. Communicated with individual investors, large family office and several institutional investment companies as Investor Relations contact. • Special Projects – Led fold-in acquisition, via Article IX sale, of a tech platform company. Managed company’s conversion from a C corporation to a limited liability company (LLC). Managed QuickBooks to Great Plains Dynamics accounting software migration. Assisted negotiating IRA, mutual fund and money-market fund seller agreements. Show less

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  Viddles, LLC

  Nov 2011 - now

  Founder and CEO

  Led customer discovery and product development as founder of multiple online marketplaces: Viddlz (a local online marketplace of home bakers and later restaurants); Happzee ( a local live-event discovery platform); and ShopOff & Chofeur (online marketplaces of resale and new merchandise apparel boutiques).• Personally recruited and onboarded initial cohort of merchants (sellers) on each platform.• Raised nearly $2 million in equity and debt capital from institutional investor and family & friend investors.• Directed design and software development efforts that created successfully two (2) Shopify sales channel apps, a native iOS app and multiple hybrid iOS & Android apps. The typical tech stack was Ruby on Rails backend, React frontend and AWS hosting. Show less

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  Enviro-Master International Franchise

  Jan 2017 - Jan 2017

  Interim Chief Financial Officer

  • Hired by private equity group owner & management of this leading franchisor of commercial cleaning services, disinfection services and bathroom cleaning services to address operational deficiencies and position company for long-term success.• Identified compliance & security/controls concerns and created action plan to rectify issues.• Performed operational audit and created action plan to migrate analog operating procedures (invoicing and receivables management, check processing and weekly fee statements) to digital standard operation procedures.• Assisted in the interviewing and onboarding of the new CFO. Show less

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  ABZ Strategic Finance

  Jan 2018 - now

  Founder and Principal Contractor

  I provide Strategic CFO (Chief Financial Officer) services as a Fractional CFO on an on-site (in the Charlotte, NC MSA), hybrid or remote basis. With prior experience in FinTech, software, eCommerce, multi-location service providers, M&A, structured finance and real estate, I focus primarily on serving service businesses, especially those seeking operational improvements and/or experiencing significant change. My super power is Cash Flow Management, with a wholistic, bottows-up approach. This approach encompasses Risk Management and Unit Economics analyses and Right-Sizing the Debt-Equity Capital Stack. See sample engagements below. Show less

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  Party Reflections, Inc.

  Jun 2018 - Mar 2020

  Chief Financial Officer (Fractional CFO)

  Served as part-time CFO at the largest event rental company in the Carolinas until COVID caused in-person events to cease.• Streamlined Monthly Closing Process & Management Reporting – Worked with Controller to streamline monthly closing process. Distilled monthly financials into new management reports and presented them both in regular executive management meetings and to middle managers to teach key financial business drivers.• Created Finance-Based Pricing Tools – Worked with salespersons & sales manager to create intuitive pricing tools that accounted for both fixed and variable costs for each job.• Right-Sized the Capital Stack – Managed banking relationships to restructure and establish debt and equity structures that provided the critical flexibility to pursue both an organic growth strategy and a focused acquisitive growth strategy in a capital-intensive, seasonal industry. Show less

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  Auto Parts Nearby

  May 2019 - Mar 2023

  Co-Founder & Co-CEO

  The only local online retail marketplace of new, aftermarket auto parts nationwide. Search leading new auto parts stores near you. 1. Compare prices in seconds. And get the lowest prices available. Guaranteed!2. Get your new auto parts same-day. Pickup or delivery.https://AutoPartsNearby.com

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  North Carolina A&T Real Estate Foundation, Inc.

  Oct 2023 - Feb 2024

  Finance Consultant

  • Worked with the Foundation (the manager of a $180+ million student housing & university real estate portfolio), its board, bond consultants and bond ratings agency to address operational challenges and position Foundation for long-term success.• Created Standard Operating Procedures (SOP) for $40+ million bond financing compliance.• Created monthly financial reports.• Created pro forma cash flow budgets for two (2) bond-issuing entities in "real estate" format and reconciled financial statements to budgets. Show less