Josh Tabin
Financial executive with experience in various aspects of accounting, auditing and financial management. Direct experience with telecom (wireless, wireline and satellite), capital raising (debt and equity) and M&A (acquisitions and divestitures).
| Headline: | Service Provider |
| Work status: | Living The Dream |
| Interested in: | Consulting opportunities, Meeting new people, Offering Expertise, Professional opportunities, Providing services to startups |
| Schools: | University of Miami, University of Texas System |
WORK EXPERIENCE
| Employer: | MosaicCFO, LLC, Houston, TX |
| Position: | President |
| Time period: | November 2006 - Present |
| Description: | I started MosaicCFO to provide strategic financial advisory services to small and mid-sized growth companies. Type of services provided include virtual CFO work, financial modeling and planning, financial transformation, capital planning, raising capital (debt, equity and mezzanine), sell-side advisory work and other transaction services. Some recent projects completed include;
• Helped client company complete acquisition of manufacturing firm by completing due diligence and securing bank financing for transaction and working capital post closing; • Helped client company secure bank financing for growth and working capital post Series A venture capital funding; • Engaged as virtual CFO for venture funded startup to develop accounting, finance, human resources and reporting functions within hyper growth company; • Built financial model for client company that helped owner evaluate ongoing funding requirements and is working with client to secure needed capital; • Built segment reporting model for client company in that provides their new owners with better visibility into the business’ economics; |
| Employer: | RigNet, Inc., Houston, TX |
| Position: | Chief Financial Officer |
| Time period: | January 2005 - November 2006 |
| Description: | RigNet (www.rig.net) is the fastest growing provider of managed network communications for the upstream oil and gas industry with over $50M in annualized revenues. RigNet is an international company with offices in Houston, Aberdeen, Stavanger, Nigeria, Qatar, Saudi Arabia, Malaysia and Singapore;
• Manage cash positions and source growth capital through fundraising activities; significant financing accomplishments include: • $30 million various debt instruments (senior, mezzanine and lease lines); and • $30 million equity placement (preferred and common); • Completed two (2) acquisitions in 2006 of industry competitors: • $30 million acquisition of Lafayette, LA land based service provider; and • $5 million acquisition of Norway based offshore and terrestrial service provider; • Implemented new accounting system along with internal controls to manage hyper growth; • Worked with operations to create policies around approval and authorization limits; • Developed customer treat paths and reserve policy for customer collections; • Implemented fixed asset tracking and purchase order management; • Worked collaboratively across the company to build accounting, human resources, IT, financial analysis, marketing, project management and purchasing functions from scratch; • Developed pricing and other financial models with sales, engineering and operations; • Partnered with engineering and operations to negotiate key supply chain relationships including satellite/teleport contracts, equipment acquisition, license agreements and other engagements; • Acted as legal liaison for MSA negotiation and other international corporate compliance (licensing/tax/corporate structure) as partner to sales and operations teams. |
| Employer: | Rackspace Managed Hosting, San Antonio, TX |
| Position: | VP-Finance/Treasurer |
| Time period: | October 2000 - December 2004 |
| Description: | Rackspace Managed Hosting (www.rackspace.com) is a leading profitable private provider of managed web hosting services with over $250M in annualized revenues and triple digit compound annual growth since its inception in December 1998;
• Manage cash positions and source growth capital through fundraising activities; significant financing accomplishments include: • $32 million various debt instruments (senior term debt, revolver, equipment lease line);and • $9 million preferred equity placement; • Ran all aspects (diligence, deal terms, documentation and implementation) of a $7.5 million sale and divestiture of the company’s discount dedicated hosting division to a Canadian company; • Acquired three (3) data centers from large telecommunications companies over the course of 3 years to support revenue growth; most recent acquisition was the purchase of a $50 million data center in Dallas, Texas for $2 million plus an assumption of lease; • Worked with business line executives to establish financial targets for business segments and associated incentive plans to drive corporate performance; company has met or exceeded guidance provided to company stakeholders for past 4 years. • Partnered with engineering and operations to negotiate key supply chain relationships including real estate leases, equipment acquisition, license agreements and other engagements; • Developed staffing models for service teams with team leaders for NOC, support and data center operations which fed budget and planning models for the business units; |
| Employer: | SBC Communications Inc. (NYSE:T), San Antonio, TX |
| Position: | Associate Director – Corporate Financial Planning |
| Time period: | April 1999 - October 2000 |
| Description: | SBC Communications Inc. (now AT&T) is a Fortune 500 company that provides comprehensive telecommunications products and services through a global network of leading brands and operations in the U.S. and 240 other countries around the world;
• Analyzed and recommended on corporate M&A strategy for various SBC business areas including the company’s IT, directory, coin and Internet businesses. • Responsible for the integration of financial planning post Ameritech acquisition. • Coordinated and developed annual commitment budget, three-year business plans, and ten-year valuations for SBC Communications Inc. This included, but was not limited to: • setting targets for revenue, contribution margin, and demand volumes as well as analysis on current market trends to determine plan viability; and • designed, implemented, and administered SBC Financial Planning Database, a Hyperion Essbase product which housed ten-year corporate budget and planning data; • Analyzed corporate and shared services companies, which included benchmarking, cost studies, market analysis, product and project reviews, and merger team synergism for the analysis of monthly budget to actual variances; • Other areas of involvement included investor relations, external reporting, rating agency analysis and reporting and executive compensation studies. |
| Employer: | SBC Wireless (now Cingular Wireless), Houston, TX |
| Position: | Regional Manager – Strategic Operations |
| Time period: | May 1995 - April 1999 |
| Description: | SBC Wireless (now Cingular Wireless) is the largest wireless service provider in the United States that operated, at the time, under brand names such as Southwestern Bell Mobile Systems and Cellular One;
• Opened the Houston and Austin cellular markets as “one-stop-shopping” concept stores for SBC prior to the signing of the 1996 Telecom Act; • Part of the strategic alliance team that worked and negotiated with GTE Wireless (now Verizon Wireless) on a tri-market wholesale agreement in which SBC would resell GTE services in Houston, Austin and El Paso; • Developed retail operations procedures for the provisioning of Southwestern Bell Telephone consumer and business services, Southwestern Bell Telecom data and equipment services and other new showcase data services (ISDN and video conferencing) and then developed a training curriculum for new hires on same; • Designed, developed and deployed a full call center supporting local operations that included sales support, customer service, collections, telemarketing, retention and fulfillment for our joint marketing program with SWBT. Developed call routing tables, treat paths, agent and queue reporting using Nortel Meridian Max software. Peak of 71 seats for entire call center; • Outlined and implemented internal audit functions, management reporting, revenue assurance programs to comply with corporate internal auditor reports; • Consolidated the Houston and Austin wireless markets into the San Antonio market to create the Greater Texas Region. Consolidation included initial analysis and plan implementation to create an $18 million annual improvement to the market’s bottom line. |
| Employer: | Acorn Stationers, Hollywood, Florida |
| Position: | General Manager – Commercial Accounts |
| Time period: | August 1990 - April 1995 |
| Description: | • Profit & loss responsibility for the commercial office supply division which included oversight of sales, account management, procurement, logistics, product development, merchandising and bookkeeping; |
EDUCATION
| University: | University of Texas System |
| Time period: | 2001 |
| Degree: | Finance, MBA |
| University: | University of Miami |
| Time period: | 1990 |
| Degree: | BBA in Accounting |
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Josh's Contacts (15)
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Eric Standlee
Funding source for startups
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Ada Chen Rekhi
Product Management at Mochi Media
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Jameson Hsu
I'm the CEO of Mochi Media and formerly a co-founder of WDDG. I grew up on the East Coast, went to Virginia Tech and now live in San Francisco.
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Avish Dahiya
Global Software & New Media Entreprenuer President, DNA Global Network Inc. (Global Sourcing, Program Management, Management Consulting & Research)