Barak Kalfa
VP Finance
Tel Aviv,TA
Summary
Experienced professional with a strong background in financial management in the technology industry, specializing in B2B SAAS systems. Currently serving as VP of Finance at a leading US tech company, with expertise in global management, accounting, taxation, and M&A transactions. Highly motivated, dedicated and detail-oriented professional offering extensive experience in accounting, risk management and business operations. Specializes in company relations within the technology industries. Demonstrated strong business acumen by profoundly understanding the intricacies of the tech industry, market trends, and competitive landscapes. Utilized this knowledge to make informed financial decisions that align with the company's strategic objectives.
Overview
8
8
years of professional experience
4
4
years of post-secondary education
2
2
Certifications
Work History
VP Finance
Relationshop Inc.
01.2023 - Current
- Oversight of all accounting, financial reporting, treasury, equity, incentive compensation, tax, internal controls & finance operations functions across the company and its subsidiaries
- Led the second merge of a software company in CA, and managing the finance team post merger.
- Management of a global team of approximately 10 people (US, CA, IL,VN)
- Providing strategic guidance around treasury and financial management options to support company growth and day-to-day needs
- Lead the process of period-close process (monthly, quarterly, and annually) under the US GAAP, including preparation of quarterly and annual financial statements, actual vs Budget and cash flow projection to the executives, BOD, investors, and lenders
- Managing all global tax planning model and making sure of the company’s compliance with all required federal, state, local, payroll, property and other applicable taxes
- Oversee the Finance Operations, including gaining efficiencies in Accounting, AP & Payroll processes
- Manage controls over the financial reporting process, including process design and management of ongoing execution
- Lead finance-related requirements in cross-company automation projects and process improvement
- Participate in creating finance strategies to ensure the Company’s financial health
- Create internal finance infrastructure to enable the company’s business growth
- Support the company’s investors and capital markets relationships.
Senior Controller
Stor.ai
10.2020 - 01.2022
- Working closely with the CEO, CFO and senior management on equity rounds, M&A, departments’ OKRs, and other business subjects
- Managing the accounting teams in Israel and the US company
- Responsible for the monthly revenues of SAAS and PS, Hedging transactions, bank deposits, commission calculations of partners, management and sales team, options chart, transfer price, and accruals
- Overseeing payroll, collection, vendor payments, bookkeeping, taxes & VAT, and intercompany reconciliation processes in Israel and the US companies
- Preparing the annual budget plan of the group, the monthly & yearly consolidated financial statements reports, and other management reports of the group activity
- Managing the short-term and the long-term cash flow and the forecasts of revenues and expenses
- Implementing organizational procedures in the finance department and the companies
- Responsible for reporting to various Israeli authorities and investors in Israel and abroad
- Negotiations and relations with 3rd parties - financial consultants, auditors, lawyers, banks, insurers, cloud providers, ESOP, etc
- Leading the implementation process of an ERP system and other supporting systems such as Priority, QuickBooks, Mesh platform, MASAV Collection, and Stripe.
Acconting Controller
Palo Alto Networks
08.2019 - 10.2020
- Responsible for the month close process and for the preparation of quarterly financial statements for several group companies according to the US GAAP (under the direction of the company's CFO)
- Preparing analytical reviews of all financial statements items
- Responsibility for the AP cycle, Cost Allocation, travel expenses analysis and payments, accruals, taxes & VAT reconciliation, intercompany reconciliation, fixed assets process, intercompany funding, accrued interest calculation, and internal management reporting and controls
- Ad-Hoc tasks and projects, such as subsidiary mergers, system implementations, managing the reporting to the Israel Innovation Authority, Bookkeeping assistance, etc
- Leading the financial statements and tax reports audit process with the Company’s external auditors
- Overseeing of accounting procedures and internal controls (implementing, monitoring).
Senior Accounting Auditor
Deloitte Israel - Brightman Almagor Zohar & Co.
01.2017 - 01.2019
- Led and instructed team members on audit techniques and the Sarbanes-Oxley Act
- Audited public firms' implementation of ASC 606 (new accounting standard for revenue recognition)
- Prepared audit plans of financial statements for leading public and private companies reporting under US GAAP and IFRS
- Identified key risks and controls, supervised control tested and assessed internal control deficiencies' impact on the audit process
- Authenticated financial data and audited the correct application of accounting and regulatory requirements
- Managed audits of client corporate income tax
- Audited client accounting data used by the Office of the Chief Scientist.
SOX and Internal Controls Consultant
Deloitte Israel
06.2016 - 01.2017
- Specialized in TMT SEC companies and performed operational and financial risk assessments for public traded companies
- Designed controls to mitigate risks identified by the Sarbanes-Oxley Act
- Tested the implementation and effectiveness of internal controls, including business process walk-throughs and risk findings analysis
- Ensured client compliance with internal firm policies and required regulations.
Education
B.A. in Accounting & Information Systems -
Jerusalem College of Technology (JCT), Lev Academic Center
09.2012 - 05.2016
Skills
Team work
Conflict resolution
Result driven
Adaptability
Networking
Variance Analysis
Planing business model
Budget Planning
Forecasting
Cash Flow Management
Internal Controls
KPI Tracking
Analytical Thinking
Accounting System: QBO, Microsoft Dynamics (GP) Priority, SAP
HRIS: Trinet, Bamboo HR, Hibob, Trinet, ADP
Banking & treasury: SVB, Chase, Stripe, Leumi, UMTB, Scotia bank, Mesh platform, AMEX
Jira, Mesh, Blackline, Concur, Grait-Plan, ADP, Trient
Licensed Public Accountant
Proficient in US GAAP & Sarbanes-Oxley act
Hebrew: Native
English: Fluent
Certification
Certificated Public Accountant, CPA. (accounting authorization studies), 09/01/12, 06/30/16
Military Service
Golani Brigade, Sergeant, 07/01/07, 06/30/10, Two-time receiver of the Battalion Certificate of Leadership Excellence
References
References will be provided upon request
Timeline
VP Finance
Relationshop Inc.
01.2023 - Current
Senior Controller
Stor.ai
10.2020 - 01.2022
Acconting Controller
Palo Alto Networks
08.2019 - 10.2020
Senior Accounting Auditor
Deloitte Israel - Brightman Almagor Zohar & Co.
01.2017 - 01.2019
SOX and Internal Controls Consultant
Deloitte Israel
06.2016 - 01.2017
B.A. in Accounting & Information Systems -
Jerusalem College of Technology (JCT), Lev Academic Center
09.2012 - 05.2016