Matthew Pennisi

Director of Accounting
Culver City, California, United States

Professional Overview

Matthew Pennisi is an accomplished accounting and finance professional with over 12 years of experience in the retail and technology sectors. As the Director of Accounting at both Fabletics and TechStyleOS, he is responsible for overseeing all aspects of the accounting function, including financial reporting, budgeting, and internal controls. Pennisi's expertise spans financial analysis, process optimization, and strategic decision-making, enabling him to drive operational efficiency and support the growth initiatives of his organizations.

Experience Summary

Current Roles

Director of Accounting, Fabletics (2023-10-01 to Present)

• Provide strategic leadership and oversight for the accounting department, ensuring accurate and timely financial reporting

• Implement process improvements and automation to enhance productivity and data integrity

• Collaborate with cross-functional teams to support business growth and achieve financial targets

Director of Accounting, TechStyleOS (2023-10-01 to Present)

• Manage a team of accounting professionals and oversee all accounting operations, including general ledger, accounts payable, and accounts receivable

• Develop and monitor key performance indicators to identify opportunities for cost savings and operational improvements

• Serve as a strategic partner to the executive team, providing financial analysis and recommendations to support decision-making

Career Progression

Senior Accounting Manager, Fabletics (2020-12-01 to 2023-10-01)

• Spearheaded the implementation of a new enterprise resource planning (ERP) system, resulting in a 25% reduction in manual data entry tasks

• Streamlined the month-end close process, reducing the time to close by 30%

• Played a key role in the company's transition to a new accounting software platform, leading to improved data accuracy and reporting capabilities

Senior Accounting Manager, TechStyleOS (2019-07-01 to 2023-10-01)

• Oversaw the accounting and financial reporting for multiple business units, ensuring compliance with accounting standards and internal policies

• Developed and implemented a comprehensive internal controls framework, enhancing the organization's financial risk management

• Participated in the integration of two acquired companies, ensuring a seamless transition of accounting and financial systems

Accounting Manager, TechStyleOS (2017-07-01 to 2019-07-01)

• Managed a team of accountants responsible for general ledger, accounts payable, and payroll processing

• Played a key role in the development and implementation of a new budgeting and forecasting system, improving the company's financial planning capabilities

• Identified and resolved accounting discrepancies, leading to enhanced data integrity and decision-making

Assurance Manager, PwC (2011-08-01 to 2017-07-01)

• Conducted financial audits for clients in the retail and technology industries, ensuring compliance with accounting standards and internal controls

• Advised clients on complex accounting issues and recommended process improvements to enhance financial reporting and operational efficiency

• Mentored and trained junior members of the audit team, contributing to their professional development

Academic Background

Pennisi holds a Bachelor of Science in Accounting from Binghamton University, State University of New York, where he graduated with Magna Cum Laude honors. He is a Certified Public Accountant (CPA) and has completed various professional development courses in financial management, data analytics, and leadership.

Areas of Expertise

• Financial reporting and analysis

• Accounting systems implementation and optimization

• Internal controls and risk management

• Budgeting, forecasting, and strategic planning

• Cross-functional collaboration and team leadership

• Process improvement and operational efficiency

Professional Impact

• Spearheaded the implementation of a new ERP system at Fabletics, resulting in a 25% reduction in manual data entry tasks

• Streamlined the month-end close process at Fabletics, reducing the time to close by 30%

• Developed and implemented a comprehensive internal controls framework at TechStyleOS, enhancing the organization's financial risk management

• Participated in the integration of two acquired companies at TechStyleOS, ensuring a seamless transition of accounting and financial systems

Conclusion

With his strong technical expertise, strategic mindset, and proven track record of driving operational improvements, Matthew Pennisi is well-positioned to continue making a significant impact in the accounting and finance function. As he progresses in his career, he remains focuse