Salt Lake City, Utah, United States
Brought in to leverage previous experience in standing up financial infrastructure, processes, and procedures, troubleshooting underperforming organizations, recommending, and implementing ROI-focused action plans to assist this B2B machinery company with a major turnaround. - Reporting directly to Board of Directors, provided key assistance during 7-month executive search for new President - Immediately upon hire refinanced company debt and real estate, including new 7-figure Line of Credit. Identified errors in calculating fixed charge coverage and quickly secured favorable lending after company had previously been turned down by a dozen other banks - Prepared and presented quarterly board meeting presentations and weekly board of directors communication - Led executive team to establish and track weekly progress and accountability for goals and OKR’s - Increased EBITDA and Profit Margin by closely monitoring sales bids before releasing bid to send to customers - Created accountability and feedback company-wide by tracking performance and profitability at contract completion - Hired outside accounting and auditing firm after competitive bid and interview process - Interviewed and hired corporate counsel. Worked directly with counsel to draw up entity documents, review loan agreements, and revise sale contract terms and conditions - Introduced treasury policies and controls including excess funds investment, multiple check signers, ACH and wire transfer authorizations and limits, positive pay, and sweeps to investment account - Secured insurance bids and negotiated corporate policies and renewals including D&O, Liability, Property, Earthquake, Workers Comp, Vehicles, Cyber Insurance - Researched, evaluated, and hired Professional Employer Organization (PEO), third-party fractional recruiter, and vendors as needed - Recruited, hired, and managed accounting, purchasing, and administrative staff
- Member of executive team reporting to CEO - As part of ERP replacement team, compared business needs to leading software packages including NetSuite, Sage, Epicor, and Microsoft Business Central, eventually selecting Microsoft BC in conjunction with Experlogix configurator - Led finance data design for implementation of new ERP - Prepared MD&A documents and distributed discussion of financial performance to Directors and Investors - Presented performance and projections at regular board meetings - Provided ad-hoc analysis as needed for Directors and Investors - Performed flux analysis of financial statements and accounts - Secured multiple multi-million dollar traunches of private investment and lending. - Applied for and secured $4 million ABL Line of Credit at Celtic Bank to refinance private debt. - Applied for and secured $6 million ABL Line of Credit with JP Morgan Chase at greatly improved rates to refinance Celtic Bank Line of Credit - Managed semi-annual bank collateral audits - Applied for and secured PPP loan and forgiveness - Selected internal audit firm after securing and comparing bids - Prepared disclosure statements - Provided all data and led company through first audit, with no significant findings - Worked with auditor to manage annual full physical inventory count - Developed capital plan and CAPEX budgets - Set up capitalization and depreciation policies for fixed assets - Negotiated bids for all corporate insurance and renewals including D&O, Liability, Umbrella, Real and Personal Property, Vehicle Fleet, Workers Comp, and Cyber policies. - Negotiated employee benefit renewals - Secured filing and removal of mechanic’s liens for unpaid receivables - Selected accounts to send to outside counsel, then prepared case, gathered evidence, and gave testimony for collections lawsuits - Established credit limits and collection policies in coordination with Euler Hermes credit insurance - Implemented commission calculation system for dealer salespeople
- Hired all new accounting staff, finding the most expertise possible at a rate we could afford. - Built processes and systems for monthly reconciliation and review of balance sheet accounts in preparation for company’s first audit. - Strictly controlled cash flow and spending for company in turnaround status. - Set up corporate credit cards and purchasing cards - Designed reports and queries to extract data from Infor Visual Manufacturing software - Analyzed purchase price variances and material costs - Prepped bill of material and cost analysis - Performed gross margin analysis - Managed finance and accounting team - Mentored accounting employees - Prepared and provided performance reviews and wage increases - Dispensed and documented employee discipline and terminations
- Reduced two days from month end close by automating and systematizing reconciliation processes. - Reconciled Cash, Accounts Receivable, Accounts Payable, Fixed Assets, CIP, Prepaids, Purchasing Cards, Bad Debt Allocations - Renegotiated credit card merchant processing, saving over $90k in fees annually. - Reconciled financials for 8 subsidiary divisions with 8 separate software systems including Microsoft Great Plains, McLeod LoadMaster, Rocksolid REMS and Webship, TCS Tire Power, and Bayside Cadence Factorsoft.
Financial Analyst 2010-2013 - Designed a powerful price estimating tool to improve communication and accuracy of labor estimates. Model is so popular it has been adopted by several other departments for forecasting capital expense purchases and hiring plans. - Streamlined preparation of headcount and hiring plan analysis, reducing preparation time by one week. Staff Accountant 2005-2010 - Analyzed and reconciled costs and billings for projects totaling $1.7 billion per year - Led a one-year interdepartmental project, reconciling $14 million of mismatched inventory transactions. - Prepared sales and use tax for locations in 9 states. - Researched and contested a sales tax audit, reducing $2.1 million fee to $120 thousand. - Strengthened financial data integrity by designing daily SQL processes to actively seek out data errors in Oracle databases caused by users and system inadequacies. - Worked with programmers to design, implement, and test system improvements.