Derek Coleman

Senior Consultant III at Armanino

Salt Lake City Metropolitan Area

About

Nine years of progressive finance and accounting experience across public accounting, publicly traded manufacturing, and founder-led business, with a consistent belief that the finance function should be additive to execution and not just reporting what happened. Currently a Senior Consultant at a Top 20 public accounting firm, working alongside seasoned CFOs across four-plus years and dozens of engagements in SaaS, manufacturing, construction, biotech, and professional services. Core work involves standing up institutional-grade finance functions inside growing mid-size companies that have outgrown basic bookkeeping. Cash flow forecasting, financial statement modeling, management reporting, and M&A support across industries where financial clarity drives high-quality decisions. Also developed internal client retention and recurring revenue analysis for the firm itself, identifying trends in client longevity and revenue concentration. Prior to consulting, spent two years as a cost accountant at a publicly traded contract manufacturer covering inventory valuation, fixed asset accounting, product costing, and site-level financial reporting. Worked closely with program management to achieve strong margin improvement. Recognized for cross-functional communication that gave operations leadership a clear financial picture and honest feedback on the viability of their initiatives. Earlier career began inside a founder-led brewery, building the financial infrastructure from the ground up. Reporting, analysis, and cash flow management that helped the business turn cash-flow positive and gave ownership the visibility to make better decisions. The through line across all of my roles is finance that actually serves the business.

Experience

  • Senior Consultant, Strategic Finance Outsourcing at Armanino
    Dec 2021 - Present · 4 yrs 7 mos

    I’m part of Armanino’s Strategic Finance Outsourcing practice, where I work alongside seasoned CFOs building finance functions for companies ranging from $20M startups to $2B enterprises. My deepest work has been in SaaS and manufacturing, which is a combination that started with cost accounting at a publicly traded contract manufacturer and grew through dozens of client engagements. Some work I’m proud of: • Forecasting and business unit contribution analyses that drove $600K+ in improved annual EBITDA for a multi-line SaaS company; ASC 606 reporting and modeling • Financial forecasts and fundraising materials behind $20M+ in equity and grant capital raised • Financial due diligence supporting a $120M acquisition • Leading the client relationship and team on a turnaround engagement, with weekly cash flow forecasts that told ownership exactly when outside cash was, and wasn’t needed • A three-statement strategic forecast a nonprofit board used to evaluate $200M in investment projects • Weekly 13-week cash flow consolidation and monthly PE reporting for a $500M multinational manufacturer I’ve also pushed our practice forward on AI — automating cash flow updates and month-end close prep (10+ hours saved per month per engagement) and building niche analytical dashboards that are easy to implement and update. Hands-on with NetSuite, Sage Intacct, QuickBooks Online, Acumatica, Workday, Ramp, Bill.com, and Power Query.

  • Cost Accountant at Benchmark
    Jan 2020 - Dec 2021 · 2 yrs

    Primary site Financial Analyst working closely with the General Manager and Site Senior Leadership to maintain financial focus across all departments including Program Management, Supply Chain, and Operations. I prepare general ledger entries and work on preparing site and division financial statements and provide analysis for the General Manager. Strong month-end close experience. Involved in Lean Kaizen initiatives. Experienced in financial audit and SOX compliance.

  • 2 Row Brewing (Greater Salt Lake City Area)
    • Business Analyst
      May 2017 - Jan 2020 · 2 yrs 9 mos

      • Analyze production information to produce forecasts of raw material usage and other production factors, which increased capacity by 14%. • Developed Revenue and Cost proforma to provide to investors for an upcoming expansion project ( $500,000 Equity Round ). • Develop cost models for new and existing products and provide profitability analysis. • Build models projecting future projects which led to a strategic partnership with a prominent distributor, which has grown revenue 7% in the first quarter. • Designed a capacity utilization model which dramatically refined the production process and guides decisions on new capital expenditures.

    • Bookkeeper
      Jan 2017 - Jan 2020 · 3 yrs 1 mo

      • Record every transaction and prepare quarterly financials and provide analysis. • Learned QuickBooks and fixed flawed accounting records.