Project: Interim Chief Financial Officer and Process
Improvement
Client: A nationally registered financial investment advisory
firm specializing in high net worth wealth management.
Company Size: Over $300 million in assets under management.
Summary: Engaged to review all accounting related activities
including: transaction reporting, accounting systems, financial
reporting, and relationships with outside professionals
Key Accomplishments:
- Recommended and installed a new general
ledger software system to achieve greater reporting and user
functionality, as well as allowing ability to download and
interact directly with banks and bank accounts. This resulted in
software license savings.
- Implemented significant changes to the
chart of accounts organization allowing for direct comparability
of financial results with industry benchmark data.
- Provided consulting for process
improvements and controls for company disbursements.
- Documented accounting and financial close
cycle by making recommendations to improve efficiency and reduce
cost. Developed standard financial reporting package for
monthly, quarterly, and annual reporting.
- Developed a dynamic all-inclusive three
year budget model that is assumption driven.
- Reviewed banking relationship and analyzed
cost benefits around an alternative bank relationship which
would result in cost savings.
Project: Corporate Financial Reporting
Client: Located in Minneapolis, Minnesota, a global leader in
providing next-generation enterprise software for businesses in the
hospitality and manufacturing sectors.
Company Size: $70 million
Summary: Engaged to work directly with the Corporate
Controller to complete a variety of requirements for the external
auditors and to provide a professional analysis for year-end
external financial reporting.
Key Accomplishments:
-
Identified previous fiscal year-end audit
adjusting journal entries and added to the financial reporting
system. Reconciled to the general ledger by reportable segment
prior to the start of the September 30, 2005 external audit.
- Completed financial statements and
footnotes including all related supporting schedules for the
fiscal year-end 10-K and the first quarter 10-Q for SEC
Financial Reporting.
- Provided critical financial and business
information to an external consultant (hired by the client) to
determine business valuation by reportable segment. Confirmed
that the financial and business assumptions made were reasonable
and accurate.
-
Reviewed and audited the corporate
accounting consolidation process ending elimination entries.
Focused on financial account analysis and reconciliation of
Investment in Subsidiary, Intercompany Receivables/Payables, and
Foreign Translation Adjustment.
Project: Interim Sr. Financial Analyst
Client: A fortune 500 company and one of the leading food
distribution companies in the United States located in Minneapolis,
Minnesota.
Company Size: $4.6 billion
Summary: Engaged to develop dynamic budget models and provide financial
analysis for the Retail Segment of one of the leading food
distribution companies in the United States.
Key Accomplishments:
-
Led and managed the collection of
information from retail operations, marketing, buyers, and
accounting areas for the Retail Segment 2006 budget. Used Excel
to develop dynamic budget models which were subsequently loaded
into Essbase.
-
Prepared critical analysis and
documentation of the existing budgeting process and served as a
consultant on the team to provide key process improvements.
-
Served as the accounting liaison to provide
ad-hoc reporting for Retail Segment Management. Analyzed lease
vs. buy and lease extension options for various retail stores.
-
Prepared Retail Strategy presentations for
the Senior Management Team offering analysis and vision for the
Retail Segment.
Project: Business Information Systems
Client: A large financial services company with product and
service offerings spanning automotive financing, commercial finance,
insurance and mortgage products, and real estate services.
Company Size: The 6th largest producer of residential mortgage
loans in the United States, producing approximately $133 billion in
residential mortgage loans in 2004.
Summary: Engaged to work on two major business
systems projects.
Key Accomplishments:
-
Automated reporting for the corporate
consolidated level to meet new timing and reporting
requirements.
-
Coordinated the processing of billing, cash
application, and collections for a new entity (which did not
have any systems) of customers for funding adjustments and
recapture fees.
-
Provided a consulting advisory role to
manage the projects, gather and define requirements, assist with
detailed business analysis, develop a schedule, establish a test
methodology and plan, and organize and manage the
implementation.
-
Automated reporting for the corporate
consolidated level from the current Hyperion Essbase database to
meet the new timing and reporting requirements. Reviewed and
updated Drivers, Metrics, and Reports while also automating a
data feed to Hyperion Essbase.
-
Designed a process to collect cash and
apply payments received on behalf of a new entity which did not
have any such financial systems.
-
Designed and implemented processing of
invoices to customers and coordinated roles between the two
entities. Developed a process to collect cash and apply payments
to open invoices using a new bank account.
Back to top
