Manufacturer of commercial lawn mowers and related accessories, revenues $30 million, 150 employees.
Budget and Staff: Managed budget of $300,000 and staff of 2. Reported to CFO.
Priority: Oversaw all financial processes and financial reporting
Activities: Oversaw month end close, forecasting, cash management, accounts receivable, credit approval, collections, accounts payable, payroll, insurance, 401k plan administration, annual audit and income tax reporting.
Pioneering Achievements: Obtained company’s first Financial Statement Review and first Audited Financial Statements. Developed standard process to cost all major product lines.
Finance Improvements: Stabilized and documented financial system and processes. Secured $1 million in capital lease financing for major production expansion.
Recognition: Expanded responsibility to include IT Department.
Cost Control: Recovered $220,000 refund interest overcharges through 6-month analytical project, developing analytical models which verified interest calculations on thousands of records. Implemented new accounting system which saved $20,000/year.
Process Improvement: Reduced closing cycle from two weeks to four days and produced more relevant financial statements and analysis of key performance indicators by setting up standard journal entry system, preparing timely account analysis, automating journal entry and financial statement preparation, and expanding use of accruals.