Management Financial

OLGA C. ARNOLD

**** ****** ******* ****** ****: 832-***-****

The Woodlands, TX 77385 Email: ***********@*****.***

SUMMARY:

Over 20 years of experience (domestic and international) directing, developing and coordinating annual

budgets and financial operating plans as well as managing the day-to-day accounting and financial

operations. Exceptional ability in developing financial models, profitability analysis, financial forecast and

reports. Excellent skills setting short and long term goals, hiring and retaining highly productive individuals

and increasing productivity and financial improvements. Extensive management experience (100+

employees) as well as a strong background in applied statistics, graphical analysis and research. Advanced

in Microsoft Office Products (Excel, Word, Access and PowerPoint), SAP and other accounting and receivables

software such as Accpac and Abak.

CAREER HIGHLIGHTS:

• Increased company cash flow by reducing delinquent collections of invoices over 90 days to less than

1%.

• Re-organized the accounting department; set goals; implemented performance measures and

increased employee’s productivity at the same time reducing departmental and overhead costs.

• Directed, managed and coordinated the Houston Airport System operating and capital budgets

($350+ Million).

• Directed and managed the Houston Municipal Courts Administration (3rd largest in the US), cash

management and cash collection procedures of $70M annually.

• Configured, implemented and directed a paperless s system for the 3rd largest court in the US.

• Increased departmental revenues by 28%; prepared annual budget presentations; trained employees

in budget matters; conducted meetings and presentations.

Bilingual fluency in English/Spanish

Member of the City of Houston Enterprise Resources Planning (ERP) Steering Committee for SAP

WORK HISTORY:

CONTROLLER

Taylor and Hill, Inc. Houston, TX Feb/08 -

Present

Manage and direct all financial and accounting functions of the company including: budget and forecasting,

financial reporting, cash flow management, auditing, payroll, accounts payables, accounts receivables,

delinquent collections of the its Oil & Gas/Chemical clients, including:

• Manage, coordinate, prepare, consolidate and analyze all financial activities of the company

including the preparation of financial statements, financial planning/budget, forecast and other

financial reports.

• Provide advice and leadership to President and CEO of financial results, strategy, planning, of

company operations and capital purchases as needed. Provide analysis of operating results, establish

efficiencies and financial controls and advice of new process to maximize profit.

• Develop accurate revenue and expenditure forecasts and analyze variance against actual results.

• Generate/oversees and/or review the preparation of monthly financial statements, operating

statements, financial and bank reconciliations, and related reports to ensure their accuracy and

conformity with generally accepted accounting principles.

• Prepare and analyze cost benefit and financial models to ensure profitability when selecting and

negotiating with potential clients. Review and negotiate contracts and requests for proposals.

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• Direct company’s operations in absence of President/CEO absence. Acts as a liaison between clients,

banks, auditors, vendors, employees and others.

• Responsible for managing and controlling company's General & Administration Expenses, provide

strategies and solutions to reduce company's cost as well as strategies to maximize profits.

• Assist President & CEO with the management of other departments as needed.

• Establish minimum mark ups, evaluate and negotiate clients contracts.

• Interview potential employees, train and develop staff, set goals and prepare performance

evaluations.

Olga C. Arnold

FINANCIAL PLANNING/BUDGET DIVISION MANAGER

Houston Airport System – Bush Intercontinental Airport – Houston, TX

Apr/06 – Feb/08

Budget /Finance Division

Responsible for the management, coordination, implementation and monitoring of $300+ Million Annual

Operating and Capital Outlay financial planning/budget of the Houston Airport System (Bush

Intercontinental, Hobby Airport and Ellington Field). Forecasted airports revenue and expenditures,

generated financial reports and presented variance analysis to Director.

• Developed financial models to execute budgets of 50 different cost centers.

• Provided financial, technical advice and support to upper management of 50 cost centers.

• Managed and supervised the budget division and 6 budget analysts.

• Acted as a liaison between other departments, government agencies, airlines and the public.

ASSISTANT DIRECTOR /ASSISTANT CHIEF CLERK

City of Houston – Municipal Courts Administration – Houston, TX

Oct/99 – Apr/06

Finance/Public Service Divisions

Directed and managed the Finance/Accounting, Financial Planning/Budget, Accounts Payables, Fixed Assets,

Inventory, Procurement, Mail Payment and Public Service/Cash management divisions including direct and

indirect management of 100+ employees, 3 shifts and 7 days operations.

• Directed, managed, coordinated and monitored departmental budget expenditure of $17M and $50M

revenue from various funds.

• Implemented collections procedures to ensure proper reconciliations of over $70M in cash

collections in order to avoid theft.

• Prepared all financial reports, created financial and forecasts models, made financial

recommendations to Directors, set departmental financial controls and performance goals.

• Established, interpreted and enforced departmental policies and procedures.

• Directed the development, configuration and implementation of a new Integrated Case Management

System (ICMS), a paperless system designated to electronically process parking and traffic courts

matters.

• Developed profitability and cost/benefit analysis of the “Houston Cotswold Project”. Prepared cash

flow projections and analysis of the Cotswold project implementation.

• Acted as a liaison between department, vendors, Council Members and general public.

FINANCIAL ANALYST IV

City of Houston – Finance & Administration Department – Houston, TX

May/98 –Oct/99

Various Positions and Responsibilities

Prepared and monitored departmental budget, implemented performance measures and set section’s goals.

Manage the in-house collections section consisting of 16 employees.

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• Responsible for the revision and direction of the quality control team of the FY97, FY98 and FY99

Citywide adopted budgets.

• Analyzed and evaluated proposals and provided financial recommendations and solutions to Director.

• Researched and prepared the economic outlook, economic indicators, forecast and graphical analysis

presented in the 1999 City of Houston Adopted Budget.

MANAGER OF PLANNING AND FORECASTING

Mellon Mortgage Company, Finance Division – Houston, TX

Jun/97 –Apr/98

Directed and monitored the annual operating plan of $55.1 billion residential portfolio, analyzed variances

and generated reports. Provide financial results to executive management and parent company.

• Supervised 3 financial analysts implement performance measures and set sections goals.

• Prepared a profitability analysis of the residential servicing portfolio.

• Analyzed different reinsurance proposals, developed financial models for profit enhancement.

Olga C. Arnold

FINANCIAL ANALYST II & III

City of Houston – Finance & Administration Department – Houston, TX

May/93 –6/97

• Prepared and analyzed the City’s Debt Service budget, Debt Service forecast, transfers, payments,

schedules, cash flow and graphical analysis.

• Compiled and review proposals from investment bankers and data from financial advisors and others.

• Researched and prepared the economic outlook, economic indicators, forecast and graphical analysis

presented in the 1999 City of Houston Adopted Budget.

• Researched, analyzed and prepared the financial and economic impact to the City of Willowbrook and

Kingwood annexations.

STATISTICAL ANALYST

Houston Airport System – Finance Division – Houston, TX

Oct/91 – Apr/93

• Prepared the monthly and annual statistical reports for the Houston Airport System (Bush

Intercontinental, Hobby Airport and Ellington Field).

• Prepared and analyzed graphical data related to the department.

• Assisted in the preparation of Annual Operating Budget.

INTERNATIONAL WORK HISTORY (Latin America):

ACCOUNTANT/ANALYST Feb/79 – Jun/88

Banco Central de Honduras (Federal Reserve Bank). Tegucigalpa, Honduras.

Various Departments

Developed and implemented marketing studies for the Fiberglass, Metal Screen and Ceramic industries in

Honduras. Monitored, reconciled and audited the monthly financial statements and annual banking

operations of 9 of the 25 commercial banks in the country.

• Prepared financial and statistical reports for the banking system in Honduras.

• Promoted small and medium-size companies and developing industries.

• Assisted small family-owned business with their accounting and financial records and reports.

• Counted, verified and audited the issuance of money.

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EDUCATION:

Master of Science in AgriBusiness Economics May/1991

Southern Illinois University at Carbondale - Carbondale, IL

Thesis: Macroeconomic Conditions that Affected Profitability in the U.S Agricultural Sector, 1960 – 1988.

Awards: Research and Teaching Assistant Scholarships

Bachelor's of Science in Economics Jun/1984

Universidad Nacional Autónoma de Honduras - Tegucigalpa, Honduras.

Tesis: Problemas Económicos de la Vivienda Urbana en Honduras.

Managerial and Public Accounting (Perito Mercantil y Contador Público) Dec/1979

Instituto Guillen Zelaya & Instituto Sagrado Corazón – Tegucigalpa, Honduras

OTHERS:

Professional Certification: Certified Management Accountant (CMA) certification - Expected completion June

2013

References: Available upon request

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