David Allsteadt, CPA
**** ********** ***** ? Marietta, Georgia 30062
404-***-**** ? abhh9q@r.postjobfree.com
SUMMARY
Strategically focused finance and accounting executive experienced in
developing and implementing creative financial solutions that enhance and
grow bottom line performance. Leverage business acumen and financial
analysis skills to improve profit performance through combination of
revenue enhancement and cost control. Trusted leader with ability to
positively influence senior and staff level employees across all functions
within an organization for achievement of company objectives.
Areas of expertise
Big 4 Manager Management Reporting Financial Statement
System Conversion Financial Strategy Preparation
Forecast and Budget Operations Acquisition Due Diligence
Merger Integration
professional EXPERIENCE
coldwell banker residential brokerage, Atlanta, GA 2001-2011
Director of Finance
Senior financial executive for $150 million, 24 sales office, 1,200
independent sales agent, wholly owned real estate brokerage subsidiary of
Fortune 500 company, Realogy. Direct responsibility for preparation of
month end and year end financial reporting package, quarterly SOX audit and
certification, annual budget, and weekly and monthly financial forecast.
Directly managed 11 employees in Accounting, Human Resources, Facilities,
and Information Technology
. Increased revenue by $6 million by creation and implementation of sales
commission income exception reporting system
. Improved gross margin to 38% in 2010 from 32.5% in 2001 through
development and implementation of sales agent commission payout exception
reporting system
. Reduced agent accounts receivable days outstanding by 27% through
creation of monthly branch aging report
. Reduced marketing spend to 3.2% of gross revenue from 4.7% working with
marketing staff to substitute targeted internet advertising and Search
Engine Optimization as substitute for print marketing
. Created dash board reports in Excel accessible to field sales office
management 2 days sooner than system generated reports
. Reorganized accounting department by geography to improve branch office
response times and customer service
. Converted general ledger package to Oracle from Epicor resulting in
reduced maintenance expense and improved processing times
. Performed acquisition due diligence and merger integration for 18 office,
750 independent contractor real estate brokerage with $50 million of
gross revenue
. Selected by senior management to develop database standards for real
estate transaction management system, resulting in timely and
standardized national operations reporting
. Project manager for complete rewrite of ColdwellBankerAtlanta.com
website, resulting in 48% increase in leads assigned to sales agents
. Created local Coldwell Banker Cares Foundation, which donated over
$900,000 to Atlanta area charities since inception in 2005
arvida realty services, Clearwater, FL 1995-2001
Controller
Financial executive for $300 million revenue full service real estate
brokerage division with fully owned mortgage and title subsidiaries of
Fortune 500 The St. Joe Company. Direct responsibility for preparation of
monthly and annual consolidated financial statements, annual budget, and
cash forecasting. Managed 35 employees in accounts receivable, accounts
payable, general ledger and property management.
. Worked with outside accounting firm on annual audit and partnership tax
return, including preparation of supporting workpapers, draft financial
statements and notes, completed on timely basis without extension
. Implemented and managed cash arbitrage lending relationship on $50
million escrow account, resulting in $2 million of interest income
annually
. Performed acquisition due diligence and merger integration on numerous
real estate brokerages up to $25 million in gross commission income with
6 sales offices and 250 sales agents
price waterhouse, Tampa, FL 1987-1995
Manager, Financial Services Practice Group
. Performed GAAP, GAAS, and Yellow Book audits of public clients in the
banking, mortgage banking, homebuilding, real estate, financial brokerage
and not for profit industries
. Work with client financial reporting staff on SEC reporting documents,
including Forms 10-K, 10-Q, and S-1
. Developed feasibility studies and development plans for construction of
stadiums, arenas and convention centers.
EDUCATION
BA, Accounting, University of South Florida,
Tampa, FL
Beta Alpha Psi, Accounting Honor Fraternity
Completion of fifth year requirement for CPA Exam status, University of
South Florida,
Tampa, FL
licenses
Passed Uniform CPA exam, first sitting
Georgia Licensed CPA and Florida Licensed CPA
Georgia Licensed Real Estate Agent
computer SKILLS
Microsoft Excel, Outlook, Word, PowerPoint; Oracle General Ledger, Accounts
Payable, Discoverer; Epicor; Trident; Soflex; Cognos Enterprise Planning;
Cognos Report Writer
affiliations
American Institute of Certified Public Accountants, Georgia Society of
Certified Public Accountants, Florida Institute of Certified Public
Accountants
Assistant Scoutmaster, Boy Scout Troop 1134, Roswell, Georgia