Management Real Estate

Leonard D. Powell, CPA

**** ********* ****** ( Concord, NC 28027 980-***-**** (

*****.******@****.***

PROFESSIONAL PROFILE

Executive possessing a unique blend of financial expertise, operational

perspective, exceptional communication skills, and leadership, who focuses

on both short and long-term goals while working as a business advisor to

senior management. An outgoing and personable leader, who partners with

operational personnel to ensure strategic imperatives are prioritized and

executed. Adept at providing relevant, timely and realistic financial and

operational data resulting in a more robust bottom line profit. A strong

and effective negotiator establishing positive long term relationships with

lenders, investors and other outside vendors that will lead to expense

reduction while leaving the organization in a stronger position

financially with visions of growth for the future. Controller and CFO

experience, with startup and growth-driven companies, multi-state and multi-

location corporations as well as strategically organizing multiple LLC's.

Adept at creating meaningful financial and operational reports, forecasts

and budgets while overseeing and maintaining compliance with contractual

and legal obligations. Big 4 Public CPA experience.

Accomplishments

. Designed the reporting and accounting structure that allowed company

to grow from a single location into a multi-state, 5 division

organization, including a corporate office while increasing annual

closings from 300 units to over 1300 closings and revenue from $30mm

to over $200mm in annually.

. Prevented the purchase of over $40 million worth of overpriced lots by

identifying lot need trends early in the economic downturn.

. Trimmed overhead 50% in 2009 by identifying necessary cuts and working

with division managers to implement the needed changes.

. Cut bank fees by over $1.5 million by altering lending structure with

banks.

. Saved over $1 million by negotiating lower interest rates with

lenders.

. Increased, by $20 million, the lines of credit at the start of the

credit crunch.

. Established compensation plans for top management including a deferred

comp plan.

. Reduced stale assets by 60% by working with operational management in

detailed analysis and disposal planning.

. Created bi-monthly Executive Summary incorporating Company's financial

status, achievements and goals for delivery to both management and

external lenders which contributed to retaining lines of credit during

the economic downturn.

PROFESSIONAL EXPERIENCE

EASTWOOD CONSTRUCTION, Charlotte, NC 1998-

2010

Chief Financial Officer

Responsible for all financial and accounting responsibilities, in

accordance with GAAP and an integral part of the Senior Level management

team making daily decisions that affected operations and profitability of

the organization. Developing and maintaining company documentation and

guidelines.

. Performed monthly and quarterly analysis on financial statements and

operational results, comparing actuals to budget and prior year's

performance. Performed quarterly reviews with Division Presidents and

management personnel summarizing fluctuations and trends. Providing

feedback and guidance to management so they could adjust their

business practices to achieve corporate and division goals. Reconciled

all accounts and variances.

. Budget and forecasting process with timely update and dissemination of

information to divisional and corporate personnel to quickly respond

to changing market place.

. Prepare monthly, quarterly and annual reports and financial statements

for both internal and external users. Prepare ad hoc reports to

investigate unusual items and trends and to create "what-if" scenarios

to help guide business decisions.

. Coordinate all audit support, documentations and reviews with outside

auditors. Review audit reports and footnotes prepared by auditors for

accuracy. Ensure the integrity of all data.

. Responsible for Human Resources, payroll processing, and 401K and

medical benefit plans.

. Training and development of staff with strong encouragement for

personal growth.

. Also performed CFO duties for sister companies of Eastwood Development

(a land development company) and Clinchfield Capital (a mortgage

origination company).

INSIGNIA FINANCIAL GROUP, INC, Greenville, SC

1997-1998

Accounting Manager

. Supervised staff of six auditors and accountants who prepared

financial statements for property owners and investors as part of

firm's property management team.

. Served on various committees implementing new computerized software

systems. Participated in national beta test to submit HUD filings via

the Internet. Only 1 of 3 to successfully complete submission.

CENTEX HOMES, Columbia, SC & Titusville, FL

1987-1997

Division Controller

. Performed all accounting and human resource activities at the division

level

HARCOURT BRACE JOVANOVICH, Orlando, FL

1986-1987

Senior Internal Auditor

. Exposure to Insurance, Hospitality Industry and Publishing

ARTHUR ANDERSEN & COMPANY, Louisville, Kentucky

1983-1986

Senior Auditor

. Experience included banks, education, utilities, real estate,

manufacturers, energy

EDUCATION

Bachelor of Science in Accounting, University of Kentucky, Lexington,

Kentucky

PROFESSIONAL LICENSES

CPA -North Carolina, Florida & Kentucky

Brokers Real Estate License - NC and SC

Notary Public - North Carolina

SOFTWARE SKILLS

Timberline Accounting Software, Quickbooks

Excel, Word, Access, Powerpoint (Microsoft Suite) ADP & Ultimate Software

(Payroll Processing)

COMMUNITY SERVICE

NPower-Finance committee (Non-Profit provider of IT services to other Non-

Profits)

TAX AND ADVISORY EXPERIENCE

Experience with small and medium sized business start-ups, family owned

companies, change-management, software evaluation and implementation.

Preparation of personal and business tax returns, S-corp, C-corp and

partnership taxes, K-1's, payroll tax withholding, unemployment taxes.

Total small business accounting and tax services.

Contact this candidate