Sales Accounting
Resume:
S EAN H E RBRAND, CPA
ST. CHARLES, I L L I NO IS 60174
Home 630-***-**** / Cell 630-***-****
*********@*******.***
CFO/ CONTROLL ER/SEN IOR F I NANCE EXECU T I V E
Operationally-oriented Certified Public Accountant with multi-industry experience building, strengthening and leading the
corporate accounting and finance functions for capital-intensive companies in various start-up, turnaround, stable and high
growth situations. Demonstrated ability to quickly learn the intricacies of diverse industries and make immediate
improvements on cash flow, cost reduction, planning, reporting and controls.
Comprehensive in-depth experience across all corporate finance, accounting, treasury and MIS functions. A hands-on,
responsible team player, with sound business judgment complemented by a comprehensive financial and analytical
background. Experienced in managing all aspects of accounting and administrative activities. Particular strengths are
completing multiple priorities including:
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Financial reporting - Accounting Operations - Treasury Functions - Forecasting - Human Resources
Financial Analysis - Training and Mentoring Staff - Strategic Planning - Internal Controls Policies
Bank and Legal Relationship - Insurance Administration – MIS Functions
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PROFESSIONAL EXPER I E NCE
D H Homes, I nc d/b/a Da r tmoor Homes –VP-Controller- Schaumburg, I L December 1996 –
P resent
Privately Held Residential developer and builder with $500 million in sales over the last twelve years and $194 million in
total assets.
• Managed the day to day accounting operations with total assets under management that grew from $8 Million to over $194 Million.
Preparing financial statements for thirteen affiliated corporations, established opening balance sheets, determined account
classifications, reconciled bank accounts, managed accounts receivable and payables, inventory costing, collections, fixed assets,
payroll, loan liabilities, intercompany activity, prepared journal entries and monthly closings. Authorized check signer for all
corporations.
• Created project cash flow projection for each venture bringing together management, marketing, purchasing, land development, and
construction assumptions that enabled the company to evaluate project profitability and obtain over $250 million in bank, bond, and
mezzanine financing. Updated all cash flow projection regularly based on historic and economic conditions. Analyzed residential
project cost for all developments. Total bank debt grew from $5 Million to over $145 Million outstanding. Total mezzanine
financing grew from $1.5 Million to over $41 Million.
• Communicated regularly with both national and local banks regarding subdivisions’ loan status, new and refinanced loans, sales
backlog, starts and closings, and cash flow projection.
• Prepared all land development and construction draws for submitted to our bank, title company and inspectors in payment of all
subcontractor costs. Work with Software Company to develop a sworn statement to streamline the draw process for Company.
• Managed payroll for the company through an outside payroll service implementing direct deposits, expense reimbursements, and
flexible savings accounts. Reviewed all yearly and quarterly payroll tax returns.
• Administrated insurance for both corporate and family medical. Responsible for choosing corporate coverage based on
requirements from banking, contracts and leased obligations.
• Developed and managed the execution of effective accounting policies and procedures based on existing staff levels. All
administrative staff employees were trained, mentor, and developed under my leadership to assume position within other
departments of the Company.
• Purchased ERP System Software and managed required technology to support business goals.
• Communicated with company attorney regarding lawsuit management, customer closings and real estate tax allocation and vender
discrepancies related to the business.
• Provided strategic financial input and leadership on decision-making issues.
• Prepared Consolidated Financial Statements including intercompany elimination entries.
Softnet Systems, Inc -Lake Forest, IL April 1995 - December 1996
Publicly Traded Parent Company with divisions that provide Integrated Imaging and Telecommunication solutions with $44 million in
annual sales, $40 million in total assets and listed on the American Stock Exchange as “SoftNet”.
Corporate Controller - April 1996 - December 1996
• Prepared quarterly financial statement report for filing directly with SEC.
• Prepared monthly-consolidated financial statements.
• Coordinating the conversion of accounting system to produce internal financial statements.
• Prepared consolidated budgets, which included corporate and five subsidiaries.
• Prepared projections for future acquisitions based on various assumptions.
• Prepared consolidated corporate tax return and final tax returns for subsidiary purchased through acquisitions.
• Administrated NT Network system, including implementation of security and backup of all database files on the network.
Controller, Communicate Direct, Inc. - April 1995 - March 1996
• Prepared monthly financial statements, established opening balance sheet for new subsidiary, determined account classifications
and reconciled month end balance sheet accounts.
• Prepared first fiscal budget for new subsidiary based on sales and operation assumptions.
• Coordinated conversion of ERP Software System to follow telecommunication industry standards.
• Managed 11 employees and all phases of accounting and administrative department.
• Developed proper internal control for new subsidiary for existing staff levels.
• Prepared payroll using on-line computer system for 85 employees. Rebuilt ADP payroll system from biweekly to semimonthly
payroll. Authorized check signer.
• Liaison with outside auditor and organized first complete audit of new subsidiary. Reduced proposed auditors fee by 50%.
• Managed cash receipts and disbursement activities based on priority.
• Appointed a key member of the management team to organize new subsidiary and relationships. Elected Assistant Secretary of
Communicate Direct, Inc. by SoftNet Board of Directors.
Lord &Essex, Inc - Controller - Aurora, IL October 1994 – March 1995
Residential developer and builder with $15 million in annual sales.
• Prepared financial statements for three affiliated corporations, established opening balance sheets, determined account
classifications, reconciled bank, accounts payable, customer deposits, and loan liabilities each month.
• Prepared Federal and State payroll tax returns.
• Liaison with bank, subcontractors and Title Company.
• Prepared first fiscal budget for company.
• Developed proper internal control for existing staff levels.
• Purchased and implemented ERP Software System for homebuilders.
• Purchased equipment to run the network.
DH Homes, Inc. - Controller - Schaumburg, IL. April 1990 - October 1994
Residential developer and builder with $30 million in annual sales.
• Prepared financial statements for seven affiliated corporations, established opening balance sheets, determined account
classifications, reconciled bank, accounts receivable and payable, customer deposits, and loan liabilities each month. Authorized
check signer for all corporations.
• Reduced outside accounting fee by $60,000.
• Prepared Federal and State corporate (including consolidated) and payroll tax returns.
• Liaison with bank, subcontractors and Title Company.
• Communicated with company attorney on issues to the business.
• Analyzed residential project cost for all developments.
• Prepared projections based on marketing and land development assumptions.
• Developed proper internal control for existing staff levels.
• Administrated insurance for both corporate and family medical.
• Purchased and implemented ERP Software System. Upgraded network system and equipment.
• Prepared Federal and State individual tax returns for owners, including preparation of personal financial statements required for
bank financing.
Eric J. Fernandez & Company – Audit Manager - West Dundee, IL May 1985 - April 1990
Certified Public Accounting Firm.
• Administer and reviewed all firm audit engagements.
• Reviewed Federal and State corporate, partnership, individual and payroll tax returns.
• Prepared computer compiled financial statements and general ledger for various clients.
• Performed tax planning for corporate and individual clients.
• Prepared defined contribution plans for I.R.S. determination.
• Prepared required corporate documentation for N.O.L. acquisition and liquidation.
• Developed computer spread sheets for client uses.
Grant Thornton – Audit Supervisor - Elgin, IL June 1980 - May 1985
Certified Public Accounting Firm.
• Audited, supervised and prepared financial statements of clients in various industries.
• Performed review and compilation services.
• Prepared Federal and State corporate, partnership and individual tax returns.
Administered, reviewed and performed payroll audit services for various pension and welfare plans
PROFESSIONAL AFFILIATIONS
American Institute of Certified Public Accountants
Illinois State Society Certified Public Accountants
NIU Alumni Association-College of Business
EDUCATION
Northern Illinois University, Bachelor of Science - Accountancy
Certified Public Accountant Lic. No. 239-020872
NIU Student Accountancy Society-President
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