Sales Accounting

Nathan J. Fausett, CPA

**** ***** *** **** ****, Utah 84043 Home: 801-***-****, Cell: 801-***-**** *********@*****.***

Experience: Brighton Real Estate (406 Partners) (Jan 2008 – Present)

CFO (Controller)

Jan 2008 – Present

• Collaborated with IT to implement cash receipt application tool to apply cash receipts more

accurately and more efficiently that resulted in saving company thousands of dollars.

• Assisted in implementation of system enhancements including new construction project

tracking system and online accounts payable approval process saving company significant man-

hours.

• Collected $100K+ of old receivables within first several months of starting with this company.

• Created new income statement by client for management to better understand profitability of

each client and for new client selection.

• Manage accounting department (up to 8 people) including all facets of accounting for REO

management company.

• Review monthly financials for accuracy, reasonableness, and accordance with GAAP.

• Responsible for comparing financials to budget and explain variances.

• Monitor and improve internal controls of the Company to safeguard company assets including

improving cash receipt process to ensure segregation of duties.

MDC Holdings, Richmond American Homes of Utah (Aug 2002 – Jan 2008)

Director of Finance

Oct 2005 – Jan 2008

• Managed accounting department (up to 10 people) for one of the largest homebuilders in

Utah including all facets of accounting/finance of fast growing, profitable homebuilding division

(over $275 million in revenue) in publicly held company

• Prepared detailed monthly forecasts and quarterly business plans that helped Utah

homebuilding division set records in net income and close over 900 homes in one year.

• Worked with VP of Land to create proforma projections to analyze discounted cash flow, ROI,

and NPV for land purchases and subdivision performance which resulted in purchasing several

subdivisions yielding greater than 20% gross profit.

• Worked closely with VP of Land Development to analyze and monitor multi-million dollar

land projects to ensure they were completed on time and within budget.

• Assisted Division President in successfully presenting monthly forecast and quarterly business

plans to Executives of company to ensure continued capital to support the significant growth of

the Utah homebuilding division.

• Supervised and completed month end and quarter end closes according to quick close deadlines

which enabled company to be first to release earnings to public.

• Reviewed monthly financials for accuracy, reasonableness, and accordance with GAAP

• Worked closely with Division President and all departments in the Division to improve

procedures and profitability of the Division

• Monitored and improved internal controls of the Division to ensure compliance with Sarbanes

Oxley guidelines.

Controller

Feb 2004 – Oct 2005

• Managed day-to-day accounting for one of the largest homebuilders in Utah with revenues at

$200 million.

• Responsible for and completed month end, quarter end, and year end closes by company tight

deadlines 100% of the time.

• Responsible for preparation and review of financial statements in accordance with GAAP and

reconciled all balance sheet accounts by close deadline each month.

• Performed budget to actual cost comparisons for all house jobs to maximize profitability on

each home and ensure all extra costs were understood and minimized.

• Prepared personal property tax and sales and use tax returns.

Nathan J Fausett, CPA – 801-***-**** – *********@*****.*** – 3244 North 560 West Lehi, UT 84043

• Created profitability template for all house jobs to allow for more informed decisions by sales

management for accepting sales.

• Satisfied all internal auditors and external auditors requests timely and accurately.

Financial Analyst (MDC Holdings Corporate Office)

Aug 2002-Feb 2004

• Prepared proforma financial projections and other due diligence work to acquire new

homebuilding divisions (analyzed discounted cash flow and ROI).

• Performed quarterly impairment analysis on all subdivisions in all homebuilding divisions to

determine if any subdivisions needed to be impaired.

• Learned and applied accounting pronouncements that had significant impact on homebuilding

operations.

• Assisted homebuilding divisions with month end closes and other special projects.

• Communicated daily with company executives and division vice presidents of finance.

Ernst & Young, LLP (Oct 2000-Aug 2002)

Public Accounting Service Provider (Auditor)

Oct 2000-Aug 2002

• Gain accounting experience in several industries including: Technology, Real Estate,

Healthcare, Retail, and Manufacturing

• Responsible for the detail audit testing of public and private corporate clients.

• Perform audit procedures and reconciliations on all financial statement accounts

• Perform activities consisting of identifying and testing controls for critical processes,

conducting variation analysis, compliance testing and analyzing and evaluating clients' accounting

and operating procedures and controls.

• Write various memos documenting business and accounting processes, auditing procedures, and

audit summaries

• Communicate regularly with corporate management to accomplish audits

• Supervise audit engagements and provide on-the-job training for staff members

• Detail review staff members work and provide feedback for improvement

• Assist in preparation of financial statements and notes to financial statements in accordance

with GAAP

Skills: Great Plains, AS400, MS Office

Education: Masters of Accountancy, April 2000

Bachelor of Science in Accountancy

Brigham Young University, Provo, Utah

Certification: Certified Public Accountant in Utah

July 2005-Present

Personal: • Two years foreign residence in Hong Kong doing charitable service work to improve peoples’ lives

• Enjoy most sports including running, basketball, and hiking

• Love spending time with family

Contact this candidate