Accounting Management
Resume:
SUSAN B. LUMMANICK
Littleton, Colorado 80127
Experienced financial executive, CPA, with diverse expertise in
financial management, including not for profit. Proven ability to
efficiently diagnose and effectively resolve accounting, finance
and management information problems. Skilled at development and
implementation of strategic business plans and
mergers/acquisitions.
EMPLOYMENT HISTORY
Controller, Denver, Colorado, 2005 to present (contract position)
Company is an industry leader in the custom design, manufacture and
service of a wide array of high-performance clustered computing
systems.
. Implemented accounting software system while bringing current
financial statements that were 14 months in arrears.
. Created basic accounting and finance systems.
JOHNSON & WALES UNIVERSITY, Denver, Colorado, 2002 to 2008
An accredited university emphasizing hands-on training and career-
oriented education.
Assistant Professor
. Taught accounting for the hospitality industry, federal
taxation, auditing and financial management.
GENERATION21 LEARNING SYSTEMS, Golden, Colorado, 2001 to 2005
Enterprise learning software company marketing to Fortune 100 and
mid-market customers. Start up subsidiary of publicly traded
market leader in K-12 educational software.
Chief Financial Officer
. Implemented timekeeping and cost-accounting systems for
professional services to facilitate project cost estimation and
improve profit margins.
. Developed financial control and SEC reporting systems, including
Sarbanes-Oxley, for rapidly growing subsidiary.
. Created procedure for annual operating plan to generate accurate
budget information to parent company.
. Structured sale of the company.
SUNAMERICA TRUST COMPANY, Denver, Colorado, 2000 to 2001
Virtual start up company acting as FDIC insured custodian for over
90,000 self-directed IRA accounts with more than $450 million in
assets. Company merged into affiliated entity.
Vice President and Chief Financial Officer
Responsible for financial and investment accounting, and regulatory
reporting.
. Established financial accounting and reporting system, and
policies and procedures for virtual entity in compliance with
state banking regulations and FDIC requirements.
. Prepared regulatory call report.
LAND TITLE GUARANTEE COMPANY, Denver, Colorado, 1998 to 2000
Statewide agency for the sale of title insurance and closing and
escrow services, with gross revenues in excess of $65 million and
650 employees in 36 locations.
Chief Financial Officer
Responsible for all aspects of accounting and finance for six major
companies and five affiliated companies, including day to day
accounting, forecasting, budgeting, payroll, escrow accounting, and
specialized insurance and regulatory reporting. Supervised 21
employees.
. Completed application package and regulatory reviews to license
company to write insurance in another state.
. Successfully managed first state regulatory financial
examination for four-year-old insurance company.
. Strengthened controls over reconciliations for in excess of
forty bank accounts holding over $150 million in a fiduciary
capacity for over 1,000 separate transactions, to improve
internal controls, thus lowering risk.
ACCOUNTING AND MANAGEMENT CONSULTANT, Denver, Colorado, 1997 to
1998
. Acting Vice President of Accounting for a major financial
services subsidiary of a publicly traded company. Assisted in
year-end closing, prepared for independent auditors including
completion of audit schedules, analysis of account balances and
preparation of financial statements. Worked closely with
independent auditors during on-site fieldwork.
. Assisted with regulatory audits, including gathering requested
information, preparing financial schedules and advising
management.
. Developed and implemented fee billing systems while bringing
current both fee billings and collections.
ELECTRONIC MANAGEMENT SYSTEMS, INC., Cincinnati, Ohio, 1989 to 1996
The largest sales and service company for point-of-sale systems in
Ohio, with gross revenues of $8 million and 70 employees in six
cities.
Chief Financial Officer
Responsible for day to day accounting, forecasting, budgeting,
collection, cash management, banking and major vendor relationships
and preparation of corporate income and payroll taxes. Additional
responsibilities in personnel and administrative management.
Reported to CEO.
. Implemented integrated computer system for accounting, inventory
and operations use.
. Completed two acquisitions, including pre-acquisition valuations
and negotiations, and post-acquisition integration into company
accounting, operations and personnel systems.
. Instituted cash forecasting system to anticipate seasonal cash
flows, and cash management system to speed deposit availability.
. Evaluated and implemented employee benefits package, including
health insurance (with a reduction in cost), 401(k) profit
sharing plan and short- and long-term disability insurance.
Also developed company-wide property/liability insurance
program.
THE OHIO RIVER COMPANY, Cincinnati, Ohio. 1984 to 1988
Largest U.S. inland barge transportation, with 1500 employees and
annual revenues of $203 million.
Assistant Vice President, Corporate Development
Responsible for strategic planning, acquisitions and competitor
analysis. Reported to Operations Vice President, with special
assignments for CEO.
. Identified new investment opportunities, considering
predetermined parameters of diversification, expansion of
existing businesses, cost and return on investment and
management capabilities.
. Coordinated divestiture of two major subsidiaries, including
preparing marketing materials, identifying potential buyers, and
preliminary negotiations.
COOPERS & LYBRAND, Cincinnati and Columbus, Ohio, 1973 to 1984
International public accounting firm.
Audit Manager
Responsible for annual audits, including internal control
implementation, for clients in the financial services industries
including insurance, banking, savings and loan and securities
brokerage. IPO experience.
OTHER PROFESSIONAL EXPERIENCE
Board member and treasurer of a not-for-profit agency (1991 to 1997)
Board member and treasurer of a not-for-profit agency (2002 to 2004)
Board member and treasurer of a not-for-profit agency (2002 to present)
Leadership Cincinnati (1986)
EDUCATION AND PROFESSIONAL STATUS
Certified Public Accountant (Colorado and Ohio)
MBA in Finance and Marketing, University of Cincinnati
American Society of Certified Public Accountants and Colorado Society of
Certified Public Accountants
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