Scott T Halvorson
Maple Grove, MN 55369
763-***-**** Home
763-***-**** Cell
*****.*********@*******.***
Summary of Qualifications
. Over 15 years of accounting and 8 years of financial service
experience.
. Broad experience in all aspects of accounting and financial
management.
. Strong hands on management style with excellent teaching skills.
. Creative problem solving abilities - sees the big picture.
. A consistently proven go-to person.
Professional Experience
Oct. 2006 Nedco Electronics, Inc., Eagan, MN
To present Controller
Nedco Electronics, Inc. is a distributor of electronic components
operating in eight states with annual revenues exceeding $40 million.
. Restructured front office, centralizing functions and
establishing financial controls.
. Converted company's financial statements from an incorrect
accounting method to full compliance with GAAP.
. Corrected several incorrect income tax methods and worked with
outside accountants to file all appropriate IRS documentation.
. Restructured all cash management activities and negotiated more
favorable terms with various financial institutions.
. Established a Human Resource department eliminating existing
exposure due to non-compliance and improving employee morale.
. Responsible for all financial reporting, budgeting and daily
cash management.
June 1998 to M&I Business Credit, Inc., Minneapolis, MN
Oct. 2006 Vice President
M&I Business Credit, Inc. is a division of M&I Bank and specializes
in asset based lending.
. Managed all aspects of a $60 million loan portfolio.
. Worked closely with numerous business owners developing
achievable business plans.
. Led workouts of poorly performing Credits, recovering all
advanced funds and generating over $300,000 in fee income.
. Full negotiation of all terms and documentation in regards to
numerous Credit Facilities.
. Standing member of Credit Management team.
. Performed due diligence on numerous prospective clients.
. Instrumental in the training and professional development of
financial analysts and support staff.
Mar. 1997 to Stylmark, Inc., Fridley, MN
June 1998 Controller
Stylmark is an aluminum anodizing operation with annual revenue of
approximately $21 million.
. Prepared monthly financial statements and supporting schedules.
. Coordinated the annual audit and worked closely with outside
accountants.
. Team leader in a fully integrated software implementation.
. Restructured the office environment, improving efficiency and
morale.
. Prepared narrative financial information to improve
communication to managers who were unaccustomed to reading
financial reports.
. Restructured data collection of labor hours for payroll and
efficiency reporting.
May 1993 to Rainbow Signs, Inc., Anoka, MN
Mar. 1997 Controller
Rainbow Signs was a printing company with annual revenue exceeding
$20 million in printing sales and $10 million in distribution
sales.
. Responsible for all aspects of financial reporting and
administration.
. Instrumental in the development and implementation of continuous
improvement models used throughout the organization.
. Initiated, negotiated, and implemented the use of a logistic
service saving $150,000 annually in freight costs.
. Prepared and negotiated an IRS change in accounting position
regarding the Company's past incorrect position on 263(a) costs.
Oct. 1987 to George M. Hansen, CPA., Minneapolis, MN
May 1993 Staff Accountant
. Prepared financial statements and tax returns for various
companies operating in various industries.
. Assisted in audit engagements of various industries.
Certification CPA, State of Minnesota (inactive license)
Education Metropolitan State University, Minneapolis, MN