MICHAEL A. RHEINTGEN, CPA
**** ********* ****** ***: 630-***-****
Downers Grove, IL 60516 *********@*********.*** Cell: 630-***-****
CONTROLLER
Delivering shareholder value regardless of market conditions
• Enthusiastic, profit-driven, senior executive brings 20 years of management experience.
• Proven ability to control costs to meet profitability goals.
• Exceptional ability to enhance operational and financial results through prudent management of assets.
• Expertise in leading sales organizations to exceed performance objectives.
• Proficiency in leading an organization through major changes in the marketplace and internal
changes in operating strategies and philosophies.
CORE COMPETENCIES
Best Practices Change Management Productivity Improvement
Business Planning Driver Revenue & Profit Growth
Continuous Process Cost Reduction Sales & Marketing Leadership
Improvement Financial Leadership Strategic Planning
Customer Service & Land Strategic Partnerships &
Satisfaction Acquisition/Development Alliances
P&L Responsibility Team Leadership
PROFESSIONAL EXPERIENCE
KB HOME OF ILLINOIS/INDIANA, Schaumburg, IL 2005 – 2009
Fifth largest homebuilders in the U.S.; $9B in Sales
Vice President of Finance - Chicago/Indiana Divisions
Strategic business partner to the Division President in an operation that
delivers up to 800+ homes per year and generates annual revenue of up
to $214M. Key leader in developing and driving division business plan,
identifying and communicating business risk and opportunities,
safeguarding assets, and maintaining internal controls. Communicate key
strategic goals to senior management through creation of annual business plan
and periodic updates. Utilize team approach to drive organizational
improvements and implement best practices. Resolve multiple complex issues
(financial, sales, daily operations, purchasing) and motivate staff to peak
performance.
Selected Accomplishments
Lead Pathfinder cost reduction initiative eliminating $5.5M (44.8%)
in fixed costs while doubling productivity.
Key member of management team that spearheaded a 7.1%
reduction in direct costs.
Managed inventory reduction of more than $26M exceeding the $10M
corporate goal.
Provided outperforming sales leadership over a three-year period
during the transition of sales directors - helping the division achieve
the #1 sales ranking.
Provided financial leadership to the Indiana division during
management transition and facilitated a successful exit from the
Indianapolis market while maintaining the integrity of the KB Home
brand.
Strengthened sales contract, credit, and other revenue stream policies
thereby improving sales backlog, decreasing product cycle time, and
reducing sales cancellation rate while increasing sales at 6% per year.
MICHAEL A. RHEINTGEN, CPA PAGE 2
MDC HOLDINGS, Itasca, IL 2004 – 2005
Organic Start-up; $5B in Sales
Vice President of Finance - Chicago Division
Implemented the Division President’s plan and philosophy for a division
that produced annual revenue of up to $33.5M. Served as key
communicator to corporate senior management with dual reporting
responsibility to corporate finance and Division President. Prepared division
business plan, forecasted division financial results and position, identified
and communicated business risk and opportunities, safeguarded assets,
and maintained internal controls.
Selected Accomplishments
Collaborated with Division President in achieving strategic goals by
managing the division’s capital allocation and maintaining the
business plan model.
Provided financial management perspective and guidance in decisions
to approve new home starts and determine spec home levels.
Prepared proformas for new projects, reviewed Asset Management
Committee packages, participated in backlog management, and
recommended activities to maximize returns on invested capital.
Oversaw cost control for the Division by managing controls and
implementing procedures in accordance with corporate policy.
Developed and implemented procedures to ensure that all land and
construction jobs were properly budgeted on a timely basis.
JAMES COMPANIES, Northbrook, IL 1998 – 2004
Vice President – Finance / Controller
Managed the financing, accounting, reporting, and audit functions of
developer and non-developer entities including the administration of
financial statement preparation, loan draws, unit closings, cash
management, AP, payroll, health insurance, 401(k), and human resource
functions.
Prepared proformas to determine proposed project feasibility and to
evaluate and adjust existing project action plans; analyzed unit
profitability and determined product pricing; key member of executive
committee responsible for land acquisition and project development.
Designed and implemented medical reimbursement account to reduce
health care costs by 15%.
Secured $100+ million financing for multiple residential and commercial
development projects, including a golf course and clubhouse during a time
when golf course operations were in a decline and many were closing or
selling.
OTHER PROFESSIONAL EXPERIENCE AND ACHIEVEMENTS
Audit Supervisor, COOPERS & LYBRAND-BIG FOUR AUDITOR.
Planned, coordinated and supervised audit engagements for local, national,
and international clients.
President/Partner GMR CONSTRUCTION, INC. General contractor and
construction management. Held full P&L responsibility and managed all
aspects of sales, marketing, and daily operations.
EDUCATION
NORTHERN ILLINOIS UNIVERSITY, DeKalb, IL
Bachelor of Science in Accountancy
Earned CPA Certification