JAY OLSON, CPA
**** ****** *** ***** ****, California 92627
Senior level executive with significant experience from both public accounting and private practice. Motivated team player who has demonstrated ability to continuously improve business processes, controls, and inter-departmental communication among key managers and executives. Effectively delivers benchmark financial analyses, internal control issues and solutions to board of directors, and audit committee. Possesses M&A experience as well as effectively integrating business acquisitions. Delivers practical and effective solutions to meet operations’ and senior executives’ needs, including timely and accurate financial reporting and analysis. Hands-on experience with SEC reporting, including MD&A and financial statement coordination. Core qualifications include:
Strategic Financial Planning and Analysis
Treasury / Cashflow Management
M&A / Due Diligence
Budgeting / KPI Analysis
Capex Financing / ROI Analysis
Credit Facility / Financing Negotiation
CFO 2017 – Current
Meruelo Enterprises, Inc. – Downey, California
Engaged by Meruelo Enterprises (“Meruelo”) to head the financial operations for the Company. Meruelo is the holding company for five subsidiaries engaging in a variety of electrical, underground and other construction activities. Combined, the group produces approximately $500 million in annual revenues. Some specific accomplishments and responsibilities while at Meruelo include:
Consolidating the Company’s financial operations into a central location
Implementing processes and controls in preparation for the Company for public company reporting
Improved monthly reporting, budgeting and cashflow forecasting
Development of the finance group by hiring several key managers Segment CFO 2014 – 2017
Primoris Services Corporation – Lake Forest, California Recruited to Primoris Services Corporation (PSC) to replace the retiring Segment CFO in its Lake Forest office. PSC is a Fortune 1000 engineering and heavy construction company, and is traded on the NASDAQ stock exchange. Responsible for financial reporting for business units representing over half of PSC’s $2 billion in revenues. Responsible for leading approximately 30 department employees in providing accounting, financial reporting and analysis for our corporate office and various business units. Our team served as the treasury function for the entire Company, and was responsible for the preparation of PSC’s consolidated financial information utilized in PSC’s SEC filings. Some specific accomplishments while at PSC include:
Continuous improvement leadership style and strong team focus resulted in clean internal control audits
Collaborated with IT, department managers and operations to bring a complex ERP software implementation to the finish line.
Established over $100 million in debt and lease financing and from multiple financial institutions.
Emphasized effective communication, and significantly improved long-standing communication gaps between project management, business unit executive management and the finance department, resulting in streamlined processes, enhanced reporting, decreased processing errors and ultimately an improved bottom line.
JAY OLSON, CPA
Primoris Services Corporation, continued
Coordinated with our insurance broker and surety agent on various insurance and bonding arrangements, analyze and allocate approximately $20 million in annual premiums for our Company- wide insurance program.
Directed business unit budgeting and forecasting with various business unit Presidents and key Managers.
Successful mitigation of various tax audit penalties and assessments for historical compliance gaps; identified and implemented operational solutions, where applicable.
Credit facility covenant reporting and proforma covenant analysis.
Identification and implementation of tax credit programs. Business Assurance Senior Manager 2003 – 2014
Moss Adams, LLP – Irvine, California
Serviced privately and publicly held clients in a wide variety of industries including the construction, real estate, automotive, apparel, manufacturing/distribution, high-tech and finance industries. Serving as PSC’s external auditor beginning in 2005, our team helped navigate PSC’s private to public company transition. Typical clients had annual revenues anywhere from $50 million to $1 billion. Core responsibilities included business development, and the management of various audit and consulting engagements with teams of various sizes. Positive client survey results, client retention and high fee realization were the result of building strong client relationships and serving as their trusted advisor. Specific accomplishments and responsibilities while at Moss Adams include:
Coordination and performance of various value-added services for clients based on identified business needs including ESOP related accounting assistance and transaction structuring, IT consulting services, property and other state and local tax related services, business valuation, internal control assessment and other services. These value added services have generated significant client tax savings, enhanced controls and efficiency, and decreased overhead costs.
Department coordinator and staff resource for the implementation and execution of Firm quality control policies, procedures and certain technical issues as relating to the Firm’s paperless engagement software and electronic workpaper standardization.
Managed the review and audit procedures related to various SEC filings, including registration statements.
Performance of consulting services entailing the analyses of client accounting and operations’ systems, discounted cash flow modeling, stock option valuation and accounting, and cash flow projections.
Present required communications, findings, and provide objective input relating to management, operations and internal controls to board of directors and audit committees.
Career advisor and mentor to several assurance staff members.
Performance of due diligence services for various business acquisitions. Associate 2001 – 2003
KPMG, LLP – Los Angeles, California
Provided internal accounting and finance services for public and privately-held businesses, streamlined processes by identifying redundancies and enhanced clients’ internal control structure. EDUCATION AND PROFESSIONAL AFFILIATIONS
Certified Public Accountant (licensed in California)
B.S. in Accounting, Pepperdine University
Member of the AICPA
Founding board member of the Los Angeles chapter of Golfers Against Cancer