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CFO / Controller

Anaheim, California, 92807, United States
June 17, 2019

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Ken Kral

*** *. ******* **, ******* Hills, CA ***07; 657-***-****


Real Estate Financial Management in mid-sized entrepreneurial environments as well as divisions of large Corporations managing staffs between 8 and 45, private and public ownership. Built and lead cross-functional team’s efforts to quickly identify and solve problems. Consistently implemented improvements to the timing and reliability of financial information leading to better decision making.

Auditor through Roark Financial Services 05/2018 to 10/2018

Boatman Development Company, Costa Mesa, CA

Commercial builder of multiple projects in Chino, CA had major issues on Financial Statement credibility with investors. Brought in to go through the last three years of accounting records to balance books between Builder and Property Partnership, then produce valid line item accounting on 37% cost over-run.

Controller (reporting to Owners) 04/2017 to 10/2017

Sierra Corporate Management Inc, Anaheim, CA; Multi-Family Property Management

Hired to bring financial organization to a very busy, rapidly growing developer/builder/property manager. Manage Accounting Department, Financial Statements, Budget Variance Reporting, Cash Flow Proforma’s, Cash Management, Lender Relationships, Risk Management, Investment monitoring, and constant interface with CPA firm on acquisition, tax planning/estimates, and year- end taxes, for upwards of 50 company owned properties – Apartments and Mobile Homes, as well as the owners personal Financials/Taxes.

Auditor through Robert Half

REC Solar, San Luis Obispo, CA 02/2016 to 04/2016

82% owned by Duke Energy. Brought in to assist the Controller as the “go-to” person for the CPA firm for the year-end audit, smooth out the monthly closing process, and advising on the conversion from Quick Books to JD Edwards.

Director of Finance (reporting to Owner/President 03/2015 – 01/2016

Halsell Builders, Santa Maria, CA, Home Builder/Remodeler

Hired to take upscale home builder/remodeler of individual properties to role of home builder on small to mediums size housing tracts. Manage Accounting Department and Human Resources. Budgets, GAAP Financial Statements, Project Cash Flow Proforma’s, Cash Management, Lender Relationships, Risk Management, Month - End and Year – End closing, Taxes, government compliance.

Wealth Management - Financial Advisor – New York Life Insurance 10/2009 - 02/2015

Financial Representative selling life insurance, investment products and commercial real estate loans.

VP of Equity and Finance (reporting to President) 06/2007 - 09/2009

Century Vintage Homes, San Bernardino, CA; $400M Private Land Developer, Home Builder

Project acquisition analysis, cash flow projections, project funding negotiations.

Acquired a mutual water company as part of a $1.8M land acquisition and resold it for $1.2M, resulting in a land cost reduction of 67%.

Introduced Century to non-recourse financing in taking over defaulting builder projects providing the company with growth and cash flow opportunities with essentially no risk on over $30M land deals.

Led project negotiations for 25-30% short sales, and Forbearance Agreements in lieu of foreclosures on loan defaults to avoid litigation on personal guarantees.

Negotiated with bank and investor to buy back $12.5M bank loan for $9.0M,saving $3.5M.

Negotiated JV Partner Operating Agreements and construction loans for homebuilding projects.

Negotiated improvement bonds, CFD’s, and prevailing wage certification for cost reductions.

Chief Financial Officer 01/2005 - 05/2007

Residential Design Services, Anaheim, CA; $100M Interior Design Firm

Gained financial and cash control over rapidly expanding entrepreneurial business.

Complete financial reporting management.

Hired and trained personnel, initiated accounts receivable, accounts payable and customer service procedures and controls to ensure timely billing, cash collection, and loss control.

Defined multiple accounting procedures to resolve bottlenecks and internal control problems.

Reduced 60-day Accounts Receivable by 78% ($1.4M to $300K) in first 60 days.

Collected over $300K in disputed customer service builder repair invoices


Hughes Development Corp, Glendora, CA; $50M Land Developer / Residential 06/1990 – 12/2004

Home Builder / Commercial Property Owner / Builder / Manager

Controller - Reporting to the President / Owner, my responsibilities included the complete management of accounting staff, human resources, union payroll, financial reporting, operational analysis, and IT systems. In addition, worked with outside CPA’s on multiple GAAP, and tax issues.

Researched and implemented a Sage / Timberline Construction software package for phased master planned community’s construction loan costing, and financial statements, prepared tax returns, and managed human resources and risk management.

Chief Financial Officer - prepared acquisition and development forecasts, critiqued ongoing project performance. Negotiated phased construction loans, lines of credit, and managed investor participation/reporting on profits and cash flow and Trustee of profit sharing and 401k plans.

Raised equity for multiple development projects via Regulation A accredited investor regulations.

President - (Elected by Unsecured Creditors) of the Corporation in Chapter 11 Bankruptcy to liquidate $47 million in assets through sales, or development on a property, by property, basis..

Improved $75,000SF shopping center cash equity from $1.5M negative equity to $3M cash equity by reducing vacancy rate from 25% to 5%.

Property Management – Built, leased, managed and sold both as a company officer and/or as a licensed real estate broker on a fee basis a variety of company owned two office buildings, 72 unit apartment, two, shopping centers, a golf course with liquor license on 1,200 acres zoned for 4,000 houses and 3,600 acres of alfalfa farm land.

Home Owner Association - Served as home builder President or Secretary of for three Condominium projects.

Education & Professional Development

CA Real Estate Broker

Bachelor’s Degree in Accounting - Summa Cum Laude

Cleveland State University, Cleveland Ohio

Ohio CPA examination – passed on first attempt when only 5% were passing.

Winner of Newton D. Becker Award for Excellence in Accounting.

Series 7 General Securities, Series 66 Investment Advisor and Life Insurance licenses.

Extensive experience with multiple Software Packages and ERP Conversions - Quick Books, Sage, Timberline, J.D. Edwards, Yardi, Rent Manager, DacEasy, Peachtree, Tract-Pie, RFMS, CRM, Co-construct, Tax Cut, MS Excel/Word/Power Point.

Ken Kral

657-***-****; Anaheim Hills, CA

June 17, 2019


Santa Monica, CA

RE: Controller

Dear: Hiring Manager

Broad based financial and operational management experience in the real estate development, design, construction and management industry - residential and commercial, sub - contractor and general - contractor.

CFO - Experience has been very heavy in competitive market trends, performance metrics, job costing, profitability analysis, cash management, fund raising, construction loan negotiations, lender/joint venture partner relationships, and property management. Worked closely with CPA firm(s) on audited financial statements, tax planning, 1031 exchanges, attorneys on agreements and legal issues. Experienced with multi-state property ownership.

Controller - Reporting to the President / Owner, my responsibilities included the complete management of accounting staff, financial reporting, operational analysis, union and certified prevailing wage payroll and multiple IT and software systems. Proforma’s, GAAP financial statements, budgets, budget variance analysis, corrective action recommendations debt covenants, Also, SEC reporting, ERP implementation, operational auditing, internal controls, inventory control, IT implementation, tax returns/planning and cash management. I have also been responsible for managing human resources, risk management insurance policies, captive insurance companies and 401K and profit sharing plans.

Property Management – experience includes leasing and management for company owned shopping centers, apartments, office buildings, golf courses, and farms properties. Also, as a home builder Home Owner Association President or Secretary for three condominium projects.

Broad based experience counts in planning, priorities, implementation, and personnel management.


Ken Kral

Resume Enclosed

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