Accounting Financial Analyst
Resume:
Adam Scott, CPA
**********@*******.***
SUMMARY Experienced accounting professional with comprehensive knowledge of financial reporting and tax compliance for privately held organizations with over nineteen years of public and corporate accounting experience.
EXPERIENCE DW Lift Sales, Inc.
December 2015 – June 2019
Chief Financial Officer (DW Lift Sales & Affiliates)
Columbus, Ohio
Organization consisted of an equipment dealership, trucking company and two different
landscaping companies with over $82 million of annual revenue.
Implement job costing for landscaping companies with over 4,900 annual jobs
Eliminate Paychex & PEO and generate first year savings of over $370,000 for over $15 million of payroll for approximately 375 employees
Terminate third party temporary staffing agency to cease two-year cost overrun of approximately $600,000
Discover additional embezzlement which lead to recovery of over $290,000
Put into operation internal controls and segregation of duties
Determine incorrect filings and successfully amend Ohio CAT returns for over $140,000 of refunds
Coordinated efforts with accounting firm to recover over $70,000 of $140,000 penalties for federal excise tax
Restructure health insurance benefits for over 190 employees to reduce annual premium increase from 28% to 2% for annual premiums over $1.1 million
Successfully structure transactions to utilize over $500,000 of suspended tax losses
Identify and rectify over $1.2 million inventory over statement
Execute method of accounting change to defer over $900,000 of income over four years and realize permanent tax savings of over $93,000
Negotiate propitious borrowing base covenants and elimination of corporate guarantor in-spite of multiple quarters of covenant violations
Uncovered $1.0 million over statement of earnings and taxable income
Homewood Corporation/SK Investments of Ohio, LLC
July 2013 – September 2015
Chief Financial Officer (Homewood & Affiliates)
President (SK Investments of Ohio, LLC)
Columbus, Ohio
Organization contained various home building, multi-family development and management
companies, mortgage company along with the founding family’s investment companies,
private foundations, family trusts and personal investments.
Ensure compliance with the Affordable Health Care Act
Reduce health insurance costs by approximately $200,000 (35%)
Negotiate and structure preferred terms for $9 million investment in a SBIC fund
Evaluate and execute $10 million subordinated loan
Structure and negotiate $30 million of real estate transactions
Select and monitor $25 million of investments in private equity and hedge funds
Implement new software to streamline operations and enhance reporting capabilities
Work with legal counsel regarding tax and various legal matters
Serve on board of directors of Homewood Corporation and affiliated companies
Atlas Industrial Contractors, LLC
July 2012 – July 2013
Controller
Columbus, Ohio
Monitor and improve accounts receivable collections
Coordinate annual audit and tax compliance work
Implement procedures to enhance percentage of completion accounting reporting
Homewood Corporation
November 2007 – July 2012
Controller / Treasurer
Columbus, Ohio
Serve on board of directors of Homewood Corporation and affiliated companies
Manage five to nine accounting staff
Restore integrity of financial statements and financial reporting
Implement internal controls and segregation of duties for the accounting department
Aid legal counsel in various legal matters
Negotiate with banks in securing and restructuring new and existing loans
Outsource payroll function for 32 companies saving the organization $80,000 annually
Supervise monthly close for 63 companies, 2 private foundations, 15 trusts and 7 individuals
Monitor 125 bank accounts
Create reporting for CD’s for the companies, trusts, private foundations and individuals
Track publicly traded stocks for the companies, trusts, private foundations and individuals
Evaluate investment opportunities for the owners, the companies and private foundations
Prepare annual operating budgets for companies
Work with external auditors for the completion of annual audits and review reports
Establish Wellness Program for Health Insurance Plan
Modify health insurance coverage providing annual savings of $125,000
Coordinate with benefit providers for the self-funded health insurance plan and multi-employer 401(k) plan to remain in compliance with governmental regulations
Provide recommendations for structuring real estate transactions, consumer debt portfolio sale and forbearance agreements for customers of the organization’s mortgage company
Darby Creek Excavating, Inc.
November 2004 – November 2007
Chief Financial Officer
Circleville, Ohio
Internalize payroll function for 35-95 seasonal employees providing annual savings of $12,000 to company and allowing for timely cost reporting
Renew health and general liability insurance premiums resulting an annual savings of $90,000 for the general liability insurance
Preserve working relationships with banks and surety company
Successfully Work with Third Party Administrator to minimize and effectively manage workers compensation claims
Prepare annual income tax returns for the various companies and the company’s owner
Supervise the preparation of all annual, quarterly and monthly sales tax, exercise tax, and payroll tax returns
Complete variance and profit analysis for all projects and financial statements
Prepare annual operating budgets
Improve cash management through collections and cost reductions
Implement new accounting software and procedures
Deloitte Tax LLP
June 2002 – November 2004
Real Estate Tax Group, Senior Consultant
Columbus, Ohio
Manage the complete compliance process for Partnerships, S-Corporations, C-Corporations, and Individual Federal, State, & City tax returns
Projection analysis for income tax planning strategies
Provide clients with new tax planning strategies and ideas
Research Federal, State, & Local Tax issues
Maintain key client relationships to ensure the highest quality of client service
Facilitate client billings and collections
Train and develop staff consultants
United Parcel Service
August 1999 – May 2002
Finance Department, Financial Analyst
Columbus, Ohio
Prepare the Annual Operating Budget for the Package Division ($120.2 Million, 3.8% Under Plan)
Complete the Annual Capital Budgets for the Automotive, Package, & Plant Engineering Divisions
Control Fixed Assets System for the Central Ohio District ($90.6 Million)
Interim/Seasonal Supervisor
District Procurement Coordinator
Perform Monthly Closings for the Central Ohio District
Variance Analysis for Expense & Production Elements
Implement Cash Controls Procedures
Reconcile General Ledger Accounts
EDUCATION Capital University, Columbus, Ohio
Masters of Business Administration, July 2001
Franklin University, Columbus, Ohio
Bachelor of Science, April 2000
Major: Accounting
Minor: Marketing
COMPUTER SKILLS
Microsoft Office, Computer Ease, Timberline, Foundation, QuickBooks, DealerTrack & Pro-systems
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