Financial Reporting Accounting Director

Han Qi, CPA

Wilmette, IL ***** 614-***-**** *****@*****.*** https://linkedin.com/in/hanqi001

Accounting Director / Controller

Financial Reporting Analysis Budgets

“Leads, develops, and strengthens processes and teams.”

Result-oriented Accounting Director and Controller with 20 years of progressive experience and history of streamlining close process, identifying internal control risks and opportunities, and reducing costs for operations. Background includes building high-performing teams at both fortune 500 companies and start-ups. Skilled in financial reporting, analysis, and process improvement. Demonstrated success in leading teams, implementing systems, and driving efficiencies in fast-paced environments.

Career Highlights

Systems Implementation: Played pivotal roles in implementing the ACCPAC accounting system and FAS 500 Fixed Asset system. Successfully led the Blackline system implementation, enhancing the monitoring and tracking of the month-end close process and audit status.

Process Improvements: Streamlined the month-end closing process, reducing the close time by 5 business days. Optimized consolidating and reporting processes at Cresco, shortening reporting cycles by 3 days.

Inclusive Team Building: Developed and mentored an underperforming accounting team, transforming them into a confident, accountable, and collaborative group.

Business Turnaround: Achieved a 75% reduction in past due accounts receivable by rescuing a failed AR process through cross-functional collaboration with the production team.

Professional Experience

MedMen, Culver City, California August 2023 – Present

MedMen is a multi-state cannabis company with annual revenue of $100 MM.

Director of Accounting and Financial Reporting

Lead and direct accounting and consolidation function of the company. Oversee month-end close process and reconciliation of all general ledger balance sheet accounts. Coordinate all aspects of the preparation and review of financial reports on Forms 10Q, 10K, MD&A and other SEC reporting requirements. Coordinate with and support external auditors for quarterly reviews and annual audit. Review and support technical accounting research and drafting of accounting policies. Develop and implement internal control process.

Transformed corporate accounting team, shared services teams and reporting team, fostering a culture of excellence, accountability, and continuous improvement. Promote a collaborative environment that encourages knowledge-sharing and cross-functional collaboration.

Identified opportunities to develop and implement continuous improvement initiatives, including financial reporting automation and off shoring, which saved the company over $1million in payroll costs.

Led extensive technical research on lease accounting (IFRS16, ASC840, and ASC 842), cleaned 2 year of accounting records, and restated financial statements for Q4 2022, Q1 2023, and Q2 2023.

Utilize Microsoft Dynamics NAV as accounting software.

Cresco Labs, Chicago, Illinois November 2020 – August 2023

Cresco is one of the largest cannabis companies with annual revenue of $850 MM.

Senior Accounting Manager – Corporate Accounting, Consolidation, and Financial Reporting

Built and led corporate accounting team and consolidation team, point of contacts for internal and external partners, coordinated quarterly and year end audit process, coordinated month end close process, expanded accounting team focus from bookkeeping to analytics, streamlined consolidation process and reporting process.

Built and developed corporate accounting team and consolidation team, changed team focus from bookkeeping to analytics.

Cut month end close time by 5 days by streamlining month end close process and establishing 3 phase closes.

Cleaned up more than $10 million stale balances/accruals by establishing monthly balance sheet reconciliation process.

Reduced 20% of PAJE amount by establishing business review process collaborated with cross functional teams.

Identified opportunities to implement Blackline system to track close process, audit status, and balance sheet reconciliations.

Assisted in facilitating seamless integration and onboarding of 5 acquired businesses and their accounting functions.

Developed and documented business processes and accounting policies for company-wide standardization.

Created reporting packages that help business leaders identify trends, resolve issues, and make decisions with timely financial data as support.

Streamlined reporting process, ensured the accuracy and integrity of financial reports and shortened reporting cycle by 3 days.

Assisted internal control assessments and established and maintained effective SOX control design.

Utilized Intacct/BPC as accounting software.

SALTER LABS/SUN-MED, Lake Forest, Illinois July 2018 – July 2020

Sun-Med is a private equity owned medical device manufacturing company with annual revenue of $300 MM. Salter Labs merged with Sun-Med on August 31, 2019.

Accounting Manager

Managed the corporate general ledger close and oversight of corporate reporting and reconciliations; set the corporate close calendar, enhanced and managed checklists, and managed cross-functional collaboration to meet close deadlines. Reviewed monthly and quarterly key schedules used for accounting, audit, tax, and both internal and external reporting; analyzed financial statements to find and resolve any discrepancies. Main contact for external and internal audits. In charge of sales tax and government filing process and schedule.

Selected to lead month end close process and oversee fixed asset process, insurance renewal process and monitoring installment plans.

Improved inventory control by establishing a 3rd party warehouse inventory reconciliation process, which helped production team identifying process loopholes before snowballing into bigger issues.

In response to Salter/Sun-Med merger, conducted 2-month end-closes in August then in December, and provided 4 audits at year end.

Developed and documented business processes and accounting policies to maintain and strengthen internal controls.

Utilized Oracle as accounting software.

ALLIANCE DATA, Columbus, Ohio Oct 2011 - Aug 2015

Alliance Data is a fortune 500 financial service company with annual revenue of 6 billion.

Senior Financial Analyst

Assisted with process improvements for accounting, including refinement and automation of close processes and reporting, implementation of robust account reconciliation procedures and related add-on accounting and process management systems (e.g., Blackline); Implemented accounting policies and procedures as company expands in to new and established markets.

Took initiative to solve a long-standing issue with Fixed assets. Identified opportunities for writing off $100MM fixed assets and established monthly Fixed Asset review procedures.

Significantly improved control of capital expenditure projects by establishing CIP procedure.

Mentored and trained new Senior Financial Analysts regarding company policy, department procedures, accounting system usage, and team culture.

Increased both efficiency and accuracy of internally developed software labor tracking by automating the processes, which reduced process time from 2 business days to minutes and error free.

Utilized PeopleSoft as accounting software.

CALLTECH / TELEPERFORMANCE USA, INC, Columbus, Ohio July 2004 - June 2011

Teleperformance USA, Inc., is a customer service company with revenue of $420 MM, a division of Teleperformance SA, headquartered in Paris, France. CallTech merged with Teleperformance on January 1, 2006.

Finance Manager/Division Controller

Hired and developed 4 accounting department staff. Provided daily supervision and leadership to the corporate accounting department. Managed month end close, quarter end, and year-end process. Prepared financial statements according to GAAP & IFRS. Reviewed monthly Balance Sheets Reconciliations for schedule accuracy and supporting documentation validation, Prepared and/or reviewed variance analysis and other reporting for senior management.

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Streamlined Division month end close process and shortened month end closing time by two days.

Reformed AR collection team reduced past due accounts receivables from $4 MM to < $1 MM.

Participated in successfully implementing the FAS 500 Fixed Asset Accounting/Inventory system.

Assisted in the successful accounting system integration into the parent's financial reporting system (ACCPAC).

Took initiative in converting the expense reimbursement system from manual process to electronic process and reduced manager approval time from 7 days to minutes.

Utilized QuickBooks and Accpac as accounting software.

Education & Professional Credentials

CPA (Earned in 1st Sitting) 2004

JINLIN UNIVERSITY OF FINANCE AND ECONOMICS, Changchun, China

B.A. Finance, August 1993

FRANKLIN UNIVERSITY, Columbus, Ohio,

B.A. Accounting, Summa Cum Laude, May 2004

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