Financial Reporting Cost Accounting

BERNELLA “GAIL” MCCUMBER

**** ******* **., ****** ** 77532

Phone: 281-***-****; Email: ***********@*****.***

SUMMARY

A dedicated accounting professional with multiple years of experience in the accounting and banking industries with a proven track record of organizing and restructuring struggling companies to increase collections and maximize cash flow. Other industries include cost accounting for a manufacturing plant, financial reporting for a large financial derivatives and oil and gas corporation, engineering and construction, as well as, SaaS-construction management software company, commercial lending, and health and wellness industry.

HIGHLIGHTS

MS Office: Word/Excel PowerPoint proficient

Exceptional organizational skills

Resource management through relationships

Excellent communication skills

Detail-oriented

Strong technical accounting skills

EXPERIENCE

TIKRA ROOFING LLC

Controller/CFO Jan 2023-Present

Private Equity start-up is a commercial roofing company that had been a $100MM company that went defunct during covid.

Grew the company from $3-15MM in 2 years. We operated in 7 different states

Set up percentage of completion accounting using QuickBooks Contractor edition software.

Set and handle all month-end close procedures, including reconciliation of AR, AP all Balance Sheets accounts. Review of cash reconciliations, credit card reconciliations, and payroll. Oversight of purchasing department including all capital expenditures. Set up Job cost accounting and detailed estimates vs actuals reporting features within Quickbooks.

Wrote all policies and procedures for every department, Accounting, Sales and Operations.

Closed books, including a monthly dashboard with detailed financials and graphs for the partners, sales backlog reports and cash receipts with an emphasis on job costing.

Cashflow forecasting, 2 weeks projection, 3-month projections broken down by job

Wrote all reroofing contracts, read and altered any large new construction contracts from GCs for any risk averse language.

Cleaned up the books as they had operated for a year without a controller.

Financial modelling, 5-year detail projections, 1-yr salary and wages, commission structure, CAGR, and ROI on investments.

HR wrote all employment contracts; handled all HR functions.

Implemented new construction management software for tracking sales and operations- Jobnibus.

Managed all insurance requirements for the company, obtaining all COI’s, negotiating all commercial insurance contracts and special endorsements for large GC’s.

Handled all collections, billing, and lien waivers related to suppliers and customers.

Managed the annual audit with an external auditor, resulting in zero audit adjustments.

Handled all legal issues with attorneys related to collections Including a $1MM settlement.

ATSER

Controller April -Dec 2022

Actively supervised an accounting team of 5 for a $15MM business. The company consists of two major business lines, civil engineering firm and a software company geared toward the construction management industry.

Aggressively managed cash on a daily basis. Created dashboards and investment KPI’s to track liquidity. Negotiated and 125 basis point reduction in our lending portfolio in a rising interest rate market. Maintaining 13 cash accounts and 5 lines of credit.

Financial Reporting- created monthly reports to help track profitability by department. Caught up a great deal of financial reporting that was over a year behind. Created board presentations in graphical format to show trends in all aspects of financials. Developed KPI’s to measure company successes and shortfalls. Took ownership of 5-day financial close process to ensure smooth, accurate, and timely close process.

Created budget and forecasted revenue for 2022 mid-year as it had not been completed by the previous management.

Documented the billing/invoicing process sending out company-wide SOP’s and white papers to ensure that invoicing customers is accurate and timely.

Wrote proposals and contracts for new SaaS agreement for the sale of our software. Negotiated favorable payment terms with our customers to ensure contracts were front-loaded and we were always cash positive.

Spearheaded R&D credit research and restated past tax returns to save the company $36K. Handled all tax planning for 11 entities.

Finalized sales tax audit where we were relieved of $46K in sales tax liabilities.

Managed and documented in-house payroll process including SOP’s and white paper.

Maintained revenue wage analysis spreadsheets to track any changes in payroll and resulting revenue. As a service business, we must ensure that, our revenue streams support any additional headcount.

Actively tracking proposals and backlog of business to ensure that project revenue is on target.

Managed 401K plan for employees, HR, and Implementation of ERP Workday.

Accounting software used was Sage 300 CRE Timberline for Construction and Real Estate.

Pelagic Equipment Services Holdings LLC July 2021 – March 2022

CFO/Business Turnaround

Managed a $20MM company which consists of 2 sister companies, one a wholesale business which sells oilfield-related equipment and subsea values, the other was a machining, cladding, welding and fabrication business with 6 locations and an accounting staff of four.

Consolidating and reporting financials to the Board of Directors including presentation, MD&A, detailing financial results, making recommendations for restructuring and refinancing

Calculated monthly debt covenants and reported to banking institutions.

Contributed to the process of having $12MM of debt converted to equity and led the process for repositioning the company post-Covid .

Led the process for refinancing removing Cadence Bank from the line of credit, working closely with legal counsel to ensure proper legal documentation and reduce company risk exposure.

Reduced the close process from 45 days to 15 days in 3 months.

Filed ERC credits for a total of $1.2MM in cash influx for the company.

Filed and completed second round PPP forgiveness for a total of $1.3MM

Managed QuickBooks inventory module for wholesale business which purchased and sold oil field fracking valves and related parts/equipment.

Aggressively managed cash daily which consisted of four separate bank accounts for two companies.

Implemented Webclock to reduce time spent on manual payroll time keeping process.

Managed headcount and hours strategically showing correlation between revenue and man hours worked.

Forecasted ability to repay loans and newly converted preferred debt under new company structure.

Filed monthly sales and use tax for 5 states.

Collections: Reduced DSO from an average 110 days to 75 days

Flo Trend LLC Feb 2020 – June 2021

Controller/Business Turnaround

Set up QuickBooks for manufacturing plant specializing in the production and fabrication of dewater boxes from raw steel.

Cleaned up all mis-coded mis-mapped items within QuickBooks, created customized budgets to help better manage manufacturing costs and project revenue.

Input all quotations from Zoho CRM into QuickBooks for invoicing of progress billing, utilizing Percentage of Completion Accounting for revenue recognition.

Set up digital time keeping system (Webclock) to properly capture labor cost related to specific jobs.

Cut overhead costs 67%.

Increased cash flow by 2 times than what had previously been recognized.

Collected $250,000 in past due receivables that were deemed uncollectible.

Set up receiving procedures for the Production and Logistics Department to properly account for inventory.

Reported monthly job profitability capturing all costs including allocation of manufacturing overhead.

Set-up, ran, and organized weekly production meetings to keep track of jobs on the manufacturing floor.

HR-set up payroll with a new payroll provider. As well as, set-up new benefits for all employees and managed documentation for new hires.

Managed to regain terms with all vendors that had previously put the company on COD.

Set up a Merchant Account allowing the company to accept credit cards and online ACH payments.

In charge of securing all insurance, IT, and other service-related contracts

Drafted and executed all Rep Agreements

Created PowerPoint slide presentation for Lunch and Learn education of equipment sales with manufacturer’s reps.

Website Design-with the help of IT, created the website from scratch after it was lost due to nonpayment.

Filing of monthly sales taxes.

Set up phone systems and managing dial plans for the company.

Drafting of all rental agreements for rental equipment sales.

Documented best policies and procedures for project flow encompassing quoting, design (CAD Drawings), invoicing, QC, and document retention policy.

Reviewed all legal documents for lawsuits and various legal matters.

Ramby Chiropractic Mar 2016 – Feb 2020

Controller/Business Turnaround

Organized and ran two chiropractic clinics. Managed and trained 5 employees.

Made the company profitable so the owner could sell the business for $2MM.

Raised collections from $300K to $500k maintaining that level for 3 years, increased profitability to afford the owner the opportunity to sell the practice and retire.

Organized all bad debt and employed a collections company to take over uncollectable patient accounts.

Set up new accounting system to support insurance claims and external reporting.

Verified Insurance and medical billing utilizing Healthfusion.

Negotiated settlements with attorneys on PI cases.

Maintained QuickBooks and monthly close process.

Collected over $45k in unpaid paper claims with insurance companies and VA, recovering the majority of uncollectible accounts.

Marketing and development of business relationships with attorneys to draw in new injury cases which comprised 65% of business.

Drafted relationship contracts to make sure practice stayed within guidelines of Stark Law

Drafted legal contracts for sale and financing of business to a new Doctor.

Set up texting App to increase patient return business and cut down on overhead.

Collected and paid property taxes on all real estate holdings.

Paid payroll taxes and managed HR. Wrote policies and procedures manual.

Symmetry

Owner Jan 2002 - Mar 2016

Painted/built/remodeled real estate flipped for profit.

Performed accounting for all construction and project costs.

Performed budgeting and accounting for all contingencies.

Secured financing/managed all debt and cash flow related to projects.

Enron Jan 1998 - Dec 2001

Accounting Manager

Researched accounting pronouncements, reporting findings to company Directors for income recognition in derivative/trading accounting.

Met with auditors to negotiate findings on research to allow proper revenue recognition and document findings to support future deals.

Reviewed contracts to identify complex accounting matters and provide technical accounting guidance.

10K/10Q External Financial Reporting year-end/quarterly financials, netting receivables

Maintained company reserves.

Served as research liaison between accounting, legal, dealmakers and auditors - presentation, negotiation and documentation.

Special projects - set up database to track deal accounting.

Due diligence, risk mitigation, projections, and budgeting.

Flowers Industries Oct 1996 - Jan 1998

Assistant Controller

Manufacturing/Cost Accounting Inventory FIFO.

Accounting for cash deposits.

Accounts Receivable.

Loans on distributor franchises.

Corporate tax returns.

Year-end financials and weekly close of books.

Managed 10 employees.

Hibernia National Bank Aug 1995 - Oct 1996

Credit Analyst-Commercial Loan Division

Analyzed financial statements of companies applying for business loans greater than $2MM.

Projected ability to repay and analyzed industry risk factors.

Compiled review and presentation data for new and existing loans.

Instructed an accounting course for new credit analysts.

Assisted in the development/training effort by preparing company policy for new analysts.

EDUCATION

University of Louisiana at Lafayette

Master of Accountancy 2012

Bachelor of Business Administration in Accounting 1995

Summa Cum Laude

GPA 3.99

CPA 1996 (inactive LA license #22996)

Awards and Honors, top 5% Analyst Performance 4 years in a row

THEA Testing 2017 298/300 Writing

283/300 Reading

263/300 College Level Math

Excel LinkedIn Training Module by Dennis Taylor: Advanced Functions and Formulas

REFERENCES

Todd Ford 713-***-**** ****@***********.***

Maria Borges 832-***-**** *****@*********.***

Fran Sterling –281-***-**** ****************@*******.***

Meghan Taylor 281-***-**** *********@*****.***

Dahlia Sanchez 832-***-**** ******.***@*****.***

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