Management Financial

JEFFREY N. FARNSWORTH, MBA

************@*****.*** P# 702-***-****

C# 702-***-****

EXECUTIVE

A Senior Level Executive with hands on experience in management, business leadership, working with Board of Directors, Banks and Attorneys. A demonstrated track record in analyzing and implementing sound corporate decisions, while significantly enhancing the financial strength and overall efficiencies of the company.

Areas of Expertise includes:

Financial & Strategic Planning & Analysis Staff Management & Development

Budget Development & Management Business Expansion

Accounting & Financial Operations Contract Negotiation

PROFESSIONAL EXPERIENCE

SOIL TECH, INC. Las Vegas, Nevada Controller 2010-Present

Vice President and Executive Committee member directing a multi-division specialty contracting company. Responsible for the organization's overall financial position, risk exposure, financial stability, liquidity and growth; creation and distribution of pertinent cash flow analysis, forecasting, budgeting and reporting; resulting in highly efficient and transparent corporate operations and strategy implementation.

Operational Achievements

• Directed quarterly plan review process and strengthened accountability of all departments by partnering with senior-level department heads throughout the company.

• Implemented strategies to redeploy company resources, cut inefficiencies, increased productivity while effectively creating a cost savings of 5% of the accounting budget.

Financial Achievements

• Cut outstanding 60+ days receivables 78% by developing aggressive collection strategies and establishing constructive dialogue and relationships with delinquent accounts.

• Negotiated and structured financing agreements, resulting in a 1.25% rate reduction, easing loan covenants, creating simplicity in loan draws while eliminating significant risk to the owner.

• Analyzed debt financing optimization and implemented strategies to acquire necessary funding for continued operations.

Technology Achievements

• Championed the installation and training of new accounting software, advancing the archaic accounting procedures into an up to date, job costing, efficient and compliant system.

• Integrated new payroll and human resource management software, policies and procedures. Resolving long-standing reporting and record keeping problems, created efficiencies saving 16 hours per work week.

• Redirected organization-wide resistance to upgrading and streamlining procedures that significantly improved the overall efficiency of the company.

RAPID MECHANICAL CONTRACTORS, INC. Las Vegas, Nevada Chief Financial Officer 2008-2010

Chief Financial Officer and Executive Committee member directing a Las Vegas, NV mechanical contracting company. Accountable for the organization's overall financial position, liquidity, growth and financial stability; overseeing preparation of quarterly & annual profit/loss statements and capital budgets. Create and distribute cash flow analysis and reporting, resulting in efficient corporate financial operations.

Operational Achievements

• Implemented strategies to redeploy company resources, resulting in the elimination of overlap in monthly assignments being preformed.

• Directed annual plan review process and strengthened accountability of all departments by partnering with senior-level department heads throughout the company.

Financial Achievements

• Cut receivable write-offs 11% by developing aggressive collection strategies and establishing constructive dialogue and relationships with delinquent accounts.

• Negotiated and structured financing agreements, resulting in a half basis point reduction, easing loan covenants, creating simplicity in loan draws while eliminating significant risk to the owner.

Technology Achievements

• Redirected organization-wide resistance to upgrading and streamlining procedures that significantly improved the overall efficiency of the company.

• Championed the installation and training of new accounting software, resolving reporting problems, creating cost savings, and shaping the support needed for corporate growth.

TRANSWESTERN INVESTMENT REALTY Las Vegas, Nevada Vice President - Finance 2007-2008

Recruited to ensure the efficient and cost-effective development and utilization of management information systems and to oversee the allocation of financial resources; identify cost-effective alternatives; establish and ensure the use of internal controls of financial systems.

• Initiated accounting and reporting systems conversion from an archaic environment to utilizing the latest technologies. Effectively decreasing reporting and data input time creating efficiencies throughout the department. Reducing monthly closing of financial statements from 25 to 12 days.

• Implemented the first annual budget. Orchestrated the budget process will all departments and presented to the Board of Directors and CEO for final approval. Forecasting and financial results versus budget were presented weekly to executive management.

• Negotiated insurance contracts with various carriers and created savings for twelve properties under corporate management.

CONCORDIA HOMES OF NEVADA Henderson, Nevada Financial Manager 2004-2007

Responsibilities encompassed: comprehensive accountability for proformas, forecasting, managing cash flow and budgetary accountability; maintaining excellent banking relationships acquiring over $100 million resulting in successful financing of corporate projects.

• Nominated to head economic research team for local and remote development feasibility.

• Compared lender/investor programs on an ongoing basis determining most cost effective debt structure for upcoming projects.

• Member/Treasurer of the corporations community involvement committee.

• Key member of senior management team with responsibility for all budgets.

ICON HEALTH & FITNESS Logan, Utah Credit Analyst/Accounting 2002-2003

With annual sales of just under $1 billion Icon Health & Fitness is the world leader for in home health care equipment. Through exceptional performance on smaller accounts, executive management assigned me to oversee roughly 45% of the companies annual receivables.

• Managed company’s largest accounts - $400 million; through internal auditing found and strategically negotiated repayment of $3 million in over billed advertising expenses.

• Conducted in-depth vendor compliance research, addressed financial disputes with customers, and appropriately adjusted General Ledger.

• Presented weekly vendor compliance and financial results to company Treasurer and senior directors.

EDUCATION

Masters of Business Administration, 12/03

UTAH STATE UNIVERSITY GRADUATE SCHOOL OF BUSINESS, Logan, Utah

Bachelors of Science - Finance/HR Management, 5/01

SOUTHERN UTAH UNIVERSITY, Cedar City, Utah

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