Expert in Accounting, Internal Controls Design, Financial Reporting, Human Resource Plans, and Growth Plans
Expert ID: 730667 Minnesota, USA
As a business consultant Expert has used cost accounting methods in the evaluation of product pricing. Working with the business owner Expert gained knowledge of the businesses manufacturing process including procurement and pricing of raw materials, labor involved with manufacturing and an evaluation of facilities and administrative costs that need to be segregated into direct and indirect costs to determine the true cost of the product. This allowed the business owner to evaluate sales pricing to provide an optimal profit margin. Expert has applied principles of management accounting and knowledge of business operations in his role as CFO and as a consultant. As the CFO Expert has been required to prepare operational budgets and evaluate those budgets against actual results. This provided business owners and department heads with necessary information to evaluate their procurement policies and also provided feedback for management of expenses. As a consultant Expert has assisted businesses with setting up operations including assisting with registration of the business with government agencies. Expert has participated in corporate strategic planning including forecasting revenue and expenses and putting together cash flow plans to ensure the success of the businesses growth strategy. Additionally, Expert put in place a cash flow reporting system which allowed a company in a high cash flow risk industry to ensure that management was able to respond to unforeseen cash needs quickly without impacting the company’s ability to continue operations in other areas. Expert has utilized Quicken accounting software and was previously certified as a QuickBooks ProAdvisor. Expert has utilized spreadsheet software for a number of types of data manipulation and evaluation including using Excel as a tool for managing large volumes of inventory information and using Excel to consolidate multiple operations for financial reporting. Expert has designed employee benefits packages and administered those programs. Expert has processed payroll for large companies including commission calculations, payroll deductions, quarterly payroll tax returns to state and federal agencies and has performed these services for small companies. Expert has worked with payroll processing companies outsourcing payroll tasks and monitoring vendor performance to ensure compliance with all state and federal guidelines minimizing the risk that the company would be found negligent in its payroll procedures.
Expert has been licensed in the state of Minnesota to sell Life Insurance products and Health Insurance products. He has been trained on annuity contracts and how they are administered, he has been trained in field underwriting of disability and life insurance products and he has consulted with businesses and individuals, evaluating their risks and risk tolerances putting in place risk programs that include life insurance, health insurance and disability insurance. Expert has experience working with workers compensation insurance putting in place policies at companies that he was performing the duties of the accounting controller. Putting in place a worker’s compensation program is an integral part of a company’s risk management program ensuring that employees are covered in the event of an injury or illness that is related to the work being performed. Expert has extensive training in insurance sales practice including prospecting techniques, solution based selling and working with clients to document risks and propose product solutions that address those risks. Expert has performed as an expert witness in, business litigation, arbitration and criminal cases. He has prepared law enforcement reports document the facts of incidents that he has investigated. Expert has been deposed related to accounting practices, internal controls, equity calculations and general business practices. Expert has been cross examined as a witness regarding accounting practices, internal controls, business practices, transaction classifications and financial reporting.
He has worked with a small retail manufacturing company, from the companies inception. He worked with the owner to register the company to do business in the state, registered with the IRS and the state to withhold and remit sales tax on merchandise sold. He set up the accounting system, and set up the record keeping and administrative system, training the client on record keeping requirements. Currently working with the client on month end closing of the accounting records, analyzing manufacturing costs to maximize profits of the retail side of the company.He worked with client on closing the accounting records monthly and processing the payroll, filing quarterly state and federal payroll tax returns. He closed the accounting records annually and worked with tax preparer to ensure that the annual partnership tax return was completed and processed annual W-2 forms and 1099 Misc forms for independent contractorsHe helped a client that had purchased all outstanding shares of the company and setup new company including fair market value calculations of assets purchased. Currently working with client on a monthly basis to ensure accurate month end close and preparation of monthly internally prepared financial statements.He worked with a client setting up the accounting system and completing the bookkeeping activities of a purchase of a public company, recorded the company interest in a joint venture and the sale of shares to the joint venture. He set up the revenue recognition system and advised on the proper accounting treatment of distributions to owners.
|Year: 2006||Degree: BS||Subject: Accounting||Institution: Minnesota School of Business|
|Year: 2005||Degree: AAS||Subject: Management Accountign||Institution: Minnesota School of Business|
|Years: 2012 to 2012||Employer: Accountemps / Thomson Reuters||Title: Inventory Accountant||Department: Tax & Accounting Inventory|
Responsibilities:Provide month end inventory closing support by analyizing information provided by the business unit and preparing journal entries to reflect activity. He prepares month end reports summarize inventory activity for management.
|Years: 2011 to 2012||Employer: SG Financial, LLC||Title: Insurance Representative||Department:|
Responsibilities:He prospects for clients, meets with prospects to evaluate personal or business risks and recommends insurance products that will protect the client from catastrophic loss.
|Years: 2008 to 2011||Employer: Twin Cities Power, LLC||Title: Controller / CFO||Department: Accounting|
Responsibilities:He was responsible for all activities related to the operation of the accounting department and for financial reporting of the company. Primary duties included cash management, month end close, internal and external financial reporting. Secondary duties included maintaining banking relationships, working with outside auditors, supervising accounting deparment staff.
|Years: 2003 to 2008||Employer: Fairway Dairy & Ingredients, LLC||Title: Controller||Department: Accounting|
Responsibilities:He is responsible for all activities related to the operation of the accounting department and for financial reporting of the company. Primary duties included cash management, month end close, internal and external reporting, preparing commission schedules for sales staff and supervising personnel. Secondary duties included maintaining banking relationships, maintaining relationships with external auditors and evaluating vendor relationships related to insurance and payroll.
|Years: 2001 to 2003||Employer: FMC Park Avenue Dialysis||Title: Patient Care Technician||Department: Patient Care|
Responsibilities:Check patients into the clinic, document current status including height and weight and take a brief patient history. Also responsible for set up of dialysis machine and safe operation during treatments. Responsible for inititating treatement and monitoring patient during treatement, concluding treatment and evaluating patient prior to discharge from the clinic. Secondary responisbilities as clinic safety representative providing training on safety devices, policies and OSHA guidelines.
|Years: 2000 to 2001||Employer: US Air Force Reserve, 934th Airlift Wing||Title: Police Officer||Department: Security Forces|
Responsibilities:Provide access control to the base and to restriced areas. Provide patrols and emergency response to base facilities. Provide law enforcement on base. Secondary responsibilities included traffic accident investigator.
|Years: 1998 to 2000||Employer: Regis Corporation||Title: Payroll Supervisor||Department: Payroll|
Responsibilities:Provided payroll processing support to Regis corporate owned salons nationwide. Primary duties included payroll processing, data entry of new employees, calculation of payroll taxes, garnishments, benefits deductions and terminated employee final checks. Provide customer service to salon employees related to information on the calculation of payroll checks, commissions and explanations of deductions. Supervise junior payroll processors providing training, performance evaluations and assisting with data entry.
|Years: 1991 to 1995||Employer: US Navy||Title: Payroll processor, Agent Cashier||Department: Disbursing / Payroll|
Responsibilities:Utilizing the Navy payroll and disbursing system, processed payroll and travel payments for military personnel. As the agent cashier responsibilities included cashing checks, classifying payments made by the command and reporting all financial transactions processed by the command to the Defense Finance and Accounting Service. Supervise junior personnel, conducting training and performance evaluations as well as setting work schedules and counciling personnel.
|Years: 1991 to 1995||Agency: US Navy||Role: Disbursing Clerk||Description: He has processed payroll for military personnel, as agent cashier classified and reported all payments made at the command he was assigned and reported results to DFAS agency|
|Years: 1997 to 1998||Agency: US Air Force Reserve||Role: Police Officer||Description: Provide law enforcement and emergency response on reserve installation, also provided entry control to installation and to restricted areas of the installation and provided physical security to all assets on the installation|
|Years: 2000 to 2001||Agency: US Air Force Reserve||Role: Police Officer||Description: Provide law enforcement and emergency response on reserve installation, also provided entry control to installation and to restricted areas of the installation and provided physical security to all assets on the installation|
|Years: 1998 to 2004||Agency: Minnesota Air National Guard||Role: Flight Medic||Description: Provided inflight patient care to injured and sick military and civillian personnel. Provided pre-flight care to injured and sick military and civilian personnel awaiting transport. Provided medical care to patients admitted to military health care facility. Provided emergency medical care to military and dependents on the installation.|
|Years||Country / Region||Summary|
|Years: 2008 to 2011||Country / Region: Canada||Summary: Performed duties of Chief Financial Officer including overseeing staff recording expenses for the company. He worked with independent auditors to complete company annual audit. Prepared financial statements including notes in accordance with Canadian GAAP standards|
|Years: 2012 to Present||Country / Region: Canada||Summary: Consulting with Canadian energy trading company preparing journal entries to record expenses, performed an internal controls evaluation and prepared a report on the current controls environment and suggestions for improvements to the companies internal control system. He has provided research information regarding financial statement preparation in accordance with IFRS and has researched tax issues related to expenses and ownership distributions.|
|Associations / Societies|
|Institute of Management Accountants
|Licenses / Certifications|
|Life and Health Insurance Minnesota
Accredited Business Accountant
Chief Financial Officer
Parent Teacher Organization President
|Awards / Recognition|
|Junior Sailor of the Quarter, US Navy
Navy Achievment Medal
|Expert Witness Experience|
|He has provided testimony in business litigation and arbitration hearings in the form of depositions and appeared as a witness. He has testified about internal control design, financial reporting, accounting treatment of transactions, application of Generally Accepted Accounting Principles, calculation of bonus payments, business management practices and business operation processes. Additional legal experience as a law enforcement witness presenting testimony related to facts gained through observation and investigation of federal and state laws.|
|Training / Seminars|
|Completed a course on FAS 133 Derivatives and Hedge Accounting covering accounting principles of classification of derivative instruments, GAAP rules of hedge accounting and financial statement presentation and associated notes for derivatives and hedges.
Completed a course on Derivatives and Hedge Accounting for Electricity Companies covering accounting principles related to classification of derivative instruments, GAAP rules of accounting for hedges and unique financial statement presentation of notation of hedges for electricity companies and energy companies.
Completed course on Electric Utility Basics covering generation, delivery of electricty, operation of an electric utility, economics of power grid and regulation by the Federal Energy Regulatory Commission and the National Energy Regulatory Commission.
Completed US Air Force Traffic Accident Investigation course covering general investigative principles, diagraming an motor vehicle collision site, documenting evidence obtained during the investigation and preparation of investigation report.
Completed US Air Force Flight Safety NCO course covering the US Air Force Flight Safety program including investigation principles, presentation of findings and design of flight safety program.
|As the controller he evaluated accounting software and selected vendor for implementation of new accounting software and training of personnel. He selected outsourced payroll processor based on needs of the organization. He selected Public Accounting firm based on needs of the organization for financial reporting and tax preparation. Selected Public Accounting firm when organization decided to sell Corporate Bonds in the public market.|
|He has done significant research and prepared financial plans, forcasts and obtained additional funding in the Dairy and Agricultural industry including evaluation of current commodity prices, trends in production, projected direction of commodity prices and he has experience with inventory valuation during volitile commodity price periods.
In preparing the financing plan for the electricty company he has done extensive revenue modeling based on sources of income including derivatives transactions, day ahead bidding, up-to congestion and scheduling physical power flows.
|Other Relevant Experience|
|As a consultant he has prepared state registration filings, registered businesses with the Internal Revenue Service, set up of accounting system, record keeping systems, inventory system and assisted clients in cost accounting project to determine pricing of retail goods manufactured by the client.|
Fields of Expertise
accounting, accounting system, corporate accounting, corporate finance, policy, procedure, debt, derivative (finance), futures (finance), internal controls, option (finance), securities finance, budget control, business management, business operations, corporate strategic planning, cost accounting, facilities and administrative cost, management accounting, Quicken, spreadsheet software, bookkeeping, employee benefit, payroll, cash management, annuities, annuity insurance, commodities, disability insurance, expert witness, health insurance, insurance, insurance sales practice, life insurance, total permanent disability insurance, workers' compensation, insolvency, agriculture accountancy, Federal Deposit Insurance Corporation, insurance coverage, experience modification, insurance brokering, recruiting, risk, pre-existing condition, insurance underwriting, underwriting, residential mortgage, insurance licensing, dental insurance fraud, insurance fraud, accounting fraud, breach of contract, insurance contract, life insurance claim, accounting ethics, property management accounting, restaurant accounting, gas accounting, forensic accounting, construction accounting, payroll audit, internal audit, accounting policy, business strategy review, account review, professional liability, insurance law, loss of use insurance, excess and surplus insurance, errors and omissions insurance, surplus lines insurance, real estate insurance, bad faith insurance, house insurance, HMO insurance, employment insurance, dental insurance, commercial insurance, business insurance, insurance investigation, fraud investigation, insurance regulation, accounting technology, insurance agency management, asset management, ethics, preferred provider organization, mergers and acquisitions, medical billing, escrow, fraud, financial malpractice, swap, directors and officers liability insurance, no-fault insurance, property insurance, liability insurance, casualty insurance, general contractor, internal security (military), purchasing, business intelligence, agreement, cost modeling, property protection auditing, cost reduction, contract, insurance claim, cost analysis, application software, cost estimation, cost-benefit analysis, cost, cost control, construction, review, forensics, analysis technique, technology, risk management, resource, cost engineering