To use my experience in building accounting departments from the ground floor, including developing processes and procedures, designing job cost systems, overseeing computer conversions and technology upgrades and supervising staff with the overall goal of providing the organization with any and all information it needs to operate efficiently, and more importantly, to be profitable. A well run Accounting department will improve your profits.
BERNADETTE WOMACK, CMA
SENIOR ACCOUNTING EXECUTIVE
Senior Accounting Executive with over 25 years operations, supervisory and management experience, including 11 years as a Certified Management Accountant. Proven leadership skills with ability to design processes and procedures and build the teams needed to implement them. Possess excellent communications skills interfacing not only with all levels of employees thru senior management but also with organization partners from suppliers to lenders. Proven leadership, creativity and attention to detail.
SYSTEM AND PROCEDURE DESIGN
Designed accounting processes and procedures, developed job cost systems and implemented computer conversion necessary to grow from a start-up to a company with over $90 million in annual revenues.
BUDGETS/PROFIT PROJECTIONS/FINANCIAL MANAGEMENT
Supervised the implementation and maintenance of budgets for up to 18 ongoing projects with annual costs in excess of $60 million in addition to creating profit projections on projects under consideration and maintaining company wide G&A and overhead budgets. Oversaw the timely preparation of monthly, quarterly and annual Financial Statements.
CASH FLOW MANAGEMENT AND CONTROL
Created cash flows on all new projects under consideration, maintained cash flows on existing projects and determined overall company cash requirements, successfully insuring that cash was always available to keep vendors and employees paid on time at all stages of the company’s growth. Worked closely with lenders to insure loans were available when needed and funded on time.
COMMUNICATION AND LEADERSHIP
Successfully hired and trained a team of accounting professionals from clerks to controllers, maintaining the lowest employee turnover rates in the company. Held classes and seminars with all departments teaching accounting procedures to ensure understanding and compliance. Extensive communications outside the company with auditors and tax accountants, coordinating funding with lenders and negotiating worker’s compensation, health and general liability insurance policies. As a member of senior management, took part in company planning and operations meetings and provided many presentations on budgets, cash flows and the current financial status of the company.
Professional Experience
SOUTH SHORE PROPERTIES, LLC 2006-2008
Controller
Reporting to the CEO, responsible for all accounting functions for a small developer with two homebuilding and one development project in California and Arizona. A fourth commercial, mixed use project was in the early design and planning stages.
Challenges: As a relatively young company, there was no job cost system in place and the company was still operating in Quick Books. Budgets were preliminary and there was no tracking in place to identify actual costs and explain variances. Prior year’s general ledger and financial statements were full of errors and incomplete.
• Brought 2005 up to date and worked with outside auditors on review of statements to insure that statements provided to outside lenders were accurate.
• Implemented conversion from Quick Books to Builder 360 and established a job cost system that allowed us to track costs at the company, project and job level which, in turn, allowed for better budgeting and projections.
• Negotiated relationship with new lender resulting in $10 million dollars in development and construction financing
• Established procedures which included the required use of purchase orders to be able to better control costs at the project level and insured that all reporting and statements were completed on time.
CARINA CORPORATION 1998-2006
VP of Accounting
Reporting to the President, responsible for establishing the processes and procedures and created the accounting department for startup homebuilder which began with one project and grew rapidly with up to 18 projects at any one time, including a mixed use commercial project and over $90 million in annual revenues. Company was successfully sold at a profit of over $25 million in 2006.
Challenge: As a startup company there were no systems in place. Charged with creating processes and procedures for job costing and identifying technology solutions.
• Designed job cost system and implemented computer conversion from Quick Books to Timberline resulting in the ability to create accurate budgets and track actual costs and variances at the project and job level.
• Developed accounting procedures and oversaw all areas including human resources and payroll, accounts payable, budget management, cash flow management and financial reporting, insuring that employees and vendors were always paid on time, budgets were accurate and timely, cash was available when needed and information needed to operate was available to management on demand.
• Provided lenders with all budgets and financial data including complete lender packages for new projects that included budgets, cash flows, product descriptions and profit projections. Personally managed relationship with the lenders to insure that loans were available when needed.
• Through rapid growth, managed cash flow requirements by continually tracking project starts and closings, all levels of budgets, loan proceeds and closing proceeds. Continued to revise and improve methods as company grew in size to $90 million in annual revenues with over 150 employees.
• Grew accounting department from being solely responsible for all functions to a staff of 10 providing all mentoring and training and creating a team with very high levels of productivity and retention.
• Saved $50.000 in General Liability premiums by negotiating combined Warranty and General Liability policies.
• Saved on Worker’s Compensation and employee health policies with annual review and bidding process of policies.
SIGNATURE HOMES/PLASTER DEVELOPMENT 1994-1998
Controller
Responsible for overseeing all accounting functions of the organization, reporting directly to CFO. Provided leadership and training for staff, prepared monthly and annual financial reports, oversaw annual audit and coordinated processes and procedures with the purchasing and IT departments.
COORS OF LAS VEGAS 1987-1993
General Accountant/Credit Manager
STANDARD PACIFIC OF TEXAS 1983-1987
Accounts Payable and General Accountant
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Education
University of Texas at Arlington – Major: BBA Accounting
Institute of Management Accountants – Certified Management Accountant designation
CCIM Institute – Financial Analysis for Commercial Investment Real Estate
Ashworth Career School – Income Tax Preparation
Professional Associations
Past president and current board member of the Las Vegas Chapter of the Institute of Management Accountants
Current board member of the Northwest Las Vegas chapter of Le Tip
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