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Michele King

CFO/PEO Operations Director

25 years experience providing innovative solutions, focused on finance and operations. Consistently improved team production, resulting in both decreased costs and increased revenue capacity.

Lead and inspire teams, resulting in increased productivity, low turnover, high morale. Clean up financial messes; develop and implement internal controls and modeling tools in order to increase awareness and profitability.
Organizations: Financial Executives International (FEI) Financial Executive Networking Group (FENG) American Society of Certified Public Accountants (AICPA)

 

Experience

CFO/PEO Operations Director : HRnovations, Inc. - [2007-11 to Current]
Lead and motivate Finance, Benefits, IT, and Payroll teams to improve production, increase accuracy, achieve deadlines, and work as a team. • Established operating budget (new for company), with rolling 5-year forecast, resulting in the ability to foresee upcoming cash flow shortages and implement costs savings, which further resulted in a 10% profit vs. a loss for the year. • Developed strong banking relationships, which resulted in the renewal of credit with preferred covenants. • Instilled accountability in PEO team; increased production by 20% while eliminating overtime and improving accuracy and client communications. • Transitioned multi-state tax reporting to electronic reporting for over 200 clients, resulting in a 25% process efficiency improvement.

Interim Chief Financial Officer : CFO Selections// Network Computing Arch - [2007-02 to 2007-10]
Contract position; interim CFO; clean up financial inaccuracies, develop operating budget, develop financial modeling in order to re-focus management on profitability. • Reorganized accounting team to implement internal controls, distribute workload, and promote professional growth. Within the first month, reduced month-end financial close from 60 days to 10 days. • Fostered strong banking relationships; established financial modeling and an operating budget (new for company), resulting in negotiation of improved line of credit terms.

Vice President Client Reporting : Trammell Crow - [2005-06 to 2006-12]
Lead and inspire team of 18 to provide top client service to property owners and asset managers. • Reorganized accounting team to implement internal controls, distribute workload, and promote professional growth. Within the first month, reduced month-end financial close from 60 days to 10 days. • Fostered strong banking relationships; established financial modeling and an operating budget (new for company), resulting in negotiation of improved line of credit terms.

Director of Finance : MulvannyG2 Architecture - [1999-06 to 2005-05]
Produce financial reports, create/update operating and capital budgets, oversee team of nine accounting staff. • Reduced financial reporting by 14 days; established collections process, reducing DSO from 107 days to 39 days. Reduced monthly billing cycle by 10 days. Introduced operating and capital budgeting in 1999. • Advised and trained principals in collections, financial reporting, and project management, resulting in a transformation from 25% project profitability to 75% profitability. • Successfully converted software package from Axium to BST, transferring 3,000 active projects. Oversaw audit of all data prior to conversion, as well as reconciliation of all data post-conversion.

Vice President Finance/Administration : Greenwood Heating & Air Conditioning - [1991-10 to 1999-06]
Acquisitions, mergers, banking, financial reporting, budgeting. • Negotiated, planned and implemented 8 acquisitions over a 3-year period. • Developed and fostered banking relationships, resulting in renewal of loan packages without reviewed or audited financial statements or collateral. • Reduced fuel costs for vehicles by 45%; reduced long-distance charges by 25%; reduced health insurance premiums by 35%. Implemented intensive cash flow controls to reduce DSO to 12 days. • Established Tacoma branch office, including all hiring and facilities requirements, which was profitable within the first 30 days. Implemented financial closing to the fifth of each month. • Created consolidated financial packages, including variance and overall financial analyses. • Established a collections process, resulting in 90% collection of existing over-90 day accounts. • Converted inventory software to perpetual system, which led to 98% accurate physical inventory counts.

 

Education

Bachelor of Science, Accounting : Central Washington University - [1980 to 1984]