A strategic integrator and finance leader, who improves systems, controls and processes that facilitate growth and enhance profit. Understands the big picture and the brush strokes within it: - the science of finance, and art of deal making, which enable thought leadership and tactical execution for both acquisition and organic growth. Experienced in diverse finance roles for private and public companies in manufacturing, utilities, technology and service industries.
Leverages technology to guarantee pertinent data and clear metrics that enhance business decisions and ability to course correct. Adept at managing cash flow, contract negotiations and systems implementations to include: Microsoft Dynamics, SAP, Oracle, NetSuite. As an active CPA, remain current on accounting rules and regulations, to include IFRS and China GAAP.
A collaborative, inquisitive and results focused leader who builds strong relationships internally and externally that aid communication and teamwork. Seeks inclusive input on critical issues and gains buy-in on action plans to successfully accomplish goals. Coaches team members to build skills and prepare for professional advancement.
Lee Prinkkila, CPA CGMA
Vice President of Strategic Accounts
LinkedInLeeP@gmail.com
O: 952-540-4069
Specialties: Member of the American Society of CPA's and Minnesota Society of CPAs
Interim Chief Financial Officer @ There are three things I look for in a place to work: 1. cool people, 2. cool products and 3. a cool location. I have found it here at OurFamilyWizard Website or OFW®.
Here is the product: The best co-parenting tools available on the market as a Software as a Service SAAS product. The OFW® website offers divorced or separated parents an array of tools to easily schedule and track parenting time, share important family information, manage expenses as well as create an accurate, clear log of divorce communication. Why is this cool? I have heard the horror stories of divorced parents failure to communicate, this saves money by moving it out of the lawyers and courts pocket books. Here is the best part of the product - it really helps out kids.
Cool Place: They are located in Northeast Minneapolis above Dangerous Man brewing.
Cool People: It has great people. As matter of fact IT, customer service, sales and finance all get along due to great on site leadership. It is a dog friendly, work from home if you want, environment that gets stuff done. If you are in IT and ever wanted to work with me now is your chance, I can guarantee you a fun time where we can make a difference in children's lives. From November 2015 to Present (2 months) Greater Minneapolis-St. Paul AreaVice President of Strategic Accounts @ entero is a specialized Finance & Information Technology staffing and recruiting firm that was founded in Minneapolis, MN in 2006. We are delivering value with values to our clients. We are a team of accountable, wholehearted people who value long term client relationships.
I have been on assignment building my brand and working with several start-up companies who need a fractional CFO to deal with the complexities of starting a business. From February 2015 to December 2015 (11 months) Greater Minneapolis-St. Paul AreaVice President of Finance - Verifications Inc. Division of FADV @ Vice President of finance during integration creating the worlds largest employment screening organization.
• Led financial integration into Oracle within 60 days and mapping resulting in savings from maintaining two financial systems.
• Tracked synergies of consolidation reporting monthly to migration team.
• Assisted the closure, subleasing and buyout of 3 facilities. From October 2013 to February 2015 (1 year 5 months) Greater Minneapolis-St. Paul AreaVice President of Finance @ Led 7 direct reports and total team of 18 responsible for financial reporting, treasury, budgeting, risk management, pricing, contract negotiation, data scientist development and direct sales support.
• Facilitated sale of company to strategic buyer, First Advantage, executed due diligence, sale negotiations and software agreements
• Through strategic negotiating with Auditors, increased EBITDA valuation by $6M
• Implemented Microsoft Dynamics GP system upgrade that increased timeliness of financial reporting and integrated reporting into Microsoft SharePoint
ALPHARETTA, GA. and Minneapolis, MN – October 30, 2013 – First Advantage, a Symphony Technology Group (STG) company and the leading global provider of screening analytic and identity solutions, today announced that it has entered into a definitive agreement to acquire competitor, Verifications, Inc., a Minneapolis based background checking and drug testing company. As a result of the acquisition, First Advantage will add over 4,000 new clients to its over 41,000 current client relationships that process more than 15 million applicants annually.
The addition of the Verifications, Inc. screening business will quickly broaden First Advantage’s position in the growing small and mid-sized market place and strengthen the Company’s presence in key industries including staffing, healthcare and manufacturing. The Verifications, Inc. top client base boasts an average 12 year tenure including notable Fortune 100 companies. This acquisition will enable Verifications, Inc. clients to now have access to advanced solutions through the largest global footprint in the industry.
The acquisition closed October 29, 2013, subject to customary closing conditions. From May 2013 to October 2013 (6 months) Greater Minneapolis-St. Paul AreaConsultant | Interim Chief Financial Officer | CFO @ Interim Chief Financial Officer, Microbiologics, Inc. - St. Cloud, MN
Private equity held company, providing microorganisms for use in quality assurance programs.
Over 6 month consulting assignment with 5 direct reports.
• Streamlined monthly reporting by creating reporting templates within NetSuite
• Performed Cost Segregation Study and Final Loan Draws for Building Addition saving $10 thousand additional consultant fee
• Created transparent bottoms up budgeting system and reporting creating empowering cross functional reporting
• Assisted Private Equity owners refinanced organization with lender SEC compliance
• Implemented lean and modern inventory practices lowering inventory and generating 3 more days of revenue.
• Simplified inventory sub-builds and elimination of insignificant items saving ¼ FTE
• Created a valuation for company for stock appreciation plan From September 2012 to April 2013 (8 months) Greater Minneapolis-St. Paul AreaContractor Financial Reporting SEC @ Financial Reporting Consultant, Mosaic Corporation LLC - Plymouth, MN
Publicly held (ticker MOS) 11 billion dollar international mining company.
Over 5 month consulting contract for financial reporting department using SAP and Cognos
• Delivered the 10-K & 10-Q on tight deadlines and built and measured the internal reporting scorecard for the strategic leadership team.
• Trained and documented the XBRL tagging and structure to Best Practices
• Collaborated with risk management on XBRL internal controls document in Visio
• Responsible for Goodwill footnote and impairment analysis under FASB 142 From May 2012 to October 2012 (6 months) Greater Minneapolis-St. Paul AreaXBRL Senior Financial Consultant @ As a Senior Consultant I worked with a team of CPAs that assisted over 150 companies with their SEC filing. In October, I began working with over 20 Chinese companies who trade on the US exchanges. XBRL is a complicated language and I strove on building strong trusting relationships and solving clients problems. As a Financial Reporting Consultant, you can expect to develop expertise and conquer the challenges of learning from the ground-floor in a new field that is growing exponentially as XBRL expands to financial reporting and beyond. You will work on a collaborative team of accounting professionals as Merrill has the largest team of U.S.-based, CPA-level XBRL accountants in the industry.
RESPONSIBILITIES
• Manage workflow, communications and timelines for assigned clients on multiple, concurrent projects.
• Understand client prepared financial statements and create XBRL by relating the financial statements to the standard U.S. GAAP taxonomy.
• Produce and prepare XBRL-formatted financial statements for client companies.
• Provide financial services by understanding and organizing information in client financial disclosures and structuring the XBRL taxonomy accordingly.
• Participate in client meetings to present and explain XBRL information to the client personnel.
• Utilize the internal job management system to facilitate information workflow. From May 2011 to May 2012 (1 year 1 month) Consultant | Contract Controller @ Skybridge Marketing is a private company that provides a contact center, multi-channel and product fulfillment solutions. Originally known as Carlson Marketing Services.
• Sage 500 (MAS500) Implementation and replacement of Controller position
• Process documentation of system and training to staff
• Offered and created Sage 500 solutions for CRM and ERP
• Created Financial Reports and Analysis with Excel - Pivot Tables & VLookups
• Created Crystal Reports for management From February 2011 to May 2011 (4 months) Greater Minneapolis-St. Paul AreaChief Financial Officer @ Privately held manufacturing company of print, inflatable marketing and inflatable bounce house products.
Managed entire Minnesota facility after bank receivership including operations team, accounting, human resources, information technology, litigation support, and reporting systems for a marketing, manufacturing and digital print company.
• Turned around the organization to profitability in 2007 by strict cost controls.
• Implemented MAS 200 ERP accounting system from spreadsheets.
• Established strong trusting relationships with banks, customers and vendors getting favorable terms after turn around.
• Proposed new products and branding of line and new online presence, which accounted for 15% of revenues and increased gross margins by 10%.
• Facilitated the strategic plan and vision for organization including staring in marketing videos, where social media increased exponentially.
• Designed a product liability defense strategy which saved hundreds of thousands of dollars.
• Negotiated crippling top customer lawsuit to positive results, maintaining the client.
• Developed Data Scientist roll of product, geography, and customers to predict orders for China production at 3 manufacturing companies.
• Designed inventory costing system, machine times and overhead rates to properly price product. From May 2007 to February 2011 (3 years 10 months) Controller SEC Publicly Traded @ Administered the turnaround and led the accounting of a publicly-traded microelectronic multi-state manufacturing company. Provided hands-on leadership during a time of vast change. Executed process improvement for the organization and responsible for preparation of internal and external financials. Reported to CEO.
• Managed the SEC reporting process to 15 days after month end from previously 40.
• Directed two concurrent IRS audits one of which was fraud investigation of past CEO to final payment of under one thousand dollars.
• Negotiated critical repayment terms with vendors during turnaround saving company from critical shutdown.
• Designed and implemented month end close in SAP from 10 days to 4.
• Transformed collection process from 70 days to 55 resulting in free cash flow.
• Responded to bank seizure of account and in 2 days and still made payroll.
• Created cash flow plan with factoring of receivables.
• Changed banks with Wells Fargo closing on line of credit and bank account migration.
• Found lost assets of organization through investigation. From October 2006 to May 2007 (8 months) Greater Minneapolis-St. Paul AreaChief Financial Officer @ Promoted to finance leader with 13 direct reports, chiefly union. Directed the FERC financial reporting, billing system and responsible for regulatory and non-regulatory reporting each month including board presentations.
• Designed new reporting system and internal controls.
• Initiated new strategic banking alliance saving significant expense per year.
• Implemented NISC accounting software where labor tracking moved over 500,000 of labor into active projects.
• Co-negotiated pension legal settlement saving company from imminent bankruptcy.
• Created Risk Management committee and protected company’s assets.
• Structured debt management programs saving millions in costs per year.
• Chaired cross functional committee on work in process moving 12 million to 4 million in one year for higher loans
• Created collection process where we went from 1% write off historically to .4% by strong leadership.
• Co-lead the Automatic Meter Reading 20 million dollar project which transformed all the cooperative processes into the digital age.
• Developed to the Chief Data Science Officer from smart meters to maximize service routes, outage restoration plans, usage per meter which lowered operating costs.
• Lowered audit costs and time by implementing internal audit and Sarbanes Oxley (SOX) protocols. From September 2002 to September 2006 (4 years 1 month) Contract Controller @ Implementation of Syspro Impact Encore Accounting and ERP System for Snowmobile Manufacturer. that grew from 50 snowmobiles in production year 2001 to 250.
Handled Payroll, On-boarding and Human Resources for manufacturing client. From 2001 to 2002 (1 year) Controller/CFO @ Venture capital and privately owned 3 large scale automotive repair and body shops.
CFO/Controller
Responsible for 4 accounting staff and 3 office managers at each major store. Was responsible and managed all the accounting, treasury, human resources and information technology areas. Reported financials to bank & venture capitalists monthly.
• Designed operating system and scorecard for daily monitoring of stores.
• Built reports expectations with Venture Capitalist investors.
• Earned NACE Body Shop of the Year in 2000.
• Actively managed cash flow with 96% debt financing. From August 1998 to July 2000 (2 years) Certified Public Accountant (CPA) | Public Accountant and Auditor @ Lurie Besikof Lapidus & Company, LLP, is a prominent Twin Cities CPA firm providing accounting, audit, tax and consulting services to companies and individuals. Founded in 1940, the firm has more than 120 employees. LBL is a founding member of the Leading Edge Alliance, the second largest international association of independent CPA firms with more than 180 firms in 100 countries. From July 1996 to September 1998 (2 years 3 months) Greater Minneapolis-St. Paul AreaAccountant | CPA candidate @ If you are looking for a blend of personal service and expertise in a CPA firm, you have come to the right place! The services encompass nearly every aspect of financial life. We are experienced in all matters of accounting and taxation, IRS problem resolution, estates and trusts, business formation, financial planning and investment, real estate and business sales.
I prepared over 500 individual tax returns in 1996 during the tax season building a solid process, Expert on Schedule F - EIC - Section 179 planning.
We also did municipal and school district audits. Specialist in converting from cash to accrual basis using UFARS school district uniform accounting standards.
Last to use Green Bar paper. From January 1995 to June 1996 (1 year 6 months) Private Investigator @ Northern Reporting Service, Inc. is a Minnesota Corporation licensed as a Private Detective Agency in the States of Minnesota, Wisconsin, Michigan and Iowa. We have affiliates throughout the United States.
Since 1985, NRS, Inc. has engaged in a wide variety of general business and insurance investigations, specializing in defense work by providing expert video surveillance and background investigations.
NRS, Inc. employs a staff of trained investigators who operate throughout our territory on a daily basis. Corporate membership is held in a nationwide network of investigators that can provide expert investigations in all 50 states.
Company personnel are experienced in handling and supervising a wide variety of investigative work including:
● Video Surveillance ● Pre-Employment ● Workers’ Compensation ● Activities Investigation
● Personal Injury ● Arson Background ● Liability Claims ● General Background
● Assets Determination ● Death Claims ● Court Records Search ● Signed Statements
● Financial Background ● Recorded Statements ● Location (Skip Tracing) ● Medical Records
● Medical Malpractice ● Life & Health Claims From June 1990 to September 1995 (5 years 4 months) Greater Minneapolis-St. Paul Area
B.A., Accounting @ Saint John's University From 1989 to 1993 None, Accounting @ University of Minnesota Duluth From 1991 to 1991 High School @ Mesabi East High School - Iron Range Conference From 1985 to 1989 Lee CGMA is skilled in: Financial Reporting, Finance, Cash Flow, Forecasting, CPA, SEC filings, Accounting, Financial Statements, Process Improvement, Financial Analysis, Budgets, Start-ups, Great Plains Software, Analysis, Internal Controls
Websites:
http://enterollc.com,
http://lee.prinkkila@enterollc.com,
https://enterollc.com/?attachment_id=2104