Byron Solvason
Spring City,PA
Summary
Highly motivated Chief Financial Officer with operational excellence and demonstrated strengths in forecasting, reporting and special project activities to support executive decision-making. Highly adaptable to accomplish goals in fast-paced environments. Recruits and develops finance team to provide crucial support to operations. PE backed M&A experience.
Overview
22
22
years of professional experience
1
1
Certification
Work History
CFO
PeopleShare
Greater Philadelphia
01.2017 - Current
- High paced, high growth contract and contract to hire private equity backed staffing company
- Led a successful exit for a PE backed Privately held large regional Staffing Company to a strategic buyer
- Prepared annual budget plans, quarterly forecasts, and monthly closing activities.
- Analyzed financial data to identify trends and recommend solutions for improvement.
- Managed the preparation of external audit reports in accordance with Generally Accepted Accounting Principles.
- Oversaw the development and implementation of systems for tracking financial performance metrics.
- Negotiated contracts with vendors, suppliers, customers., ensuring best value for company resources.
- Coordinated three acquisitions activities including due diligence reviews.
- Ensured timely filing of all required federal and state taxes; provided support during audits by regulatory agencies.
- Managed company-wide budgets, payroll, accounting and other financial operations.
- Prepared financial forecasts to support fiscal planning and management.
- Sourced, installed and implemented new accounting systems to streamline operations.
- Responsible for Strategy, Finance, Accounting, Treasury, Tax, and Risk Management
- Developed innovative, value added operational reporting as well as KPI's to drive profitable growth, and foster competition among branches and their teams
- Generated Tax Credit increases of 100%- driving process improvement & accountability to generate results
- Decreased month end close for faster reporting, freeing up time for value added finance team initiatives
Controller
Corporate Interiors
Greater Philadelphia
01.2017 - 08.2017
- Oversight of all month end close, financial statement preparation, budgets and tax
- Reorganized billing department yielding superior service to both internal and external customers
Controller
Elk Environmental
Reading, PA
01.2015 - 01.2017
- Oversight of all month end close, budgets, forecasting and payroll for $25M operation
- Streamlined billing process improving billing cycle time by over 2 days
Controller
Enterprise Holdings (Enterprise Rent-A-Car)
Philadelphia, PA
07.2001 - 07.2014
- Reporting to Regional Vice-President, provided oversight of operations with 300+ employees, and 50 locations in two states
- Managed finance and accounting functions with annual revenues in excess of $150M
- Created new reporting and analytical tools to help improve gross margins; achieved 3rd place among 85 competing Regional Offices in the company with respect to Profitability, Customer Service, Retention and Growth
- Awarded Exceptional Achievement Award for outstanding financial performance, employee development, and strong fiduciary leadership among all peers in the organization
- Advisor to Risk, Human Resources and two Operating Revenue departments providing oversight and guidance, practicing collaborative teamwork to achieve overall company and department goals
- Oversight of $14M Regional Office relocation; instrumental in pioneering new lines of support business and operational ventures associated with the relocation and new infrastructure leading to annual savings and efficiencies of $2M
- Oversight of monthly and fiscal year end closes with no reportable audit comments ever from corporate office or external auditors
- Outstanding history of employee coaching and development with over 13 employees being promoted to senior level positions within the company
- Oversight of Operations Department and lease renegotiations netting annual savings of $175K
- Led a RFP among vendors for outsourced labor netting annual savings of $350K
Education
B.Commerce (Honors), Major in Accounting, Minor in Finance
University Of Manitoba
Skills
- Mergers & Acquisitions
- Financial Planning & Analysis
- Budgeting & Forecasting
- Strategic Planning
- Collaborative Communication
- Entrepreneurship
- Financial Reporting
- Employee Engagement
- Leadership
- Team Building
- Compliance
- Contract Negotiation/Review
- Risk Management
- Corporate Leadership
- Business Intelligence & Analytics
Community Involvement Interests
- CrossFit athlete
- 8 Time IRONMAN Triathlon Finisher
- Past President/Treasurer – YMCA - Spring Valley Multi Sport Gators Triathlon Club
- YMCA – Certified Indoor Cycle Instructor, TRX certified
Certification
- CMA - Certified Management Accountant
Timeline
CFO
PeopleShare
01.2017 - Current
Controller
Corporate Interiors
01.2017 - 08.2017
Controller
Elk Environmental
01.2015 - 01.2017
Controller
Enterprise Holdings (Enterprise Rent-A-Car)
07.2001 - 07.2014
B.Commerce (Honors), Major in Accounting, Minor in Finance
University Of Manitoba
- CMA - Certified Management Accountant
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