Griselda Viteri

In my role as Senior Finance Manager at Fohr, I direct the oversight of financial operations with a focus on compliance, innovation, strategic growth and robust financial governance.

My duties are centered around:

• Lead revenue recognition process
• Strengthen internal controls by enforcing GAAP compliance and procedures
• Conduct regular internal and external audits
• Managed accurate and timely preparation of monthly financial statements
• Manage the daily operations of the Staff Accountant and AP Associate fostering a culture of continuous learning and professional development within the finance team.
• Implement and refine systems to control and monitor expenses, enhancing operational efficiency and financial accuracy.
• Facilitate ad-hoc company wide projects

Significant Achievements:

• Purchase Order System Implementation: Developed and implemented a streamlined purchase order system, improving procurement efficiency, financial tracking, and compliance with internal controls.
• Redesigned Critical Financial Process: Streamlined key monthly financial process, eliminating reliance on external consultants, reducing errors, and significantly improving efficiency.
• ASC 606 Integration and Compliance: Led ASC 606 implementation, improving transparency and reliability of financial statements.
• Advanced Financial Modeling: Developed and implemented financial models in Netsuite & OpenAir, managing $5.7M+ in monthly transactions and improving revenue and cost tracking for better strategic decisions.
• Month-End Close Process Optimization: Reduced close time to one week by implementing a structured timeline and automated reconciliations, improving accuracy, efficiency, and team coordination.
• Finance Product Management: Liaise with the product team to develop and integrate financial systems into in-house software, improving revenue tracking, board reporting, and alignment with business goals.
• Contracting Pipeline Development: Developed a contracting pipeline that streamlined project tracking, integrated SOWs, and improved accounts receivable, financial control, and revenue forecasting.
• Software Implementation: Implemented new accounting and project management software that automated manual processes, significantly increasing accuracy and efficiency in financial reporting.

As the Financial Operations Manager, I lead the strategic overhaul of internal financial processes, significantly enhancing efficiency and accuracy.

My key duties included:

• Led the transition of accounting operations from a third-party to in-house, ensuring seamless integration and oversight.
• Implemented automation tools to enhance reporting on expenses and profitability, supporting strategic decisions.
• Developed utilization reports and revenue forecasting models to optimize staffing and financial projections.
• Created detailed revenue reports, providing critical insights into performance for stakeholders.
• Managed ad hoc projects, delivering strategic recommendations aligned with business goals.
• Implemented a payroll EPO system, improving payroll accuracy, benefits administration, and employee satisfaction.

Significant Achievements:

• Rate Card Development: Collaborated with the CEO to conduct extensive market and internal cost analyses, establishing competitive rate cards that align with industry standards and organizational goals.
• Revenue Forecasting Innovation: Designed sophisticated revenue forecasting models based on employee costs and operational data, substantially improving the accuracy of financial forecasts and aiding strategic planning.
• Strategic Finance Reporting Development: Owned the development and delivery of strategic finance reporting for Board materials, creating comprehensive, insightful reports that enhanced board-level decision-making.
• Revenue Recovery and Compliance Correction: Successfully identified over $500k+ in unrecorded revenue during the transition of financial operations in-house and a subsequent audit of historical data. This discovery was due to the previous accounting firm’s non-compliance with ASC 606 guidelines. Promptly reevaluated profit distributions and executive bonuses, ensuring accuracy and adherence to financial standards.