Lynne Payne
DeGraff,MN
Summary
Skilled accounting professional bringing many years of experience working with organizations. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Agronomy Controller
Central Region Cooperative
2022.04 - 2024.03
- Identified issues with product margins, analyzed information and provided solutions to problems.
- Managed daily financial functions in collaboration with accounting personnel.
- Demonstrated respect, friendliness and willingness to help wherever needed.
- Used excellent communication skills, both verbal and written.
- Prepared all product billing for Bird Island location.
Chief Financial Officer
Bird Island Soil Service Center
2020.07 - 2022.04
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Increased cash flow by optimizing working capital management and reducing outstanding receivables.
- Oversaw payroll, and accounts payable and receivable.
- Prepared accurate financial statements on a monthly basis to summarize financial health and business performance.
- Devised and presented business to board of directors.
- Provided financial planning to analyze company's financial strengths and weaknesses and propose strategic direction including potential merger or sale.
- Ensured that sale process of Bird Island Soil Service Center to Central Region Coop was seamless including combining account systems.
Risk Manager
Farmward Cooperative
2017.08 - 2020.07
- Reduced operational risks by implementing risk management strategies and procedures.
- Developed strong relationships with fellow employees promoting culture of risk awareness and accountability.
- Managed insurance programs efficiently, balancing coverage needs with budgetary constraints while maintaining adequate protection against losses.
- Devised new systems and specific processes to handle ongoing monitoring needs for potential risks.
- Conducted regular audits of existing policies and procedures, ensuring their continued effectiveness in addressing organizational goals related to mitigating risks.
Chief Financial Officer
Coop Country Farmers Elevator
1994.09 - 2017.08
- Ensured accurate financial reporting, maintaining compliance with GAAP and internal policies.
- Developed strategic financial plans to support company growth and achieve long-term objectives.
- Managed risk effectively through comprehensive insurance coverage review.
- Oversaw successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Collaborated with leadership to establish budgetary guidelines and allocate resources efficiently across organization.
- Championed effective communication between finance personnel and other departments to facilitate cross-functional collaboration on projects and initiatives.
- Prepared accurate financial statements at end of each month to summarize financial health.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt and equity financing.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Managed financial, operational and human resources to optimize business performance.
- Provided financial analysis to the Board of Directors helping them develop strategic financial plans including potential mergers, resulting in a merger with Harvestland Coop.
- Facilitated the process of merging with Harvestland Coop to become Farmward Cooperative.
Education
Bachelor of Arts - Accounting
Gustavus Adolphus College
Saint Peter, MNSkills
- Financial statement preparation and review
- Budget Preparation
- Accounting management
- General Ledger Management
- General ledger accounting
- Financial Management
- Internal control development and management
- Audit preparation
- Staff Management
- Account reconciliation
Certification
Certified Public Accountant
Timeline
Agronomy Controller
Central Region Cooperative
2022.04 - 2024.03
Chief Financial Officer
Bird Island Soil Service Center
2020.07 - 2022.04
Risk Manager
Farmward Cooperative
2017.08 - 2020.07
Chief Financial Officer
Coop Country Farmers Elevator
1994.09 - 2017.08
Bachelor of Arts - Accounting
Gustavus Adolphus College
Certified Public Accountant
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