Margie Hartnett
Kingwood,Texas
Summary
Senior accounting executive with a strong track record of identifying areas for improvement and implementing strategies to drive organizational efficiencies, resulting in increased revenues and profits. Proven leader capable of providing detailed work as an individual contributor and effectively managing high volumes of invoices (receivables and payables). Skilled in directing month-end and annual closings, creating budgets, forecasts, and financial reports that offer valuable insights to management, facilitating positive change and propelling organizations towards greater achievements.
Overview
22
22
years of professional experience
Work History
Corporate Controller
Unified Communications
01.2023 - Current
- Highly challenging position as company had not performed any balance sheet reconciliation and bank reconciliation that had not been done for 2.5 years
- Reconciled information that had not been moved into the new ERP system
- Managed staff to perform and complete bank reconciliation
- Reviewed and reconciled balance sheet accounts
- Completed end of the year financial statements to present in compliance with revolver
- Completed Borrowing Base certificates from prior year thru present
- Trained and mentored staff on proper Accounting treatment of assets and liabilities
Corporate Controller
Centre Technologies, Inc.
08.2020 - 10.2022
- Recruited by my former CFO to join this $60 million, multi-location, private equity sponsored, full-service IT consulting, cloud, and managed services provider with a focus on mid-sized businesses, recognized for its experience and enterprise-grade cloud and cybersecurity solutions
- Continuously enhanced the accounting function including team development, monthly closing process, financial reporting, resource allocation, budget management, and companywide cost savings
- Completed monthly financial package including all required financial statement as well as prepared quarterly compliance package for lenders and Board of Directors, annual revenues of $60 million
- Managed all aspects of Accounts Payable, Payroll, Billing, Accounts Receivable, Collections, Procurement, and Financial Reporting
- Supervised, guided, and mentored staff
- Created an environment where exchange of ideas was encouraged
- Selected New ERP System – NetSuite - Implementation in progress
- Directed financial audit activities and managed external CPA firm worked with outside auditors
- Participated in the acquisition and integration of acquisitions
- Performed credit analysis on new customers
- Hands on leadership of all treasury management activities and interaction with external banking partners
- Cash management duties including budget management, cash forecasting and cash flow
- Oversight authority on all expenditures
Corporate Controller
WDC Acquisition LLC d/b/a Wellman Dynamics
05.2019 - 08.2020
- Highly Challenging Private Equity Turnaround – Aerospace manufacturing, providing castings used in U.S
- Department of Defense aircraft and commercial aircraft
- Wellman went through a difficult bankruptcy in 2016-2018 and was acquired by Trive Capital in 2018
- Major customers include Sikorsky, Bell Helicopter, Pratt & Whitney, Boeing, GE, and Rolls-Royce – $50 million in annual revenue
- Prepared and distributed financial package to internal and external customers
- Managed cash activities in a highly cash strapped industry with DPOs of 60+ days without impacting operations or damaging vendor relationships
- Maintained bank relationships with full access to all accounts including signatory rights
- Secured funding requests for military grant awarded to WDC for plant modernization
- Leveraged and managed debt facility with financial institution
- Drove annual physical inventory audit identifying parts for write-off due to obsolescence
- Contributed to decisions regarding company strategic planning
Controller
Realty in Motion and related entities
08.2012 - 01.2019
- Conglomerate – three law firms, trustee firm, title company, newspapers, aircraft, real estate development; complete financial leadership of $200 million diversified financial group with 32 entities
- Champion of all legal, trustee and ancillary needs of national mortgage business with operations in Seattle, Honolulu, Anchorage, Orange County, California, and Atlanta
- Leadership of software development, implementation, and support; streamlining title and escrow services, foreclosure support, and trustee auction services
- Consolidated all accounting and reporting departments; resulting in a reduction in annual administration costs of $2 million and reduced financial reporting cycle time by 10 business days
- Outsourced billing functions to generate $300,000 in annual cost savings
- Operated as Configuration Team Member while leading conversion to Microsoft Dynamics ERP
- Accelerated cash collections by $2 million by reducing days sales outstanding in accounts receivable by 10 percent through team training, accelerated billing, and more effective collection techniques
- Revised and remediated finance, accounting, operations to strengthen internal accounting controls through the implementation of lean systems and best practices, resulting in $175,000 in material improvements, 18 percent lower costs, and reducing financial reporting cycle times by 35 percent in the first six months
Accounting Manager
Community Connections
07.2011 - 03.2012
- Financial leadership of a foremost human services organization focused on independence and personal growth
- Leadership of all accounting functions including preparation of monthly financial statements and analysis
- Presented financial package to Board of Directors and trained senior leadership team on critical metrics
- Trained staff to effectively complete accounts payables, receivables and payroll; while concurrently executing continuous internal financial audits
- Established review process for reducing duplicate payments to vendors and improving compliance with escheatment laws
Project Manager
University of Idaho
07.2007 - 04.2010
- Selected to drive Sarbanes-Oxley compliance and create comprehensive system of internal controls; improved all compliance systems including grants, authorizations, and interfacing with governmental regulations
- Continuously identified and documented weaknesses, as well as underperforming areas of internal controls to achieve Sarbanes-Oxley compliance
- Ensured compliance with grant regulations by researching purchasing card transactions during audits
Vendor Services Accounting Manager
Computer Associates (CA)
04.2006 - 03.2007
- Engaged in Six Sigma analysis of daily processes to create efficiencies
- Established workload balance for staff and methods of measurement
- Resolved invoicing issues to foster loyalty between our company and our partners
Accounting Manager
Interstate Hotels and Resorts (IHR)
02.2003 - 04.2006
- SOX Specialist - created, established, and tested internal controls in compliance with Sarbanes-Oxley requirements for a publicly traded company
- Developed cost saving methods to reduce process time for payment of invoices
- Identified and investigated fraud in travel reimbursement process
- Responsible for month-end close of accounts payable and receivable including account reconciliations and debt analysis
Education
Master of Science - Accounting
University of Idaho
Bachelor of Science - Accounting
Carroll College
Skills
- Financial Planning
- Accounting Best Practices
- GAAP
- Sarbanes-Oxley
- Budgeting & Forecasting
- Team Building
- Account Management
- Consolidations
- Cash Flow
- Quality Assurance
- PeopleSoft
- Microsoft Dynamics
- QuickBooks
- Lawson
- MAS90
Timeline
Corporate Controller
Unified Communications
01.2023 - Current
Corporate Controller
Centre Technologies, Inc.
08.2020 - 10.2022
Corporate Controller
WDC Acquisition LLC d/b/a Wellman Dynamics
05.2019 - 08.2020
Controller
Realty in Motion and related entities
08.2012 - 01.2019
Accounting Manager
Community Connections
07.2011 - 03.2012
Project Manager
University of Idaho
07.2007 - 04.2010
Vendor Services Accounting Manager
Computer Associates (CA)
04.2006 - 03.2007
Accounting Manager
Interstate Hotels and Resorts (IHR)
02.2003 - 04.2006
Bachelor of Science - Accounting
Carroll College
Master of Science - Accounting
University of Idaho
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