NATHAN PAXMAN
Vineyard
Summary
Dynamic financial leader with extensive experience as International Controller at Young Living Essential Oils, driving financial consolidation and strategic planning. Expert in US GAAP and budgeting, I successfully reduced monthly close time from 20 to 8 days while fostering strong partnerships across international teams. Proven ability to deliver actionable insights and enhance financial performance.
Overview
19
19
years of professional experience
1
1
Certification
Work History
International Controller - Executive Director
Young Living Essential Oils
Lehi
08.2016 - Current
- Direct a team of 18 international controllers, 4 regional financial controllers (Europe, Asia Pacific West, Asia Pacific East, Latin America), and a local team of 5 employees for a privately held company with $2 billion in annual revenues
- Perform the consolidation, elimination, and financial compilation of over 40 sets of books using J.D. Edwards, an Oracle based software
- Oversee and review 18 different international accounting reports each month per US GAAP standards
- Direct the budgeting, planning, forecasting, as well as financial stewardship and counsel in each market using Adaptive & Datarail software
- Provide financial leadership, guidance, and analysis on financial health and key KPI's to the executive team on a monthly/quarterly basis
- Develop business case financial models and projections with new markets with expected ROI
- Lead Committee of capital expenditures, member of the compensation committee, and member of the project manager committee
- Calculate and create performance metrics for bonuses to alignment with key KPI's and financial metrics
- Cultivate a strong culture of partnership with 18 Country and General Managers by having monthly calls and partnering with them in every aspect of the business
- Organize the creation and startup of new international entity accounting processes (India, Thailand, Philippines, Taiwan, Indonesia, and South Korea)
- Provide strategic direction on the presidential team for three years by performing a SWOT analysis on the company and providing strategic insights
International Controller
ForeverGreen International, Inc
Orem
07.2014 - 08.2016
- Managed all accounting and trial balances for 17 established international entities at a $60 million annual turnover for a public company
- Managed international statutory audit work and tax work in all 17 international entities with a large emphasis in the European Union
- Developed the first monthly reporting processes and departmental budgets in Microsoft Dynamics (GP)
Regional Finance Manager/Accounting Manager
MonaVie, LLC
South Jordan
08.2008 - 07.2014
- Managed and maintained monthly close process for consolidated US financials for a privately held company with $850 million in annual revenues
- Managed global inventory, GL accounting, and accounts payable for three entities in six sets of books
- Maintained chart of accounts and current cost accounting/inventory process for corporate and 19 international markets
- Developed cost variance reports and other reports to help executive teams in analyzing cost of goods sold reduction
- Managed the accounts payable team for processing payments and reconciliation of intercompany accounts
- Performed monthly global consolidations, elimination entries, and detailed GL analysis
- Helped gain efficiencies in the monthly close process to shorten the close from 20 business days to 7-8 business days
- Provided analysis for cost savings in G&A expenses
Auditor - Staff accountant
KPMG - Global Accounting Firm
Salt Lake City
06.2006 - 06.2008
- Preformed audit procedures and controls over all accounts for public and privately held companies and hedge funds
- Received two Encore Awards for excellent work on engagements
Education
Masters - Accountancy
Southern Utah University
UT05.2006
Bachelor of Science - Accounting
Utah Valley University
UT05.2005
Bachelor of Science - Finance
Brigham Young University
Provo, UT05.2004
Skills
- US GAAP and IFRS expertise
- Financial consolidation
- Financial statement preparation
- Financial controls
- Financial planning and analysis
- Budgeting and forecasting
- Pricing strategies
- Strategic financial planning
- SWOT analysis
- Capital budgeting
Certification
Certified Public Accountant (CPA), 01/01/08
Timeline
International Controller - Executive Director
Young Living Essential Oils
08.2016 - Current
International Controller
ForeverGreen International, Inc
07.2014 - 08.2016
Regional Finance Manager/Accounting Manager
MonaVie, LLC
08.2008 - 07.2014
Auditor - Staff accountant
KPMG - Global Accounting Firm
06.2006 - 06.2008
Masters - Accountancy
Southern Utah University
Bachelor of Science - Accounting
Utah Valley University
Bachelor of Science - Finance
Brigham Young University