Summary
Overview
Work History
Education
Skills
Software
Memberships
Accomplishments
Generic
Nichole Heid-Arce

Nichole Heid-Arce

Farmingdale,NY

Summary

Motivated outsourced controller/cfo promoting more than 20 years of proficiency in identifying and analyzing trends and partnering with other departmental leaders. Action-oriented individual with experience tracking actual business results against plans, for private schools, nonprofits, and places of worship. Offering exceptional issue resolution and staff training skills.

Overview

21
21
years of professional experience

Work History

Fractional CFO/Controller

Heid and Co
01.2019 - Current
  • Developed KPI dashboards for nonprofits, providing information at glance to enable better-informed decision-making for management.
  • Collaborated with internal accounting department and board members to develop budgets, reporting budget variances on monthly basis. Implemented approval process to prevent going over budget.
  • Served as liaison between insurance brokers and board, undertaking risk management for nonprofit and place of worship entities, securing premium savings while maintaining same coverage.
  • Implemented major accounting system conversion and trained staff to ensure smooth transition.

Public Accounting Experience

Various Small and Mid-size CPA Firms
01.2004 - 12.2019

Results-driven accounting professional with over 20 years of diverse experience in public accounting, specializing in tax management, auditing, consulting, and outsourced controller services.

  • Proven track record of enhancing operational efficiency and maximizing revenue through strategic process improvements and meticulous compliance with state and federal regulations.
  • Adept at managing complex tax matters and leading audits, I have developed and implemented tax strategies that yield significant cost savings, streamlined processes to reduce turnaround times, and provided actionable insights to clients.
  • Known for strong analytical skills and effective client relationship management, I have advised on tax planning and compliance while overseeing financial operations, aligning financial strategies with business goals to drive profitability and growth.

Education

Bachelor of Science - Accounting

Thomas Edison State University
Trenton, NJ

CPA Candidiate -

Pursuing Certification Expect. 06/2025

SHRM-CP -

Human Resources

Financial Modeling & Valuation Analyst (FMVA®) -

Corporate Finance Institute

Skills

  • Collaboration and team orientation
  • Goal-directed problem solver with attention to detail
  • Project management
  • Communication skills
  • Depth in finance, HR, and operations
  • Strategic financial planning
  • Risk Management
  • General ledger accounting
  • Budget Planning
  • Account Analysis
  • Financial Forecasting
  • Internal Controls
  • Cash Flow Management
  • Audit management
  • Revenue Recognition
  • GAAP compliance
  • Tax planning
  • Strategic Planning

Software

Quickbooks, BlackBaud Next, FACTS, Activeworks, PowerBI, Sage Inacct, MS Dynamic/GP, 

Memberships

  • NBOA - Business Leadership for Independent Schools
  • National Catholic School Association
  • Society for Human Resource Management
  • American Institute for Certified Public Accountants
  • Education Week
  • CFO Leadership Council

Accomplishments

Project Management:

  • Successfully led a cross-functional team in the implementation of a new financial software system using Lean Accounting principles, resulting in a 30% increase in operational efficiency and a 20% reduction in processing errors.
  • Spearheaded a cost reduction initiative by applying Six Sigma methodologies to analyze financial data and renegotiate vendor contracts, achieving annual savings of $500,000 without compromising service quality.
  • Developed and executed a comprehensive financial training program for department managers, incorporating Lean Accounting techniques, to enhance budgeting skills and improve financial oversight across the organization.

Operations Management:

  • Negotiated new technology leases, resulting in a 29% decrease in equipment lease fees and increased run-time service. Oversaw the implementation of updated copier/scanner systems across three buildings and IT upgrades, boosting employee efficiency.
  • Developed and implemented a scheduling tool through the payroll platform, providing managers with a visual tool to determine coverage needs and project payroll expenses for upcoming pay periods. This enhancement ensured appropriate staff coverage, maintained state-required ratios, and improved operational efficiency and financial planning.

Human Resources:

  • Spearheaded improvements in internal processes addressing employee benefits, record-keeping, payroll, employee handbook, and partnership with HR company for legal and policy support which improved resources available to employees while reducing risk

Financial Development:

  • Initiated improvements in controls and oversight for improved visibility and decision making
  • Applied a process improvement approach to streamline accounting processes, resulting in the elimination of paperwork and reduction in processing time. This initiative enhanced productivity and visibility, leading to a three-day quicker month-end close.
  • Regularly presented financial results and trends to the Board of Trustees

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