Patrice Scott, MBA
Katy,TX
Summary
Forward-thinking financial executive excited to bring 20-year background to a new organization. Expert in developing and implementing financial targets and devising strategies and processes to improve internal controls, standards, and business performance objectives. Successful in advising business executives on financial strategies driving short-term and long-term growth. Proven leader with success in developing high-performing, competent accounting teams.
Overview
18
18
years of professional experience
Work History
Corporate Controller
Summit Group LLC
10.2014 - Current
- Effective financial planning and internal controls:
- Key leader in financial planning and management of medium size company with $50m plus revenue.
- Ensure company's financial policies and procedures are in compliance with Generally Accepted Accounting Principles
- Reduced operational costs through identification of inefficiencies and implementation of cost-saving measures.
- Management of various accounting and tax functions:
- Manage accounting and finance operations including accounts payable, accounts receivables and cash management.
- Oversee month end close and prepare quarterly and annual financial packages.
- Developed and implemented policies to enhance operational efficiency within the finance department.
- External Audit and Treasury management:
- Provided treasury and cash management by overseeing reconciliation of banking activity and credit card processing.
- Use NetSuite and Vertex to prepare external audit documentation and financial reports to assist auditors and management
- Established strong relationships with key stakeholders including banks, investors, auditors, and vendors to further organizational goals.
- File sales tax returns and prepare Borrowing Base Certificate for bank.
- Work with tax accountants in preparation of quarterly and annual tax returns and distributions for owners.
Corporate Controller
Motivation Excellence
03.2013 - 10.2014
- Implemented new accounting system, Intacct, within first year of employment.
- Built new accounting team, adding 2 new position but reducing overall cost for wages and benefits.
- Developed new procedures for customer billing, reducing overall time by more than 75%.
- Created standard templates for key processes such as journal entries, expense reports and time tracking,
Corporate Controller
Channel IQ
05.2012 - 03.2013
- Delivered first set of standard financial reports and analysis to management and Board of Directors
- Secured increase in company’s line of credit from $500k to $1.5mil by providing short and long term projections and supporting financial reports
- Initiated and led search for accounting firm to conduct company’s first audit
- Created cash forecasting models which allow for flexibility in planning multiple scenarios
- Wrote and implemented new policies regarding business travel and expenditures cost reduction initiative while providing points of reference and consistency among employees
Corporate Controller
The SAVO Group
05.2006 - 03.2012
- Joined as the sole Accounting and HR employee. Developed the company’s first set of standard financial reports, budgets and policies regarding accounting functions & business practices
- Innovated new general ledger and financial systems, reports and schedules to create meaningful financial analyses, used extensively by senior management to make sound business decisions
- Partnered with CEO and CFO in preparing documentation and due diligence for venture capital investments in 2008 and 2011.
- Developed process to create annual budget and implemented Adaptive Planning which allowed management to forecast multiple scenarios in real-time to drive business decisions
- Implemented Concur Technologies to track business and travel expenses, resulting in overall cost savings of over 40%
- Transitioned from ADP TotalSource to ADP Resource resulting in company savings of over $100k in employee benefit costs
Education
MBA - Accounting And Finance
Roosevelt University
Chicago, ILBachelor of Science - Finance
Louisiana State University And A&M College
Baton Rouge, LASkills
- Team leadership and development
- Process Improvement
- Accounting Management
- Corporate strategic planning
- Financial Information Systems - NetSuite, Intacct
- Financial Reporting and Analysis
- Month-end and year-end closings
- External audit management
Timeline
Corporate Controller
Summit Group LLC
10.2014 - Current
Corporate Controller
Motivation Excellence
03.2013 - 10.2014
Corporate Controller
Channel IQ
05.2012 - 03.2013
Corporate Controller
The SAVO Group
05.2006 - 03.2012
MBA - Accounting And Finance
Roosevelt University
Bachelor of Science - Finance
Louisiana State University And A&M College
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