SUSAN PIPPENGER
AURORA,IL
Summary
A seasoned financial executive, adept in strategic planning and financial process improvement, I spearheaded revenue growth and operational efficiencies at Optimum Staffing Inc. My leadership, characterized by meticulous regulatory compliance and effective audit coordination, has consistently enhanced profitability and team skill development, showcasing a blend of analytical prowess and collaborative spirit.
Overview
39
39
years of professional experience
Work History
Co-Managing Partner
SASS LLC
07.2012 - Current
- Developed and manage the financial, accounting and banking sides of all five companies owned and operated under SASS LLC.
- Negotiated favorable terms with bank providing our line of credit and am responsible for all loan and banking transactions and compliance with loan covenants.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Oversaw financial management of the firm, including budgeting, forecasting, and analysis, ensuring fiscal responsibility and profitability.
- Excellent communication skills, both verbal and written.
- Skilled at working independently and collaboratively in a team environment.
Cheif Fianancial Officer
Optimum Staffing Inc
05.2014 - 07.2022
- Drove revenue growth by developing pricing strategies that maximized both sales volume and profitability.
- Coordinated cross-functional teams to address complex issues, leading to more efficient problem-solving processes.
- Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
- Successfully obtained over $4 million of PPP money during 2020 that was completely forgiven providing much needed cash flow.
- Responsible for a complete redesign of the Accounting and Payroll Departments operational procedures including cross training and building a superior system that had more dual control and proper tax filings.
- Managed relationships with external auditors, ensuring a smooth and efficient annual audit process with minimal findings or issues identified.
- Conducted thorough investigations into complex accounting issues, leading to successful prosecution of an employee theft that had been going on for years.
- Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
- Maintained P&L and shouldered corporate fiscal responsibility.
- Mentored staff members, helping them develop their skills and advance in their careers.
- Implemented process improvements that streamlined workflows, reducing redundancies and increasing operational efficiency.
- Acted as interim CEO for over a year,
Senior Vice President and Chief Credit Officer
Downers Grove National Bank
11.1985 - 12.2011
- Managed the entire Loan division while maintaining the largest commercial loan portfolio than any other lender.
- Directly responsible for interactions with IRS audits, OCC exams, FDIC audits, external audits (CPA firm), internal audits, loan review & regulatory compliance.
- Analyzed and considered all credits including large and complex credits before presentation to the Board of Directors,
- Hired and managed employees from receptionist to Vice Presidents to maximize productivity while training staff on best practices and protocols.
Education
Bachelor of Arts - Accounting
Benedictine University
Lisle, ILSkills
- Revenue Growth
- Strategic Planning
- Operations Management
- Financial reporting understanding
- Cash Flow Management
- Financial Process Improvement
- Financial Strategy Development
- Regulatory Compliance Knowledge
- Financial Reporting
- Operational decision making
- Audit Coordination
- Financial Administration
Affiliations
- Board of Directors Stonebridge Country Club 2008-2014
Timeline
Cheif Fianancial Officer
Optimum Staffing Inc
05.2014 - 07.2022
Co-Managing Partner
SASS LLC
07.2012 - Current
Senior Vice President and Chief Credit Officer
Downers Grove National Bank
11.1985 - 12.2011
Bachelor of Arts - Accounting
Benedictine University
Similar Profiles
MOHAMED ELHAYESMOHAMED ELHAYES
Accountant at SASS DEVELOPMENT GROUPAccountant at SASS DEVELOPMENT GROUP
Edinson Parra BotelloEdinson Parra Botello
Painter at Sass BrothersPainter at Sass Brothers
Christine SturgisChristine Sturgis
Human Resources Manager at Henke Sass Wolf of AmericaHuman Resources Manager at Henke Sass Wolf of America