Bernadette Womack

Bernadette Womack

Summary

I am an Accounting Executive with over 25 years operations, supervisory and management experience and have been a Certified Management Accountant for 11 of those years. I posess proven leadership skills having designed processes and procedures and built the teams needed to implement them. I possess excellent communications skills interfacing not only with all levels of employees thru senior management but also with organization partners from suppliers to lenders. Proven leadership, creativity and attention to detail.

SYSTEM AND PROCEDURE DESIGN

Designed accounting processes and procedures, developed job cost systems and implemented computer conversion necessary to grow from a start-up to a company with over $90 million in annual revenues.

BUDGETS/PROFIT PROJECTIONS/FINANCIAL MANAGEMENT

Supervised the implementation and maintenance of budgets for up to 18 ongoing projects with annual costs in excess of $60 million in addition to creating profit projections on projects under consideration and maintaining company wide G&A and overhead budgets. Oversaw the timely preparation of monthly, quarterly and annual Financial Statements.

CASH FLOW MANAGEMENT AND CONTROL

Created cash flows on all new projects under consideration, maintained cash flows on existing projects and determined overall company cash requirements, successfully insuring that cash was always available to keep vendors and employees paid on time at all stages of the company’s growth. Worked closely with lenders to insure loans were available when needed and funded on time.

COMMUNICATION AND LEADERSHIP

Successfully hired and trained a team of accounting professionals from clerks to controllers, maintaining the lowest employee turnover rates in the company. Held classes and seminars with all departments teaching accounting procedures to ensure understanding and compliance. Extensive communications outside the company with auditors and tax accountants, coordinating funding with lenders and negotiating worker’s compensation, health and general liability insurance policies. As a member of senior management, took part in company planning and operations meetings and provided many presentations on budgets, cash flows and the current financial status of the company.

Work History

Work History
Jul 2008 - Present

Principal/Owner

B&R Accounting and Tax Solutions

Work with small businesses in a variety of industries, providing bookkeeping and accounting services, including temporary services as needed. Provide tax preparation for both small businesses and individuals.

2006 - 2008

Controller

South Shore Properties, LLC

Responsible for all accounting functions for a small developer with two homebuilding and one development project in California and Arizona. A fourth commercial, mixed use project was in the early design and planning stages.

Challenges: As a relatively young company, there was no job cost system in place and the company was still operating in Quick Books. Budgets were preliminary and there was no tracking in place to identify actual costs and explain variances. Prior year’s general ledger and financial statements were full of errors and incomplete.

·Brought 2005 up to date and worked with outside auditors on review of statements to insure that statements provided to outside lenders were accurate.

·Implemented conversion from Quick Books to Builder 360 and established a job cost system that allowed us to track costs at the company, project and job level which, in turn, allowed for better budgeting and projections.

·Negotiated relationship with new lender resulting in $10 million dollars in development and construction financing

·Established procedures which included the required use of purchase orders to be able to better control costs at the project level and insured that all reporting and statements were completed on time.

1998 - 2006

Vice President of Accounting

Carina Corporation

Responsible for establishing the processes and procedures and created the accounting department for startup homebuilder which began with one project and grew rapidly with up to 18 projects at any one time, including a mixed use commercial project and over $90 million in annual revenues. Company was successfully sold at a profit of over $25 million in 2006.

·Designed job cost system and implemented computer conversion from Quick Books to Timberline resulting in the ability to create accurate budgets and track actual costs and variances at the project and job level.

·Developed accounting procedures and oversaw all areas including human resources and payroll, accounts payable, budget management, cash flow management and financial reporting, insuring that employees and vendors were always paid on time, budgets were accurate and timely, cash was available when needed and information needed to operate was available to management on demand.

·Provided lenders with all budgets and financial data including complete lender packages for new projects that included budgets, cash flows, product descriptions and profit projections.Personally managed relationship with the lenders to insure that loans were available when needed.

·Through rapid growth managed cash flow requirements by continually tracking project starts and closings, all levels of budgets, loan proceeds and closing proceeds. Continued to revise and improve methods as company grew in size to $90 million in annual revenues with over 150 employees.

·Grew accounting department from being solely responsible for all functions to a staff of 10 providing all mentoring andtraining and creating a team with very high levels of productivity and retention.

·Saved $50.000 in General Liability premiums by negotiating combined Warranty and General Liability policies.

1994 - 1998

Controller

Signature Homes/Plaster Development

Responsible for overseeing all accounting functions of the organization, reporting directly to CFO. Provided leadership and training for staff, prepared monthly and annual financial reports, oversaw annual audit and coordinated processes and procedures with the purchasing and IT departments.

1987 - 1993

General Accountant/Credit Manager

Coors of Las Vegas, LTD
1983 - 1987

Accounts Payable/General Accountant

Standard Pacific of Texas

Education

Education
2008

Ashworth University Career School
Aug 2006

CCIM Institute
Apr 1997

Institute of Management Accountants
1984

Bachelor of Business Administration

University of Texas at Arlington