Kevin S. Lolofie, MBA, MACC

(801) 856-2147

kevinlolofie@gmail.com

10 years of accounting experience in diverse and progressively intensive roles, managing

projects, people, and systems.

  · Proven ability to lead the financial arm of the business in various operating phases,

including growth, turn-around, and normal operations

  · Proficient communicator to mentor, train, and support accounting staff, and to interact

with both senior management and operational staff

  · Expert in preparation and analysis of Income Statement, Cash Flow Statement, and

Balance Sheet, as well as ad hoc reporting

Core competencies

  § All Month-end Close Procedures

  § Cost Analysis

  § Strategic Planning & Gap Analysis

  § Adherence to GAAP

  § Expert in SAP, MS Dynamics, and more

  § Cash and collections projections

  § Asset and capital project management

  § Audit support and Internal controls

  § AR, AP, Payroll, Cash, Inventory, Amort and

Depreciation, Sales, Production planning

Professional Experience

Assistant Corporate Controller – Dalbo Holdings, Inc

April 2014-present

Salt Lake City, UT

Key responsibilities:

  · Manage and coach a team of accountants across all aspects of accounting

  · Manage tasks for field personnel that affect the balance sheet and income statement,

including inventory, purchasing, and cost analysis tasks

  · Driving all activities towards month-end close and real-time costing and liquidity

analysis

  · Responsible for cost center reporting across seven states, four companies, and 20 cost

centers

  · Publishing financial reports upon month-end close

  · Weekly Ad-hoc reporting on liquidity, collections, sales projections, down time and

OEE, payroll projections, and sales tax reporting

  · Direct AR, AP, and payroll oversight

Plant Accountant - OSI Industries, LLC

June 2012-April 2014

West Jordan, UT

Key responsibilities:

  · Coaching AP/AR clerk

  · Managing accounting tasks for personnel in production, purchasing, and shipping and

receiving staff that receive and ship inventory, issue materials into production orders,

balance production orders, manage inventory - those tasks affect costing (income

statement) and valuation (balance sheet)

  · Managing ancillary staff in accounting functions, such as goods receipts and FOB

documents driving invoicing, cost containment goals for QA and maintenance

  · Cost accounting and KPI reporting with key staff

  · Maintain accounting controls and validation controls used in interdepartmental

interactions

*** Successfully completed Achieve Global Leadership Training program Sep

2013, can provide most recent 360 evaluation (Dec 2013)

Practice Manager, Empowerment Counseling Services

Aug 2005-April 2012

Salt Lake City, UT

Direct reports: 17 including treatment and billing staff

  · Managed Cash Flow and Payroll

  · Medical Billing for 15 health care providers

  · Managed AR & Collections from 6 insurance companies

  · Developed all accounting policies, including billing procedures for operational staff

  · Built the company from one therapist to multiple offices and billing codes (SKU’s)

Education

University of Phoenix, Graduated Summer 2013

MS Accounting

University of Phoenix, Graduated Spring 2010

MBA - Accounting

1994-1998 Clemson University Clemson, SC

B.A., Sociology/English

References

Bryan Dedrickson, Plant Manager – OSI Industries

Doug Pike, Plant Controller – OSI Industries

Myra Moreno, AP Manager – Dalbo Holdings Inc

Solomon Lealao, Warehouse Manager – Daily’s

Premium Meats

Kambie Bagley, Payroll and AP clerk – Dalbo

Holdings Inc

Specific responsibilities at Dalbo Holdings include, and are not limited to:

Income Statement tasks

  · Management of AR, AP, cash

  · GL and cost center reconciliation

  · AP & AR Aging

  · Approving and posting AP (invoices, CM’s, review payments),

JE’s for accruals

  · Data entry, especially at month end

  · Reconciling contribution margins on income statements for all

profit centers

  · Reviewing payroll, taxes, benefits for cost center reporting,

accruals and cash outlay

  · Reviewing, investigating, correcting entries to ensure coding to

appropriate cost centers

  · Preparation of Income Statement

Cash Flow tasks

  · Cash management – reconcile cash, review and approve cash

application, review aging for collections and AP

  · Daily review of bank statements for all four companies and 12

bank accounts

  · Month-end bank reconciliations

  · JE’s for cash entries

  · Tie out between AR and cash application

  · Review of real time liquidity reporting

Additional responsibilities

  · Vendor management

  · Maintenance of accounting controls

  · Assigned projects, including asset management, audit support, AP

& AR aging support to enhance real time liquidity reporting,

support for enhanced database management

  · Analysis and investigation for errors and misstatement

  · Special reporting requested by management

Key Responsibilities at OSI Industries included:

FI

  · Order entry & reconciliation to shipping AP and rebilling

  · Validate inventory valuation

  · Review of price modeling from controller

  · Manage AP processes from GR to cost center/GL reconciliation

  · Reconciling contribution margins on income statements for all

profit centers

  · Analyzing and maintaining activity rates for VOH and FOH

  · GL analysis and reconciliation

  · JE's, accruals, materials scrapping, and inventory adjustments

  · Strategic planning and CRF creation and maintenance

MM

  · Process owner for material ledger

  · Maintain and analyze all recipes, material blends, substitutes, and

PPV's, creating materials and recipes

  · Validate yields, scrap, physical inventory, pricing standards,

analyze moving cost

  · Validate MM to process orders and COGS

  · Validate and analyze Labor, VOH, FOH rates

  · Validate and analyze materials, WIP, finished goods for FIFO,

ghost inventory, and product spec in the recipe

CO

  · Manage, analyze, reconcile 20+ cost centers

  · Analyze data for KPI's, incl lbs/hr across all SKU's and cost

centers, OEE, OT, scrap, and claims

Balance Sheet tasks

  · JE’s from depreciation and amortization schedules

  · AP analysis of CAPEX projects

  · Monthly sales and use tax tie out, payment, and accrual

  · Spare parts and materials inventory management

  · Review of WIP for month-end valuation and accrual

  · Reclass JE’s for cash AP, AR, CAPEX, inventory, and prepaid

expenses

  · JE’s for long-term debt, taxes payable, and prepaid insurance,

inventory adjustments

  · JE’s for intercompany transactions

  · Tie out in Balance Sheet preparation

  · Close data analysis support for production teams, including labor

analysis, process flow, materials costing

  · Support for indirect cost centers, incl freight costing, maintenance

labor and PO management

  · Vendor management

  · Budgeting creation and maintenance for cost centers

  · Member of cost containment team

  · COPA: PPV, GR/IR, Post-Goods Issue, standard cost variance

analysis, plus KE24/KE30 analysis

Payroll

  · Managed payroll for 150+ employees on a weekly basis

  · Managed temporary labor payment and reporting

  · Expert knowledge of Kronos and Ultipro

  · Managed garnishments, vacation pay and recording, benefits

deductions, STDH pay and FMLA time off

  · Validated pay rates and job coding

  · Managed cost center coding by department supervisors, reconciled

to the GL

  · Adjusted labor standards in process orders to actuals on a weekly

basis

Additional competencies:

Cost Management

  · Reviewed P&L for COGS and Operating Expense

  · Researched and develop strategies for reducing

COGS and Operating Expenses

  · Managed vendor information and pricing

  · Managed job costing information

  · Budgeted per company, job type, and customer class,

depreciation and amortization

  · Breakeven analysis for new products and programs

  · Margin management per product

  · Cost recovery analysis

  · Analyzed and reported exceptional variances

  · Waste management

General Ledger

  · Closed each month

  · Closed each account

  · Reconciled bank and credit card accounts

  · Verified petty cash entries

  · Made adjustments and corrections

  · Adjusted retained earnings for Owner's Draw

  · Reviewed details of equipment purchased

  · Reviewed employee benefits

  · Prepared financial reports

Receivables management

  · Reviewed and maintained customer A/R accounts

  · Created invoices in a timely manner

  · Received payments

  · Created receipts

  · Calculated past due balances, statement charges, and

finance charges and print statements

  · Calculated and process refunds and credits

  · Recorded deposits

  · Reconciled accounts

  · Prepared and presented A/R aging reports and

strategy for collection

  · Accrued interest on lines of credit

  · Managed collections

  · Wrote off bad debt

Tax support

  · Provided tax support for out-sourced CPA, including:

  · Managed fixed assets logs for depreciation

  · Provided year-end accounting reports and copies of

accounting files

  · Monitored payroll liabilities

  · Monitored reporting (940's, 941's)

Reporting

  · Prepared weekly Cash Flow Report for review

  · Monitored and managed balance sheet accounts

Petty cash management

  · Logged receipts in a timely manner

  · Replenished fund when necessary

  · Reconciled regularly

  · Audited regularly

Payables management

  · Received and logged purchase orders

  · Received and logged inventory or service completed

  · Entered payables against inventory or services

completed

  · Paid bills according to payment terms to maximize

cash management benefits

  · Managed credit accounts, recorded payments,

managed debt strategy

  · Reconciled accounts

  · Maintained vendor files, prepared 1099's

Payroll

  · Expert knowledge with ADP, Intuit, and in-house

  · Managed employee general and tax information

  · Processed time sheets

  · Paid employees

  · Paid payroll liabilities

  · Processed pay stubs and other forms

  · Managed employee benefits, including 401k costs

and payables, health care costs and payables, other

benefits costs and payables