Tim is available for hire
Hire TimTim Anderson
Verified Expert in Finance
Finance Expert
Location
Honolulu, HI, United States
Toptal Member Since
September 12, 2022
With 15 years as an expert in corporate finance, Tim has successfully helped several firms grow their revenue by 300–500% while maintaining or increasing their profit margins. He has served as the director of finance for the largest tile contractor and CFO of the second largest drywall and painting contractor in the State of Hawaii. He enjoys freelancing as it provides an opportunity to share his skillset and help people grow their businesses and their dreams.
Career Highlights
CFO
BEK
Director of Finance | Operations Manager
BMK Associates
Controller
Hidano Construction
Education Highlights
Master's Degree
University of Hawaii
Certification Highlights
Financial Modeling & Valuation Analyst (FMVA)
Corporate Finance Institute (CFI)
Expertise
Work Experience
CFO
2017 - PRESENT
BEK
- Improved project management forecasting tools to reduce unnecessary costs, resulting in a growth from 12.71% to 32.14% using the strategic profit model ratio.
- Grew revenue by over 200% by utilizing an existing network of contacts within three years.
- Initiated cost control methods that reduced overhead expenses as a percentage of revenue by 4%.
- Recovered over $300,000 in payroll tax and state sales tax overpayments made by predecessors.
- Eliminated all long-term debt as the company's returns on equity were sufficient to cover growth and working capital needs.
- Updated AR and AP practices to reduce the operating cycle from 109 days to 56 days.
- Managed balance sheet to improve ROA from 18% to 34% by increasing revenue while maintaining asset levels.
Focus areas: Corporate Finance, Sales Growth, Job Costing, Working Capital Management, Forecasting, Budget Modeling, Budget Management, Financial Planning & Analysis (FP&A), Pro Forma Analysis, Project Finance, Chart of Accounts, Close Procedures, Revenue & Expense Projections, COGS Analysis, Gross Margins, Microsoft Excel, Sage 300 CRE, Accounting, Cost Accounting, Finance, Mergers & Acquisitions (M&A), Business, Operational Flow, P&L Forecasting, Financials, Budgeting, SOP Development, Financial Modeling, Construction, Financial Management, Financial Statement Preparation, Sensitivity Analysis, Financial Forecasting, Modeling, Analysis, Strategy, Cash Flow, Three-statement Modeling, Cash Flow Management, Cash Management, Profitability Analysis, Trend Forecasting, Valuation, DCF Modeling, DCF Valuation, Discounted Cash Flow (DCF), Financial Statements, US GAAP, Operational Modeling, Scenario Analysis, P&L Analysis, Sales Forecasting, Cash Flow Forecasting, Free Cash Flow (FCF), CFO, Cash Flow Modeling, Interim CFO, Business Models, Interim Financial Controller, Controller, Internal Financial Reporting
Director of Finance | Operations Manager
2015 - 2017
BMK Associates
- Designed, implemented, and oversaw project management SOPs, resulting in an average increase in gross profit by 5%.
- Increased revenue sixfold within two years by utilizing the existing customer network and gained the confidence of developers to take on larger projects.
- Developed operational methods and organizational frameworks that improved efficiencies in the accounting and operations departments.
- Negotiated a $7.5 million settlement on a project with an original contract value of $12 million while managing working capital and preventing the company from going cash flow bankrupt.
Focus areas: Lean Startups, Operational Flow, P&L Forecasting, Financials, Budgeting, SOP Development, Corporate Finance, Financial Modeling, Working Capital Management, Chart of Accounts, Close Procedures, Revenue & Expense Projections, COGS Analysis, Gross Margins, Microsoft Excel, Accounting, Cost Accounting, Finance, Business, Sales Growth, Job Costing, Forecasting, Budget Modeling, Budget Management, Construction, Financial Management, Financial Statement Preparation, Pro Forma Analysis, Sensitivity Analysis, Financial Planning & Analysis (FP&A), Project Finance, Financial Forecasting, Modeling, Analysis, Strategy, Cash Flow, Three-statement Modeling, Cash Flow Management, Cash Management, Profitability Analysis, Trend Forecasting, Valuation, DCF Valuation, Discounted Cash Flow (DCF), Financial Statements, US GAAP, Operational Modeling, Scenario Analysis, P&L Analysis, Sales Forecasting, Cash Flow Forecasting, Free Cash Flow (FCF), Cash Flow Modeling, Business Models, Interim Financial Controller, Controller, Internal Financial Reporting
Controller
2013 - 2016
Hidano Construction
- Translated and communicated financial statements and analyses to shareholders.
- Reduced CPA fees by 50% by producing timely and accurate periodic financial statements.
- Created annual budgets and performed variance analysis to reduce overhead expenses by 3% of revenue.
- Created monthly work-in-progress schedule and performed profit gain/fade analysis, which led to early warning indicators for projects. The early warning indicators limited the profit fade on problem projects.
- Streamlined the accounts payable and accounts receivable process, reducing the operating cycle by 10 days and increasing working capital.
- Helped owners wind down the company as they moved into retirement.
Focus areas: Accounting, Financial Statement Preparation, Pro Forma Analysis, Budget Management, Financial Modeling, Sensitivity Analysis, Financial Planning & Analysis (FP&A), Budget Modeling, Chart of Accounts, Close Procedures, Revenue & Expense Projections, COGS Analysis, Gross Margins, Microsoft Excel, Sage 300 CRE, Cost Accounting, Finance, Corporate Finance Consultant, Sales Growth, Job Costing, Working Capital Management, Forecasting, Operational Flow, P&L Forecasting, Financials, Budgeting, SOP Development, Financial Consultation, Construction, Financial Management, Project Finance, Financial Forecasting, Modeling, Analysis, Strategy, Cash Flow, Three-statement Modeling, Cash Flow Management, Cash Management, Profitability Analysis, Trend Forecasting, Financial Statements, US GAAP, Operational Modeling, Scenario Analysis, P&L Analysis, Sales Forecasting, Cash Flow Forecasting, Free Cash Flow (FCF), Cash Flow Modeling, Business Models, Interim Financial Controller, Controller, Internal Financial Reporting
Auditor | Consultant
2014 - 2015
CW Associates
- Achieved the highest turnaround time for engagements of all employees.
- Consulted with several firms to improve their working capital knowledge in the construction industry.
- Asked to join the board of directors as a treasurer after my employment with CW Associates and became the treasurer for three years.
- Generated working procedures and guidelines on new engagements that met AICPA audit and attest standards.
- Provided recommendations to clients to improve their internal controls, which reduced fraud levels at their firm.
- Instructed clients on the proper use of work-in-progress schedules and profit gain/fade analysis, which resulted in year-over-year gross profit gains of 3–5%.
Focus areas: Auditing, Financial Consultation, Construction, Financial Management, Chart of Accounts, US GAAP, COGS Analysis, Gross Margins, Microsoft Excel, Sage 300 CRE, Accounting, Finance, Job Costing, Forecasting, Budget Modeling, Budget Management, Financials, Financial Modeling, Financial Statement Preparation, Pro Forma Analysis, Financial Planning & Analysis (FP&A), Project Finance, Financial Forecasting, Modeling, Analysis, Cash Flow, Three-statement Modeling, Cash Flow Management, Profitability Analysis, Trend Forecasting, DCF Modeling, Financial Statements, Revenue & Expense Projections, P&L Analysis, Sales Forecasting
Education
2012 - 2015
Master's Degree in Business Administration (MBA)
University of Hawaii - Honolulu, HI, USA
2009 - 2012
Bachelor's Degree in Accounting
Utah Valley University - Orem, UT, USA
Certifications
SEPTEMBER 2022 - PRESENT
Financial Modeling & Valuation Analyst (FMVA)
Corporate Finance Institute (CFI)
Collaboration That Works
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