Tim Anderson
Verified Expert in Management Consulting
Management Consulting Expert
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
Education Highlights
Certification Highlights
Case Studies
Rolling Cash Flow Forecast
Expertise
- Corporate Finance
- Cost Accounting
- Financial Planning & Analysis (FP&A)
- Financials
- Forecasting
- Job Costing
- Operational Flow
- Working Capital Management
Work Experience
CFO
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.
Director of Finance | Operations Manager
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.
Controller
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.
Auditor | Consultant
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%.
Education
Master's Degree in Business Administration (MBA)
University of Hawaii - Honolulu, HI, USA
Bachelor's Degree in Accounting
Utah Valley University - Orem, UT, USA
Certifications
Financial Modeling & Valuation Analyst (FMVA)
Corporate Finance Institute (CFI)
Skills
Finance
Accounting, Corporate Finance, Working Capital Management, Financial Management, Cash Flow, Three-statement Modeling, Cash Management, Profitability Analysis, Cash Flow Forecasting, Free Cash Flow (FCF), CFO, Cash Flow Modeling, Controller, Internal Financial Reporting, Forecasting, P&L Forecasting, Budgeting, Financial Modeling, Financial Planning & Analysis (FP&A), Project Finance, DCF Valuation, Discounted Cash Flow (DCF), Revenue & Expense Projections, Mergers & Acquisitions (M&A), Valuation
Output Software
Microsoft Excel
Industry Expertise
Construction, Retail & Wholesale, Real Estate
Data & Analysis Software
QuickBooks Online
Other
Cost Accounting, Finance, Job Costing, Financials, Financial Statement Preparation, Modeling, Analysis, Cash Flow Management, Trend Forecasting, Chart of Accounts, Close Procedures, COGS Analysis, Gross Margins, Operational Modeling, Scenario Analysis, P&L Analysis, Sales Forecasting, Interim CFO, Interim Financial Controller, Financial Statements, Sage 300 CRE, Corporate Finance Consultant, Sales Growth, Budget Modeling, Budget Management, Operational Flow, Financial Consultation, Pro Forma Analysis, Sensitivity Analysis, Financial Forecasting, Strategy, DCF Modeling, US GAAP, Business Models, Lean Startups, SOP Development, Auditing, Manufacturing, Leveraged Buyout (LBO), Business
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