Erick Olson Email & Phone Number

Saint Paul, Mn, Us

Key Accomplishments:• Worked to get multiple teams to agree on moving to one customer service management process (on-line process). This will allow for better tracking of how employees are accomplishing their goals related to customer service and ensuring that Best Buy for Business orders are processed quickly and accurately.• By changing around team responsibilities and advocating for a change in SLA’s, was able to create additional capacity on my team. This capacity will be filled with work brought over from another team, allowing that team to concentrate on disputing credit card chargebacks (which will have a direct positive effect to the Best Buy bottom line).Primary Responsibilities:• Lead and manage a team of associates and financial analyst to provide financial processing services to Best Buy for Business (BBfB) and its external commercial customers. Work with BBfB sales personnel to support their financial processing needs and reporting on their financial metrics.• Set goals for the department and individual contributors. Tracking these goals related to receivable aging, sales processing, bad debt, and customer service management. Mid-year and yearly performance reviews performed and accomplishments rated. Updating employee performance and inputting compensation changes in the Best Buy on-line HR system (Pathway).• Updating AR Cash Application policies and procedure. Ensuring all direct contributors roles have trained backup and that documented SOP’s are up-to-date and on file.• Working on special projects such as parts supplier relationship management and invoicing procedures, clearing balances for discontinued businesses, and working with Corporate Accounting on financial impacts.• Meeting with employees on a weekly basis for feedback and updates on successes and challenges.• Work with employees on development and assisting with career plan creating and mapping.

Key Accomplishments:• Key team member to bring AppleCare warranty sales to Best Buy stores and Bestbuy.com. Developed commission models for paying partners at Apple and tested those models. Worked with the integration team on transaction flow and tested end-to-end scenarios.• Successfully launched AppleCare sales and ensured payments to Apple for their commissions were accurate and all associated transactions and reporting were timely and cross checked to the Accounts Payable system.• Lead UAT for the Marketplace upgrade on Bestbuy.com. This entailed proposing scenarios, mapping test scripts, validating results, and logging defects.• Worked cross-functionally overseeing contract programmer’s work on modifying and improving on reporting and analytics to better meet internal and external needs.• Wrote new business architecture flows; including commissions, payments, charge backs, disputes.• Launched the Marketplace to the public with zero defects in commission and payments and continuing improvement through leading new releases.Primary Responsibilities:• Analyzes all Marketplace orders and commissions (currently a $1M/week business). Check for system defects and variances and reconcile these before payment is made to the vendor.• Leading the efforts of Marketplace upgrades and new system integration with commission tools and Oracle upgrades.• The first point of contact for all disputes and works with various Best Buy Technology and Business Teams to resolve.• Responsible for the commission schedules and is the Oracle builder of this custom table.• Work with the Controllership Group to ensure the proper flow of GL accounts used and provide sub-ledger detail to support fulfilled orders that are pending payment.

Key Accomplishments:• Key player in new IP royalty tracking and reconciling process. This led to more accurate reimbursements and saved Best Buy from paying for licenses they should have been reimbursed for from vendors.• Developed new reporting to better compare forecast and actual results.• Created an improved allocation tool for more accurate distribution of SG&A.• Created SOPs for the position where none existed before.• Detailed and mapped the transaction flow of complex journal entries to assist in understanding the implications that could result from changes. Also developed a journal entry number methodology to better keep track of recurring entries.Primary Responsibilities:• Calculate, analyze, and process all transactions for Best Buy’s China Business Trust. This includes revenue, cost of goods, warranty costs, warranty reserves, royalties, allocations, inventory transfers, and foreign exchange adjustment.• Manually report the China Business Trust’s Income Statement and Balance Sheet. Investigate the business for the month and add commentary to the IS and BS reporting to identify trends and unusual/new activity.• Develop reporting for many facets of the China Business Trust such as: margin by SKU level, repair and warranty actuals, royalty reconciliations and reserves, accounts payable and receivable for third party vendors in Europe/Mexico/Japan.• Assist with the analysis of the sell through versus net purchase margin for the CBT which results in the ARB 51 adjustment.• Work with Services and IT to investigate and solve system problems to ensure a smooth month end close.• Initiate wire transfers for international and intercompany payments.• Meet with partners in Exclusive Brands, Tax, Corporate Accounting, Treasury, etc to ensure the integrity and accuracy of our data.

Key Accomplishments:•Took the lead on correcting a new electronic funds transfer procedure, which is used to pay a large number of Best Buy’s vendors.•Reduced unaccounted invoices by working closely with business partners on the non-merch team who oversee outsourcing in India.•Responsible for implementing a new general ledger account for wire transfers, which helped to streamline account reconciliations for both Accounts Payable and banking.•Streamlined my work process using Excel knowledge and efficiencies in order to take on 40% more account reconciliations than I started the position with.•Made a business case for new custom reporting to support employee expense report tracking. Wrote the proposal, received approval for funding, and I am currently working with the company hired on design.•Took on added responsibilities for calculating and writing proposals for early vendor payments.Primary Responsibilities:•Perform the month end close process for Best Buy’s entire Accounts Payable department.•Work with IT on any systems related Accounts Payable to General Ledger interface issues and formulate solutions to resolve those problems.•Implement new processes as needed (Electronic Funds Transfer, company credit cards, wire transfer procedures).•Reconcile all the General Ledger accounts for Best Buy’s non-merch Accounts Payable.•Perform analysis on Accounts Payable vendor balances, credit card purchasing, employee expense reports, employee advances, and the Electronic Funds Transfer balance and summarize critical information into a written report to be used by company executives.•I am the business liaison for all Best Buy departments invoice, purchase order, and any other expense related items/issues for month end processing. I work with these business teams on a constant basis throughout the month also.•During the fiscal month close, I am consistently doing analysis in order to adjust accounts as needed to ensure proper accounting.

Key Accomplishments:•Brought the department through a difficult transition period were half the staff left the company in a short period.•Training a replacement for my previous position while still maintaining the high standards and tight schedule of the department.•Training three temporary hires to fill in as Accounts Payable Clerks.•Project Lead for transitioning Accounts Payable to an electronically scanned database of invoices.Primary Responsibilities:•Supervise a staff of 6 AP Clerks with responsibility for hiring, reviews, terminations.•Oversee and approve the invoices for 5 distinct companies within the Cemstone Corporate structure.•Review and approve pricing and work with the Materials Manager on price negotiations.•Prepare sales tax rebates, lease structure, and amortizations.•Process weekly check runs for 5 companies.•Maintain the AP system and its integrity through regular audits of vendor codes, ledger codes, and reconciling the AP Check Register to the General Ledger.•Communicate regularly with vendors on payment, logistics, and discrepancies.•Special projects and reporting as requested by the CEO and CFO.

Key Accomplishments:•Sole person responsible for entire implementation of the procedure for taking inventory of aggregates; this included researching equipment, setting up demonstrations for the VP of Finance, learning how to use the equipment, learning surveyors software to interpret results of aggregate inventories.•Reduced year-end inventory write-off of aggregates by $1M through tighter control and regular inventories.•Identified unprofitable mining location through my analysis and was key in the decision to shut it down.Primary Responsibilities:•Perform the monthly close for all aggregate locations (Cost of Goods Sold, inter-co sales, production updating).•Monthly preparation of royalty payments and quarterly preparation of aggregate tax returns.•Site visits to perform aggregate surveying (resulting in a volumetric survey) several times a month.•Valuing inventory and calculating standard costs for various aggregate products.•Yearly develop burden rates for crushing and washing of aggregates.•Attend and present at monthly Aggregate Division meeting.•Prepared yearly personal property tax returns (Wisconsin).•Backup accountant for cash management.

Key Accomplishments:•Lead analyst overseeing the integration of a new plant opened in Mexico.•Updated the financial package to better utilize SAP reports.•Reduced the time required for Work-in-Process analysis by utilizing advanced Excel spreadsheets.Primary Responsibilities:•Performing cost rollups on material, costing sales orders, closing tooling orders.•Lower of Cost or Market analysis for WIP inventory, booking inventory changes, calculating variances, settling orders.•Reconciling ledger accounts.•Distribute statements to Cost Center Managers and be a resource for them.•Fixed asset administrator, capital spending review, purchase card administrator.•Lead quarterly inventories and delegate to 12-15 people.•Filing sales tax refunds, government surveys, and special projects.

Key Accomplishments:•Oversaw the conversion of revenue recognition method from German Accounting to a GAAP procedure (from milestones to percentage of completion). This was part of Siemens worldwide change in order to list on the NYSE.•Streamlined revenue recognition by utilizing macros/pivot tables in Excel.•Key team member in the reduction of the close schedule by one day.Primary Responsibilities:•Formulate and post monthly journal entries including revenue recognition, COS, foreign bank accounts, and write-offs.•Financial controller for the operations group (indirect spending); this includes signature authorizing purchase orders, expense reports, reviewing budgets, and meeting with department managers.•Open new project numbers, verify spending, secure purchase order from overseas, and invoice reimbursable projects.•Coordinate and lead the monthly billing review with Billing Coordinator and Project Controllers.•Upload and verify Hyperion database used in reporting.•Requesting and updating spreadsheets/charts utilized in the monthly financial book.

Key Accomplishments:•Secured emergency funding to repair hurricane damage at a base in Tampa, Florida.•Successfully requested and advocated for reprogramming of funds to support base education program.•Team member of the AMC 1997 Financial Office of the Year.Primary Responsibilities:•Posting annual and quarterly funding targets for the squadrons of the 375th Airlift Wing.•Ensure proper posting of charges and prevention of misappropriation of funds.•Advise squadron RAs on fiscal issues and task them for support documentation.•Coordinated the unfunded needs of the Wing for possible year end funding.•Close fiscal year by taking control of the accounts, working contracts, travel vouchers, and resolve unliquidated obligations.

Mba, Finance

GPA 3.93/4.0

Bsb, Finance, Marketing

GPA 3.67/4.0