Henry Hitt, Mba, Cma Email & Phone Number

Business Impact NW is a CDFI (community develop financial initiative) dedicated to providing underserved entrepreneurs access to capital and comprehensive business technical assistance. Our nonprofit’s mission is to grow businesses that create jobs in underserved communities. We do this by promoting long-term positive economic change for low to moderate income business owners, in addition to women, people of color, veteran, immigrant, refugee, and LGBTQ+ entrepreneurs through financial… Show more Business Impact NW is a CDFI (community develop financial initiative) dedicated to providing underserved entrepreneurs access to capital and comprehensive business technical assistance. Our nonprofit’s mission is to grow businesses that create jobs in underserved communities. We do this by promoting long-term positive economic change for low to moderate income business owners, in addition to women, people of color, veteran, immigrant, refugee, and LGBTQ+ entrepreneurs through financial services, business mentorship and training. Show less

Business Impact NW is a CDFI (community develop financial initiative) dedicated to providing underserved entrepreneurs access to capital and comprehensive business technical assistance. Our nonprofit’s mission is to grow businesses that create jobs in underserved communities. We do this by promoting long-term positive economic change for low to moderate income business owners, in addition to women, people of color, veteran, immigrant, refugee, and LGBTQ+ entrepreneurs through financial… Show more Business Impact NW is a CDFI (community develop financial initiative) dedicated to providing underserved entrepreneurs access to capital and comprehensive business technical assistance. Our nonprofit’s mission is to grow businesses that create jobs in underserved communities. We do this by promoting long-term positive economic change for low to moderate income business owners, in addition to women, people of color, veteran, immigrant, refugee, and LGBTQ+ entrepreneurs through financial services, business mentorship and training. Show less

Boise, Idaho, United States

Returning to this nonprofit to lead finance operations, I oversee budget planning and management, policy and control design, financial accounting and reporting, and grant administration.Highlights of my contributions include:• Steering the planning and implementation of a new financial software system, leading the migration from legacy Abila to Sage IntAcct while minimizing internal disruption.• Being retained as a Financial Consultant and Trainer with the organization… Show more Returning to this nonprofit to lead finance operations, I oversee budget planning and management, policy and control design, financial accounting and reporting, and grant administration.Highlights of my contributions include:• Steering the planning and implementation of a new financial software system, leading the migration from legacy Abila to Sage IntAcct while minimizing internal disruption.• Being retained as a Financial Consultant and Trainer with the organization from 2018 to 2021. Show less

Mccall

Owning financial operations in an executive role, I partnered with senior leaders to define financial objectives and deploy short-term and long-range strategies to achieve goals for profitability and performance.Highlights of my contributions include:• Spearheading an improved cash flow initiative through loan refinancing and credit terms negotiation, partnering with multiple banks to secure a 2% rate reduction.• Improving reporting transparency through a redesign of the… Show more Owning financial operations in an executive role, I partnered with senior leaders to define financial objectives and deploy short-term and long-range strategies to achieve goals for profitability and performance.Highlights of my contributions include:• Spearheading an improved cash flow initiative through loan refinancing and credit terms negotiation, partnering with multiple banks to secure a 2% rate reduction.• Improving reporting transparency through a redesign of the company general ledger, creating additional layers to enhance transparency.• Leveraging automated solutions to create a simplified PTO system, streamline the 401(k) program, and reduce the accounts payable processing time by 15+ weekly hours.• Leading a prospective acquisition analysis of a company generating $3.5M in revenue annually with 40+ employees.• Leading a project to integrate the company’s four separate software systems, and guiding a successful transition to cloud-based solutions to enable improved capacity and access. Show less

Boise, Idaho

Here, I managed a portfolio of key client relationships, handling financial analysis, account reconciliation, and regulatory reporting requirements for multiple bases and asset classes.Highlights of my contributions include:• Expertly balancing the needs of a 13-client portfolio representing $80B in assets under management.• Proactively initiating the optimization of core business processes to cut 25+ hours of labor in the month-end close process.

Boise, Idaho Area

During this time period, I maintained similar duties as noted for my current role as Finance Director, above.Highlights of my contributions in this time frame include:• Delivering $50K in savings through the execution of cost-cutting initiatives encompassing process optimization, waste reduction, and improved financial control.• Enhancing internal decision-making processes through the retooling of financial reporting deliverables, creating a more concise, clear layout… Show more During this time period, I maintained similar duties as noted for my current role as Finance Director, above.Highlights of my contributions in this time frame include:• Delivering $50K in savings through the execution of cost-cutting initiatives encompassing process optimization, waste reduction, and improved financial control.• Enhancing internal decision-making processes through the retooling of financial reporting deliverables, creating a more concise, clear layout for board and executive team review.• Introducing new protocols to enhance the management of grants reflecting donor-based, state/federal government, and foundational revenue streams.• Serving as a consultant to independent nonprofits across the state in the areas of accounting standards, process improvement, and federal grant regulations.• Leading the acquisition, marketing, and management of an event rental space to increase unrestricted cash flow by $150K per year. Show less

Greater Atlanta Area

Led and trained a team of five handling all cash inflows and outflows for a 70 million dollar organizationDesigned cash flow forecasting models and updated on a weekly basis, including updates to all of the executive management teamLed transition of accounting team including complete shutdown of previous accounting office, hiring, selection, and implementation of new processes for new locationStreamlined collection process and re-classified problem accounts to lower DSO by ten… Show more Led and trained a team of five handling all cash inflows and outflows for a 70 million dollar organizationDesigned cash flow forecasting models and updated on a weekly basis, including updates to all of the executive management teamLed transition of accounting team including complete shutdown of previous accounting office, hiring, selection, and implementation of new processes for new locationStreamlined collection process and re-classified problem accounts to lower DSO by ten daysReduced outstanding receivables over 60+ Days to less than 1%Reduced head count by 35% during transition while increasing results of the department as a wholeInvolved in budgeting and forecasting, specifically cash flow forecasting, bad debt allocation/accrualDesignated as super user to lead implementation of CargoWise system to replace previous systems, SAFE and FCLImplemented an ACH program to increase the speed of payments to priority vendors as well as reduce overall cost due to improved payment termsLed and assisted in development of a payment processing program that saves roughly $35,000 worth of staff team each yearRedesigned process to create a fully cross-trained department where all functions can be interchangedCreated document storage system to increase speed of all intercompany document delivery as well as lower the Days Payable which led to more favorable vendor termsCreated multiple performance evaluation and tracking methods Show less

Atlanta

Verify vendors for incoming invoices and route to approver Key approved invoices into MAS 90 AP moduleReconcile multi-transactional vendor invoices (Amex, Federal Express, GA Messenger) Produce selection registers ; process payments (including checks, AMEX, ACH set up)Process employee expense reportsKey billable expense items into client WIPMade GL entries/adjustments as necessaryQC, finalize, post and mail client invoices. Serve as backup for bill drafting… Show more Verify vendors for incoming invoices and route to approver Key approved invoices into MAS 90 AP moduleReconcile multi-transactional vendor invoices (Amex, Federal Express, GA Messenger) Produce selection registers ; process payments (including checks, AMEX, ACH set up)Process employee expense reportsKey billable expense items into client WIPMade GL entries/adjustments as necessaryQC, finalize, post and mail client invoices. Serve as backup for bill drafting, revising, generatingBilling adjustments, reversals as requested.Scan billing work papers and final invoice copies into iChannelRespond to staff requests for information on bills, invoice history, outstanding AR, etc.Weekly collections callsDaily Bank deposit : application, process credits and adjustments, electronic depositingInitiate weekly meetings with Controller to review collectionsManage Paypal accounts, (dollar and Euro) reconcile with client AR; monitor Euro receipts to confirm exchange gain/lossCollection research, analysis, reports as requested Show less

Reconciled cash receipts and greatly reduced on account liabilities.Reconciled all processing of credit cards including monitoring of suspicious charges.Recognized daily journal entries involving revenue and miscellaneous deposits.Generated monthly revenue and cost reporting for all divisions and reporting results directly to the CFO and CAO.Reconciled daily and monthly general ledger accounts for all divisions of the company.Involved heavily in monitoring the company's cash… Show more Reconciled cash receipts and greatly reduced on account liabilities.Reconciled all processing of credit cards including monitoring of suspicious charges.Recognized daily journal entries involving revenue and miscellaneous deposits.Generated monthly revenue and cost reporting for all divisions and reporting results directly to the CFO and CAO.Reconciled daily and monthly general ledger accounts for all divisions of the company.Involved heavily in monitoring the company's cash flow, specifically for a division designated as a cost and distribution center.Reconciled company bank statements on a daily basis.Created and implemented inter-departmental procedures, resulting in a more secure and efficient process which made possible the reduction of a staff position.Revised the company's chart of accounts, eliminating many duplicated accounts.Updated overdue US Census Bureau annual reports of organization of over 100 acquired and/or divested companies for 2007 and 2008.Restructured credit card reconciliation, leading to a more efficient and secure process.Modified market correspondence procedure, eliminating a day's delay in the process.Created remote deposit process & information capture, saving roughly $3000 a month with increased reporting visibility.Reconciled AR adjustment, and AR Real EstateMonitored leverage ratio and compliance for all markets subject to restriction.Involved heavily in testing and implementation of AR Auto-match program, resulting in two staff reductions while increasing the speed and accuracy of the process. Show less

Business, Finance

Mba, Business