Jake Erwin Email & Phone Number

• Manage Accounting group with five direct reports with two indirect reports with $185 million general contractor.• Quarterbacked ERP installation (Foundations) for accurate financial reporting, job costing, and project management.• Increased bonding capacity from thirty million dollars to $110 million.• Develop annual budgets, generate monthly and annual financial statements. • Prepare consolidated financial reporting package, month-end close, WIP and revenue recognition for construction backlog. • Reconcile balance sheet and income statement accounts including WIP POC, PPE, and Bad Debts allowances entries.• Calculate burdened rates for field staff.• Negotiate seven-million dollar credit facility generating working capital in order to bond public projects.• Implemented ACH treasury management for overhead vendors.• Liaison for audit, tax, banking, bonding and insurance. • Develop relationships with vendors and customers.

• Managed Accounting group with three direct reports and two indirect reports with $120 million general contractor.• Develop annual budgets, generate monthly and annual financial statements.• Month-end close, WIP and revenue recognition for construction backlog. • Property management of three commercial projects in the Chicagoland area.• Financials for joint venture projects.• Liaison for audit, tax, banking, bonding and insurance. • Develop and mentor accounting team and develop best practices. • Union reporting

• Managed Accounting group, Human Resources, and I/T with eight direct reports for firm with revenues exceeding $50 million.• Successfully reduced month-end close process by ten days by evaluating and re-structuring the month end close process. • Prepare monthly consolidated financial statements. • Month End Close – Prepare related entries: Prepare revenue recognition entries (Contract Asset / Liabiity and POC), prepaid insurances, accruals for workers comp, payroll, bad debts allowances, and intercompany accounts (Revenue, Expenses, Payables, Receivables).• Upgraded management reporting: financial statements, WIP, job cost reports, budget versus actual, collections, and flash.• Managed and maintained the integrity of the pay application process• Project review for accurate revenue recognition.• Streamlined budgeting process to be more transparent and utilizing input from key stakeholders. • Treasury and capital financing.• Reduced annual insurance costs by 20% or $100,000.• Implemented About Time software to process field payroll, improving visibility and reducing payroll time from four days to two.• Led prequalification process.• Tax filings – payroll (Timberline – Aatrix) and sales.• Liaison for insurance, year-end audit and tax filings, and banking relationship.• Developed annual internal allocation rates and job cost labor burden rates.

• Prepared combined financial statements for multiple single asset entities with construction budgets exceeding $80 million, an $11 million architectural and engineering firm and related service company.• Managed the accounting function and prepared the monthly financial statements package for institutional investors for 3,000 acre / 1,500 unit rental and development project. Included quarterly tax projections, quarterly distributions, and tracking key performance ratios.• Played a key due diligence role in acquiring 3,000 acre / 1,500 unit rental project by generating IRR scenarios, waterfall agreement set up, upgrading software package to Yardi Voyager, performing lease audits, and completing various tasks. • Managed the accounting function for $65 million / 332 unit condo conversion, by generating monthly financial statements for owners, and primary and mezzanine lenders. Reviewed monthly general contractor statements and generated the monthly pay applications. • Managed the financial reporting process and provided cash management by maintaining solid relationships with vendors, clients, auditors, and lenders. Included reviewing contracts, preparing borrowing base certificates, ensuring accurate and timely billing, and negotiating repayment of problem accounts.• Managed WIP reporting and percent complete calculations on $18 million of lump sum and time and material projects in progress and $7 million of backlog. Accomplished through leading project management meetings, and implementing effective internal controls.• Prepared, maintained and monitored operating, capital, and construction budgets.• Key member to team involved in negotiating acquisition, construction financing, and lines of credit.• Manage the audit and tax function.

Chicago, Illinois, Us

Supervised year-end audits, reviews, and tax return engagements for home builders, service companies, real estate developers, general contractors and sub-contractors. Annual client revenues ranged from $10 million to $100 million.Assist client in preparing consolidated financial statements to ensure preparedness in accordance with GAAP, including percent complete revenue recognition, WIP reporting, and eliminating entries.

Supervised multiple projects as described under Senior role below.

Supervised year-end audits, reviews, and tax return engagements for construction, manufacturing, and clients.Assisted client in preparing financial statements to ensure preparedness in accordance with GAAP, including percent complete revenue recognition and WIP reporting, and required disclosures.Assist client in special engagements such as acting as temporary controller for manufacturing client, stock option analysis, capital lease analysis, and prepared payroll tax and use tax returns.Trained staff on construction, manufacturing and consulting clients and reviewed staff prepared work papers for all risk areas to ensure audit risks are addressed, tested, and documented appropriately.

Assisted in year-end audits and reviewsPrepared audit work papers and documentation for various financial statement areas.Perform various bookkeeping activities for clients and corporate and personal tax returns.

Bachelor Of Science Degree, Accounting

Bachelor'S Degree, Accounting

Masters, Finance Degree