John Parpart Email & Phone Number

Snohomish, Washington, United States

Kirkland, WA

• Startup homebuilder/general contractor focused on infill townhomes in the Seattle area.
• Developed and implemented systems for financial reporting, cash flow modeling, new project evaluation, budgeting and cost control. Continuously improving processes to make them more efficient and scalable.
• Managed and grew banking relationships to secure additional debt to support company growth.
• Identified risks in systems and processes and facilitated changes to protect company and owner.

Kirkland, WA

• National publicly traded residential builder and land developer.
• Prepared quarterly projections, financial reporting and impairment analysis for $150M division.
• Prepared annual business plan and G&A budget. Updated quarterly and completed variance analysis for divisional and corporate management.
• Managed, mentored and trained accounting staff of 5 which included high volume AP department (4,000+ invoices / $10M+ per month).
• Facilitated reconciliation and conversion of general ledger from Timberline to JD Edwards and external audit of initial balances.
• Converted Camwest processes to Toll’s systems. Process mapped current state, identified conversion issues, mapped future state, implemented process revisions and monitored performance.

Kirkland, WA

• Regional homebuilder and land developer.
• Managed day-to-day cash management operations. Maintained over 60 operating accounts and had lending relationships with 13 banks. Included preparation of monthly development and construction draws, appraisal.
• Navigated the financial crisis and managed reduction of debt from $250M to $100M over a 2 ½ year period.
• Modeled and maintained highly detailed rolling cash flow forecast which included land option, extension and acquisition payments, house closing cash flow and financing cash flow.
• Boosted profits by implementing process improvements such as Fast Pay program which encouraged subcontractors and suppliers to offer better pricing in exchange for fast payment.
• Facilitated closing of land acquisitions including review of settlement statements, title reports and loan docs.

Kirkland, WA

• Implemented Business Objects Planning corporate performance management software. Application was an Excel front end connected to a SQL database for budgeting, forecasting, analytics and financial reporting.
• Collaborated with senior management to define key performance metrics and develop corporate, department, and project scorecards. Automated collection of data from disparate data sources and consolidation of data in.
• Developed project Pro Forma which enabled modeling of multiple development scenarios, compared viability of scenarios, and integrated into overall cash planning.
• Created rapid estimate tool to quickly model project development costs based on key cost drivers which enabled quick evaluation of land opportunities.
• Managed analysis, planning, conversion and launch of Timberline general ledger, job cost and cash management applications.
• Implemented and automated processes to transition company from yearly to monthly closing of the books.

Woodinville, WA

• Developed, coordinated, and analyzed quarterly and annual financial plans for $90M division that were consistently delivered on time and without error. Forecasts included spending, headcount, capital, manufacturing.
• Coordinated all division month-end close activities.
• Prepared financial reporting package for quarterly meeting with Board of Directors.
• Led four acquisition integration teams responsible for transferring inventory and financial accounting to Cypress’ systems and training of acquired employees on the use of Cypress’ financial systems.
• Ongoing responsibility to ensure accuracy of standard costs and elimination of manual inventory valuation. Facilitated conversion of spreadsheet inventory costing and valuation to automated valuation and costing on.

Master Of Business Administration (Mba), Finance, General

Bachelor Of Science (Bs), Mechanical Engineering