Lance Torgesen Email & Phone Number

Bellevue

Promoted to hold dual responsibility for overseeing program managers’ projects (55% of role), while concurrently directing various financial functions (45% of role). Guide program managers’ activities for projects ranging from $40K to $6M with timeframes from a few weeks to 2 years. Spearhead finance functions, which include monthly update/review of company’s pro forma P&L. Shared CFO role with Controller and CEO due to smaller company’s lack of designated financial executive. Managed 16 direct and indirect reports.Impact: Contributed to rapid revenue growth from $7M to $35M per year by achieving company goal of 50% gross margin.  Established formal financial process for determining projects’ profitability, which revealed a distinct pattern and resulted in a highly effective pricing strategy. Recruited talented professionals in a very competitive employment market to meet demand of rapidly growing tech company; consequently sustained high retention levels (~80%).  Introduced practice to create complex, data-driven financial forecasts that equipped CEO, board, and investment banks with detailed scrutiny and analysis. Instituted mandatory regular meetings for all program managers to share code, designs, and ideas and thus minimized redundancies, inconsistencies, and inefficiencies. Created clear concise electronic reporting procedure that regularly informed CEO, COO, and CTO of projects’ status 2 times per week.

Progressed from branches through a series of increasingly responsible financial positions, working collaboratively with GM of truck rental group to heighten revenue and profitability. Generated accurate financial statements and analysis for group (Washington State) with 55–60 branches and sales of $140M annually. Calculated employees’ commission pay; conducted branch audits; managed monthly A/R balances; prepared fixed asset schedules; managed cash balances for optimal returns; performed variance analysis; performed all accounting functions per GAAP; and prepared yearly pro forma P&Ls. Supervised activities of 11-member team.Impact: Played a key role in audits, revenue growth, branch profitability, internal promotions, and truck rental group winning an Exceptional Achievement honor (awarded to company’s top 5%). Bridged gap between branches and accounting/finance team by increasing interactions, fostering understanding, and recruiting branch personnel to join accounting/finance team. Selected to become Business Manager for newly created rent-a-truck division; helped spur growth from 1 to 3 branches and rental fleet from 80 to 500 trucks. Held full authority for final review of all financial statements, reports, and analysis monthly prior to submission to corporate for 3 years. Met deadlines 100%, with zero issues that required an official response. Integral member of team that initiated process of using new financial software package (Peoplesoft). Additionally helped implement software onsite and train employees.

Mba, Finance, Accounting

Bachelor'S Degree, Finance, General