Randy Cornelius Email & Phone Number

Bridgeville, Pennsylvania, Us

Overall responsibility for corporate and property accounting, treasury, project and corporate finance, tax compliance and financial planning & analysis. Member of a four-person executive committee setting overall corporate strategy for the firm. My initial focus has been on process improvement, timeliness of financial reporting and improving quarterly investor reporting.Led redesign of the company’s internal funding allocation approval system to facility better forecasting of six- and three-month cash flow forecasts of company operations and investment activity.Reorganization of the company’s accounting function based on team members strengths and weaknesses to facilitate better and more timely financial reporting (in process).

Los Angeles, Ca, Us

Oversight of treasury operations, general ledger and fund accounting for a private equity firm with three funds with assets under management in excess of $1 billion; primary responsibility for migration from QuickBooks to NetSuite; development of an accounts payable tracking system to improve vendor relationships; responsible for onboarding and payroll compliance, development of a 13 week cash flow forecast to manage the company's cash flow and liquidity and including oversight of accounts payable and accounts receivable as well as general ledger maintenance. Assisted in fund operations including acquisitions and disposition cash flow and reporting.

Managed the accounting and finance function for a startup organization working to construct a billion dollar private ski and golf resort. Areas of responsibility included establishing processes and procedures, cash management, construction development budgeting, forecasting, development of a private placement memorandum, presentations to potential investors, closing a $160 million capital round and audit and tax compliance.

My company provides strategic, financial and accounting consulting to private companies as well as non-profit organizations. We provide strategic planning, improved financial reporting, process review and improvement as well as fractional CFO/Controller services.Implementation of new processes and procedures; Assist in change management and systems implementation and enhancement including short term cash flow forecasting and annual budgeting; Data extraction and analysis including identification of Key Performance Indicators (KPI’s); Implementation of new accounting system; complex financial modeling using Argus and Excel, management of client staff, development of new revenue reporting model, provide technical support in areas of accounting, taxation and finance. Notable engagements include:• Serving as the senior financial person for a 500-member, $1.3 billion private golf and ski resort development with capital raising, investor relations, accounting, and general business (legal, HR, insurance) organizational responsibilities. Notable accomplishments include closing a $160 million capital round with a diversified list of high-net-worth investors as well as developing a job costing system.• Consulting CFO to a 225+ employee IT consulting firm with employees operating in 30 states to provide improved monthly financial reporting, better processes and procedures and budgeting/forecasting.• Interim Director of Finance for a $175 million food manufacturing company reporting to the President and CEO.

Park City, Utah, Us

Oversight and management of a team of six accounting and finance personnel for five investment funds; Hands on production and quality control review of quarterly and annual investor financial reports and audit reports; Identification of accounting process improvements focusing on efficiency and improved financial report to investors and management; Responsible for the maintenance and development of lending relationships and quarterly compliance reporting; Direct involvement in cash management forecasting, management of fund flows, annual budgets and liquidity projections. Ancillary duties include risk management activities and human resources/payroll.. • Reorganized the accounting team functionally to foster better communication and shorten the monthly closing from 75 days to 20 days.• Managed the external financial reporting for 100+ shareholders and multiple lending institutions to reduce errors and provide consistency and timeliness.• Secured a new lending relationship and completed the acquisition financing for a large retail project during market instability.• Provided finance support for the acquisition of 13 retail properties comprising over $75 million in value and disposition of 10 projects over a period of 15 months.• Authorized signer on over 20 deposit accounts and annual disbursements of over $50 million in operating and construction payables.• Reconfigured the job cost system to provide better clarity through detail and summarized reporting.

Buffalo, Ny, Us

Analyzing, evaluating and underwriting investment opportunities including developing pro forma financial analysis specific to the proposed real estate projects including construction and existing properties; Responsible for maintaining existing client base and developing banking relationships with new customers. Primary customer base comprised of High net worth individuals and private companies. • Underwrote and/or structured loan proposals for over $500 million of real estate projects within the office, industrial, multifamily, retail, hospitality, self-storage and land development sectors.• Assisted in growing the Pittsburgh commercial real estate lending platform into a $600 million book of business as one of the group’s first employees.• Managed multiple teams of deal partners including appraisers, brokers, environmental consultants, attorneys and contractors from loan origination to closing and ultimately payoff.• Identified alternative sources of capital including mezzanine debt and joint venture equity as well as cash management solutions including deposit and interest rate hedging. • Prepared, presented and defended loan proposals to applicable credit committee participants.

Butler, Pennsylvania, Us

Structuring, underwriting and closing new real estate financing and capital market transactions; Responsible for maintaining existing client base and developing banking relationships; Monitoring existing loan portfolio. • Prepared and presented loan proposals to loan committee and board of directors. • Assembled the credit files and dealt with the review for internal and external examinations.• Facilitated the workout or foreclosure of several troubled loans in an inherited loan portfolio.

Pittsburgh, Pa, Us

Manage the preparation of the financial statements, budgets and tax returns; Responsible for negotiating customer license agreements, developing and maintaining a database to track expiration of customer service agreements and oversight of annual billings; Assist CEO and founding members develop growth strategy for the company and develop financial models for the business plan. • Establish internal control policies and procedures for growing company. • Created a record retention policy and strategy for the company. • Developed structure and organization in order to more efficiently process financial transactions. • Assumed additional responsibilities for operational issues as well as human resource and benefit plans. • Reorganized the financial records and company procedures, stabilizing the accounting/finance function and raising capital despite declining sales.

Supervise the completion of all financial statements, budgets and tax returns; Actively involved in the financial analysis and negotiations of potential acquisitions and dispositions; Prepare financing requests, solicit proposals and close both credit and secured credit facilities; Managed the portfolio cash and debt balances in conformance with budgeted costs. • Assessed the deficiencies of the existing property management and accounting system, managed the selection, installation, conversion and training of a new system (Timberline Software) to increase efficiency in monthly closing and improve information reporting to all levels of management. • Evaluated and assisted in the structuring of all leasing transactions for an office and retail portfolio. • Secured construction and development financing of $20 million for developments and responsible for construction job cost and loan draw activities.• Experienced creating cash flow projection models on various types of projects. • Managed external relationships with bankers and other financing sources, accountants and investors including the financing of over $60 million of real estate or 40% of the portfolio. • Reorganized and re-engineered the accounting function, reducing annual closing cycle by as much as five months. • Managed the cash receipts and disbursements for over 15 separate entities including preparation of CAM/Tax billings and gross sales audits.

Pittsburgh, Pennsylvania, Us

At that time, the bank was a top 15 national banking concern with over $70 million in assets. Responsible for maintaining existing client and member bank relationships and generating new bank business. Completed financial analysis of private and public company entity financial statements along with creating financial models and projections for said companies. Responsible for reading and negotiating loan proposals and loan documents.

At that time, the company was a multi-national (“Big 5’), public accounting firm. Audited consolidated financial statements for clients in various industries. Completed Arthur Andersen’s Real Estate Due Diligence Training (Argus) and Hospitality Training programs and worked on a REIT IPO. Supervised, motivated, trained and reviewed staff accountants.

Bs, Accounting

Civic Engagement

Ms, Taxation