Terri Lane Email & Phone Number

Irving, Tx, Us

•Directed and maintained accounting, finance and external reporting. Mentor and manage accounting staff.•Cash flow management, forecasting and accounting of $20M in annual revenue.•Process development and improvement in all areas of the accounting department.•Partnered with HROI PEO to manage employee benefit programs. Weekly payroll for 65 exempt and non-exempt employees. Ensure employer compliance with HR issues according to federal and state laws.•Facilities management to ensure building code compliance, repairs, contracted services.•Annual risk assessment and renewal of Commercial liability insurance coverages.•Manage both the annual audit and tax return with external Audit and CPA firm.•Key Accomplishments:•Progressive Laboratories was in the process of a potential sale without a Controller. As interim controller my ability to quickly adapt my experience and knowledge to the manufacturing industry lead to a permanent position as Controller. •Maneuvered through an outdated version of the AS400 accounting software and produced updated financial statements for potential buyers within 2 weeks.•Improved accounts payable procedures to maximize weekly cash flow and reporting.•Facilitated Integrity Ethics and Anti-Harassment training to employees. Previously the employees did not have this training.

Addison, Texas, Us

• Officer of the company serving as Corporate Secretary with signing authority on business matters.• Developed, directed and maintained accounting, finance, external reporting, and external audit activities of the finance organization. Mentored and managed accounting staff.• Treasury reporting, Cash flow management and accounting of $23M in annual revenue.• Assisted Global CFO with annual budget and quarterly forecast.• Monthly presentations of financial accounts to Board of Directors including founding Chairman.• Shared accounting services for Latin America and Canadian operations. Multi-Currency transactions, International banking relationship management.• Renewal of Health Insurance benefit plans, Workers Compensation and Commercial Liability Insurance.• Payroll Administration through 3rd Party payroll processor, eDays time management software. • Federal, State and Local Tax filings, Federal Compliance Reporting.• Centralized Billing support between ERP Software and Sage 300. Key Accomplishments:• Transitioned finance and accounting team from Carlsbad, CA to Addison, TX.• Reduced number of State tax filings from 32 States to 15 by determining Nexus in occupied States. Resulting in lowering overall State taxes and Tax consulting fees.

• Handled all accounting and tax matters including AP, AR, and fixed assets. Mentored and lead accounting staff.• Prepared consolidated financials for 15 entities using equity accounting method and intercompany eliminations.• Managed general ledger activity, including account analysis and reconciliation, accruals, journal entry preparation, and month-end / year-end closing. • Created financial forecasts to control cashflow activity for 30 bank accounts ranging from $50k to $500M.• Prepared benefit cost allocations including 401(k) employee and employer contributions, flex benefits, and health insurance. • Ensured compliance with organizational policies and financial controls. • Coordinated and participated in annual internal audit functions and support of annual external audit functions.• Prepared shared services billings involving IT support, rent, and telephone.• Process payroll through ADP while maintaining employee records.Key Accomplishments:• Assisted in Phase 2 of downsizing, including staff reductions and physical relocation of operations. One of six employees chosen to remain until the liquidation of Stone Holdings and Subsidiary assets was complete in 2012.• Spearheaded lengthy project researching and providing supporting legal documents, general ledger activity, and communication records to support write-offs of note receivables cited in IRS audit. Resulted in IRS final decision to not require changes to 2008 tax return, whereby no taxes and penalties were owed.• Assigned by president of parent company to oversee accounting and convert Tax financials back to GAAP financials after the sale of subsidiary. Restated and redistributed financial statements, reconciled investment, and booked gain on sale of the assets of $15M.

• Managed accounts receivable, accounts payable, fixed asset management, and financial reporting.• Mentored and lead accounting staff.• Created financial statements for 21 entities and presented results to top-level management within all companies. • Prepared cash flow statements. • Evaluated internal controls and identified areas for improvement.• Prepared cash reports that determined funding requirements for subsidiary operating expenses.• Contributed to annual auditing functions by compiling documentation.Key Accomplishments:• Functioned as part of committee charged with selection and implementation of a new and comprehensive accounting system that would accommodate over 40 operating subsidiaries with assets totaling $100M.• Collaborated with Legal department to liquidate numerous unprofitable investments and human resources in the reduction of direct reports during company downsizing. Reduced cash advances of up to $2M invested annually in unprofitable investments, and reduced expenses by approximately $350k.

Associates, Accounting

Fashion Merchandising