Dan Gannon
VP of Finance at Henning Companies- Claim this Profile
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Bio
Credentials
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Certified Public Accountant
American Institute of Certified Public Accountants (AICPA)
Experience
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Henning Companies
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United States
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Construction
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1 - 100 Employee
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VP of Finance
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Sep 2021 - Present
Direct all accounting operations, oversee all transactions related to the general ledger, receivables, payables, payroll, and financial reporting. Analyze the company's financial results with respect to profits, trends, costs, and budget compliance. Provide strategic guidance around capital financing options to support company growth. • Build relationships and trust with internal and external stakeholders by fostering clear communication and cross-functional collaboration to build consensus… Show more Direct all accounting operations, oversee all transactions related to the general ledger, receivables, payables, payroll, and financial reporting. Analyze the company's financial results with respect to profits, trends, costs, and budget compliance. Provide strategic guidance around capital financing options to support company growth. • Build relationships and trust with internal and external stakeholders by fostering clear communication and cross-functional collaboration to build consensus and support for company financial initiatives and goals. • Foster an environment that promotes employee engagement and teamwork and coach team to become proactive thinkers who can identify opportunities for improvement. • Establish, update, and implement accounting process and controls to mitigate risk and protect assets. • Analyze financial information detailing assets, liabilities, and capital. • Prepare balance sheet, profit and loss statements, and other reports to summarize current and projected company financial position as well as reports required by regulatory agencies. • Audit contracts, orders, and vouchers, maintain cash accounts, and evaluate cash investment opportunities. Show less Direct all accounting operations, oversee all transactions related to the general ledger, receivables, payables, payroll, and financial reporting. Analyze the company's financial results with respect to profits, trends, costs, and budget compliance. Provide strategic guidance around capital financing options to support company growth. • Build relationships and trust with internal and external stakeholders by fostering clear communication and cross-functional collaboration to build consensus… Show more Direct all accounting operations, oversee all transactions related to the general ledger, receivables, payables, payroll, and financial reporting. Analyze the company's financial results with respect to profits, trends, costs, and budget compliance. Provide strategic guidance around capital financing options to support company growth. • Build relationships and trust with internal and external stakeholders by fostering clear communication and cross-functional collaboration to build consensus and support for company financial initiatives and goals. • Foster an environment that promotes employee engagement and teamwork and coach team to become proactive thinkers who can identify opportunities for improvement. • Establish, update, and implement accounting process and controls to mitigate risk and protect assets. • Analyze financial information detailing assets, liabilities, and capital. • Prepare balance sheet, profit and loss statements, and other reports to summarize current and projected company financial position as well as reports required by regulatory agencies. • Audit contracts, orders, and vouchers, maintain cash accounts, and evaluate cash investment opportunities. Show less
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District Operations Manager
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Jan 2020 - Feb 2022
Successfully transitioned family business through acquisition while retaining all employees and customers. Negotiated acquisition terms to provide value to new owners and stakeholders. Retained as District Operations Manager.
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Chief Financial Officer
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May 2005 - Feb 2020
• Grew company sales from $8MM to $40MM while increasing margins through fiscally responsible financial management strategies and discipline, streamlined operating procedures, clear goals, and expectations, as well as brand management. o Grew corporate fleet from 6 trucks to 15 trucks o Increased staff from 20 to 49 employees. o Lowered bad debt by 64% as a percentage of sales by creating a new credit application, additional background checks, changing terms, and setting appropriate… Show more • Grew company sales from $8MM to $40MM while increasing margins through fiscally responsible financial management strategies and discipline, streamlined operating procedures, clear goals, and expectations, as well as brand management. o Grew corporate fleet from 6 trucks to 15 trucks o Increased staff from 20 to 49 employees. o Lowered bad debt by 64% as a percentage of sales by creating a new credit application, additional background checks, changing terms, and setting appropriate credit limits, driving down accounts receivables average days sales outstanding from 138 days to 61 days. o Reduced labor by 6% as a percentage of sales. o Controlled expenses through vendor selection and contract negotiations. o Increased the line of credit from $500K to $8MM to improve cash flow and recognize volume discounts on large purchases by building professional relationships with bankers. o Contained health insurance expenses by restructuring benefits and policies. o Refreshed the company brand with new logos and marketing materials. • Identified and opened a new store location in Sioux City, IA growing sales from $0 to $4MM. Investigated the market, reviewed lease/purchase options, selected the facility, and completed an extensive remodel on time and budget. • Managed the on-time and on-budget construction of an 8000 SF new corporate office, showroom, and warehouse. • Exceeded sales forecast by 400% and captured unprecedented market share by strategically managing the overwhelming demand created by the 2020 Derecho. o Recruited, hired, and trained additional team members to meet workload demands. o Streamlined business processes and created new procedures to increase workload capacity.
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Education
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Graceland University
Bachelor's degree, Accounting & Business Administration
Community
