James Thurston, MBA, CPA
Founder at Thurston Advisory & Consulting- Claim this Profile
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Bio
David Srour
I have had the pleasure of working with Jim on a number of initiatives. Jim is detail oriented, logical and stays focused on the business objectives of the initiative. A pragmatic leader, Jim manages team efforts very well. His many years as a senior financial practitioner are evident in the way he approached tasks and achieved his outcomes. I look forward to working with Jim again.
Mark Shinkle
Jim and I were classmates at Kellogg and assigned to the same study group. Over a two year period, we worked closely together on numerous assignments, studies and graded deliverables. Jim was widely recognized as one of the most intelligent students in the class and his effort and preparation were second to none. His accounting and financial knowledge, expertise and insight were brilliant.
David Srour
I have had the pleasure of working with Jim on a number of initiatives. Jim is detail oriented, logical and stays focused on the business objectives of the initiative. A pragmatic leader, Jim manages team efforts very well. His many years as a senior financial practitioner are evident in the way he approached tasks and achieved his outcomes. I look forward to working with Jim again.
Mark Shinkle
Jim and I were classmates at Kellogg and assigned to the same study group. Over a two year period, we worked closely together on numerous assignments, studies and graded deliverables. Jim was widely recognized as one of the most intelligent students in the class and his effort and preparation were second to none. His accounting and financial knowledge, expertise and insight were brilliant.
David Srour
I have had the pleasure of working with Jim on a number of initiatives. Jim is detail oriented, logical and stays focused on the business objectives of the initiative. A pragmatic leader, Jim manages team efforts very well. His many years as a senior financial practitioner are evident in the way he approached tasks and achieved his outcomes. I look forward to working with Jim again.
Mark Shinkle
Jim and I were classmates at Kellogg and assigned to the same study group. Over a two year period, we worked closely together on numerous assignments, studies and graded deliverables. Jim was widely recognized as one of the most intelligent students in the class and his effort and preparation were second to none. His accounting and financial knowledge, expertise and insight were brilliant.
David Srour
I have had the pleasure of working with Jim on a number of initiatives. Jim is detail oriented, logical and stays focused on the business objectives of the initiative. A pragmatic leader, Jim manages team efforts very well. His many years as a senior financial practitioner are evident in the way he approached tasks and achieved his outcomes. I look forward to working with Jim again.
Mark Shinkle
Jim and I were classmates at Kellogg and assigned to the same study group. Over a two year period, we worked closely together on numerous assignments, studies and graded deliverables. Jim was widely recognized as one of the most intelligent students in the class and his effort and preparation were second to none. His accounting and financial knowledge, expertise and insight were brilliant.
Credentials
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Certified General Management Accountant
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Certified Public Accountant
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Experience
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Thurston Advisory & Consulting
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United States
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Business Consulting and Services
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1 - 100 Employee
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Founder
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Sep 2019 - Present
Helping clients achieve accelerated profitable growth | Turnaround & restructuring | Fractional CFO and accounting services | Financial planning, analysis, and management reporting | Financing; Mergers and acquisitions | CRM, Operations and margin optimization. In today's environment, businesses need to make adjustments to grow faster or in some cases, just survive. Offering a powerful combination of 20 years in finance and accounting with 14 years of commercial real estate expertise, Thurston Advisory & Consulting is uniquely positioned to help companies navigate their business forward. Experience includes work with leading S&P 500 companies, mid and small businesses as well as start-up environments. Thurston Advisory & Consulting offers guidance across the enterprise in both domestic and international markets. Consulting Partnerships include: * One11 Advisors (CRE) * Brainsell (business growth)
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One11 Advisors, an Altus Group business
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United States
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Business Consulting and Services
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1 - 100 Employee
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Consultant
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Sep 2019 - Present
Deploying extensive commercial real estate experience with the great team of One11 Advisors. Deploying extensive commercial real estate experience with the great team of One11 Advisors.
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Private Foundation
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Indianapolis, Indiana, United States
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Board Member | CFO
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Apr 2019 - Present
Member of the Board of Directors and CFO for a private foundation primarily serving central Indiana for basic human needs such as housing, clothing, shelter, education and food insecurity Member of the Board of Directors and CFO for a private foundation primarily serving central Indiana for basic human needs such as housing, clothing, shelter, education and food insecurity
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Ambrose Property Group
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United States
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Real Estate
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1 - 100 Employee
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Chief Financial Officer
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Aug 2021 - Aug 2022
Chief Financial Officer for Ambrose Property Group, a leading industrial real estate developer Chief Financial Officer for Ambrose Property Group, a leading industrial real estate developer
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Vista Verde Group
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United States
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Investment Management
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CFO
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Jun 2018 - Jul 2019
CFO for start up private equity firm. Goal to invest in clinic type businesses such as dermatology, dental, and autism clinics and where possible own the real estate for those entities. CFO for start up private equity firm. Goal to invest in clinic type businesses such as dermatology, dental, and autism clinics and where possible own the real estate for those entities.
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DMC Insurance, Inc.
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United States
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Insurance
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1 - 100 Employee
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EVP Administration & Customer Service
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Nov 2016 - Jul 2018
Followed CEO, CFO and chairman of Baldwin & Lyons to DMC. Led and coordinated the development of a brand messaging & hierarchy, logo design, website and related content development. This included design of convention booth and marketing materials. In addition, responsibilities include developing necessary infrastructure to respond to customer needs using technology where possible and prudent to improve customer experience. DMC Insurance is part of Fairfax Financial Holdings Limited and serves as a transportation program manager for marketing, underwriting, and claims management with authority on behalf of Crum & Forster. DMC leverages our years of collective commercial transportation insurance experience to help clients navigate risk and maximize financial outcomes through innovation, practical expertise and the efficient use of technology.
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Baldwin & Lyons, Inc.
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United States
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Insurance
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1 - 100 Employee
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VP, Planning & Forecasting
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Jun 2016 - Oct 2016
Partnered with business owners to develop company's first ground up budget - including repeatable headcount & payroll forecast. Improved visibility into key cost areas through expense accounts and departments which would serve as foundation for future operational reporting - process identified excessive spending and potential cost savings. Recommended changes to billing procedures, operating reporting and invoice processing. Identified limitations in the close process and recommended hierarchy plan to reduce close timeline to best in class in under 12 months.
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AVP Administration
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Jun 2015 - Jun 2016
Led assessment of customer service delivery model and evaluation of challenges being experienced. Triaged a number of problems that had been overlooked. Recommended and led contact center assessment which identified a number deficiencies in CX design and support - cultural focus on customers needs, improve call flow, establish tiered contact center, improve talent and implement CRM, knowledge, and quality management toools. Hired contact center director to lead these initiatives.
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GGP
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United States
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Real Estate
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700 & Above Employee
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Chief Accounting Officer and Treasurer
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Jun 2011 - Oct 2014
As SVP, Chief Accounting Officer and Treasurer for subsidiary companies at General Growth Properties, Inc., I participated in the post-bankruptcy turnaround of the nation’s second largest mall owner, with an enterprise value of $40 billion. I had P&L responsibility for a department of 250 and oversaw the functional areas of lease abstraction, accounts receivable, cash application, treasury, accounts payable, general ledger, consolidations, SEC and other external Reporting. I brought about improvements to his department leadership team, organizational structure and staff performance. I also led or participated in several projects that resulted in maximized lease value capture, enhanced organizational forecasting including on a space by space basis, vastly improved organizational reporting and operational insights, maximized the use of the JDEdwards ERP system, and improved accounts receivable collections and related processes.
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Simon Property Group
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United States
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Real Estate
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700 & Above Employee
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VP-Finance, International Operations
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Jan 2004 - May 2011
As the VP Finance and International Operations at Simon Property Group, Inc., I was a lead member responsible for the international expansion of the nation’s largest mall owner. I was also a member of the Board of Directors for 2 European joint ventures. In this role, I was in a private equity and venture capital “like” environment dealing with joint ventures with minimal equity investments, high leverage, aggressive growth and development plans, complicated earn-outs, institutional partners, and with a focus on return maximization. During his tenure, I negotiated the sale of a joint venture, and led/assisted in the evaluation of nearly $18 billion of global acquisition and new development opportunities in Europe (France, UK, Italy, Netherlands, Spain, Poland, Scandinavia, Turkey and Russia) and India. I also led/assisted in over $3 billion of financing transactions as well as the evaluation and negotiation of covenant changes after the 2009 financial crisis.
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SEC Reporting Director
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Jan 2001 - Jan 2004
Also with Simon Property Group I was the SEC Reporting and Consolidation Director where I managed the department responsible for the preparation of complex consolidation and SEC filings (10-K, 10-Q, and Annual Reports) and other supplemental disclosures. I also prepared the MD&A for the Annual Report.
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Provalent
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Indianapolis, Indiana Area
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Controller
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May 2000 - Nov 2000
Served as Controller of ProValent, a largely angel financed startup venture where I prepared the financial projects used in negotiations prospective with venture capital firms. The small start-up company was a business-to-business internet based company. Developed the company’s back office processes, procedures, and certain company policies. Served as Controller of ProValent, a largely angel financed startup venture where I prepared the financial projects used in negotiations prospective with venture capital firms. The small start-up company was a business-to-business internet based company. Developed the company’s back office processes, procedures, and certain company policies.
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Audit Manager
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1994 - 2000
I started my career at Ernst & Young LLP where I served a client base – both public and private - and my SEC audit clients included consumer finance, restaurant, and supermarket companies and my clients also included manufacturing and not-for-profit organizations. I started my career at Ernst & Young LLP where I served a client base – both public and private - and my SEC audit clients included consumer finance, restaurant, and supermarket companies and my clients also included manufacturing and not-for-profit organizations.
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Education
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Northwestern University - Kellogg School of Management
MBA -
Michigan State University
B.A., Accounting