See How Many Clients You're Missing Each Month

Simply enter your business email & Topline AI Agent will show you.

Bio

Generated by
Topline AI
Mike Todd is a seasoned finance professional with 30+ years of experience in financial management, accounting, and analysis. He has held various leadership positions, including Controller and Director of Finance, and has worked with multiple software packages such as Sage X3 ERP, SYSPRO, and Avalara. Mike has a strong educational background in Accounting and Business/Management from Minnesota State University, Mankato, and an MBA from University of Wisconsin-Madison.

Experience

    • Retired
      • Apr 2024 - Present

  • Thorud Inc
    • Greater Minneapolis-St. Paul Area
    • Controller
      • Apr 2019 - Apr 2024
      • Greater Minneapolis-St. Paul Area

  • Bay Island, LLC
    • Greater Minneapolis-St. Paul Area
    • Director of Finance
      • Mar 2017 - Apr 2019
      • Greater Minneapolis-St. Paul Area

  • Bay Island, Inc
    • Twin City Metro Area
    • Interim CFO
      • 2016 - Mar 2017
      • Twin City Metro Area

      Working with small business to use vast unique experiences to focus on problems, solve them and pull together a comprehensive accounting structure that benefits management by effectively reporting business performance.

    • Assistant Controller
      • 2015 - 2016
      • Shakopee, MN

      Conklin Company Inc. is a manufacturing and distribution company with six major product divisions: Agronomics, Animal Products, Building Products, Health, Home and Vehicle Products. The products are sold via a network marketing concept through a vast network of Independent Distributors. My duties in General Accounting included overseeing Cash, Accounts Receivable, Accounts Payable, Credit and Collections, Sales Taxes and Accruals.I played in integral role in the post conversion clean up in the company’s conversion to a Sage X3 ERP system. Key Balance Sheet Accounts were reconciled to enable Financial Statements to be issued. The flow of information into these accounts was defined and documented. I set up numerous processes and procedures, trained staff and set up checks and balances to ensure information flowing into these accounts was correct and accurate. As a result, errors and transaction problems were significantly reduced, time spent on reconciliations decreased substantially, balances in Key Balance Sheet accounts were reliable and accurate and Financial Statements were being prepared and closed on a timely basis.At Conklin, I worked with the following software packages:• Sage X3 ERP• SPS (Sage Payment Systems) Merchant Card Payment Systems• Avalara Sales Tax Cert Capture and Reporting

    • Director, Finance
      • 2012 - 2014

      A key member of the management team for a rapid growing manufacturer of specialized containers for the Health and Beauty industry reporting to the Company President and the CFO of the controlling investment group. Promoted from Controller in 2013. In charge of Accounting, Financial Reporting, Payroll, Insurance, Human Resources and IT and systems. Utilized SYSPRO ERP system for financial and operational reporting. Oversaw the daily performance of AR/AP, cash management, inventory control/costing, payroll, banking relationships and financial position. Responsible for monthly preparation of income statement, balance sheet and cash flow as well as annual budgeting that model strategic objectives and supporting the operations team with forecasting and analysis.

    • Controller
      • 2000 - 2012

      Directed financial function of a leading regional manufacturer and distributor of paints and coatings. Responsible for company’s financial plans and policies, accounting practices, banking relationships, maintenance of fiscal records and preparation of financial reports. Implemented financial performance reporting by function. Managed general accounting, credit and collections, human resources, risk management and administration. Utilized CIMPRO MRP software.

    • Controller
      • 1993 - 1999

      Controller of a manufacturer of dispersions for water based inks, a part of INX Group, a group controlling the nation’s third largest ink company headquartered in Schaumburg, IL. Played an instrumental role reorganizing the company and restoring it to profitability. Directed accounting, financial, MIS, human resources and customer service functions. Implemented effective financial management and cost accounting that substantially improved cash flow, reduced costs and enhanced operations. Appointed to the Board of Directors of Knight Colors. While at Knight Colors:• Inventory Turnover improved 116%• Accounts Receivable Turnover improved 92%• Bad Debts decreased 56%• Notes Payable decreased 43% and interest expense decreased 49%• Installed Batchmaster ERP system with Platinum Accounting.

Education

  • Minnesota State University, Mankato
    Bachelor of Science (BS), Accounting and Business/Management
  • University of Wisconsin-Madison
    Master of Business Administration (MBA), Business

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Accounting and Auditing”

Looking to Create a Custom Project?

Need a custom project? We'll create a solution designed specifically for your project.

Get Started

References

Social Profiles

Community

You need to have a working account to view this content. Click here to join now

Similar Profiles