Skip Sorenson
Chief Financial Officer at Mike Thompson's RV- Claim this Profile
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Bio
Experience
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Mike Thompson's RV
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Santa Fe Springs, California, United States
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Chief Financial Officer
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Apr 2020 - Present
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Vice President
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Aug 2016 - Mar 2020
Risk Management Risk Management
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CA Rasmussen, Inc.
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Valencia, CA
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Chief Financial Officer
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Nov 2013 - Aug 2016
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JT Wimsatt Contracting Company, Inc.
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Valencia, CA
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Chief Financial Officer
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Jul 2012 - Sep 2013
Created Banking Relationships/Cashflow for anticipated growth from $22 million to a projected $61 million Recognized inefficiencies of existing software and managed enterprise wide conversion with Viewpoint software Implemented and oversaw company conversion to a cloud environment Designed the Company’s Self-insured Workers Comp plan to reduce premium cost by over $1 million annually Accelerated the month end close by 5 working days Manages accounting, HR and IT groups with… Show more Created Banking Relationships/Cashflow for anticipated growth from $22 million to a projected $61 million Recognized inefficiencies of existing software and managed enterprise wide conversion with Viewpoint software Implemented and oversaw company conversion to a cloud environment Designed the Company’s Self-insured Workers Comp plan to reduce premium cost by over $1 million annually Accelerated the month end close by 5 working days Manages accounting, HR and IT groups with responsibility for 4 unique companies Show less Created Banking Relationships/Cashflow for anticipated growth from $22 million to a projected $61 million Recognized inefficiencies of existing software and managed enterprise wide conversion with Viewpoint software Implemented and oversaw company conversion to a cloud environment Designed the Company’s Self-insured Workers Comp plan to reduce premium cost by over $1 million annually Accelerated the month end close by 5 working days Manages accounting, HR and IT groups with… Show more Created Banking Relationships/Cashflow for anticipated growth from $22 million to a projected $61 million Recognized inefficiencies of existing software and managed enterprise wide conversion with Viewpoint software Implemented and oversaw company conversion to a cloud environment Designed the Company’s Self-insured Workers Comp plan to reduce premium cost by over $1 million annually Accelerated the month end close by 5 working days Manages accounting, HR and IT groups with responsibility for 4 unique companies Show less
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NC Dynamics
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Long Beach, CA
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VP - Finance
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Feb 2011 - Jul 2012
Prepared the company to go to market with the assistance of McGladrey Capital Markets Worked very closely with the two owners to instill a more organized and professional atmosphere and philosophy Negotiated with real estate broker so we could add a 6th building to our compound Implemented an ongoing transition within the organization using M1 ERP system Successfully negotiated and increased the existing credit line by 50% while decreasing monthly interest expense and instituted… Show more Prepared the company to go to market with the assistance of McGladrey Capital Markets Worked very closely with the two owners to instill a more organized and professional atmosphere and philosophy Negotiated with real estate broker so we could add a 6th building to our compound Implemented an ongoing transition within the organization using M1 ERP system Successfully negotiated and increased the existing credit line by 50% while decreasing monthly interest expense and instituted more advantageous cash management solutions Introduced divisional budgets to entice managers to be more bottom-line oriented Oversaw accounting and human resources department (GL, AP, AR, Payroll, Human Resources, IT) Show less Prepared the company to go to market with the assistance of McGladrey Capital Markets Worked very closely with the two owners to instill a more organized and professional atmosphere and philosophy Negotiated with real estate broker so we could add a 6th building to our compound Implemented an ongoing transition within the organization using M1 ERP system Successfully negotiated and increased the existing credit line by 50% while decreasing monthly interest expense and instituted… Show more Prepared the company to go to market with the assistance of McGladrey Capital Markets Worked very closely with the two owners to instill a more organized and professional atmosphere and philosophy Negotiated with real estate broker so we could add a 6th building to our compound Implemented an ongoing transition within the organization using M1 ERP system Successfully negotiated and increased the existing credit line by 50% while decreasing monthly interest expense and instituted more advantageous cash management solutions Introduced divisional budgets to entice managers to be more bottom-line oriented Oversaw accounting and human resources department (GL, AP, AR, Payroll, Human Resources, IT) Show less
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Owner
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Jan 2008 - Feb 2011
During a tough economic cycle took stores from start-up to $1,000,000 Designed and managed leasehold improvements; recruited, hired and trained staff of 26 Developed rewards card program that increased repeat customers five fold, success led to program being introduced to franchise stores nationwide During a tough economic cycle took stores from start-up to $1,000,000 Designed and managed leasehold improvements; recruited, hired and trained staff of 26 Developed rewards card program that increased repeat customers five fold, success led to program being introduced to franchise stores nationwide
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CFO/COO
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Jan 1993 - Jan 2008
Led a team of 80 responsible for accounting, customer service, purchasing, warehouse management and quality / inventory control. Developed and directed a strategy that allowed the company to retire $4.5 million of sub-debt and $2.5 million of preferred stock Created and managed GmbH subsidiary in Germany to extend brand recognition and grow sales internationally Identified and oversaw enterprise wide conversion and implementation of Oracle ERP system Reduced past due receivables… Show more Led a team of 80 responsible for accounting, customer service, purchasing, warehouse management and quality / inventory control. Developed and directed a strategy that allowed the company to retire $4.5 million of sub-debt and $2.5 million of preferred stock Created and managed GmbH subsidiary in Germany to extend brand recognition and grow sales internationally Identified and oversaw enterprise wide conversion and implementation of Oracle ERP system Reduced past due receivables from 35% to 17% and bad debt expense by 90% Implemented RFID warehouse order pulling system that significantly reduced errors and dramatically transformed productivity Conceptualized and developed a Net Margin Analysis Report that facilitated analysis and action on non-profitable business Redesigned the Company’s 401K plan resulting in an investment strategy that significantly improved investment returns Show less Led a team of 80 responsible for accounting, customer service, purchasing, warehouse management and quality / inventory control. Developed and directed a strategy that allowed the company to retire $4.5 million of sub-debt and $2.5 million of preferred stock Created and managed GmbH subsidiary in Germany to extend brand recognition and grow sales internationally Identified and oversaw enterprise wide conversion and implementation of Oracle ERP system Reduced past due receivables… Show more Led a team of 80 responsible for accounting, customer service, purchasing, warehouse management and quality / inventory control. Developed and directed a strategy that allowed the company to retire $4.5 million of sub-debt and $2.5 million of preferred stock Created and managed GmbH subsidiary in Germany to extend brand recognition and grow sales internationally Identified and oversaw enterprise wide conversion and implementation of Oracle ERP system Reduced past due receivables from 35% to 17% and bad debt expense by 90% Implemented RFID warehouse order pulling system that significantly reduced errors and dramatically transformed productivity Conceptualized and developed a Net Margin Analysis Report that facilitated analysis and action on non-profitable business Redesigned the Company’s 401K plan resulting in an investment strategy that significantly improved investment returns Show less
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Corporate Accounting Manager
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Nov 1983 - Jan 1993
Responsibilities included job costing, general ledger, I/C analysis and preparation of financial statements, quarterly forecasts and annual business plan Division Controller position responsible for all financial information within the division Accounting Manager position responsible for all accounting functions related to the open shop division of one of the company's construction divisions Responsibilities included job costing, general ledger, I/C analysis and preparation of financial statements, quarterly forecasts and annual business plan Division Controller position responsible for all financial information within the division Accounting Manager position responsible for all accounting functions related to the open shop division of one of the company's construction divisions
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Education
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Morningside University
BA, Accounting -
University of Phoenix