Teresa Crotts, MBA
Vice President of Finance at Chasm Partners- Claim this Profile
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Bio
Credentials
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IMA Leadership Academy (IMALA) Pewter Level
IMA | Institute of Management AccountantsMay, 2019- Sep, 2024
Experience
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Chasm Partners
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United States
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Staffing and Recruiting
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1 - 100 Employee
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Vice President of Finance
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Mar 2023 - Present
• Develop and implement financial planning and analysis processes to support strategic decision-making • Provide accurate and timely financial forecasts, projections, and performance metrics to guide the organization's financial goals and objectives. • Develop the annual budget and quarterly forecasts and maintain financial projections – analyze trends and the impact on future results, further expanding on analysis, and best practices. • Oversee cash flow management, including cash flow forecasting, monitoring, and optimization. • Develop strategies to manage working capital, liquidity, and risk to ensure the organization's financial stability and growth. • Responsible for monthly financial close, including detailed analysis and reconciliation of all general ledger accounts. • Provide strategic financial leadership and support to senior leadership in developing and executing financial strategies aligned with the organization's business objectives. • Ensure compliance with relevant financial regulations, laws, and standards. Coordinate and manage internal and external audits. Implement and maintain effective internal controls to safeguard the organization's financial integrity. • Foster a collaborative and inclusive work environment that encourages teamwork, innovation, and continuous improvement. Show less
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Bespoke Partners
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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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Vice President Finance
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Jun 2021 - Jan 2023
Bespoke Partners is the only firm focused exclusively on executive recruiting and leadership advisory services for private equity firms and portfolio companies in software. • Managed the daily accounting operations to include revenue recognition, billing accounts payable, fixed assets, commissions and payroll tax, and operational cash management (treasury function).• Responsible for monthly financial close, including detailed analysis and reconciliation of all general ledger accounts. • Developed the annual budget and quarterly forecasts and maintained financial projections – analyzed trends and the impact on future results, further expanded on analysis, and best practices. • Developed and maintained multiple financial models (KPIs across departments, Cash vs. Burn, Forecasting & Analysis, Commissions). Reported and analyzed trends and data to refine accuracy of projections, including risk and opportunity assessments. Presented and collaborated with BOD and Executive Leadership to optimize financial performance.• Successfully implemented Generally Accepted Accounting Principles (GAAP)-based Financials along with being main point of contact with auditors in the successful completion of Bespoke Partners first audit.• Played an integral part in the strategic investment from AEA Growth in 2022.• Played an integral part in the transition from an S Corporation to an LLC, including compliance in multiple states and working with tax accountants, bankers, and auditors.• Assisted in the implementing and training for system upgrades, including Sage Intacct (from QuickBooks Online) and Expensify; integrated multiple systems seamlessly for use in day-to-day operations.• Managed department staff. Identified and provided coaching, mentoring, and training to enhance employee professional development and performance management. Show less
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Director of Finance
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Oct 2019 - Jun 2021
• Managed the daily accounting operations to include billing, accounts payable, accounts receivable, fixed assets, and payroll tax.• Assisted in hiring 50 employees in 2020 and 2021. Nearly tripled company headcount during the COVID-19 pandemic (March 2020 to June 2021), which included onboarding and training employees. • Improved financial and operational processes and standard operating procedures to ensure compliance with financial and contractual requirements. • Assisted in monthly financial close, including detailed analysis and reconciliation of all general ledger accounts.• Assisted with the development of the annual budget and quarterly forecasts, maintained financial projections – analysis of trends and impact on future results, further expanding analysis, and best practices.• Developed, implemented, and maintained accounting / contractual policies and procedures.• Performed contract management, negotiations, and customer contact activities. Show less
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Technical Systems Integration, Inc.
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United States
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Defense & Space
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1 - 100 Employee
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Vice President
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Nov 2018 - Feb 2020
• Oversaw all back-office functions, including information technology, human resources, contracts, finance, and accounting. • Provided leadership through financial analysis, management, and decision support to assigned areas. • Oversaw monthly financial close, including detailed analysis and reconciliation of all general ledger accounts.• Developed competitive cost proposals by evaluating market rates, generating pricing templates, coordinating with subcontractors (if necessary), creating back-up documentation, and writing cost narrative. Show less
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Accounting and Finance Manager
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Apr 2016 - Nov 2018
• Developed and maintained financial accounting system for cash management, accounts payable, accounts receivable, credit control, and petty cash.• Managed department staff. Identified and provided coaching, mentoring, and training to enhance employee professional development and performance management.• Oversaw all audit and internal control operations. Prepared short- and long-term financial forecasts of financial performance for use with internal management and external parties.• Developed, implemented, and maintained accounting / contractual policies and procedures.• Interacted with internal and external contacts. Performed contract negotiations, contract management, and customer contact activities to provide for proper contract acquisition and fulfillment in accordance with company policies, legal requirements, and customer specifications.• Managed relationships with US government agencies (DCAA, DCMA), ensuring compliance with all applicable laws, regulations, and policies (FAR, corporate policy).• Completed and managed subcontract NDAs, teaming agreements, subcontracting agreements, and all contractual documents. Show less
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Financial Analyst
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Oct 2011 - Mar 2016
• Served as financial analyst for all company projects. Worked directly with supervisors and program / project managers to financially manage customer and company expectations, using Word documents, reports, and Excel spreadsheets.• Created contract budgets for program / project managers. Audited, tested, reviewed, and updated accounting system to maintain system integrity and ensure manual data entries were processed correctly.• Forecasted and managed fiscal-year company budgets, including direct labor, overhead labor, overhead travel and expenses, subcontractors and associated budgets, as well as sales and marketing.• Assisted in culmination and generation of company fiscal-year overhead (contractor site), overhead (government site), G&A, and material and shipping (pass-through) indirect provisional rates.• Maintained corporate backlog report, monitored all overhead costs, forecasted monthly direct labor, and provided weekly, biweekly, monthly, quarterly, and yearly reports.• Audited expenses for travel, invoices, and purchase requisitions for accuracy, conforming to DCAA and company regulations. • Generated and tracked integrated revenue / expense analyses, projections, and cost reports.• Tracked level of effort (LOE) and potential future risks on 15 projects.• Supported competitive cost proposals by evaluating market rates, generating pricing templates, coordinating with subcontractors (if necessary), creating back-up documentation, and writing cost narrative.• Assisted with implementation of JAMIS Prime ERP. Show less
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Education
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2014 - 2018
Strayer University
Master of Business Administration (MBA), Finance -
2007 - 2011
Penn State University
Bachelor of Science, Accounting -
Defense Acquisition University
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