Chief Financial Officer

Name : Luther Salonen
Industry Type : General Contractors - Managers
City & State : Springfield, MO
Job Title Chief Financial Officer
Relocation Preferences : United States
Objective : To join a stable growing company that does strategic planning.
Resume :  
Chief Financial Officer Construction Accounting Specialist
Executive level financial leadership from definition of performance benchmarks to P&L management. A creative and inspirational leader known for integrity, results, and the ability to develop long-term relationships with clients, peers, and employees. A self motivated strategic thinker with the ability to analyze situations, weigh opinions, and make critical decisions. Core competencies include:

Organizational & Approachable Leadership
Cost Accounting
Strategic Planning, Budgeting & Forecasting
Mergers & Acquisitions
Full Spectrum of Financial Reporting
Software installation with Interface and Integration
Inventory Reconciliation & Analysis
Timberline Software Specialist
Cash Management
Equipment Analysis





KILLIAN CONSTRUCTION & GROUP OF COMPANIES1997 2009
Chief Financial Officer, SVP Finance, Treasurer
Responsible for all Financial & Accounting departments including treasury, risk management, and information technology for a $175 million privately held multi-level diversified conglomerate
Installation of policies and procedures to produce accurate & timely management reporting.
Installed risk management system to produce an additional $1.3 million in profits over a 3 year period.
Integrated web based construction billing software to reduce staffing by two thirds for project accounting department.
Supervised installation of Point of Sale system for new retail acquisition.
Supervised IT hardware and software installation to grow from 4 servers to 28 servers with CITRIX access from 15 sites.
Member of senior management team forecasting growth, gross margins, and revenue projections as well as monitoring actual overhead costs to budgets.
Projected profit and backlog reports were installed for monthly reporting to board of directors, bonding companies, and banks along with reports for current operational profits.
Installed financial ratio and budgeting system to monitor the companys financial health and bonding capacity.
ROI cost benefit analysis on proposed capital investments such as corporate assets, real estate, and various types of vehicles and equipment.
Installed full electronic banking and cash management system to project and monitor all cash functions. Negotiated multiple bank loans for assets, real estate, and various types of equipment. Maintained several banking alliances.
Coordinated with outside legal counsel for all legal issues and advised President.
Truss manufacturer division accounting and inventory management.

TONY CRAWFORD CONSTRUCTION COMPANY1995 1997
Corporate Controller
Managed and supervised all Financial & Accounting operation, Risk Management, Administration, and Employee Benefits for a national $50 million corporation
Organized, directed and improved productivity of accounting and administration. Defined performance benchmarks to produce improved management reports and financial statements. Over 300 hundred jobs underway at any given time.
401K Plan implementation for employee retirement plan. Administered all other employee benefits.


SALONEN, INC.1988 1995
President, Owner
Manufacturing, Retail, Construction bookkeeping tax service and consulting business. Managed all operations and marketing. Employed two bookkeepers.
Timberline, Quickbooks, Peachtree, CYMA are among the softwares used. Timberline software specialist.
Implanted business plans and strategic forecasting for clients and handled computer conversions for several clients for more efficient reporting and management.
Instructed Cost Accounting students at Devry Institute. Developed and communicated lessons, demystified accounting and motivated students.

ED BELL CONSTRUCTION & INVESTMENTS1985 1988
Corporate Controller
$40 million Heavy Construction Contractor now rated in Texas Top 100 contractors
Trained division controller in construction industry accounting, management of accounting department.
Directly handled the IT function.
Mentored a unified team in accounting, administration and human resource departments resulting in high morale, better working attitude, and the ability to set and accomplish their own goals.
Acquisition acquired and installed systems for parts inventory, sales, and service departments.
Evaluated and diagnosed problems in current training procedures for new employees, computer operations, and cross training. Executed an improved program in training and problem solving.
Computer hardware upgrade for management reporting and efficiency.

ROGERS OBRIEN CONSTRUCTION1984 - 1985
Assistant Controller
$25 million Self Performing General Contractor for Commercial & Industrial Construction
Supervised accounting department for several partnerships along with production of financial statements. Managed a profit analysis system working with Mr. OBrien and project managers for profit projection.

AUSTIN STEEL COMPANY 1982 -1984
Cost Accounting & Administration Manager
$20 million Designer & Manufacturer of steel beams used in high rise structures
Installed inventory and job cost system for subcontractor. Diagnosed, evaluated and modified undeveloped software. Directed the conversion of programs to a systematized integrated balanced program.

OIL CITY IRON WORKS 1978-1982 Cost Accounting Supervisor
$15 million Oil drilling industry parts manufacturer
Supervised time studies to compare to budgets for cost accounting purposes. Coordinated monthly and annual inventory reconciliation to accounting records.



EDUCATION

Texas Tech University
Lubbock, Texas
BBA Accounting Major

PROFESSIONAL AFFILIATIONS

International Risk Management Institute
Construction Financial Management Association
Institute of Management Accountants




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