Scott K. Bailey JD, CPA



Education:

University of Notre Dame
B.B.A. in accounting, cum laude May, 1981

DePaul University College of Law
J.D. June, 1985


Experience:

Chief Financial Officer January, 2009 August, 2009
Goldmark Property Management, Inc.
Fargo, ND

Responsible for all accounting and financial functions for a $600 million real estate property management company consisting of 256 entities and more than 10,000 multi-family units and 18 commercial properties in four states.
Redesigned budget process for all entities including the parent management company.
Redesigned accounts payable and credit card payment processes.
Reviewed and reevaluated quarterly dashboard reports.

Chief Financial Officer June, 2004 November, 2008
Sand Companies, Inc.
St. Cloud, MN

Responsible for all accounting and financial functions for a $400 million real estate development, construction and property management company consisting of multi-family rental real estate and hotel properties.
Member of Board of Directors.
Financial reporting includes GAAP reporting for fifty-two separate entities.
Responsible for investor relations and reporting for all entities.
Uniformly designed accounting policies and procedures for all properties and designed special reports, as necessary.
Scheduled and organized audits of approximately thirty-four entities, including HUD Section 8 and MHFA reporting.
Prepared personal financial statements for majority owner.

CPA January, 2000 June, 2004
Scott K. Bailey JD, CPA
Minneapolis, MN

Directed an accounting and consulting practice specializing in providing financial, tax and accounting services to startup, small and mid-size businesses and wealthy individuals.
Directed a sole proprietor CPA firm while the owner was on a leave of absence.

Controller August, 1996 January, 2000
Aagard Sanitation, Inc. and Ace Solid Waste, Inc.
Minneapolis, MN

Responsible for billing, accounts receivable, collections, accounts payable, payroll, cash management, bank relations, financial reporting, accounting system development and human resources.
Led accounting department during growth period which increased company value from $14 to $40 million without increasing staff size.
Led two separate accounting software conversions.
Redesigned all accounting reports and systems, including financial reporting, accounts receivable and cash management.





Developed key quarterly financial reporting ratios and created historical data base related thereto.
Advised President on merger/acquisition opportunities and successfully integrated four into company operations and advised the President on the corporate buyout with Waste Management in 1999.

Partner September, 1994 August, 1996
Abdo Abdo & Eick CPAs
Bloomington, MN

Responsible for firm-wide tax policies, research and compliance for a regional accounting firm specializing in small and growth-oriented business and highly compensated individuals.
Generated second highest billings amongst all partners during second year surpassing one of two senior partners.
Responsible for all tax matters related to a major real estate development and property management company.

CPA/Attorney January, 1990 September, 1994
Scott K. Bailey JD, CPA
Eden Prairie, MN

Specialized in providing services to startup and growing businesses and wealthy individuals.
Led several estate, tax and financial planning seminars in conjunction with Morgan Stanley Dean Witter.

Controller June, 1986 January, 1990
Stuart Corporation
St. Paul, MN

Responsible for all accounting functions for a real estate development, construction and property management company.
As the company's first controller, developed staff from 4 to 16, including accounts payable, accounts receivable, general ledger, financial reporting, MIS, purchasing and cash management.
Financial reporting included reporting to more than fifty separate owners of fee managed properties.
Uniformly redesigned chart of accounts and financial reports.
Scheduled and organized twenty audits amongst six public accounting firms, including HUD Section 8 and MHFA reporting.
Led system conversion from S/36 based system to a Lan-based system utilizing Timberline software.

CPA/Tax Supervisor June, 1981 June, 1986
Deloitte & Touche
Chicago, IL and Minneapolis, MN

Tax accountant with the small and emerging growth company practice.
Client base included manufacturing, real estate and owner's of closely held businesses.