Mark Olson, CPA

Current

• President & CEO at Olson Consulting

Past

• Consultant at The Lyndon Group
• VP Finance at Advanced Enterprise Solutions
• Consultant at Olson Consulting (Sole Proprietorship)

• CFO at Lummi Indian Business Council
• CFO at Innovac Technologies, Inc.
• VP Corporate Controller at Unisource Corporation
• Accounting Manager at Rusty Pelican Restaurants
• Senior Auditor at KPGM, CPAs

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Education

• University of San Diego

Recommended

3 people have recommended Mark

Connections

200 connections

Industry

Management Consulting

Mark Olson, CPA’s Summary

Licensed California CPA
Member of AICPA
Member of California Society of CPAs
Member of Financial Executive Network Group (FENG)

Mark Olson, CPA’s Specialties:

Provides senior accounting and financial management for public and private companies with an emphasis on interim and part-time CFO. Inventory management and control, financial reporting, budgeting, strategic planning, financing, Sarbanes-Oxley, internal audit, personal and corporate income tax returns, policies and procedures, month-end close, management, treasury, system implementation, international, consolidations, mergers and acquisitions, operational review and improvement.

Mark Olson, CPA’s Experience

• President & CEO

  Olson Consulting

  (Privately Held; 1-10 employees; Management Consulting industry)

  June 2001 — Present (7 years 2 months)

  I bring the broad perspective and maturity of more than 25 years of solid accounting and financial management experience to my consulting practice, having served as both a consultant and a proven financial executive with demonstrated capacity to achieve results in a number of substantial corporations. I am focused primarily in providing interim CFO/Controllership and part-time CFO experience for small to mid-sized companies who are in transition or are too small for a full-time CFO. Additionally, I have a solid track record of providing corporate finance services demonstrated by the successful completion of significant transactions. See www.markolsoncpa.com.
  
  List of Companies: DriveCam, Newport Corporation, Biolase Technologies, ViaSat Inc, Impac Mortgage Company, Enviance Inc., Reino Enforcement Technologies, William Knoke, LLC, Experian, Luggage Guardian International, New Horizons Computer Learning Centers, California Prudential Realty, CPP Inc, Strasbaugh, Inc.

• Consultant

  The Lyndon Group

  (Public Company; 11-50 employees; Accounting industry)

  2006 — 2008 (2 years)

• VP Finance

  Advanced Enterprise Solutions

  (Privately Held; 501-1000 employees; Information Technology and Services industry)

  March 2000 — May 2001 (1 year 3 months)

  ($100 million 22 location privately held national computer hardware reseller, design software reseller and service provider, later sold to MSC Software)
  
  • Designed and developed company’s financial reporting system, budgeting system and all systems for this distributor resulting in improved performance measurements and eventual sale of company.
  • Restructured company’s accounts receivable department of 3 staff personnel and improved collection times on $16 million of accounts receivable resulting in a 100% decrease in Accounts Receivable >60 days.
  • Reduced potential bad debts by $2,000,000 by successfully negotiating with troubled dot.com companies.

• Consultant

  Olson Consulting (Sole Proprietorship)

  (Sole Proprietorship; Myself Only; Management Consulting industry)

  March 1998 — March 2000 (2 years 1 month)

  • CWS Capital Partners – Established real estate development and property management company
  • • Acted as interim corporate controller and assisted CFO with successful spin off of company's’mobile home parks to a REIT.
  • NeTel Educational Systems – Start-up software developer and implementation company
  • • Prepared financial forecasts, 3 & 5 year projections and business plan and marketed company to potential investors.
  • WorkSeek.com – Start-up career fair and on-line job posting company
  • • Reconstructed 3 year financial statements for first time audit in preparation for an IPO.

• CFO

  Lummi Indian Business Council

  (Government Agency; 501-1000 employees; Government Administration industry)

  March 1995 — February 1998 (3 years)

  (Organization consisted of 950 employees and recognized as the 3rd largest employer in Northwest Washington. Total budget of $35 million)
  
  • Managed a staff of 20 with responsibility for accounting, purchasing, grants and contracts, information systems, facilities and budgeting while maintaining low turnover and improving skills of staff.
  • Initiated emergency measures to take control of failing $12 million Casino resulting in minimizing the loss of tribal funds.
  • Implemented and improved cash and investment policies and procedures resulting in improved confidence of finance department from the council and community.
  • Prepared, presented and assisted the Tribal governing body of 11 elected officials, 7 commissions and various committees with their annual budget of $35 million.
  • Arranged Bank Financing for several projects totaling $6 million resulting in more jobs and a community center.

• CFO

  Innovac Technologies, Inc.

  (Privately Held; 11-50 employees; Machinery industry)

  June 1993 — February 1995 (1 year 9 months)

  (Manufacturer of fish pumps sold domestically and internationally to commercial fisherman. Manufacturer of environmental clean-up equipment sold domestically to environmental clean-up companies. Approximate annual revenue $5 million.)
  
  Responsible for migrating the corporate office from Canada to the USA and closing the Canadian office and the UK office. Developed and refined financial reporting in accordance with US GAAP. Worked closely with US Bank in managing the credit line and remain in compliance with all covenants. Migrated to Impact Manufacturing accounting system. Developed and gained control over inventory by implementing cycle counts and frequent physical inventories until the system was satisfactory. Heavy liason and interface with vendors as we had cash flow deficiencies. Managed payroll. Developed zero-based budgeting for first time and involved all levels of management in the process.

• VP Corporate Controller

  Unisource Corporation

  (Public Company; 1001-5000 employees; alc; Wholesale industry)

  February 1986 — May 1993 (7 years 4 months)

  ($800 million operating division of publicly traded international, multi location, wholesale paper distributor)
  
  • Managed 25 employees in accounting, accounts payable, accounts receivable, payroll and leasing departments with improved morale, productivity and staff awareness of the role each member played in the organization.
  • Developed and improved cash management system of $800 million and several states to increase cash flow and improve transfer of funds to corporate.
  • Incorporated US accounting policies and procedures into Canadian acquisition resulting in consistent financial reporting.
  • Initiated cost savings programs in accounts payable and telecommunications resulting in savings in excess of $500 thousand per year.

• Accounting Manager

  Rusty Pelican Restaurants

  (Public Company; 501-1000 employees; Restaurants industry)

  April 1984 — February 1986 (1 year 11 months)

  ($65 million, publicly traded 18 location upscale restaurant chain.)
  
  • Acted as a key member for the organization in the successful issuance of it’s second public offering of $5 million.
  • Prepared SEC 10k and 10Q filings.

• Senior Auditor

  KPGM, CPAs

  (Partnership; 10,001 or more employees; Accounting industry)

  January 1981 — July 1983 (2 years 7 months)

  I began my experience with KPMG at the Calgary Thorne Riddell office then later moved to the Main Hurdman office in Newport Beach. These companies later merged and became KPMG. While with KPMG, I performed audits of oil and gas companies, school districts, retailers, shipping companies, public and private. Managed and supervised audits and performed the detailed audit work required.