James Fritzemeier, CPA
______________________________________________________________________________
Wichita, KS 67207 |316-258-5936| [email protected] &
https://www.linkedin.com/in/jimfritzemeier
SUMMARY:
CFO/Controller with over 20 years of experience in finance. Improved the performance of
companies by providing and advising management with timely and accurate financial
performance results and statements. Enhanced operations through daily key performance
dashboards. Worked with financial institutions to obtain debt financing and managed operations
to comply with loan covenant requirements. Used Manufacturing Theory of Constraints to
improve inventory turns by 25%, reduce payroll by 50% and increased profit by $200,000.
SKILLS:
Management
o Managed accounting departments varying in size from 5 to 25 individuals
o Supported the growth of the retail franchise from 35 stores in 6 states to 102
stores in 12 states
o Executed systems that accounted and controlled increase of sales from $20
million to $75 million and employees from 1,050 employees to 3,500 employees
o Responsible for all the internal control, accounting, payroll, cash management
and tax reporting processes
o Developed and managed all budgeting, financial forecasting, variance analysis
and performance process models and systems
Operational Control (You get what you inspect not what you expect.)
o Inventory control
Increased inventory turns by 25%
Reduced inactive inventory by 20%
o Payroll control
Reduced overtime costs by 75% per week
Internal Control
o Implemented a tight system of internal control for a vending machine
operation. The savings from implementation were:
Over $30.0 thousand in waste and theft per year
Reduced the daily cash over-short of money collected out of the
machines from $500 per day to $5 per day
Strategic Thinking
o Implemented Manufacturing Theory of Constraints that resulted in
Increase of sales from $1.5 million to $2.0 million
A 50% decrease in operating staff
An increase in profit of $200,000.
o Statically tested performance criteria that eliminated non-factors
o Ability to organized and managed a team of highly skilled individuals that
accomplished the approval of the prospectus of Advisors REIT I, Inc. by the SEC
Financial Analysis
o Business valuation analysis for buying and selling businesses
o Bank financing forecasts and documentation
Page 1 of 2
o Financial merger analysis
o Financial modeling
Financial Consulting
o Consulted on the application of the Sarbanes-Oxley Act for a publicly traded
company
o Business case formulation and presentation
o Raised capital through a Private Placement Memorandum
o Not-for-profit process modeling
SEC Startup
o Obtained SEC approval of Advisors REIT I, Inc.
o Created working partnerships with:
Fidelity Investments, Boston, MA., custodian agent
American Stock Transfer & Trust Company, New York, NY., transfer
agent
Merrill Corporation, Chicago, Ill., EDGAR Printer
Grant Thornton, CPAs
o Provided all the financial and tax projections for the prospectus
o http://sec.gov/Archives/edgar/data/1325445/000104746905027275/a21
65367z424b1.htm
Certified Public Accounting
o Tax Manager with Main Hurdman, CPA now Allen Gibbs & Houlik
WORK EXPERIENCE:
Principal, Kansas CFO Consulting, Wichita, KS
July 2014 - Present
Partner, Legacy Map Design, LLC, Wichita, KS
January 2012 - June 2014
Manager, Dimensions Financial Consultants, Wichita, KS
June 2009 December
2012
Controller, Wichita Center for the Arts, Wichita, KS
July 2008 May2009
Consultant, Strategic Consulting, Wichita, KS
January 2007 June 2008
President, Advisors REIT I, Inc., Wichita, KS
June 2004 December 2006
Consultant, Finance & Tax Consulting, Wichita, KS
February 2001 May
2004
CFO, Vending Auction.com, Wichita, KS, October 1999 January 2001
CFO, Commercial Vending Company, Inc., Wichita, KS, September 1996 September
1999
Consultant, Business Consulting, Wichita, KS,
1996
September 1994-August
VP & Treasurer, Daland Corporation, Wichita, KS, May 1980 August 1994
EDUCATION & TRAINING
BS Business - University of Kansas
MS Marketing - University of Kansas
Masters of Management Information Systems - Friends University
Certified Public Accountant
Page 2 of 2
