Need:
After suddenly losing its CFO, this year-round resort needed a quick replacement that could manage financial operations, finish the year-end audit, support planning for a major capital expansion, hire and train a replacement, and understand the member-oriented aspects of the business. Having worked with Warren Whitney on a previous occasion, the client engaged Scott Warren to become interim CFO.
Service:
Scott was able to step into the CFO role quickly and gain an understanding of the work that needed to be done. He spent three days per week at the client’s location. While serving as interim CFO of the organization, Scott:
- Maintained the accounting and finance operation.
- Introduced a new general ledger system.
- Initiated and oversaw the installation of a data warehouse.
- Hired and trained a new CFO.
In addition to maintaining the daily operations, Scott supported the organization in planning for a major capital expansion project. Scott’s support role in planning included soliciting legal and investment advice regarding plans for a large conservation-easement, supporting a market analysis, and developing a best-use evaluation for support of the conservation easement tax credits.
Result:
During Scott’s tenure with the organization, he maintained daily operations and, moreover, introduced the new general ledger system, data warehouse, and supported the planning of a major capital expansion project. Scott supported the hiring of a new CFO, and trained the new CFO to ensure a smooth transition.
