Scott Bork Bridgepoint Consulting

Bridgepoint Consulting Consultant

Scott R. Bork, CPA

Scott is an executive-level finance professional with progressive experience from assurance and tax work through management, controller and CFO responsibilities. He has worked across a wide range of industries, including oil and gas services, distribution, manufacturing, real estate and construction. Scott is a proven team leader with ability to discover and implement process improvements leading to organizational efficiencies and company profitability.

Scott R. Bork’s Professional Summary

With 20 plus years of experience, Scott has expertise in multiple areas to deliver operational improvement and change management to your organization.

    • Accounting
    • Audit Preparation and Management
    • Financial Reporting and Analysis
    • SOX Compliance
    • GAAP
    • SEC Reporting
    • Financial Modeling

     

  • Consultant Since 2022

    CFO Consultant
    A $275M leading upstream rice ingredients and organic rice manufacturer and marketer in the United States

    • Evaluated the transaction the sale of the company under ASC 805-Business Combinations and provided the client with all applicable journal entries to complete the purchase price allocation and accounting.
    • Prepare the closing balance sheet for the predecessor company and opening balance sheet for the successor company and stub period income statements and statements of cash flows for the predecessor and successor companies
    • Provided stability to the monthly close and financial reporting processes to allow the client to complete 3 months of financial statements that were past due
    • Evaluated the leases of the company under ASC 842- Leases and provided the client with all applicable journal entries at implementation and year-end, and a template for calculation of right of use asset and liability for future leases
    • Created the template for the compliance certificate and financial covenant calculations for the lending institution

     

    Interim Chief Financial Officer
    A $110M provider of electrical infrastructure automation and maintenance services and materials to the oil and gas and commercial and industrial industries

    • Navigated the company thru 80% turnover in corporate accounting staff and two sales tax audits
    • Provided stability to the monthly close and financial reporting processes
    • Managed the evaluation the leases of the company under ASC 842- Leases. Reviewed the calculations of right-of-use assets and liabilities, journal entries provided to management and corresponding memo provided for the client to the audit firm.

     

    Consultant
    A $80M provider of downhole tools to the land and offshore drilling markets

    • Assisted with financial statement assessment to determine their PCAOB audit readiness by evaluating their current preparation and structure of their financial statements, including all applicable footnotes
    • Assisted with the preparation for their current and prior years financial statements for an audit and made recommendations for future compliance

     

    Consultant
    A $100 million technology company

    • Assisted with their public filings associated with a S-1, assessing internal control risks to identify risks and their impacts on the financial reporting process

     

  • Nailor Industries of Texas, Inc., Houston, TX (2016 – 2022)
    A $100M privately held manufacturer of commercial and industrial HVAC products

    • Chief Financial Officer
      • Led annual financial statement audit and tax compliance efforts, including federal and state income tax returns and sales and property tax for multiple states; oversaw employee benefit plan reporting
      • Managed staff of 13: Human Resources Manager, Corporate Controller and two staff accountants, as well as A/R, A/P and payroll managers and their respective clerks
      • Owned treasury and cash management functions
        • Negotiated $31M in real estate loans for expansion in Houston, Chicago and Las Vegas
        • Negotiated $15M in capital equipment lines
        • Doubled the revolving line of credit from $10M to $20M, and negotiated a three-year extension
      • Prepared monthly financial reporting package for management and lending institutions, including reporting by location and business line, compliance reporting for loan covenants and metric and ratio analyses
      • Owned preparation and presentation of annual and monthly budgets, forecasts and trend analyses
      • Led team responsible for acquisition and integration of Chicago-based company to add product lines
      • Led IT department, hired Director of Software Development and evaluated available MRP/ERP options as part of identification process of best-in-class integrated manufacturing and accounting system; overhauled four home-grown software programs
      • Recouped $750K in overlooked federal and state research and development tax credits; and implemented a program to capture R&D credits of close to $400k annually going forward; performed cost segregation studies on five facilities, resulting in acceleration of $8.7M in depreciation and permanent tax savings of $200K

     

    LBB & Associates, LLP, Houston, TX (2004 – 2005; 2012 – 2016)
    A public accounting firm

    • Founder and Director
      • Developed and maintained business relationships as engagement partner
      • Scheduled, planned and budgeted engagements; supervised engagement staff; reviewed work papers and financial statements, including final approval and sign-off; recognized as engagement partner for PCAOB, peer review and other regulatory bodies
      • Managed client base ($1.2M in billings), consisting of small to medium-sized, privately held and public companies with sales of $10M to $250M across diverse industries, including manufacturing, equipment rental, barter exchange, fuel recycling, distribution, software development, real estate and construction
      • Oversaw firms’ 401(k) audit practice
      • Participated in audit and review of SEC filings, including 10-K, 10-Q, S-1, S-3 and S-8; included audits of client internal controls as part SOX compliance requirements
      • Handled firm’s payroll and human resource functions

     

    Independent CFO/controller, Houston, TX (2011 – 2012)
    Provider of corporate financial services

    • Contract Controller/CFO Assignments
      • Performed various duties for client companies primarily with industrial services and gas compression services companies

     

    Amega West Services, LLC, Houston, TX (2008 – 2011)
    A $50M manufacturer, repairer and renter of legacy and specialized drilling equipment used in offshore and land-based oil and gas extraction applications

    • Vice President-Finance/Controller
      • Fulfilled due diligence requests, resulting in sale of company for ~$54M to SEC registrant
      • Led annual financial statement audit and tax compliance, including federal and state income tax returns, sales and property tax for multiple states and employee benefit plan reporting
      • Hired and managed staff of six including two Accounting Managers, AR, AP, Fixed Asset and Payroll clerks
      • Owned company treasury and cash management functions, including negotiating doubling of revolving line of credit from $7.5M to $15M and negotiating capital expenditure borrowing facilities of $4.5M
      • Prepared monthly financial reporting package for management, private equity owners and lending institutions, including reporting by district, location and business line and compliance reporting for loan covenants as well as metric and ratio analyses; prepared packages used in quarterly board meetings
      • Owned preparation and presentation of annual and monthly budgets, forecasts and trend analyses
      • Initiated system conversion from QuickBooks to integrated manufacturing and accounting system

     

    Multi-Shot LLC dba MS Energy Services, Conroe, TX (2005 – 2007)
    A $100M provider of directional drilling services

    • Chief Financial Officer/Controller
      • Owned cash management functions, including revolving line of credit and capital expenditure borrowing facilities
      • Led annual financial statement audit, 401(k) plan audit and tax compliance, including federal and state income tax and sales tax returns for multiple states, as well as all employee benefit plan reporting
      • Hired and supervised staff of five
      • Prepared monthly financial reporting package for management, members and lending institutions, including compliance reporting for loan covenants and metric and ratio analyses
      • Owned budgeting, forecasting and trend analysis on annual and monthly basis
      • Responded to accounting, legal and insurance due diligence requests for company’s private recapitalization; performed due diligence for acquisition; completed SEC filings in preparation for potential SPAC merger

     

  • Miller Grossbard Advisors, Houston, TX (2003 – 2004)
    An accounting firm

    • Manager

     

    Briggs and Veselka (subsequently aquired by Crowe LLP), Bellaire, TX (2003)
    An accounting firm

    • Audit Manager

     

    Weinstein Spira & Company, Houston, TX (1995 – 2002)
    A CPA and business advisory firm

    • Audit Manager/Senior/Staff

     

    • Certified Public Accountant (State of Texas)

     

  • University of Texas at Austin, Austin, TX

    • Master of Professional Accounting
    • Bachelor of Business Administration

     

    • Sage 300 ERP
    • IFS
    • AccPac
    • Infor Syteline
    • QuickBooks Desktop and Online
    • Sage 100
    • MAS 90
    • Microsoft Dynamics SL
    • E2 Shop System
    • RTMS
    • Microsoft Office
      • Excel
      • Word
      • Power BI
      • PowerPoint