Scott Hengel

Experience

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  Arcadia Financial

  Jan 1995 - Jan 2000

  Director Finance | Valuation Analysis and Budgeting
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  GMAC RFC

  Jul 2000 - Mar 2010

  Division CFO, Senior Financial Officer

  GMAC-RFC was the mortgage finance subsidiary of GMAC. BCG had five business units including U.S. residential real estate lending, healthcare company financing, and timeshare development financing. Total assets reached $7.8B with ~200 customer relationships and 500 project loans. BCG had 150 employees and generated up to 25% of ResCap’s net income, exceeding expectation with a growth of 20% per year.As a Division CFO and Senior Financial officer, planned, managed and provided business operations, IT projects and all financial operations leadership for the group, including general ledger accounting and maintenance, financial reporting, financial analysis, SOX and controls, reporting, budgeting and forecasting. Managed a Finance Department of 10+ professionals. • Successfully sold two complete business units for profit as well as a homebuilder equity investment • Performed all budgeting and quarterly forecasting for the segment• Directed department responsible for all operational accounting and for preparing timely, accurate financial statements to ensure compliance with Generally Accepted Accounting Principles• Generated all data for SEC filings and regulatory requirements related to the BCG • Led treasury functions including cash management activities, reporting and banking relationships Show less

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  UnitedHealthcare

  Jun 2011 - Feb 2013

  VP Finance (hi HealthInnovations) | Healthcare Start Up

  The hi HealthInnovations business unit within UHG provides quality hearing aids to consumers in the U.S. and includes a national call center with order fulfillment. Reported to the Business Line CEO.Recruited as Finance Lead on project team involved in all planning and startup operations for hi HealthInnovations business launch in October 2011. Successfully implemented an Ecommerce solution, contracted all supplier relationships and set up all accounting, planning and treasury operations for this new line of business. LED FINANCIAL DEVELOPMENT OF INFRASTRUCTURE FOR START UP INITIATIVE• Developed all accounting policies and processes used to launch startup business.• Negotiated contracts on business unit activities including vendor and supplier contracts.• Set up all purchase order and inventory management processes.• Led the development of the fulfillment process for shipping hearing aids to consumers.• Implemented all treasury systems including lockbox and credit card processing.• Provided financial modeling for business development and projection analyses.• Co-developed FDA Quality Manual as a re-labeler and manufacturer. Show less

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  Homeownership Preservation Foundation

  Mar 2013 - Jul 2017

  Controller and Treasurer, Financial Planning and Analysis

  Homeownership Preservation Foundation is a non-profit with the mission of assisting Americans in gaining financial strength, preventing foreclosure and sustaining homeownership. HPF has served over 9 million customers across the United States since 2006.Reported to the CEO, led all finance functions including financial planning and analysis, accounting, controls, annual operating plan, treasury, audit and tax. Administered Federal Grant awards. Created and reinforced accounting policies and processes. Advised on business operations. KEY STRATEGIC FINANCIAL LEADERSHIP ACCOMPLISHMENTS• Led financial analysis and collaborated on the due diligence of merger of organization for growth in a larger and more sustainable organization.• Managed the HPF insurance function and increased coverage due to growth of risk in the business.• Successfully completed contracts driving revenue and funding for the business• Developed and completed all budgeting and forecasting for the organization• Served as member of the business development team; provided financial modeling for business• Provided, reported and presented monthly and quarterly results to the Board of Directors and Committees for use in decision making• Secured new 401k provider resulting in significant company and employee savings, 401k trustee Show less

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  Guns.com

  Jul 2018 - Oct 2021

  Chief Financial Officer and Chief Operating Officer

  E-commerce startup selling firearms and related products exclusively online through distribution, a dealer network and Guns.com inventory. Launched live platform in October 2018, currently have approximately 40 employees. • Manage all warehouse and inventory functions • In charge of company facilities• Create financial processes, policies and developed an ATF compliance program • Implemented a startup 401k plan for the company, April 2019• Setup month-end close process and developed financial reporting in retail, e-commerce platform• Manage quarterly inventory audits• Procure and implement sales tax software solution for collection of taxes in all states• Ensure the business is adequately insured• Manage the Human Resource function Show less

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  Self-employed

  Oct 2021 - Oct 2021

  Chief Financial Officer
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  Rudolph Community and Care

  Aug 2023 - now

  VP of Finance and Operations