August 27, 2019 8:00am – 4:30pm Map & Directions 602-431-0001

Corporate Finance & Construction Conference

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Description

Stronger Together

The Corporate Finance and Construction Industry Conferences have joined forces to bring you the new Corporate Finance and Construction Conference. 

The conference will include general sessions of interest to all and concurrent session tracks for corporate finance and construction industry. Meet more people and mix-and-match your conference selections to create your ideal day.

Register online or by phone at (602) 252-4144.

Location

Desert Willow Conference Center
4340 E Cotton Center Blvd Ste 100
Phoenix, AZ 85040-8852

Registration Time

7:30am

Fees

Member

$299

Non-CPA Staff

$399

Non-CPA Staff (100% club)

$299

Non-CPA Staff (sole proprietor)

$299

Non-Member

$399

Phoenix
Management
8

Agenda

7:30 – 8:00 On-Site Registration and Continental Breakfast

8:00 – 8:05 Welcome & Announcements — Dan Siburg and David James, Committee Chairs

8:05 – 9:20 Good Times or Bad Times? What Will Our Future Look Like?
Scott Smith, Valley Metro
We'll take a look backward and forward, exploring the reasons for our economic growth. Hear about the challenges and opportunities for continued growth in the future with an emphasis on transportation investment.

9:20 – 10:10 Concurrent Sessions 1

Revenue Recognition: Transitioning From Theory to Reality
Dave Miller, Jokake Construction Services, Inc.  
Anthony Hakes, CBIZ MHM, LLC
Most construction financial managers have been exposed repeatedly to new revenue recognition standards as they look at applicability to their company or client operations. This session will take the theory and move the discussion into a real-world implementation by a local general contractor.

Revenue Recognition & Lease Accounting: Takeaways From the Trenches
Joel Ryerson, Deloitte
The most dramatic changes in revenue recognition and lease accounting in recent memory are still reverberating for senior finance leaders. In this session, Ryerson covers key takeaways from ASC 606 and ASC 842 as informed by the experience of companies that have already made the journey.

10:10 – 10:30 Networking Break

10:30 – 11:20 Concurrent Sessions 2

Benchmarking Panel: How Does Your Company REALLY Look?
Jim Bracy, Willis Towers Watson
Chris Schick, Travelers Bond & Specialty Insurance
Kirk Welch, Lovitt & Touche, A Marsh & McLennan Insurance Agency, LLC
Kevin Herbst, BOK Financial Corporation
Kyle McMillian, UMB Bank
The contractor’s banker and surety are critical partners in driving a successful construction company. But, despite our best efforts to look financially solid, we often have no idea how these partners are judging us. This benchmarking session will bring bankers and sureties together to help us understand their benchmarking tools and how they analyze the financial elements of their construction clients. They will also explore the differences in how they look at general contractors, sub-specialty contractors and heavy civil contractors.

Fraud: Following the Money
Suzanne Allen, Federal Bureau of Investigation
This session will provide an overview of the types of complex financial crimes investigated by the FBI. Allen will take the audience through a brief case study of how a recent fraud was investigated and the resulting outcome.

11:20 – 11:25 Stretch Break 

11:25 – 12:15 Concurrent Sessions 3

Construction Financial Managers: Bringing Value to the Company
Jared Asay, Conover Asay CPAs, PLLC
Marj Weber, Irontree Construction, Inc.
Christine Kettelkamp, Jenco, Inc.
Cindy Lee, Haydon Building Corporation
This session will explore the role of the construction financial manager in project procurement, management and close-out; and the communication required among project participants. It will focus on the activities critical to a successful project and identify where they can bring their knowledge and expertise to company operations – improving the bottom line.

Captive Insurance: Opportunity, Stability, Control
Ryan Passey, Lovitt & Touche, A Marsh & McLennan Insurance Agency, LLC
Insurance, like taxes, is often viewed as one of those “necessary evils” for conducting business. But a captive insurance program may be an attractive risk management alternative for controlling a business’s destiny. This session will provide an overview of the captive concept, as well as the basic goals and long-term benefits of this alternative risk financing solution.

12:15 – 1:15 Lunch

1:15 – 2:05 Concurrent Sessions 4

Panel: Construction and Arizona Sales Tax
Tom Johnson, Natalia Garrett, Arizona Department of Revenue
Bryan Eto, BeachFleischman PC
The construction industry was directly impacted by the legislative changes in 2015. These changes included how materials were taxed, how prime contractors should report and changed the way subcontractors work with prime contractors. This panel will discuss how those changes still create challenges today and discuss the best practices for contractors to adopt as a means to stay in compliance with the Department of Revenue.

Will Artificial Intelligence Take My Job?
Jeff Cox, RadiusAI, Inc
How does AI differ from automation? Where is AI being used today, and where can we expect to see AI in the future? Embracing AI will help CPAs be more productive and do their jobs better.

2:05 – 2:10 Stretch Break

2:10 – 3:00 How to Attract & Retain Great Employees
Camille French, AmeriSource HR Consulting Group
Attracting great talent has become more difficult in our world of technology. Learn what companies are doing to set them apart, the methods to find talent and more importantly what they are doing to keep great employees.
  
3:00 – 3:15 Networking Break
 
3:15 – 4:30 The Role of Culture in an Effective Organization
Aaron Peterson, City of Tempe
An effective organization consists of three components: culture, strategy and operations. This session will explore how culture serves as the glue to achieving the results organizations want from their strategy and operations. We will discuss what culture is made of, how to measure or evaluate the current culture and what to do to improve that culture.

Sponsors

Thank You to Our Sponsors

Platinum Sponsor
Enterprise Bank & Trust  

 

Gold Sponsor

Lovitt & Touché, A Marsh & McLennan Insurance Agency LLC

Designed For

This conference is designed to serve the needs of financial professionals in the corporate finance and construction industry. 
• Corporate CFOs and Controllers
• Construction company CFOs and Controllers
• Accounting firms who support construction companies

Event Leaders

Peterson, Aaron

Rating: 4.80


Mr. Peterson is an internationally recognized speaker and trainer with over 28 years of experience in local government, serving in a variety of roles during that time. He has worked in finance as part of the Tax and License office, managed the training program for the police department, and currently serves as an internal trainer and consultant for a local municipality. He has also supervised volunteer, part-time and full-time staff in various roles.

He has developed a variety of programs including: Followership/Leadership, Customer Service, Coaching, Conflict and Negotiation as well as others as part of the Leadership Development Program at the City of Tempe. He is also certified and teaches other programs including: 7 Habits for Managers, Crucial Conversations, Crucial Accountability, Real Colors Temperaments, Great Leaders - Great Teams - Great Results, The 4 Disciplines of Execution, Inclusion – Connecting with Others, and Conflict Management and Performance Management.

In addition, he facilitates for the Certified Public Manager (CPM) and the Certified Municipal Clerk programs through Arizona State University. He has also taught leadership programs in Guam and Kenya, Africa as part of the CPM program, and the Young African Leaders Initiative respectively.
He completed Conflict Mediation training through Interaction Management Associates, is a member of the American Society for Training and Development, the International Society for Performance Improvement, and the Alliance for Innovation.

Mr. Peterson holds a bachelor’s degree from Arizona State University in Psychology, a Master’s in Business Administration from Western International University, and is a Certified Public Manager through Arizona State University.


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Ryerson, Joel Michael

Rating: 0.00


As an audit manager at Deloitte, Joel Ryerson is responsible for ensuring that his team performs an effective and thorough audit, which includes bringing valuable insights and improvement ideas to the client. He also provides advisory services related to the implementation of the new revenue recognition and lease accounting standards. Ryerson is a graduate of the University of Iowa with a bachelor’s and a master’s degrees in accounting, and is a CPA in Arizona.


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Johnson, Thomas

Rating: 4.54


Tom Johnson is the assistant director for education and compliance at the Arizona Department of Revenue. He has been with the department since February of 2012. Prior to joining ADOR, Tom worked for the city of Peoria for 14 months where he was the tax audit supervisor in charge of collections, audit, and return processing. Tom also worked for the city of Phoenix for nearly 23 years and retired in December 2010. At Phoenix, Tom was the tax administrator and also worked as the city controller. Tom is a graduate of ASU and has been in Arizona for almost 40 years.


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Miller, Dave

Rating: 4.10


Dave Miller is the CFO, treasurer and a board member for Jokake Construction Services, Inc., where he has worked since 2001. Jokake is a 100% employee owned full service general contractor located in Phoenix, AZ, and was recently named ENR SW Contractor of the Year. Miller has over 30 years of experience as a financial professional in the construction industry. He has been an active member of the Construction Financial Management Association since 2005 and has served as president, vice president, and a board member for the Valley of the Sun Chapter. Miller is a member of the CFMA Executive Committee, Finance Committee, and is Chair of the Webinar Task Force. In addition to being a Certified Construction Industry Financial Professional, he holds credentials as a Certified Treasury Professional and Construction Risk Insurance Specialist.


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Herbst, Kevin

Rating: 0.00


Kevin Herbst has worked nearly 25 years in a variety of areas in the banking industry, the last 17 in commercial banking focusing on construction, contracting, and non-profits. A Milwaukee, WI native, he has lived in the Phoenix area since 1997. He has spent the past two and a half years with the commercial banking group at Arizona Business Bank, now part of BOK Financial, and currently leads a team of commercial bankers.

Herbst has appeared on numerous panels related to contractor and construction lending and has participated in a working group focused on passing public/private/partnership (P3) enabling legislation in Arizona. He leads a CEO panel composed of ten Phoenix area subcontractors and has authored multiple updates to the Contractors' Practice Manual published by a local Phoenix law firm specializing in construction and contractors. He acts as secretary of Tempe South Rotary, is a member of the Construction Financial Management Association (CFMA) and has been active in the Risk Management Association (RMA) on a local and national level for 20 years.


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Smith, Scott W.

Rating: 0.00


Scott Smith, Valley Metro CEO

Scott Smith is the CEO of Valley Metro and is responsible for the operation, design and construction of an expanding regional transit network in metro Phoenix, Arizona. The Valley Metro system is a partnership of 16 cities, towns and Maricopa County, offering bus, light rail, paratransit and vanpool services to more than 73 million riders annually.

Smith’s leadership is a continuation of his public service as the former Mayor of Mesa and president of the U.S. Conference of Mayors. He is the only Arizona mayor to have served in this position. As Mayor, he strategically guided the 38th largest city in the U.S. to economic rebound between 2008 and 2014. He also has a wealth of experience in the private sector as a certified public accountant, lawyer and CEO of a regional homebuilding and development company. In 2015, Smith served as a Resident Fellow in the Institute of Politics at Harvard University’s Kennedy School of Government.

Smith’s passion for public transportation stems from his belief that transportation infrastructure is critically important to the regional, state and national economy, and is essential to improving the quality of life for those who need and choose transit as their mobility option. His strong customer service approach keeps the organization focused on serving the interests of several customer groups, including riders, voters, the business community and city leadership.


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Lee, Cynthia A.

Rating: 0.00


Ms. Lee has worked in the financial area of the construction industry since 1995. She is currently serving as the chief financial officer (CFO) of Haydon Building Corp, where she has been since 2003. Prior to that, she served as the CFO of Pulice Construction, and the controller of Schuff Steel in Phoenix, AZ.

After graduating in 1985 from Claremont McKenna College with a degree in Economics/Accounting, Ms. Lee started her accounting career on the audit staff of Price Waterhouse in Phoenix. She continued to work in public accounting, achieving the rank of audit manager with Virchow, Krause & Co. In 1994, Ms. Lee left public accounting to accept the position of CFO and Treasurer of a client, H.E.R.C., Inc., who was involved in making an Initial Public Offering (IPO).

Ms. Lee is a proud member of the Valley of the Sun chapter of the Construction Financial Management Association (CFMA), having served as the chapter president.


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Schick, Chris

Rating: 0.00


Phoenix Managing Director Chris Schick oversees the Travelers’ Construction Surety book of business in the Southwest Region. He has been an industry professional since 2007, has handled accounts with work programs from $5 million to upwards of $5 billion and holds an AFSB designation. Prior to joining the surety industry, he graduated with a bachelor’s in economics from California State University-Northridge.


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Welch, Kirk

Rating: 0.00


With nearly two decades of experience in surety, underwriting and marketing, Kirk Welch serves as the bonds Director for Lovitt & Touché, A Marsh & McLennan Agency LLC Company. He specializes in construction, commercial and international surety products for small, middle market, large regional, national and international companies.

Kirk brings extensive experience in contract, commercial, international and international reverse flow surety, from startup companies to the largest clients in the industry. A skilled relationship builder, he partners with clients and carriers to implement strategies and solutions to fulfill clients’ surety bond and business needs.

Prior to joining Lovitt & Touché in 2019, Kirk spent eight years at CNA Surety, most recently serving as the Phoenix Branch Manager. Kirk also worked on CNA Surety’s International team, providing bonding and reinsurance solutions in Canada, Mexico, Central America and South America, and working on multi-billion-dollar surety programs with large, multi-national clients performing work in the United States. He also served as a Home Office Underwriter for the company in Chicago, supporting multiple offices throughout the continental Unites States.

Kirk gained additional surety experience working as a Senior Surety Underwriter for SAFECO Surety/Liberty Mutual Surety, handling Chicago, the state of Michigan and other territories.
Committed to advancing the industry, Kirk serves as vice president of the Surety Association of Arizona. Kirk also served as a former President of Red Hot Toastmasters Club #9692 of Toastmasters International in Chicago, IL.

Kirk earned a Bachelor of Arts in economics from the University of Illinois Urbana-Champaign. He enjoys playing and watching sports, especially the Chicago Bears and the Chicago Cubs.


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McMillian, Kyle

Rating: 0.00


McMillian has been with UMB Bank since 2006 and in commercial lending in Arizona since 2008, providing working capital lines of credit, equipment finance and real estate financing solutions to a variety of industries. He is the current president of the Scottsdale Active 20/30 Club, a philanthropic and social club that raises money for children’s charities in Arizona. In addition, McMillian is a member of the Scholarship Foundation for the Arizona Petroleum Marketers Association and past board treasurer for Teen Lifeline. He is an avid fan of the Kansas City Royals and Kansas City Chiefs and loves traveling and spending time with his wife, Cari, and two young children, Avery and Frank. McMillian is a graduate of Benedictine College (Atchison, KS) and obtained his MBA from Park University (Parkville, MO).


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Garrett, Natalia

Rating: 0.00


Natalia Garrett is a graduate of the University of Arizona College of Law. When starting out as a commercial litigator following the Court of Appeals clerkship, she developed appreciation of the role tax plays in business transactions, deciding to delve deeper into accounting. Ms. Garrett completed her Master of Taxation degree at the W.P. Carey School of Business in 2014, and passed CPA exams, taking a particular interest in the subject of audit. She served as an Assistant Attorney General representing the Arizona Department of Financial Institutions from 2010 until 2015. Since 2015, Ms. Garrett assisted the Arizona Department of Revenue with a variety of legal issues, specializing in the areas of transaction privilege and corporate income taxation.


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French, Camille

Rating: 0.00


Camille is a senior level strategic human resources professional with many years of experience in multi-state, multi-industry environments. She is an active member of the Society for Human Resource Management (SHRM) and holds a senior level professional certification in Human Resources (SPHR), SHRM-SCP as well as a master’s degree in Business Administration (MBA). Spanning nearly two decades, her career has been devoted to partnering with professionals and business owners of small to medium sized organizations. She has achieved success in helping them understand how crucial human resources is to the organization's competitive position and overall strategic initiative. With her wealth of experience, knowledge, and locally recognized expertise, Camille founded AmeriSource HR Consulting Group.

AmeriSource HR was founded to support two of her passions: one, to partner with growing companies who strive to build a strong employee culture. Companies that have a desire to maintain compliance while staying up-to-date on the HR trends and technology solutions of today, and two, to provide a platform for other passionate, educated HR professionals to get out of the day-to-day mundane role in one organization and flourish in providing an HR partnership with many organizations. Due to Camille’s leadership and business mind, AmeriSource has begun expansion of additional offices in other states.

In addition to her professional success, she is very involved in the community and proud to serve as a board director for Big Brothers Big Sisters of Arizona as well as the Executive Association of Greater Phoenix.


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Cox, Jeff

Rating: 0.00


Jeff Cox was born in Milwaukee, Wisconsin and grew up in Scottsdale, Arizona. He pursued a business degree from Arizona State University and in 1995 started his career in the computer industry writing asset/liability software for banks. He later founded Primary Key Consulting in 2004, and worked on projects for major companies such as American Express, Wells Fargo, PayPal, and Apple. In June 2017, Jeff founded RadiusAI. RadiusAI operates with the mission to help brick & mortar stores improve their profitability by utilizing revolutionary visual AI technology to generate more foot traffic and provide a customized, frictionless, shopping experience for customers, without having to collect personally identifiable information.

Jeff is a father with two amazing daughters, coaches softball, volunteers for fundraisers, and lives an active healthy lifestyle.


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Passey, Ryan

Rating: 0.00


Ryan Passey brings more than a decade of experience in insurance to his role as a Vice President with Lovitt & Touché. He grew up in the insurance business, holding his Construction Risk & Insurance Specialist (CRIS) and Commercial Lines Coverage Specialist (CLCS) designations.

Ryan studied economics at the University of Arizona. He gives back to the community by volunteering with numerous local charities, including Executive Council 70, Child Crisis Center and Save the Family.

A fourth generation Arizona native, Ryan is married and has two young children. In his spare time, he coaches little league, does Crossfit daily and enjoys the outdoors.


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Bracy, James A.

Rating: 0.00


Jim Bracy, CPA, CCIFP, is a seasoned Construction and Surety professional who is responsible for managing and placing Surety Bonds for the Southwest Region of Willis Towers Watson and serving as a Surety Practice National Resource. He has broad experience across the construction risk management continuum, but his most extensive area of expertise is in finance and surety bonding. Bracy’s experience and understanding of the financial and operational side of the construction business has made him especially effective in structuring, negotiating, implementing, and managing any construction-related issues that might arise on a national and global level. Jim is a graduate from the Eller College of Management at The University of Arizona, a Certified Public Accountant (C.P.A.), a Certified Construction Industry Financial Professional (CCIFP), and a Licensed Arizona Insurance Agent. He is a Past President, board member and active member of CFMA as well as AGC, ABA and SAA.


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Allen, Suzanne E.

Rating: 0.00


Suzanne Allen joined the FBI in 2012 as a Special Agent. She investigates securities and investment fraud on a complex financial crime squad in the Phoenix Field Office. One of her cases was featured on American Greed. Prior to joining the Bureau, she worked for the State of Arizona in the General Accounting Office.


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Asay, Jared A.

Rating: 4.50


Jared Asay, CPA, CCIFP, is a financial partner and founder of Conover Asay CPAs, PLLC, a construction focused CPA firm in Phoenix, Arizona. Asay's passion for construction began in his early years as a professional framer for a custom home builder in Indiana. His transition in to consulting construction clients as a CPA was a natural one. Those experiences, including professional relationships he has built with bond agents, surety managers, and bankers have equipped him with valuable and extensive knowledge of the best practices to solve the challenges contractors face every day. An active member of CFMA's Valley of the Sun Chapter since 2007, Jared currently serves as the co-chair of the Executive of the Year committee.


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Kettelkamp, Christine E.

Rating: 0.00


Christine Kettelkamp has worked in the construction industry since she moved to the valley in 1983. She worked full time and went to night school for 15 years before graduating from ASU with her bachelor’s degree in accountancy. She started with Jenco Inc in 2010 as Controller and was promoted to CFO in 2016. She specializes in process improvement and focuses her efforts on keeping Jenco’s accounting processes lean. Christine has been on the board of Valley of the Sun Chapter of CFMA since 2015 and is currently serving as Treasurer.


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Eto, Bryan S.

Rating: 0.00


Bryan S. Eto CPA, CCIFP, CFE, CGMA is an Accounting & Assurance Shareholder and Construction Industry Practice leader for BeachFleischman PC. Mr. Eto has a diverse background and experience with financial statements, forecasts and projections, forensic accounting, and litigation support. He has been in public accounting since 1995.


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Hakes, Anthony M.

Rating: 4.35


Managing Director Anthony Hakes is a shareholder in the Phoenix office and leads the firm’s Architecture/Engineering/Construction (AEC) Industry Practice Group. He also serves as the Attest Practice Leader for the Phoenix office. Hakes has served a variety of clients including general contractors, heavy/civil contractors, engineering firms, landscape architectural/land planning firms, home builders, and real estate developers. He has provided consultation to clients on various accounting and reporting issues including revenue recognition, leasing, joint ventures, variable interest entities, indirect cost allocation and evaluation of change orders and claims. He has also attained the designation as a Certified Construction Industry Financial Professional (CCIFP).

Hakes is a member of the Construction Financial Management Association (Valley of the Sun Chapter) and serves on the CFMA’s Emerging Issues Committee. He is also active with the Associated General Contractors of America (Arizona Chapter) and serves as a member of the Executive Committee as vice treasurer, is on the board of directors and is past chair of the Affiliates Committee. Other industry associations Hakes is involved in include the Arizona Builders Alliance (merger of the ABC and Building Chapter of the AGC), of which he is a graduate of the 2016 Leadership Development Forum, and the American Subcontractors Association of Arizona.

Hakes is a Certified Public Accountant licensed in the states of Arizona, New Mexico and Iowa, a Chartered Global Management Accountant, and a member the American Institute of Certified Public Accountants and Arizona Society of CPA’s.

Hakes is a graduate of Iowa State University with a Bachelor of Business Administration Degree in Accounting.


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Weber, Marjorie

Rating: 0.00


Marj Weber, CCIFP, is CFO and treasurer of Irontree Construction, a plumbing subcontractor in Mesa, Arizona. During her more than 35 years at Irontree, she has been responsible for management of all accounting, banking and credit, risk management, and human resources departments.

Marj has been an active member of CFMA’s Valley of the Sun Chapter since 1994 and has served as past chapter president. Her national involvement includes Education, Conference Planning, Sub-Specialty Task Force, Finance & Budget, Strategic Planning, Succession Planning, and Executive Committees. She frequently presents on issues relevant to the industry. As chairman of ICCIFP in 2009-10, she spearheaded the Strategic Planning process, served as vice chair of the Examination Development Committee, and formed a task force to investigate the accreditation process for the CCIFP designation. In recognition of her contributions to CFMA, both locally and nationally, Marj received the Joe Quigley Memorial Award in 2004 and the Debra Hahn Memorial Award in 2015.


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Notes

Conference Planning Committee:

Jared A. Asay

Kenneth. Askelson

Patricia L. Bambridge

Michael C. Calisi

Sean Clark

Ross M. Grainger

David L. James

David W. Jensen

Lisa G. Johnston

Christine E. Kettelkamp

Dianna L. Kimling

Tanya L. Luken

Vanessa R. Makridis

Thomas A. Maricle

Jason M. Mayer

Laura Robichaud

Daniel R, Siburg

James B. Vandeventer



 

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