Dennis Bailey

Principal

Richmond, VA

Professional Overview

Experienced and educated financial professional with a diverse background in accounting, Finance, leading people, project management, and process improvement.

Work Experience

The Enginuity Group

Vice President and Principal

Licensed Business Intermediary with The Enginuity Group, Virginia Territory. Provides complete array or sale side and buy side services in addition to various M&A related consulting services. Manages the process of packaging and selling companies as well as the reverse with buyers seeking to acquire companies meeting certain criteria.

Administrator

First Presbyterian Church Norfolk

June 4, 2018 to August 2019

 

Operational and financial leadership of 2,000-member church, including management of 80,000 square foot facility, $3.5 million annual combined budget and 80 employees.  Responsible for leading the following operational areas:  finance, accounting, payroll, human resources, information technology, security, audio-visual technology and services, hospitality and guest services, catering services, donor development, buildings and grounds, risk management, 175-student preschool, and event management.

 

 

Chief Financial Officer

Louise W. Eggleston Center, Inc. (“Eggleston”)

February 29, 2016 to June 1, 2018

 

Executive financial leadership for $25 million non-profit serving over 500 individuals with intellectual disabilities throughout Southeastern Virginia.  Critical navigation of the capital allocation process, fortressing of the balance sheet, prescient analysis of financial risk and profitability of operations.  Utilizing a “90% look-forward” approach, led organization to financial strength, high liquidity, tighter regulatory compliance and buy-in from divisional leaders.  

 

 

Founding Partner 

Colonial CPA Group PLC /Bailey & Finch, PLC

February 4, 2005 to January 4, 2016

 

Charter member of Certified Public Accounting practice with market concentrations in audit, tax, business advisory services and financial consulting.  Grew practice to over 600 corporate, partnership and individual clients culminating in a planned and profitable strategic sale.

 

 

 

Division Controller / Corporate Director of Pricing & Procurement 

Maryland & Virginia Milk Producers Cooperative Association, Inc.

November 1, 2001 to March 31, 2005

 

Provide direction in all financial matters of the $98 million (sales) Marva Maid Division of the Corporation, including monthly and year-end financial statement preparation with accompanying supporting schedules.  Supervision and training of 25 accounting, finance and information technology personnel in matters of general ledger transactions, internal controls, financial records, cost accounting and fiscal budgeting.  Preparation of corporate federal, state and local income tax return schedules and coordination of related filings with KPMG, LLP.   Corporate leadership in preparation and submission of all government bids, market pricing strategies and new business proposals.

 

Director of Internal Audit / Audit Senior 

The Christian Broadcasting Network, Inc. (“CBN”)

December 1998 to October 31, 2001 

 

Primarily responsible for the independent appraisal of all financial and operational activities of CBN with combined annual revenues of approximately $140 million.  Developed, implemented and maintained a comprehensive, risk-based audit program on an organizational wide basis.  Prepared and presented appropriate quarterly reports to the Audit Committee of CBN’s Board of Directors as well as maintained indirect reporting relationships with the CFO and COO.  Supervised and directed internal audit personnel, including assignment, review and delivery of all CBN internal audit reports.  Continuous appraisal of financial reporting accuracy, internal control environment, corporate governance and directives and overall compliance with applicable laws and regulations.  Managed international audits of significant CBN operations in China, India, Indonesia, Malawi, Nigeria, Thailand, Ukraine, Zambia, and Zimbabwe.  Reinforced accountability and stewardship of donor-entrusted funds.

 

Audit and Tax Manager 

Strickland and Jones, P.C.*, Norfolk VA

December 1995 to November 1998

 

Founded CPA practice and strategically negotiated merger with an established regional firm to enhance scope and profitability of client service.  Responsibility for practice development and overall management of the audit and financial reporting division of the firm’s client base.  Supervised and directed staff of approximately twelve accountants, providing internal quality control reviews relative to Generally Accepted Accounting Principles as well as Generally Accepted Auditing Standards.  Expanded management consulting and other practice disciplines through relationship management with principals of mid-sized, closely-held businesses.

 

*  Via merger with Ocheltree, Matthews and Bailey, PLC. in November 1997.

 

 

Accountant 

The Christian Broadcasting Network, Inc. (“CBN”)

April 1994 to November 1995

 

Facilitated timely and accurate general ledger closing process.  Prepared comprehensive monthly financial package and year-end financial statements, including consolidation of subsidiaries and controlled affiliates.  Prepared year-end audit schedules for independent auditors.  Assisted in the development and administration of the corporate fiscal budget, including analytical procedures and the monthly variance analysis.

 

 

Senior Auditor / Staff Accountant 

Goodman & Company, CPAs

July 1989 to April 1994 

Coordinated all phases of various audit and tax engagements for clients in various industries.  Experience included leadership on the audits of the Town of Smithfield and Isle of Wight County, as well as the York County and the City of Newport News school systems.  Extensive audit and tax preparation experience, including assigning and reviewing the work of other accountants, was obtained within the following sectors: manufacturing, construction, retail, automobile dealerships, financial services and real estate concerns.

Education

Liberty University, Lynchburg VA

Bachelor of Science Degree, May 1989

Major – Accounting 

Licenses & Certifications

Commonwealth of Virginia CPA License #0305016410

CPA Certificate #016410

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