Ms. Lohfeld serves as the Chief Financial Officer (CFO) at Sev1Tech.
As the CFO for Sev1Tech, Kristin manages the company’s business operations as well as the finance, contracts, human resources and quality control divisions. She is responsible for managing the company’s finances, including financial planning, management of financial risks, recordkeeping, and financial reporting. She prepares all monthly, quarterly, and annual accounting, tax, and labor-related corporate filings, reports, and board minutes and administers the annual financial, 401(k), and workers compensation audits. Her focus is on sustaining and helping to grow the company while effectively managing financial risk. Through leadership and ingenuity, Kristin has helped the company become an established large business, and she continues to ensure success with the oversight of daily business operations.
Under Ms. Lohfeld’ s leadership, the company migrated from a small business accounting software program to a more robust accounting/ERP software solution, Unanet Financials ERP. Unanet was selected to meet the demands required for future growth as a large business. Kristin leverages processes and controls surrounding the company’s open books management program metrics to deliver solid cash flow management—her team delivers an average day in accounts receivable (A/R) metric of <30 days with very low balances in aged collections. Her effective financial management contributions have led to Sev1Tech being a debt-free, $40 million business, with a 0.35 debt-to-equity ratio, 0.36 debt-to-asset ratio, 32% return on assets, and strong, consistent operating margins. Because of her tight controls and processes, she has successfully led Sev1Tech through routine corporate audits with no findings over the last 8 years.
In her role as Human Resource leader, Kristin led the implementation of the new HRIS system and worked with vendor developers on pulling employee demographic and skills data from the HRIS and establishing a data feed into the corporate ERP system. Kristin is an expert on the Unanet Financials ERP system which the Sev1Tech utilizes to effectively manage and report on performance across the program portfolio. She is frequent guest speaker at the Unanet Champions Conferences, sharing her expertise and insights on the effective use of the software with industry users.
Kristin brings over 15 years of industry management and senior leadership to Sev1Tech. Previously, Ms. Lohfeld held various positions in the energy industry, including program management, research and analysis, and utility auditing. While working for the Alliance to Save Energy, she actively managed and facilitated energy outreach initiatives on a U.S. Department of Energy (DOE) contract where government agencies, private sector companies, and non-profit organizations collaborated to improve industrial operations’ efficiencies and to reduce the nation’s energy consumption.
Ms. Lohfeld holds a Bachelor of Arts in international relations from Mount Saint Mary’s University in Emmitsburg, MD. She holds the Professional in Human Resources (PHR) and Society of Human Resource Management-Certified Professional (SHRM-CP) certifications. She is a member of both the National and local Prince William chapters of the Society for Human Resource Management (SHRM).
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