Andrea Eliassen
Assistant Professor, Accounting
Andrea Eliassen, the managing director of A Squared Financial Consulting, LLC, is a results-driven consulting professional, utilizing her financial, accounting, and operational expertise to fulfill the needs of clients. She is an innovative problem solver with over 30 years of experience across a broad scope of industries, including private equity/venture capital, professional services, medical devices, aerospace, for-profit private education, auto finance, construction, real estate, and not-for-profit. Ms. Eliassen has worked for organizations ranging from startup situations to Fortune 500 companies.
Education & Professional Certifications
The Anderson School at UCLA – Master of Business Administration, Finance and Accounting specialization (top 2% of class)
University of Southern California – Bachelor of Science, Finance (Summa Cum Laude graduate)
Experience
Recent projects for A Squared Financial Consulting clients include:
- Serve as the permanent part-time CFO for a high-end auto collision group of companies
- Serve as the permanent part-time CFO for a commercial jet engine materials and parts management company
- Served as the permanent part-time CFO for a semiconductor parts distribution company
- Served as the permanent part-time CFO for two medical device companies (one of which was a startup)
- Served as the accounting and finance consultant for a startup broadband television and production company
- Obtained ~$1M in PPP forgiveness for clients
- Create(d) Excel financial models to aid in decision-making across a broad range of business and operational areas of the business
- Prepared audited financial statements after cleaning up years of improper accounting treatment in all areas of the business, from payroll to depreciation to shareholder transactions
- Restructured accounting systems, chart of accounts, and financial statements in order to provide management with more useful financial information for proactive decision making and improved debt opportunities
- Created procedures for accounting for accounts receivable factoring
- Assessed and restructured the accounting operations of a company’s daily, monthly, and annual processes
- Evaluated the existing banking relationships of organizations and made recommendations for lower fee structure and debt servicing via new banking relationships (saved one company $500k per year in interest)
Prior to starting A Squared Financial Consulting, Ms. Eliassen was the Chief Financial Officer and Vice President of Finance/Accounting for several companies in Southern California, during which time she led them through various stages of their life cycles, from startup to double-digit growth to more challenging recessive periods. Her areas of expertise:
- Increasing profitability through business process improvement
- Developing financial reporting systems to enhance management’s knowledge base
- High-level Excel financial model building
- Budgeting and forecasting, including variance analysis
- Operational finance
- Key performance indicators (KPIs)
- Strategic planning
- Banking relationships and debt compliance
- Lease negotiations
Professional Organizations & Community Involvement
Ms. Eliassen is a full-time accounting instructor at Long Beach City College and a finance and accounting lecturer at California State University, Long Beach. She also serves as the co-faculty chair of the CSULB Financial Management Association. Andrea is active in her alumni associations, including The Anderson School at UCLA and the University of Southern California. She is also a member of several finance organizations, including the Financial Executives Networking Group (FENG) and the CFO Alliance.