Moellering Named Outsourced CFO at Fast-Growing Local Firm
Tim Moellering of Lakeside Park has joined LGI CFO as an outsourced chief financial officer.
LGI CFO of downtown Cincinnati and northern Kentucky is an outsourced CFO firm serving privately-held and family-owned businesses and nonprofits over the past 25 years.
Moellering, 45, has 20 years of experience owning, managing, serving as CFO and selling small businesses in Greater Cincinnati. He was the CFO of a successful, $20 million, family-run manufacturing and distribution business and negotiated its later sale when approached by a buyer. He has also seen the other end of the business spectrum, acting as a financial analyst for a publicly-held company.
In 2002, Moellering started a business broker firm to help people buy and sell businesses. He has worked with hundreds of business owners in retail, service, distribution and manufacturing. He serves as the executive director of the Ohio Business Brokers Association’s Cincinnati chapter.
“The importance of having clean financial statements showing a positive cash flow and strong margins is never more apparent than when a business owner is trying to sell,” he said. “Poor financial record keeping is the number one reason why businesses do not sell.”
Moellering has experience negotiating and working with banks; landlords; health, property and casualty insurance companies; IT providers; suppliers; customers; CPAs; attorneys; third party logistics providers; retirement plan providers; utility companies; recruiters; and other entities that have an effect on a company’s cash flow.
“I joined LGI CFO because a majority of small business owners need someone they can trust to provide accurate and timely financial information to help them make strategic decisions about the direction of their business,” said Moellering. “Most of these business owners do not need a full time CFO, but instead a trusted advisor who is available when needed. I can provide the financial tools to increase a firm’s cash flow, which also increases the value of a business.”
Moellering is a native Cincinnatian and graduated from St. Xavier High School and Southern Methodist University in Dallas, Texas. He earned his master’s degree in business administration from Xavier University. He and his wife have two sons.
LGI CFO is led by founder and CEO Steve Lumley. The firm was designated an Emerging 30 firm by the Northern Kentucky Chamber of Commerce in 2015, making it one of the fastest-growing firms in the region.
- Staff report/Photo: Tim Moellering (provided)