Louis J. Simon

Helping clients save money and improve efficiency are key goals of all certified public accountants. And 37-year-old Louis J. Simon has taken those tasks to heart since the day he joined Sullivan & Co. CPAs LLP in 1997. More

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A PBN SPECIAL SECTION: 2011 40 UNDER 40

Louis J. Simon

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Posted 8/15/11

Helping clients save money and improve efficiency are key goals of all certified public accountants. And 37-year-old Louis J. Simon has taken those tasks to heart since the day he joined Sullivan & Co. CPAs LLP in 1997.

“I work hand-in-hand with [clients] to make financial and operational decisions that improve their financial health. I schedule and manage all the staffing for numerous clients … coordinating the workflow and serving as a liaison with several clients with billings that total approximately $1 million,” he wrote in his 40 Under Forty application.

Those efforts went a long way toward earning the Bryant University graduate a recent promotion to serve as a principal at the firm. But what put him over the top were his efforts to serve his employer in the same way he does his clients.

His revitalization of the firm’s college-intern program has since 2008 led to a steady stream of new hires, who have been able to hit the ground running, saving time and training expenses for the company.

“Hiring these interns … has saved our firm in excess of $100,000 in recruiting fees and more than 100 management hours in nonbillable time,” he wrote.

As a member of the firm’s technology committee, he recommended new accounting software that has benefited clients and created time savings for the firm of as much as 20 percent on larger audits.

Simon is also very active in the community. In the past year he helped expand the financial-literacy program at the R.I. Transition Academy at the Community College of Rhode Island.

He also serves as treasurer for the Rhode Island Parent Information Network, where he’s put his accounting skills to use to save the group 30 percent in audit fees. •

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