Manager Management

Martin J. Hennessy, Jr.

*** ******* ****** ****-*****, NJ 07075 Cell 551-***-****

*******@***.***

Treasury Executive

Cash Management Internal Controls & Compliance Relationship

Management

Senior treasury professional with the expert ability to add value by

updating and streamlining treasury functions and procedures. Technical

understanding of corporate finance, banking, controls, and accounting

concepts backed by 14 years' experience guiding treasury and cash

management functions and a background in public accounting. Reputation for

achieving positive results and being considered a subject matter expert in

treasury matters and a track record of solving problems and promptly

responding to internal and external client requests.

Areas of expertise include:

V Banking Systems

V Management Reporting

V Operational Efficiency

V Sarbanes-Oxley Controls

V Strong Business Judgment

V General Accounting Principles

V Corporate Strategic Planning

V Communication Skills

V Leadership & Mentoring

Professional Experience

Express-Scripts, Inc. (formerly Medco Health Solutions, Inc.), Franklin

Lakes, NJ 1997 to 2013

Manager, Treasury Operations (2004 to 2013)

Led ongoing treasury management functions, including banking systems,

processes, and external industry relationships, to maintain operational

efficiency, accuracy, and compliance with required time frames and banking

guidelines for this $65 billion healthcare company.

Tapped to serve as member of cross-functional acquisition team to integrate

banking processes and reporting procedures for three subsidiaries. Selected

to create, manage, and update departmental Sarbanes-Oxley controls and

initiatives.

Managed domestic and off-shore cash applications department, including

daily cash application and accounts receivable department support.

Forecasted daily cash position to determine working capital needs and

receive best rates for short-term investments and borrowings. Reviewed

monthly cash recordings to general ledger.

Administered client reporting process and associated relationships,

including approximately $30 million of annual unclaimed property. Monitored

bank relationships, negotiated bank service agreements, and managed account

balances and service fees. Supervised, trained, and developed 8 treasury

professionals, including 5 direct reports.

Selected Accomplishments include:

. Saved more than $650,000 annually by streamlining the banking structure,

implementing best practices in banking services, and improving

information reporting procedures.

. Achieved $950,000 in annual savings and improved cash flow by one day by

leading a company initiative to improve reporting and cash collections.

. Assisted in the roll-out of two new business lines by developing

banking systems and reporting for Medco's private label business and

the Medco Health Store.

. Safeguarded against business interruptions by creating and implementing a

contingency plan for treasury operations.

. Facilitated the effective management of treasury services for a newly

formed public company by driving the creation of a treasury department

and its related functionality, policies, accounting controls, and

reporting procedures upon the company's separation from Merck in 2003.

. Ensured safety and liquidity of more than $1 billion of invested funds by

creating and implementing an investment strategy which included

establishing relationships and monitoring the credit quality of

investment banks to invest available overnight funds.

Continued...

Martin J. Hennessy, Jr. - Page 2

Cell 551-***-**** *******@***.***

Manager, Cash Management (1998 to 2004)

Directed daily cash transactions and related reporting, including daily

cash position report, to Merck within required time frames and banking

guidelines. Tracked all incoming (lockbox, EFT, and checks) and outgoing

funds (including accounts payable, T&E, payroll, taxes) to prepare short-

and medium-term cash flow forecasts. Approved monthly journal entries, and

completed monthly credit card accrual and fee reporting.

. Reduced call center costs by $500,000 while improving check printing

efficiency and response time to outside inquiries by coordinating

implementation of new online integrated check write system.

. Streamlined treasury operations by allowing multiple users with the

implementation of a new treasury work station and new banking

configuration.

Senior Financial Analyst (1997 to 1998)

Hired to report all client member copayments for prescription benefit

program. Analyzed, reported, and recorded copay receipts for 12 cash

offices on a weekly and monthly basis in addition to preparing month-end

journal entries. Reconciled cash, credit cards, and adjustments monthly for

management reporting.

. Eliminated a $1+ million write-off by redesigning and correcting the

monthly copay cash reporting process.

Early Career

Accounting Manager, Zeta Consumer Products Corp., Little Falls, NJ (1 year)

Senior Accountant, Zarrow, Zarrow & Klein, CPA PA, Fair Lawn, NJ (10 years)

Junior Accountant, Heyliger, Dugan & Associates, CPA PA, Closter, NJ (4

years)

Completed research and the preparation of corporate, partnership, and

individual tax returns. Prepared financial statements, maintained general

ledger accounts, and calculated sales/use and payroll taxes for small- to

medium-sized corporate clients of two boutique public accounting firms

before transitioning to private industry as the Accounting Manager at a

small manufacturing company.

Education & Professional Affiliations

Bachelor of Science in Accounting and Business Administration

BLOOMFIELD COLLEGE, Bloomfield, NJ

Member, Association of Financial Professionals

Additional Information

Computer Skills: Microsoft Word, Excel, and PowerPoint; treasury

applications including JPMorgan Access, JPMorgan Insight, Bank of American

Cash Pro, Citi Direct, Wells Fargo Electronic Commercial Services,

and JD Edwards One World

+ + +

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