Accounting Financial

Jessica M. Mahaffey **** Brimmer Way, Cherry Valley, IL 61016

****************@*****.*** • Cellular 815-***-****

Summary

I have a well-balanced experience in both Accounting and Finance at the business unit, Divisional and

Corporate Office levels. I have expertise in preparing financial statements, developing budgets and

forecasts utilizing US GAAP and IFRS accounting principles. I have direct experience both domestically

and internationally.

Experience

Wolters Kluwer US Corporation, Riverwoods, IL October, 2008 to Present

Finance Manager

Currently the global finance lead for 3-year global strategic restructuring and business optimization

initiatives within the Global Shared Services organization. I defined the programs’ key financial metrics to

improve EBITA margins. I defined and implemented procedures to consistently calculate and report on

savings, on-going costs and exceptional items. I manage financial reporting for €160 mln net savings and

€240 mln exceptional expense.

Create budgets, forecasts and 3-year plan for core global programs and implement global syndicated

savings tracking against all forecasts.

Support Global Shared Services tactical and strategic initiatives and coach global business units in

consistent reporting and taxonomy structures.

Oversight and calculation of asset valuation and capitalization procedures for proprietary technology

infrastructure.

Work with accounting and external auditors with year-end reconciliations for asset valuations,

capitalization and intercompany royalty payments.

Wolters Kluwer, N.V., Amsterdam, The Netherlands June, 2006 to September, 2008

Controller

I was promoted to Controller at the international corporate office overseeing three US Divisions. I led the

global budgeting and multi-year forecasting initiatives and implemented budgeting models to anticipate

the impact of the USD currency fluctuations. I was a team lead in the Efficiency Team Task Force to

reduce lead times in the monthly close and budgeting cycles by identifying and documenting best

practices at the business unit, division and corporate levels.

• Implemented quarterly reporting and ROIC analysis of major acquisitions compared to actuals,

forecast and Deal Book financial information.

• Key participant in 3-year strategic planning and presentations to the Executive Board. I provided

guidance to global business units in preparation of 3-year financial statements.

• Applied efficiencies within financial consolidation system to stream line the Corporate Office financial

closing from 5 days to 3 days.

Wolters Kluwer US Corporation, Riverwoods, IL June, 2005 to June, 2006

Financial Analyst

I reviewed and consolidated two Divisional monthly financial reporting within the North American Shared

Services organization. I instituted processes to effectively complete all Bureau of Economic Analysis and

US Census reporting. Upon the completion of $333M acquisition, I took the lead for the Certified

Contractor Registration, TPINS and credit bureau information in order to proceed with governmental

contracts.

• Analyze financial and statistical data and provide guidance on IFRS accounting procedures.

• Prepared, tested and implemented excel templates to be utilized in the upload of financial statements

for consolidation in Hyperion Financial Management.

• Prepared financial statements for Health and Welfare audit and worked with actuaries for accurate

accounting of MediCare-Part D credit.

Masterfoods, USA, Chicago, IL October, 2004 to May, 2005

Cost Accountant

Building on my inventory control background, I re-designed the cycle count procedures within the Chicago

warehouses and designed an annual inventory procedure within the Chicago manufacturing and

distribution facilities.

• Analyze cycle counts, ending inventory balances and perform account reconciliation to ensure proper

inventory and material usage are being maintained.

• Contribute in preparation of budgets/forecasts to ensure status of business position and

manufacturing guidelines are met.

• Created annual standard costs of materials based on historical and current market conditions.

WW Grainger, Lake Forest, IL January, 2003 to September, 2004

Inventory Accounting Analyst

I led a staff of 40 colleagues in an $800M annual inventory across 395 branches and 10 DC's resulting in

a 1% write-down, the lowest in over 10 years. I was responsible for $250M freight expense and changed

the freight capitalization policy to reflect the current mission of the organization, which yielded $30M

annual tax benefit. I implemented an accrual management policy to accurately reflect freight expenses on

a monthly basis. Over-accruals were reduced from $+8M monthly to $+100K monthly.

• Instituted proper accounting for export freight costs including brokerage and tariff charges for current

business model.

• Designed business requirements needed to maintain integrity of accounts during the SAP

implementation of FI/CO modules.

Provided SOX guidance for Accounting and Operational departments.

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• Responsible for the developmental skills of Financial Development Program participants in their semi-

annual rotation within the department.

Turtle Wax, Inc, Bedford Park, IL January, 2002 to January, 2003

Cost Accountant

During a 3-month process, I completed a product line review and identified financial loss in product due to

waste and presented recommendations for product line improvement. Upon completion of the analysis to

senior management, I established procedures to continue benchmarking the remaining product lines.

• Calculate, analyze and maintain product cost and inter-company transfer price for new material and

inventory.

• Perform monthly inventory reconciliations and perform annual inventory.

• Determine accounts payable variances and discrepancies.

• Evaluate purchase price variance.

Education

Northern Illinois University, DeKalb, IL 2001

B.S., Accountancy

Skills

• Financial Systems: Hyperion Financial Management, SAP, Oracle, PeopleSoft

• Budgeting tools: GEAC, Infor, Phoenix Management System

• Microsoft Office: Proficiency in Advanced Excel 2003/2007, Proficiency in Advanced Power Point

2003/2007, Word 2003/2007, Access 2003/2007

• Accounting Principles: Generally Accepted Accounting Principles (GAAP), International Financial

Reporting Standards (IFRS)

• Costing Procedures: Standard Costing, Replacement Costing

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