Manager Management

MATTHEW S. FAY,CPA

** ***** *****

Logan Township, NJ 08085

856-***-**** (H)

*******@*******.*** 856-***-****

(C)

SUMMARY

Internal Auditor and Tax Specialist who combines cross-functional

competencies in all phases of accounting, information systems, staff

supervision and management. Expertise in documenting business process

flows, identifying weaknesses in systems of internal accounting and

management control, and implementing corrective measures. Financial

auditing skills gained through sixteen year-end assignments with Ernst &

Young LLP as an additional auditor from John Maneely Company. Proficient in

applying GAAP and GAAS principles to auditing engagements and management

reports. Also proficient in Microsoft Office applications: Excel, Word, and

Outlook in Windows XP. Mr. Fay has worked in JD Edwards, Oracle 11i, and

AS400 systems environments. Other software experience: Quickbooks Pro

accounting software, CCH Pro Systems FX tax preparation software, as well

as RIA Checkpoint tax research software.

PROFESSIONAL EXPERIENCE

CATHOLIC DIOCESE OF WILMINGTON (DELAWARE), INC.

February- August 2009 &

Internal Auditor (Interim position)

December 2009-August 2010

Reporting to the Diocesan Chief Financial Officer, performed 16 limited

scope financial audits of parish financial statements, as well as reviewed

compliance with Diocesan accounting procedures and required internal

controls. Created written audit reports for local clergy and Diocesan

management. Corrected improper accounting and re-stated some financial

statements. Also created a support trail for transactions related to 84

restricted operating funds that are under review in a bankruptcy protection

proceeding. Recently involved in a special investigation of possible clergy

financial malfeasance.

DANIEL A. WINTERS & COMPANY (CPAs), Chadds Ford, PA

July 2008-November 2008

In-Charge Accountant/Auditor

Responsible for the preparation of labor union annual reports, Federal

returns for non-profit/tax exempt

organizations, and the performance of financial audit tests of the

financial statements of employee benefit plans administered by labor

organizations. Reported to Senior Accountants and Managing Partner.

DEVEREUX FOUNDATION, King of Prussia, PA

April 2008 - July 2008

Internal Audit Consultant (Interim position, fill in for Senior Auditor on

leave.)

Responsible for planning, scheduling, and performing operational audits of

internal controls and compliance with corporate policies related to Fixed

Asset Accounting at three of the foundation's healthcare/education centers

(Pennsylvania, New Jersey, Connecticut). Reported to the Audit Services

Manager.

. Uncovered depreciation deficiencies at NJ Center, and deficient

accounting for asset disposals at PA Center.

FOAMEX INTERNATIONAL, Linwood, PA

June 2006- September 2007

$1.3B producer of flexible polyurethane foam for the bedding, furniture,

carpet cushion, and automotive markets.

Senior Internal Auditor

Reported to VP of Internal Audit, and Director of Audit Services.

Responsible for performing Sarbanes-Oxley Section 404 compliance reviews of

Corporate and plant business processes to determine effectiveness of key

internal controls over financial reporting..

. Identified and proposed recommendations regarding SOX internal control

and control design deficiencies in the areas of credit and collections

management, product price file administration, and capital spending

approval.

. Performed additional operational audits of corporate business processes

for compliance with written corporate policies and procedures. Uncovered

fraudulent expense reporting of company car expenses.

. Participated in 2007 company-wide risk assessment interview process.

Interviewed key corporate managers and plant personnel.

DEVEREUX FOUNDATION, King of Prussia, PA Oct. 2005-Feb. 2006 (Interim)-

June 2006 (Perm.)

$400M (revenue) non-profit foundation treating and educating individuals

with special needs.

Senior Internal Auditor

Responsible for planning, scheduling, and performing operational audits of

business process internal controls and compliance with corporate policies

at foundation's healthcare/education centers throughout the US. Reported to

Audit Services Manager. Internal Control Questionnaires and audit programs

were in a COSO framework format.

. Identified major weaknesses in controls over the settlement of more than

$15,000 in cash advances for program expenses at the Foundation's Georgia

Treatment Center business office.

. Successfully negotiated immediate remediation plans with local executive

management for all internal control deficiency issues discovered during

all audit assignments.

JOHN MANEELY COMPANY/WHEATLAND TUBE CO., Collingswood, NJ

June1987-May 2005

Internal Audit Manager & Tax Manager (1995-2005)

Responsible for planning, scheduling, performing, and supervising

operational audits of corporate and manufacturing division business

functions of a $700M (Sales) privately-held company. Emphasis on the

evaluation of efficiency and effectiveness of systems of internal

accounting controls and management policies at nine domestic locations,

along with determination of compliance with established fiscal and

management policies. Also responsible for managing the Federal and State

Tax compliance function.

. Identified unauthorized capital spending at the Chicago manufacturing

plant which was the impetus to the development of a new and more

stringent corporate-wide policy on capital spending approval.

. Co-wrote with Corporate Counsel the Corporation's first ever Business

Ethics/Conflict of Interest Policy.

. Implemented a quarterly review of repair and maintenance costs,

identifying $200K to $300K of capital asset costs on an annual basis,

increasing Net Income.

. Participated in special audit investigations at the request of the

President.

. Created audit reports and presented to President/CEO, Senior Operating,

and Financial Management.

. Directly reported to the Corporate Controller regarding internal control

and tax issues.

Sole Corporate Internal Auditor for John Maneely Company/Wheatland Tube

Company (1987-1995)

CIGNA CORPORATION, Philadelphia, PA

June 1985-May 1987

Operational Auditor

Responsible for conducting reviews of administrative and internal controls

within life insurance and investment operations. Developed written report

comments relating to audit findings for inclusion in audit reports.

C E INDUSTRIAL PRODUCTS GROUP, King of Prussia, PA

June 1981-May 1985

Operating Group Internal Auditor (1981-1985)

As a staff auditor, planned and conducted audits of administrative and

internal accounting controls within both manufacturing units and group

headquarters. Performed some IT auditing of computerized business

applications. Combustion Engineering (C E )Financial Staff Training Program

(1980-1981)

EDUCATION

B.S., Business Administration, Accounting, 1980, Western New England

College, Springfield, MA

A.S., Accounting, 1978, Springfield Technical Community College,

Springfield, MA

CPA license (Pennsylvania) recently put in inactive status. (12/31/09)

Granted license in 1985.

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