Management Accounting

Lee M. Farland, CPA, CCM

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Home: 860-***-**** North Stonington, CT

***** *-****: ***********@*******.***

Summary

Senior financial executive with 20+ years experience leading financial

operations organizations. Extensive experience in the insurance, banking

and consulting arenas. Effective in multi-functional, constantly evolving

organizations, delivering results while facilitating employees and

organizations through change. Visionary leader accomplished in influencing

agendas and partnering across the organization to develop strategies that

foster financial health. Developer of high performing teams, skilled in

creating impactful solutions. Competencies in:

< Strategic leadership

< Integration of people, processes and systems

< Infrastructure development

< Restructuring and reengineering

< Domestic and international operations

< Cash/treasury/banking/accounting management

< Internal controls

( Organizational effectiveness

Professional Experience

THE HARTFORD FINANCIAL SERVICES GROUP, Hartford, CT

2006 to Present

International Treasury Consultant & Director

Provides international treasury consulting and management services to the

fast-growing international areas of the company.

. Directed company initiative on NACHA regulatory changes. Determined

effect of new regulations and proposed policy and compliance guidelines.

Partnered with business, law and compliance areas during implementation.

. Integrated remote Japanese operations with centralized treasury

operations. Trained and mentored Japanese staff in new procedures and

disciplines. Advised and guided project team members on tasks and

expectations.

. Led international project team in building treasury and banking functions

for new division in Germany. Negotiated new banking relationships.

Interfaced centralized treasury operations with German and Irish

subsidiary operations.

. Led initiative evaluating organizational effectiveness. Worked with

business partners and staff in building objectives

ONEBEACON INSURANCE CO., Boston, MA

2003 to 2005

Assistant Treasurer

Managed the treasury services organization in this privately held,

property/casualty insurer.

. Directed review of cash management structure and performance.

Restructured banking relationships to match corporate banking needs.

Reduced bank fees by 45%.

. Built strong treasury staff with targeted hiring of personnel with broad

treasury knowledge and competencies in internal control and Sarbanes

Oxley issues.

. Managed balance sheet lines, monetizing $25 million of previously

unavailable capital.

. Built new cash forecasting and accounting processes.

LEE M. FARLAND, CPA, Plainfield, CT

1998 to 2000, 2001 to 2003, 2006

Principal

Provided financial management and strategic planning services to varied

clientele. Services include accounting, tax, cash management and marketing

plans. Represent clients with state and local regulatory authorities.

. Completed cash management study for international reinsurer. Offered

recommendations providing savings of more than $1.2 million.

. Managed the treasury operations group of newly split-off insurance

subsidiary. Conducted cashflow and internal control study of paper and

electronic disbursements. Provided recommendations improving controls

and increasing efficiencies.

. Completed accounting and internal control study for property/casualty

insurer. Provided recommendations, implemented cash planning and

forecasting system and managed the implementation of bank reconciliation

system.

. Designed and completed cash management forecast for local retail firm.

Advised client in preparation for meetings with state and local

regulatory authorities.

PROVIDENCE WASHINGTON INSURANCE CO., Providence, RI

2000 to 2001

AVP-Financial Planning and Assistant Treasurer

Managed the financial planning, investment, treasury and expense operations

for this privately-held $225 million

property/casualty company.

. Directed the transition to new investment advisory and accounting firm.

Established investment oversight and monitoring capability for quarterly

reporting to Board of Directors.

. Co-chaired corporate initiative implementing NAIC's codification

principles and guidelines.

. Restructured treasury operations by directing the change of lockbox

provider and incorporating electronic funds

capability into operations.

. Developed new infrastructure for preparation and monitoring of annual and

five-year financial plan. Worked closely with CEO and division heads to

ensure thorough review and timely completion of financial plans.

AETNA INC., Hartford, CT

1981

to 2000 Assistant Treasurer

Selected to lead a newly created organization with a mandate to cut costs

and decentralize. Integrated the domestic and international treasury

activities supporting Aetna's corporate operations and decentralized

treasury functions to Aetna's business units. Managed a staff of 70

professionals and an operating budget of $14 million.

. Chaired Aetna's Treasurer's Council. Provided semi-annual profiles of

major bank relationships to Aetna's treasury managers as a key component

of continuous, high-level cost effectiveness evaluation. Focused regular

cross-organizational discussions on bank performance and capabilities.

Directed the banking activities related to the $8.9 billion acquisition of

major healthcare provider and also for the

$4 billion sale of major property/casualty insurer. Sold $340,000 in

banking services to property/casualty insurer during transition period.

. Oversaw a cashflow study for Aetna corporate entities. Provided

recommendations saving $1.2 million annually.

. Selected and implemented treasury workstation product replacing legacy

systems in cash management, bank relationship management and funds

transfer, saving $150,000 annually.

Directed decentralization of banking functions to individual business

units. Managed banking systems for decentralized treasury groups and

directed information technology staff of 30 with budget of $2.8 million.

Managed a review of bank product offerings, pricing and quality of banks'

service delivery, identifying and implementing changes that reduced banking

fees by 25%.

Directed accounting/reporting support to International Trading group,

including bank and hedge exposure monitoring.

Director, Liquidity Management/Banking Operations

Charged with reengineering banking operations and liquidity management.

Built a vision for financial operations integrating client-server

technology with customer-focused processing. Integrated the corporation's

cash flow forecasts with bank systems administration, receipt and

disbursement processing as well as cash and escheat accounting and

reporting.

Integrated financial systems in client-server environment using knowledge-

based technology extensively, eliminating processing and information

redundancies and significantly improving security over electronic and paper

disbursements and bank communications.

Led team of senior management, peers and subordinates in reengineering the

delivery of banking services and treasury operations. Established vision

for Treasurer's Department and identified significant redundancies between

banking departments, decreasing staffing levels by 10%.

Selected by CFO to develop a plan to align Aetna's information technology

with current and planned business strategies. Led a team of senior

employees, using Texas Instrument's Information Engineering Methodology to

develop a set of data architectures and a plan for all future application

development.

Appointed to direct the Aetna United Way/Combined Health Appeal corporate

campaign. Built team of fifteen senior managers to determine campaign

strategies and objectives. Raised $2.65 million in contributions,

exceeding goal by 18%.

Led conception and development of knowledge-based account reconciliation

system in LAN environment, implementing daily reconciliation cycles and

reducing manual intervention by up to 70%.

Orchestrated the design and development of LAN-based electronic funds

transfer system, incorporating knowledge-based technology and interactive

communications with banks.

DELOITTE HASKINS & SELLS, Providence, RI

Prior to 1981

Accountant/Senior Accountant

Education/Certifications

MBA, University of Connecticut

BSBA in Accounting, Bryant College (summa cum laude)

Certified Public Accountant

Certified Cash Manager

Professional Affiliations

Trustee-St. Bernard School, Uncasville, CT

Connecticut Society of CPAs - member

American Institute of CPAs - member

Plainfield High School Building committee member

Plainfield Rotary Club - past president & secretary

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