Accounting Management

Frank Shanny

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

Poughkeepsie, NY *2603

Home: 845-***-**** abl46x@r.postjobfree.com Cell: 914-***-****

SUMMARY

A dynamic Financial and Accounting Manager with a strong record of

achievement combining skills in diverse areas of organizational

development, group/staff leadership, program development and project

management. Major strengths in Sarbanes-Oxley controls, internal audit, in-

house consulting, acquisitions and diversifications, contract negotiations,

external accounting reporting, financial planning and company developed

education

PROFESSIONAL EXPERIENCE

IBM CORPORATION, New York 1992 - 2009

Senior Professional Accountant 2007 - 2009

. Review new contracts to ensure requested revenue recognition and

segmentation splits were in compliance with accounting policies.

Senior Professional Accounting Controls Advisor 2005 - 2007

. Evaluated and designed Sarbanes-Oxley controls and compliance testing for

accounting organization which improved the control posture of the

accounting organization.

. Lead focal contact for all Internal Audit engagements of our

organization, which resulted in the highest possible rating with no

negative comments.

Senior Business Controls Advisor/Corporate Auditor 2000 - 2004

. Evaluated potential acquisitions to determine the target company's

control posture and made recommendations to senior management on purchase

or rejection of the target company.

. Performed audits on a world wide basis of all IBM processes, and where

deficiencies were found, put in place recommendations to eliminate

deficiencies.

. Led company sponsored investigation of potential fraud which led to the

dismissal of three levels of accounting management in a Latin American

country and established procedures to ensure future compliance with local

tax laws.

. Led consulting engagements in world wide process areas of accounting,

distribution, security, contract management and other process areas.

Recommendations resulted in better efficiencies in the areas reviewed.

Senior Accountant 1992 - 2000

. As Lead Accounting Analyst, performed reserves, restructuring and

generated internal financial reports for monthly close.

Frank Shanny Page Two

OTHER RELEVANT IBM ACCOUNTING AND FINANCIAL EXPERIENCE

General Accounting Manager - East Fishkill, NY

. Led monthly close process, managed 12 employees who accounted for all

site expenses, payments of sales taxes, controls over payroll, rate

management and closure of all overhead accounts for a multi-billion

dollar 12,000 employee semi-conductor facility. Implemented the change

in overhead accounting to an "apply as incurred" system significantly

reducing the time and resources required under the prior rate

management system.

Advisory/Staff Financial Analyst - East Fishkill / Harrison / Somers NY

. Led ten financial planners in developing the multi-billion dollar

facilities and general works annual plan and budget, and presented

monthly variance analysis to East Fishkill executive management.

. Coordination of a multi-brand group level HQ organization budget

ensuring the budget was in compliance with GAAP to minimize

differences between accounting and budget.

. Implemented contracts and wrote amendments as necessary for a multi-

billion dollar joint venture between IBM and Siemens for Rolm Company.

When Rolm was diversified, successfully assisted senior management in

negotiating pensions and employee benefits. Received award for saving

twenty five million dollars in pension transfer.

Adjunct Professor Pace University

. Joint IBM/Pace University effort to provide college level education to

IBM accounting employees throughout the US while utilizing distance

learning techniques.

. Hired and trained college professors in distance learning, developed

curriculum that supported both IBM and Pace educational needs while

maintaining the requirements for academic credit.

. Managed a graphic department to create course material.

. Developed computer based training material.

. Taught modules on financial modeling.

AWARDS

Distinguished Contributors Award - outstanding achievement in the sale of a

division, reduced pension obligations by $25M.

EDUCATION

MBA, Professional Management, Pace University, New York

BBA, Accounting, Manhattan College, New York

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