William E. Foy, MBA, CPA
**** ************ **, ********, **** 45030, Mobile: 513-***-****, Email:
ablwkj@r.postjobfree.com
Summary
High Performing Senior Financial Manager with over fifteen years of
progressive financial experience with a Global multi-billion dollar
company. Motivated finance expert with extensive experience in
profitability analysis, product and contract pricing and strategic
financial planning. Created and supported complex financial models,
business cases, market analysis and M&A analysis. Finance experience
within both domestic and International businesses. Presented and discussed
financial results, forecast updates and overall business issues with senior
management.
Professional Experience
Convergys Corporation 1990 - 2010
Senior Financial Manager (1994 - 2010)
Management role supporting Line of Business, managed staff of 2-3 degreed
finance professionals.
Achievements
* Identified $1M annual payroll savings. Research irregularities in
labor expense to uncover additional expense being incurred due to
payroll frequency and internal method for calculating labor expense.
* Established Financial Reporting Structure, Processes and Procedures
for new Lines of Businesses. Achieved financial reporting for new
group within 4 weeks.
* Created complex tool for the accurate and timely calculation of labor
cost recovery rates. The new tool resulted in a 3% improvement in
gross profit on new business opportunities.
* Presented key financial analysis as a member of due diligence team
determined proposed $15M investment was high risk with no ROI.
* Integrated TAI Acquisition. Worked on-site to provide transition
support and standardized reference tools to team. A seamless
transition was estimated to reduce post-acquisition turnover resulting
in a direct expense savings of $200K.
Areas of Expertise
* Financial Planning:
. Managed the Annual Budget process for $50M -$100M
. Managed the Monthly/Quarterly Forecast updates within +/- 2%
. Provided the financial support for the 3 year Strategic Business Plan
* Financial Analysis:
. First line variance analysis for both revenue and expense versus
Budget and Forecast.
. Facilitated monthly results discussions with senior management
* Cost Accounting:
. Leadership role in providing Pricing Model support for new and
existing products and services
. Responsible for setting Internal Transfer labor rates
* Contracts:
. Responsible for the creation and update of contract pricing models
. Reviewed and analyzed new contracts
. Review and interpretation of Revenue Recognition on key contracts
* Accounting Standards and Compliance:
. Sarbanes-Oxley
. FAS 86 Accounting for the Costs of Computer Software
. SOP 97-2 Revenue Recognition
. Use and research knowledge of Accounting Standards Codification
Senior Financial Analyst (1992 - 1994)
Supporting role supporting Line of Business
Achievements
* Created reusable pricing tool for contract pricing. This tool
established a standard easy to review and easily updated format
allowing for quick updates and turn around for pricing products and
services.
* Created flexible and easy to use forecasting tool. This tool resulted
in improved forecasting accuracy, better reporting capabilities and
reduced support costs by FTE
* Identified $250K annual savings related to retired and decommissioned
hardware. Provided immediate payback
Areas of Expertise
* Financial Planning: Budget and Forecast
* Cost Accounting: Pricing Models
* Accounting Operation: Month-end Close, Revenue/Expense Analysis,
Revenue Recognition
Senior Accountant (1990 - 1992)
Managed the AR, Customer Billing and the revenue recognition functions
Supervised a staff of 4 billing specialists
GE Capital Consumer Card Company - Cincinnati, Ohio
1989 - 1990
Bankcard Receivables, Fixed Assets and Cash Flow
Supervised staff of 3 degreed accountants
Accounting Manager
Provident Bank - Cincinnati, Ohio
1985 - 1989
General Accounting, Financial Reporting and Account Analysis &
Reconciliation
Senior Accountant
Accountant II
Accountant I
Home Federal Savings & Loan Association - Hamilton, Ohio
1980 - 1985
General Accounting, month-end close and regulatory reporting
Staff Accountant
Audit Clerk (Co-op)
Education
MBA - Masters of Business Administration
Accounting/Finance/Tax (3.3 GPA), Xavier University (1990)
BBA - Bachelors of Business Administration
Double Major: Accounting/Finance, University of Cincinnati (1982)
Certification
CPA - Certified Public Accountant - State of Ohio- Active License #32015
(1994)
Systems & Software Experience
Accounting Software: PeopleSoft Financials/Essbase/Hyperion, QuickBooks
Microsoft Office, EXPERT in: Excel, Word and PowerPoint