Human Resources Manager

STEPHEN R. STORCK, C.P.A.; Ph.D.

*********@*****.***

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

Cell: 570-***-****

Westerville, OH 43081

Home: 614-***-****

WORK HISTORY

**/** - **/** **** President and Treasurer

Lycoming College, Williamsport, Pennsylvania

. Responsibilities included the supervision of the Campus Store

Manager, Controller, Director of Conference Services,

Director of Food Services, Director of Human Resources,

Director of Physical Plant, and Director of Safety and

Security

. Directed the process for the preparation of the annual

operating budget ($55M) and oversaw all investments ($160M),

both long and short-term

. Coordinated all aspects of risk management, banking, legal

and real estate affairs, and human resources

Accomplishments:

. Restructured the health care plan so as to make the premiums

proportionate to the income base of employees

. Participated in the diversification of the endowment

portfolio and the reduction of management fees

. Administered the process for the design of a planetarium and

the renovation of the dining hall

. Initiated the process to conduct an energy audit and

implement sustainability projects and programs on campus

2006 - 2007 Vice President for Administration & CFO

Heidelberg University, Tiffin, Ohio

. Responsibilities included the supervision of the Associate

Vice President for Engineering and Facilities, Bookstore

Manager, Business Manager, Controller, Director of Financial

Aid, Director of Food Service, Director of Human Resources,

and the Director of Office Services

. Prepared and controlled the annual operating budget and

oversaw all investments

. Administered all aspects of banking, legal, and real estate

matters, human resources, and risk management

Accomplishments:

. Directed the initiative to restructure the annual operating

budget in order to bring it into balance

. Instituted a comprehensive reporting system to familiarize

members of the campus community with the University's

financial position and annual operating results

. Restructured the post retirement medical plan in an effort to

make it financially sustainable

. Directed the $2M renovation of a residence hall, and the $.5M

renovation of the dining hall

. Chaired the committee that directed the development of the

Campus Master Plan

1988 - 2006 Vice President for Business Affairs

Otterbein College, Westerville, Ohio

. Prepared and controlled the annual operating budget ($65M),

oversaw all investments ($82M), and directed cash management

. Administer all aspects of risk management, banking, legal and

real estate affairs, human resources and labor relations

. Supervised nine direct-reports: Controller, Director of

Administrative Computing, Director of Physical Plant and

Telecommunications, Director of Human Resources, Food

Services Director, Bookstore Manager, Director of

Environmental Health and Safety, Director of Mail Services

and Copy Center, and Director of Summer Conferences

Accomplishments:

. Developed a PC-based modeling program for the development of

the annual budget that resulted in an annual operating

surplus every year of my employment

. Utilized ratio analysis and strategic planning for the

financial management of the institution that aided

institutional-wide decision making and resulted in

significant improvement in the College's financial position

. Actively participated in the development of two strategic

plans for the College and two self-study reports for

reaccreditation

. Directed the successful completion of five business process

reengineering projects including the purchasing system, the

physical plant work order system, the financial aid awarding

system, the Continuing Studies Program, and the communication

system for admitted students

. Oversaw the successful completion of 14 major construction or

renovation projects with a total cost of $61M and

participated in the development of two Campus Master Plans

. Served as an adjunct professor of accounting

1985 - 1988 Business Manager

Elizabethtown College, Elizabethtown, PA

. Assisted in the preparation and control of the annual

operating budget, coordinated the annual audit, and prepared

quarterly financial statements for the Treasurer and Finance

Committee

. Functioned as purchasing manager, oversaw risk management,

and performed financial analyses of programs and projects

Accomplishments:

. Improved the yield on working capital investments by 20%

. Revised the financial reporting format to comply with AICPA

guidelines

. Developed aging reports for the management of student

accounts receivable

1982 - 1985 Comptroller

Davis & Elkins College, Elkins, WV

. Supervised the Business Office, Duplicating Services,

Switchboard, and Post Office

. Served as an adjunct professor of Accounting

Accomplishments:

. Implemented an updated accounting system

. Reduced student accounts receivable by 34% and improved cash

management thereby eliminating line-of-credit draws

. Improved the morale and productivity of office staff

. Served as Interim VP for Business Affairs during last year of

employment

1980 - 1982 Assistant Comptroller

University of Charleston, Charleston, WV

. Supervised the Business Office staff

. Maintained the University's accounting system

Accomplishments:

. Implemented an integrated financial recording and reporting

software system

. Improved cash management thereby minimizing borrowing needs

. Reduced student accounts receivable by 22%

1976 - 1980 Auditor

U.S. Department of Health, Education and Welfare, Charleston,

WV

. Performed financial and operational audits of various

agencies and institutions

. Planned audits, developed findings, supervised and trained

junior staff, and prepared audit reports

EDUCATION

. Ph.D., Higher Education Administration, Ohio University,

Athens, OH, 1996

. M.B.A., York College, York, PA, 1989

. B.S., Accounting, King's College, Wilkes-Barre, PA, 1976

. Graduate of the College of Business Management Institute,

University of Kentucky, 1986

PROFESSIONAL CERTIFICATION AND AFFILIATIONS

. Certified Public Accountant, May 1983

. President, Ohio Association of College and University

Business Officers, 1995

. Co-Chair, Annual Meeting Committee, Eastern Association of

College and University Business Officers, 2005-2006

. American Institute of Certified Public Accountants

. Board of Advisors of Sage Scholars, a national college

savings organization

CIVIC AFFILIATIONS

. Rotary Clubs of Williamsport, Tiffin and Westerville; member

of Board of Directors, Rotary Club of Westerville, 2000-2003

. Board of Directors of the Westerville Area Chamber of

Commerce; Chair of the Economic Development Committee, 1998-

2000

. Westerville City Schools Business Advisory Forum

. City of Westerville Community Reinvestment Area Housing

Council

. Board of Governors, Westerville Fund, a charitable foundation

supporting non-profit entities, 1993-1994

. Westerville Symphony Orchestra Board of Trustees, 1994-1998;

Treasurer, 1997-1998

REFERENCES

References will be furnished upon request.

STEPHEN R. STORCK

OUTLINE OF PROFESSIONAL EXPERIENCE

Accounting and Financial Reporting

Developed and implemented updated accounting systems, including chart of

accounts and month-end reports. Worked closely with staff to improve

internal control over assets, improve efficiency of operations, and improve

internal reporting. Coordinated annual audits with CPA firms and completed

various tax returns and forms. Developed audit charters, conflict of

interest policies, and Whistleblower policies for audit committees.

Budgeting

Developed annual operating budgets ranging in size from seven to sixty-five

million dollars with many varying departments and components. This process

included working with department heads and senior administration for

presentation to the Board of Trustees. Produced an operating surplus every

year of employment at Otterbein College as Vice President for Business

Affairs. Led the initiative to eliminate more than $1 million of expenses

from Heidelberg College's annual operating budget while reallocating funds

that provided for recapturing lost enrollment.

Cash Management

Managed surplus cash from several funds, providing liquidity and maximizing

return while limiting risk of principal. Managed endowment funds with the

goal of providing current income, capital appreciation, and producing a

return consistent with the level of risk. Investment management includes

experience with pooling and unitization, trust fund administration, pooled

income and annuity funds management, and interaction with consultants,

asset managers and investment committees. Monitored investment performance

and reported the results to the Board of Trustees.

Contracted Services

Served as liaison with contractors providing bookstore, food service

management services, custodial, and security services with the goal of

achieving the best possible service for the funds expended. Negotiated and

re-bid the contracts for these services.

Debt Management

Negotiated tax-exempt bond issues for the construction of facilities and

renegotiated long and short-term debt to ease cash flow demands. Satisfied

annual bond indenture requirements and refinanced outstanding debt in order

to reduce interest expense. Negotiated line-of-credit agreements and

letter-of-credit agreements with banks. Collaborated with an underwriter

to obtain a credit rating from Moody's Investors Services and bond

insurance from leading bond insurance companies. Developed a Debt Policy

Statement and monitored compliance with its covenants.

Disaster Recovery

Directed a team in the development and updating of a disaster recovery plan

for the campus. Developed and directed a task force to identify and

mitigate the challenges related to the Y2K conversion of computer

controlled equipment and software installations on campus. Participated in

countywide disaster planning exercises and completed emergency management

training sponsored by FEMA.

Human Relations

Supervised nine direct reports and more than 100 staff employees; monitored

performance, and motivated employees to achieve established goals.

Collaborated with faculty and staff in a variety of positions in the

process of carrying out responsibilities. Counseled with students and

parents in the payment of student accounts. Represented the administration

while interfacing with the Board of Trustees and various internal and

external constituencies.

Human Resource Administration

Acted in the capacity of a human relations manager and subsequently

supervised the department. Responsibilities included the administration of

all personnel matters for employees. This included the hiring and

termination of personnel, affirmative action and EEO matters, compliance

with various federal and state laws and regulations, and the administration

of fringe benefit plans and worker's compensation and unemployment

compensation programs. Responsible for the labor relations and contract

negotiations with the union that represented maintenance employees at

Otterbein College.

Information Technology

Supervised the office responsible for the administrative computing function

via the use of mainframe computers and more recently, server farms.

Experience with the utilization of enterprise wide integrated software for

the data management needs of the institution. Proficiency with Microsoft

software including, Word, Excel, and PowerPoint. Collaborated with

colleagues for the development and installation of a fiber optic backbone

and wide-area network that served the entire campus community.

Collaborated in the development and administration of a policy for the

routine replacement of personal computers for students and employees.

Investment Management

Assumed administrative responsibility for investment portfolios as large as

$160M. Oversaw the administration of the endowment fund at Otterbein

College where fund assets grew from less than $12 million to $82M. In

addition to gifts, the fund grew from disciplined spending, the

reinvestment of capital appreciation, and the diversification of the

portfolio. Collaborated with an investment consultant and the Investment

Committee to employ eight active managers and monitor their performance.

Drafted an Investment Policy Statement for adoption by the Board of

Trustees and participated in its revision over a period of years.

Legal Issues

Collaborated with several attorneys on a variety of college business

matters including human resources, contracts for the purchase and sale of

real estate and for services, including construction and renovation,

donations of assets, and environmental matters. Prepared, reviewed, and

approved a variety of contracts and other legal documents for three

institutions.

Modeling

Developed and implemented a PC-based budget modeling system for the

development of annual and multi-year operating budgets. Constructed models

to analyze the cost of health care and structure the premiums based on

employee incomes so as to craft an equitable plan that was financially

sustainable for the institution. Utilized proprietary modeling software to

strategically structure the growth of enrollment and facilities in an

economically feasible manner.

Physical Plant

Worked closely with the Director of Physical Plant to plan and provide for

the upkeep of buildings and grounds. Developed and implemented a campus-

wide plan to deal with deferred maintenance and future plant demands.

Collaborated with architects, engineers, and construction managers on a

total of 14 construction, renovation, and energy conservation projects.

Administered the construction and financing of a $9.5 million, 70,000

square foot recreation center, a $7 million, 65,000 square foot classroom

and office building, a $10 million, 175-bed residence hall, two 90-bed

student apartment complexes, and the extensive renovation of academic and

administrative buildings, residence halls, an art museum, and a stadium

facility. Participated in the development and updating of Campus Master

Plans. Served as the College's primary representative to the Westerville

City Council and Planning Commission for all of the projects noted above.

Policy and Procedures

Developed and updated faculty, administration and staff procedures manuals

regarding employment policies and procedures for the institution.

Developed procedure manuals for business office functions and internal

control practices for all college employees.

Purchasing

Responsible for the implementation and monitoring of purchasing procedures,

maintaining relations with vendors, soliciting competitive bids, and

reducing expenditures where possible. Lead the business process

reengineering of the purchasing process at Otterbein College. Renegotiated

telephone services contract to provide improved equipment and decreased

cash flow demand. Renegotiated contracts for long-distance telephone

services resulting in significant cost savings.

Real Estate

Developed and implemented plans for the acquisition of commercial and

residential real estate contiguous to campus so as to provide property for

future expansion. Managed the rental of facilities to fraternities,

sororities, and independent students. Negotiated the purchase and sale of

parcels of land as large as 111-acres and the purchase of more than 30

houses. Oversaw the administration of a 459 unit low- and moderate-

income, HUD sponsored, housing project. Collaborated with consultants to

plan the environmental cleanup of a property that was contaminated with

heavy metals that remained on the property from a former industrial use.

Risk Management

Developed specifications for the property, casualty and liability, and

health and welfare insurance coverage needs of institutions. Requested

bids for coverage and maintained a working relationship with brokers while

administering the campus-wide insurance programs. Negotiated annual

renewal rates for these policies.

Strategic Planning

Participated in the development of strategic plans for two higher education

institutions. Participated in the tactical planning and implementation

required to achieve long-range goals and objectives, monitored annual

performance, and revised plans accordingly.

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