Accounting Manager

Donald F. McCarthy Jr.

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

Hamden, CT 06514

203-***-**** (home) 203-***-**** (cell)

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

CERTIFICATION: Certified Public Accountant, CT January 1982, Cert.

# 4435

Certified Management Accountant, April 1984, Cert. #

4354

Certified Internal Auditor, February 1985, Cert. #

13547

Nov. 2008 to July 2009 Manager III Finance, Raytheon, Network Centric

Systems

Largo, Florida

Network and Communication Systems Integrator

Responsible for the overall accounting closing, financial reporting,

planning and cost reporting for a $600M cost center for a major defense

contractor. Enhanced Estimate at Completion process to ensure greater

consistency, completeness and identification of risks and opportunities.

Enhanced variance analysis to quantify future period impact. Developed

supplier discount latitude matrix to enable Procurement to maximize return

on cash discounts in negotiating Supplier Managed Inventory.

May 2007 to March 2008 Director of Finance, Stamford Housing

Authority

Stamford, CT

Public Housing Authority/Developer

Responsible for the overall accounting closing, finance, planning,

reporting and information technology for a moderate sized public housing

authority. Implemented process controls and established performance

objectives and accountability for staff functions. Implemented HUD Asset

based accounting model for asset managed properties. Implemented IT

procedures to enhance system integrity and availability. Prepared annual

HUD REAC submissions and CHFA monthly reporting.

February 2006 to February 2007 Controller, DRS Fermont, subsidiary DRS

Technologies, acquired ESSI

March 1999 to January 2006 Controller, Fermont subsidiary of ESSI,

Bridgeport, CT

Diesel Generator Set Manufacturer

Responsible for the overall accounting closing, cost accounting, financial

reporting, debt compliance reporting, forecasting and business planning for

a $100M generator set defense contractor. Established Sarbanes-Oxley

compliant accounting controls and performance measurement metrics to

monitor contract/job performance. Established accountability of estimates

at completion through analysis of profit margin variances, labor

performance by job, BOM variances for FFP and CPFF jobs. Analyzed overhead

variances to standard overhead rates to identify causal factors and refine

forecast model to assess risks and opportunities. Implemented monthly

balance sheet account reconciliations and reviews to ensure proper

accounting and minimize balance sheet risk. Prepared monthly scorecard

metrics and identified monthly performance variances against plan and

forecast for presentation to Group management. Trained staff to improve

efficiencies, controls and workflow resulting in a shortened closing cycle.

Developed Fermont Accounting Procedures Manual. Completed quarterly

variance analysis and reviews with external auditors to facilitate interim

audit work and quarterly 10Q reporting. Prepared and presented annual

operating plan and strategic plan to senior executives at Corporate Parent.

April 1996 to March 1999 Controller, Algonquin Industries, Div.

Rea Magnet Wire Inc.

Guilford, CT

Magnet Wire Manufacturer

Responsible for the overall accounting closing, financial reporting,

business planning and information systems for a $40M magnet wire

manufacturer. Completed cost studies to determine profitability of major

accounts and establish pricing scenarios in conjunction with marketing.

Initiated Finance Accounting Manual to strengthen the control environment

and subordinate accountability. Coordinate all audit activities within the

division. Implemented Windows NT server upgrade.

May 1984 to April 1996 Allied Signal/Textron Lycoming/Avco Lycoming

(3 owners - same location) Gas Turbine Engine

Manufacturer, Stratford, CT

May 1995 to April 1996 Business Manager, T53/T55/TF40 Engine

Programs, Allied Signal

Responsible for analyzing, planning and forecasting business revenues,

costs and profits for a $100M business segment. Analyzed and assessed

cost trends to ensure accurate forecasts and support attainment of

profit objectives. Identified risks and opportunities to achieving

forecasted results. Analyzed and supported marketing programs and

proposals to identify risk/reward trade-offs and impact on plans and

forecasts. Developed Micro Control based forecasting model to link

accounting actuals with forecasted plans to enable more timely and

detailed forecasts.

April 1988 to May 1995 Manager, General Accounting

Allied Signal/Textron Lycoming

Responsible for the overall operation of the General Accounting

function within a $900M division of a Fortune 200 company including

general ledger accounting, fixed asset accounting, consolidations,

risk management and insurance, billing and accounts receivable through

the direction of accounting supervision and staff. Reviewed and

approved journal entries, billings, foreign exchange adjustments,

division consolidation and intra-divisional eliminations, financial

statements and tax returns prior to issuance to assure compliance with

GAAP, FAR, CAS and tax reporting requirements. Analyzed trends and

variances to prior periods to respond to corporate management and

external analysts queries. Evaluated changes and new requirements in

financial reporting to develop and implement appropriate system

changes. Evaluated new system technologies to recommend changes to

enhance efficiency and effectiveness for financial reporting

(initiated Finance LAN). Interfaced with various audit functions

(External, internal, DCAA, IRS, CT DRS, and local municipality) for

completion of compliance reviews. Coordinated the development of the

Division Finance Guide procedures to bring about compliance with

corporate accounting policies and GAAP. Researched accounting issues

to ensure compliance and provide recommendations as to the structuring

of transactions (i.e. revenue recognition, leasing, sales financing,

contingencies, etc.) for maximum realization.

May 1984 - April 1988 Division Audit Specialist

Textron Lycoming/Avco Lycoming

Conducted operational and financial audits, assessing the

effectiveness of managerial controls, compliance with division

policies, FAR Regulations and GAAP. Audits conducted included major

cycle reviews, implementation reviews and special projects. Developed

major cycle system flowcharts and narratives documenting key system

control features. Established audit programs and developed formal

audit reports incorporating assessment of financial and operating

controls, recommendations and management responses.

April 1982 - May 1984 Condec Corporation (3 positions)

Diversified Manufacturer of Industrial and Defense

Products

Feb. 1984 - May 1984 Audit Supervisor

Condec, Corp. Greenwich, CT

Supervised Internal Audit Staff on operational and

financial reviews. Coordinated audit projects with external auditors

setting staff assignments, reviewing audit workpapers and reports.

Sept. 1983 - Feb. 1984 Assistant Controller

Hammond Valve (Subsidiary of Condec Corp). - Valve

Manufacturer

Hammond, Indiana

Developed cost and variance reporting system including implementation

of MAPICS automated standard cost system. Prepared monthly forecasts,

operating performance analysis and financial statements. Planned,

staffed and conducted wall to wall physical inventory including

compilation and costing. Supervised, trained and evaluated a staff of

4 accounting personnel.

April 1982 - Sept. 1983 Supervising Sr. Internal Auditor

Condec Corp. Greenwich, CT

Supervision of internal audit assignments as in charge auditor over

various financial and operational audits of manufacturing divisions.

Conducted internal control reviews over major system cycles

(Production, Revenue, Purchasing, Fixed Assets, etc.). Executed

audits of master trust pension plans, involved in special projects

including development of FAS 33 (Financial Reporting for Changing

Prices) disclosure for annual financial statements.

July 1981 - April 1982 Corporate Auditor

Caldor, Inc., Norwalk, CT

Conducted financial audits of various departmental functions and

subsidiaries. Documented, tested and evaluated key internal controls.

Performed common area maintenance audits of shopping center facilities and

construction audits of new store construction in progress.

Dec. 1979 - July 1981 Staff Accountant

T.M. Byxbee Co. CPA's, Hamden, CT

Engaged in certified audits of closely held to publicly held SEC

corporations. Performed compilations and reviews of small businesses.

Prepared state and federal income tax returns for corporations,

partnerships and individuals.

COMPUTER SKILLS: Superior knowledge of Excel data analysis techniques

including pivot tables, data transformation, conditional

vlookups, sumifs, goal seeking, database queries and

graphing resulting in enhanced analysis to optimize

business performance. Working knowledge of MS Access, MS

Word, MS PowerPoint, MS Outlook, Macola ERP, Best Fixed

assets and Hyperion Financial Reporting. Past LAN

Administrator for Novell 3.12/Windows NT 4.0 LAN.

Implemented Hyperion Micro Control client server based

financial reporting system. Administered Macola 6.0 LAN

based integrated accounting/manufacturing system.

Implemented and tested system upgrades ensuring attainment

of system objectives and operational efficiencies in a

controlled environment

EDUCATION: University of New Haven, January 1980, B.S. Financial

Accounting; QPR 3.15.

University of New Haven, January 1987, MBA Finance, QPR

3.33.

Six Sigma Specialist, 2009

Earned Value Management Systems I & II, 2009

ASSOCIATIONS: Member of the Institute of Management Accountants

Member of Connecticut Society of Certified Public

Accountants

Member of the American Institute of Certified Public

Accountants

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