Accounting Manager

FREDERICK S. KARWACKI CPA, CIA

Residence 248-***-****

***** ******* **** 248-***-****

Beverly Hills, MI 48025 Email: abmcyd@r.postjobfree.com

SUMMARY

Successful financial executive with a track record in corporate finance,

international operations, restructuring, acquisitions, mergers and related

integration, process and system development, cash management and vendor and

lease negotiations. Proven abilities with control development (including

Sarbanes Oxley and COSO), internal auditing and evaluation, vendor audit

and recovery, security investigations, litigation support, bankruptcy

support and computer system selection and implementation. Skills and

experience include:

SEC reporting, security Cost reduction initiatives

registrations

International Cash management, foreign exchange

accounting/consolidations

Sales and leasebacks Vendor cost recovery

Acquisitions Process development

Manufacturing, utility, and Financial systems selection,

service industry accounting development, and installation

PROFESSIONAL EXPERIENCE

Consulting (independent and through agencies)

2010

. Assisted General Motors Company SEC Reporting Group with the preparation

Forms 10-K and 10-Q

. Performed an organizational / staffing review of a portfolio company for

Greenfield Capital Partners

Strategic Staffing Solutions, Detroit, MI

2007 - 2010

A privately-owned information technology staffing company with US and

European operations

Corporate Controller

. Managed accounting, client billing and back-room activities

. Responsible for owner, investor and tax reporting

. Performed bank loan covenant reporting and daily cash management

Covansys Corporation, Farmington Hills, MI

2004 - 2007

A publicly traded, global information technology services firm.

Senior Director of Financial Reporting and Assistant Controller

. Responsible for restatement of five years of financial statements.

. Assisted with SOX coordination and remediation

. Managed internal and external (SEC) reporting and coordinated with Indian

operations

Frederick Karwacki LLC, Beverly Hills, Michigan 2003 - 2004

An independent financial consultant specializing in reporting, control, and

accounting systems

Managed Sarbanes Oxley compliance certification work at two, Tier 1

automotive suppliers and public utility.

Alix Partners, LLC, Birmingham, Michigan 2003

An international work-out and turn-around firm assisting financially

troubled companies.

Contract Consultant

Managed the fresh start accounting process for a $2 billion, international,

Tier 1, automotive supplier, that includes obtaining and evaluating

appraisal proposals, planning and managing valuations of tangible and

intangible assets, allocating reorganization value to business units, and

preparing fresh start accounting financial statements and related

disclosures for emergence from bankruptcy proceedings.

MSX International, Inc., Southfield, Michigan

1997 - 2003

A leading global provider of technology driven engineering, business and

specialized staffing services

Corporate Controller 2001-2003

Director - Finance and Reporting 1997-2000

Frederick S. Karwacki CPA, CIA Page 2

Managed reporting, period end cash and forecasts, sale and leasebacks,

covenant compliance calculations, lender / investor reporting, corporate

accounting, accounts receivable, credit, payroll, and accounts payable.

Supervised 26 person department

. Established and managed SEC reporting function due to issuance of

publicly traded debt

. Created global reporting and accounting processes, coordinating with

domestic and foreign controllers for operations in 26 countries

. Led the acquisition integration activity for all North American

acquisitions

. Consolidated existing and acquired accounting operations into a standard

global accounting system

. Developed corporate accounting department after spin-off from parent and

standardized monthly activities

. Negotiated facility lease settlement from vendor adding $180,000 to the

bottom line

. Led negotiation team in $1.6M sale and leaseback negotiations

. Consolidated multiple accounts payable locations which reduced costs

. Reduced accounting area headcount by nine persons

The Detroit Edison Company, Detroit, Michigan 1985 - 1997

A $7.8 billion electric and gas utility serving Southeastern Michigan

General Auditor 1988-1997

. Developed and implemented audit plan for parent and subsidiaries

. Funded department budget through vendor and internal cost recoveries

. Supervised 35 person department

. Planned and managed COSO controls compliance reviews

Manager - Financial Systems Development

1994-1995

Led team which defined financial reporting requirements and selected vendor

for replacement general ledger, reporting, and budget systems. Responsible

for implementation, training and system rollout.

Acting Controller

1994

Assistant General Auditor 1987-1988

Manager - Fuel and Disbursement Audit 1986-1987

Senior Auditor 1985-1986

U.S. Mutual Financial Corporation, Detroit, Michigan

1984 - 1985

A $350 million savings and loan, mortgage originator and service provider,

developer and syndicator

Controller, U.S. Mutual Mortgage Company

. Established accounting department

. Developed financial and operational reporting systems

. Managed investment of daily excess cash

PriceWaterhouseCoopers, Detroit, Michigan

1970 - 1984

Big 4 accounting firm

Consultant

1983-1984

Financial systems implementation and litigation and bankruptcy support

Auditor

1970-1982

Included SEC, acquisition, syndication and modeling / forecasting work

U.S. Army

1970 - 1972

EDUCATION

BSBA in Accounting Michigan Technological University

CERTIFICATIONS

Certified Public Accountant Certified Internal Auditor

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