Accounts Payable Sales

*** **** ****

Stamford, CT ***** Phone 203-***-****

e-mail:*************@*****.*** Lillian B. Tropea

Professional

Summary Business Leader, Financial Operations, responsible

for managing an effective accounts payable and T&E

operation of $4 billion.

Managed tax compliance saving company over $6

million.

Maintained strong controls environment.

Led a team of 10 people.

Led several AP and T&E initiatives to reduce

processing costs by 66% and increase efficiency.

Led IT initiatives to increase throughput and

reduce processing costs.

Led supplier negotiations that saved $7 million by

negotiating payment terms and use of commercial

card products.

Proficient in a number of technologies and systems.

Professional 2001 - Present MasterCard International, Inc.

Experience Purchase, NY

Business Leader (Vice President), Financial

Operations

Processes and Systems Accomplishments:

Designed and implemented automated online expense

reporting system to reduce manual processes and

ensure compliance with corporate policies and tax

compliance.

Designed and implemented imaging system to

streamline processes in Accounts Payable by

substantially reducing data entry and associated

overhead costs, while providing access to document

images to all authorized users worldwide.

Eliminated filing and physical storage costs.

Managed cash disbursements, including foreign

transactions, and negotiated early payment

discounts with suppliers resulting in over $2

million in earned discounts per year.

Created monthly financial metrics package for

senior management to monitor productivity, costs

per transaction, discounts earned and lost, volume

of payments by type, etc.

Eliminated most paper based payments by increasing

electronic payments and implementing other programs

designed to eliminate checks.

Organizational Effectiveness Accomplishments:

Centralized financial operations into one location

to streamline operations and improve efficiency by

over 50%.

Developed, piloted, and implemented MasterCard

commercial products internally, and worked with

customers to provide implementation guidance and

reference information to support their installation

of these products in their businesses.

Worked with all levels of management and external

customers and suppliers.

Participated in speaking engagements related to

MasterCard commercial products.

Compliance Accomplishments:

Negotiated and settled abandoned property audits

with various states amounting to net gains for

MasterCard of over $6 million.

Negotiated and successfully settled IRS worker

classification audit resulting in no penalties or

fees.

Governance Accomplishments:

Created and implemented corporate policies related

to Accounts Payable, Travel & Entertainment, Code

of Conduct, and Philanthropy.

Strengthened internal controls in all areas of

responsibility to support SOX 404 compliance and

subsequent IPO for MasterCard Incorporated.

Received strong ratings from internal auditors in

areas of responsibility.

1996 - 2001 Circon Corporation Stamford, CT

Director of Budgets and Financial Operations

Accomplishments:

Responsible for developing the budgeting process

and coordinating financial reviews and analysis for

this $250 million medical products company.

Provided analysis and support used in the strategic

acquisition of companies and their smooth

integration into the company.

Performed system conversion of new ERP systems for

Accounts Payable, Payroll, and General Ledger

functions.

Successfully defended company in sales and use tax

audit resulting in minimal liability to the

company.

Managed Accounts Payable, Payroll, Accounts

Receivable, Operating Budget, Sales Compensation.

1984 - 1996 Circon Corporation Stamford, CT

Various positions of increasing responsibility

within finance

Education University of Connecticut, BA Liberal Arts, Summa

Computer Skills Cum Laude; Additional 12 Accounting Credits

Proficient in Microsoft Office, Oracle, JP Morgan

Chase Insights, ADP, Ceridian, CitiDirect Foreign

Currency Management, iExpense (T& E Tool)

Languages Fluent in Italian, basic French

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