M. LYNN NORSWORTHY, CPA

Centennial, CO *****

(Home) 303-***-**** . abmwvb@r.postjobfree.com

SENIOR FINANCE PROFESSIONAL

More than 20 years of senior-level finance and accounting experience in

prominent institutions and companies. Expert qualifications in analysis,

advocacy, financial modeling, and forecasting. Equally strong in team

leadership, communication, and presentation skills. Characterized as

tolerant of change and adaptable to a variety of environments, business

sizes, and responsibilities.

Delivers extensive cost savings by creating systems, structures, and

processes that reduce exposure, protect assets, and improve operational

efficiency in financial reporting and compliance monitoring.

Budget Forecasting . Cost / Benefit Analysis . Financial Analysis .

Presentations

Business Analysis . Policy / Advocacy . Expert Witness / Advocate .

Communications . SOX

Regulatory Compliance . Training & Development . Strategic Planning .

Project Management

PROFESSIONAL EXPERIENCE

QWEST CORPORATION (formerly U S WEST) - Denver, CO 1987-2009

$13.4B telecommunications company; 35,000 employees.

Lead Finance / Business Analyst . Finance Manager . Regulatory Finance

Director

(2003-2009)

Drove regulatory compliance for multiple states to optimize revenue

results. Charged with preventing revenue reductions from regulatory

actions by serving as financial regulatory advocate and witness.

Recognized as 50-state universal service expert, having gained profound

understanding of each state's programs and their effects on revenues and

expenses. Guided up to 5 manager-level direct reports and mentored

upcoming advocate. Created $300M budget for compliance payments.

. Tackled complex project requiring analysis of federal universal

service receipts and other credits on customer bills for 10-year

period, as ordered by Wyoming Public Service Commission. Created

schedule of receipts and credits for analysis by outside CPA firm.

. Teamed with procurement manager to create RFP and select

firm, managing 10-week engagement that verified company's

appropriate accumulation of federal support.

. Report resulted in safeguarding $6M of the company's cash

flow.

. Recognized by New Mexico Public Service Commission staff as most

credible and understandable witness in a rate/service quality case

with $255M at risk. Company achieved agreement for investment

program instead of customer refunds or permanent rate reductions.

. Led and refined lengthy project to close up to $5M annual cash

flow gap between universal service charges billed to customers and

charges due the FCC by steering team to adjust billing codes in

the revenue system and to rewrite revenue allocation algorithm to

accurately process 1B monthly transactions.

. Developed Sarbanes-Oxley internal control and process

documentation for federal universal service reporting

requirements. Identified critical control points for cash

disbursements, adjusted desktop procedures to ensure SOX

compliance, and tested reports and payments to deliver proper

payments of $250M annually.

. Accomplished challenge to incorporate production of 1,200

regulatory reports into 24-member group already producing 400

reports annually. Developed process to assign reports and

streamlined production, resulting in 99% accuracy and timeliness

and prevention of $750K in annual penalties and interest payments.

M. LYNN NORSWORTHY - Page 2 of 2 (home) 303-***-**** .

abmwvb@r.postjobfree.com

QWEST CORPORATION (continued)

Staff Manager (1996-2003)

Delivered strategic planning and financial documents as #2 financial

interface between company and regulators in Colorado, New Mexico, and

Wyoming, where Qwest's respective annual revenues were $2B, $500M, and

$200M. Supported director with revenue requirements and preparing for

advocacy efforts including authoring or editing pre-filed testimony and

responding to data requests.

. Implemented billing and reporting for state universal service

programs in Colorado and Wyoming, creating procedural rules to

match laws and regulations for each state.

. Succeeded in expanding 5 local calling areas stemming from expert

witness testimony in Colorado. Analyzed revenue requirement and

presented recommendation to change local calling rate to replace

lost long-distance revenue.

. Protected corporate revenues at a hearing by developing a

compelling strategy with legal and policy departments. Defended

company's inability to fully invest $750M in New Mexico

infrastructure over 5 years because of economic and competitive

factors.

. Contributed to settlement of New Mexico rate case by generating

revenue requirement and developing pre-filed testimony for primary

advocate.

EARLY CAREER

QWEST / U S WEST COMMUNICATIONS, INC. - Denver, CO

Lead Analyst, Public Policy and Strategic Planning (1991-1996)

. Long range financial planning; regulated revenues and selected

expenses

. Rating agency and Wall Street analyst presentation materials

Manager I, Regulatory Finance (1987-1991)

. Revenue requirements

. Response to data requests

THE N R G COMPANY - Billings, MT

Full Charge Accountant

MCGLADREY HENDRICKSON & CO, CPAs - Billings, MT

Tax Season Accountant (Seasonal part-time, individual returns with

natural resource components)

ROCKY MOUNTAIN COLLEGE - Billings, MT

Assistant Professor of Accounting

PROFESSIONAL PROFILE

EDUCATION

MS in Finance, summa cum laude, UNIVERSITY OF COLORADO - Denver, CO

MBA in Management, summa cum laude, UNIVERSITY OF COLORADO - Denver, CO

B.A. in Management Science, magna cum laude, DUKE UNIVERSITY - Durham, NC

AFFILIATIONS

Beta Gamma Sigma, Business Honorary Society (2000-2002)

Colorado Society of Certified Public Accountants, current member

Montana Society of Certified Public Accountants, past member

CERTIFICATIONS

Colorado Certified Public Accountant (current)

Myers-Briggs Type Indicator Administrator/Facilitator (earned in 2006)

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