KATHY NORELL

Recently relocated to the Minneapolis/St. Paul metro area • 612-***-**** • ac187g@r.postjobfree.com

MANAGER OF ACCOUNTS PAYABLE & ACCOUNTS RECEIVABLE / ERP (ORACLE) FINANCIALS IMPLEMENTATION SPECIALIST

Achieving exemplary results throughout a dynamic career working with

domestic and international clients in the

oil and gas, manufacturing, distribution, automotive and hightech industries

A true change agent, innovative and collaborative, with proven experience to help deliver best in class strategic and operational results

Coordinated, directed and led all phases of AP and AR, earning accolades as a valued resource and accomplished advisor to senior and executive management and collaborative cross-functional teams, I am as comfortable leading as I am as an individual contributor, having good working knowledge of the processes and functional steps

Enterprising and well-respected professional who has been recruited based on technology expertise, promoting diverse ideas and providing innovative and effective “out of the box” solutions to strategically and tactically lead full implementations and extensive upgrades including interfaces to multiple bolt-on and best of breed systems and utility applications

Created solid AP & AR infrastructures as a change management specialist and practitioner by implementing processes to protect company assets and developing Shared Services model

Effective project management experience as both leader and participant in the planning, map/gap, design, implementation and tracking of project initiatives with an identified scope and specific deliverables for finance and accounting

Conceptual thinker and visionary problem solver with a proven record of success overcoming daunting obstacles; addressing constant challenges within rapidly growing and evolving corporations; overhauling ineffective methods; orchestrating major change and improving productivity; enhancing corporate image; improving client relations; creating, streamlining and maintaining accurate, robust and efficient business processes; installing superior controls; reducing write-offs; improving cash flow and cash utilization increasing profit

Building self-sustaining and loyal teams with high morale by offering coaching and mentoring to take staff to the next level

Develops, implements and maintains systems, procedures and policies, including AP and AR functions to ensure adherence to company guidelines, Sarbanes-Oxley, data management and historical records

CORE COMPETENCIES

Full Cycle Payable and Receivable subledgers Customer/Vendor Relationship Expertise

IT Implementation (Oracle and System Interfaces) Champion of the Shared Service Model

Financial and Business Planning and Budgeting Asset Acquisition and Merger Leadership

Process Engineering / Process Improvement Analyzing Aging, Trial Balance and Deduction Balances

Project Management, Staff Recruitment and Retention, Coaching and Development

Building & Facilitating Cross Functional Teams Translation of Business Requirements into Effective Solutions

Document Proposed Solutions Recommendations Providing Support and Training to Users

Formulating New Policies, Practices, Procedures Developing Functional Specifications Documentation

Establishing & Monitoring Credit Limits Superpower collections results

CAREER PATH

Served in 3 consulting roles providing process improvement guidance 2016-2017 (Contract)

QUORUM BUSINESS SOLUTIONS INC – Houston, TX 2015 to 2016

Quorum makes innovative software for hydrocarbon and energy business management advancing the industry with a platform of integrated solutions proven to drive customer profit throughout the energy value chain.

Build, Testing & Release Manager

Evaluate potential changes to new software version to improve acceptance, installation and deployment

Submit required build and migration service tickets to have proper versions built and tested them

Performed cost feasibility analytics to determine when conditions were financially favorable and there was appropriate client requirement to schedule new Core builds

ROSETTA RESOURCES OPERATING LP – Houston, TX 2012 to 2015

3+ billion E & P publicly traded company engaged in the exploration, development and exploitation of onshore energy resources in the US. Rosetta is a leading producer in the Eagle Ford Shale in South Texas, one of the nation's largest unconventional resource plays, and holds a large oil-weighted position in the Permian Basin in West Texas.

Manager, Accounts Payable & Quorum ERP Implementation Core Team

Provided oversight, direction and guidance on all Accounts Payable functions for team of 15, 10,000+ invoices monthly

Overhauled the vendor master adding key procurement fields, eliminated duplication and built in consistency, inactivated suppliers with no recent history, obtained fresh W-9s and made key changes for improved 1099 filing saving a great deal of money on B notices and other penalties/interest.

Developed an automated review of all property tax invoices that resulted in cost savings of having them reviewed by a 3rd party for accuracy, increased scrutiny to pay correct amount and tickler system to pay at the right time to recognize cash discounts and avoid penalties/interest saving over $100,000 annually

After observation of manual processes, prepared for complete automation including vetting vendors, system design and full implementation of scanning invoices resulting in metadata interface to workflow tool, rebuilt approval limit matrix for more dynamic invoice review and approval process, developed a good deal of default expense coding and results proven escalation to get invoices through the process timely, with exceptions easy to identify, payments were automated from check to virtual credit or ACH, resulting in a number of improvements including:

o> than 95% invoices were automated and controls for approvals massively improved

oAlong with procurement, AP participated in the negotiation of vendor early pay discounts and effectively earned over $2 million per year

oEarned over $1 million in revenue share on the virtual credit card merchant fees and saved over $250,000 annually in bank fees switching to ACH from checks and eliminated escheatment efforts

oImproved technology safe guards reduced SOX controls from 23 to 4, greatly reducing the audit effort and costs

oDeveloped KPI and metrics reporting that provided thorough information for business decision makes on managing vendors, terms & conditions and contract negotiations

Played key role in design and development of Quorum, a new ERP, with primary focus on AP and Cost accounting functions

FRIEDKIN COMPANIES INC. – Houston, TX 2008 to 2012

Privately held company formed as a Shared Service arm. Gulf States Toyota distributes Toyota cars and trucks to automotive dealers throughout a 5-state region. Other diverse affiliated business units include; automotive marketing, automotive trucking, vehicle service warranty and GAP insurance policies, Toyota Rental, and other automotive services.

Manager AR, promoted to Manager AP & AR – Corporate Office – Shared Services

Recruited to implement and develop the Oracle AR & AP modules for improved automation and to other systems used by Shared Services and the business units resulting in many improvements including:

o15% FTE reduction in staff

oEliminated wasted time on manual processes that equates to 4 FTEs, time redeployed on more value add tasks

oResult of P2P automation included over 75% of supplier invoices delivered as interface or through portal and dropped into interface

oAP disbursements were transitioned from checks to credit card (800+ active cards for all small dollar non-PO expenses resulting in a large revenue share on merchant services rebate) and ACH which massively reduced bank charges f

oAR established an automated draft to collect 80% of the receivable on the due date each month

oBuilt several different billing templates and upload capabilities and processes to better track and manage receivables

oOrganized a complete disaster recovery plan for AR & AP

Redesigned the month end process and created checklist to ensure proper reporting for all individual business units

Developed a collaborative cross-functional team recurring meeting to address concerns and opportunities for improvements

Documented full scope of department policies and desktop procedures

EPCO, INC. – Houston, Texas 2001 to 2008

$33 billion midstream energy company in North America that provides transportation, gathering, drilling, storage, processing, fractionation and import/export terminaling services for natural gas, natural gas liquids, crude oil, refined products, liquefied petroleum gases and petrochemical industries

Manager of AP & AR – Corporate Office – Shared Services

Provided front-line leadership to team of 75+ for quote to cash and procurement to payment functions, driving profitability, and strategically analyzing and managing the subledger departments as the company grew more than 200% through mergers and acquisitions over 8 years

Recruited to tactically and strategically lead Oracle rollout and implementation of AR, completed installation of billing, sales commissions matrix, cash management and applications, collections workbench and other AR accounting functionality

Reconciled and collected on over $200 million dollars of acquired receivables to boost profitability and reduce loss in purchase price agreements, bad debt write off performance beat all expectations over the years justifying a required reserve of less than .5% of sales on rolling 12 months which allowed for millions of dollars to move out of reserve above the line on the balance sheet, practically eliminated write-offs and created cash flow infusion allowing the company to pay cash when buying assets or pay down notes for promoting organic growth

Drafted some of the very first SOX procedures after the legislation was enacted with Deloitte assisting me in making them templates and examples for all other departments at EPCO and many other companies to use

Selected to take charge of accounts payables (AP) in 2006, orchestrated a complete reorganization of expense AP group, incorporated a Shared Service methodology and reduced the number of lost invoices, late payments and duplicate payments with billions of dollars at risk, DPO reduced from 70+ to 32

Led the design of e-commerce procurement to payment (P2P) solution resulting in numerous improvements including:

oEarned cash discounts saving exceeded $5 million per year, eliminating late fees

oSaved over $1 million annually in bank fees switching to ACH payments from checks, eliminated escheatment effort

oEarned over $5 million first year in rebate for shared revenue of merchant fees on credit card payments for all non-PO expenses <$5,000 with over 2500 active Pcard users and massively reducing small dollar invoice processing count (35% invoices fell in this category)

IKON OFFICE SOLUTIONS – Houston, Texas 2000 to 2001

Project Manager – Super User – Senior Oracle Business Process Analyst

MICROS SYSTEMS INC. – Columbia, Maryland 1998 to 2000

Credit and Collections Manager – Oracle Team Lead

GLOBE FURNITURE/FIRST SOURCE FURNITURE GROUP – Nashville, Tennessee 1995 to 1998

Credit Manager – Oracle Implementation Team Lead

TRAINING / AFFILIATIONS / EDUCATION

Oracle 11i - Boot Camps attended (AR, AP, Procurement, Reporting, Database Administration)

Oracle Application User Group (OAUG) – Active Member until 2012

University of Minnesota – Minneapolis, Minnesota – Bachelor of Arts Program (Business and Marketing)

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