Accounting Manager

MICHAEL A. REICHMAN, CPA, CMA, MBA

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

Ossining, New York 10562

Phone: 914-***-****

E-mail: *************@***.***

EXECUTIVE PROFILE

Senior Financial Executive with extensive experience in vibrant commercial, public and non-profit environments. Strong communicator with outstanding problem solving skills and the ability to multi-task, develop staff, and improve processes and procedures in a rapidly changing environment. Self-motivator and collaborative team player. Areas of expertise include:

Financial Planning & Analysis

Operational Reviews

Re-engineering of Accounting Processes

Auditing

All Aspects of Corporate Accounting

Tax Preparation and Review

Systems Implementations

Financial Reporting

Project Management

Budgeting and Forecasting

Employee Benefits

Cost Containment

Due Diligence

Risk Management

Mergers and Acquisitions

Training and Development

PROFESSIONAL EXPERIENCE

Teaching Experience

High School for Contemporary Arts – City of New York Department of Ed-Bronx, N.Y.2004- Present

Classes Taught: Math A Terms 1-3, Math B Terms 1 and 2, Computer Math, Problem Solving,

Algebra I, Geometry, Algebra II/Trig, Common Core PreCalculus

Significant Accomplishments:

Achieved 90% success rate on Math A Regents for freshmen taking exam ahead of schedule

Implemented student intervention program for students academically behind.

Directed Math inquiry team to collect data and analyze student data.

Walton High School – City of New York Department of Ed. – Math A – Bronx, N.Y – 2003

NYC Teaching Fellow-Summer School Cooperating Teacher - JFK High School – Bronx, N.Y. 2003

Substitute Teacher – All Subjects – Yorktown School District – Yorktown, New York – 2002

Substitute Teacher – All Subjects – Hendrick Hudson School District – Montrose, New York –2002

Special skills: TI-83 plus graphing calculator, Broad knowledge of Accounting, Taxes & Finance, Team Teaching with Other Academic and Special Education Teachers

Data Specialist on Datacation software

Michael A. Reichman CPA, CMA, MBA – Ossining, New York

Financial Consultant 2001 – 2003

Project driven work responsibilities in the arena of financial planning, employee benefits, corporate and individual taxation, auditing, account reconciliation, expense review, training and development. Clients include: not-for-profit corporations, local CPA firms and small businesses.

Verizon Corporation, Telesector Resources Group, NYC 1986 – 2000

Manager, Financial Planning & Analysis (6/96 – 12/00)

Reviewed and consolidated departmental expense budgets in excess of $550 million.

Analyzed and made recommendations on approval of General Business Incentive Salary Plans to senior management. Formulated metrics to provide performance measures.

Consolidated Finance management reporting from two different systems to PeopleSoft.

Prepared first Combined Post Merger View of Telecom Finance organization budget versus actual results.

Analyzed five core departmental organizations with spending levels in excess of $1.2 billion. Successfully implemented and distributed across-the-board budget cuts effecting baseline budgets and strategic projects.

Staff Director, Corporate Accounting (10/92 – 5/96)

Converted to client-server general ledger package from mainframe environment. Earned special recognition award and nominated for corporate quality award for successful conversion.

Re-engineered existing accounting processes achieving operating efficiencies in accordance with best practices. Designed an accounting system to track and bill expenses by trust account for Asset Management Subsidiary.

Supervised all accounting and internal financial reporting of parent company and eight affiliates, including international, financing, asset management subsidiaries as well as a non-profit foundation.

Assumed full accountability for the accuracy and integrity of highly technical transactions, which included derivative transactions, foreign currency loans, leveraged ESOP, stock options, and senior management awards.

Determined, recommended, and implemented the appropriate accounting treatment for new FASB pronouncements.

Directed non-cash advance process funding affiliate operating costs and settled inter-affiliate charges.

Supervised the accounting, billing, and payment of intercompany invoicing.

Staff Director, Financial Planning & Reporting (07/88 – 09/92)

Designed and implemented forecasting model for corporate wide financing requirements. Converted to one system for actual and budget consolidation utilizing client server financial software. Received corporate quality performance award. Responsibilities included:

Consolidating budgets of up to 20 subsidiaries.

Analysis of monthly results vs. prior year and vs. budget.

Development, modification and maintenance of management reports.

Preparation of parent company budgeted financial statements.

Derivation of corporate financing requirements for budgets and long range plans.

Michael A. Reichman Page Two

Verizon Accomplishments, continued…

Staff Manager, New Ventures (1986 – 1988)

Effectively communicated due diligence findings to senior management enhancing the company’s negotiating position. Part of due diligence team that successfully closed six acquisitions.

Research acquisition issues related to purchase and “pooling” accounting.

Issuance of acquisition reports outlining problems, concerns and solutions.

Review of journal entries recording acquisition transactions.

Preparation of SEC required reports/letters associated with acquisitions.

PUBLIC ACCOUNTING

Eletto & Santella Associates – Elmsford, New York 2002 - 2003

Zbar & Leung CPA’s – New City, New York 2003

David W. Brown CPA – Briarcliff Manor, New York 2002-2006

Bill L. Carbonari CPA -White Plains, New York 2001

Carl S. Marcus CPA - Yorktown, New York 2001

Andrea Spector CPA - Nanuet, New York 2001

Brout & Company, Florham Park, NJ 1984 – 1986

Accounting Supervisor

Directed CPA firm’s first audit of a major municipality. Presented audit report and audit findings at a City Council meeting. Responsibilities included:

Planning, supervision and administration of concurrent audit and review engagements.

Evaluating the adequacy of internal controls and accounting practices and the extent of compliance with such established accounting policies.

Developed and implemented innovative audit approaches and techniques to reduce audit time and improve efficiency.

Prepared corporate and fiduciary tax returns.

Bennett, Kielson and Company, New Rochelle, NY 1980 – 1983

Senior Accountant (Promoted 1981)

Prepared corporate, partnership, and individual tax returns. Performed fieldwork associated with audit and review engagements. Full- service responsibility for smaller clients, including bookkeeping, payroll and sales tax returns. Internal control assessments including the composition of management letters detailing specific recommendations on improving internal controls.

EDUCATION

M. S. Math Education Grades 7-12 – Lehman college – Bronx, N.Y - May 2007

M.B.A., Finance. Pace University, White Plains, NY – Jan 1996

B.B.A., Accounting. Bernard M. Baruch College, New York, NY- Jan. 1980

LICENSES AND CERTIFICATES

Certified Management Accountant, 1996. Certified Public Accountant – New York State, 1983.

NYS Permanent Certification in Mathematics (7-12) – September 2007

AFFILIATIONS

American Institute of Certified Public Accountants

Institute of Certified Management Accountants

Financial Executives Networking Group

SOFTWARE PACKAGES

Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Microsoft Access, Hyperion, Dun & Bradstreet Smartstream, Peoplesoft, FMS Budgeting System, Lotus 1-2-3, Lotus Notes, Prosystems F/X, MIP Not for Profit Series, Ultratax, Creative Solutions

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