ROSE ANN FORNARIO, CPA
A committed accountant and financial professional with over twenty years experience in the defense and aerospace industries. - Capabilities include strong analytical, problem solving, and reporting skills. - Extensive experience with Costpoint and government contracting. - Familiar with GAAP and FAR. Works effectively as a team member and independently.
FM Talent Source – (present) – temporary placement agency
Cost Audit Tracker – Review submissions from contractors such as incurred cost, disclosure statements, provisional rates, etc. to determine adequacy. Maintain schedule of open audits noting status and hours expended.
Compunnel Software Group – (2016) temporary placement agency
General ledger accounting and reconciliations
Spectrum Financial Services – (2016) temporary placement agency
Incurred cost submission and audit support
ASRC FEDERAL HOLDING COMPANY, Beltsville MD
Sr. Financial Analyst (2010 - 2015)
Prepare provisional rate and incurred cost submissions for 14 subsidiaries in three operating groups of ASRC Federal Holding
Reconcile costs of 14 trial balances to the bases of 57 indirect rate pools
Review up to 500 contracts and segregate by contract type (T&M, Cost Type, FP, etc) for presentation on the cost submission as required by DCAA
Monitor project costs to ensure proper rate calculations and applications to contracts
Respond to DCAA requests related to indirect rate structure, variances
between costs claimed and billed, and other concerns as appropriate
Provide additional analyses and support to DCAA for incurred costs and current transactions as requested
Assist in contract close-outs with analysis of total cost incurred, allowed, billed, and received
ATK, INC. SPACE SYSTEMS DIVISION, Beltsville, MD (formally Swales Aerospace)
Sr. Financial Analyst (2007-2009)
Responsible for accuracy of final balance sheet of Swales Aerospace, ensuring proper valuation of goodwill. (acquired by ATK June 2007).
Ensured correct calculation of Beltsville site (Swales) net income and rate calculations. - Indentified and corrected errors resulting from the transition to a consolidated data base which distorted net income by over one million dollars.
Managed the Space Division Home Office G&A (based in Beltsville). Monitored the G&A of multiple sites within the division. - Standardized the application of corporate, group, and home division allocations to the sites, ensuring consistent application of a predetermined formula.
Developed variance reports and determined cause of variances, enabling management to make informed decisions.
SWALES AEROSPACE, Beltsville, MD
Responsibilities included indirect rate calculation, maintenance of cost pools and base, variance analysis, revenue recognition, and financial statements. Ensured compliance with GAAP and FAR.
Key member on conversion team from Deltek System 1 to Costpoint.
Point of contact for DCAA and other audits.
Accounting Manager (1992-1999)
Directed and participated in accounts payable, payroll, billings, and accounts receivable.
Implemented changes in accounting procedures to accommodate rapid growth from fewer than 300 employees ($30,000,000 revenue) to over 900 employees ($200,000,000 revenue).
Prepared DCAA cost submissions.
Masters of Administrative Science, Concentration in Finance,
Johns Hopkins University
Bachelor of Arts in Economics, minor in Accounting,
University of Maryland