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Manager Accounting

Location:
Coventry, Connecticut, United States
Posted:
November 23, 2018

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Resume:

Grace M. Austin, CPA

ac7ryh@r.postjobfree.com or 203-***-****

SUMMARY OF QUALIFICATIONS

Results driven senior level executive with CFO experience in public and private sectors, business leadership and development, and financial and operational reporting.

Developed and implemented corporate governance in accordance with Sarbanes-Oxley Act.

Current on technical accounting pronouncements and Securities and Exchange Commission reporting.

Recognized for consistent success in developing and recommending streamlined processes, revenue generation, and cost containment leading to growth in enterprise value.

PROFESSIONAL EXPERIENCE

Vice President of Finance & HR, Microboard Processing, Inc., Seymour, CT 2016 to 2018

Handled dual responsibilities as VP of Finance and HR through August 2017 reporting directly to CEO. Managed staff for both HR and Finance functions.

Monitors the financial and operational activities of entire organization including Finance and Budgeting, Supply Chain, Inventory Control, Production and Revenue Management.

Revamped the Finance and HR departments by right-sizing the functions, obtaining material cost savings from renegotiation and rationalizing expense base that were cost effective, yet increased the productivity and self-confidence; and reduced monthly expense burn rate by $70,000.

Undertook comprehensive debt restructuring which led to interest cost savings over $500,000.

Successful renegotiation of line of credit renewals with increased availability and no commitment fees.

Managed and implemented major upgrade of Infor ERP system.

Achieved balance sheet creditability through developing and maintaining system of internal accounting control (COSO framework) and conformity to US GAAP resulting clean audit opinions and financial reporting accountability and transparency.

Implemented key HR metrics and analytics; introduced HR dashboard; implement new employee policies.

Implemented employee 401(k) education sessions and updated investment advisor/ investment fund selections.

Director of Finance, Cornell Scott – Hill Health Corporation, New Haven, CT 2015 to 2015

Interim Director of Finance (reported to CEO) 2012 to 2015

Controller 2011 to 2012

Partnered with CEO and Senior Executive Management team.

Handled dual responsibilities as acting CFO and Controller managing financial function while overseeing business growth and implementing financial turnaround scheme for the organization.

Developed and implemented a financial recovery plan to overturn the center’s tough financial situation; this included right-sizing, material cost savings from renegotiation capturing $180,000 in monthly costs savings.

Undertook comprehensive cash management review that lead to an emergent bankruptcy quick turnaround.

Successfully renegotiated line of credit renewal and forbearance agreement due to several bond covenant violations.

Introduced structure and process improvements to functional areas of treasury, cash & banking, inventory control, revenue billing, risk management & insurance, accounts payable, grant accounting, budgeting and financial reporting.

Developed and enhanced monthly and annual reporting to Management and Finance Committee for better transparency.

Revamped the financial accounting to conform to US GAAP which led to numerous corrections and remediation of errors identified in the financial records and/or internal control deficiencies.

Grace Austin Accounting & Tax Services, LLC

Independent Consultant, Fairfield County 2005 to 2011

Senior Financial Reporting Manager

Sempra Energy Trading Corp., Stamford, CT 2005 to 2008

Consolidated approximately 50 wholly-owned domestic and foreign subsidiaries of a billion dollar commodities company, and a subsidiary of a Fortune 500 company, Sempra Energy.

Assisted in the preparation of SEC financial reporting and compliance function including preparation of Form 10-Ks and 10-Qs and Sarbanes-Oxley certifications.

Prepared consolidations and quarterly and annual reports of domestic and foreign corporations in US GAAP and International Accounting Standards.

Prepared quarterly and financial covenant calculations for bank financing and cash flow modeling.

Assistant Controller & Accounting Compliance Manager (Acquired by I-STAR Financial)

Falcon Financial Investment Trust, Stamford, CT 2004 to 2005

Managed general accounting, SEC financial reporting and compliance function including preparation of Form 10-Ks, 10-Qs and 8-Ks and Sarbanes-Oxley certifications.

Created monthly analysis of variances to corporate budget.

Facilitated relevant financial and operational data to senior management and board and audit committees.

Maintained Sarbanes-Oxley and corporate governance charters and policies for audit and compliance committees.

Managed the day to day operations of accounting department including review and supervision of two personnel.

Managed daily cash flow to ensure proper availability of working capital.

Maintained accounting control of bank financing and debt compliance.

Director of Internal Audit (Partnered with the Outsourcing of IA)

World Wrestling Entertainment, Inc., Stamford, CT 2003 to 2004

Instituted and managed the internal audit start-up function, reporting directly to the audit committee.

Played key role in developing Sarbanes-Oxley 404 implementation plan and lead compliance efforts.

Reviewed annual reports, SEC filings, and supported Sarbanes-Oxley processes.

Developed and oversight of corporate governance charters, policies and procedures in establishing effective and good corporate governance for audit and compliance committees and internal audit.

Designed and implemented the company’s department-wide approval authority guidelines.

Developed and instituted a centralized purchasing function including competitive bidding procedures. Brought costs under control which resulted in cost savings up to 60%.

Boosted effectiveness of marketing strategies of pay-per-view business which led to increased buys.

Analyzed policies and processes, interviewed management teams, and identified areas of duplicated effort or inefficient processes. Prepared final reports with recommendations.

Reported directly to CFO performing special projects as they arose. Focused on corporate cost structure, operating practices and corporate governance.

Audit Manager

PricewaterhouseCoopers LLP, Stamford, CT 1993 to 2003

Planned, supervised and participated in financial statement and internal control audits of public and privately-held companies. Industries included consumer products, retail, manufacturing, telecommunications, healthcare, transportation and other services industries.

Prepared and audited annual reports, internal control recommendation reports, comfort letters and Securities and Exchange Commission filings (i.e. 10-K, 10-Q, S-1 (IPOs) and S-3).

Researched industry issues applying FASB, GAAS and US GAAP standards, IAS, UK GAAP, German GAAP and GASB.

Participated in comprehensive business and operating due diligence reviews requiring financial analysis of target company.

Supervised, coached and evaluated large teams on multinational engagements.

Managed, planned and supervised the due diligence, acquisition and integration of a $9 billion international transportation services company which included:

Coordination of domestic and international audits

Consolidated financial statements preparation in accordance with US GAAP

Conversion of domestic financial statements to IAS

Achieved a $23MM savings, by assisting the company in a major restructuring project.

Managed the audit, planned and supervised a $300 million services client which emerged from bankruptcy and assisted in the implementation of fresh start accounting.

Participated in due diligence audits requiring financial analysis of target company for potential buyer of sales and services telecommunications client, including completing the audits for a three year, first time through engagement, ensuring the financial statements were in compliance with GAAP and fully implementing a firm wide, computerized audit process.

EDUCATION

Bachelor of Science, Accounting

University of Connecticut, Storrs, CT

VOLUNTEER SERVICES

Christian Heritage School

New Life Christian Fellowship

Former Audit Chair, Booker T Washington Academy



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