Accounting Operations

Kenneth J. Fredericks, CPA

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

Mars, PA 16046

Home 724-***-**** Cell 412-***-****

***********@************.***

PROFESSIONAL SUMMARY

CPA with Big 4 experience. Work directly with CFO and VP of Finance on

various financial projects. Recent experience includes the centralization

and standardization of general ledger and student accounting services.

Experience with budgeting, planning and forecasting, including variance

analysis reporting. Managed the transition of all accounting processes

from former parent company to stand alone entity. Continuously analyze

business and accounting processes and develop improvements focused on

efficiencies and operational effectiveness.

PROFESSIONAL EXPERIENCE

Education Management Corporation (EDMC): $2.5 billion for-profit education

company, Pittsburgh, PA

VP Student Account Services, September 2011 to Present

. Oversee all student account services with the responsibility of ensuring

we meet regulatory compliance requirements while balancing operational

efficiencies.

. Centralized and standardized the billing and stipend process for 60

ground campuses and our online division. Currently developing a strategy

to complete the centralization of the remaining 40 ground campuses that

are on different student information system.

. Developed metrics and reports to drive operational efficiency and manage

spending relative to centralizing the student account operations for 100

campuses.

. Implemented a loan origination platform and servicing arrangement with an

outside vendor to provide students with an option to finance their student

debt, while actively managing AR risk.

. Responsible for reporting student Accounts Receivable to the Controller

and VP's of Finance for the various Educational Systems, and identifying

trends and monitor risks within the portfolio.

. Oversee the cash management for student accounts relative to drawing down

financial aid. Centralized and standardized the state grant function for

all campuses that covers 35 states.

. Developed a new student statement with a focus on compliance and legal

requirements, while making sure it is easy to understand for the student.

We developed a user interface that is centrally controlled and sent to a

third party vendor to produce and mail the student statements.

. Responsible for running the Student Account Governance Committee with the

task of prioritizing SIS enhancements, and ensure projects are completed

timely and accurately.

. Recently assumed responsibility for the EDMC Recovery Team. Developing a

strategy to maximize our first and third party collections using both

internal and external resources

VP & Assistant Controller, June 2009 to September 2011

. Oversee all general ledger accounting with the responsibility of

reporting the financial position of the company to the Controller.

. Centralized and standardize the month end close process for 100 ground

campuses and our online division, while reducing the close cycle by two

business days. Reduced the number of monthly journal entries by 50% (2186

to 1276).

. Implemented a process to effectively analyze the balance sheet and

earnings statement monthly. Developed a balance sheet variance analysis

and monthly income statement bridge that focuses on variances between

plan, prior periods and forecast, and presented to the Controller.

. Modified the Bad Debt reserve process to better identify the risks

associated with outstanding AR. Developed a data verification process for

our write-off risk validation, and automated the write-off process.

. Developed a standardized reconciliation process, including centralized

repository (RecWizard) and monitoring reports. Developed a risk based

review process that ensured all accounts were reconciled and all

reconciling items cleared timely. Developed scorecard reports related to

reconciliations not completed, aged reconciling items, and unidentified

differences.

. Developed a G/L Accounting Procedure Manual with a focus on standard

accounting processes and supporting documents

. Active participant on a Committee that developed and implemented a new

mentorship program. Developed both the mentor and mentee criteria.

Established criteria to match up the mentor/mentee and be a sounding board

for any and all issues.

NORESCO: $250 million energy services company, Pittsburgh, PA

Controller, October 2003 to June 2009 (October 2003 to December 2005 with

Equitable Resources)

. Oversee all accounting operations with the responsibility of reporting

the financial position of the company to the CFO

. Co-manage the company's annual business plan, and five year strategic

plan. Report monthly variance analysis to plan and forecast, and analyze

monthly reports, with direct input from VP's of Construction, regarding

construction budget variances.

. Participated in due diligence process for company sale by populating data

room with requested financial information and attending interview

sessions with consultants and auditors of strategic and private equity

buyers

. Transitioned accounting department from former parent to stand alone

entity by establishing accounting processes, implementing key controls,

and providing direct support to the CFO. I managed the growth of the

department from 3 to 9 employees.

. Implemented the Deltek/Costpoint accounting software packages and

instituted new chart of accounts to streamline our business segments

financial results.

. Utilize Cognos for month end reporting and other requested reports for

management to analyze results that are used to manage the growth of the

business

. Manage the capital budget and prepare quarterly variance analysis that is

reported to the CFO.

. Manage the treasury function that includes daily/weekly cash flow

forecasting, overnight sweep investments, wiring payments and processing

checks electronically

. Manage the annual audit process including documenting the impact of newly

issued accounting pronouncements.

. Managed the team for calculating research and development credits that

resulted in tax savings of over $1MM in two years.

Equitable Energy: energy marketing division of Equitable Resources,

Pittsburgh, PA

Controller, March 2002 to October 2003

. Prepared detail budgets and quarterly forecasts. Presented budget and

forecast variance analysis to CFO and Corporate Controller.

. Managed adoption of FAS 133 and EITF 02-3, including all required SEC

disclosures.

. Managed implementation of FAS 133 software (INSSINC) used to account for

and report all company derivative activity.

. Monitored ineffectiveness of 432.6 Bcf of derivative commodity

instruments. Reported significant variances to Corporate Controller.

. Monitored daily position with brokers and initiated cash settlements when

required

. Supervised a department of 3, who maintained the general ledger, recorded

monthly journal entries and prepared all required reports for Corporate

Accounting.

. Managed implementation of commercial credit software (CMS) used for

managing the commercial credit portfolio.

Equitable Resources, Inc: $1.2 billion integrated energy company, with

emphasis on natural gas production and distribution, Pittsburgh, PA

Senior Financial Analyst, September 2000 to March 2002

. Responsible for working as liaison between Noresco business unit and

corporate

. Managed and/or assisted the team in preparing 10K and 10Q's.

. Co-managed preparing 2001 business plan and assisted with presentation to

the Board of Directors

. Prepared budget to actual reports by business unit and present to CFO

. Assisted with implementation of Cognos Finance, which was used for

financial statement and business plan consolidation

. Assisted with month end closing for Headquarters and consolidated all

business units for financial statement reporting

. Administered Cognos Finance which included adding accounts, monitoring

user security, adding new users and develop reports

Ernst & Young LLP, Pittsburgh, PA

Manager Assurance & Advisory Business Services, September 1994 to September

2000

Manage Financial Services audits for clients ranging from $7 billion to $50

million in total assets, including areas such as SEC and regulatory

financial reporting, mortgage banking, and student lending, with additional

experience in manufacturing and health care.

Analyze business processes and develop improvement opportunities focused on

operational effectiveness and enhanced control.

Prepare financial statements in accordance with reporting standards for

presentation to the client with value-added suggestions for improvement.

Consult with clients on Securities and Exchange Commission filings, merger

and acquisitions, accounting and disclosure issues, and other key business

initiatives.

Prepare and present financial services industry analysis and financial

results to Audit Committees.

Monitor profitability of audits and communicate fee and billing information

to the team and the client.

EDUCATION

Thiel College, Greenville, PA

Bachelor of Science in Business and Accounting

Cum Laude

CERTIFICATION

Certified Public Accountant, Commonwealth of Pennsylvania

Member of the American Institute of Certified Public Accountants and

Pennsylvania Institute of Certified Public Accountants

COMPUTER SKILLS

Proficient in Microsoft Excel, Word and Power Point, Internet Explorer,

JDEdwards, Costpoint, Cognos, Lawson

REFERENCES

Available upon request.

Contact this candidate