Thakur D. Persaud, MBA, MAAT
**** ****** ******* **., *****, VA 22015-2560
703-***-**** (cell), 703-***-**** (h)
Email: ********@***.***
Senior Executive Chief Financial Officer VP of Finance & IT Director of Finance & Operations
Over twenty years US and International financial, strategic and business leadership contributing to the growth
of small to medium-sized not-for-profit and for profit organizations with budgets ranging from $500k to $65 million.
Experience managing the financial and operations for Corporate and Not-for-Profit – (501(c) 6 and 501(c) 3) trade
associations. In addition international experience working for British and Caribbean firms in Guyana, South America.
Hands-on experience in the following areas: Leadership Budgeting Operations Management Contract
Negotiation Cost Improvement Information Technology Human Resources Management Not-for-Profit
Taxation Procurement Staff Development Accounting for Not-for-profit and for-Profit organizations.
PROFESSIONAL EXPERIENCE
Vice President of Finance & Information Technology 11/2011 to present
YMCA of Metropolitan Washington
Coordinates the direction and central planning necessary for successful financial management. This includes
recommending financial policies, establishing plans and supervising their execution.
Oversees and directs activities of the Accounting Department to ensure effective and efficient daily operations
through effective communication.
Trains, mentors, and develops a committed team of professionals that embrace exceptional performance, and
implements best practices for accuracy, timeliness and customer service.
Supervise IT staff and leading them in meeting technological needs of the Association and implementing IT
initiatives and support.
Ensures timely reconciliation of all bank accounts, fixed asset and balance sheet schedules.
Responsible for the annual budget process including creation, establishing assumptions, preparing reports,
monitoring progress, and meeting scheduled deadlines.
Responsible for working with external auditors in completing the annual audit; leading to a clean audit.
Ensures that effective internal controls are in place and ensures compliance with GAAP and applicable federal,
state and local regulatory laws and rules for financial and tax reporting.
Collaborates with auditors on the Form 990 filing.
Oversee financial administration of all grants and compliance with A-122, 133 reporting and audit.
Creates and presents financial information to branch boards.
Recommends, develops, and implements policies, procedures and systems within the centralized business
office.
Participates in meetings, makes presentations both internally and externally with regard to the financial and
operational results, as well as future strategy.
Develop proformas for special projects. Tracks and analyzes trends.
Provides timely and accurate budget analysis and financial review for CFO and management team.
Assisted the CFO in Financial management and leadership to the 15th largest YMCA in North America and
largest child care provider in the Washington, DC metropolitan area.
Consultant/Independent Contractor 10/2010 to 11/2011
Robert Half International/ Public Affairs Media Group – Washington, DC
Tate & Tryon CPAs and Consultants - Washington, DC
& Center for Construction Research and Training a/k CPWR – Silver Spring, MD
Reviewed and prepared all financial reports for the Department of State Grant - Afghan Voices project
Prepared and reviewed information for the OBM Circular A-133 Audit
Reviewed all completed schedules for accuracy, complete all outstanding schedules for the audit
During this period (audit/accounting) I worked with a team of four staff persons.
Chief Financial Officer, 2/2006 – 09/2010
Plumbing-Heating-Cooling Contractors National Association &
PHCC Educational Foundation, Falls Church, VA
Plumbing-Heating-Cooling Contractors National Association and the Educational Foundation are not for profit
organizations dedicated to the promotion, advancement, education and training of Plumbing and HVAC
professionals.
Lead a team of eight (8) employees & consultants for the 501c (6) and 501c (3) not-for-profit organization. Directs all
financial operations including: general accounting operations; purchasing, payroll; cash management and credit;
financial policies and procedures; financial planning; budgeting and forecasting and directs all audits. In addition,
perform the duties of Treasurer of the PHCC-PAC and hands-on responsibility for Investments, Banking, Insurance
Procurement, Human Resources, IT, Facilities Maintenance and Security.
Established budgeting system to meet Board of Directors' goals and to involve staff in "hands on" budgeting. Lead
efforts to manage expenses in line with revenue streams.
Encouraged staff directors to take ownership of their respective sections of the annual budget.
Implemented change initiatives that enhanced individual and organizational knowledge and performance thus
resulting in cost saving in the $’000 of dollars.
Facilitated the integration of communication among departments to remove obstacles, improve responsiveness, and
enhance decision-making. Implemented cash management systems and credit management controls, resulting in a
significant reduction in past due receivables which resulted in positive cash flow.
Completed conversion of accounting software Microsoft Dynamics SL (Solomon IV) used to generate financial
reports and implemented successful interface with the NetForum membership database software.
Lead Company’s efforts to build the appropriate financial systems and controls.
Directed the Company’s efforts for compliance with Sarbanes Oxley, GAAP and FASB requirements.
Prepared all information for the IRS Form 990, Form 990-T, POL-1120 and Form 5500
Attended Board of Directors, Executive Committee and Officers meetings and make presentations relating to
financial and operational matters; staff liaison to various committees.
Director of Finance and Operations/CFO 09/1998 - 02/2006
Accounting /IT Manager 06/1996 - 09/1998
Truckload Carriers Association & Affiliates, Alexandria, VA
Truckload Carriers Association [TCA] is a well know not-for-profit organization affiliated with the American
Trucking Association. In addition TCA manages/controls four (4) 501(c) 3 not-for-profit organizations. Oversight of
501(c) (6) trade association and the four 501(c) 3 trade associations. Direct oversight of Finance, Investments,
Accounting, Audits, IT, Human Resources, Dues and Pledges billings.
Wrote the articles of incorporation and bylaws for 501(c)(3) organization
Completed applications for three (3) 501(c)(3) organizations and successfully obtained determination letters
classifying the associations as public charities
Was successful in ensuring that the newly formed 501(c)(3) organization was self-sufficient and generated a net
income within three (3) years of formation
Implemented cash management systems and credit management controls, resulting in a significant reduction in
past due receivables. Lead efforts to manage expenses in line with revenue.
Revamped the Information Technology system- identified and successfully managed the project to fully update the
Network System for compliance with current technology
Overhauled accounting systems, controls and procedures and created easy to understand financial statements for
internal and external use.
Updated the Information Technology system to the latest operating system and added internet access and e-mail.
Responsible for Accounts payable, payroll and financial statement preparation
Responsible for preparing all documentation for the annual audit
Coordinated the activities of the trade associations while there was no president
Prepared all information for the IRS Form 990, Form 990-T and Form 5500
Attended Board of Directors, Executive Committee and Officers meetings and make presentations relating to
financial matters; staff liaison to various committees.
Prior to 1996 – I worked for a year with a 501(c) 6 organization in Washington, DC and the remaining time working
for Private Manufacturing and Insurance Conglomerates in Guyana, South America.
Education, Training & Computer Skills
Master of Business Administration [MBA] – Strayer University, Alexandria, VA - 9/2006
Bachelor of Science, Accounting [BSAc] – Summa Cum Laude – Strayer University, Alexandria, VA - 3/2006
Executive Graduate Certificate in Business Administration [EGCBA] – Strayer University, Alexandria, VA
Master of Science Business Administration [MSBA] – University in London, United Kingdom -11/2004
Certified Professional Financial Managers [FMAAT], United Kingdom
Certified as an Accounting Technician, Accounting Technicians Ltd., (MAAT) – UK
Extensive knowledge in Informational Technology to include database management, installation of
Microsoft & Novell Networks (including the e-mail system) and Desktop Applications. Also completed the
Novell-Certified Netware Engineer courses.
Advanced Solutions International, Inc. (ASI) - iMIS –Client/Server Application Course
Certificate in Management of Computerized Information System, Guyana, South America
Proficient with Microsoft Office and other PC based software packages.
Experience with iMIS, NetForum, Deltek, Peachtree, Paychex, QuickBooks, Sage ACCPAC, SGA
Accounting, Microsoft Dynamics SL & GP [Solomon and Great Plains] Accounting software, in addition
FRx and Crystal report writers.
Professional Affiliations:
Fellow Member - Institute of Professional Financial Managers - United Kingdom
Member - Association of Accounting Technicians Ltd. – United Kingdom
Member - Institute of Management Accountants