Human Resources Accounting

BENJAMIN S. FARRAH, CPA

***** ********* ***** • LEONARDTOWN, MD 20650 • 202-***-**** • **********@*****.***

KEY QUALIFICATIONS

Highly qualified executive with over twenty five years of government contracting experience, first as an

Auditor with the Defense Contract Audit Agency (DCAA) and most recently as Chief Financial Officer

for International Resources Group / Engility, an international professional services firm that helps

governments, the private sector, communities, and households manage critical resources to build a

cleaner, safer, and more prosperous world. Core strengths include:

Project Control/FP&A Deltek GCS, CostPoint, Cognos

Rolling Forecasts & Budgets Significant DSO Improvements

Indirect Rate Management DCAA Liaison

Auditing & Compliance Mentoring of Direct & Indirect Reports

(GAAP/SOX/CAS/FAR/AIDAR)

PROFESSIONAL EXPERIENCE

INTERNATIONAL RESOURCES GROUP LTD / ENGILITY CORPORATION, WASHINGTON, DC

2001 – APRIL 2014

SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER

Within the first several years of employment, was fully responsible for Human Resources, Contracts,

Facility Security (TS Level), Information Technology, Administration, Risk Management, Banking,

Budgeting, Audit, Taxation, Accounting and Finance. Developed financial modeling and analysis in

support of annual business plans and long term strategic initiatives. Ensured proper reporting from field

operations from around the world. Built financial controls and procedures to produce reliable, monthly

management reports on key metrics. Acted as a key participant at Board meetings for IRG and its

subsidiaries in the United States, India, Philippines, and France. Developed and prepared due diligence

materials for investment bankers and interested parties, and participated in negotiations, culminating in

the sale of the company.

Led the financial transition from a private to public company. Transitioned health care providers, banking

relationships, leasing agreements, business insurances, independent audit, 401k Plan, payroll, federal and

state taxation to parent company providers. Successfully migrated Deltek’s GCSPremier accounting

system to a sister company’s CostPoint accounting system. Ensuring compliance with the Sarbanes-Oxley

Act (SOX) Sections 302 and 404, the Foreign Corrupt Practices Act (FCPA), as well as all other corporate

policies. Reporting to the President, responsible for human resources, contracts, accounting, finance,

regulatory compliance, and DCAA liaison. IRG continues to operate as an independent, wholly-owned

subsidiary.

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BENJAMIN S. FARRAH, CPA

21750 PINEHURST COURT • LEONARDTOWN, MD 20650 • 202-***-**** • **********@*****.***

MANAGEMENT TECHNOLOGY INC, CLINTON, MD

1998 – 2001

Chief Financial Officer

Within the first year of employment, changed the corporate cost-structures allowing for realistic

cost/profit centers at multiple locations throughout the company. Established reporting requirements for

Program and Project Managers. Established SOP statements for Accounting & Finance, HR, Contracting

and payroll functions. Changed the accounting system, brought payroll back in house, implemented

correct job-cost accounting, and replaced inadequate accounting and HR staff. Terminated relationships

with 401k/profit sharing plan providers, health, and business insurance providers. Improved health care

services, added a 401k match, no-cost disability insurance, improved employee satisfaction, all while

decreasing fringe benefit cost by 9.3%. Within the first eight months of employment, successfully

negotiated the abatement of penalty and interest totaling $960K with the IRS and 10 states for back

payroll taxes. Established realistic, detailed financial statement projections, which allowed for

competition of banking relationship. As a direct result, the Line-of-Credit interest rate was reduced by

150 basis points.

NORTHROP GRUMMAN PRB SYSTEMS INC, HOLLYWOOD, MD

1986 – 1998

CHIEF FINANCIAL OFFICER & TREASURER

Developed and guided the financial management in the functional areas of budget and management

reporting; billings and cashflow; accounts payable; payroll; travel; 401k/profit sharing; executive

compensation, and bonus procedures; federal, state, and local taxation; monthly and annual closings; risk

management; facilities; banking; insurances; indirect rate cost pool structures; forward pricing rate

agreements; and, cost accounting/revenue recognition. Segmented the company into Separate Business

Units (SBU’s), resulting in a more competitive posture for service contracts which assisted in the win of a

multi-year, $150M contract. Established a subcontractor handling rate, which assisted in the win of a

multi-year, $120M contract. Supported positions with the ACO, contrary to DCAA audit reports, saving

$2.2M from a post-award audit, and over $600k from annual incurred cost audits. Negotiated a flexible

progress payment and alternative liquidation rates, resulting in a retroactive invoice in excess of $1M and

improved future cash-flows. Changed the method of recognizing revenues for income tax purposes,

resulting in the deferral of all income tax for eight years and improving cash flow by over $3M.

Completed an IRS Taxpayer Compliance Measurement Program (TCMP) Audit, including a line-by-line

audit of the corporate tax return, two related partnership returns, and the personal returns of five corporate

officers, which all were accepted as filed, without change. Modified the method of recognizing revenues

for the Business & Occupancy (B&O) Tax in the state of Washington recovering the prior three years of

tax payments. Completed three strategic acquisitions – One, an asset purchase, liquidating the target

company; and two stock purchases, establishing two majority-owned subsidiaries. Developed and

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BENJAMIN S. FARRAH, CPA

21750 PINEHURST COURT • LEONARDTOWN, MD 20650 • 202-***-**** • **********@*****.***

prepared due diligence materials for investment bankers and interested parties, culminating in the sale of

the company.

DEFENSE CONTRACT AUDIT AGENCY, LANDOVER, MD

1983 – 1986

Senior Auditor

Developed audit programs and plans. Met with contractor management officials to explain purpose,

scope and findings of audits. Made tests and examinations of contractors’ specific cost representations,

accounting systems and records. Made audit determinations concerning the accuracy of cost

representations. Met with procurement and contracting officials to inform them of reports’ contents and

persuade them to accept critical findings, conclusions and recommendations. Received DCAA’s Special

Service Award for innovative post-award reviews at a major defense contractor.

EDUCATION/TRAINING/SKILLS

George Washington University, Washington, DC, 1990

Master of Taxation

Defense Contract Audit Institute

Memphis State University, Memphis, TN

Advance Audit Techniques 1983 1986

Christopher Newport College, Newport News, VA, 1982

Bachelor of Science in Accounting

Member of Alpha Kappa Psi Business Fraternity

Professional Affiliations:

American Institute of Certified Public Accountants

Chartered Global Management Accountant

Serves on numerous Boards of Directors in the United States, India, France, and Philippines

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