Management Manager

PAUL MCCRAY

*** ********** *****, ********, ** **524 Cell: 845-***-**** *****************@*******.***

EXECUTIVE PROFILE

Financial Operations Director with solid experience managing all levels of Financial Controllership including

budgeting and financial administration along with, hands on experience and subject matter expertise in Budget

Planning, Forecasting, Financial Reporting, Headcount Analysis, Variance Analysis and Expense Management.

SKILL HIGHLIGHTS

Budgeting Accounting Headcount Expense Control

Forecasting Reporting P/L Analysis Variance Analysis

CORE ACCOMPLISHMENTS

● Reduced capital expenditures by $950,000 and operating expenses by $1,700,000 through budget analysis.

● Resolved $900,000 in duplicate charges by reviewing consultant expenses across multiple projects.

● Consolidated antiquated SLAs across infrastructure divisions that resulted in $170,000 in savings.

● Extensive experience with financial audits and reviews for public and non-public organizations.

PROFESSIONAL EXPERIENCE

NEW YORK LIFE COMPANY New York, NY

Director of Finance 2007-

Current

• Directing the budget and finance division within the Information Technology department overseeing annual budget

planning cycles, mid-year and year-end forecasts, depreciation and allocation charge-backs.

• Expertly oversee a $200 million hardware budget for 50 cost centers and 700 professionals, along with tracking 250+

customer projects SOWs and Headcount budgets.

• Conduct quarterly finance reviews with senior management, customers and project owners.

• Finance liaison for Annual audits performed by PWC.

• Oversee and approve all budget expenses, invoices, reclassifications and Lease payments.

• Provide Resource Management for Employee and Consultant Headcounts/FTEs for IT infrastructure.

• Provide Quarterly Finance reports (actual vs. Forecast) with variance analysis for the IT CFO and CIO.

INSTITUTE OF INTERNATIONAL EDUCATION New

York, NY

Director of Finance and Budget 2006 – 2007

• Strategically steered all financial activity for a $192-million operating budget encompassing 250 programs with 14

domestic offices and 8 overseas offices, along with preparing monthly statements for executive-level management and

Finance Board review.

• Maximized bottom-line results by performing investment analysis and fund reconciliation on an $80-million

investment portfolio, along with evaluating quarterly market value, preparing Statement of Operations Income data,

and monitoring daily cash flow.

• Managed updates and government compliance for the A-23 OMB Circular and served as the Audit liaison to GAO,

OIG and PWC.

• Achieved appointment as Compliance Officer for Investment Accounting under FASB and SFAS Rules 70, 123, and

124.

TIME INC/TIME WARNER New York, NY

Finance Manager 2004 - 2006

• Ensured seamless financial processes by performing all accounting and reporting activities for a $100-million

Information Technology group budget, including developing and implementing reports, forecasts, P&L, and balance

sheet statements.

• Reported YTD budgets and forecast variances, calculated and reported hardware and software depreciation expense

projects by IT units, performed general ledger journal entries and adjustments for month-end close, and managed

headcounts and payroll.

• Served as Finance department’s liaison for Ernst & Young audits, along with guaranteeing strict group-wide

compliance with Sarbanes-Oxley Act, Section 404.

TIAA-CREF New York, NY

Budget Manager 2000 - 2003

• Developed and managed a $240-million operating budget for an Information Technology department, including

monitoring a $52-million EDP capital budget and a $9-million maintenance expense budget, as well as creating all

related running forecasts.

• Drove business efficiency by providing monthly variance analysis on capital and expense budgets, along with

approving and processing invoices for proper budget and expense allocations and controlling and maintaining GL

adjustments to AP / AR for adherence to GAAP.

• Negotiated a 5-year maintenance contract that achieved $1.3 million in savings, led financial analysis of expense

payments resulting in $900,000 in savings to corporate consultant budgets, and consolidated antiquated contracts to

save $170,000.

EDUCATION

Bachelor of Arts in Economics (3.54 GPA; Cum Laude Honors)

CITY UNIVERSITY OF NEW YORK 2003

Financial Analysis, Accounting & Budget Management Courses

AMERICAN MANAGEMENT ASSOCIATION

TECHNICAL SKILLS

AccPac, PeopleSoft, Remedy, SAP, Clarity, SharePoint, Hyperion, Cognos, MS Excel, MS Word, MS Powerpoint

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