Manager Management

Richard K. Albrechta

**** ********* **.

Uniontown, OH 44685

Home 330-***-****

Cell w/ voicemail 330-***-****

E-Mail: acr8bs@r.postjobfree.com:acr8bs@r.postjobfree.com

CAREER SUMMARY

I am a self-motivated and results oriented financial professional with proven experience in:

Financial Planning and Analysis

Debt Financing

Computer Programming

Annual Budgeting Development

General Accounting

Mergers & Acquisitions

Long and Short Term Investments

Foreign Exchange

Auditing

Bank Relationship Management

International & Domestic Treasury

Policy and Procedures Dev.

PROFESSIONAL EXPERIENCE

Time Warner Cable Akron, OH 12/09 - Present

Provider of cutting edge Cable, High Speed Digital Internet and Phone services to 850,000 residential and business subscribers in the northeast Ohio with divisional annual revenue of $1.2 billion

Finance Manager - Contractor Reverse Billing - Midwest Market

Develop, enhance and maintain current system used in the process of reverse billing for our installation contractors.

Lead and support 4 team members engaged in the process of generating, auditing and publishing weekly invoices related to work preformed by our installation partners in the Midwest market encompassing Ohio, Wisconsin, Kentucky and Indiana. Weekly invoices generated for 120 contractors totaling $9 million.

Manage department to reach annual KPI goals.

Respond effectively to internal and external stakeholders concerns by reviewing and responding with corrective action.

Support standardization of processes across Time Warner Cable’s Midwest footprint.

3 years of exception free internal and external audits

Senior Analyst – FP&A

Successfully completed month end closing, actual to budget analysis with timely preparation executive reporting package.

Developed $45 million annual operating expense budget for 3 operational areas.

Developed and managed an installation contractor reverse billing process, which invoices $400k in expense each week. Additionally, established controls within the process, which identifies approximately $6k per week in erroneous billing from the contractor equating to $312k per year or 1.5%

Reviewed and redesigned several internal reporting and operational processes generating $60k annually in soft and hard dollar savings.

Provided general analytical support to the Director and Manager of Finance.

Business Analyst - Contractor

Provided analytical support to the Vice President of Operation and the Manager of Operations.

Developed an access based application to review message response times for internal tech support team. The application is now being used division wide.

Developed several access based applications and processes that allowed for more robust reporting.

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Test America Inc. North Canton, OH 6/07 – 10/09

The nation’s largest provider of environmental testing services with annual revenue of $135 Million

Director - Treasury and Insurance

Established a new treasury department, including daily cash positioning, borrow and invest discussions, policies and procedures and cash forecasting.

Reduced the company’s bank account footprint generating an annual saving $60k in bank account analysis fees without affecting the overall services levels to the company.

Established a new daily cash forecast which reduced the annual net interest expense by $150k.

Performed lease vs. buy analysis on capital equipment purchases. Developed an RFP process for lease financing and negotiated leasing contract for the best possible rate resulting in overall cost of debt by 2%.

Administered daily insurance needs of the organization and oversaw annual insurance renewal process. Developed an annual company risk review process which reduced annual insurance premiums by $100k. Additionally, worked with operations to enhance internal safety procedures to further reduce premiums.

Managed letters of credit portfolio. Prepared month end debt covenants and all related updates.

Reason for leaving - Reduction in force - company filed for bankruptcy

General Electric Inc. (GE Money – Retail Consumer Financing) Canton, OH 12/04 – 6/07

Provider of private label credit card financing too many of the top retailers in the United States with annual revenue of $5.5 billion

Finance Manager – FP&A

Managed $13 million month-end close, reconciliation and reporting process for the Retail Consumer Finance global collections operation.

Responsible for month end headcount reporting for 2,500 FTE located globally in 6 facilities.

Prepared $145 million annual operating expense plan.

Developed annual cost standards for 10 different functions and best process for the allocation to clients P&L.

Redesigned the month-end reconciliation process, now allowing for quicker and more accurate month-end results generating an annual savings of 120 hours per year.

Reason for leaving - Position relocated to India

Contractor for several companies while obtaining Masters In Business Administration 2/00-12/04

Logistics Analyst for The Goodyear Tire and Rubber Company – Akron, OH

Treasury Analyst for FirstEnergy, Corp - Akron, OH

Senior Accountant for Hometown Health Care Network - Massillon, OH

Jo-Ann Stores, Inc. Hudson, OH 2/00 – 6/03

The nation’s largest craft retailer operating 750 stores with annual sales of $2.1 Billion

Financial Services Supervisor - Treasury

Trained, supervised and reviewed 3 team members involved in the functions of daily cash positioning, financial analysis, accounting, debt reporting and G/L reconciliation.

Direct responsibility of all daily cash operations. Reduced the average outstanding bank balance by $350k per month generating $25k in interest savings per year.

Guided the month end closing for treasury services.

Supervised the company’s credit card program and managed the conversion project to new credit card processor.

Developed policy and procedure for the treasury group.

Prepared the annual departmental operating budget and monthly plan/actual analysis.

Produced $ 40k in hard dollar and $45k in soft dollar saving per year through continuous process improvement.

Oversaw the conversion to a new debt facility, including conversion to a new agent bank and development of monthly reporting package.

Reason for leaving - Reduction in force

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Diebold, Inc. North Canton, OH 2/97-2/00

The global manufacturer of ATM and comprehensive securities systems with annual revenue of $2.8 Billion

Senior Treasury Analyst

Responsibility for all domestic and international cash management activities.

Managed short-term and long-term investment portfolio totaling $250 million; achieving above goal return each year.

Developed new cash forecast process which increase investment income by 1.5% by using a ladder maturity approach and better recognition of cash flow timing.

Prepared and presented monthly cash flow and investment portfolio reporting results to executive level team members.

Developed policies and procedures for cash handling, both domestically and internationally.

Researched and recommended to senior management the establishment of an International Finance Company.

Revised investment policy to enhance working capital portfolio return while adding no additional risk.

Successfully integrated the cash management structure for 3 acquired companies.

Reason for leaving

New Opportunity

EDUCATION

Edinboro University of Pennsylvania

Degree: Bachelor of Science

Major: Business Administration

Minor: Economics

GPA. 3.3 in Major

Ashland University

Degree: MBA

Major: Finance/International Business

Minor: Ohio School Treasurer Licensure

GPA: 3.75

COMPUTER SKILLS

MS Access – Microsoft Certified - Developer level experience

MS Excel - Microsoft Certified - Advance modeling

PowerPoint - Microsoft Certified - Executive level presentations

MS Word – User level

SAP – User level

Oracle – User level

PeopleSoft - User level

Hyperion - User level

PROFESSIONAL ORGANIZATIONS

Northeast Ohio Treasury Management Assoc.

Association for Financial Professionals

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