STEPHEN M. NORCIA, CPA

mail: smnorcia*****@gmail

***** ****** *** ******, **** Myers, Florida 33913 Cell: 401-***-****

SUMMARY

A senior executive possessing an established track record in the areas of Outsourcing and Financial Consulting. Core competencies include over 20 years experience in public accounting as an employee and sole practitioner; 16 years’ experience as a Finance Manager and as a Billing Manager for an international Outsourcing company; and the ability to translate these competencies across a wide range of Billing and P&L disciplines.

PROFESSIONAL EXPERIENCE

SKILLS/RESPONSIBILITIES HIGHLIGHTS:

MS Excel, MS Word, MS Power Point; Financial Modeling, G/L account analysis; Variance analysis; Reporting; Month End close; Tax planning; Inventory management; Tax knowledge; Staff management.

COMPUTER SCIENCES CORPORATION, Falls Church VA, Sept 1998-Oct 2014

Major Areas of Accomplishment:

Design and Implementation of Billing and Operational solutions

Review and Financial Planning and Analysis reports to Senior Management

Audit, Review and Validation of Financial conclusions

Ability to quickly analyze various financial areas

Finance Principle, America Outsourcing (AO) Sept 1998-October 2014

Managing a staff responsible for the re-engineering and administration of business processes and flows associated with the movement of inter-company work orders, cost transfers, invoicing and billing for Fortune 500 Companies. Manage a staff of five (5), responsible for approximately $700M in annual commercial billings for 45 clients. In addition to these duties I participated in the following projects, many of which have required 100% weekly travel.

Current (2014)-Financial/Operational Analyst-Project Beltway- I am a member of the Finance team which is tasked with proving our base case over the 6 waves of implementation to AT&T. The team is also tasked with on-going negotiations with AT&T as the waves rollout. My base case area is GL costs (excluding labor). I am also provide first level PO approvals for AT&T invoice payments in the Prorizon system, as well as the monthly preparation of journal entries to accrue AT&T costs. I will also provide monthly analysis of the AT&T invoice to validate that CSC isn’t paying for duplicate charges. Duplicate charges will be accumulated, along with GL backup support and submitted to AT&T for credit. Submitted approximately $10M in claims, collection rate of 95%.

Financial/Operational Analyst-Lean Optimization Team-Participate in a CEO authorized and funded team to optimize our Operations by preparing Financial Analysis of internal CSC operational P&L’s to ascertain were OI improvements could be attained and to identify Revenue leakage and how to prevent future revenue losses.

Member of AO’s Transition Finance Team (2010-2013-Financial Analyst). As one of the Finance Leads assigned to Transitions, I was responsible for the financial analysis and tracking of a Transition’s actual spend verses the authorized budget, determining whether costs qualified for capitalization, provided weekly status reviews of costs and hours incurred with the Transition Executive and Project Managers and determined estimated cost to complete and estimated cost at completion.

On site preparation of a cost model ($63M)-(2008 & 2009-Special Project) showing the proposed decrease in current costs resulting from the transformation of existing vendors to preferred vendors. Results were submitted to Senior Management for approval. Financial/Operational Analyst-Member of an in-house Red Team to assess operations, determine areas of concern, develop and implement corrective actions and systems. And following the completion of the cost Model analysis I began on-site Finance support, performing Finance Analyst functions and participating in the closing of the accounting month to insure an accurate P&L statement.

On site reconstruction of twenty-four months of billings (2007-Billing and Financial Analyst). Submitted the results as an inception to date claim of $11M. The claim was paid in full as part of a comprehensive settlement. Also managed Finance’s Account Receivable Dispute Database insuring only contractually allowable credits were timely issued.

During the period 2005 to 2007 (Billing and Financial Analyst), I provided on site Finance support for outside counsel and Senior Management's pursuit of a negotiated Legal settlement. Created summary templates for a $26M Financial claim to support various outside legal counsel strategies, to educate our Expert Witness and to brief Senior Management. Created all backup supporting the summary templates. Participated in closing down the remaining operational issues relating to various financial matters.

Also during the period 2005-2007, I provided weekly on-site support for Finance and Billing issues. Designed and implemented a Billing solution, including the relevant Accounting practices and procedures, for Telecom Expense Management (TEM) billings to meet client expectations. Supporting our on-site Finance team on responding to contract issues raised by the client, as well as Operational Finance related matters.

Designated as Process Owner for compliance with Sarbanes-Oxley-(Eastern Region Billing-2004). Responsibilities included creating process flows and narratives to document our billing processes and procedures for approximately 45 clients with annual billings of $700M. Implemented a new Invoice Checklist to document the monthly review and approval of our client billings. The subsequent year-end audit reviews of our SOX procedures have resulted in no audit deficiencies.

During a reorganization of a new client, assumed all the on-site billing responsibilities (2002-2004). Duties included collecting billable data, preparing and issuing monthly invoices ($60M annual billings), preparation of the relevant accounting entries and preparation of various billing and revenue reconciliations. Also assumed the responsibilities of the on-site Billing Manager.

Member of the SAP General Ledger conversion team- (Project Minerva-2001-2002), comprised of Finance professionals throughout CSC. Assigned to the Project Systems (PS) team. Primarily responsible for the design and implementation of a Cost Plus revenue calculation model.

RB DISTRIBUTORS/RANALDI BROS FROZEN FOOD PRODUCTS, INC., Warwick, RI, 1996-1998

Controller, Bakery Manufacturing Company

MORRIS GRAPHICS, INC., Cranston, RI, 1993 to 1996

Controller, Offset Printing Press reseller

STEPHEN M. NORCIA, CPA-SOLE PRACTITIONER, Warwick, RI, 1983-1993

Self-Employed CPA

My practice focused primarily on audits, reviews and compilations of closely held corporations.

EDUCATION

University of Rhode Island, Kingston, RI, Bachelor of Science (BS), Accounting, 1972

PROFESSIONAL CERTIFICATION

Certified Public Accountant, Rhode Island, Certificate #952

PROFESSIONAL MEMBERSHIPS

American Institute of Certified Public Accountants

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