Financial Accounting

Hayward Trapps Jr., CPA, MBA, CGFM, PMP

Cell (preferred): 301-***-****, Home: 301-***-**** *********@*****.***

Professional Profile Summary

•Obtained extensive US GAAP interpretation skills through in-depth, broad exposure to evaluating and consolidating (by NAICs Code/sub-industry) of hundreds of financial statements and SEC 10-K/10-Q disclosures for Fortune 500 and all asset levels of private/publically traded corporations, (e.g., mining, utilities, manufacturing, wholesale, retail), while producing federal GDP data. Extensive financial governance skills.

•Expert in compiling/analyzing corporate/federal MD&A sections of Annual Reports (ex. MCI Corp., Danaher Corp., Washington Gas, Marriott International, Treasury Dept.), and advising CFO’s on critical financial matters.

•Provide auditing and accounting services as Senior Manager/Consultant for CPA Firm, leading corporate and federal CFO engagements: preparing/analyzing quarterly and year-end audited financial statements, and directing Financial Planning & Analysis (FP&A) in compliance with FASB, FASAB, GAO, OMB, SEC, FERC; lead organizational accounting data mapping and develop technical solutions by re-engineering business processes.

•Achieved 12 years extensive and progressive experience in regulating federal financial management in a government-wide financial reporting/policy-making capacity: expertise in effectively creating financial governance models that are applicable to all corporate industries with responsibility to meet stringent federal regulatory financial management requirements (i.e., Congressional Statutes, SEC, FERC, and PBAOC).

• Subject Matter Expert (SME) in intra-governmental (Intra-entity) and audited federal Financial Statements, Closing Package, and GTAS reporting. Creator of Treasury’s Intra-governmental reconciliation tool used by all federal agencies (developed first TFM 4700: Intra-governmental Guidance). Rec’d numerous Special Awards.

•Possess excellent participative managerial, analytical, and organizational skills: Speaker at many large Financial Management /Executive leadership Forums, mostly as SME, e.g., JFMIP, AGA and Treasury/FMS Conferences.

Private Sector Employment (2012 – present; 1994 – 1997; and 1978 - 1981)

Verdi Consulting, Inc., May 2016 – Present; Executive Senior Manager (Federal & Corporate Quality Assurance)

oIn an executive capacity reporting to the President/CEO, expanded client accounting technical oversight regarding the performance of financial reporting, accounting operation, GAAP/IFRS interpretation and audit remediation (specializing in federal & Multi-national entities); produced quality assurance (QAR) & RM reviews.

oIn coordination with the firm’s CIO, initiate IT solutions for publicly-held clients to more effectively comply with SEC 10-K, 10-Q reporting requirements; maximized outsourced CFO Services to small to mid-sized companies.

oLead Firm’s forward-thinking business development efforts, while engaging in contract proposals and establishing cutting-edge approaches in meeting new regulatory requirements from an IT perspective.

Lani Eko & Company, CPAs, PLLC; 2012 – 2016; Senior Manager/Engagement Director

oDirected staff of accountants/auditors/managers in compiling quarterly & annual audited financial statements (AFR) for CFO level federal agencies (all unmodified opinion); eliminated $3.5 billion inter-federal differences.

oProduced SEC 10K, 10Q reports for publicly-held clients; generating & increasing contracted clientele base by introducing exceptional Sarbanes & Oxley Act 404 review services; improved gross profit margin by 17%

oConstruct MD&A, while precisely emphasizing how strategic goals were met; CFO services to variety of Firms.

oDevised written financial management policy and accounting treatment posting models to improve internal controls, in accordance with USSGL, TFM guidance and FASAB standards; develop FP&A for corporate clients.

oOversee G/L subsidiary reconciliation for transactions impacting A/R, A/P, P/R, and PP&E.

oReview and certify staff financial statement trend/flux analysis prior to auditor examination; performed QA.

oLead remediation of significant auditor finding related to multi-billion dollar intra-governmental reporting differences with other federal entities; ensure compliance with SEC reporting requirements for impacted clients

oReview/approve issuance of SOPs and internal control process flows for various private-sector clients to ensure compliance with SOX statutory requirements. Led Firm’s strategic client growth planning; performed QAR

Cox & Associates, CPAs; 1994 – 1997; Sr. Consultant (Part Time – Concurrently with NASA ):

oSuccessfully lead accounting policy development engagements for Energy Regulatory agencies: DOE, FERC, NRC;

oOrchestrated revisions to Federal Energy Regulatory Commission, Energy Policy Act, 2005 financial reporting requirements for Natural Gas Corporations (Form No. 2-A and 3-Q Annual/Quarterly Reports).

MCI Corporation; 1978 – 1981; Accountant/Sr. Accountant:

oManaged/maintained Treasury and Investment portfolio for publicly traded telephone/utility corporation; reported and improved cash flows; reconcile international/domestic cash reserves; evaluated and produced Federal, Multi-State Tax reporting; prepared G/L reconciliations, financial reports, i.e., Balance Sheet, P&L, Cash Flow, SEC 10K,Q.

oServed as advisor to CFO/Controller regarding tax compliance and short-term investment strategy.

Federal Government Employment (1981 – 2012)

Department of Treasury/Financial Management Service; 2000 – 2012; CFO/Sr. Advisor to the Assistant Fiscal Secretary of Treasury (Government-wide Accounting): Performed in a high profile Executive Management position accountable for providing expert federal financial management advice to the executive level agencies (ex. DOE, DoD, HUD, HHS), while dispensing guidance on financial statement reporting in concert with FASAB, OMB and GAO;

oServed as US Government Audited Financial Statement SME-preparer at annual Congressional Hearings in support of the Treasury Fiscal Assistant Secretary (along with the GAO Comptroller General and the OMB Director).

oEstablished federal programs financial management direction by issuing Treasury Financial Manual (TFM) guidance;

oDevised metric/scorecard methodology; participated in, GAO, OMB, FASAB, and Treasury high-level meetings related to federal financial management; served on accounting standards promulgation committees;

oDirected staff of 28 in preparation of The Financial Report of the US, using GTAS, GFRS Closing Package;

oAdvised and assisted OMB with constructing Circular A-136: government-wide Financial Reporting requirements;

oReceived Outstanding Performance Award as the pro-active brain-trust/architect for development of web-based reconciliation/reporting tool(GTAS), transforming federal agencies ability to remediate $100’s billions differences;

oLiaison with GAO auditors regarding the audit of US Government Consolidated Financial Statements;

o Directed external audit of 24 CFO agencies financial statements, in addition to their Management Discussion and Analysis (MD&A) and Management Representations. Develop FP&A models to fund government-wide IT initiatives.

NASA, Goddard Space Flight Center; 1989 – 2000; Director, Financial Management Division:

oProvided accounting oversight in intra-governmental budget formulation/execution/accounting, general ledger maintenance, monthly close and development of financial statements; led grants management, DCAA audit liaison, and cost forecasting in compliance with Federal Acquisition Regulations (FAR).

oIntroduced new financial systems development to reduce considerable HR requirements, while accelerating access to billions of critical financial resources; Received Outstanding Performance Award; managed $1.8 billion budget.

Bureau of the Public Debt/Dept. of Commerce; 1981 – 1989; Sr. Accountant to Branch Chief:

oPerformed analysis/reporting of federal investment/borrowing activity; published Public Debt Outstanding Report;

oManaged financing and accounting treatment of over $2 trillion US Public Debt ; issued Federal Reserve Banking (FRB) Treasury regulatory accounting policy, while impacting the financial services industry; rec’d many awards;

oAnalyzed Fortune 500 Statements and a cross-section of US corporations to formulate GDP data issued under the Department of Commerce; ensured financial reporting consistency with SEC reporting requirements (10-K, 10Q, 8-K); aggregated Quarterly and Annual Financial Statements by sub-class within mining, utilities, manufacturing, and wholesale/retail industries (i.e., Exxon, General Foods, Sears, General Electric, PEPCO, GM, Macy’s, Levi Strauss, etc.)

oSignificantly contributed to publishing of the distinguished “Quarterly Financial Report of US Domestic Corporations” by developing accounting expertise in corporate taxes & LBOs, religiously used by the banking industry to determine corporate liquidity and by investment firms, publicly traded corporations, and congress interested in industry trends.

Education/Skills

MBA, University of Maryland, College Park; BS, Accounting, University of Maryland, College Park

Proficient: ERP: ORACLE, Hyperion, SAP, Deltek Cost Point, Momentum; SEC EDGAR; Quicken; SAGE, Mcirosoft

SEC 10-K, 10-Q, 8-K Preparation/Compliance; GAAP vs. basic IFRS analysis; Regulatory Reporting Requirements, e.g., FERC Financial Reporting, Form No. 2-A & 3-Q), public/private sector Financial Statements, MD&A preparation

Expertise: US GAAP, FASB, SEC Financial Reporting Manual (FRM), Treasury Financial Manual (TFM), and FASAB Interpretations, regulatory requirements, & guidance ; ensuring SOX Sections 302, 404, & PCAOB compliance; resolving complex accounting issues; and preparing Management Discussions and Analysis (MD&A) disclosures

Honorably served as Non-Commissioned Officer in the U.S. Marine Corps

Note: I have a long hands-on record of far exceeding requirements; my ability to interact with key clients and Executive/Sr. stakeholders are critical factors of my success. I am looking to relocate and available in 3 weeks.

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