Accounts Receivable A R

Matthew Bourgeois

*** ******* **** ****, ***** Kingstown, RI 02852

Cell: 401-***-****

Email: ad05ta@r.postjobfree.com

Professional Experience

CVS Health Corporation, Woonsocket, RI.

Senior Manager, Gross Margin Accounting (11/2012 – 10/2023)

Directed the accounts receivable financial process for $80B retail pharmacy division.

Developed and fostered relationships with various business partners across the company to ensure financial results and budget/forecasts are understood and accurate.

Created and disseminated the forecast and budget for $4B A/R; $.75B expense and various other P&L and balance sheet lines.

Oversaw the financial close process for the retail pharmacy A/R, processing fees, revenue deferrals and sales adjustments.

Partnered with Business owners to build and monitor pharmacy audit and AR reserves.

Trusted advisor who collaborates frequently with our Internal Audit and External auditors on financial SOX controls and SOC1 requirements.

Developed and provided waterfall analytics for monthly variance discussions to Senior Management.

Led a team of four including one Manager and three accountants/analysts.

Accomplishments:

Redesigned A/R model impacting $70B in annual deposits that significantly improved forecast accuracy to be less than a 1% variance. This is a major aid to the Treasury Department with its cash flow decisions.

Developed highly effective team that has seen upward mobility within CVS Health within finance, Minute Clinic, Accounts Payable and other areas.

Established financial processes around the 340B Sales Program to ensure smooth transition between Third-Party Administrator’s and recently acquired WellPartner team.

Main point of contact for all Pharmacy AR System Finance (TPMS) improvements

Integration team member for Navarro Drug and Eaton Apothecary acquisitions.

Accounting & Controls Manager, Third Party Finance (01/2009 – 10/2012)

Spearheaded rollout of new Third-Party Management System (TPMS) related to financial controls and accuracy.

Developed financial controls for new AR subledger systems with $2.5B in average AR.

Designed and validated the AR conversion control totals during system, UAT and parallel testing.

Led financial controls team, travelled to India to determine whether system was operating as intended. Worked with offshore team and identified areas that needed to be adjusted and updated.

Directed the monthly financial close for Minute Clinic segment of CVS Health with more than 1,000 locations and more than $300M in annual revenue.

Accomplishments:

Integration lead for the Minute Clinic finance team, moving processes from Minnesota to RI.

Finalized rollout of TPMS pharmacy AR system with average AR balance of $2B in September 2012.

Developed and utilized over 50 financial reports used for analytics and AR close processes for system that posted, tracked, and reconciled more than 1.5B claims and more than $60B in revenue annually.

Developed SOX controls white paper and procedures manual for TPMS system.

Prior Roles

MetLife, Warwick, RI and Long Island City, NY

Finance Director – SOX Coordinator Corporate Functions (04/2006 – 12/2008)

Restructured the Corporate Functions area (AP, Debt, Cash Management, HR Benefits, etc) by refocusing on key risks and formulating relationships with the various areas to ensure compliance with testing and reporting.

Established more accountability at the line of business by fostering interdepartmental relationships and ownership of their controls and testing required.

Communicated accurate and timely internal control advice in a clear and concise manner to Sr. Leadership.

Finance Manager – MetLife Auto & Home – SOX (01/2004 – 03/2006)

Provided leadership to the Auto & Home SOX teams in conducting assessments of internal controls over financial reporting.

Assisted process owners in maintaining the documentation with the ongoing assessment of each process and provide support to management in testing the internal controls.

Interfaced with external auditors on SOX planning, status, and issue resolution.

Communicated accurate/timely internal control advice in a clear, concise manner to Sr. Management.

Provided SOX presentations/updates to Sr. Management.

Audit Manager

Staff Auditor

Education

St. Joseph’s College, Standish, ME

B.S. Business Administration- Accounting

Additional Skills

Business integration experience

Budgeting and Forecasting, Leadership communication

Microsoft Office products, SAP

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