KIM R. MICHAEL-LEE, CPA, CFA, CGMA

*** **** ******, ************, ** 60108

HOME: 630-***-**** Email: KimRMichaelLee@ gmaiI.com

Senior Level Executive with over 30 years of experience in finance, construction/facilities, and risk management business leadership with special focus toward Board/Trustee, auditor, investment, and banking relationship oversight. Strong stewardship with a passion toward integrity, governance, and transparency in financial reporting and management.

Leadership and team building

Financial & Strategic Planning

Complex business & tax issues

Staff management & development

Facilities/Construction Management

Insurance & risk management

Project management

Business reorganizations, turnarounds, and strategic controls

Budget and forecasting development & management.

Investment strategies, growth, and relations

501 (c) 3 and 501 (c) 6 organizations

Negotiation and conflict management skills

EDUCATION

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

Certified Public Accountant (CPA) and Chartered Global Management Account (CGMA) ILLINOIS BENEDICTINE COLLEGE - LISLE, ILLINOIS

Master of Business Administration, (MBA) - Financial Management NORTHERN ILLINOIS UNIVERSITY - DEKALB, ILLINOIS

Bachelor of Science - Finance/Accounting, Economics

ILLINOIS INSURANCE PRODUCER LICENSE (Life, Health, Property & Casualty)

MANAGEMENT CONCEPTS - FEDERAL GRANT CERTIFICATION

PROFESSIONAL EXPERIENCE

Tatum and Independent Consulting 2016 – Present

Chief Financial Officer / Consulting

Hands-on interim and project roles preparing and strengthening accounting, internal controls, budgeting, cash flow forecasting, financial analysis, metrics reporting and presenting financial results/analytics to stakeholders.

The Joint Commission – Interim CFO May 2023 – Present

Underwriters Laboratories –Controller/Leading Project Manager October 2021-May 2023

Created financial reporting and FP&A process on a standalone basis using Oracle.

FINANCE/TAX CONSULTANT, Bloomingdale, IL 1991-Present Specialize in financial services, business services, tax services, insurance services for individuals and businesses. Tailor Tax services for individuals and small businesses. Develop and write policies, develop, and overhaul finance departments and accounting operation. Participate in speaking engagements for colleges and conference panelist. Responsible for managing and developing client relationships; including accounting, audit, consulting, tax, billing, and collections. Maintain a practice providing interim CFO-type services and other consulting/accounting services to companies in various industries (few current examples HOME DuPage, HOME Together, Habitat, Child Care Resource & Referral, Center on Halsted, Chicago Children’s Museum, Chicago Commons, Dekalb Part District, City of Greeley CO, Village of Glenview, City of Hutto TX, Intuit Corp, Underwriter Laboratories, The Joint Commission and Tatum/Randstad CFO Consultant– 2016-current.

COLLEGE OF DuPage, Glen Ellyn, IL

Interim Vice President Administrative Affairs/CFO and Treasurer February 2016 to April 2017

College of DuPage (COD) is the second largest provider of undergraduate higher education in the state. Responsible for the core non-academic service functions of the College, including: Finance: Accounts Payable, Accounts Receivable, Payroll, Accounting/Budget, Fixed Assets and Financial Systems; Business Affairs: Conference & events, Staff Services, Purchasing and Receiving; Auxiliary Enterprises: bookstore, dining services, staff services, and recycling services, Risk Management/Environmental Health & Safety: all property, liability, vehicle, workers' compensation, and sports insurance programs and coordinate claim processing and annual review of the program through the Community College Insurance Consortium. Serve as Treasurer of COD.

Coordinate the long-range financial plans and annual budget process of the College. Coordinate the annual audit, unit cost study, and financial reporting required by state and national agencies. Assist in five-year physical facilities maintenance plan and assists in long-range facility planning and construction planning. Invest College funds in accordance with COD Investment Policy and the Investment of Public Funds Act12. Serve as contract officer for the College and work with legal counsel on legal matters, tax anticipation warrants, litigation, contracts for clinical facilities, leases, and contracts for performances. Coordinate the purchasing of all supplies, materials, capital equipment, and services for the institution and maintain an adequate inventory of College assets. Attending state and national meetings to keep the College apprised of new regulations or recent developments in areas of responsibility.

Key accomplishments:

Approval of BMO Global Asset Management – Investment Advisor to assist COD with managing of funds and compliance with Investment Policy

Developed Petty Cash Reimbursement Procedure and Annual 1098T Procedure.

Streamlined Investment Policy and Procedure – pending approval.

Streamline Audit Committee Policy

Completed Cost Center/Program Review for each division across campus.

Implement Contract Approval process February 2016

Developed and included new Conflict of Interest statement in all bids/RFPs/RFQs

Clarification of Independent Contractor status and communication with users (ongoing)

Implemented Secure print – swipe card release for all employees.

Development and refinement of the Cashier’s Manual, Cashier’s On-Boarding Packet, Cashier Training Checklist, Cash Handling Procedures, Communication Binder and weekly team meetings

Development of Grant Accounting to streamline approval manual.

Updated Payroll and AP manuals to improve the completeness of departmental operations documentation.

Implemented new procedure developed for Board approval of invoices. This was accomplished in corroboration with the Board, Interim President, and Alix Partners (interim management group)

Implemented a new process for the monthly posting of invoice payments to the College’s website as part of the Board’s public transparency campaign.

Completed enhancements to the electronic invoice workflow system to improve efficiency.

Issued Audit Services RFP. Clifton Larson Allen LLP selected to perform COD’s Audit Services for FY ending June 30, 2016, 2017 and 2018

Conducted an in-house Ethics Training Seminar for all Finance Staff to provide a comprehensive review of ethics rules and the AICPA Code of Professional Conduct

Enhanced Referendum 1 and 2 and other construction fund balance reports to include both referendum and non-referendum fund balance.

Issued a Fixed Assets Inventory RFP and developing Administrative Policy and Procedure for Sale or Disposal of College Property and a New Fixed Asset Document

Responded to 2016 ICCB Recognition Items related to Financial Compliance

ILLINOIS MEDICAL DISTRICT COMMISSION, Chicago, IL

Chief Financial Officer 2013-2015

Management of all financial operations including finance, accounting, client, banking and investment relationships, audit oversight, risk management, cash management, strategic planning, insurance brokers and consultants, payroll and employee benefits, State of Illinois Grant compliance and filings, internal controls and policies. Service as liaison to the board of commissioners and report/present at all Board meetings. Oversight of budgets and $40M bond issuance to the commission

Key accomplishments:

Implemented monthly financial results versus the budget and pledged versus non pledged bond properties for the commission board and bond trustee overview.

Negotiated insurance contracts with various insurance carriers and brokers to improve coverage and competitive pricing across business insurance and employee benefit insurance plans.

Due diligence process implementation on all contracts with third party vendors

Ensured compliance in accordance with GAAP, Sarbanes, IRS, and state and bond regulations Implemented a payroll time and attendance system for the commission.

Developed grant reporting.

Performed banking RFP and line of credit review - recommended and implemented new bank and banking services for the commission.

Instituted standardized Employee Handbook review and change management process Researched and developed enhanced financial report tools in SAGE financial software system to support more strategic financial performance reporting.

CONCRETE REINFORCING STEEL INSTITUTE, Schaumburg, IL

Chief Financial Officer 2012

Responsible for both financial and operational areas for the institute and the foundation, including finance, accounting, client, banking and investment relationships, audit oversight, risk management, cash management, strategic planning, insurance brokers and consultants, payroll and employee benefits, treasury management, taxes and tax planning and reporting, internal controls, and policies. Manage the organization Institute, Foundation, and pension plan. Service as primary liaison to Finance, Audit, Executive committees, and report/present at all Board meetings. Oversight of all Institute, Foundation and Pension Plan budgets of $16M.

Key accomplishments:

Implemented monthly forecasting of financial results versus the budget for the board overview Negotiated insurance contracts with various insurance carriers and brokers and improved coverage and competitive pricing - both business insurance and employee benefit insurance plans

Performed due diligence on all contracts with third party vendors and implemented contract review policies.

Ensured compliance in accordance with GAAP, Sarbanes, IRS, and pension regulations Implemented a payroll time and attendance system for the institute.

Developed grant reporting to achieve improved reimbursement timing and accuracy Logistical and project management support for office storage I site relocation initiatives.

AMERICAN VETERINARY MEDICAL ASSOCIATION, Schaumburg, IL

Chief Financial Officer/Director of Business and Financial Services 2008-2012 Responsible for both financial and operations areas, including finance, accounting, client, banking and investment relationships, audit oversight, facilities oversight for two buildings, operations support, risk management, cash management, strategic planning, insurance brokers and consultants, payroll and employee benefits, treasury management, taxes and tax planning and reporting, internal controls and policies. Managed the organization Association, Foundation, Auxiliary, PAC, and Property Association functions. Completed system conversions and helped redesign operational flow of information leading to improved accounting and collection of revenues. Attend all Board Meetings. Oversight of $30M annual budget.

Key accomplishments:

Improved investment earnings by diversifying funding sources Increased revenues from a $25 million to $30 million.

Restructured and developed the Finance Division which included recruiting, hiring, reorganizing, promoting, and training staff.

Implemented a structured budget process with all departments and senior management concluding in the presentation of a final balanced budget approved by the CEO, Treasurer and Board of Directors each year.

Implemented monthly forecasting of financial results versus the budget with a board overview Negotiated insurance contracts with various insurance carriers and brokers and improved coverage and competitive pricing.

Performed due diligence on all contracts with third party vendors and implemented contract review policies.

Ensured compliance in accordance with GAAP, Sarbanes, IRS, and pension regulations Implemented a payroll time and attendance system for the company.

Participated as a member of the Finance, Budget, Audit, Retirement, Compensation/Benefits Review and Board Reference Committees

NATIONAL MULTIPLE SCLEROSIS - GREATER ILLINOIS CHAPTER, Chicago IL

Chief Financial Officer/Vice President of Finance/Administration/IT/HR 2006-2008 Responsible for all Chapter finance/accounting, administrative, information technology, human resource functions, including audit planning and monthly financial preparation, investments and banking relationships/improvements, policies/procedures, office relocation and build out project, leases with tenants, yearly budget preparation, and numerous other diverse operational functions. Service as primary staff liaison to Chapter's Finance, Audit, Executive committees, and report/present at all Board meetings. Provide leadership in the development and implementation of Chapter financial policies/procedures and internal controls. Manage and build departments with competent employees. Position IT department as a collaborative and integrated asset supporting Chapter functions and operations. Oversight of $15M annual budget.

Key accomplishments:

Restructured financial systems, increasing focus on internal control procedures and business decision support analysis; implemented improved financial reporting and dissemination Significantly contributed to the office relocation and site location selection Evaluated all possible locations and made recommendation for selected site.

Implemented monthly forecast and budget review process.

Implemented a monthly closing of financial results and increased the level of accountability and visibility to financial and operational metrics.

Implemented improved rigor and controls for expenditure planning and commitment Developed company compensation and benefit package.

Implemented a payroll time and attendance system for the company.

Participated as a member of the Finance, Budget, Audit, Retirement, Compensation/Benefits Review and Board Reference Committees

AMERICAN ACADEMY OF PEDIATRICS, Elk Grove Village, IL

Chief Financial Officer/Director, Department of Finance 2005 Responsible for the Academy's accounting functions including developing and maintaining accounting principles, practices, procedures, and initiatives. Enhanced operational standardization while optimizing the core functional areas. The areas included accounting, finance, federal and state grant accounting, and travel. Manage banking relationships and investments, audit planning and preparation, preparation of a 36-month rolling forecast, budget guidance and approved margin targets, reporting compliance issues, staff. Finance Committee and Board meetings, review and approve tax returns and prepare management reports. Prepared and presented to the Finance/Audit and Board committees. Oversight of $75M annual budget.

Key accomplishments:

Designed and implemented internal control processes Developed and directed Grant contract management duties.

Implemented the Audit Committee to ensure compliance with Sarbanes Oxley

Implemented monthly Operating reviews with departments focused toward managing business expectations, identifying new revenue sources, and operational opportunities and challenges.

FAMILY SUPPORT AMERICA, Chicago, IL

Chief Financial Officer 1999-2005

Responsible for the integrity, preparation and monitoring of budgets, manage and supervise daily accounting operations, develop, and oversee financial procedures, manage financial software and IT operations. Prepare operating and financial statements, develop, and implement financial policies, federal and state reporting compliance issues, write and implement internal control improvements, oversee annual audit, prepare grant reports, monitor employee pension fund, Human Resources and employee benefits implementation. Review, monitor and approve all contracts. Attend all Finance and Board committees.

Oversight of $15M annual budget.

Key accomplishments:

Maintained and coordinated improvements and upgrades to the accounting systems.

Integrated financial reporting and improved overall financial controls and reporting.

Developed grant reporting to achieve improved reimbursement timing and accuracy.

Reviewed and enhanced employee benefit program and rollout of open enrollment.

* Supervised, developed, and trained all finance, accounting, and data operation staff

ILLINOIS SPORTS FACILITIES AUTHORITY, Chicago, IL

Controller/Treasurer 1995-1998

Responsible for all property management for the facility (Comiskey Park), oversee finance, accounting, preparation of annual audit(s) records, manage accounts payable and receivables, analyze major loan commitments and refinancing, develop, and monitor of annual budget, liaison to banking entities, compute annual State of Illinois Rebate calculation, manage, and operate financial software operations/applications. Investment Portfolio Manager, develop and implement an Investment Policy, research various investment vehicles and complete investments, research and establish Employee Pension Fund and act as the Fund Administrator. Oversight of $35M annual budget.

Key accomplishments:

Restructured the scoreboard loan to stay in compliance with the debt covenants and reduce expenses.

Developed and implemented a contract review process and advised the Executive Director of all contracts including those regarding strategic partnerships.

Managed all construction contracts and projects for the facility Streamlined operations to improve earnings and reduce costs.

Designed and implemented new investment and asset/liability management systems, policies and procedures that helped improve earnings without incurring additional interest rate risk.

AFFLIATIONS

Member of: Government Finance officers Association; Illinois Community College Chief Financial Officers; Illinois Community College Risk Management Consortium; Illinois CPA Society; AICPA Society; CGMA, Association of Certified Fraud Examiners; National Society of Tax Professionals; Illinois CPA Not-For-Profit Board Member, Simeon Alumni Association Board of Directors Member and Secretary. Not for Profit Illinois CPA Society Committee Member and Committee Chair, ICPA A133 Committee Member, Tomorrow Unlimited Board Member.

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