Manager Financial

Fesshaye Embaye, BBA, MBA, Ed. D

Phoenix AZ ***** ***********@*****.*** 602-***-****

Manager/Senior Auditor/Supervisor Accounting

Analytical and solutions-oriented professional with extensive experience in managing financial activities, executing audit tests, determining audit compliance issues, and generating detailed reports in accordance with GAGAS. Proven success in determining and employing improvement opportunities to refine and improve audit system. Possess in-depth knowledge and understanding of GAAP guidelines, Sarbanes-Oxley, GSA, Arizona Revised Statutes (ARS), and Federal Cod of Regulation. Adept at monitoring financial and budgetary matters to accomplish financial accountability and transparency. Resourceful individual; thought management courses at University of Phoenix and Texas Southern University. Proven expertise in:

Finance & Economic Evaluation

Project Planning & Execution

Budgeting & Forecasting

Merger & Acquisition

Financial Audit

Finance / Mortgage/Real estate

General Ledger & Financial Reporting

Risk Assessment & Mitigation

A/R, A/P and Collection Supervision

Corporate and SOX Audit

Team Building & Leadership

Other audit performed: Financial, Pre-award, Overhead rate, Incurred cost, Performance audit, Rental surcharged and Construction…

PROFESSIONAL EXPERIENCE

Arizona Department of Transportation (AZDOT), Phoenix, Arizona

Senior Auditor, 2017 to June 30, 2019

Gather and collate data, evaluate financial trends, and produce detailed report for future reference as well as examine compliance with defined financial and federal code of regulations.

Conduct detailed analysis of financial data and document to check accuracy and regulatory compliance. Deliver active support in developing and executing an improved performance audit program. Guarantee adherence to Federal Code of Regulation, Title 48 by assessing pre-award rate, overhead rates, and incurred cost. Carry out complete audit tests in line with approved audit program and record results as per Generally Accepted Governmental Auditing Standards (GAGAS). Maintain appropriate record by generating audit reports along with results in accordance with GAGAS.

Key Contributions:

Created auditing group and designed and standardized audit programs and workpapers that used throughout the audit process.

Enhanced skills and performance of all senior auditors to perform incurred cost audit and performance audit through proper training and coaching.

Researched and determined ongoing compliance issues, process improvement opportunities, and required efficiency to ensure seamless execution of work.

Chair meetings and conduct presentation on audit results.

Arizona Department of Revenue (AZDOR), Phoenix, Arizona

Senior Auditor/Tax Analyst II, 2014 to 2017

Liaised with audit staff to streamline audit activities, kept proper check and balance on team’s performance, and provided constructive feedback to improve productivity.

Administered post-audit quality review function, monitored and analyzed audits to guarantee completeness, compliance, and adherence to statutes and legal decisions. Supervised and defined audit scopes, programs, objectives, procedures, and deliverables to attained desired objectives. Planned, scheduled, and reviewed all tax audits completed by Arizona department of revenue Luxury Tax Unit to check accuracy and avoid inconsistencies. Responded to and resolved team problems by providing administrative process and forum.

Key Contributions:

Rendered expert advice and recommendation to management on required changes in business processes and procedures.

Steered research to identify tax, interest, and penalties owed and summarized results accordingly.

Trained new employees on audit procedures and standards.

Texas Department of Public Safety, Houston, Texas

Program Compliance Auditor V, 2013 to 2014

Served as a commercial vehicle safety audit investigator and performed investigation on commercial vehicle motor carriers to confirm adherence to state and federal regulations.

Conducted in-depth analysis to assess violations and imposed fine during the investigation. Shape and deploy the compliance audit program to ensure adequate risk-based assessment of all applicable quality, regulatory and clinical requirements for each location throughout the fiscal year.

Engage and partner with site Quality leaders/managers in planning, deploying, reporting and follow-up of audit activities.

Support external agency and corporate inspections, as required

Educate tax payers with regard to the local, state and federal laws and administrative responsibilities.

Key Contribution:

Serve as lead auditor for site internal audits. Provide compliance-related training to site personnel as required; e.g., use of Audit Data Management System response entry, Root Cause determination methodologies, Quality System fundamentals, etc.

International Enterprise LLC, Houston, Texas

Director of Operation, 2005 to 2013

Established and managed a successful independent insurance, mortgage, driving education, and real estate agency as well as headed overall operations to confirm smooth running of functions.

Led, directed, and controlled staff of five insurance, real estate, and mortgage agents as well as supported to complete assigned tasks within timeline. Maintained proper check and balance to ensure all procurement processes, records, and management information systems adhere to state and federal laws and regulations. Structured and simplified processes to effectively manage revenue integrity functions.

Key Contribution:

Appointed with 10+ insurance companies, wrote $1M of insurance premium, and sold $2M value homes.

Adopted best practices and procedures to adeptly deal with all company accounting and tax process.

PANHANDLE EASTERN PIPELINE COMPANY / DUKE ENERGY

Additional experience as Manager: Financial Planning and Business Development at Panhandle Eastern Pipeline Company/Duke Energy for 25 years (November 1981 to May 2005)

Implemented, managed and controlled company’s capital and operating investment $100,000,000 - $150,000,000 yearly. Evaluated all company capital expenditures and managed a staff of 15 professionals.

Mitigate business risk through capital project economic evaluation, in-depth review of credit line request, cash and insurance management, and selecting the appropriate accounting methods for various business activities.

Handle over $50,000,000 long term debt between the company and several banks. Negotiate and handle all transaction germane to the debt and act as liaison between the banks and the company.

Led research efforts relating to customer satisfaction measurement and modeling of key drivers; market segmentation; positioning research related to value-added products and services; message and concept testing; and others as needed.

Supervise the performance of investment analysis and economic evaluation for all capital discretionary projects in order to put the alternatives under consideration into a comparable economic perspective such that the optimum choice can be made. The process is conducted by working closely with other departments: Marketing, Legal, Accounting and others as applicable to ensure all pertinent information is defined within the scope of the agreed transaction.

Key Contribution:

As Manager of Contract administrator: Reconciled and negotiated $71,000,000 of natural gas imbalanced owed to company and $33,000,000 of natural gas indebtedness for 1,500 contracts, for over 350 customers, resulted with net income to the company of $38,000,000.

Initiated, directed and developed an E&P company (CMS Oil and Gas Eritrea) in Eritrea East Africa. Currently generating $ 50,000,000 gross income / year.

EDUCATION

Doctorate of Business Education (Ed. D): Business Administration

Texas Southern University, Houston, Texas

Masters of Business Management (MBA): Management, Minor: Marketing

Texas Southern University, Houston, Texas

Bachelors of Business Administration (BBA) Cum-Lauda: Accounting, Minor Finance

Texas Southern University, Houston, Texas

Other:

Wrote industry training manuals for “Economic Evaluation” and “Introduction to Oil and Gas Industry”, and taught both subjects to senior management and staff twice a year.

Prepare and wrote several training manuals for new employee orientation

As professor of business, I taught Accounting and Management courses at University of Phoenix and Texas Southern University

Published book: “Eritrea from self determination to self-reliance”, 2013, (Amazon.com)

Foreign Language:

Tigrinya

Amharic

Currently studying Spanish.

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