EUGENE J. FOLEY

** ******* **** ***********, ** *4074 732–580–7994 adleky@r.postjobfree.com Linkedin.com/in/genejfoley

FINANCE & ACCOUNTING MANAGEMENT PROFESSIONAL

Well-respected, ethical finance and accounting management leader with record of driving improvements to financial reporting, process/procedures, and cash flow. Skilled at extracting opportunities to reduce costs and support revenue initiatives. Strong communication and interpersonal skills utilized to lead and build cohesive teams, interact with executives, and foster teamwork. Extensive experience with a broad spectrum of financial analysis, general ledger accounting, SEC reporting, and SOX compliance.

Financial Leadership Competencies

Financial Planning Cash Flow Analysis General Ledger: Account Reconciliations Balance Sheet P&L

Journaling & Review Internal & External Audits Financial Reporting Variance Analysis Project Management

ERP Systems GAAP Reporting ASC 606: Revenue Guidance Financial Tools & Automation Financial Modeling

Forecasting Productivity Measurements Budgets Profitability Analysis M&A Tax Compliance A/R A/P

Professional Experience

Consolidated/FairPoint Communications, Portland, ME September 2007 – July 2018

CNSL acquired FairPoint in July 2017, expanding products and service portfolio to serve customers across 24 states.

Director/Sr. Mgr, Revenue Accounting 2014–2018 Accounting Mgr 2008–2014 Sr. Accountant 2007–2008

Snapshot: Third employee hired for FairPoint's newly formed Northern New England division to quickly establish accounting and finance departments as company purchased Verizon telecommunications assets with revenue for new acquisition exceeding $1B annually. Scaled accounting and finance departments to meet all requirements for accounting, audits, SOX compliance, and best practices. Oversaw all facets of Revenue Accounting for the company; including JE submissions, audits, trending, new product offerings, and financial reporting.

Earned numerous promotions due to continually exceeding expectations and driving business results. Collaborated with senior management on financial planning, revenue trending, feasibility reporting, finance and accounting matters. Managed and motivated teams of 5-12 employees. Reviewed and ensured quality over financial transactions, processes, procedures, and reporting. Strengthened internal controls and compliance.

Selected Highlights:

Met 100% compliance by understanding and implementing new 606 Revenue Recognition rules, including supporting schedules, required documentation, and disclosures on current/past ramifications.

Reduced monthly, quarterly, and year-end close time from 7.5 to 3.5 business days; increased productivity identifying gaps in efficiency and implementing improvements.

Delivered high levels of quality services, meeting all SEC quarterly and annual reporting requirements; fostered customer-focused environment to satisfy requests for financial information from numerous sources: internal and external auditors, FP&A, Regulatory, Tax, and other stakeholders.

Developed reports used in financial reporting, trending, and analysis; determined annual revenue budgets and monthly forecasts and monthly forecasts.

Reduced departmental costs from 5% to 35% yearly with cost reduction strategies and operated department under budget.

M & A Highlights:

Saved $1M+ annually by absorbing FairPoint's legacy accounting team, reducing headcount, and centralizing revenue accounting team, including ERP System, billing conversions, journal entries, and flux statements.

Provided information as requested by senior management and governmental agencies throughout the acquisition and merger process with Consolidated Communications.

Director, Revenue Accounting — Consolidated/Fairpoint Communications Continued

M & A Highlights Continued:

Transitioned seamlessly from BDO to E&Y auditors and Oracle to PeopleSoft Accounting during merger.

Process & Operations Improvement Highlights:

Automated manual production of reports saving monthly payroll hours and improved reconciliations and analysis by introducing new financial reporting system, Tableau.

Developed and implemented efficient processes and increased productivity with BlackLine Accounting Software.

Reduced variance deviations for A/R by managing IT project to understand timing and reconciling items; improved reconciliation process on retail account receivable and documented variance to subsidiary ledger.

Glowpoint Inc., Hillside, NJ December 2005 – August 2007

Cloud-based communication service provider focused on video conferencing and webcasting.

Director, Finance

Snapshot: Hired for tax expertise and earned promotion within 2 months after identifying savings, improving cash flow concerns, and handling restatement of company's quarterly and annual financial statements, including filing of 10K and 10Q reports with SEC.

Managed team of 5 handling A/P, A/R, GL, and financial reporting. Met compliance with all state tax and licensing requirements across US; prepared annual report for all states. Accountable for all activities pertaining to insurance policies company-wide, correctly submitted, maintained proper levels of insurance, and oversaw audits.

Selected Highlights:

Reduced NY state tax liability from $1M to $48K by working with NY auditors and providing proper documentation for reductions; worked with all state auditors during field audits reducing liability.

Negotiated with vendors on payments, reductions, and better terms resulting in improved cash flow.

Improved efficiency and processes implementing Sarbanes-Oxley processes; analyzed, recommended, and hired third-party administrator to prepare and file all state requirements for sales and use taxes.

AT&T/Teleport, Bedminster, NJ July 1994 – July 2005

American multinational conglomerate holding company and world's largest telecommunications company.

Senior Financial Manager: AT&T, 1998–2005 Financial Analyst: Teleport/AT&T Acquired, 1994–1998

Snapshot: Directed and reported actual monthly performance with identified budget variance explanations and causal analysis for $250M budget. Maintained financial integrity for all transfers and revisions to the budget throughout the year. Developed headcount needs analysis based on productivity factors for key operational drivers.

Selected Highlights:

Honored to receive AT&T's Network Operations Paragon Award–Celebrating Excellence in Execution; awarded to top 1% of employees worldwide for contributions and exemplary performance.

Created reports and displayed results for Emerging Markets; highlighted operational issues and profitability.

Provided accurate financial guidance and recommendations to all levels of management; prepared financial timetables and forecast reports ensuring forecast represented best estimates and trends.

Identified and assessed new opportunities to drive access costs out of $3B expense; analyzed and provided recommendations for on-net strategies, budget management, contract negotiations, price/cost, and tariffs.

Earlier Years: Controller, DVC Worldwide: Advertising Agency Accounting Supervisor, General Adjusting Bureau

Education

Bachelor of Science in Business Administration — Villanova University, Villanova, PA

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