Member Representative Workers Compensation

MARTHA MORENO, CPA, CGMA

Mobile: 787-***-**** ***************@*******.***

Multi-talented and passionate finance professional with expertise in compliance, S-Ox 404, SOC 2, internal controls, controllership, financial and strategic planning, consulting services, software implementations and taxes within the manufacturing, insurance, service, staffing, medical devices and pharmaceutical industries. Contributing member to senior management teams, including Boards of Directors with experience in both domestic and international operations positively impacting organizations through people, processes and profits. Adept at managing finance, IT, HR and administrative functions, executing changes, developing and implementing successful strategic action plans. Problem solver, negotiator, team builder and outstanding contributor with integrity and honesty.

PROFESSIONAL EXPERIENCE

Martha Moreno, CPA D/B/A Moreno Consulting, San Juan, PR 2021 to present

Providing consulting services in the internal controls, compliance, accounting, financial planning, taxes, operations, purchasing areas for a pharmaceutical CMO startup operations, global pest control company, and local radiology center among other clients and engagements.

Principal

Assist CEOs, CFOs, Chief Business Officers, Chief Marketing Officers and Chief Operating Officers on competitive analysis, Five Years P & L and Balance Sheet Projections for Lenders due diligence processes with PPP Loans and new capital investors. Risk assessment on Balance Sheet General Ledger Accounts and Tax Compliance

Compliance related engagements

Worked as Regional Internal Control Manager of North America and Canada for Broadleaf Results, Inc. assigned to Rentokil in charge of identifying and validating standard internal controls before and after their merger with Terminix in conjunction with their global internal audit team reporting to the UK.

Worked as Office Administrator for a major radiology center. In charge of office, radiology technologists, nurses and medical billing personnel as well as performing accounting, taxes, purchasing, HR, facilities administration functions and process optimizations in order to prepare the center for a future sale.

SBM Management, Sacramento, CA 2020

A $550M top global group of site management and real estates group of 15 legal entities located in US, Puerto Rico, Costa Rica, Singapore & Malaysia

Financial Internal Controls & Compliance Director - Lead Compliance Officer, reporting to the CFO

Member of the senior management team, creating and implementing a brand new internal control department

Enterprise Risk Management, IT Governance, SOP’s for new systems implementation NetSuite and Ultipro; process narratives and action plans for Payroll and Procurement; Grant of Authority; IT SOPs for Access Control as well as for Quality SOC 2 implementation, risk assessment and risk mitigation, process improvement on key controls focusing on over 11K employees’ payroll for US, Costa Rica, Singapore and Malaysia concentrating on time collection, payroll taxes and implementing control measures of System Data and Integrity.

WORLDSTRIDES and EURAZEO Charlottesville, VA – Paris, France 2019

A $500M top global student travel and educational group of 54 legal entities, part of EURAZEO, a French publicly traded portfolio company with $17 billion in assets

Internal Controls Manager - Lead Compliance Officer, reporting to the CFO

Member of the senior management team, implementing internal control measures in compliance with S-Ox and Sapin II, a French anti-corruption law working with Eurazeo’s corporate audit team in France and the Board Audit Committee in US

S-OX 404 implementation, risk assessment and mitigation, process improvement on key controls

Lead Compliance Officer for the implementation of Anti-Corruption Program for 54 entities: Company Code of Conduct, Anti-corruption risk mapping, due diligence for third parties and vendors, and employees trainings

Enterprise Risk Management, IT Governance SOP’s, process narratives and action plans

Risk assessments for COS IT Operating Systems (GRS, GIS, Supplier Systems) and their interface with NetSuite, manual and system controls and corrective actions

BRANDSYMBOL, INC/SAFEMARK REGULATORY CONSULTING, LLC, Charlotte, NC 2016 - 2018

$3M private global branding agency that specializes in corporate branding, name creation, safety and regulatory testing serving the pharma industry and top corporations

Corporate Controller, reported to the President & CEO, with one direct report

Converted operation into a full compliance and lean organization, created cost and tax savings opportunities for over $500K.

Cash management and forecasting, P&L by jobs/projects, financial statement preparation and analysis, tax planning and compliance

Budgeting and forecasting, contract negotiation, and Human Resource management

Implemented process improvement by performing intensive transactional analysis correcting multiple misstatements and system errors for compliance while preparing monthly P&L for 90+ jobs/projects within two months for two entities for an entire year

CLIFTONLARSONALLEN, LLP, Nexia, Winston Salem, NC 2014 – 2016

$700M national CPA firm with over 90 offices across the country, 7th largest firm in the US

Engagement Director, Custom Accounting Solutions Team for public Fortune 500 clients

Interim assignments included CFO, Controller, Accounting Manager, Internal Controls SOX 404, Financial Planning and Cost Accounting Manager.

Project management on strategic plans and forecasts, process improvement on inventory and price variance analyses, sales, transfer and inbound freights key drivers analyses and financial annual audit support

Indirect taxes (Sales, Use, General Withholdings, VAT and others), general ledger reconciliations and process improvement for a global transaction Shared Services supporting operations in seven countries

BAXTER HEALTHCARE CORPORATION, North Cove, NC 2013 – 2014

$11 Billion pharma, biotech and medical devices global company

Senior Finance Manager, reported to the Senior Plant Controller, with nine direct reports

Provided financial leadership for company’s largest medical products manufacturing plant, producing 1.3M IV bags per day, through the management of planning, reporting and S-Ox 404 compliance activities

Managed and reviewed S-Ox’ self-testing audit with internal team and corporate audit

Prepared risk assessments, implemented and revised policies and procedures for reporting and internal controls, and led team in completion of financial reporting and planning requirements

Developed and monitored annual operating plan, strategic plan, quarterly forecasts, monthly cash flow; managed capital base key drivers as well as property, sales and use taxes, capital investments over $300M, product costing, and inventory

Prepared analytics for 10Q Representation Letter

Business partner for the Renal Cell, Engineering and Maintenance Departments and managed the Inventory Shrink Focus Force resulting in a 30% overall improvement on inventory discrepancies and scrap reporting.

Process improvement on cash receipts mitigating risk and saving time

Successfully completed state Use Tax audit for three years resulting in a large reimbursement from prior year’s overpayments and adjustments.

MARTHA MORENO, CPA & ASSOCIATES / ACCOUNTANTS GROUP, San Juan, PR 2004 – 2013

CPA and business consulting firm to Fortune 500 public clients

Principal

Diverse engagements including acting Controllership, S-Ox internal controls and compliance, general and cost accounting, taxes, strategic planning and outsourcing

MERCK & CO/MSP (MERCK-SCHERING-PLOUGH Joint Venture) 2004 – 2009

$40 billion global pharmaceutical company with sales, distributing and manufacturing operations in Puerto Rico

Finance Consultant - Acting Controller and Internal Controls Manager

Member of the Compliance Core team, managed internal controls SOX compliance, PwC’s Financial and Pension Plan Audits and key player on achieving full compliance with S-Ox’ requirements as well as implementing areas of opportunities in finance and operations

Prepared and revised policies and procedures for: Finance, IT, Sales, Administration, Marketing, Legal, Medical departments as well as SOPs for SAP implementation

Internal audit follow ups, SOX testing, risks assessment, administered ICQs (Internal Control Questionnaire) for SOX Section 404 compliance

Key player on tax resolutions on specific areas, successful implementation of SAP and the Shared Business Services

Performed analytical reviews on Financial Statements month-end and year-end closing, approved all manual journal entries and General Ledger accounts’ reconciliations

Reviewed the Long Range Earning Plan (LREP) with the Associate Finance Director

Documented and solved over $8M tax deficiencies with governmental regulators

ACCOUNTANTS IN ACTION GROUP /E.J. LAMOTHE ASSOCIATES, San Juan, PR 1995 – 2004

Founder/owner of Puerto Rico’s first specialized employment agency in the accounting and finance areas providing temporary and permanent personnel to Fortune 500 clients including Merck Corp., Bayer, UBS, Johnson & Johnson, Coca Cola, Wyeth

President & CFO

Provided outsourcing services and recruited CEOs, Cost Accounting Managers, Controllers, Human Resources Directors and other key personnel for major clients

CANTON AGENCY, INC & RELATED ENTITIES, Timonium, Maryland, reported to the VP of Fiscal Affairs 1988 – 1995

Group of Insurance ($300M in Premiums) and Real Estate-related companies providing wholesale services for Railroad Liability Coverage, Reinsurance Coverage as Medical Risk Intermediaries, Nelson Hurst Broker for Lloyds of London, TPAs, Transplants Network and Capstone Large Case Management and Del-Mar Workers Compensation Insurance Adjusters. Encore and North American Insurance Company located in Madison, Wisconsin specialized in Reinsurance Treaties for Life and Health.

Corporate Controller & Assistant Treasurer to the Board of Directors

Key player on Mergers and Acquisitions for new lines of businesses, increasing the premium income by 500%

Project Manager of Redshaw insurance computer software users’ and program optimization by increasing the risks files and general ledger capability from one entity to 26 entities, winning a seat at their Board of Directors

Managed the Accounting and IT teams of 15 staff members; cash flow, financial statements reporting, consolidations, mainframe computer issues and strategic planning (budgets and forecasts)

Tax and Accounting issues involving C-Corps., Subchapter-S, Partnerships and LLP’s

Administered the Workers Compensation Trusts for multiple hospitals

EDUCATION/CERTIFICATIONS

Bachelor of Business Administration, Cum Laude, Accounting, University of Puerto Rico at Rio Piedras

Executive Leadership Certificate, Executive Education Programs, Cornell University, Johnson Graduate School of Management

Certified Public Accountant, State of North Carolina, Active license #39524

Chartered Global Management Accountant, AICPA

TECHNICAL COMPETENCIES

S-Ox 404 and SOC 2: from implementation to full compliance for manual and system controls

Software: NetSuite, SAP, JD Edwards, Oracle, PeopleSoft, PRMS, Lawson GL and Query, Cognos, Hyperion, BlackLine (Administrator, approver and preparer’s roles), SharePoint, Maximo, SAP Business One, NCA Maxim, MAPICS (Manufacturing), Redshaw (Insurance), Accpac Plus, Smart, One Write Plus, QuickBooks, KRONOS, ADP, PayChex, Concur. Microsoft Office: Advanced level Excel, Word and Power Point.

Lean Six Sigma and Toyota Model

MEMBERSHIP / COMMUNITY LEADERSHIP

American Institute of Certified Public Accountants (AICPA) – Active Member # 01542059

Puerto Rico Society of Certified Public Accountants, 1997-2009

Second Vice President, Executive Committee Member, Director & Assistant Secretary to the Board of Directors

President & Founder Puerto Rico/AICPA Vision Project Task Force

President Not-for-Profit Technical Support Committee

President & Founder Woman CPA Committee

Participated as Board Member Representative at the CPA’s Ethics Committee

Member Non-for-Profit Public Relations Committee - Convention Committee, Sponsorships Sub-Committee

Former Member, Board of Directors, Center for Diagnostic Children with Learning Disabilities

Former Member, Board of Directors, Guardian Angels- San Jorge Children’s Hospital

Former member, North Carolina Association of CPAs (NCACPA)

Puerto Rico Chamber of Commerce – Women Entrepreneurs’ Network – former Secretary

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