Résumé of Qualifications
Darrol J. Woods, Ph.D.
Madison, Mississippi 39110
Phone: 601-***-****
Email: ******.*****@*****.***
Darrol J. Woods, Ph.D., MBA, CPA, CFE
STATEMENT OF PURPOSE
To commit my strong work ethic, high standard of attention to detail, exceptional leadership, and administrative skills, to enhance the reputation and overall vision of the organizational.
SUMMARY OF QUALIFICATIONS
Dynamic, results-focused professional with an impressive record of accomplishment in business administration, accounting and finance, and education and training, Exceptional in evaluating organizational needs and superintending the financial and administrative features to consistently achieve and surpass operating goals. Articulate communicator with effective influence, persuasive communication, and negotiation skills.
Core competencies include:
• Strategic Planning & Implementation • Policy & Procedural Issues Development
• Budgeting & Forecasting • Financial Management & Analysis
• Program/Project Management • Educational Programming & Evaluation
• Leadership & Development • Competitive Success
• Sales & Marketing • Fiscal Management
• Investments & Securities • Auditing and Review
Thorough knowledge of: Financial Analysis & Reporting, Operational Analysis & Improvement, General Accounting, Regulatory Compliance, Budgeting & Forecasting, Fiscal Management, and Internal Auditing
EDUCATION
JACKSON STATE UNIVERSITY - Jackson, MS
Doctor of Philosophy
Major: Higher Education
Dissertation: “Athletic Directors’ Responsiveness to Various Constituents in Meeting Departmental Goals”
MISSISSIPPI COLLEGE – Clinton, MS
Master of Business Administration
Concentration: Accounting
MISSISSIPPI VALLEY STATE UNIVERSITY - Itta Bena, MS
Bachelor of Science
Major: Accounting
PROFESSIONAL EXPERIENCE
UNIVERSITY OF MISSISSIPPI MEDICAL CENTER – Jackson, MS 10/21 – current
Senior Internal Auditor
Plans, develops, and executes financial statement, operational, and compliance audits
Collects and analyzes data to detect deficient controls, fraud, waste, or non-compliance with laws, regulations, and UMMC policies
Prepares and compiles data into final audit reports for presentation to management and recommends changes in operations and financial activities
Inspects account books and accounting system policies and procedures to ensure conformity to guidelines and to identify weaknesses or inefficiencies in operation
Examine department records to ensure proper recording of transactions and compliance with laws and policies
Examine and evaluate financial and information systems and recommends measures to ensure system reliability and data integrity
Darrol J. Woods, Ph.D., MBA, CPA, CFE
Prepares detailed reports on audit findings
Coordinates information requests with external auditors as needed
Plan, coordinate, and implement internal auditing program by conducting routine and special audits and reviewing effectiveness of internal controls, financial records, documents, and operations
THE WOODS GROUP, LLC – Jackson, MS 08/19 – Pres.
Chief Operating Officer
Development and administration of an athletic audit program on behalf of the Mississippi Community College Board for the Mississippi Association of Community and Junior Colleges
Provide internal auditing of all student-athlete financial aid awards including: federal, state, and local aid to ensure awards meet MACJC and NJCAA rules and regulations
Assist with the development and administration of compliance protocols and processes; and identify noncompliance of awards and eligibility for student-athletes consistent with MACJC and NJCAA rules and regulations
Conduct athletic compliance audits at each MACJC institution annually; or when it has been determined by the MACJC Commissioner of Athletics
Advise on rules and regulations, noncompliance, and penalties
Suggest and implement, as appropriate, new rules, policies, and best practices in an effort to improve all 15 community college athletic programs
Prepare audit reports of finding(s), outline discrepancies/noncompliance, and recommend corrective actions and penalties consistent with rules and regulations of the MACJC and NJCAA
Examine and analyze internal control structures and systems, accounting records reliability and accuracy, and make recommendations for improvement
Utilize the MACJC Athletic Management Tracking System for monitoring data on student-athletes
Reconciled revenue and expenditures for South Carolina State University’s Department of Athletics
Completed NCAA reports and EADA reports at South Carolina State University’s Department of Athletics
Assisted with game day operations to provide back on proper and effective management with South Carolina State University’s Department of Athletics
Assisted with BANNER training to Athletic Administration at South Carolina State University
LINCOLN UNIVERSITY – Jefferson City, MO 07/18 – 07/19
Assistant Vice President/Controller
Overall supervision, coordination and policy development of all financial accounting and reporting functions of Lincoln University – general accounting, grant accounting, accounts payable, student accounts receivable, payroll, cash management and investment
Manage and provide leadership to staff in General Accounting, Grant Accounting, Accounts Payable, Purchasing, and Payroll Departments
Responsible for internal and external financial reporting, coordination of annual audits and preparation of audited annual financial reports as well as other fiscal documents: Integrated Postsecondary Education Data System (IPEDS), EADA and NCAA Reporting, Comprehensive Annual Financial Report (CAFR), Bond Indebtedness
Utilize external audit requirements, generally accepted accounting principles, and governmental rules and regulations to perform monthly and year-end closeout
Responsible for monitoring budgets vs. actual expenditures and guidance in financial administration sponsored grants and contracts
Maintain strong financial management and appropriate accounting controls – develop policies and procedures to strengthen internal controls
Recommend and institute appropriate institutional measures that impact the University’s Rules and Regulations
Implement and administer an efficient cash management system
Darrol J. Woods, Ph.D., MBA, CPA, CFE
Handles cash and investment management of university funds, long-term debt management, and endowment management
Issues routine reports to board of curators and external constituents and publishes annual audited financial statements
Maintain continuous interaction with internal and external constituencies
Assist the Vice President for Administration and Finance on projects as needed
JACKSON STATE UNIVERSITY – Jackson, MS 12/11 – 01/18
Sr. Assoc. Athletics Director/Fiscal Management
Assist the Athletics Director of Intercollegiate Athletics in the daily administrative and fiscal operations and management of the athletic budget unit
Review and approve expenditures from accounts and budgets for coaches and staff which include state funds and gift accounts
Review all expenditures for proper documentation and authorization prior to forwarding to appropriate offices across campus for processing
Make requests for budget adjustments through the Office of Budget and Planning to properly align accounts
Ensure daily maintenance and log in of accurate internal ledgers and records and reconcile monthly with university ledgers
Distribute ledgers to the appropriate athletic budget units which include current monthly balance sheets
Request and establish new accounts as needed for existing sports programs or activities
Assist in set up of accounting records and tracking system for new accounts as they are established
Forecast and recommend athletic fees to be accessed to the student body
Compile, analyze, and submit yearly budget requests for the Department of Athletics
Review expenditure requests throughout the year including travel, operating and supplies, equipment purchases, and professional services and various personnel appointments
Provide monthly budget reports to the AD and CFO on status of accounts and projections for future expenditure impacts on various accounts
Collect, compile, and interpret financial data each year and maintain reports using database and spreadsheet programs
Responsible for coordinating information to submit blanket bids for game uniforms, equipment, supplies, media relations, ticketing, and transportation used by Athletics during the fiscal year
Under administrative direction, responsible for the business management and supervision of athletic facilities and for carrying out and implementing policies relative to the management and supervision of such facilities
Assist in planning, managing, coordinating, operating, and evaluating, athletic and activity programs for the University
Expertly maintain, control, and balance the Department of Athletics annual budget of $6 million
Provide accurate and timely financial data and advice through internal control reviews, budget reviews, inventory reviews, and other financial analyses and audits as well as reporting status, issues, and problems
Assist in determining charges and arrangements connected with the rental of athletic facilities and staffing for various events
Responsible for collecting designated funds and their deposit to appropriate accounts
Effectively maintain control of revenue from ticket sales and solicit support internally and externally
Plan, develop, and implement a comprehensive marketing and promotional plan to maximize ticket revenue, group sales campaign, and attendance for assigned sports
● Provide effective leadership and supervision to Ticket Office, assigned staff, and students
Assist student athletes in the areas of course enrollment, college and university requirements, NCAA regulations, study strategies and skills, career planning, graduate/professional school preparation, and internship development
Darrol J. Woods, Ph.D., MBA, CPA, CFE
Work as a team member with the Athletics Academic Advisor to provide coordinated services for student athletes
Troubleshoot problems with Office of Admissions, Financial Aid and Scholarships, Budget Office, Human Resources, Accounting Services, and Internal Auditing as needed
Sport Administrator for Baseball, Men’s and Women’s Golf, and Men’s and Women’s Track & Field
UNIVERSITY OF MISSISSIPPI – Oxford, MS 08/10 – 12/11
Project Administrator for the William Winter Institute for Racial Reconciliation
•Supervise fiscal and administrative records; prepare monthly budget statements
•Maintain departmental inventory, purchasing/travel paperwork, and process payroll
•Direct student workers and interns
•Ensures compliance with policies and procedures
•Designs and oversees data collection and maintenance
•Coordinate, plan, and direct events for certain projects
•Write press releases, newsletters, and work with media and public relations for press distribution
•Communicate with donors, local, and federal entities
•Provide technical writing and budget preparation
•Manage and coordinate the daily activities of a grant funded project
•Researches and identifies needs and available resources for grant funded projects
•Assists with designing, developing, implementing, and evaluating efforts for reports and proposals
•Serves as spokesperson for assigned projects
GRAMBLING STATE UNIVERSITY - Grambling, LA 01/09 - 07/10
Associate Athletics Director/Finance
Assist the Athletics Director of Intercollegiate Athletics in the daily administrative and fiscal operations and management of the athletic budget unit
Review and approve expenditures from accounts and budgets for coaches and staff which include state funds and gift accounts
Review all expenditures for proper documentation and authorization prior to forwarding to appropriate offices across campus for processing
Make requests for budget adjustments through the Office of Budget and Planning to properly align accounts
Ensure daily maintenance and log in of accurate internal ledgers and records and reconcile monthly with university ledgers
Distribute ledgers to the appropriate athletic budget units which include current monthly balance sheets
Request and establish new accounts as needed for existing sports programs or activities
Assist in set up of accounting records and tracking system for new accounts as they are established
Forecast and recommend athletic fees to be accessed to the student body
Compile, analyze, and submit yearly budget requests for the Department of Athletics
Review expenditure requests throughout the year including travel, operating and supplies, equipment purchases, and professional services and various personnel appointments
Provide monthly budget reports to the AD and CFO on status of accounts and projections for future expenditure impacts on various accounts
Collect, compile, and interpret financial data each year and maintain reports using database and spreadsheet programs
Responsible for coordinating information to submit blanket bids for game uniforms, equipment, supplies, media relations, ticketing, and transportation used by Athletics during the fiscal year
Darrol J. Woods, Ph.D., MBA, CPA, CFE
JACKSON STATE UNIVERSITY - Jackson, MS 10/02 - 08/08
Assistant Athletics Director/Athletics Business Manager
Under administrative direction, responsible for the business management and supervision of athletic facilities and for carrying out and implementing policies relative to the management and supervision of such facilities
Assist in planning, managing, coordinating, operating, and evaluating, athletic and activity programs for the University
Expertly maintain, control, and balance the Department of Athletics annual budget
Provide accurate and timely financial data and advice through internal control reviews, budget reviews, inventory reviews, and other financial analyses and audits as well as reporting status, issues, and problems
Assist in determining charges and arrangements connected with the rental of athletic facilities and staffing for various events
Responsible for collecting designated funds and their deposit to appropriate accounts
Effectively maintain control of revenue from ticket sales and solicit support internally and externally
Plan, develop, and implement a comprehensive marketing and promotional plan to maximize ticket revenue, group sales campaign, and attendance for assigned sports
● Provide effective leadership and supervision to assigned staff and students
Assist student athletes in the areas of course enrollment, college and university requirements, NCAA regulations, study strategies and skills, career planning, graduate/professional school preparation, and internship development
Request and establish new accounts as needed for existing sports programs or activities
Assist in set up of accounting records and tracking system for new accounts as they are established
Review and approve expenditures from accounts and budgets for coaches and staff which include state funds and gift accounts
Review all expenditures for proper documentation and authorization prior to forwarding to appropriate offices across campus for processing
Make requests for budget adjustments through the Office of Budget and Planning to properly align accounts
Ensure daily maintenance and log in of accurate internal ledgers and records and reconcile monthly with university ledgers
Distribute ledgers to the appropriate athletic budget units which include current monthly balance sheet
ACADEMIC TEACHING EXPERIENCE
Grambling State University & Jackson State Univ. – Grambling, LA & Jackson, MS 08/09 – 06/18
Adjunct Professor of Sports Management
Teach undergraduate and graduate level Sports Management courses in the areas of Sports Management and Sports Finance. Provide academic support via student engagement and advisement leading to the successful matriculation and graduation of students within the program.
CERTIFICATIONS/LICENSURE
Certified Fraud Examiner (CFE)
Certified Public Accountant (CPA)
FINANCIAL PROJECTS
Jackson State University (JSU) Division of Athletics Support Initiative (ASI) - $600K annually
Jackson State University (JSU) Division of Athletics Facilities Enhancement Project (FEP) - $3.9M
Darrol J. Woods, Ph.D., MBA, CPA, CFE
Created the first Athletics Foundation at JSU - Jackson State University Athletics Foundation
Secured a $2.8M grant from Mississippi Department of Human Services
Developed a football season ticket plan for JSU that sold over $600K (highest in school history)
PRESENTATIONS
“Budget and Finance.” Grambling State University, Grambling, Louisiana
“Budget and Finance.” Mississippi ARC (Actively Reaching Communities) Conference, The University of Mississippi, Oxford, Mississippi
“Budget and Finance.” NCAA Visit: 930 Initiative Grant, Jackson State University, Jackson, Mississippi
“Budget and Finance.” Ph.D. Program, Jackson State University, Jackson, Mississippi
“Sustainability Efforts and Strategies.” NCAA Conference, New Orleans, LA
“Optimizing Degree Completion Opportunities.” NCAA Conference, New Orleans, LA
PROFESSIONAL DEVELOPMENT
NCAA Leadership Institute for Ethnic Minority Males and Females
Sports Management Institute
PROFESSIONAL MEMBERSHIPS
American Institute of Certified Public Accountants (AICPA)
Association of Certified Fraud Examiners (ACFE)
College Athletics Business Management Association (CABMA)
National Association of College and University Business Officers (NACUBO)
REFERENCES
LeAnna Torres, CPA, CIA, CHIAP
Director of Internal Audit
University of Mississippi Medical Center
*******@***.***
Steven Martin
Commissioner of MCCB Athletics
Mississippi Community College Board
*******@****.***
Jerald Jones-Woolfolk, Ph.D.
Former President/Lincoln University
**************@*****.***
Vivian L. Fuller, Ph.D.
Former Director of Athletics/Jackson State University
*******@***.***
Wheeler Brown
Former Director of Athletics/Jackson State University
**************@*****.***