Timothy John Shanahan

CPA CIA CFE

sxkeg0@r.postjobfree.com

(US Citizen) (UK HSMP)

Dynamic global manager with experience in building and working with start-up and mature listed companies in regulatory reporting change management business transformation employing analytical and decisive negotiation and team building skills. Experience with Real estate development Retail Airlines Telecommunications/IT platforms Manufacturing Software developers Insurers Financial services Energy and Steel Mills and Mining with hands on use in SAP JD Edwards Oracle Navision and Hyperion. Conversational in Dutch Spanish and French languages.

• Business modeling off-shore emerging markets financing • Acquisition & Divestiture Negotiations

• Operations finance and systems integration • Multi-Site/country operating management SOX integration

• Company valuation modeling • Internal control framework development

• International Tax structures Strategy and M&A • Shared service operating experience and integration assessment

Project Initiatives March 2005-Present

Client engagements:

Summer Infant Inc. Rhode Island Infant care product design and distributor

Business Process project manager for year one SOX SEC section 404 compliance reporting.

Compiled enterprise risk assessment risk and control matrices tested key business process and application key controls and remediated failed controls.

Recommended increased automated financial controls in Microsoft Dynamics/Great Plains around Procure to pay cycle. Specifically Vendor selection Purchasing and Receiving required a reduction of manual elements in the sub-process. Demand solutions and a warehouse management solution as bolt-on applications to Great Plains were suggested.

Africa Mining (Canadian listed confidential) Democratic Republic of Congo Katanga province

Internal Audit Manager

Implemented best business practices to establish an onsite internal audit function to create the appropriate control and risk assessment climate (in accordance IPPF). Addressed control gaps around ten business cycles including supply chain and vendor management and conducted supply chain and vendor audits to reach agreement on improvements. Documented and designed the mining site internal control framework and integrated key financial and systems controls within Sage X3 ERP implementation project. Advised client for improved automated controls within Sage X3 implementation effort for Supply chain Procure to pay and Financial Statement close process. Completed enterprise based risk assessment on mining site operations and related financial statement impact. Following twenty hours of upstream and downstream underground mine logistics and management functions recommended the following improvements to corporate policies and procedures:(1) submitted the Corporate governance charter to the Board of Directors (BOD) (2) Submitted the Audit Charter the Audit Committee of the BOD (3) Submitted an Internal Control framework to the Audit Committee (4) Submitted an enterprise risk assessment of in-country operations for the Congo and South Africa to the Audit Committee (5) Addressed upstream/downstream underground mine procurement risk management and health safety and security control and process gaps with functional management teams. Further addressed inventory and mineral reserves valuations metrics deployed for valuation and gaps identified within plant operations for inventory measurement in different form of work in progress.

Nuance Communications Inc. Burlington MA Belgium Austria Germany Spain $1 Billion software developer in speech recognition systems Senior Revenue Assurance Manager

Worked with and advised the internal legal to design an improve contract management and work flow process system platform. Addressed operational post acquisition and systems integration work on Philips Speech Recognition Systems in Austria Germany and Spain for Belgium shared service integration. Strategized the creation of an Japan Toiya entity into to Belgium shared Service for accounting invoicing contract development and order management to eliminate redundant costs in Japan operations. Addressed the strategic and operational alignment of Philip Speech Recognition services for software licensing and professional services in the health care market with operations in Belgium. In Shared service facility improved the revenue Assurance workflow process for enhancement of preventive controls within revenue recognition policy and procedures and built controls within the new contract management system to enhance the revenue assurance process. Worked with revenue assurance team to improve royalty data accumulation reporting and invoicing timing to ensure timely revenue recognition. Improved royalty reconciliation process by creating standard reporting templates for distributors and channel partners.

Harsco Corporation Inc. Camp Hill PA Leatherhead UK Poland Romania and Greece (15 months)

Deputy Program Manager for multi-billion $ US listed industrial conglomerate in rail access steel mill and metals and minerals Global Tax reorganization and business transformation project. Working closely and ensuring coordination with US and European Finance Directors Legal departments Tax Directors Treasury Directors Global external legal advisors External valuation advisors and Global PWC to support a 200 legal entity restructuring encompassing debt analysis and debt push down transactions assessing entity valuation computations analyzing transfer pricing issues and addressing new company HFM configurations and transaction input. Worked with the Treasury department on debt assessment and FX movements. Prepared closing pack on the 20 new legal entities in HFM including journals for accruals and any reserve provisioning. Effected the reduction in global tax provision by 3%. In order to assess legal entity valuation substantial work was executed around shared service financial planning department in order to calculate 10 year forecast and enable DCF and market value entity valuation. Analysis of CFC entities Fin-48 and SFAS-109 and check the box assessment matters.

Following the successful conclusion to the global tax reorganization assisted the Director of Systems and Procedures to integrate Sarbanes-Oxley compliance internal control framework in-country risk management corporate health and safety programs and IT systems in new Steel Mill service companies in Poland Romania and Greece. Worked with company general managers to incorporate Harsco corporate wide policies and procedures customer and vendor assessments sales and supply chain/procurement workflows.

Royal SunAlliance PLC Liverpool UK

Financial Reporting SOX Consultant 8 billion Pound Sterling Insurer (7 months)

Assisted the Program Director in the documentation and control testing effort on over 500 key business controls and 50 processes for the UK entity. Directly responsible for delivering complete documentation and testings of controls within the Financial Statement Close Process. Worked closely with process and control owners management accountants and the consolidation team to ensure a zero issue rating from external auditors. Documented and test application controls within the IT framework.

The Bank of Ireland Dublin Ireland

Remediation SOX Consultant with the largest bank in Ireland

Supported the remediation effort on a 200-staffed SOX project including addressing control documentation and design issues with 28 business units. Evaluated deficient key controls on impact scoring for assessing potential 20F disclosure. Reviewed and assessed risk on over 1 500 key business and IT controls and the related testing of controls. Worked closely with other project work streams comprising of BOI staff E&Y KPMG and external auditors PWC. IFRS Financial Statement scoping and risk analysis.

McAfee Ireland Ltd Cork Ireland

SOX Program Manager for a multi-billion $ software developer (8 months)

Assisted the Vice President of Internal Audit the PMO and the Finance Director in supporting the company EMEA SOX effort in Ireland and US subsidiaries for a software developer and Antivirus security solution provider. In Key Control testing assisted the BPO in complete cycle documentation Key Control identification and process flow diagrams. Documentation included benchmarking control objectives to control activities reviewing modifying process flows and assisting management in remediation effort and testing effort with D&T. Supported US SOX PM on EMEA control fail scoring efforts revised benchmarking mapping efforts and revised key control activity wording. Tested IT general and application controls around SAP to ensure SOX 404 compliance.

Trintech Technologies Dublin Ireland

SOX Manager

Assisted the Finance Director in supporting the company EMEA SOX effort in Ireland and US subsidiaries for a Card scanner reconciliation software developer solution provider. Conducted full cycle documentation risk analysis and scoping evaluation for year one compliance reporting.

Robert Half Management Resources Inc. (multi-billion USD management consulting firm) USA August 2000-March 2005

Client engagements:

Symbol Technologies/Motorola Holtsville NY (17 months)

Senior Financial Consultant for a $4 billion mobility solution manufacturing group

Assist the Director of Internal Audit and Chief Financial Officer on Global Sarbanes-Oxley compliance matters including documentation disclosure committee development Finance and Accounting for revenue recognition and financial statement close process. Responsibilities and accomplishments include: Acting Revenue Assurance manager responsible for covering the bundled project revenue recognition project assuring compliance with SAB 101 and SOP 97-2 (and other related provisions). Provided VSOE calculations on bundled arrangements. Quarterly review assistance for external auditors covering revenue assurance verification and documentation. Detailed work with SAP R3 on varying modules including process and functionality improvements to ensure timely and efficient transaction processing and information gathering. Central order management and bookable order criteria and revenue recognition process review and modification. Continuous monitoring with order management for sales order processing and invoice billing logistics and distribution and inventory control management. Supported the sales finance department by providing logistics and distribution process improvements. Provided financial analysis of channel partners and distributors. Responsible for the monthly deferred revenue calculation and various reserves provisioning under FAS-48. Shared service structuring in international markets.

Exelon Group Philadelphia PA

Senior Financial Consultant for a $20 billion energy group

Assist the Vice President of Internal Audit assuring Sarbanes-Oxley compliance. Documented process flows key financial control identification process test-work and directly worked with senior management in evaluating and assessing documentation in revenue.

LCC Inc. and LCC Egypt Ltd Northern VA and Cairo Egypt (7 months)

Financial Controller in Telecommunications/Cell Tower deployment

Interim Financial Controller for LCC Egypt Ltd. Cairo (Subsidiary of LCC International Inc. McLean VA). Responsible for complete financial turnaround of company with contracts with Vodafone Telecom Egypt and Lockheed Martin for the consulting and design of country s deployment of wireless network. Business development on contracts Siemens-Egypt and Telecom Egypt. Restructured accounting functions to ensure accurate reporting under statutory and GAAP regulations. International tax planning and coordination.

Siemens Corporation Woodbridge NJ

Senior Financial Consultant for $40 billion conglomerate

Working closely with Managing Director of Shared Services to reconcile and prepare accounts for fiscal year audits. Average account balances covering intercompany to affiliates and third parties requiring billing are $50-200mm. Substantial working knowledge of JD Edwards and SAP for account configuration billing financial modeling and reporting. Over two months have collected $100mm in aged receivables from affiliates and third parties. Reconciled 20 bank accounts. Addressed valuation issues with corporate tax department.

Cini-Little International Inc. Washington D.C.

Financial Controller for a boutique architect firm

Interim Financial Controller for Cini-Little International Inc. for a boutique architect firm to improve Finance department function with emphasis on billings cash management accounts receivables and financial reporting.

Ogilvy Public Relations Worldwide Washington D.C

Senior Financial Consultant for $ multi-billion media and advertising firm

Financial Consultant on various matters of financial due diligence. Auditing of account balances and recommending control procedures. Interim Controllership Cash management Accounts Receivable management billing and Collections.

Shandwick International and Cassidy Companies Inc. (Sub of Interpublic) Washington D.C.

Senior Financial Consultant

Public Company Public relations-administration Lobbying and Communications. Providing financial advice to CFO on acquisition transaction of Cassidy. Performing interim controller functions with financial due diligence with Great Plains Elite and Pro Am accounting systems. Improving cash management structure and recommending new policies and procedures to improve internal control environment.

Water & Sand International Capital LTD and related subsidiaries May 1991-August 2000

Gibraltar Monaco (resident) Caribbean West Indies region and Curacao (resident)

Business model and strategy development in Telecommunications and IT gaming platforms

Managing Director

Provided financial management services accounting domestic and international tax advice banking management legal and trust referral services to NVs AVVs and BVIs to over 20 clients with a total capital investment of over $30 mm in computer hardware telecom switching networks and ground stations engaged in the development of International Casino and offshore gaming structures.

Client work on proprietary software development/internet hosting foreign site development ISP graphic analysis call center configurations and Verisign security measures for online transaction processing with a volume of over $200 mm per year. Responsible for Royalty contracting billing and accounting. Engaged in financial management services for public company reporting NASDAQ to BB to full registration investor relations work road show planning SEC compliance filing reporting consolidations foreign currency transactions international US GAAP reporting and foreign and USA tax planning. Business development modeling for offshore clients and banks for credit card processing (POS and on-line) for e-commerce development in a $3 billion industry. Established network of voice platform service bureaus from Monaco Caribbean West Indies and Curacao with average annual revenue between $60 to $100 mm and a bottom line margin of 40% and an average dividend contribution of $15 mm to 30 shareholders. Arranged financing with leading international banks of a $20 mm line of credit including the International Nederland Bank (ING) and the Bank of Nova Scotia for receivable financing (working capital) and capital equipment programs which allowed the company to expand and employ many local residents throughout Curacao The West Indies and Monaco. Held in-depth contract discussions with governmental organizations in Monaco Curacao and the West Indies telecom administrations of Cable & Wireless to set-up business contracts and telecom equipment placements. Developed financial management system internal control structure and accounting systems for a new venture capital international telecommunications group in voice network application platforms with the long distance government international telco. Worked with external audit group Deloitte & Touche for year-end statutory filing of financial audit and tax reports. Responsible for foreign currency transactions and international banking transactions. Evaluated and planned company financing structure for over $40 mm in working capital and equipment needs with ING.

USAirways Inc. Arlington VA June 1989 January 1991

Internal Audit Manager

Managed and trained six financial auditors for the purpose of conducting compliance operational and financial audits in various high risks functional areas for a $7 bb domestic and international airline. Developed audit plan for financial and operational compliance for 200 airport locations including leasing contracts catering fueling property management advertising contracts and landing fees. Utilized computer based audit techniques.

Woodward & Lothrop Incorporated/John Wanamaker Stores Alexandria VA October 1987-May 1989

Internal Audit Director for $ multi-billion retail department store chain

Participated in the acquisition of John Wanamaker Stores and completed due diligence work. Developed managed and trained a staff of 8 financial and 2 system auditors to ensure quality audit coverage within a 32 department store organization employing approximately 16 000 people and generating annual revenue of over $1 bb. Also developed audit plan and programs for high-risk exposure areas. Completed monthly analytical reviews and quarterly compliance audits on financial statements and financing transactions store lease reviews and control review on the $100 mm Flagship store renovation.

Reznick Group USA 13th largest Accountancy and Tax firm Washington D.C. metro area December 1981 October 1987

Supervisor (Audit and Tax)

400 professional staffed regional firm with principals from Grant Thornton and clients throughout the US and 15 offices. Performed compilations reviews and audits on clients representing sector industries of real estate development syndicators builders contractors property management and professional financial service organizations. Supervised audit teams of 5 staff and seniors for the firm s diverse client base. Prepared tax returns and tax projections on real estate limited partnership managed by reputable syndication s and property management organizations. Substantial partnership tax compliance and strategy development.

Education and Certifications:

Bachelor of Business Administration in Accounting Audit and Tax. Old Dominion University

President of University Accounting Club and directed the process for the establishment of National Honorary Accounting Fraternity Beta Alpha Psi.

Chapter Vice President the Institute of Internal Auditors

Certified Public Accountant Virginia Department of Commerce

Certified Internal Auditor the Institute of Internal Auditors

Certified Fraud Examiner the Association of Certified Fraud Examiners

Completed parts of the Institute of Certified Management Accountant-completed 3 of 5 parts

Certified Financial Planner exams-completed 3 of 5 parts.

Contact this candidate