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Date Created: 12/21/15
JANET MONAGHEN, MBA, CPA Wake Forest NC 27587 (Cell) 919-522-1135 - (Home) 919-529-3083 firstname.lastname@example.org - http://www.linkedin.com/in/janetmonaghen ACCOMPLISHED & INNOVATIVE ACCOUNTING / FINANCE PROFESSIONAL PROFESSIONAL & TECHNICAL COMPETENCIES Business Start-Ups, Restructures & Turnarounds Financial Reporting Strategic Leadership Financial Analyses Financial Business Planning Payroll & HR Management Operations Management Accounting Policies & Procedures Corporate Accounting (GAAP / GASB / IFRS) ERP Systems (Dynamics Solomon, Lawson, Platinum) SOX 404 Initiation Implementation QuickBooks, Business Objects, Hyperion Treasury & Cash Management FRX, Report Smith and ADP PC Payroll Budgeting & Forecasting Fluent English, Mandarin Chinese, and Taiwanese PROFESSIONAL EXPERIENCE PHYSICIAN WEBLINK OF CALIFORNIA, INC. ($5.6 million TPA company/insurance/health care), Durham, NC 2007 – 2011 Director, Finance/Executive Department Oversaw approximate $1.8 million departmental budget and managed all aspects of accounting and finance, treasury, payroll activities, strategic business planning, budgeting including capital expenditures, forecasting, risk management, financial analyses & reporting, business line profitability analyses, month end closing, accounts reconciliation, audit & tax return coordination, trend analyses, cash flows projection model creation, operations support, process improvement, initiatives development & implementation, accounting policies & procedures development & implementation, external & internal audit coordination, accounting / financial system maintenance, accounts payable (AP) & receivable (AR) / collections management, banking / vendor relationships, preparation of regulatory reports such as unclaimed properties report and property taxes reporting, contracts negotiation and management, treasury/payroll management, payroll accounting & auditing (including 401K audits) , facility & fixed assets management and leading the identification of IT needs, including accounting / claims system upgrade and reimbursement issues. Increased revenue by more than $220K (approximately 10% of total revenue of a major customer) – via diligent membership / trend analyses; Developed budgeting model to differentiate business line profitability & thereby increasing line profitability by 200%; Spear-headed process improvements for month end close, accounts reconciliation by 50% (from 10 days to 5); Increased cash flows by shortening DSO by 66% (from 30 days after issuance of invoice to 10); Saved more than 10% operating expenses by implementing cost saving initiatives, by obtaining better payment terms and by renegotiation of contracts; Created cash flows projection model to optimize company’s cash flows and maximize interest revenue by more than 50%; Led accounting system and ADP PCPayroll upgrade in addition to presenting IT related options; Catalyzed and implemented accounting policies and procedures. BLUECROSS BLUESHIELD OF NC ($2.8 Billion Health Insurance/Care Company), Chapel Hill, NC 2003 – 2007 Manager, General Accounting/Accounting Department Managed all aspects of corporate accounting/finance activities such budgeting, financial and profitability analyses & reporting, month end closing, SOX 404 compliance, account reconciliation, process improvement, development & implementation, IT projects involvement (accounting system upgrade), fixed assets determination and management, personnel training, unclaimed properties and property taxes reporting & management, external & internal audit coordination and management in addition to tax support. Led a team of 13. Established an accounting department from ground up to ensure timely & accurate financial reporting integrity; Initiated, developed and implemented Sarbanes-Oxley 404 controls specifically related to accounting policies & procedures – mine was one of only two departments of the entire company to receive a clean audit; Recovered more than $200K from a vendor by timely discovering & rectifying payment error; Reduced unclaimed properties liability from more than $1.5 million to less than $400K; Improved month end closing and accounts reconciliation by 50% (from 10 days to 5); Involved in and coordinated accounting system upgrade; Implemented cross-training to empower employees, saved personnel cost and to ensure continuity; Created and executed accounting policies and procedures. Resume, Page 1 JANET MONAGHEN, MBA, CPA LABCORP OF AMERICA ($125 million division). RTP, NC 2000 – 2002 Finance Manager/Finance Department Responsible for all aspects of divisional finance and accounting , including, but not limited to strategic business planning, budgeting, forecasting, designing ad hoc financial reports, performing variance, profitability & financial analyses, month end close, assistance in accounting system conversions (IT), maintenance of internal control, policies & procedures development & implementation, process improvements development & implementation, personnel training, AR and AP management, cash management, audit coordination & tax support. Managed a team of 8. Shortened month end close and accounts reconciliation process by 67% by initiating & implemented process improvements (from 15 days to 5); Mentored and empowered staff by cross-training, thereby shortening cash posting days by 60%; Prevented customer dissatisfaction by averting accounting system upgrade error (notified IT lead accounts receivable error during conversion); Coordinated and validated accounting system upgrade; Set up and implement accounting policies and procedures. APEX BIOSCIENCE, INC. (biotechnology / pharmaceutical company), RTP, NC 1999 – 2000 Controller/Accounting Department Responsible for all financial and accounting activities including budgeting, forecasting, financial analyses, ad hoc management reporting, month end closing, audit, cash management, treasury, maintenance of internal control, AR / AP management, payroll, human resources management, policies & procedure development; audit coordination & tax support, unclaimed properties reporting & management, contracts negotiation and management, payroll management, payroll accounting & auditing, quarterly federal, state and employment tax reporting and accounting system upgrade & maintenance. Managed a team of 2. Detected embezzlement via diligent audit & recovered approximately $100K; Involved in and validated accounting system upgrade; Managed ADP Payroll; Created and instituted accounting policies and procedures; Optimized month end closing and accounts reconciliation process by 50% (from around 14 days to 7). DATANET INC. ($8 million High Tech Company), Raleigh, NC 1997 – 1999 Assistant Controller/Accounting Department Responsible for all aspects of finance & accounting, including, but not limited to financial statements, financial analyses, month end closing, developing & implementing of policies and procedures, maintenance of internal control, process improvements development & implementation, project management, AP/AR management, fixed assets determination and management, collections management, credit management, personnel training, contracts negotiation and management, audit coordination, vendors/customers relationship and preparation of multi states sales tax reports. Managed a team of 3. Increased cash flows by shortening DSO and expediting billing by 70% (from more than 90 days DSO to average 28 days and by monthly billing to weekly); Extended credit terms by 200% (from net 15 to net 45 in some instances) and maximized credit amount to 500% (from $250K to $1.5 million) by fostering vendors relationship; Saved company around $100K by helping a major vendor resolving disputed amount owed; Directed and implemented accounting policies and procedures. Resume, Page 2 JANET MONAGHEN, MBA, CPA NEOMONDE BAKING COMPANY ($3 million bakery & food service company, Raleigh, NC) 1996 – 1997 Controller/Accounting Department Responsible for all aspects of finance and accounting, including, but not limited to financial analyses, strategic planning, budgeting, forecasting, ad hoc management reporting, month end closing, initiation/development/ implementation of policies & procedures, maintenance of internal control, fixed assets determination and management, upgrade & maintenance of accounting system, identification of IT needs, AR/AP management, collections, contracts negotiation and management, audit coordination, operation management support, collections management, payroll management, payroll accounting & auditing, human resources management, treasury function, cash management, facility management, personnel training, unclaimed properties reporting, use & sales tax reporting and quarterly federal, state and employment tax reporting. Managed a team of 2. Designed, recommended and implemented benefits programs to improve employees retention rate by 40%;; Managed ADP Payroll; Reduced operating expenses by installing cost containment initiatives and saved company about 10% on expenses; Led accounting system upgrade project and worked closely with consultants; Created and effectuated accounting policies and procedures. JOHN BOULEY, PC (Independent Law Firm), Oklahoma City, Oklahoma 1988 - 1994 Controller/Administrative & Accounting Department Responsible for all aspects of finance & accounting, including, but not limited to financial reporting, budgeting, month end closing, accounts reconciliation, initiation / development & implementation of policies & procedures, maintenance of internal control, identification and implementation of financial systems / IT needs, AR / AP management, payroll, human resources management, cash management, treasury function, marketing, fixed assets management, collections management, contracts negotiation and management, and quarterly federal / state and employment tax reporting. Supervised 1 staff. Installed accounting software;; Set up and implemented accounting policies and procedures. EDUCATION, PROFESSIONAL DEVELOPMENT & PERSONAL ACHIEVEMENTS OKLAHOMA CITY UNIVERSITY, OK CERTIFIED PUBLIC ACCOUNTANT Master of Business Administration, Finance Member of AICPA, NCACPA, HBA, FENG Bachelor of Science, Business Administration, 1988 Currently working on certification for Certified Financial Planner; Created courses specifically for teenagers to propagate financial literacy, working closely with NCCPA; PR Committee member for NCACPA; Participated in building a foot-bridge & trail maintenance with local Sierra Club; Built a home for low-income family with Habitat for Humanity Society; Graduated with honors Resume, Page 3
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