Manager Accounting

THOMAS J. CALIFRA

** ****** **** ***** 914-***-****

Cortlandt Manor, New York 10567 abibb3@r.postjobfree.com

SUMMARY

Accomplished financial manager with extensive experience in finance,

accounting, and systems development, with multinational scope and

responsibility. Collaborate effectively with professionals of different

skill sets including partners, tax counsel, auditors, benefits plan

specialists and actuaries. An innovative, creative, results-oriented

manager with strong work ethic and dedication to continuous process

improvement.

CORE COMPETENCIES

Management of an accounting control function cost control financial

reporting budgeting cash flow analysis financial forecasting and

modeling risk management tax planning foreign exchange risk and

hedging compensation and benefits (including stock option

accounting) audit defense

PROFESSIONAL EXPERIENCE

McKinsey & Company, New York, New York 1997 to 2010

Manager of Partner Compensation Accounting

Create, implement and manage systems, controls, policies, procedures and

overall operations of partner compensation for over 1,300 partners in 100+

international and domestic locations.

. Developed sophisticated database system to track, cost, and account

for partner compensation, which resulted in vastly improved reporting,

costing, and accounting, reduced administrative costs, and improved

information to support Firm leadership's decision-making process. The

internal development of this system resulted in cost savings exceeding

$10 million.

. Succeeded in the development and implementation of a web-based

compensation and tax reporting system, which allowed partners to view

current and historic compensation as well as capital and tax

information from a secure, user-friendly, intranet-based platform.

This vastly improved the efficiency and communication of information

to the partner, thereby allowing the partner to concentrate more time

on client service.

. Supervise seven professional accountants whose responsibilities

include managing the firm's partner compensation, and analyzing and

recording the firm's largest expense and liabilities. Successfully

motivated team to improve processes in order to realize organizational

goals.

. Planned and collaborated with internal tax counsel team and external

tax advisors in developing tax efficient delivery plans which

resulted in significant tax savings for the firm and its partners

exceeding $50 million annually.

. Implement, and account for, stock based option plans, valued at $60

million, which resulted in improved incentives, tax savings, and

improved analysis of tax risk exposure. Produce the stock option

footnote disclosure for audited US GAAP financial statements and

monitor compliance to FAS123R.

. Manage and account for the firm's foreign exchange exposure and work

closely with Treasury in formulating and administering hedging

strategies which resulted in a significant reduction in forex risk.

. Coordinate with firm's outside actuaries to manage and account for the

senior-partner defined benefit plan valued at $350 million. The

efficient management of this plan provides the incentives necessary

for the successful strategy of partner development.

. Track and analyze partner pension plans and other benefits in kind

such as auto plans and medical and insurance plans in order to limit

tax liability and improve tax efficient delivery of compensation.

Commodore Media, Inc., Stamford, Connecticut 1996 to 1997

Regional Controller

. Supervised accounting operations for entire Northeast region, which

included six media outlets.

. Improved efficiency of operations and controls resulting in increased

cash flow and profitability.

. Improved increase in the turnover of accounts receivable and reduction

of bad debt through standardized credit and collection procedures.

. Improved the timeliness and quality of monthly accounting close and

financial reporting which assisted leadership in formulating strategy.

. Supervised staff of twenty whose responsibilities included general

ledger, accounts receivable, accounts payable, and billing.

Successfully motivated staff to improve collections and billing by 30

days.

. Responsible for the implementation of a new computerized traffic

system which improved costing of advertising spots and increased

revenues.

Horizon Media, Inc., New York, New, York 1990 to 1996

Controller, 1994 to 1996

Assistant Controller, 1990 to 1993

Responsible for all areas of accounting, cash flow analysis, and financial

reporting.

. Designed a cost center accounting system which allowed top management

to better analyze advertising campaign profitability.

. Prepared federal, state, and local tax returns for S corporation.

. Managed the inventory system and implemented controls which

allowed the efficient utilization of advertising spots thereby

improving profit margins.

EDUCATION/PROFESSIONAL AFFILIATIONS

M.B.A./ Managerial Accounting

Pace University, Lubin Graduate School of Business, New York

B.S./Accounting

State University of New York, Oneonta, New York

Institute of Management Accountants, 1997 to present

TECHNOLOGY

Advanced user of Excel. Proficient user of Access, Powerpoint, Oracle

financials, and Cognos

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