Faith Mcdermott Email & Phone Number

Mt. Laurel, Nj

Responsible for financial operations, including Accounts Receivable (billings and collections), Accounts Payable (invoice tracking and payments), Cash Management, Job Cost Reporting (including Work-In-Progress schedules), Sales Tax collection, reporting and remittance to state agencies, Payroll (including payroll taxes and certified payroll reporting), Accounting system maintenance and troubleshooting, month-end General Ledger closing and financial reporting (internally and for use by third party users). Prepare schedules for annual insurance audit; reviewed and incorporated premiums into the labor burden rate, Participate in contract review process, preparing customer required documents to facilitate execution of contract. Evaluate current and alternative health programs at policy renewal to control company costs while maintaining quality coverage for employees.

Union Beach, Nj

Position in new Commercial Casework division reporting to Divisional Vice President, preparing management reports reporting opportunities, sales and invoicing; maintenance and review of project costs utilizing WIP schedule to evaluate and analyze variances from original budget; pre-bid and prequalification questionnaires; liaison with other departments, manufacturer, customers and vendors; support financial activities with preparation of billing and budget forecasts; creation of various excel spreadsheets to support VP with sales management evaluation.

Branchburg, Nj

Initiate accounting standards and maintain financial reporting and responsibility for internal and external users of information for Laboratory Solutions of America and all related divisions of the company.

Somerville, Nj

Responsible for overseeing, coordinating and directing the activities of the Architectural Products (Laboratory casework) division, having full profit and loss responsibility for the division, establishing and achieving business objectives for the Division, providing leadership and direction for the Sales, Estimating, Engineering, Project Management and General Services departments. Establish process controls and process improvement initiatives utilizing LeanSigma methods to assess current processes, restructuring existing systems and insuring process and system metrics are in place to support the corporate growth strategy; provide strategies to define and adhere to standard operating procedures and driving process behaviors.Participates in evaluating project variances, risks and errors and identifies the resources required to solve problems, implement solutions and measures results to drive employee involvement, process effectiveness and increased profitability.

Support project management and accounting functions in the Lab/Architectural Products Division

supervised accounting and financial operations, including cash management, accounts receivable collections, accounts payable, job costing reports; payroll tax reports; prepared workpapers for annual insurance audit and independent accountant's report; provided documentation for forensic accounting investigations and legal issues.

Evaluated and supervised Accounting Department operations, including Accounts Receivable (billings and collections), Accounts Payable (invoice tracking and payments), Cash Management, Job Cost Reporting (including Work-In-Progress schedules), Payroll (including payroll taxes and certified payroll reporting), Accounting system (Timberline) maintenance and troubleshooting, month-end General Ledger closing and financial reporting (internally and for use by third party users).Proposed recommendations for strengthening Internal Control proceduresLiaison with bonding company, banking representatives and independent accountant.Prepared workpapers for Independent Accountant's mid-year review and year-end audit.Compiled prequalification statements for various state and regulatory agencies. Prepared annual budget and monthly variance analysis.Calculated standby and operating costs for construction equipment; allocated cost to projects.Evaluated validity of sales taxes as assessed by vendors, providing exemption certificates when appropriate; calculated and remitted use taxes to respective states when necessary.Prepared schedules for annual insurance audit; reviewed and incorporated premiums into the labor burden rate.

Established and managed all aspects of Accounting Department including hiring and firing, scheduling work and activities, establishing policies and procedures, training, evaluating performance, and motivation of employees.Directed and strengthened Internal Control guidelines for Accounting Department.Prepare prequalification statements for bidding requirements. Coordinated responsibilities of receivable functions within the department, balancing areas from initial project set-up through close-out of construction projects.Developed and streamlined receivable/payable procedures, improving relationship with customers and vendors, positively impacting cash flow.Implemented accounting guidelines and audit procedures for Inventory maintained in warehouse, including actual physical count and reconcilement.Formulated and reviewed monthly territory sales reports and appropriate allocation of operational expenses for each territory.Developed sales commission earnings reportsPlanned and organized Human Resources Department, including compiling of the company's policies into a formal Personnel Manual.Evaluated current and alternative health programs at policy renewal to control company costs while maintaining quality coverage for employees. Assumed responsibility of safety manager, including review and implementation of safety procedures and preparation of OSHA reports.Liaison between independent accountants (preparation of workpapers for annual review report), depository managers (reports for covenant compliance), insurance and surety agents (annual review of policies and premiums for general business and health care programs, compiling figures for annual audit and preparation of reports for third party owner controlled insurance programs) and various federal, state and local tax authorities.Recommend and develop company goals, establish policies for employee goals and customer satisfaction through participation in Senior Management Team Meetings.

Mba, Finance

Bs, Accounting/Finance