Joanne Murphy Email and Phone Number

Developed and manages program/team of Contract Analysts for large US Refiner--performing pre-payment invoice review (PPIR) services as part of client's Corporate SCM Team. Out of contract spend is rejected in the current period and value captured on the front end. Established processes ensure PTP cycles remain constant. Invoices are paid on time, ensuring positive outcomes when credit memo recovery is warranted. PPIR teams perform a mitigating SOX control which supports accurate and timely financial reporting creating a win-win for both entity level stakeholders and project level managers. Recently developed/manages program specifically to test current period charges processing through the TRACK Materials Module. For companies using TRACK this program promises to be a game changer in the rejection and recovery of out of contract miscellaneous charges processed through TRACK MM. The preliminary results of this budding program are extremely promising. As the program matures it will be integrated into CPRS propriety software to enhance processing power of working papers and provide cross functional running tests that will redefine validation processes for charges pacing through this complex module. Additionally, manages several small project teams of post-payment reviewers.

Primarily worked for and alongside the Foundation's Controller and Director of Federal Acquisition Activity. Performed and monitored contractual invoicing and accounting processes for Federal Acquisition projects on Department of Defense contracts regarding medical research performed alongside US Military Doctors and Principal Investigators. Each Federal Contract was unique in its design and character and required extensive review and backup documentation collection as well as monthly manual invoice creation and submission which required close collaboration/communication with FAAD Department Project Managers and Staff. Instrumental in design and setup of project and job structures (WBS) for new accounting system implementation (JAMIS) for all active and open Federal Acquisition projects. Assisted in the creation of a mapping tool designed to import year-end data into the new accounting system and manually entered large data sets where mapping was not an option. Created WBS and invoicing structures for all newly awarded Federal contracts per their unique contract terms and funding break-out structures. This required document creation and maintenance in SharePoint, JAMIS, Excel, MS Word and Ms Outlook. Worked with Govt. Contracting Officers to ensure invoicing compliance and submitted monthly invoices through the Govt. system; monitored rejections and performed collection activities for unpaid invoices.Created, reviewed and distributed monthly financial reports to the CFO, President, and Federal Acquisitions Activities Department Director. Monitored, calculated and booked fee revenue on Federal projects and devised a system to calculate revenue recognition on active projects based on various metrics. Worked with the Controller to create and file the Foundations CASB DS-1 disclosure statement regarding cost accounting policies and procedures to the assigned Federal Cognizant Agency in preparation for future DCAA Audits.

Performed Joint Venture Audits of onshore and offshore oil and gas wells located in major shale plays of North America and offshore blocks in the Gulf of Mexico which involved traveling to and auditing the accounting records of myriad oil and gas operators and sometimes their supply chain vendors. Working knowledge of several major accounting systems to include SAP (related to the extraction and analysis of historical transaction data). Understanding of A.A.P.L. Model form Agreements as well as COPAS Accounting Procedures and Model Form Interpretations (MFI’s) and Accounting Guidelines (AG’s). Familiarity with GAAP, SOX 404, and COSO frameworks as they relate to financial reporting, SOX testing, and process monitoring. As Project Lead, created audit programs, scoping documents, work papers, team work assignments and status reports. Reviewed, approved and submitted team work papers, all interactions with audit hosts and edited team supporting documentation. Submitted information requests and field exceptions to audit hosts and weekly status reports to Management. Managed and approved team travel budgets and directed adjustments to field work and scope as warranted. Drafted client management letter and host/target summary of findings letters. Tested host company accounting records for propriety, accuracy, authorization, valuation, cutoff, rights and obligations, allocation methodologies, contractual compliance, division of interest, sales and use tax treatment, revenue distribution, safety and regulatory compliance and internal control leveraging.

Conducted SOX testing and operational audits at Company headquarters in Enid, Oklahoma, and regional field offices in OK, ND, SD and MT with emphasis on process economy, SOX compliance, asset control, personnel safety, and joint account changeability. Conducted Joint Venture Audits onsite and offsite for myriad working interest partners for all phases of the audit process. Balloted shared participation in field work and findings, drafted planning memo's, audit reports, response/rebuttals and management summaries. Cross referenced and archived work papers and report findings. Conducted SOX process owner interviews, control testing, monitoring and reporting; performed internal control Narrative and Matrix writing and test results tracking (COSO and FASB frameworks). Performed entity level control evaluation and testing, monitored fraud risk evaluation and documentation. Hosted Grant Thornton’s external SOX auditors and performed pre and post fieldwork tasks in support of their work.Performed SAP conversion and end-to-end process testing and assisted in the interviewing of process owners and subsequent rewriting of all SOX process narratives (IT, Revenue, AP, AR, Treasury, etc.) their scoping and matrices, and testing work papers, resultant of an accounting system conversion from SSI to SAP. Performed onsite inventory of Company and Vendor oil field equipment yards and Company well sites in ND, MT, SD and OK. Drafted mapping and reporting of inventory findings to the appropriate managers. Created a tool for measuring Economy, Efficiency and Effectiveness of key processes within the operations environment which utilized an informal question and answer format within a scoring and color coded framework in order to isolate and identify the control weaknesses within a given process. The tool was tested by an operations supervisor and results submitted to relevant managers for feedback and input. The resultant feedback was positive.