Kevin Hughes Email & Phone Number

Portland, Maine, United States

Lead agency and grant budgeting for a $24MM NONPROFIT organization. Manages accounting and payroll staff and provides leadership with guidance on both operational and capital decision making with dynamic and fluid forecasting, project development and strategic insight. Collaboration and leadership with both internal and external stakeholders such as federal, state award management entities, annual external audits, large acquisitions.

Lewiston/Auburn, Maine Area

• Develop the $4.6 MM annual budget encompassing 5 individual programs with various funding sources including, Federal, State, and municipal entities. Created budget “windows” that allowed for both fiscal and annual revenue & expense streams and allocation of funding based on number of students and activities in each program segment.• Maintain and oversee general ledger including revenue, expense, and balance sheet accounts. Effect correct program identifiers and classifications. Performed all accruals, adjusting JE’s, & monthly financial reporting packages. Responsible for full year end close including audit, trial balances, GL reviews, and valuations of inventory on hand.• Create, manage, and update all fiscal policies to guidelines set forth by federal, state, and GAAP regulations.• Supervise payroll function & personnel from processing to reporting including W-2, 940, 941, & 945 Federal tax filing forms. • Manage all contracts & procurement including payroll, insurance, banking & investment, supplies, business equipment, & capital and building leases.• Perform and oversee full cash management and treasury functions including grant drawdowns, bank reconciliations, and cash flow planning.• Oversee both fixed asset and inventory accounting; execute annual SF 425 reporting for capital expenditures greater than $5 K, inventory management, dispositions, and end of year accounting. Maintain full real estate and facility valuations and occupancy expenditures including rents, heat, electricity, maintenance, and other for 8 locations.• Provide leadership and guidance to Executive Director and key management personnel to maintain Federal, State, and other grant requirements. Advise our Board of Directors on funding of strategic initiatives.• Coordinate fiscal year end external audit review, annual fiscal self-assessment, and Federal Monitoring visits.

South Portland. Me

• Manage key projects related to strategic implementations including boarding, adjudication, process, credit lines, invoicing, rebates, and tax components. Work closely with implementation managers on assuring successful customer launch and servicing.• Lead in project initiatives within WEX that improved efficiency, mitigated risk, and maximized profitability.• Created management metrics reporting and presentations identifying both business opportunities and risks.• Developed comparable fleet aging model for the full line of Mastercard accounts as well as forecasting template to assist high growth accounts in managing their receivable balances against tight credit lines, streamlined numerous strategic receivables metrics models reducing monthly reporting time by 80%.

Portland, Maine Area

Developed annual budget, 5 year strategic plan, balance sheet and profit/loss reviews, and various financial models for monthly, quarterly, and annual reporting.Provided in-depth analysis and support of business initiatives through creation of performance metrics, capacity plans, forecasting and variance models, and other rate/volume drivers.

Greater Boston Area

For S&H Greenpoints, created the 3-year strategic plan utilized by board of directors and investors. Analyzed key revenue and expense areas within a $36 MM revenue startup company, and provided CFO with valuable gross margin analysis with focus on point redemptions pertaining to merchandise, certificate, and GPS. At Hasbro Interactive, Produced month end reports reflecting sales, rebates, and cost of goods sold by account and product lines for Sales and Marketing Managers. Created detailed matrix of product lines, descriptions, product numbers, genre of products, pricing, etc., for 160+ game selections.At Fleet-Boston Bank,Managed the entire budget process for the occupancy related charges on over 1,500 ATM sites.

 Developed and prepared annual budgets for rollout of Charlotte Call Center from pilot phase with $2.5 million in capital expenditures to the final $11 million full service implementation. Procured $700,000 in Pennsylvania grant funds to help offset training and system infrastructure costs for 500-employee Allentown Call Center. Established the financial framework for the completed rollout of eight call centers from Connecticut to Florida with annual operational expenditures exceeding $250 million. Provided leadership through training and directing the 10 financial analysts recruited for this “Future Banking Implementation.” Consolidated financial statements, created budgets, and performed full financial projections for a $6 billion card products portfolio. Constructed extensive models to analyze various volume and rate variances, statistical sampling and ratios, loan, revenue, and expense trends. Presented recommendations to senior management on effective utilization of warning bulletin reporting to maximize cost savings while minimizing fraud susceptibility. Saved an estimated $1.5 million in 1996 MasterCard interchange fees. Effectively managed an accounting staff of eight responsible for transaction balancing, general ledger reconciling, AP/AR functions, payroll, taxes, and collections. Designed, developed and implemented new accounting systems and procedures increasing operational efficiency and reducing unnecessary overtime.

Master Of Business Administration - Mba, Financial Planning And Services

Bachelor Of Business Administration (B.B.A.), Business Administration, Accounting

Minor in Russian Language & Culture Economic Geography Computer Science coursework included code in Pascal & Visual Basic Advanced Excel.