Louis Devito Email & Phone Number

Pittsburgh, PA, US

• Responsibilities include the management of Johns Hopkins (JH) Enterprise (JH University and JH Health System) strategic sourcing process and lead process direction, oversight and methods for enterprise contracts for.
• Generated over $180 million in savings.
• Average savings per initiative is approximately 32.2%.
• Built collaborative strategic relationship across all divisions that allowed JH to negotiate in one voice resulting in significant cost reductions, better contract terms, and operating efficiencies without forgoing any.
• Introduced alternative competitive products/solutions from new suppliers that provided significant savings and operating efficiencies without forgoing any quality of service.

Pittsburgh, Pennsylvania, US

• Responsibilities include the management of corporation’s strategic sourcing process and lead process direction, oversight and methods for company contracts for over $750 million in spend for the technology.
• Generated over $120 million in savings in 18 months.
• Identified and implement the best practices on how to procure assets (lease versus buy) that provided cost savings and operating efficiencies.
• Develop a vendor negotiating strategy that has been implemented across PNC procurement that has enable us to develop strategic partnerships with business partners, as well as suppliers/vendors, to enable us to.
• Identified opportunities that has allowed PNC to offer financial services to supplier and vendors conducting business with PNC.

Pittsburgh, PA, US

• Responsibilities include the management of a centralized technology buying function of over $150 million in annual spend for more than 100 colleges/universities servicing over 135,000 students, and 25,000 employees.
• Generated over $34 million in savings over three years.
• Assisted in centralizing procurement department functions, which has obtained optimal value, control and efficiencies across EDMC.
• Identified and implemented operating efficiencies by creating approved product list and eliminating redundancies in the ordering and approval process that allows for a requisition to be processed in an efficient manner.
• Appointed to the Information Technology Counsel of Providence Equity Partners to establish best in class sourcing to payment organization.

Pittsburgh, PA, US

• Responsibilities included management of all areas within treasury management/corporate finance, including capital structure analysis, financial analysis, risk management, investment banking relationships, cash.
• Installed Remote Deposit Capture Devices across entire organization, which allowed for the processing and depositing of tuition checks electronically and accelerated funds availability, reduced cost and enhanced labor.
• Participated in the privatization of EDMC by assisting lead underwriters, negotiating debt covenants of leverage buyout debt, and the planning and execution of transaction proceeds of $3.6 billion.
• Renegotiated EDMC’s $350 million Credit Agreement with the seven banks that participated in the agreement.
• Renegotiated all bank fees pertaining to over 700 accounts resulting in a reduction of cost of over 50%.
• Wrote and implemented all treasury cash receipt handling policies to satisfy SOX reporting requirements.

• Responsibilities included assessing credit worthiness of existing or prospective customers including analysis of financial information, trend analysis, market conditions, and payment history; managed the collections.
• Maintained an average collection time of 33 days, including during the economic downturn of 2002-03.
• Prepared the Consolidated Pro Forma Statements for the acquisition of National Steel.
• Participated in the recruitment, selection, hiring, training and mentoring of 19 members of a staff of 21.

• Responsibilities included preparation and analytical review of financial information for executive management and Board of Directors meetings including dividend declaration, capital expenditures, and forecasted.
• Prepared Management’s Discussion and Analysis included in USX’s Annual Report, Forms 10-K and 10-Q, and other registration filings required by the SEC and entered and filed all SEC filings via EDGAR.
• Prepared quarterly financial presentations for the Chief Financial Officer to give to Board of Directors.
• Prepared relevant reports for executive management performance award program, for presentation to the Compensation Committee of USX Corporation when determining Executive Compensation.
• Prepared reports for dividend consideration; and presentation for annual rating agency meetings.

• Responsibilities included the preparation of financial statement and footnote disclosures in USX’s Annual Report, Forms 10-K and 10-Q, and other registration filings with the SEC. Accomplishments included:
• Determined USX’s financial effects of adoption of new and proposed Financial Accounting Standards Board (FASB) Statements and prepared written responses to FASB regarding these issues.
• Reduced the number of labor hours required to prepare SEC documents for filing by streamlining the preparation process reducing overall cost and inefficiency in reporting.
• Reduced the overall cost of printing all SEC documents by changing the review process and switching to an alternative paper that was used to print filing documents.

• Responsibilities included performing various types of audits and providing recommendations that resulted in significant reduction of overall cost of hiring subcontractors; conducted fraud audits relating to issues such.
• Established new cost plus models with outside contractors, which resulted in millions of dollars in savings.
• Established new audit processes as a result of the lack of segregation of duties that allowed USS the ability to audit certain vendors that had a “Most Favored Nation” clause in the initial agreement, which allowed for.
• Uncovered employee fraud at one of the company’s largest facilities that resulted in improved operating efficiencies.

Responsibilities included establishing and monitoring internal cost control systems; consulting on organizational and operational systems related to financial statement timeliness and accuracy; establishing an Internal Audit Department.

Responsibilities included audit planning and staff supervision, coordinating and communicating between staff partners, management, and clients.

• Master In Business Administration, Finance And Tax

• Bachelor Of Science, Business Administration, Accounting And Finance

High School Diploma