Matthew Foster Email & Phone Number

Washington, Dc, Us

Columbia, Maryland, United States

United States

Cyber-resiliency

Columbia, Maryland

Leader of the annual operating budget and long range financial planning process including the consolidation of ten hospital entities, a research institute, visiting nurses association, managed care insurance program, employed physician practices and numerous diversified ambulatory/PromptCare entities. Enhanced the long range balance sheet and cash flow forecast model to provide numerous debt structure scenarios used by executive management in key financing decisions and timing of major facility projects. Facilitate the evaluation, allocation and approval of the annual capital budget current at $175M. Engaged in the financial evaluation of all major facility projects while enabling the utilization of automated systems to standardize project reviews across the entire system. Manage the corporate budget of approximately $500 million covering key company wide support functions such as information systems, strategic planning, quality and assurance, shared services and legal compliance.

Silver Spring, Md

Responsible for all budget and long range planning activities for the international division with $3 Billion of revenue and $1 Billion in EBITDA including coordination of five international regions around the world. Coordinated the development and maintenance of key monthly financial reports with two direct reports; key reports include complex foreign currency analysis, detailed regional profit and loss statements by key market drivers and executive summary books of actual/forecasted results with key performance indicator commentary on variances for corporate management team. Managed the international corporate budget of $70 Million that covered over 100 separate cost centers and numerous budget owners. Facilitated the implementation of complex international tax structures as key member of taskforce that required comprehensive reporting, process and procedure changes across all European and Latin markets as well as most major corporate functions. Led a team that implemented a new forecasting process that enhanced the level of detail needed to improve key reporting metrics through improved visibility into local currency cash flow for treasury and legal entity pre-tax income reporting for the tax department. Key international liaison with various internal departments: Human Resources (headcount and personnel cost analysis), Treasury (cash flows by currency), SEC Reporting (disclosure and filing requirements), Internal Audit (Sarbanes Oxley compliance), Tax (legal entity reporting), Financial Systems (reporting and system enhancements), Corporate Accounting (US GAAP and other accounting issues), Marketing (benchmark reporting), Investor Relations (earnings release support) and Communications (key facts and figures for external disclosure)

Bethesda, Md

Key member of the regional leadership team reporting directly to the general manager/vicepresident as CFO. Contributed to the financial success of the region through activemanagement of short-term and long-term strategic planning including major capitalinvestment analysis, people development opportunities and an advisor to overall corporatepolicies. Added shareholder value through decisions executed within development,franchising, marketing and corporate assets. Consultant and advisor to franchisees andgeneral manager regarding essential business drivers effecting cash flow and operatingincome including new stores, rebuilds and relocations of existing stores as well asremodels and the offering of financial assistance in specific situations. Built andmaintained relationships with financial institutions and CPA firms to support the ongoingsuccess of the McDonald's system. Ensured that financial practices were sound and inaccordance with accounting rules (GAAP, Sarbanes Oxley, etc.) as well as companyguidelines, polices and procedures.

Copenhagen Area, Capital Region, Denmark

Replaced two finance department staff members on extended maternity leave reportingdirectly to CFO. Fulfilled various tasks including sales reporting, cash flow statementpreparation, operator performance reports, tax projections, budget preparation, and Profit& Loss regression analysis. Promoted to country controller to replace CFO in addition tofulfilling roles as Information Technology, Franchise and Development Managers. Projects included operator reinvestment assistance strategies, optimal menu pricing,rent setting scenarios, extended hour breakeven calculations, commodity price impacts onmargins, impact of new Danish legislation on stock options, project lead for real estatesale to franchisee partner in Iceland, implementation of internal audit procedures,involvement with franchisees on product pricing and impact studies. Served as IT manager approving all IT purchases and worked with McDonald's Europe management team to establish Denmark's IT strategy. Created and monitored annual IT budget. Hired IT professional for home office support enabling termination of 3rd party contract. Served as Development manager overseeing remodel projects for company owned assets. Part of the management team awarded the best McDonald's European Country Performer in 2006.

Oak Brook, Il

Latin American and Asia/Pacific/Middle East/Africa corporate liaison to CFOs based in Oak; direct interactions with over seventy country controllers for the purposeof analyzing and consulting on monthly financial performance. Oversaw five employees'development plans and was responsible for all monthly close processes, managementreporting, and annual planning. Numerous special projects involving contribution margin analysis, business valuations for entire countries, asset impairment testing, sales sensitivity analysis for major joint venture markets and development of the 2004 capital allocation template utilized by allinternational markets for capital reporting that did not exist prior. Oversaw the company reconciliation of the corporate sponsorship of the Olympics resulting in the implementation of contribution rate changes collected from each country within the McDonald's System. Completed and supervised the global year-end close out of income and currency translation for all subsidiaries into the ultimate parent corporation.

Oak Brook, Il

Compiled and analyzed all European management reporting for key business partners at corporate headquarters.

Oak Brook, Il

Deerfield, Il

Integral part of the monthly financial statement close process specializing inconsolidation of subsidiaries and preparation of management reporting. Part of the 3 month transition team; the James River and Fort Howard merger. Instrumental in the conversion from a legacy consolidation software to Hyperion. Prepared sections of the corporation's 10-Q and 10-K filings as well as annual report.

Prepared comprehensive financial statement audits in order to provide an independentauditor's opinion as well as management letters. For most clients also prepared corporatetax returns, personal tax returns for client's principles as well as 401(k) audits and internal controls testing. One of the lead auditors for the Illinois State Gaming Board for Chicagoland RiverboatCasinos. Experience in various industries including manufacturing, hospitality, consulting,construction, municipalities and restaurants. Supervised audit staff on most engagements with direct accountability to engagement.

Mba, Leadership And Change Management

Bs, Accountancy

Activities and Societies: Beta Alpha Psi

Associate Of Science, Business/Commerce, General