Michael Lipchock, Mba Email & Phone Number

Saint Petersburg, Fl, Us

Folsom, Nj

• Owner of all Non-Regulated businesses, Service Company, and corporate consolidation (all entities) • Manage team of 3, focused on a positive, supportive, inclusive, flexible environment while delivering results • Partner with Tax, Treasury, Accounting and Rates to ensure uniformity and avoid overlap• Own quarterly reporting of consolidated projected results to various business partners• Construct annual O&M and Capital budgets / bi-monthly forecasts and supply monthly… Show more • Owner of all Non-Regulated businesses, Service Company, and corporate consolidation (all entities) • Manage team of 3, focused on a positive, supportive, inclusive, flexible environment while delivering results • Partner with Tax, Treasury, Accounting and Rates to ensure uniformity and avoid overlap• Own quarterly reporting of consolidated projected results to various business partners• Construct annual O&M and Capital budgets / bi-monthly forecasts and supply monthly results: o Partner with Operations teams: Solar, Fuel cell, RNG Dairy, RNG Landfills SJRG, EnerConnex o Partner with Service Company teams: HR, Legal, Procurement, Risk, Environmental, Fleet • Construct monthly cashflow forecast and analyze deviations • Ensure data is consolidated correctly and loaded into Hyperion and successfully transferred to Workday• Load budget/forecasts/actuals to Power BI and ensure dashboard is updated accurately• Review confidential proformas for business development Show less

Folsom, Nj

• Served as a liaison between Rates, FP&A, and Accounting, compiling discovery responses that overlapped departments• Owned annual FERC reporting, coordinated between all business areas and automated various portions utilizing ERP data • Managed all incoming discovery requests degerming which needed to be delegated and to whom, ensuring timely completion• Constructed Labor and related testimony, successfully changing the companies approach resulting in +$1M in additional… Show more • Served as a liaison between Rates, FP&A, and Accounting, compiling discovery responses that overlapped departments• Owned annual FERC reporting, coordinated between all business areas and automated various portions utilizing ERP data • Managed all incoming discovery requests degerming which needed to be delegated and to whom, ensuring timely completion• Constructed Labor and related testimony, successfully changing the companies approach resulting in +$1M in additional revenue• Assisted FP&A to complete various annual budget / forecast items• Compiled and presented data to Senior Management in a digestible, easily updateable format Show less

Woodcrest, Nj

• Present results and projections to Executive Leadership Team• Supervise, guide and mentor junior-level personnel across various locations• Ensure accurate monthly closing process ($3.3B revenue); prepare monthly reports, assess results and present findings• Devise labor management and overhead budgets using an automated budget upload tool to separate plan dimensions, thus eliminating the need for manual steps• Play a key role in the Landing Zone process; create presentations… Show more • Present results and projections to Executive Leadership Team• Supervise, guide and mentor junior-level personnel across various locations• Ensure accurate monthly closing process ($3.3B revenue); prepare monthly reports, assess results and present findings• Devise labor management and overhead budgets using an automated budget upload tool to separate plan dimensions, thus eliminating the need for manual steps• Play a key role in the Landing Zone process; create presentations for the Board of Directors and Executive Leadership• Upgraded standard budget models to decrease inefficiency and align with evolving business needs• Manage the Six Sigma Yellow Belt team that designed a dashboard for VPs, yielding $500K in annual savings• Streamlined variance analysis for 10Q and 10K reporting including drafting commentary• Create scenario analysis tools for various market conditions• Respond to PWC inquiries in a timely, detailed manner Show less

Voorhees Nj

• Backed a team in designing and executing a Depreciation Model and Feeder Tool including company training o Model allowed for users to run SAP, BI and Power Plant reports o Used the tool to automatically load the model with data needed to compute Depreciation and Removal Costs• Eliminated multiple iterations with the Capital Planning team; allowed FP&A to extract data already present in company systems• Successfully budgeted and forecasted $1B in yearly capital… Show more • Backed a team in designing and executing a Depreciation Model and Feeder Tool including company training o Model allowed for users to run SAP, BI and Power Plant reports o Used the tool to automatically load the model with data needed to compute Depreciation and Removal Costs• Eliminated multiple iterations with the Capital Planning team; allowed FP&A to extract data already present in company systems• Successfully budgeted and forecasted $1B in yearly capital spending• Established the Standard AFUDC Forecast Tool for Equity and Debt• Generated monthly projection best practices for IP/RP projects• Collaborated during Capital Project Review meetings to determine AFUDC status Show less

Voorhees, Nj

• Mentored and professionally-developed Junior Analysts• Developed and led all monthly reporting including Financial and Business Reporting Packages • Directed financial planning and analysis activities for NJ and NY water companies, with annual revenues of $850M • Consolidated and analyzed monthly dashboard metrics including Hyperion data approval• Recovered $3M in lost revenue from Hurricane Sandy • Crafted various budget models centered on production costs, revenue and… Show more • Mentored and professionally-developed Junior Analysts• Developed and led all monthly reporting including Financial and Business Reporting Packages • Directed financial planning and analysis activities for NJ and NY water companies, with annual revenues of $850M • Consolidated and analyzed monthly dashboard metrics including Hyperion data approval• Recovered $3M in lost revenue from Hurricane Sandy • Crafted various budget models centered on production costs, revenue and labor• Served on the Finance Reorganization Team to evaluate the present state and help build future state• Worked in conjunction with Supply Chain staff to evaluate real savings and deliver overall support at all phases of the BID process Show less

Voorhees Nj

Responsible for preparing pro-forma analysis/testimony for rate case expense items; Labor, 401K, DCP, Group Insurance, Employee Stock Option Plan, Sick Bank, Retiree Medical, and Payroll Taxes. Testimony consisted of reviewing all union contracts and collaborating with HR and Accounting to ensure compliance. Prepare detailed analysis at the individual employee level and determined a position beneficial to the company while maintaining creditability with the Board of Public Utilities. Respond… Show more Responsible for preparing pro-forma analysis/testimony for rate case expense items; Labor, 401K, DCP, Group Insurance, Employee Stock Option Plan, Sick Bank, Retiree Medical, and Payroll Taxes. Testimony consisted of reviewing all union contracts and collaborating with HR and Accounting to ensure compliance. Prepare detailed analysis at the individual employee level and determined a position beneficial to the company while maintaining creditability with the Board of Public Utilities. Respond to rate counsel Discovery Requests, review BPU witness position, prepare discovery questions for BPU witness, and draft rebuttal testimony. • Managed largest O&M expenses in excess of $80M• Successfully argued capitalization percentage through analysis, $1.6M gain• Defended company’s group insurance position by building a detailed bridge of costs, $4M increase Show less

Deptford Nj

• Supervised all Finance Department functions including the development and management of a $30M annual budget• Introduced intricate accounting systems that complied with all accepted government best practices• Closed at the end of each month and prepared numerous useful, informative reports in the process; aimed throughout the process to streamline procedures that cut down on waste levels and inefficiency• Reconciled accounts and adjusted reserves accordingly• Served as an… Show more • Supervised all Finance Department functions including the development and management of a $30M annual budget• Introduced intricate accounting systems that complied with all accepted government best practices• Closed at the end of each month and prepared numerous useful, informative reports in the process; aimed throughout the process to streamline procedures that cut down on waste levels and inefficiency• Reconciled accounts and adjusted reserves accordingly• Served as an effective first contact for external auditors and in a Project Manager role to lead key business efforts • Transitioned assigned projects from concept through to finalization; defined work scope and project objectives in the process • Billed and collected from a series of state and federal grants that totaled over $25M • Slashed overtime levels by 11% and cut down on the number of payroll errors by 20% during tenure Show less

Chester/Philadelphia, Pa

• Directed financial and administrative operations for three Pennsylvania facilities; included management of $8M in annual budgets• Led monthly closing, including journal entries, account reconciliations, P&L, balance sheet and cash flow analysis • Prepared and presented detailed monthly financial reports; also handled grant processes monthly including billing, collections and compliance measures• Coached and supervised the Billing and Finance Departments, which totaled up to 12… Show more • Directed financial and administrative operations for three Pennsylvania facilities; included management of $8M in annual budgets• Led monthly closing, including journal entries, account reconciliations, P&L, balance sheet and cash flow analysis • Prepared and presented detailed monthly financial reports; also handled grant processes monthly including billing, collections and compliance measures• Coached and supervised the Billing and Finance Departments, which totaled up to 12 personnel• Cut the level of bad debt write-offs by 20% • Effectively brokered negotiations that resulted in $500K in additional revenue Show less

Master Of Business Administration (Mba), Finance, General

Master Of Science (M.S.), Prelaw

Bachelor'S Degree, Sociology

Activities and Societies: Tau Kappa Epsilon

Accounting

13 Accounting Credits

Six Sigma Yellow Belt

Rate Making