Nancy Closs Email & Phone Number

New York, Ny, Us

Managed a global team of 80+ employees located in India, Singapore, Scotland and the US that processed accounts payable, T&E, payroll and cash reconciliations for the firm. KEY ACHIEVEMENTS:• Established one of the first shared services area; optimizing global footprint for cost efficiency • Scaled operations successfully by growing staff by less than 10% when firm grew by over 100%. • Reduced costs by 10% by implementing a workflow application for accounts payable. • Consolidated Asia operations by creating a Shared Services team reducing personnel by 25%• Improved overall efficiency and control by 25% by automating cash reconciliations.• Integrated 95% of firm’s acquisitions onto the central core applications by deal close date• Achieved permanent cost savings of nearly $1 million through a business process re-engineering project in the T&E, AP, Market Data and Cash Reconcilement operations.• Facilitated transparency and SLA monitoring by designing first operational metrics for Finance• Created a risk-based audit for Travel & Entertainment reports that reduced head count by 50%.

New York, Ny, Us

Responsible for processing all payments for the firm be it Compensation or non-compensation payments of the firm and accounting for them by adding responsibilities for global accounts payable and travel entertainment.KEY ACHIEVEMENTS:- Implemented Accounts Payable Workflow system moving from paper to image technology- Restructured payroll, accounts payable, and travel and entertainment functions- Upgraded the Travel and Entertainment application, Concur, and commoditized application and travel policy worldwide- Oversee the budgeting and accounting for compensation and accounts payable accounts at each local legal entity for US GAAP and MIS purposes.- Integrated substantial acquisition that doubled size of firm into standard applications by close of the deal- Managed teams is Asia, Europe and North America total over 40 employees globally

New York, Ny, Us

Oversaw global payroll processes and administration ensuring statutory, regulatory and tax reporting were compliant. KEY ACHIEVEMENTS:• Re-implemented payroll applications to improve and meet service level expectations• Negotiated and managed SLA’s and contracts with 3rd party payroll providers• Initiated a task force to improve controls around the compensation accounting process • Restructured chart of accounts to ease of financial statement preparation & reconciliation • Coordinated new reward initiatives with Human Resources ensuring quality service delivery• Implemented numerous systems – local payrolls, stock accounting, deferred cash awards globally• Authored accounting policies on the accounting for compensation• Vice Chair of ADP’s Advisory Committee for Comprehensive Outsourcing

Zurich, Ch

Directed compensation operations which included budgeting global compensation, overseeing regional payroll processing hubs, generating financial reporting, SOX and regulatory compliance monitoring. KEY ACHIEVEMENTS:• Originated and constructed a global database of all compensation schemes across 40+ countries• Designed in-house stock accounting system utilizing the employee stock administration database• Implemented US GAAP/IFRS accounting policies related to RIFs, stock and deferred compensation. • Integrated the $12 billion DLJ acquisition on time and with no day two critical deficiencies• Saved 10,000 man hours through development of a standard cost allocation of benefits. • Budgeted firm’s entire benefits programs by legal entity, by MIS and geographical location

Zurich, Ch

Oversaw processes for monitoring and tracking global expenses, cost allocations, and information management systems. Served as a member of the Global Expense Management team. KEY ACHIEVEMENTS:• Reduced month end close from 12 days down to 2 days• Eliminated accounts and cost centers by +40% through standardization of the Chart of Accounts.• Decreased costs by over $1 million after an analysis of functionality of the Ledger Control Team that led to the transition to an automated system. • Increased corporate savings by $500K by relocating London team to Singapore. • Created a direct cost allocation policy to monitor individual areas’ spending.

Zurich, Ch

Managed global direct and indirect cost allocations operations, including compliance with Global Cost Allocation agreements. Oversaw Y2K compliance for all expense systems outside of accounts payable.KEY ACHIEVEMENTS:• Ran the Global Allocations Committee, setting cost allocation protocol for all lines of business.• Directly supervised 14 employees stationed in worldwide offices. • Initiated a re-engineering project to streamline global expense processes. • Analyzed and refined procedures to streamline business and accounting processes.• Reviewed and updated centrally booked expense accruals for compliance with US GAAP

New York, Ny, Us

Was Controller and Strategic Planner for firm responsible for all financial reporting, accounts payable, budget, cash reconcilement, cost accounting, and strategic planning functions.

Mba, Finance, Accounting And Information Systems

Bs, Finance