Stephen Nickerson Email & Phone Number

• Responsible for development of intermediate and long-term demand and financial forecasts and plans for $70 billion (annual revenues) organization. Assists senior leadership in developing strategies to meet ongoing financial challenges.• Testimony before regulatory commission was integral in the Postal Service being authorized to assess higher postage rates, resulting in $4.2 billion in additional revenue.• Represent the Postal Service in briefings of Congressional staff and assist corporate communications and government affairs functions in developing communications to effectively explain complex financial issues. • Developed financial analyses/scenarios of pending legislation affecting the Postal Service, including complex estimates of the costs and savings of health and retirement benefits reform proposals.

• Responsible for development, implementation and communication of accounting policies, procedures and systems for $69 billion (annual revenues) organization. Managed professional staff of 50. Creatively reallocated resources to overcome staffing shortfalls• Direct monthly, quarterly and year-end closing processes, preparation of GAAP financial statements, 10-Q and 10-K financial reports (including initial year of SEC compliance) and internal management and regulatory reports. Produce 10-K in 45 days. • Achieved SOX compliance in year one with a clean opinion.• Received unqualified opinion on all annual audits.• Work closely with the Board of Governors and Audit Committee to ensure that the Committee fulfills its fiduciary responsibilities. • Completed reorganization of accounting staff to improve quality of financial reporting and analysis.• Oversaw remediation of numerous internal control deficiencies. Prepared accounting function for compliance with §404 of Sarbanes-Oxley Act. Received clean opinion in initial year of compliance.• Supervised development of actuarial model to estimate complex long-term liability for payments into federal workers' compensation program.• Oversaw development of innovative accounting model, using existing data systems, to estimate deferred revenue for prepaid postage. • Improved accounting, internal controls and simplified process for construction of specialized capital equipment by implementing Oracle Projects and reengineering business processes.• Replaced existing fixed asset physical inventory process with cycle counts, improving accuracy and compliance with process.• Currently developing financial analyses/scenarios of potential management actions and pending legislation affecting the Postal Service.

• Directed development of annual budgets and analysis of expenses for all postal operations managed from headquarters (approximately $15 billion). • Developed consolidated USPS annual budget ($69 billion). Coordinated process and advised senior management on approaches to achieving budget targets.• Enhanced program review process for senior management, enabling them to review budget requests more expeditiously, in greater detail, and with real-time reporting of results.• Developed new model to produce President’s Budget, eliminating obsolete stand-alone system and successfully integrating President’s Budget development into existing financial planning processes.• Managed development and enhancement of web-based budget system to improve efficiency by automating ever-greater portions of the budget process while also increasing information content. • Implemented program performance reviews to tie budget requests/results to operational results. • Developed zero-based budgeting approach, eliminating disparities that had developed over years of “base” budgeting and providing a more rational basis for allocating funds. • Managed professional staff of 10.

• Directed development of analyses, reports, and presentations used to explain financial results and trends to senior management, the Board of Governors, outside organizations, and the public. • Significantly upgraded quality of presentation materials, in terms of appearance, content, and timeliness. • Enhanced efficiency of process for creating reports and presentations, by building a “library” of standardized material which could be reused as needed. • Increased flexibility and capability of staff by instituting on-the-job training, to improve performance, enhance business knowledge, and position staff for future advancement. • Reorganized staff into teams to enhance knowledge-sharing and cross-training.• Managed professional staff of nine.

Master Of Accounting Science

Bacelor Of Science, Cum Laude, Accounting