Thomas Magda Email & Phone Number

Hilton Head Island, Sc, Us

Rochester, New York

All responsibilities from the prior position retained but expanded to include all financial reporting systems, governance of the content, system inventory strategy, and project sponsorship. Position escalated to report directly to the corporate controller. Partner with IT, Accounting, Tax, and FP&A global process owners to achieve a material reduction in the cost of finance by leveraging new systems and offshore shared service centers. Assumed ownership of 80 general ledgers.Current projects under stewardship:- Global consolidated data warehouse for reporting low level BI and analytics under a Tableau front end ($8.6M, 30 months). Short term solution to provide clarity on diverse and unknown information inherited from acquisitions. This tool will enable increased productivity from the shared service centers.- Enterprise-wide Oracle planning environment implementation, including Hyperion Planning, Hyperion Strategic Finance, Hyperion Profitability and Cost, and Data Relationship Manager. ($14.0M, 24 months).- General ledger/ERP consolidation. Strategy to consolidate 80 decentralized general ledgers into 3.- Transfer finance, accounting, tax functions to offshore shared service centers as appropriate.

Rochester, New York

Responsible for all aspects of managing a thirty-five person, cross-functional organization supporting multiple global financial reporting systems and various accounting activities. The systems under my control include:A highly matrixed global financial statement consolidation system (600+ legal entities), supporting legal, management, tax, and statutory reporting.Global financial statement support consolidation system, supporting data collection, tax, and cash flow reporting.Global financial information warehouse supporting actuals, plans, outlooks, and product profitability.Global intercompany transaction processing and control system.Global tax provisioning and reporting system.Global source of record databases to support reporting dimensionality.Additional responsibilities include managing a $3.5 million annual spend, negotiating and maintaining the ongoing business relationship with our offshore service provider, managing both offshore and onshore IT professionals, and managing an onshore accounting staff. Accounting responsibilities include investment accounting, translation of non-reporting currency financial statements, intercompany profit deferrals, periodic management reporting reorganizations, analysis of cumulative translation adjustments and various other general account tasks.Major 2014/2015 accomplishments:30% total spend reduction by capturing attrition and a comprehensive reorganization of group roles and responsibilities.50% reduction in cost of user support outsourcing (external spend) by focusing the hours of coverage to critical business periods.Major hardware and software upgrades invisible to end user.Zero unplanned system downtime.Increased employee satisfaction during a period of eroding compensation and increased workload.

Rochester, New York/Norwalk, Connecticut

Responsible for reengineering global tax processes with a focus on tax return, tax provision, and audit, to achieve increased productivity with reduced cost of compliance, increased controls, increased transparency, and accelerate/eliminate provision to return adjustment. Manage internal relationship with Information Management organization. Specific successes in this assignment include:Development of an automated account analysis tool able to mine financials for book/tax differences.Material reduction of differences driving the provision to return adjustment.Significant reduction of Excel/Outlook based data collection.Managed earnings & profits recalculation effort.Integration of $6B, 180 legal entity, multinational acquisition into the tax and accounting processes.

Stamford, Connecticut

Various accounting, finance, tax, IT, and general ledger based roles of increasing responsibility. Roles performed successfully during this time period began with entry level bookkeeping tasks and culminated in leading all aspects of the implementation of a global (400+ legal entities, 1000+ performance entities) consolidation system/global close process transformation.