Summary
Overview
Work History
Education
Skills
Websites
Accomplishments
Awards
Certification
Timeline
Generic

Betty Ireri

MD

Summary

Finance Leader | Strategic Partner | Seasoned Controller with over a decade of experience across multiple industries. Technical knowledge in US & International Accounting Standards, Auditing standards and Internal Controls compliance. Proven abilities in strategic thinking, team management, project management, system implementations, change management, process improvements, and problem resolution. Business leader who builds relationships within the organization and with external stakeholders.

Overview

20
20
years of professional experience
1
1
Certification

Work History

Director, Operations Finance

Evidera (A Thermofisher Scientific Business)
08.2022 - Current
  • Review of monthly work in progress schedules to identify accounts receivables and collectability risks improving Days Sales Outstanding over the last year from 104 to 86 days
  • Manage month-end closing processes for three business units with over $40MM monthly revenues. Ensure all activities are completed accurately and in advance of required deadlines during a five day closing period
  • Appointed project lead for “Accelerate the Close” corporate initiative. Tasked with accelerating financial results reporting from a seven-day close to a five-day close. Lead collaboration efforts with multiple teams across the finance/accounting functions. Achieved goals set out for the first phase of the project within 9 months.
  • Identify and implement process optimizations and improvements across three business units. As finance business partner for these businesses, I have for example standardized variance analysis reporting to provide meaningful and impactful commentary back to senior management. This reduced the review time by one day, which accelerated getting financial results to executive management quicker.
  • Developed a high-performing revenue accounting team of three direct reports by providing mentorship, guidance, and opportunities for professional growth.

Associate Director, Accounting

04.2020 - 07.2022
  • Reviewed monthly cash forecasts, daily cash flash & capital contribution analysis and provided insightful data analysis to the Controller and CFO with recommendations on which cash obligations should be prioritized
  • Led the revenue for backlog analysis and identified reconciliations gaps of over $3MM that required corrective actions to be completed by project managers
  • Managed bad debt and collection efforts. Responsible for reporting to the CFO once monthly on collections risks and mitigation efforts. Reduced customer balances aged over 120 days over three quarters by $12MM
  • Led teams of up to 4 personnel, supervising daily performance as well as training and improvement plans. Fostered a culture of continuous improvement by encouraging staff to share innovative ideas and providing resources for professional development.
  • Facilitated numerous process changes such as maintaining updated process documents, standardizing key reports, timely tax filings, focused on having a clean balance sheet. This made onboarding new resources more efficient, reduced audit findings and ensured accurate data migration during the Oracle implementation
  • Took an active role in the change management team and processes during Oracle system implementation over an 18-month period. Kept the team momentum, identified roadblocks and addressed any issues.

Senior Accounting Manager

04.2018 - 03.2020
  • Oversight over payroll for +750 employees. Approved and reviewed biweekly payroll runs for UK, US and Canadian employees ensuring accuracy, timeliness, and completeness.
  • Implemented Fixed Assets subledger and Intercompany invoicing in Microsoft Dynamix AX eliminating manual processes. This saved 32 hours per month of manual reconciliations
  • Maintained internal controls requirements over contract to cash, Payroll and Record to Report cycles and provided internal audit team with quarterly certification requirements
  • Streamlined payroll processing through implementation of an up-to-date system and acted as subject matter expert for accounting requirements
  • Supported forecasting and budgeting team with internal management reporting requirements and built new income statements that delivered required financial unit results.
  • Improved cash flow management through timely billing and collections follow-up.

Accounting Manager

Nasdaq Stock Exchange
04.2013 - 02.2018
  • Responsible for gap analysis and identified what was needed to convert from old UK accounting standards to International Financial Reporting standards during 2014 adoption year
  • Managed system implementation related to semi-automation of bank account reconciliations in PeopleSoft for AR & AP with transaction flows of $200MM monthly. 80 hours per month saved between two senior accountants
  • Executed a different approach to completing statutory reporting requirements required by regulatory bodies (Companies House). Created a sense of urgency to keep momentum through the audit process which resulted in filing audits on time for the first time in three years and avoided financial penalties and risk of losing licensing to continue conducting business for one of the exchanges
  • Project led a one-time exercise whereby $218MM cash was settled between subsidiaries in five different foreign currencies reducing monthly foreign exchange exposure by $4MM - $5MM.

Senior Global Revenue Accountant

Discovery Communications
01.2012 - 03.2013
  • Involved in system enhancements for billing sub-ledger system to better support accurate billing and revenue recognition for Latin America region/contracts. Collaborated with the developers to identify and document deficiencies during testing.
  • Compiled a monthly close accounting reporting package that gave the Global Controller better visibility into revenue performance and fluctuations, foreign exchange issues & potential revenue risks. Facilitated receipt of timely responses from cross functional teams for follow up questions from Senior Management.
  • Managed one staff accountant. Reviewed journal entries, supporting documentation & balance sheet reconciliations to ensure accuracy, completeness and compliance with accounting guidelines and company policies.
  • Took the initiative to perform research on accounting matters on revenue recognition standards and documented issues in memos for management review.

Senior Auditor

Discovery Communications
04.2010 - 12.2011
  • Managed multiple concurrent audits, effectively prioritizing tasks to meet deadlines without compromising timeliness and quality.
  • Collaborated with management to develop effective internal controls, resulting in improved financial integrity.
  • Assisted external auditors with their testing requirements during quarterly and year end audits resulting in reduced audit time and meeting budgeted costs for the group audit.

Senior Auditor

US Foods
05.2006 - 07.2009
  • Redesigned the existing standard audit plan with the aim of reducing travel costs and field time by 30%. Obtained buy in from team members and the wider business, which facilitated performing low and medium risk procedures desktop. Field time reduced from two weeks to one week, reducing budgeted hours on average by 45 hours per audit.
  • Worked closely with process owners to develop and update process specific risk assessment matrices which enabled learning different business processes at a faster pace
  • Managed two staff auditors and 1 senior auditor during all phases of an audit.

Associate Auditor

05.2004 - 04.2006
  • Interviewed business owners to understand needs and explain audit scope and procedures undertaken.
  • Worked under close supervision of senior auditor to utilize and develop technical expertise in auditing.
  • Continuously improved knowledge and skills in auditing through participation in 80 hours of training programs and conferences and pursued CPA certification

Education

Bachelor of Science - Accounting

University of Baltimore
Baltimore, MD
12.2004

Skills

Exceptional communication

  • Verbal and written communication
  • People Management
  • Operations Management
  • Project Coordination
  • Issues Resolution
  • Financial Reporting
  • Teamwork and Collaboration
  • Relationship Building
  • Advanced Excel (Lookups, Pivots, Logic Functions, Index Match)
  • Effective leader

Accomplishments

    Academic

    · Member of the Phi Theta Kappa Society

    · Dean’s list. Awarded Dean’s List Accounting Scholarship Sophomore year.

    · Awarded Accounting Scholarship by NABA

    Professional

    Completed two year Finance leadership program

Awards

  • Undergraduate
  • Member of the Phi Theta Kappa Society
  • Dean’s list. Awarded Dean’s List Accounting Scholarship Sophomore year.
  • Awarded Accounting Scholarship by NABA
  • Professional, Nominated and completed the Corporate Finance Leadership Program 2019 - 2020

Certification

  • CPA - Certified Public Accountant
  • Power BI Certification - Microsoft PL 300 - August 2024

Timeline

Director, Operations Finance

Evidera (A Thermofisher Scientific Business)
08.2022 - Current

Associate Director, Accounting

04.2020 - 07.2022

Senior Accounting Manager

04.2018 - 03.2020

Accounting Manager

Nasdaq Stock Exchange
04.2013 - 02.2018

Senior Global Revenue Accountant

Discovery Communications
01.2012 - 03.2013

Senior Auditor

Discovery Communications
04.2010 - 12.2011

Senior Auditor

US Foods
05.2006 - 07.2009

Associate Auditor

05.2004 - 04.2006

Bachelor of Science - Accounting

University of Baltimore

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Betty Ireri