Summary
Overview
Work History
Education
Skills
Certification
Addendum
Experienceprofile
Community Service
Timeline
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CHRISTOPHER M. KELLY

Terrace Park,Ohio

Summary

Experienced international, domestic, state and local tax professional with extensive background in corporate and public accounting. Directed tax department for US company in the software development, licensing and distribution market segments with 25 CFCs. Experience in FAS 109, ASC- 740, UTP, Subpart F, FBAR, FATCA, OECD BEPS, 5471s, ECI, withholding taxes and treaty analysis, intercompany interest income/expense policy, dividend repatriation, state and local incentives, and various transfer pricing studies. Proven track record of improving performance, profitability and business growth by utilizing strong technical skills. Drove tax savings through domestic and international tax planning strategies for inbound and outbound transactions and negotiating federal and state tax audits. Recognized for project management, team building and employee development skills. Self-starter with ability to work independently or as part of a multi-functional team. Accomplishments include: Generated $30M in tax savings for large jet engine manufacturer by changing international terms and conditions. Directed 14 outside professionals to collect $16M in significantly (up to 5 years) past due receivables from Top 5 IT vendors. Generated annual $750K in tax savings related to Subpart F analysis for software developer and services company Performed reverse audits that produced $500K for a steel manufacturer and $300K for a brake manufacturer. Initiating the IFRS review and the related tax impact for an US based international company doing business in 25 countries Involved in complex tax issues including cash repatriation, foreign tax credits, restructuring foreign activities, Subpart F planning Engaged outside consulting firm in research and development tax credit review generating $225K in annual savings Participate in treasury and risk management issues Initiated and developed two profitable Big 4 state and local tax departments. P/L accountability. Led SALT teams that generated $7.2M in fees over a six-year period. Presented to Ohio Society of Certified Public Accountants and Dayton Tax Professionals on current state and local tax issues and opportunities. Coordinated with Corporate to respond to 1995-1999 IRS IDR’s. Involves 54 acquisitions and several legacy systems. Engaged Big 4 firm and detected $9.5M in duplicate payments. Corrective action implemented. Served as a firm’s Kentucky state tax specialist. Negotiated an enterprise zone and jobs tax credit generating $1.2 M in tax savings. Removed $26M from Texas sales tax audit battling several legacy systems. Directing Mexican subsidiary state tax compliance in 14 states. Teamed with outside legal counsel to generate $1M in savings on GSA contract. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals. Skilled [Job Title] bringing [Number] years of experience working with [Type] organizations. Proven leadership and successful in leading teams in achieving financial goals. Accomplished in working with executive leaders to develop business, financial and growth strategies. Talented financial leader well-versed in accounting principles and regulations. Motivated to keep company financial operations compliant, accurate, and cost-effective. Ready to bring [Number]+ years of experience and take on challenging new role. To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.

Overview

47
47
years of professional experience
1
1
Certification

Work History

Worldwide Controller

Cincom
03.2020 - Current
  • Ensured timely financial statement preparation, allowing for better decision-making and strategic planning.
  • Prepared detailed variance analyses on a monthly basis, enabling more effective tracking of actuals versus forecasted figures.
  • Implemented cost-saving measures, identifying inefficiencies and reallocating resources to achieve optimal results.
  • Completed year-end close processes through effective supervision financial functions and regular treasury transactions.
  • Led cross-functional teams in the implementation of new accounting software, improving overall efficiency within the finance department.
  • Streamlined annual audit process, working closely with external auditors to ensure accurate representation of company''s financial position.
  • Reduced month-end closing time by optimizing reconciliation procedures and improving collaboration between departments.
  • Supervised accurate, efficient, and compliant completion of monthly financial reporting packages.
  • Completed journal entries, reconciliations, and account analysis to prepare quarterly financial documents and general account management.
  • Accurately completed financial statement audits and thoroughly reviewed results.
  • Mentored junior staff members, fostering a positive work environment conducive to professional growth and development.
  • Ensured compliance with tax regulations by managing the timely preparation and filing of all required returns.
  • Prepared balance sheets, cash flow reports and income statements.
  • Supported merger and acquisition activities through due diligence efforts and post-acquisition integration.
  • Collaborated with other functional areas to develop integrated solutions for complex business challenges related to finance operations.
  • Optimized tax filing processes, resulting in timely submissions and minimizing liabilities.
  • Enhanced team productivity, implementing continuous professional development and training programs for finance staff.
  • Implemented controls to safeguard against financial misstatement and fraud, enhancing reliability of financial reporting.
  • Collaborated with IT department to ensure robust cybersecurity measures protected financial data.
  • Led cross-functional teams in process improvement initiatives, enhancing efficiency in financial operations.
  • Fostered relationships with external stakeholders, including investors, banks, and regulatory agencies, to support business objectives.
  • Streamlined financial reporting processes, significantly reducing time required to close monthly books.
  • Ensured compliance with federal, state, and local regulatory requirements by staying updated on changes in financial laws and standards.
  • Facilitated successful external audits, meticulously preparing all necessary documents and reports.
  • Led implementation of new accounting software, improving data accuracy and accessibility for finance team.
  • Worked with both internal and external users to create detailed financial reports.
  • Prepared and filed tax returns and generated monthly reports in compliance with regulatory and organizational standards.
  • Created and distributed reports on internal and external finances, audits, and budgets.
  • Verified accurate completion of corporate income tax returns and optimal use of favorable tax codes.
  • Reviewed contracts financially impacting company and counseled executive leaders on impact contracts would have on company operations.

Tax Director

CINCOM SYSTEMS, INC.
01.2006 - Current
  • Managed tax department for software company in the software development, licensing, and distribution market segments
  • Experience in FAS 109, ASC- 740, UTP, Subpart F, FBAR, FATCA, OECD BEPS, 5471s, ECI, withholding taxes and treaty analysis, intercompany interest income/expense policy, dividend repatriation, state and local incentives, and various transfer pricing studies
  • Drove tax savings through domestic and international tax planning strategies for inbound and outbound transactions and negotiating federal and state tax audits.

Owner/Founder

KELLY & ASSOCIATES LLC
01.2004 - 01.2006
  • Owned and operated own tax consulting firm.

Practice Leader

CLARK, SCHAEFER, HACKETT & Co.
01.2003 - 01.2004
  • Led tax practice at accounting firm.

Audit/Tax/Finance

GENERAL ELECTRIC CAPITAL
01.2000 - 01.2003
  • Worked in audit, tax, and finance roles at GE Capital.

Practice Leader

DELOITTE AND TOUCHE
01.1998 - 01.2000
  • Led tax practice at accounting firm.

Practice Leader

KPMG
01.1996 - 01.1998
  • Led tax practice at accounting firm.

Practice Leader

ERNST & YOUNG
01.1994 - 01.1996
  • Led tax practice at accounting firm.

Senior Analyst

ARTHUR ANDERSEN & COMPANY
01.1993 - 01.1994
  • Worked as a senior analyst at accounting firm.

State and Local Tax Manager

GENERAL ELECTRIC
01.1985 - 01.1992
  • Managed state and local tax compliance for GE.

Corporate Auditor

ARMCO, INC.
01.1978 - 01.1984
  • Worked as a corporate auditor at manufacturing company.

Education

Masters of Science in Taxation -

University of Cincinnati
01.1992

Financial Management Program (FMP) -

General Electric
01.1988

Masters in Business Administration, Finance -

University of Cincinnati
01.1985

Bachelor in Business Administration, Accounting -

University of Cincinnati
01.1981

Skills

  • Financial statements expertise
  • Trend Analysis
  • Audit Coordination
  • Policy Planning
  • Audit preparation
  • Financial statement review
  • General ledger accounting
  • Staff Management
  • Audit management
  • Accounting management
  • Project Management
  • Intercompany Transactions
  • Tax Compliance
  • Revenue Recognition
  • Expense Control
  • Corporate finance
  • Finance
  • Preparing financial statements
  • Interpersonal Skills
  • Task Prioritization
  • Teamwork and Collaboration
  • Problem-Solving
  • Multitasking
  • Excellent Communication
  • Organizational Skills
  • Attention to Detail
  • Adaptability and Flexibility
  • Self Motivation
  • Problem-solving aptitude
  • Team building
  • Written Communication
  • Continuous Improvement

Certification

  • Certified Public Accountant (I) (Texas 1983) (I) (Ohio 1989) (I)
  • Ohio Manufacturer’s Association, Taxation Committee
  • Ohio Chamber of Commerce, Taxation Committee
  • OSCPA/AICPA
  • TEI/FEI

Addendum

GE Aircraft Engine - Tax Manager Revenue of $8 Billion Fixed Assets of $5 Billion $120 Million in tax 9 Manufacturing locations 80 Jurisdictions 600 property, income, sales, and miscellaneous tax returns per year with 2 employees Doing business in 35 states and multiple countries Plant Facilities Budget of $225 Million/year Identifies sales, property and income tax savings up front prior to PO/Sales contract issued to vendor and/or customer as facilities partially funded by customers/vendors/JV partners Real vs personal designation for manufacturing and building capital expenditures Off highway use tax for fuel savings Manufacturing exemption Software exemptions Services exemptions R&D Factor relief for pollution control assets and Foreign Trade Zone and Enterprise Zone designations Identified incentive credits and non-financial incentives like highway access and road expenditures reimbursed by government Contract Terms and Conditions Negotiation $30 Million in tax savings on military and commercial jet engines shipped from JV partner in France and from Evendale, Ohio to Boeing in Seattle, Washington Restructured risk of loss, insurance, inspection, and rejection terms Utilized team of finance, tax, and legal from within and without the company Renegotiated terms of delivery and acceptance outside of Washington to avoid B/O tax GE Information Technology Solutions (GEITS) – Tax and Audit Manager Recovered $14.4 Million of past due receivables when my role originally started as a SAP to Oracle sales tax system implementation GEITS formed by 75 acquisitions over a 5 year period Multiple invoicing and payable systems due to different sizes of acquired companies SAP was installed and replaced by Oracle after a 3 year period of implementation issues incurring a $30 Million dollar write off of unused software I joined GEITS after decision to install Oracle as a GE Corporate financial reporting standard I represented finance/tax on the A/P and A/R modules and related sales tax issues Implemented the Oracle A/R and A/P modules (IT Support) over 6 months Consolidated a majority of the smaller company A/P and A/R function into one data base Identified $16 Million of past due receivables/disputes from Top 5 IT vendors IBM, HP, Dell, Compaq, and Intel I directed a team of 14 internal IT, finance, legal, tax, operational technical professionals from 4 different related subsidiaries, and outside consultants to recover these funds during 9 months while working in Toronto Legislation Monitoring I identified a proposed sales tax on research and development expenditures in an Ohio House bill The law change would have increased GE’s sales tax by $9 Million per year based on the annual research and development expenditures I recruited resources in engineering, HR, public relations, government affairs at both the divisional and GE Corporate HQs in Connecticut due to significance and urgency of required response We met with the Ohio Tax Commissioner and Ohio Governor to discuss our concerns of the impact on technology and employment level drop of an estimated 125 engineers in Ohio The Ohio Governor “line itemed vetoed” sales tax on research and development Sales Tax – Additional Comments Brian and I previously discussed the Canada project related to the GST/HST/PST in the Canada operations. I have been filing/remitting the GST/HST/PST in 4 jurisdictions for the last 15 months. I am also filing the corporate income taxes in Ontario and Quebec for our Canadian subsidiary. We have a UK subsidiary and I have started working with them on the preliminary Brexit issues. I have additional examples of sales tax projects form companies as small as 3 employees to the size of GE. Listed below are few other projects that I can expand on if you feel it is appropriate: While at Deloitte, I worked at the CCH-HQs in Chicago and help them draft the revisions to the Ohio sales tax chapters Participated in sales tax software selection for clients while in public accounting Performed multiple reverse sales tax audits for manufacturing, service, hospitality, automotive, R&D and several other industries in multiple states Worked in US subsidiaries, HQs, manufacturing, R&D, and provided compliance for multiple foreign entities

Experienceprofile

  • Tax Director, CINCOM SYSTEMS, INC., Cincinnati, Ohio, 2006, Current
  • Owner/Founder, KELLY & ASSOCIATES LLC, Cincinnati, Ohio, 2004, 2006
  • Practice Leader, CLARK, SCHAEFER, HACKETT & Co., Cincinnati, Ohio, 2003, 2004
  • Audit/Tax/Finance, GENERAL ELECTRIC CAPITAL, Newport, Kentucky, 2000, 2003
  • Practice Leader, DELOITTE AND TOUCHE, Cincinnati, Ohio, 1998, 2000
  • Practice Leader, KPMG, Cincinnati, Ohio, 1996, 1998
  • Practice Leader, ERNST & YOUNG, Cincinnati, Ohio, 1994, 1996
  • Senior Analyst, ARTHUR ANDERSEN & COMPANY, Cincinnati, Ohio, 1993, 1994
  • State and Local Tax Manager, GENERAL ELECTRIC, Cincinnati, Ohio, 1985, 1992
  • Corporate Auditor, ARMCO, INC., Houston, Texas, 1978, 1984

Community Service

  • Mariemont Preservation Foundation - Treasurer
  • United Way Campaign Reporting Manager
  • Franciscans of the Poor, Board of Directors
  • Assistant Den Leader – Cub Scouts
  • Assisted in development of Accounting Club for inner-city high school

Timeline

Worldwide Controller

Cincom
03.2020 - Current

Tax Director

CINCOM SYSTEMS, INC.
01.2006 - Current

Owner/Founder

KELLY & ASSOCIATES LLC
01.2004 - 01.2006

Practice Leader

CLARK, SCHAEFER, HACKETT & Co.
01.2003 - 01.2004

Audit/Tax/Finance

GENERAL ELECTRIC CAPITAL
01.2000 - 01.2003

Practice Leader

DELOITTE AND TOUCHE
01.1998 - 01.2000

Practice Leader

KPMG
01.1996 - 01.1998

Practice Leader

ERNST & YOUNG
01.1994 - 01.1996

Senior Analyst

ARTHUR ANDERSEN & COMPANY
01.1993 - 01.1994

State and Local Tax Manager

GENERAL ELECTRIC
01.1985 - 01.1992

Corporate Auditor

ARMCO, INC.
01.1978 - 01.1984

Masters of Science in Taxation -

University of Cincinnati

Financial Management Program (FMP) -

General Electric

Masters in Business Administration, Finance -

University of Cincinnati

Bachelor in Business Administration, Accounting -

University of Cincinnati

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CHRISTOPHER M. KELLY