James F.

Clague, CPA
La Plata, Maryland Email: jfclague@gmail.com LinkedIn: www.linkedin.com/in/jimclague (240) 401-2159

Summary:

CPA/CGMA professional with 19 plus years of accounting experience as a Controller, Manager, and Auditor with Fortune 500 companies and a Big 4 Accounting Firm; highly motivating manager and team builder; reliable and dependable leader; and vast knowledge of information systems.

Employment: JFC Consulting Services, Inc.: La Plata, Maryland

President; 2013 to Present Project Accountant for various companies providing Controller, Accounting Director, and Finance Director functions. University of Maryland Medical System: La Plata, Maryland Controller/Senior Manager, Financial Reporting; 2007 to 2013 As the Controller for Civista Health, managed the Finance and Accounting Group with revenues of $150 Million/year; directed and supervised accounting, accounts payable, fixed asset, and payroll personnel; responsible for the monthly closing, financial statement preparation and consolidation, forecasting, and budgeting; responsible for managing cash transactions including cash balances to comply with debt covenant; reviewed all general ledger account reconciliations; reviewed and approved all company expenditures; prepared monthly board financial package which includes financial statements, statistics, and executive summary explaining financial/statistical variances; created, reviewed, and updated all financial policies and procedures; responded to any financial questions from department managers or executive management; oversaw all aspects of the external audit including preparing audit schedules, responding to auditor questions, financial statement preparation, and writing all footnotes for annual report; oversaw federal and state tax preparation/filings; and performed any FASB/GAAP research. Bolton & Associates: La Plata, Maryland Chief Financial Officer & Interim Chief of HR & Administration; 2007 Managed and actively oversaw Accounting, Accounts Payable, Billing, Accounts Receivable, IT, and HR (6 employees) with revenues of $9 Million/year; directed and supervised performance of accounting, accounts payable, billing, accounts receivable, information technology, and human resources personnel; responsible for the monthly closing, financial statement generation, forecasting, budgeting, and cash flow management; reviewed all general ledger account reconciliations; reviewed and approved all company expenditures; provided financial support to CEO; reviewed and/or updated all financial policies and procedures; and responded to financial questions from department managers or executive management (Reason for Leaving: Company Closed). JFC Consulting Services: La Plata, Maryland President; 2005 to 2007 The Mills Corporation Chevy Chase, Maryland: Restatement assistance and position back-filling. MuniMae Baltimore, Maryland: Restatement assistance. Harbourton Capital Group McLean, Virginia; Coordinated, organized, managed, and actively oversaw the operations of the Corporate Accounting Department with revenues of $10 Million/year; directed and supervised performance of accounting and accounts payable personnel; responsible for the monthly closing and financial statement generation; monitored financial and operating trends of the company; prepared monthly board package; and created all accounting policies and procedures to comply with GAAP/SOX. BearingPoint McLean, Virginia: Assisted the Public Services Expense Reporting Group with revenues of $1.4 Billion/year; oversaw 5 Analysts; performed analysis on all expenses within the division; created all accounting policies and procedures within the group to comply with GAAP/SOX; prepared schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; and performed any special project work requested by upper-management.

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Freddie Mac: McLean, Virginia Accounting Manager; 2002 to 2005 Managed the planning, budgeting, control, and accounting functions within the Corporate Budgeting & Analysis Group; supervised 3 Senior Analysts; managed the capitalize software accounting process to comply with corporate accounting policy, GAAP, and FAS 86/SOP 98-1; managed the monthly and annual G&A expense closing process; managed the monthly journal entries for capitalize software and G&A expense cost allocations and related account reconciliations; oversaw the PeopleSoft Project Costing System and PeopleSoft Budgeting System and any related training; created ad-hoc nVision reports as requested; responsible for Sarbanes-Oxley compliance with capitalized software; created/updated all accounting policies and procedures within my group to comply with GAAP/Sarbanes-Oxley; prepared various schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; and managed the quarterly/annual budget loading process and any required analysis. Prepared Credit Loss Package within the Credit Loss Accounting Group Single Family Control Division; prepared monthly journal entries for Credit Loss Activity, performed account analysis and reconciliations for Single Family balance sheet accounts, income accounts, and mortgage insurance; created/updated all accounting policies and procedures within the group; and performed other duties and special projects for Manager and Director. Performed accounting functions on FAS 140/FIN 45 Re-Audit Amortization Team; performed analysis and reconciliations on credit fees base and amortization accounts; prepared journal entries to correct and adjust base and amortization accounts; and assisted with creation of newly established amortization group within Single Family Control (Reason for Leaving: Corporate Reorganization & Layoffs). Sunrise Assisted Living: Fairfax, Virginia Accounting Manager; 2001 to 2002 United Dominion Realty Trust: Richmond, Virginia Regional Controller; 1999 to 2001 Waste Management of Greater Washington: Temple Hills, Maryland Assistant Controller; 1998 to 1999 The Pittston Company: Glen Allen, Virginia Senior Auditor; 1997 to 1998 Ernst & Young LLP: Richmond, Virginia and Washington, DC Auditor; 1995 to 1997

Education:

Virginia Commonwealth University: Richmond, Virginia Bachelor of Science in Business with Major in Accounting, December 1994 Member of American Institute of CPAs, Virginia Society of CPAs, Maryland Association of CPAs, and Healthcare Financial Management Association Licensed Certified Public Accountant in Virginia Chartered Global Management Accountant Software Systems: Microsoft Office, Meditech, Budget Advisor, PeopleSoft, JD Edwards, Hyperion, Solomon G/L System, Solomon A/P System, FRx Reporting, Deltek FMS G/L System, QuickBooks, & Great Plains G/L System, Microsoft Visio

Other:

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