Stephane Letang

Directed end-to-end financial operations relating to $560M of payable and receivable activities. Recruited, developed and retained a high functioning, highly collaborative Finance team of 8 employees. Evaluated, designed, and ongoing process management leading to reduction of errors, and improved KPIs. Oversight on treasury activities relevant to payments, cash application, and reconciliations. Achieved stable team structure and balanced workload by creating and directing off-shore operations department of 12 employees in Mexico. Managed implementation and stabilization of PeopleSoft in Business Owner capacity. Reported monthly bank services fee analysis by account, and service line of business to the executive team.

Managed, and oversaw 52 bank accounts encompassing all treasury/cash department functions. Supervised, and mentored a team of 4 employees responsible for processing of AP, and treasury functions. Managed, supervised, and daily reported all aspects of cash flow including cash positioning. Modernized payment scheduling from manual to digital by implementing the PeopleSoft Cash module to the bank systems. Reviewed the company's cash positions in two facets: Operating Cash, and Claims Payable Cash. Performed cash liquidity analysis and stress testing activities to determine potential cash funding needs. Supervised monthly bank reconciliation process of 52 bank/GL accounts. Evaluated, and reported potential risk and loss exposure from erroneous or fraudulent transactions. Implemented treasury process controls to mitigate the risk of afore mentioned transactions. Produced Cash Flow Forecasting, and working capital analysis by scrutinizing A/R aging. Prepared, and monitored cash flow forecasts by creating Financial Models. Oversaw auditor’s PBC request related to debt obligations, cash transactions, and treasury functions. Transformed, and maintained the documentation process for all Treasury procedures and functions. Established claims processing, and treasury needs for new clients. Build/created bank transaction database on MS Access.

Managed compiling and reconciling of 34 bank accounts to their GL cash accounts. Reported monthly calculations of outstanding checks, and determined unclaimed funds, and reissues. Reviewed substantial claims payment transactions to confirm posting and validity on a weekly basis. Refined MS Access queries to research bank detail transactions such as ACH, Drafts, Wires. Managed, and delegated reconciliation of unapplied cash clearing accounts responsibilities. Recorded journal entries for all bank service fees, and FX losses resulting from returned wires. Reconciled, and cleared a years worth of unreconciled bank transactions for 2 major client accounts. Researched, and traced complexed foreign exchange payments through claims payment system.

Responsible for all accounting and financial reporting functions of facility & sister facilities Examined outstanding transactions, post all journal entries, and analyze financial reports Analyze current contractual reserves to budgeted and projected Gross Profit Analyze monthly P&L results to prior month, budget, and revised annual projections Summarize monthly results and present to facility CFOs; explain variance from projections Prepare annual budgets by analyzing 5 year trend and projecting the current year’s results Performed all account reconciliations such as Blue Cross UPP, Patient accounts, Cash Reconciled: HUD real estate, Payroll withholding accounts, Physician A/R and Misc A/R Actively engaged managers to maintain proper EPOB ratios; analyzed FTE reports During CFO vacancy, assumed temporary duties for daily operations and trained new CFO Analyzed and prepared monthly A/P accruals while managing monthly expenses

Performed public accounting for City of Providence, Woonsocket, real estate entities, and retailers Compiled financial statements for local financial institutions: credit unions, S-T lenders Assist with peer review of CPA firms with large composite of commercial banking clients Reconciled all G/L accounts including cash, ACH holding accounts, A/P, A/R, and Equity Prepared tax returns for individuals, trusts, partnerships, and corporations Performed inventory observation at large retailers and wholesalers