Patricia Ramsay

Director of Finance at Edgeworth Economics, LLC
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us****@****om
(386) 825-5501

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Credentials

  • SHRM-SCP
    SHRM
    Jun, 2016
    - Nov, 2024

Experience

    • United States
    • Legal Services
    • 1 - 100 Employee
    • Director of Finance
      • Apr 2019 - Present

      In my role as Finance Director for this multi-office consultancy, I am responsible for the finance staff and functions, including general accounting, financial reporting and analysis, tax compliance, internal and external audits, budgeting, cost containment, contract negotiations, and collaboration with executive leadership on partner compensation. Under my leadership, the finance team produces timely and useful financial statements and reports in support of the firm's short and long-term business goals.

    • United States
    • Legal Services
    • 100 - 200 Employee
    • Chief Operating Officer
      • Oct 2016 - Mar 2019

      In my role as Chief Operating Officer for this 95+ attorney regional law firm, I developed and led the execution of strategies to optimize firm financial, accounting and operational performance, with oversight responsibility for 75+ firm administrative personnel and functions including accounting and finance, human resources, office services, facilities, information systems, and marketing. I was also responsible for firm policy development and enforcement, as well as overseeing governance protocols and procedures for the firm's executive committee, the board of directors and shareholders. Specific accomplishments included:  -Optimization of finance and accounting staff utilization through the acquisition of new talent, work reassignment and automation.  -Improved financial reporting quality through partial automation and decentralization of the budgeting process, implementation of a forecasting model and streamlining reports delivered to internal stakeholders.  -Upgraded or modified select firm policies to stay competitive or to improve employee benefits or policy understanding.  -Improved quality and efficiency of practice support services in the areas of human resources, front office and secretarial support,  -Significantly reduced annual support staff labor cost through realignment of duties and process automation.

    • United States
    • Public Relations and Communications Services
    • 1 - 100 Employee
    • Chief Operating Officer
      • Jan 2011 - Aug 2016

      After being promoted to this position based on four years of quantifiable success as Chief Financial Officer, I expanded my role to assume additional oversight responsibility for Human Resources, Information Technology, Office Services, and Facilities. This strong operational team helped to drive the firm’s expansion into new geographical regions, offices and practice areas through strategic acquisitions, hires and organic growth.  Managed $2M renovation/2x expansion of existing office space; completed project on time and under budget.  Co-developed firm’s first mission/vision/values statements and wrote complementary work-life balance policies. Led operations side of integration for several million-dollar acquisitions throughout 2014-2015.  Developed 2016 contraction plan and co-led firm through multi-month restructuring.

    • Chief Financial Officer
      • Dec 2006 - Dec 2010

      My initial focus in this position was the building of the Finance & Accounting department by hiring a strong team, introducing new policies, establishing the firm’s financial controls and processes, and automating the capture and delivery of timely financial information. Over four-year period, I led the: Creation of a financial infrastructure that supported the firm’s revenue growth from $6.7M-$19.6M. Selection and implementation oversight of firm’s first fully-integrated accounting & time-management system.

    • United States
    • Public Relations and Communications Services
    • 700 & Above Employee
    • SVP Finance & Operations
      • Jun 2005 - Nov 2006

      During my tenure I presided over 18 months of tremendous growth at the D.C. office of this leading global communications firm.  Supervised all financial controls throughout five quarters when net revenue increased by 48%.  Streamlined local financial processes so that regional sector was able to minimize costs, while exceeding forecasted goals (and generating enough revenue to hire 47 additional employees).  Partnered with IT & Facility department heads to design first-ever divisional budgets, a measure that led to much stricter accountability, and a reduction in costs.

    • Chief Financial Officer, East Region
      • May 2002 - May 2005

      In this role, I was responsible for the financial planning, reporting, and performance of 10 east coast offices, stretching from New York to Miami. Annual regional revenues were $65m with 300+ employees.  Functioned as liaison between corporate headquarters and field offices, mapping out best practices for dealing with SEC compliance, Sarbanes Oxley, and Generally Accepted Accounting Principles (GAAP).  Identified cost-savings opportunity on employer payroll taxes linked to the timing of personnel transfers between subsidiaries; championed policy change resulting in immediate firm-wide savings of $500k.  Improved revenue projection capabilities by developing regional forecasting tool and effective feedback loop.  Designed & implemented a business unit management program to improve efficiencies and performance in areas of Accounts Receivable (AR), Work in Progress (WIP), and Days Sales Outstanding (DSO).

    • United States
    • Public Relations and Communications Services
    • 700 & Above Employee
    • SVP Finance & Accounting
      • Oct 2000 - Apr 2002

      Responsible for the financial management and intergration of two principal subsidiaries of The Interpublic Group of Companies (IPG) including assimilation of 21 finance and accounting personnel, process and system consolidation, resolution of prior year audit findings and ongoing attention to SEC compliance issues, GAAP and tax reporting requirments. Responsible for the financial management and intergration of two principal subsidiaries of The Interpublic Group of Companies (IPG) including assimilation of 21 finance and accounting personnel, process and system consolidation, resolution of prior year audit findings and ongoing attention to SEC compliance issues, GAAP and tax reporting requirments.

  • Tucker Flyer, PC
    • Washington D.C.
    • Chief Financial Officer
      • Dec 1998 - Sep 2000

      (Mulit-practice law firm: annual revenues of $25m; 120+ employees). Responsible for finance, accounting and conflicts management personnel and functions, equity partner compensation and distributions. Six weeks after joining; firm announced intent to sell. Developed due diligence financial package for eventual merger w/Venable; identified $250k cost savings opportunity in deal structure, initiated integration of finance/accounting personnel w/Venable and served on merger team w/leadership from both firms.

    • Controller
      • Jul 1997 - Nov 1998

      (Mulit-entity global consulting firm; annual revenues $110m; 600+ combined employees & consultants); Responsible for financial planning and reporting, accounting systems and operations for domestic enterprise and six foreign subsidiaries: managed local staff of 26 (5 direct reports) and six overseas financial managers in consolidation and submission of monthly financial statements to KPMG, including currency translation review. Solved turnover and data integrity problems in financial reporting through significant change in reporting process to KPMG; worked with on-site DCAA auditor to solidify USAID timekeeping compliance over 3 month period; visited offices in Moscow, London and Mexico City to resolve complex transactions with on-site financial managers and business unit leaders.

  • The Jefferson Group
    • Washington DC
    • Controller
      • May 1991 - Jun 1997

      (G.R. & P.A. Consulting; annual revenues $12m, 120+ employees at peak): Managed all phases of accounting cycle and personnel through financial statement production and delivery to firm leadership; hired, developed and managed staff of four during 20-month growth period reflecting office expanison into CO, CA and San Juan, PR, increased revenue from $5m to $12m and overall personnel growth from 35 to 120. Projected two downhill trends during tenure; helped with recovery through cost-cutting and revenue building measures.

Education

  • George Mason University - School of Management
    B.S., Accounting
    1989 - 1991
  • Seneca Valley High School
    Diploma

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