Susan Corrado, MBA, CMFO, CTC, QPA

CFO - Department Head - Finance Director - Tax Collector at Borough of Tenafly
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Contact Information
us****@****om
(386) 825-5501
Location
Saddle River, New Jersey, United States, JE

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Experience

    • United States
    • Government Administration
    • 1 - 100 Employee
    • CFO - Department Head - Finance Director - Tax Collector
      • Jul 2015 - Present

      Financial guidance provided to Business Administrator, Governing Body and Department Heads Preparation of Annual Budget and Financial Statements Compliance with NJ Statutes Compliance with the Department of Community Affairs & Local Government Services Directives Custodian of Public Funds Management of Finance Staff: Tax Collector's Office, Payroll, Purchasing Coordination of Bank Reconciliations Develops, Implements and Enhances Internal Controls Works with Bond Counsel… Show more Financial guidance provided to Business Administrator, Governing Body and Department Heads Preparation of Annual Budget and Financial Statements Compliance with NJ Statutes Compliance with the Department of Community Affairs & Local Government Services Directives Custodian of Public Funds Management of Finance Staff: Tax Collector's Office, Payroll, Purchasing Coordination of Bank Reconciliations Develops, Implements and Enhances Internal Controls Works with Bond Counsel & External Auditors Labor Relations Show less Financial guidance provided to Business Administrator, Governing Body and Department Heads Preparation of Annual Budget and Financial Statements Compliance with NJ Statutes Compliance with the Department of Community Affairs & Local Government Services Directives Custodian of Public Funds Management of Finance Staff: Tax Collector's Office, Payroll, Purchasing Coordination of Bank Reconciliations Develops, Implements and Enhances Internal Controls Works with Bond Counsel… Show more Financial guidance provided to Business Administrator, Governing Body and Department Heads Preparation of Annual Budget and Financial Statements Compliance with NJ Statutes Compliance with the Department of Community Affairs & Local Government Services Directives Custodian of Public Funds Management of Finance Staff: Tax Collector's Office, Payroll, Purchasing Coordination of Bank Reconciliations Develops, Implements and Enhances Internal Controls Works with Bond Counsel & External Auditors Labor Relations Show less

    • Assistant Director of Finance
      • Aug 2014 - Present

      Financial guidance provided to the CFO, Business Administrator, Board of Public Works and Mayor and Council Management of Staff: Finance, Tax Collector’s Office, Utility Coordination and Reconciliation of Bank Statements Development and Implementation of Enhanced Internal Controls and Standard Operating Procedures. Forecasting, Budgeting and Financial Analysis FEMA liaison Grant Committee Member

    • Department Head - Park Ridge Public Utilities
      • Mar 2013 - Aug 2014

      Financial guidance provided to the CFO, Business Administrator, Board of Public Works and Mayor and Council Ordinance Amendments Development of Collection System for Public Utilities Enhanced Reporting

    • Vice President/Board Member
      • Sep 2010 - May 2015

    • United States
    • Law Enforcement
    • 1 - 100 Employee
    • CFO - Municipal Treasurer - Department Head of Finance
      • Apr 2012 - Feb 2013

    • Treasurer of School Moneys
      • Apr 2012 - Feb 2013

    • Financial Business Analyst (Sr. Financial Analyst)
      • 2005 - 2011

      Financial Planning & Analysis Financial Analyst (2005 - 2008) promoted to Financial Business Analyst (2008) Financial liaison/representative for the Quality Management (QM) organization. Supported the Vice President (VP) of QM and her direct reports. Originally comprised of approximately 240 people with an annual budget of $50 million. • Participated in Quality Management Leadership Team monthly meetings and financially advised QM management. Prepared quarterly forecasts… Show more Financial Planning & Analysis Financial Analyst (2005 - 2008) promoted to Financial Business Analyst (2008) Financial liaison/representative for the Quality Management (QM) organization. Supported the Vice President (VP) of QM and her direct reports. Originally comprised of approximately 240 people with an annual budget of $50 million. • Participated in Quality Management Leadership Team monthly meetings and financially advised QM management. Prepared quarterly forecasts, annual budgets, reduced each subsequent plan and took cost structure to zero due to an integrated organizational restructuring. Ensured plans were implemented, targets met and variances analyzed. • Presented finance updates at the VP’s quarterly communications sessions and also rolled out and presented a QM training program to the QM organization in an auditorium format for upgrades in a labor tracking database (Oracle), followed with a stringent training schedule that was completed one month earlier than originally anticipated.

    • Financial Analyst
      • 2004 - 2005

      Credit & Receivables Performed credit and financial analysis as well as comprehensive business evaluations and assessed risk for the extension of unsecured trade credit up to $250 million to trading partners. Championed various divestiture activities to assist the HLR Consumer Health Closing Officer, resulting from the sale of the OTC business. • Negotiated a terminated royalty agreement within the structure of the business that led to an executed settlement agreement, mutual… Show more Credit & Receivables Performed credit and financial analysis as well as comprehensive business evaluations and assessed risk for the extension of unsecured trade credit up to $250 million to trading partners. Championed various divestiture activities to assist the HLR Consumer Health Closing Officer, resulting from the sale of the OTC business. • Negotiated a terminated royalty agreement within the structure of the business that led to an executed settlement agreement, mutual release and final settlement, thereby avoiding litigation. Out of $950K reconciled, recovered $851K of which $585K was initially disputed. • Provided accounting, financial analyses, budgets, forecasts, narratives, and billings. • Handled contract review and ensured third party compliance for royalty agreements.

    • Accounting Specialist
      • 2003 - 2004

      Financial Reporting Handled financial reporting for the Consumer Health Business: Prepared Consolidated Profit and Loss Statement, Balance Sheet and Rolling Forecast.

    • Accounting Specialist
      • 1990 - 2003

      Licensing & Finance Contractual Compliance Promotions: Junior Accountant (1990 - 1994) to Accountant (1994 - 1998) to Senior Accountant (1998 - 2000) to Accounting Specialist (2000 - 2003) Provided interpretation and input to draft strategic alliance (royalty) agreements during the review process, ensured compliance under all executed agreements, prepared budgets, forecasts, and management and milestone summaries. Indirectly supervised and successfully led Senior Accountant… Show more Licensing & Finance Contractual Compliance Promotions: Junior Accountant (1990 - 1994) to Accountant (1994 - 1998) to Senior Accountant (1998 - 2000) to Accounting Specialist (2000 - 2003) Provided interpretation and input to draft strategic alliance (royalty) agreements during the review process, ensured compliance under all executed agreements, prepared budgets, forecasts, and management and milestone summaries. Indirectly supervised and successfully led Senior Accountant and Consultants. Reviewed and approved journal entries, accruals, royalty work papers, royalty reports/payments issued to third parties and affiliated companies, royalty receipts, financial analyses, database applications and ensured timely submission of reporting. Provided written reviews for performance development plans for staff and evaluations for consultants to agencies. • Appointed project leader on an automated licensing system. Converted and implemented an existing in-house database to Access. Revised and rewrote the licensing manual to reflect the improved recommendations and upgrade. • Provided Roche with a competitive advantage by helping to avoid subjectivity and litigation during the contractual review process prior to execution of each agreement. • Administered and managed over 300 in and out royalty licenses. • Developed an excellent trusted rapport and was well regarded within the industry which was relied upon by our third party alliance partners with whom we had out-licenses. • Served as a liaison, interacting extensively with departments such as law, marketing, tax, business development, research and also global affiliates. • Recovered a few million dollars, upon review of agreement where Roche was entitled to a reimbursement of legal out-of-pocket expenses that had not been taken.

Education

  • Rutgers, The State University of New Jersey-New Brunswick
    Certification Program, Financial Management - Center for Government Services
    2010 - 2012
  • Fairleigh Dickinson University, Teaneck, NJ
    MBA, Marketing
  • Fairleigh Dickinson University, Rutherford, NJ
    BS, Accounting

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