ROBERT M.

SHANNON, MBA
Harrison, NY 10528 ~ (914) 473-5598 ~ rmshannon@optonline.net QUALIFICATIONS PROFILE Financial Professional with solid and progressive experience in all facets of accounting, and financial management. Highly skilled in collaborating with all members of the organization to achieve business and financial objectives. Instrumental in enhancing productivity levels, introducing process improvements, and implementing technology solutions. Additional core competencies include: Financial Management & Accounting Financial Reporting Compliance & Risk Management PROFESSIONAL EXPERIENCE MEDCO HEALTH SOLUTIONS, INC. (Acquired by Express Scripts), Franklin Lakes, NJ (1993 - 10/2012) Director, Finance Capital Planning (2007 10/2012) Managed a $325 million capital budget that included the financial review and approval of all company-wide Project Spending Requests (PSRs). Interfaced regularly, and obtained signatory approval from the Chief Financial Officer and Chief Executive Officer for all capital projects. Provided actual and forecasted capital spend figures for the annual Operating Plan, Strategic Plan, and ongoing forecasts throughout the year. Conducted tax incentive grant reporting and compliance, as well as the coordination of Sarbanes-Oxley processes and controls related to Property, Plant, & Equipment and the Capitalization of Software Development. Successfully managed all capital projects ensuring that they were completed within budget and all deliverables were met. Oversaw total capital spending, making sure we did not exceed the annual budget, achieving a 100% target rate. Generated cost savings of $150,000 annually by introducing process improvements to the Project Spending Requests and implemented technology solutions. Received rebate checks and tax credit certificates totaling $10 million annually by administering tax incentive grants and ensuring compliance with all existing finance incentive grant agreements. Directed the Sarbanes-Oxley processes and controls related to Property, Plant, & Equipment and the Capitalization of Software Development achieving 100% audit satisfaction. Selected by senior management as a core participant at the Information Technology Change Management Implementation (CMI) read-outs ensuring all capital projects were within budget and on target to meet deliverables. Spearheaded the financing ($33M), design, and acquisition of a Gulfstream G450 corporate jet. Responsible for all operating aspects of the aircraft including the annual Operating Plan ($5M) and ongoing forecasts. Process Improvement & Change Management Budget Management & Financial Analysis Forecasting & Variance Analysis
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Manager, Financial Policies and Special Projects (2002 2007) Managed the preparation of the annual operating budgets, quarterly forecasts, and monthly financial analysis for Medcos Retail division. Spearheaded the annual capital plan ensuring all assets were recorded to the proper fixed asset account. Prepared quarterly spend and depreciation forecasts and reconciliations. Managed and maintained the corporate finance policies and grants of authority. Assisted the Controllers group in the preparation of the annual report. Served as a member of the Finance Medicare team ensuring a smooth implementation of the Medicare program. Successfully led the SAS-70 audits achieving a satisfactory audit rating with no exceptions. Facilitated efforts to coordinate Medcos SAS-70 audit including updating the description of controls and responding to all audit inquiries. Received rebate checks and tax credit certificates totaling $8 million annually by administering tax incentive grants and ensuring compliance with all existing finance incentive grant agreements. Directed the Sarbanes-Oxley processes and controls related to Financial Reporting achieving 100% audit satisfaction. Spearheaded the financing ($25M), design, and acquisition of a Gulfstream G300 corporate jet. Responsible for all operating aspects of the aircraft including the annual Operating Plan ($5M) and ongoing forecasts.

ROBERT M. SHANNON, MBA

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MERCK-MEDCO MANAGED CARE, L.L.C., Franklin Lakes, NJ

Manager (1997 2002) Facilitated the review and system set-up for new client installations, renewals, and plan changes to ensure compliance with contract terms. Participated in the regional account team quality control audits for client installations and plan changes. Oversaw the JD Edwards project budget, daily project management activities, and was the liaison for all contract negotiations. Spearheaded the review and analysis of the accrued liability accounts ensuring proper documentation existed to support the balances. Managed the review of the monthly close and balance sheet packages for senior management. Spearheaded the creating and distributing of a weekly open issues report to Account Management for any set-up issues greater than 30 days old. Member of the Business Strategy team to review standard operating procedures for client set-ups, and look at ways to reduce set-up errors in order to avoid future client adjustments. Saved the company $2 million annually in performance penalties by overseeing the proper and timely resolution of all issues identified during the client set-up review process, thereby eliminating client adjustments. Created a VP/GM scorecard that measured pharmacy accuracy in dispensing High Cost/High Quantity claims. Project manager responsible for the successful implementation of JD Edwards Accounts Payable, Accounts Receivable, General Ledger, Fixed Assets, and Procurement OneWorld XE software applications.

Senior Financial Analyst, Financial Planning Department (1993 1997) Managed the preparation of the annual budgets, quarterly forecasts, and monthly financial analysis for the Operations and Administration divisions. Oversaw the preparation of the monthly and quarterly Sales Growth reports. Monitored and reported on Service Guarantees for Mail, Retail, and Integrated clients. Reviewed client contracts and reported on performance penalties. Early Career: Senior Financial Analyst Citibank, N.A., New York, NY Leasing Analyst Western Union Corporation, Upper Saddle River, NJ EDUCATION & CREDENTIALS MBA, Finance Iona College Hagan School of Business, New Rochelle, NY Bachelor of Science, Accounting St. Thomas Aquinas College, Sparkill, NY Board of Trustees Storeworkers Retirement Plan Local 1102 (1996 2012) Board of Directors Medco Containment Insurance Company of New York (2010 2012) TECHNICAL SKILLS Microsoft Excel, Word, PowerPoint