1. KAREN M. PURTELL
6 5 5 Tiv oli Roa d· Fre de ric k · MD· 2 1 7 0 3
Mobile : (4 4 3 ) 7 9 9 -7 3 1 8 * Ema il: k mpurt@ ya hoo. c om
CLEARANCE: PUBLIC TRUST (granted 2014) - SECRET CLEARANCE (granted 2012)
PRINCIPAL AREAS OF PRACTICE
Over eighteen years of professional experience to include: Financial Accounting, Analysis and Reporting; Month-End Close Process;
Budget Preparation; Cash Flow Forecast and Monitoring; Account & Bank Reconciliations; P&L Analysis; Payroll; Policies and
Procedures; Banking Relationship; Project Management; Human Resources; Business & Technical Writing; Customer Service; and
Software Upgrade Implementation.
PROFESSIONAL EXPERIENCE
September 2014 – present, Leidos Biomedical Research, Inc.
Manager, General Accounting (November 2014 – present)
• Manage Accounting Department and perform accounting functions for NCI (FFRDC) contract. Supervise accounting staff and
assist with supervision of Accounts Payable Department. Interact with Finance, Internal Audit and IT for application of proper
accounting procedures within Costpoint 7.0, COR360 and Cognos.
• Responsible for new cost pool accounting set-up in Costpoint GL. Set-up new accounts, pool base and cost creation, PAGs and
rate structure.
• Assist with bi-weekly wire payments and weekly check run for vendor payments utilizing CitiDirect BE.
• Perform Month-end Close and post revenue to GL. Prepare Financial Statements to include Trial Balance, Balance Sheet,
Income Statement and Statement of Indirect Expenses.
• Responsible for all Balance Sheet monthly reconciliations including SBA Cash Management, Unbilled and Allocation Accounts.
Submit to Corporate and report flux analysis to Corporate.
Accountant III (September 2014 – November 2014)
• Reconcile GL Balance Sheet accounts to include SBA Cash Accounts. Research discrepancies and prepare journal entries to
record adjustments.
• Manage voucher exceptions report utilizing Costpoint 7.0 and Corcentric 360. Communicate with various Leidos Team
Members to research, validate and record corrections for voucher processing.
Contractor/Internal Auditor (May 2014 – September 2014)
• Served as a Contractor/Internal Auditor to Leidos Biomedical Research through Artech Government Services. Audited cost
reimbursable and T&M government contracts for NCI to ensure subcontractor invoicing aligned with contract terms.
May 2013 – present, Independent Consultant
Independent Consultant
• Worked with various clients assisting in their accounting needs. Utilized software programs including QuickBooks 2014, MS
Dynamics SL/Solomon, and MS Office 2013. Trained client team members on accounting system modules and payroll.
• Consulted with clients regarding State and Federal Company start-up requirements. Identified areas to be streamlined and
reported efficiency updates to Company Owners and/or Accounting Management Staff. Advised clients as needed.
February 2012–April 2013, Integrated Communication Solutions, Inc.
Director of Accounting/Controller
• Reported to the CEO. Managed accounting functions such as daily bank reconciliation and preparation of cash flow reports for
Management. Maintained relationship with outside banking institution regarding corporate LOC.
• Prepared and managed corporate budget of $10M+ and performed cash management for the Company. Prepared monthly
Executive Management briefings regarding corporate cash flow and revenue projections of budget vs. actual.
2. • Managed and administered cost allocation plans for ICS. Coordinated with HR regarding payroll administration and improved
payroll estimates for cash flow management.
• Prepared indirect/direct rate schedule in compliance with DCAA and calculated rate structure for new contracts per rate
schedule. Knowledge of FFP, T&M, CPAF and other government contracts. Knowledge of WAWF.
• Managed MS Dynamics SL/Solomon accounting system. Maintained GL to include preparation of journal entries, account
analysis and reconciliation, A/P, A/R, client invoicing, monitoring of A/R Aging Report, job cost analysis and ad-hoc reporting.
• Managed monthly close and provided financial reporting to Executive Management to include Balance Sheet, Income Statement,
Labor Utilization, Indirect/Direct rates, Project Tracking and Compliance Reporting.
April 2009–July 2011, ADG Creative, Inc.
Accounting Manager
• Reported to the CFO in newly created position. Managed cost accounting, payroll functions, accounting/management/cash
flow reports, and other related duties in the daily administration of the Accounting Department.
• Analyzed Income Statement, Balance Sheet, Bank Information, and A/R and A/P Aging Reports and provided data and
recommendations to the Executive Team. Worked with outside Banking Institutions regarding corporate LOC.
• Worked with MD State Auditor to perform MD Sales and Use Tax Audit and Payroll Audit. Researched, documented and
provided requested information to Auditor to minimize tax burden. Decreased initial estimated tax burden by over 85%.
• Analyzed revenue and expenditure trends. Implemented appropriate measures to ensure cost control relating to annual
operating budget of $4M+. Utilized Clients & Profits (C&P) Software and MS Excel for accounting/management reporting.
• Prepared indirect/direct rate schedule in compliance with DCAA for calculation of government billing rates. Calculated rate
build-ups for new SOW's per rate schedule.
• Worked with Prime Contractors such as L3-Stratis, SAIC, Camber Corporation, Lockheed Martin, Northrop Grumman, and
Booz Allen regarding invoicing in time entry systems such as Deltek, Unanet and other proprietary systems.
• Processed bi-weekly Payroll; time report review, calculation of employee leave and other HR related benefits. Worked with
CBIZ to analyze annual benefits for employee Open Enrollment. Managed annual Open Enrollment with CBIZ.
• Maintained C&P GL to include preparation of journal entries, coding of invoices, account analysis and reconciliation, client
invoicing and monitoring of AR Aging Report, resolution of accounting discrepancies, job cost analysis and ad-hoc reporting.
• Coordinated with CPA Firm regarding year-end audit to include GL account schedule preparation; verification of GL entries;
explanation of supporting materials, documents and procedures; and preparation of any other requested materials.
February 2008–September 2008, Livanta, LLC
Program Manager/Senior Requirements Analyst/ISO Quality Coordinator
• Participated in and led ISO activities while serving as a Program Manager/ISO Quality Coordinator for the CERTII Medicare
Project. Responsible for maintaining and editing, as necessary, the Quality Manual and the Quality Systems Manual. Maintained
the daily operation of the Quality Management System processes.
• Maintained CPAR log in MS Excel; assisted in workflow documentation, processes and procedures; ensured quality objectives
were being maintained; and participated in and oversaw the ISO Internal Audit program. Performed Internal Audits for the
Human Resources and Finance/Accounting Departments.
• Served as the Senior Requirements Analyst/Assisting Project Lead on RAC Special Study Project. Responsibilities included:
creating documentation and workflow requirements; assisting Program Lead with project operations; creating agendas for weekly
meetings with CMS and outsourced Contracting Company. Managed PO’s and expenditures for RAC Project to ensure
profitability. Increased profitability as project was significantly under budget.
• Collaborated with Senior Software Developer for creation of Software Application for Appeals Process which combined
metadata with an MS Excel spreadsheet. Provided input on functionality of the Application, tested output, and analyzed
requirements to ensure the Application would support the end user in the Appeals Process.
August 2007–January 2008, HealthStream Research, Inc.
Accounting Manager, Research Division
• Served as the Accounting Manager for the Research Division of HealthStream, Inc. reporting to the Senior VP of Finance
located in Franklin, TN as well as the COO of the Baltimore Office.
• Responsible for development of the 2008 Personnel, Expense and Capital Expenditure $22M budget for the Research Division.
Met with Research Division Department Managers to implement new budgeting system for 2008.
3. • Coordinated with Corporate Office in delegating financial responsibilities to appropriate personnel. Mentored direct reports in
A/R and A/P duties.
• Worked with Senior VP of Finance for Revenue Recognition for Baltimore Office and Research Division using GAAP.
Supported Corporate Office by providing financial data via numerous reporting mechanisms.
• Utilized MS Solomon Accounting Software and MS Excel. Utilized Salesforce.com to track pipeline information for future
revenue recognition. Utilized proprietary Project Management software to track project status and update revenue forecasts.
• Implemented an organizational system for the Baltimore Accounting Department.
May 2001–April 2007, Network Security Consulting, Inc.
Controller/Partner/Director of Finance & Administration
• Served as the Controller reporting to the President, CEO and Board of Directors. Managed all financial reporting of the
Company on a weekly and monthly basis. Reports include Cash Flow Analysis; Outstanding A/R & A/P Reports; Budget vs.
Actual P&L Reports; Standard P&L, Balance Sheet and other ad-hoc reports upon request.
• Started as a Member/Partner in the start-up LLC in 2001. From a financial and accounting perspective, transitioned NSC, LLC
to NSC, INC in April 2005. Collaborated with outside investors when the merger occurred.
• Responsible for Finance, Accounting, HR, Payroll, and Contract Administration. Corporate budget creation, revenue
forecasting; banking; payroll, general administration; approval of subcontractor agreements and master services agreements; and
implementing health and business insurance plans.
• Utilized QuickBooks Premier 2005/2003 & Pro 2002 and MS Excel to track the Company’s financial status. Developed and
analyzed reports such as Balance Sheets, P&L Statements, Cash Flow Analyses as well as A/R and A/P reports for other
partners within the company. Created the annual corporate budget for Years 2002, 2003, 2004 & 2005 ($3M+).
• Responsible for all aspects of the Company GL. Created Chart of Accounts, Payroll, A/R & A/P processes and reporting
procedures. Served as the Corporate Liaison for IRS audits.
• Established Corporate and State tax accounts for Estimated Corporate & Property Tax Liabilities; Payroll Withholding, SUTA
and FUTA Taxes; and Sales & Use Taxes. Performed other miscellaneous state reporting requirements such as MD New Hire
Registration, Wage Garnishments, Child Support and 401k Annual Reporting (Form 5500).
• Responsible for bi-weekly Payroll for employees utilizing QuickBooks and Bank of America’s Business Connect.
• Responsible for Revenue Recognition of all Consulting Service Engagements. Worked with Project Managers on job costing for
each Consulting Services Engagement ensuring maximum profit margins. Utilized TimeConsultant web time tracking system to
track Employee and Consultant hours per project.
• Mentored Accounting Assistants on QuickBooks and GAAP standards. Trained new employees on general office practices.
March 2000–March 2001, ZEFER Corporation
Associate Consultant /Analyst / Office Manager
• Responsible for the daily operations of the Information Security Group (ISG). Served as the Financial Analyst for ISG –
reported project revenue, gross margins, revenue recognition, billable utilization reports, and other financial data as needed.
• Responsible for revenue projections for ISG. Utilized MS Excel, MS Project, MS PowerPoint and MS Access database to track
pipeline projects, pursuits, proposals and current engagements.
• Assisted in supporting consultant engagement procedures. Provided resource management, project management and engagement
oversight. Developed associated technical proposals and client deliverables.
• Contributed significantly to the delivery of over $4 million of information security services during the first year of ISG’s
operation—ZEFER’s most profitable service delivery group.
February 1998–February 2000, Consultis Information Technology & Acuity Technology
Branch Manager / Technical Recruiter
• Managed small IT consulting branch office in the Baltimore Metro area. Responsibilities included recruitment, staff training,
technical resume review, documentation, account development, A/R, A/P, payroll, budgeting and sales forecasting. Responsible
for revenue/sales projections for the Baltimore Office.
• Initiated the creation of a standardized Employee Handbook that documented HR policies/procedures. Documented recruiting
policies and created a reference guide of standardized recruiting forms for all recruiters.
4. • Responsible for all facets of branch office - advertising, recruiting, phone screening, interview scheduling, in-person interviews,
reference-checking, salary negotiations, contract and direct hire placements, and maintaining client/consultant relationships.
• Performed general HR duties including I-9, W-4 and 1099 paperwork. Utilized ProSearch, WinSearch and Goldmine databases.
May 1995–February 1998, Ritz Camera Centers, Inc.
Staff Accountant
• Prepared Sales and Use Tax returns for approximately 45 states on a weekly or monthly basis dependent upon state
requirements. Registered new Ritz and Boater’s World stores within city, county and state sales/use tax laws.
• Worked with CPA in analyzing GL Balance Sheet accounts. Reconciled individual and consolidated store bank statements to the
GL. Researched discrepancies in missing deposits and reported information to Regional Managers. Prepared journal entries.
• Responsible for tracking fixed assets for 800+ stores and reconciling Lawson Fixed Asset system to the GL. Created training
manual for end-users on the Fixed Assets system.
EDUCATION
University of Maryland College Park, College Park, MD
Bachelor of Science – General Business and Management, December 1994