
Al Hreha
Financial Analyst

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About me
Retired - HR Program Manager
Education

Neumann Prep
1968 - 1972
Fairleigh Dickinson University
1978 - 1982MBA Finance
Ashridge Business School
2002 - 2002ITT Strategic Management Program Business Strategy and Leadership
Ramapo College of New Jersey
1972 - 1976BS Accounting
University of Michigan
2002 - 2002Value Based Six Sigma Green Belt Certification College of Engineering
Experience

Singer Kearfott, Division of Singer Sowing Machine Co, (Defense Contractor)
Jan 1977 - Jan 1981Financial Analyst
Sandvik, a Swedish Company manufacturing Industrial Cutting Tools
Jan 1981 - Jan 1983Plant Controller
ITT Avionics
Jan 1983 - Jan 1985Project AccountantProvided Project Accounting analysis, cost control and proposal support for various Government Contracts including fixed price, coat plus, and time and material (T&M).• Designed and wrote (utilizing IBM’s TIF 4/GL) ITT’s first automated Billing System, significantly reducing the preparation of T&M billings from 40 hours to 2 hours, thereby improving cash flow.• Spearheaded the use of Personal Computers and Word Processing/Spreadsheet software in the accounting function. Developed a training program and assisted with application development. Show less

ITT Avionics
Jan 1986 - Jan 1990Manager, Treasury & Financial ServicesManaged payroll, accounts payable, accounts receivable, cost accounting, government billing (DD-250’s, Progress Payments), travel and treasury.• Research, purchased and implemented a Travel Expenses system that could handle the new travel accounting rules for Defense contractors. Ensured only allowable expenses could be charged to government contracts. Developed new travel policies and trained all employees. Negotiated vendor agreements for credit card, limo, and travel services.• Improved cash flow by implemented three changes to receivables process: streamlined internal billing process, shortened receivable cycle with customer and obtained alternate progress payment rates for various contracts. Show less

ITT Corporation
Jan 1991 - Jan 2007Established and managed ITT’s Corporate Human Resources/Financial Shared Service organization which provided HR, Benefits, Payroll, Policy, Real Estate, A/P and Travel Accounting for all ITT North America.• Led a Global HR Transformation Project that improved: employee service and satisfaction; flow of information/data from and to employees for more informed decision-making; accuracy of HR transactions; reduced cycle time and costs; while ensuring effective people management and alignment with ITT’s business goals and values. - Resulted in solution recommendation that provided: one global HRIS; simplified HR systems environment; reduced systems maintenance expenses; and standardized global processes. - Executed a comprehensive plan demonstrating cost models, identified required resources (HR/IT), developed Service Delivery Models, re-engineered processes and improved ROI.• Achieved annual savings of $12 million through standardization and reengineering efforts. Lowered ITT’s total payroll cost by 80.6% to a $1.39 per paycheck; maintained that price for 6 straight years.• Reduced Accounts Payable invoice resolution from 3 weeks to 2 days through process improvements and automation. Selected and implemented Concur for travel expenses and on line travel reservations. Realized improved service and reduced cost.• Initiated and successfully implemented Employee Self Service and On-line Benefits enrollment resulting in 98% customer satisfaction.• Transformed US-centric HR policies through leading a global team of HR professionals resulting in a comprehensive, standardized inclusive program reflecting the global needs of ITT.• Leveraged understanding of ITT’s financial drivers to better align shared services team to successfully achieve the business objectives.• Member of Acquisition Teams integrating newly acquired businesses into ITT’s accounting systems, services and practices. Show less Key leader and decision maker that provided guidance and business reengineering across the ITT Defense group’s financial, contract, logistics, manufacturing and procurement organizations.• Led initiative to eliminate multiple redundant systems which resulted in one common, standard suite of business applications across all of the Defense companies. Realized improved system applications, better reporting, shortened cycle times, best practices, and cost savings to the Corporation.• Utilized an innovative approach to connectivity and implemented the Hyperion Financial Reporting System within ITT Defense & ITT Electronic Components by spearheading the use of Citrix servers within ITT.• Developed a Six Sigma Program for Finance that has been recognized throughout ITT as an innovative, successful and realistic way to attain EXCELLENCE in any organization through process improvement. Presented program to the US Inspector General of Education, Association of Government Accountants, ITT European & US Controllers and Internal Auditing.• Directed a team of cost accountants to successfully implement the first electronic time card system (Jamis) within ITT Defense capable of handling Defense Contractor requirements. Show less
Director HR | Financial Shared Services
Jan 1995 - Jan 2007Manager, Business Systems Reengineering
Jan 1991 - Jan 1995

ITT
Jan 2008 - Sept 2012Selected to lead the transition of HR, Benefits and Payroll functions to a comprehensive outsourcing provider designed to eliminate old technology, concerns with compliance/risk and the looming compliance costs related changes in the 2014 Health Reform Act.• Led outsourcing selection process; identified requirements and key success factors.• Evaluated Tier I providers: NorthgateArinso, Ceridian & ADP; provided indepth analysis; recommended ADP. • Successfully negotiated pricing for HR/Benefits/Payroll services providing $7.2M cost reduction over 3 years. Show less Single point of contact for managing and coordinating ITT’s Global Real Estate activities for 585 facilities worldwide with lease/operating expenses over $211M annually. Led HQ construction projects and managed facilities including HQ Administrative Services.• Oversaw strategic and tactical goals to appropriately position ITT’s global portfolio to meet the requirements of company’s domestic and international businesses, while maximizing the value of the portfolio and maintaining a high level of customer service.• Led two highly visible construction projects: ITT’s $14M new corporate HQ in White Plains, NY and ITT’s new $3M IT Center of Excellence in Hanover, MD.- Designed, persuaded, influenced and brought senior executives to consensus which drove change to create a more social, innovative, collaborative working environment which reflected ITT’s new culture and vision.- Selected locations; negotiated leases; and acquired incentives with NY State (grant $1M) and the IDA-Westchester County (sales tax relief $500K).- Both projects completed on time/on budget and exceeded employees/senior executives/Board of Directors expectations. • Negotiated 2010 Leases saving $14.5M in rent reduction, tenant improvements and free rent. Secured $15M savings in 2009.• Established and implemented program for Local, State, County & International Grants, Tax Incentives and Tax Abatements. Responsibility encompassed: negotiations, implementation, program tracking and yearly compliance reporting. Awarded $7.2M in incentives 2009-2011.• Negotiated a strategic partnership with a Real Estate Firm providing ITT with significant discounted fees and free services, representing $7.4M savings over the last 4 years.• Developed and maintain ITT’s Real Estate Database.• Partnered w/senior leadership, facilities rationalization/ acquisition teams: identify opportunities, set objectives, recommend strategies. Show less
Business Process Outsourcing | Project Manager | Consultant through 12/2011
Jan 2011 - Sept 2012Director, Corporate Real Estate
Jan 2008 - Jan 2011

VEVO
Jan 2012 - Jul 2014Business Process Outsourcing - Consultant Through Co-Source SolutionsIn 2012, I was selected to analyze back office services provided by parent company. Charged with evaluating current technology and services to determine capability to improve technology, services and enable scalability for future growth. Project managed the migration to Insperity, IQ Backoffice A/P, and Concurforce in 2013. Then project managed the migration from Insperity to ADP Workforce Now, worked with Capacity Benefits to negotiated/implemented new Benefit plans for 2014 and migrated off Concurforce to Concur Professional all due to the continued growth of VEVO. Currently managing Benefit/Payroll operations. Show less

RGP
Sept 2014 - Feb 2015HR Program Manager
Licenses & Certifications

Six Sigma Green Belt
University of Michigan
Volunteer Experience
Youth Group Leader
Issued by Annunciation Catholic Church on Jan 1979
Associated with Al Hreha
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