Michael B

Chief Financial Officer


Chief Financial Officer

Education Level:


Will Relocate:



PROFILE Experienced Senior business leader in multiple professional disciplines and environments, with extensive experience in corporate and governmental, accounting, auditing, finance, new systems implementation, change management, process improvement, project management, and university teaching. Results oriented strategic and operational manager. Ability to succeed where others have been unsuccessful in implementing new systems, processes and controls. Strong interpersonal and customer service skills. Ability to motivate others to exceed expectations. *GAAP Accounting (FASB and GASB) * Auditing *Financial Reporting *CFO *Treasurer * Payroll * Internal Control Evaluation *Time and Attendance Systems *ERP Implementation (Oracle, SAP, Microsoft Dynamics) *Project Management * Consulting *Best Practice Process Improvement * Automated Workflow * Fraud Investigation *Life Insurance CAREER HIGHLIGHTS: Michael E Broache, CPA, CFE, CIA, MPA Owner - Consultant 2013 - Present Provide accounting, finance, and systems consulting services to public and private sector organizations. Serve as Chief Financial Officer (CFO) for a startup transit management company serving Central Maryland counties. Provide consulting services for Microsoft Dynamics AX implementation and project Provide marketing consulting services for insurance provider relating to CPAs Management services for various financing projects City of Baltimore Chief Accountant - Accounting and Payroll Director/Controller 2004 - 2013 Member of Finance Department Senior Management team and Chief Accountant and Payroll Executive for the City of Baltimore, Maryland with net assets of approximately $4.3 billion and annually processes over 144,000 vendor payments and pays 16,000 employees and 5,000 retirees on weekly and biweekly schedules. Responsible for: * Management of the City's Bureau of Accounting and Payroll Services and its 61 paraprofessional and professional employees and a budget of $8.1 million. * Setting strategic direction for City accounting and payroll function * Citywide GAAP accounting and employee payroll processing in accordance with nine union contracts. Accounting and Payroll advisor for all City agencies. * Analysis, evaluation, and implementation of all professional pronouncements from the GASB. Implemented all appropriate standards from GASB 34 - 65 * All financial reporting including the preparation of the City's Comprehensive Annual Financial Report (CAFR City of Baltimore Cont) Chief Accountant (Cont) * Establishing and monitoring accounting policies and practices in accordance with GAAP and the City's charter * Implementing and monitoring effective internal controls citywide Executive sponsor and project manager for the on time and on budget implementation of ADP's Enterprise eTime, ADP Enterprise Human Resources/Payroll and Microsoft Dynamics GP Financial systems. Improved business processes with best practices. Implemented business processes and reporting to improve effectiveness of Bureau operations. Improved professional composition and focus of the organization. Implemented training and continuing education program for all Bureau employees. Improved on time vendor payments from 43% to 81% with implementation of best practices software, best practices business process, and focused follow-up. Served as Treasurer and CFO for the Baltimore City Foundation. Improved investments, financial oversight and internal control. Member of Maryland GFOA Board, Served as Treasurer and Secretary Deputy Chief Accountant 2002 - 2004 Fidelity and Deposit Company of Maryland-Zurich NA Financial Systems Manager 1999 - 2001 Managed a team of information technology professionals responsible for financial systems, including SAP R/3 Accounting, General Ledger, Accounts Payable and Controlling modules, various mainframe financial and insurance reporting systems, and Cyborg Payroll/Human Resources system. Baltimore Gas and Electric Company Senior Project Manager