Stacey Semmel
CPA, CBM

Assistant Vice President, Financial Affairs/ University Controller
Florida Atlantic University
Boca Raton, FL 33431
Administration Building, Room 158
561.297.3102
FAX 561.297.2877

ssemmel@fau.edu

Responsible for the University’s Finance and Accounting operations and the maintenance of its financial records and financial reports. Manage, direct and control nine departments with a budget of $1.46 million out of a $355 million university budget. Departments including Payroll, Bursar (including Accounts Receivable), Accounts Payable and General Disbursements, General Accounting and Financial Statement Maintenance, Property Management, Insurance and Cash Management, Administrative Travel Services , Student Financial Services, and tax return preparation and compliance. Responsible for the interpretation of federal, state and University laws, rules and regulations.

Woods Hole Oceanographic Institution
Controller - 1993-2004

Responsible for the Institution’s accounting practices, the maintenance of its financial records and the preparation of its budget and financial reports. Functional areas of responsibility for the Institution’s $128 million operating budget and $400 million of endowment and pension funds include general accounting, budgeting and financial analysis, treasury and cash management, internal auditing, regulatory compliance, accounts receivable, payroll, and property management. Primary contact with the Institution’s public accountants and regulatory agencies, including responsibility for the calculation and negotiation of the indirect cost recovery rates. Instrumental in the issuance of a $50 million bond issue including selection of investment banker, bond council, preparation of information for schedule A for the rating agency and all supporting documentation. Committee member responsible for the redesign of the Institution’s defined benefit retirement plan.

Accomplishments include the implementation of an Enterprise Resource Planning financial and administrative system (Sungard Bi-Tech). Project leader for development and implementation of Cognos Enterprise Planning Series ten year rolling forecast, which includes scenario planning, assumptions and reporting.

Manager of Budgets and Financial Analysis

Responsible for the development and implementation of the Institution’s annual operating and capital budgets in accordance with financial and regulatory policies and procedures. Prepared key indicators for evaluating the financial health of the Institution including monthly and quarterly financial projections.

Accomplishments include the implementation of a web-based budgeting system and a web-based financial query and reporting system used by all employees.

General Accounting Administrator

Responsible for management of all accounting functions including, monthly and annual closings, data control and systems accounting support.

Accomplishments include the streamlining of the monthly accounting close from 20 working days to 5 working days. Shortened the timing of producing a 26 page financial statement from 6 weeks to the 15th day following of the close of a month, streamlined the year end closing process from 4 months to 21 working days.

Sparrow, Johnson & Ursillo
Audit Manager - 1992-1993

Responsible for the planning, execution and finalization of the financial statement audit and tax returns for clients in the not for profit, manufacturing and distribution industries. Other responsibilities included recruitment of professional staff and primary responsibility for the firm’s training program for their audit software.

McGladrey & Pullen
Audit Supervisor - 1984-1992

Responsible for the planning, execution and finalization of the financial statement audit and tax returns for clients in the not for profit and hospitality industries. Audits included financial statement and A-133.

Education

• Masters of Accounting -  1992
  Florida International University

• Bachelors of Accounting from the Fisher School of Accounting - 1987
  University of Florida

Affiliations

• Licensed as a Certified Public Accountant in Florida.

• Licensed as Certified Business Manager in coordination with the Association of Professionals in Business Management

• Member of the American Institute of Certified Public Accountants

• Member of the Institute of Management Accountants

• Member of the American Management Association

• Member of the Association of Independent Research Institutes

• Member of the Association of College & University Business Officers (NACUBO)

• Charter Founder and President of the Hyannis Fire Fighters Local 2172 Ladies Auxiliary