Jim Clague

Current

President at JFC Companies, Inc.
Controller/Director of Finance at Civista Health
President at JFC Consulting Services

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Past

Chief Financial Officer at Bolton & Associates
Project Consultant at The Mills Corporation
Controller at Harbourton Capital Group

Finance Manager at BearingPoint
Accounting Manager at Freddie Mac
Tax Preparer at Goodman & Company
Accounting Manager at Sunrise Assisted Living
Tax Preparer at Martin, Dolan & Holton
Regional Controller at United Dominion Realty Trust
Assistant Controller at Waste Management
Senior Auditor at The Pittston Company
Auditor at Ernst & Young

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9 more...

Education

Virginia Commonwealth University - School of Business

Recommended

6 people have recommended Jim

Connections

98 connections

Industry

Accounting

Websites

Jim Clague’s Summary

CPA professional with 14 years of accounting experience as a Controller, Manager, and Auditor with Fortune 500 companies and a Big 4 Accounting Firm; highly motivating manager and team builder; reliable and dependable leader; and vast knowledge of information systems.

Jim Clague’s Specialties:

Management, operational accounting, financial reporting, budgeting, forecasting

Jim Clague’s Experience

President

JFC Companies, Inc.

(Financial Services industry)

July 2008 — Present (1 year 5 months)
Controller/Director of Finance

Civista Health

(Hospital & Health Care industry)

December 2007 — Present (2 years )

Manage the Finance and Accounting Group with revenues of $90 Million/year; direct and supervise performance of accounting, accounts payable, payroll, budget, and reimbursement personnel; responsible for the monthly closing, financial statement generation, forecasting, and budgeting.
President

JFC Consulting Services

(Accounting industry)

July 2001 — Present (8 years 5 months)
Chief Financial Officer

Bolton & Associates

(Privately Held; 51-200 employees; Civil Engineering industry)

February 2007 — October 2007 (9 months)

Managed and actively oversaw the Finance and Accounting Group, Information Technology Group, and Human Resources Group with revenues of $9 Million/year; directed and supervised performance of accounting, accounts payable, billing, accounts receivable, information technology, and human resources personnel; responsible for the monthly closing, financial statement generation, forecasting, and budgeting.
Project Consultant

The Mills Corporation

(Public Company; 1001-5000 employees; MLS; Real Estate industry)

December 2006 — February 2007 (3 months)

Assisted with restatement & back-filling for Corporate Accounting Group.
Controller

Harbourton Capital Group

(Privately Held; 501-1000 employees; Financial Services industry)

April 2006 — November 2006 (8 months)

Coordinated, organized, managed, and actively oversaw the operations of the Corporate Accounting Department with revenues of $10 Million/year; directed and supervised performance of accounting and accounts payable personnel; responsible for the monthly closing and financial statement generation; monitored financial and operating trends of the company; prepared monthly board package; and created all accounting policies and procedures to comply with GAAP/Sarbanes-Oxley.
Finance Manager

BearingPoint

(Public Company; 10,001 or more employees; BE; Management Consulting industry)

August 2005 — April 2006 (9 months)

Managed the Public Services Expense Reporting Group with revenues of $1.4 Billion/year; supervised 5 Analysts; performed analysis on all expenses within the division; created all accounting policies and procedures within the group to comply with GAAP/Sarbanes-Oxley; prepared schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; and performed any special project work requested by upper-management.
Accounting Manager

Freddie Mac

(Public Company; 1001-5000 employees; FRE; Financial Services industry)

September 2002 — July 2005 (2 years 11 months)

Managed the planning, budgeting, control, and accounting functions within the Corporate Budgeting & Analysis Group; supervised 3 Senior Analysts; managed the capitalize software accounting process to comply with corporate accounting policy, GAAP, and FAS 86/SOP 98-1; managed the monthly and annual G&A expense closing process; managed the monthly journal entries for capitalize software and G&A expense cost allocations and related account reconciliations; oversaw the PS Project Costing System and PS Budgeting System; created ad-hoc nVision reports as requested; responsible for Sarbanes-Oxley compliance with capitalized software; created/updated all accounting policies and procedures within my group to comply with GAAP/Sarbanes-Oxley; prepared various schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; and managed the quarterly/annual budget loading process and any required analysis. Performed accounting functions on FAS 140/FIN 45 Re-Audit Amortization Team.
Tax Preparer

Goodman & Company

(Privately Held; 201-500 employees; Accounting industry)

January 2003 — April 2004 (1 year 4 months)

Prepared individual tax returns on a part-time basis.
Accounting Manager

Sunrise Assisted Living

(Public Company; 10,001 or more employees; Hospital & Health Care industry)

July 2001 — January 2002 (7 months)

Coordinated, organized, managed, and actively oversaw the operations of the General Ledger Group with revenues of $345 Million/year; responsible for monthly closing and financial statement generation to internal and external custmers; directed and supervised performance of 8 Accountants; created/updated all accounting policies and procedures within my group to comply with GAAP; performed special project work for Controller; prepared various schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; and member of team to consolidate all PeopleSoft processes.
Tax Preparer

Martin, Dolan & Holton

(Partnership; 11-50 employees; Accounting industry)

January 2000 — April 2001 (1 year 4 months)

Prepared individual tax returns on a part-time basis.
Regional Controller

United Dominion Realty Trust

(Public Company; 1001-5000 employees; UDR; Real Estate industry)

October 1999 — March 2001 (1 year 6 months)

Coordinated, organized, managed, and actively oversaw the operations of the Southern Regional Property Accounting Group with revenues of $140 Million/year; responsible for monthly closing and financial statement generation; directed and supervised performance of 5 Senior and Staff Accountants; assisted with budgeting process; performed special projects for the Corporate Controller and Senior Business Analyst; established and wrote accounting practices and procedures to comply with GAAP; prepared various schedules/performed analysis on 10-K, 10-Q, and Annual Report filings; involved with implementation of new accounting and revenue/expense recognizing software; and involved in conversion from Great Plains Accounting System to PeopleSoft Accounting System (Reason for Leaving: Downsized).
Assistant Controller

Waste Management

(Public Company; 5001-10,000 employees; WMI; Transportation/Trucking/Railroad industry)

November 1998 — October 1999 (1 year )

Coordinated, organized, managed, and actively oversaw the operations of the Accounting Department; directed and supervised performance of 12 accounting, billing, accounts payable, and payroll personnel; responsible for the monthly closing and financial statement generation; established accounting practices and procedures; monitored financial and operating trends of the company; created and designed appropriate financial and operating reports for the corporate office; performed revenue forecasting, expense control, and asset management; and prepared annual budget for Division with revenues of $40 Million/year (Reason for Leaving: Recruited by Prior E&Y Contact).
Senior Auditor

The Pittston Company

(Public Company; 10,001 or more employees; Transportation/Trucking/Railroad industry)

November 1997 — November 1998 (1 year 1 month)

Conducted financial, operational, and compliance audits as well as special projects within Corporate Audit Group with revenues of $4.235 Billion/year; planned and supervised audits; responsible for the verification of transactions and compliance with Company policies and procedures at local operating units, subsidiaries, and group headquarters; worked with management and senior executives in the development of recommended changes to operating and financial procedures; performed specific audit procedures to assist the Company's external auditors; and performed due diligence work and financial analysis when acquiring other businesses (Reason for Leaving: Excessive Travel).
Auditor

Ernst & Young

(Partnership; 10,001 or more employees; EY; Accounting industry)

August 1995 — August 1997 (2 years 1 month)

Performed auditing functions and control procedures on company financial records; identified client needs while planning and coordinating audit engagements; documented audit planning considerations; documented and evaluated accounting systems; supervised staff and reviewed workpapers; analyzed complex accounting transactions; evaluated the collectibility of receivables and the adequacy of the related reserve; evaluated company financial statement disclosures; applied audit concepts and techniques in order to evaluate audit evidence and document conclusions; and assisted in preparation and review of SEC filings (main industries included Mobil Oil and financial services).

Jim Clague’s Education

Virginia Commonwealth University - School of Business

1993 — 1994

Activities and Societies:

Beta Alpha Psi

Additional Information

Jim Clague’s Websites:

Jim Clague’s Groups:

American Institute of CPA's, Virginia Society of CPA's, Maryland Association of CPA's, National Association of Realtors, Maryland Real Estate Commission, Southern Maryland Association of Realtors, Accounting Network

Finance & Accounting Professionals
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The Certified Public Accountants Group
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Ernst & Young
Virginia Commonwealth University School of Business
Big 4 Alum & EE's CPA, MBA Pricewaterhouse PWC, Deloitte Touche,Ernst EY, KPMG Goal 5,000 Users eom
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Big 4
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Virginia Commonwealth University Alumni
Maryland Association of CPAs
AICPA (The American Institute of Certified Public Accountants)
CPA (Certified Public Accountant)
Virginia Society of Certified Public Accountants
Controller meets Controllers
VCU Business Society
Finance Professionals Network, MAF, ACA, CPA, ICPAS, CFA, Financial Controller / Analyst / Director
Healthcare Financial Management Association (HFMA)
CPA Careers Network
Healthcare Controller Group