Vince Shreckengast

Accounting/Finance Executive

Location
Greater Philadelphia Area
Industry
Insurance

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Vince Shreckengast's Overview

Past
  • Corporate Expense Controller at CIGNA
  • Vice President, Chief Acctg Officer at CIGNA Healthcare
  • Enterprise Project Lead, Sarbanes-Oxley at CIGNA
  • Vice President, Audit at CIGNA Healthcare
  • Vice President, Chief Accounting Officer at CIGNA International
  • AVP at CIGNA
  • Divisional Controller/Chief Acctg Officer, Mgr Financial Planning, Mgr Corporate Accounting at SPS Technologies
  • Senior Auditor, Small Business Unit (Phila, Pa) at Ernst & Young
  • Staff Acct/Senior Auditor (Hartford, CT) at Price Waterhouse
Education
Connections

140 connections

Vince Shreckengast's Summary

High-energy executive with history of leading large accounting organizations and complex change initiatives both domestically and internationally. Assigned to tackle the highest priorities of Senior Management/Board to improve accounting controls, achieve financial efficiencies, reduce expenses and streamline accounting functions. Possesses a unique blend of leadership, execution, analytical, problem solving and team building abilities.

Accomplishments include assembling a team and successfully leading a worldwide reengineering of accounting processes in 24 countries to significantly improve accuracy and timing of the close in CIGNA International, leading the successful companywide implementation of Sarbanes-Oxley for CIGNA Corporation, and identifying and overseeing the reorganization of the overall accounting function within CIGNA HealthCare, resulting in a 40% budget reduction over a 4 year period.

Vince Shreckengast's Experience

Corporate Expense Controller

CIGNA

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

September 2009May 2010 (9 months)

Charged with the overall financial leadership responsibility for #1 enterprise-wide priority to improve productivity and close competitive expense gap
Worked with Senior Management Team to develop operating expense reduction goals and steps to cut costs, and presented monthly updates to CFO, CEO and Board Chairman
Successfully achieved projected target to reduce expenses by $100+ million

Vice President, Chief Acctg Officer

CIGNA Healthcare

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

August 2004November 2009 (5 years 4 months)

Directed overall accounting functions for all CIGNA HealthCare businesses and subsidiaries, overseeing a staffof over 200
Significantly improved controls through remediation of Sarbanes-Oxley deficiencies while driving significant efficiencies
Streamlined entire accounting function enabling a 40% reduction in staff and a budget decrease from $15M to $8.5M

Enterprise Project Lead, Sarbanes-Oxley

CIGNA

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

May 2003September 2004 (1 year 5 months)

Managed corporate-wide implementation from inception through successful completion and implementation; direct status reporting to Board

Vice President, Audit

CIGNA Healthcare

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

February 2003May 2003 (4 months)

Reported to Corporate General Auditor. Led Divisional internal audit function. Promoted to head up Corporation's Sarbanes-Oxley Implementation Project

Vice President, Chief Accounting Officer

CIGNA International

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

August 2000February 2003 (2 years 7 months)

Direct report to Chief Financial Officer, provided overall leadership to accounting function, and led multi-year project to transform worldwide accounting function
Reengineered, consolidated and standardized accounting process in 24 countries
Provided training to companies on new systems and processes, utilizing interpreters
Developed a team consisting of over 100 employess and 7 individual project team leads to design/rollout new worldwide ledger system
Delivered "Best in Class" process improvement, reducing 45 day worldwide book closing to 8 days.

AVP

CIGNA

Public Company; 10,001+ employees; CI; Health, Wellness and Fitness industry

June 1991August 2000 (9 years 3 months)

Served in multiple Corporate and Divisional Acctg/Finance roles including Divisional Acctg Officer, Consolidation, Accounting Research, M&A Support

Divisional Controller/Chief Acctg Officer, Mgr Financial Planning, Mgr Corporate Accounting

SPS Technologies

Public Company; 1001-5000 employees; Aviation & Aerospace industry

November 1983June 1991 (7 years 8 months)

Held numerous corporate and divisional positions of significantly increasing responsibility - including Chief Financial Officer positions (reporting to the Division President) for 2 major operating divisions.

Senior Auditor, Small Business Unit (Phila, Pa)

Ernst & Young

Privately Held; 10,001+ employees; Accounting industry

September 1982June 1983 (10 months)

Staff Acct/Senior Auditor (Hartford, CT)

Price Waterhouse

Partnership; 10,001+ employees; Accounting industry

January 1980September 1982 (2 years 9 months)

Vince Shreckengast's Skills & Expertise

  1. Internal Controls
  2. Internal Audit
  3. Sarbanes-Oxley Act
  4. Auditing
  5. Accounting
  6. Process Improvement

Vince Shreckengast's Education

Temple University

BS, Magna cum laude, Accounting

Vince Shreckengast's Additional Information

Groups and Associations:

American Institute of Certified Public Accountants Pennsylvania Institute of Certified Public Accountants

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