Operational CFO with a CPA and an MBA from Northwestern University. Industry experience includes public accounting, manufacturing, financial services and insurance. Technical skills include accounting, financial planning, budgeting, treasury, strategic planning, benefit plan administration, operations and mergers and acquisitions. |
SUMMARY
Financial leader with an operational perspective in identifying and executing innovative strategies in service, manufacturing and not-for-profit industries. Major strengths in budgeting, financial analysis, treasury, management accounting, strategic planning, and administration. Demonstrated ability in mergers and acquisitions, divestitures, start-ups, change management and information technology. Track record of promoting teamwork by effectively communicating with all levels of the organization.
PROFESSIONAL EXPERIENCE
TRUSTMARK INSURANCE COMPANIES, Lake Forest, IL 2004 to Present
Medical, dental, life, disability and benefit administration provider with $3 billion in premium.
Vice-President of Finance - Reporting to the Chief Financial Officer and serving as the financial officer for both the Managed Care and Third Party Administration business units.
- Leading integration of BU financial operations with expected savings of over $500,000.
- Assisting in new product development that will add over $25 million in revenue.
- Member of core team implementing business process management system.
- Designed financial processes for start-up business to ensure financial integrity.
- Developed staffing models to better manage expenses and optimize service levels.
DELTA DENTAL PLAN OF ILLINOIS, Lisle, IL 2000 to 2003
Non-profit dental insurer and administrator of self-insured plans.
Vice-President & Chief Financial Officer – Reported to CEO and directed the financial and underwriting operations for $225 million non-profit dental services company and its for profit subsidiaries.
- Contributed to turn-around of the organization from an operating loss to a profit.
- Restructured the financial organization, improving quality and reducing staff by one-third.
- Streamlined banking activities, increasing efficiencies and reducing costs by $150,000.
- Upgraded general ledger system to expedite close by 5 days and improve access to data.
- Developed more creative financial presentations for the board, improving understanding of business dynamics.
- Educated board on SOX and 404 reporting requirements.
- Negotiated and directed the successful sale of subsidiary operation, enabling management to focus on core operations.
- Improved oversight of 401k and defined benefit plans reducing exposure to fines and penalties.
CNA E&S, Chicago, IL 1996 to 2000
Excess and surplus lines insurance SBU of CNA Financial Corporation.
Sr. Vice-President & Controller – Reporting to President and served as financial officer for $300 million, 260 employee excess and specialty lines P&C insurer with $38 million expense budget.
- Developed internal financial reporting package, improving quality of management data.
- Designed and administered incentive compensation programs to promote employee ownership.
- Participated in design and administration of new reinsurance programs to reduce business risk.
- Developed Y2K contingent business plans to mitigate conversion problems.
AON RISK SERVICES 1983 to 1996
Risk management and insurance services subsidiary of Aon Corporation.
Vice-President & Regional Controller, Winston-Salem, NC (1990 to 1996) – Reported to Regional Director and oversaw finance and administration of 14 profit centers.
Vice President of Planning & Market Security, Chicago, IL (1983 to 1990) – Reported to Senior VP of Finance and coordinated budgeting and financial analysis of over 60 field offices.
- Integrated acquisition of major competitor reducing cost by $3 million or 5%.
- Negotiated profitable sale of 2 marginal offices to management.
- Instituted Peer Review Program to strengthen financial control and develop personnel.
- Computerized budget process reducing preparation time and increasing quality.
- Created a reporting system to provide management with up-to-date monthly forecasts.
- Developed an incentive compensation program which improved account retention.
- Performed financial analysis and due diligence on over 30 acquisitions.
- Established centralized customer data base as a sales management tool.
- Profiled offices’ competitive positions for use in strategic decisions.
- Consolidated market security functions to reduce E&O exposure.
ADDITIONAL RELEVANT EXPERIENCE
McGraw Edison Company, Rolling Meadows, IL – Industrial manufacturer 1981-1982
Director of Strategic Planning,
GTE-Automatic Electric, Northlake, IL - Manufacturer of telephone equipment 1978-1981
Strategic Planning Program Manager
Manager of Financial Analysis and Planning
Admiral Group – Rockwell International, Schaumburg, IL – Mfg of TV’s & appliances 1974-1978
Accounting Manager
Financial Analyst
Price Waterhouse Coopers (formerly Price Waterhouse & Company) – Public accounting 1971-1974
Senior Auditor
Auditor
EDUCATION & CERTIFICATION
Masters of Management, Northwestern University, Evanston, IL 1984
Elected to Beta Gamma Sigma, honorary business fraternity
Bachelor of Business, Major in Accounting, Western Illinois University, Macomb, IL 1971
Selected as Outstanding Senior in Accountancy
Licensed Certified Public Accountant, 1973
Certified Six Sigma Green Belt, 2004
PROFESSIONAL AND CIVIC AFFILIATIONS
American Institute of Certified Public Accountants
Illinois CPA Society
Financial Executives International
Chicago Financial Exchange
Tri-City Family Services Board Member |
