Senior Finance & Operations Profile Summary
--Served as the interim CFO for a $225M subsidiary at a Fortune 200 Managed
Care company
--Business transformation experience, managed 2 operational consolidations,
evaluation of 2 core business systems, outsourcing decisions, lease vs. buy
decisions, and contract review
--Acquisition valuation modeling as an independent consultant
--Bank Operations (8yrs)- Led a multi-state (Regional) check-processing center
with 165 FTE through 7 subordinate supervisors
--Planned, developed, implemented and managed 2 corporate wide capital
expenditure planning and approval processes with budgets totaling $500M
over a 6-year period. Most recent process resulted in a $123M savings over 5
years at a Fortune 200 company
--Capital Planning & Analysis, financial review and approval link between
subsidiaries and the corporate finance for 4-years
PROFESSIONAL EXPERIENCE
COUNTRYWIDE FINANCIAL CORP Westlake Village, CA 2004 TO OCT 2007
CORPORATE FINANCIAL PLANNING
FIRST VICE PRESIDENT
Provided corporate reporting & financial analysis through staff members for the following mortgage lending & service divisions: (Consumer, Wholesale, Correspondent, Sub Prime, Warehouse Lending, Title Services, & Loan Servicing). FVP over Loan Servicing Finance (15 people) prior to the last position.
--Funding Analysis using LTV, FICO, & ALB
--Mortgage market share analysis to determine penetration opportunity, by
state, by production division
--Developed Correspondent Lending Financial Analysis for the Business Case to move Operations to Florida
--Successful completion of the 2005 Loan Servicing budget
RH BALLARD REHABILITATION HOSPITAL
San Bernardino, CA 2004
CHIEF FINANCIAL OFFICER OF A 70 BED REHABILITATION HOSPITAL
Led Finance & Accounting, MIS, Bus. Office Mgr, AP, Billing, & Procurement
--Outpatient product profitability analysis. Joint Venture analysis to determine feasibility, and for contract negotiation purposes.
HEALTH NET, INC. Woodland Hills, CA 1998 – 2003
MANAGED HEALTH NETWORK, INC. ($225M subsidiary with 750 employees) San Rafael, CA
VICE PRESIDENT, FINANCE
Served as the interim CFO. Worked collaboratively with MHN executive team. Direct reports included 1 VP of Acutary, 5 Finance Directors, and 1 Manager. Span of control was 55.
--Provided financial leadership and oversight for a division business transformation project, which ultimately presented a method to significantly improve pre-tax income in our 3-year plan. Developed financial analysis for the business case.
--Completed the financial part of 3-year plan, and was in charge of consolidating the total plan
CORPORATE BUSINESS PLANNING AND FINANCE Woodland Hills, CA
VICE PRESIDENT, FINANCIAL & OPERATIONAL SERVICES DIVISION (INCLUDED INFO TECH.)
Directed the division’s forecasting and planning process ($700 million operating expense budget), which included 7 centralized functions, while continue to lead the corporate wide capital planning and analysis area ($114M capital budget). Position required extensive collaboration with subsidiary executives and with
functional executives. Selected responsibilities include lease vs. buy, contract review, benchmarking, cost allocations, ad hoc analyses, IT contract negotiation, and process improvement. Span of control was 10.
--Responsible for helping create the Financial and Operation Services division by centralizing the financial reporting. Financial & Operational Services Division included Information Technology (1,000 FTE), Health Plan Operations, Organizational Effectiveness, Corporate Admin. Corporate Finance, and Western Region Health Plan SG&A
VP OF FINANCE , IT DIVISION AND CORP. WIDE CAPITAL PLANNING AND ANALYSIS
DIR OF FINANCE, IT DIVISION AND CORP. WIDE CAPITAL PLANNING AND ANALYSIS
--Responsible for building the Information Technology Division into a single reporting unit by centralizing cost centers from 8 legal entities to form one IT division under Corporate. (1000 FTE)
--Member of the Information Technology/ BTIS leadership team supporting the division president
FINANCE MGR, CORPORATE IT AND CORPORATE WIDE CAPITAL PLANNING AND ANALYSIS
--Defined, developed, and implemented a new approval process that reduced capital spending by $96M in 1999, resulting in a documented increase of $0.05 EPS in year 1. Sustained capital spending levels through 2002
--Developed a sophisticated financial model used company-wide to evaluate capital expenditures, implemented a tracking and reporting system, and front and back-end controls (SAP)
--Led and coordinated the Facilities and IT Capital Advisory Committees quarterly/annual planning meetings, which served as the communication vehicle for the executive capital planning committee
--Guided Finance and IT business leaders in preparing business cases to develop NPV, IRR, and sound assumptions to ensure successful presentation to the corporate CFO and executive committee
WASHINGTON MUTUAL BANK (GREAT WESTERN BANK) Chatsworth, CA 1996 – 1998
RETAIL FINANCE
ASSISTANT VICE PRESIDENT
Provided senior management with understanding of their financial results and prepared meaningful reporting.
--Direct mail campaign Profitability Analysis resulting in projected annual revenue increase of $3 million
Financial impact Analysis of discounted or waived Small Business Lending orig. fees, and lower annual fees
--Home Savings for 5-months in 1998, which announced plans to be acquired by WAMU 2 weeks later
FIRST INTERSTATE BANCORP 1985 – 1996
CORPORATE BUSINESS PLANNING - AVP Scottsdale, AZ
--Defined, developed, and implemented an unprecedented corporate project expenditure review and approval process. Coordinated the corporate-wide capital expenditure budget process
SOUTHWEST REGION FINANCE - BANK OFFICER , Phoenix, AZ
--Analyzed business cases for economic feasibility. Audited business cases, post approval and implementation Developed a branch consolidation model used in making prudent decisions for evaluating potential closures
SOUTHWEST REGION OPERATIONS - OPERATIONS MANAGER/BANK OFFICER Tempe, AZ
--Managed production and quality standards for 165 staff members, through seven subordinate supervisors. Managed Utah and Nevada check processing consolidation into Arizona regional site. Check Processing Supervisor levels I-III
EDUCATION
MS, Technology Management, Pepperdine University, The George L Graziadio School of Business and Mgt.
MBA, Concentration in Finance, University of Phoenix, Phoenix, AZ
BS, Business Administration, University of Phoenix, Phoenix, AZ
AGS, Business & Finance Emphasis, Mesa Community College, Mesa, AZ |
