Financial and operating executive experienced in insurance, manufacturing, construction and food service industries in senior leadership. Worked as CFO for private, public and private equity owned Companies from $30 million to $1.3 billion. Goal - Financial role in dynamic organization. |
U. S. & GLOBAL FINANCE AND OPERATIONS MANAGEMENT LEADER
Acquisitions • Strategic Analysis and Planning • International Experience Financial Team Leadership • Strategic Alliances • SEC Reporting Issues • Turnarounds • Private, Public and Private Equity Ownership • Reengineering
• Recognized as an insightful business leader and advisor – grew operating margins by millions of dollars annually in multiple positions and industries. • Leader of change in manufacturing and professional services industries. Led the planning and implementation of process improvement and product development.
PROFESSIONAL HISTORY
WNC Insurance Services, Inc. - Chicago, IL and South Pasadena, CA 2004 to 2011
Managing General Underwriter for Various Excess and Surplus Carriers. Company manages over $150 million in premium.
Executive Vice President and Chief Financial Officer
• Led the integrated process of marketing and positioning Company for successful sale of private equity ownership. • Provided strategic input and direction to marketing and management teams to grow premium by over 50% with new products, markets and clients. • Drove an increase in operating earnings of over 70% by increase in revenue and reduction in costs for the operations working with management teams. • Led the due diligence review and supported the negotiations of the purchase and financing of the business for the private equity ownership. Coordinated the placement of the $50 million in bank and subordinated debt for purchase and acquisition facilities.
Entegra Holdings, Chicago, IL 2002 to 2004
Start up venture to acquire insurance brokerage business. Obtained $50 million private equity commitment for funding from large Midwest based Private Equity Firm. This was used to acquire WNC Insurance Services, Inc.
Aon Risk Services Companies, Inc - Chicago, IL 1997 to 2002
The $1.3 billion Americas retail insurance brokerage subsidiary of the publicly held $8 billion Aon Corporation
Chief Financial Officer
• Oversaw the planning and consolidation of the retail insurance brokerage operations in the U. S. increasing the margin close to 3 fold and increase operating income by over $75 million. • Led the consolidation of finance functions in the US from 40 locations to one service group and four region groups. Generated savings of over $4 million annually and improved reporting consistency. • Provided the framework for analysis for the performance of the operations of 8.000 employees in over 15 countries with over 300 in Finance organization. • Had oversight for the development and implementation of a financial accounting system (PeopleSoft), a brokerage system and revenue management system. Project budgets were in excess of $50 million. • Led the financial and operational review along with the negotiation of over 30 acquisition targets for the company on a global basis. Worked with operational management and target companies on the consolidation plans for acquisitions. • Assisted in the planning and execution of employee reengineering plans and SEC special reporting in 1999, 2000 and 2001.
Transco Inc. - Chicago, IL 1983 to 1997
A $50 million privately held manufacturer and constructor of insulation for electric generating plants, manufacturer of railroad freight car part and repair and modification of railroad freight cars.
President and Chief Operating Officer
• Managed and led the operations of the company along with P&L oversight and strategic planning responsibilities. • Developed and implemented the sales plan for the direct sales efforts in the domestic and international markets which lead to a ten year high backlog. Sales were made to government agencies and private companies. Managed client relationships in Korea, Japan, Taiwan, England, Spain and Germany. • From 1985 to 1989 served as chief financial officer of the company responsible for all financial reporting, audit, banking and insurance relationships.
Other Experience
Levy Organization - Chicago, IL 1982 to 1983 Vice President Finance
Coopers & Lybrand - Chicago, IL 1980 to 1982 Consultant
EDUCATION University of Pennsylvania, The Wharton School, Philadelphia, PA Masters of Business Administration, Finance
University of Pennsylvania, The Wharton School, Philadelphia, PA Bachelors of Science, Accounting and Management, Magna cum Laude, in Economics
Accreditation Certified Public Accountant – Illinois |