CHIEF FINANCIAL OFFICER
Results-driven finance executive with a proven track record of 25+ years of experience contributing to the advanced performance, growth and profitability of diverse organizations. Leverage a breadth and depth of financial management expertise in the insurance, financial services, telecommunications and electric utility industries. Devise and implement strategic business plans that align all aspects of financial operations with corporate goals and objectives. Enhance organizational efficiency by developing internal controls and implementing process improvements that protect company assets, create reliable financial reporting, promote regulatory compliance and generate significant cost reductions. Skillfully lead due diligence processes to ensure the profitability of potential investments, mergers and acquisitions. Partner with C-level executives and management teams, providing the guidance and support needed to inform business critical decisions. Areas of expertise include:
Strategic Planning • Financial & Investment Management • General Management • Budgeting • Financial Reporting Internal Control • Accounting • Mergers & Acquisitions • Regulatory Compliance • Process Improvement
Startups & Turnarounds • Client Relations • Staff Management & Training • Team Leadership
PROFESSIONAL EXPERIENCE
2000-Present
National third-party administrator of health benefits with annual revenues totaling $50M.
Executive Vice President / Chief Financial Officer & Treasurer
Oversee all aspects of financial operations, including strategic planning, budgeting, pricing, mergers and acquisitions, portfolio and vendor management as well as financial and regulatory reporting. Direct the internal audit process. Collaborate with third-party auditors and financial analysts. Supervise finance and IT staff members. Serve as a strategic partner to the CEO. Report to the CEO and Board of Directors.
Financial / Operational Highlights:
• Completed 3 acquisitions totaling $34M after leading the due diligence process, negotiating contract pricing and terms in addition to facilitating integration.
• Served as a key member of the management team that succeeded in turning around an under-performing subsidiary, which culminated in its sale in 2007.
• Reduced the IT staff from 65 to 9 members through consolidation and outsourcing.
• Met and exceeded all internal and external reporting requirements.
• Issued $20M in 30-year bonds.
1998-2000
Startup company specializing in financial planning and investment management.
President
Administered the firm’s general and financial operations, including sales, accounts payable, billing, pricing, client relations and a support staff of 2 members. Managed customer portfolios to ensure compliance with applicable regulations. Led financial planning and reporting functions.
Financial / Operational Highlights:
• Built the company from ground up, completing SEC filings as well as all financing and incorporation processes.
• Established and cultivated profitable relationships with 20 clients.
• Secured $7.5M in assets under management.
1986-1998
Global provider of property and casualty insurance with annual revenues totaling $9B.
Division Financial Manager (1993-1998)
Acted as the Chief Financial Officer of a $550M Division consisting of 1.4K employees. Managed all aspects of the financial organization, including strategic planning, budgeting, pricing, billing, auditing, cost accounting, fixed asset management, financial reporting and analysis as well as a staff of 30 members. Guided and informed all business decisions. Functioned as a strategic partner to the Division CEO.
Financial / Operational Highlights:
• Collected $10M in past due receivables after resolving long-standing billing disputes with 3 major clients.
• Revamped and streamlined organization-wide budgeting, planning, credit and audit processes.
• Minimized overhead count after consolidating the billing function.
Manager, Business Analysis / Analyst (1986-1993)
Spearheaded the internal consulting group composed of 12 finance professionals. Oversaw financial planning and analysis for in-house clients from all departments and subsidiaries. Led the preparation of the Corporate Financial Forecast.
Financial / Operational Highlights:
• Improved loss estimates and slashed loss reserves by $250M after overhauling the loss reserving process in collaboration with the Actuarial and Claims departments.
• Eliminated a $50K annual expense after in-housing econometric modeling.
• Performed an activity-based costing analysis, which resulted in strategic changes to internal reporting, pricing, product development and marketing.
ADDITIONAL HISTORY
Supervisor, Staff & Financial Planning, Global Telecom Company
• Conducted financial forecasting as well as expense and budget analysis functions.
• Developed and implemented a new cost accounting system in cooperation with financial and line managers.
Engineer – Electric Utility
• Devised and implemented new training programs for nuclear power plant operators to ensure compliance with INPO and NRC guidelines and regulations.
Department Chair & Instructor – New England Boarding School
• Supervised 5 faculty members, evaluated performance, administered the department budget and developed academic curriculums.
EDUCATION
Master of Business Administration – Finance, Marketing & Statistics
University of Chicago, Chicago, Illinois
Graduate Coursework in Mathematics – Statistics, Survey Techniques & Questionnaire Design
Columbia University, New York, New York
Bachelor of Arts in Physics
Dartmouth College, Hanover, New Hampshire
PROFESSIONAL DEVELOPMENT
Chartered Financial Analyst (CFA) • Certified Financial Planner (CFP)
Chartered Financial Consultant (ChFP)
AFFILIATIONS
Financial Executives International |
