An accomplished financial management leader with a successful record of improving value, earnings and business operational effectiveness. Demonstrated ability to communicate and implement policy and process across functional lines and different levels of the entity. Strong analytical skills combined with collaborative team building skills achieving growth in profit and enterprise value. Goal driven, energetic, people oriented executive with high intensity level and results oriented attitude driving creative solutions on time and on budget.
Newks Holding Company, LLC, Jackson, MS (a Sentinel Capital Partners portfolio entity)
Chief Financial Officer June 2011 to present
" Built and enhanced cross-functional relationships to build enterprise value by focusing on controllable costs and achieving efficiencies
" Led due diligence process to sell controlling interest to private equity firm for 15.4 times EBITDA
" Selected Accounting software to bring accounting functions in house while building high performing accounting team
" Selected Human Resource/Payroll software to bring HR and payroll in house while building an HR team.
" Developed and implemented a strong benefit program (insurance, 401K, etc&) to benefit all salary and hourly variable employees.
" Led initiatives to utilize technology to leverage information, while building IT team to achieve goals and share data across the organization
" Advised franchise partners on various business issues including internal controls and organizational structuring
" Led initiative to acquire controlling interest of a franchise operation and integrate into the organization
Independent Business Consultant Feb 2010 to June 2011
" Recruited by premier health care system to assist with financial turnaround project including planning, recommendations, analysis and support as well as budget process
" Retained to develop strategic operating plan for privately held manufacturing facility to determine Cap Ex requirements, facilitate management initiatives and capital structure for future expansion
" Retained to develop financial modeling (pricing, usage, equity, strategy) for startup technology firm with first to market application
YTB International, Inc. (YTBLA.OB), Wood River, IL 2003 to Feb 2010
Chief Financial Officer
" Responsible for compliance with SEC reporting requirements for parent company and 8 subsidiaries. Reporting initiatives and filings resulted in no major deficiencies found by SEC staff review of filings.
" Recruited and developed a cohesive team of professionals with overall responsibility for Sarbanes Oxley compliance, including testing, documentation and audit of internal controls. Testing and independent audits of controls implemented resulted in no material weaknesses in internal controls.
" Initiated efforts to reduce operating costs to yield annual savings of $8 million representing a 6% reduction in sustainable savings.
" Managed financial and administrative growth of the organization over a 4 year period where revenues increased over 8,000 % from $2 million to in excess of $162 million (as reported in SEC filings).
" Implemented SAP Enterprise Reporting Platform (under budget and on time)
Providence Financial Services, Ltd. 2001 to 2003
Self Employed Consultant
" Served as interim CFO for Skilled Nursing Facility and large retirement village
o Provided counsel to senior management team
o Provided measures and advice to reduce operating losses and cash flow deficits, returning organization to profitability and financial strength.
o Led feasibility study concerning viability of new construction plans
" Counseled and educated individuals and families on investment opportunities and strategies.
o Taught classes for organizations and private groups.
Ascension Health, St. Louis, MO 1998 to 2001
(formerly Daughters of Charity National Health System)
Director - Operational and Financial Support
" Division CFO for the New York healthcare facilities, providing management advice and acting as liaison between the corporate office and senior management at the local level.
" Designed benchmarking metrics for hospitals within area of responsibility to monitor and measure performance of key indicators.
" Led efforts to achieve reductions in Accounts Receivables to improve cash flows.
Saint Anthonys Health Center, Alton, IL 1996 to 1998
Director Physician Services
" Consolidated billing and collection efforts from 20 offices into one location, achieving faster collection of receivables and increased staffing efficiencies.
" Negotiated purchase and disposition of physician practices.
" As liaison between physician groups and hospital management, garnered the respect of both constituencies and improved communications and productivity.
Sisters of Mercy Health System, Inc., St. Louis, MO 1987 to 1996
" Initiated and renegotiated Standby Letter of Credit, allowing funds to be released, earning over $7 million of additional investment income.
" Responsible for investment policies and directives of $650 million investment portfolio.
" Led feasibility studies for numerous acquisitions and divestiture initiatives.
" Strategic planning/financial reporting/budgeting/forecasting/capital analysis
Arthur Andersen & Co. St. Louis, MO 1983 to1987
Senior Audit Professional
B.S. (Accounting) Southern Illinois University Edwardsville, IL
Some graduate studies completed