Bill B. Email & Phone Number

Rosemont, Il

Provide concise and clear financial and investing information to the CEO and Board of Directors for 501(c)3 and 501(c)6 organizations.Oversee payroll, banking, benefits, and all other aspects of Finance.Developed investment and reserve policies for Reserve accountsCreated endowment documentation to comply with UPMIFAManage relationships with Investment firm, insurance brokers, multiple banks, payroll and 401k manager.Manage risk through insurance, contracts, investing and privacy (GDPR) worldwide.Coordinate, prepare, and update budgets and forecasts.Created RFP and implemented General Ledger system.Streamlined processes to create efficiencies as well as reduce costs.Work with board of directors to create multiple scenarios to help react to and anticipate significant changes to income streams.

• Provide focused customer service and maintain a high level of interaction with all levels of staff & the Board of Directors.• Prepare quarterly financial board presentations for the CFO.• Analyze & report monthly variances of actual results to budget, prior year and forecast on a monthly basis for the organization. Prepare synopsis of significant drivers and potential impact on quarterly and year end results for delivery to Executive Staff and the Board of Directors. • Perform monthly analysis & reports on the Capital Budget, Contributions, Cash & Investments.• Manage, prepare, lead and organize the annual budget and forecast process.• Created and manage a monthly dashboard which utilizes financial and non-financial data to create an overall status of the organization.• Research new technologies for Finance. Managed the implementation of an electronic report distribution system, as well as a budget & forecasting system, resulting in a savings of over 500 staff hours per year. • Manage the organization’s insurance and risk management programs.• Manage the organization’s $50 million reserve fund. Recently changed investment advisors resulting in a clearer investment policy and an annual fee savings exceeding $300,000.• Responsible for the review of contracts prior to their execution.• Implemented training program to help non-financial personnel understand financial reports, budgeting & forecasting. Trainings were delivered to staff, Executives and members of our organization (Doctors).• Work with staff to create, enhance and streamline reports to improve the transfer of information to and from Finance. • Created a group pricing model in an effort to incentivize a large influx of members while not compromising the organization’s existing membership base revenues.• Supervise & develop staff.

• Analyzed the financial impact of changes to policy as they impacted sales. Presented results to senior management.• Performed detailed analysis on profitability of products by risk class of customer. Presented findings to the executive level.• Lead a policy change project impacting numerous systems and thousands of employees.• Performed variance analysis on budget vs. actual product revenues and bad debt forecasts.• Created models to forecast bad debt as risk levels and sales forecasts varied at product levels.• Determined workloads and looked for headcount cost savings by analyzing varying sales levels. In addition, evaluated the time savings by increasing risk levels. • Compiled and presented customer churn rates as a function of profitability as well as performed retrospective time studies on product bundling to senior management to support policy decisions. These changes reduced bad debt by 40% while allowing sales to more profitable customers.• Coordinated with regional fraud teams and credit bureaus to identify groups of high risk customers and develop methods of minimizing the impact of their risk to the company.

• Performed financial analysis and reporting for emerging business units. Performed variance analysis on product costs actual vs. budget, forecasting and forecasted net income for three year plan based on sales estimates. • Performed financial analysis and scoring for the initial granting and regular review of credit lines as well as performed regular risk analyses of countries to which Stepan exports. • Managed global receivable portfolio of $50 million, and performed credit oversight for Brazilian, Canadian, Colombian, and Mexican subsidiaries. • Reported to management on DSO, bad debt, working capital costs, accounts receivable changes, and the performance of key, individual customers.

Managed a receivable portfolio for Canadian, Latin American and domestic distributors and was responsible for granting and reviewing lines of credit as well as collection of past due balances and reporting to management on DSO and bad debt.

Responsible for opening and maintaining customer accounts. Balanced general ledger accounts, maintained daily cash balances within the branch, and was responsible for the resolution of customer service problems that arose in the branch.

Mba, Finance

Bs, International Relations