Executive Vice President And Chief Financial Officer
Preferred Health Management
Oversaw administrative functions, including accounting, HR, IT, facilities, and risk management. Maintained operations budget of approximately $3M. Analyzed internal processes and lead team that executed effective solutions, including conversion of enterprise-wide information system to Windows-based fault-tolerant system. Developed new financial reporting procedures, enhancing accuracy and relevance of financial information. Directed preparation of federal and state tax returns. Supervised 6 direct reports, including 1 VP, 2 directors, and 3 managers.• Increased net earnings by more than $4M without tax liability through negotiation of new $6.5M recapitalization.• Ensured continued operation of company following negotiation and sale of company’s largest division, generating significant cash flow to pay down debt.• Improved cash flow through renegotiation of existing $25M credit facility, improving covenant compliance and reducing interest costs 33%.