Finance, Investment, Strategy & Operations Executive
Chattanooga, Tn, Us
I joined Provident Life & Accident Insurance Company for what was supposed to be a 2-year job supporting a turnaround. It turned out to be 15 years working with highly respected executives, lawyers and bankers, and contributing to one of the major Fortune 500 turnaround-to-growth stories of the time.My part was to manage corporate development, strategic planning, financial planning and analysis, treasury, investments, product pricing/underwriting, and broad aspects of enterprise risk management, in increasing roles as the company grew through acquisitions and as my experience grew.I helped complete the turnaround of a family-controlled, publicly-traded company that was caught the wrong way in the early 1990's recession, closed two double-the-company mergers with other distressed businesses; deal with losses, activist investors, a whistleblower, regulatory reviews and a strategy reset after the early 2000's recession; and navigate our way successfully through the Global Financial Crisis in 2008-2009. During this time, I personally contributed in these ways:* As Chief Investment Officer during the Crisis, maintained investor confidence in Unum’s financial strength and flexibility* As CIO and Sr VP-Capital Management, helped Unum lean into the Crisis, borrowing to invest at the 2 deepest points, adding 5 cents-per-share annually for 20 years. Led evaluations of TARP financing and competitor acquisitions. Issued first insurance-linked securities backed by disability insurance reserves. Managed our response to investment by an activist fund* As VP-Corporate Development & Strategy, guided development of new growth strategy for the company* As VP-Underwriting, implemented new pricing strategies for core insurance products* In various roles, led merger integrations with UNUM Corp. and Paul Revere Corp., divested non-core or distressed assets, and closed 20+ financing and M&A transactions worth more than $7 billion