Michael Webster Email & Phone Number

Knoxville, Tennessee, United States

7828 Rutledge Blvd., Knoxville, Tennessee 37924

Oak Ridge, Tennessee

 Responsible for financial reporting, payroll, cash management, human resources, information technology, contracts administration, and recruiting.  Ensured the integrity of all accounting systems, managed cash flow, and ensured that financial reports were accurate and timely. Prepared and presented quarterly financial, forecasting, and risk management reports to the Board of Directors and Corporate Executives to facilitate strategic corporate decisions.  Advised the CEO and President regarding accounting, treasury, human resources, information technology, procurement, and insurance risk activities impact on the overall corporate direction. Ensured that effective internal controls were in place to assure compliance with GAAP and applicable federal, state, and local regulatory laws.  Responsible for facilitation of annual budgeting and business planning cycle, providing advice about the potential performance of the business and the choices required to deliver the desired performance. Drove significant cost control and savings by negotiating minimal or no increases for health and professional risk insurance over five consecutive years. Controlled total benefits cost increases to less than 15% during a ten year period at a time when the industry costs were often reaching 10% or more annually. Implemented policies and procedures to attainment of a positive cash position from a historical corporate banking position of operating on a line of credit. Managed financial and capital development of the first private corporate headquarters on any national laboratory site, specifically the Oak Ridge National Laboratory in Oak Ridge, Tennessee.  Worked with federal, state, and local authorities to secure more than $1M in cost concessions and tax incentives for the companies’ corporate office relocation. Decreased tax burden averaging credits of more than $250K yearly through the utilization of research and development tax credits.  

Oak Ridge, Tennessee

 Oversaw strategic planning, including financial reporting, budgeting, forecasting, human resource management, and treasury functions. Aligned all financial activities with the corporate and strategic goals and initiative for a minority owned government contractor. Advised the CEO and Board of Managers regarding business planning and financial performance.  Led the company to achievement of the Tennessee Quality Award presented to only 14 companies in the state in 2002.  Managed federal contracts and subcontracts compliance. Directed diverse human resources functions, such as hiring, disciplinary actions, corporate policy development, and compliance. Assured strict compliance with all regulatory agencies, which included IRS, EEOC, DOL, and DCAA. Directed other business divisions, such as benefits administration, information systems, human resources, and managed legal issues. Demonstrated negotiation skills in decreasing costs for the corporate office lease and health and benefits costs.

Franklin, Tennessee

 Responsible for leadership of a ten person financial services accounting staff, implementing policies and control procedures to protect the assets of the organization and ensure integrity of all financial information. Ensured the timely and accurate reporting of financial statements and management reports for an organization with $60M in total revenue consolidating 10 companies. Efficiently managed cash flow, accounts receivable, accounts payable, and internal controls. Created budgets for 12 companies with $125K in revenue while evaluating project proposals and how each companies’ budget aligned with corporate strategic goals. Managed the audit process, response to audits and other reviews by outside auditors. Created executive management daily and weekly dashboard reports to facilitate timely management of performance plans. Supported executive management in presentation planning for Board of Director meetings

Directed financial activities for Western Region of physician management company with $10M net revenuePrepared budgets and financial statements for 6 physician practice groups with a total of 25 physicians Designed management reports to assist operations and sales managers in financial variance and revenue projections

Responsible for fixed asset control/analysis in a hospital management organization with 50 business unitsPreparation of corporate statistical data for financial reporting and S.E.C. filingsResponsible for General Ledger account entries and analysis

Responsible for financial and compliance audits of federal political campaigns, political action committees and state political partiesReviewed and prepared government compliance reportsExtensive communication with Congressional oversight committees, audit committees, and legal counsel

M.B.A, Business Administration And Advanced Certification In Accounting

Master's in Business Administration (MBA)

B.S, Marketing

Bachelors of Science (BS) - Marketing