Michael B Rice

Michael B Rice Email and Phone Number

Vice President - Finance
Michael B Rice's Location
Colleyville, Texas, United States, United States
Michael B Rice's Contact Details

Michael B Rice personal email

n/a
About Michael B Rice

Highly effective, strategically and operationally focused, results oriented financial optimization executive, with outstanding record of achievement in multiple industries. Areas of expertise include: • Creating significant shareholder and key stakeholder value in dynamic fast-paced environments • Translating strategic vision into business plans, operational plans and optimal performance• Successfully building, developing and leading high performance teams through significant changeSpecialties: • Corporate Performance Management• Strategic Planning & Business Development• Financial Planning & Business Analysis• Executive, Operational & Financial Reporting• Evaluating & Launching New Business Ventures• Managing Large Scale Enterprise-wide Initiatives• Mergers, Acquisitions, Consolidations & Divestitures• Business Process Re-engineering & Off-shoring• Financial Systems Implementation & Management• Strengthening Internal Control Environments

Michael B Rice's Current Company Details

Vice President - Finance
Michael B Rice Work Experience Details
  • Tenet Healthcare
    Vice President - Enterprise Financial Planning & Analysis
    Tenet Healthcare 2010 - Dec 2022
    Dallas/Fort Worth Area
    Created business value and improved strategic decision making by directing successful implementation of Oracle Hyperion Strategic Finance financial modeling application in order to improve the full financial evaluation and assessment of alternative corporate strategies across a 5 year business planning horizonLead development of a Financial Management Organization to strengthen the program governance, oversight, and execution success of a strategic $620 million multi-year Clinical IT implementation investment and meaningful use adoption initiativeCreated a vision and successfully executed a plan that developed and implemented a more streamlined, consistent and accurate company-wide budgeting, forecasting, long-range planning, and business analysis processRe-engineered the Monthly Operations Reviews conducted with Executive Management to increase visibility to growth and profitability business drivers and to identify opportunities to improve operating performancePartnered with executive management to develop and refine earnings expansion strategies to drive business plan EBITDA growth, refinance significant near-term debt maturities, and negotiate a bank facility revolver that enhances balance sheet flexibilityAchieved compounded annual revenue growth of more than 10% and improved EBITDA Margins by successfully completing and integrating several strategic acquisitions and divestitures
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  • Mcafee
    Vice President - Ww Financial Planning, Analysis & Performance Management
    Mcafee 2004 - 2010
    Dallas/Fort Worth Area
    Directed development, standardization and integration of global strategic planning, business planning, budgeting, forecasting, business analysis, decision support, managerial reporting and performance optimization processes across all functions, geographies, business units and customer segmentsProvided financial management expertise, leadership continuity and transitional support to three different; CEO’s, CFO’s, COO’s, CIO’s and EVP’s of WW Sales while improving shareholder value by $3.5BMaximized corporate performance by linking all financial targets and operational plans with corporate goals, continuously improving the availability of actionable business intelligence and decision support informationRecommended and directed the implementation of proactive and corrective action to achieve desired results, grew revenues at 16% compounded annual growth rate and grew operating income at 32% compounded annual growth rateEstablished Monthly Financial Forecast Review and Monthly Operations Review processes with the Executive Management Team providing significantly enhanced visibility to key performance indicatorsDirected design, development and implementation of an integrated Hyperion Planning & Reporting Platform, improved productivity, cycle time, what-if modeling capabilities, and accessibility to critical financial information by removing disparate data from multiple spreadsheet sourcesCompleted and integrated twelve small to mid-size technology acquisitions to enhance our product portfolio Directed re-engineering of SAP environment and corresponding business processes that automated 91% of $162M in manual revenue recognition and strengthened internal control environments Implemented SAP Business Warehouse capabilities and directed creation and development of an India based operation support team that improved efficiency of our enterprise reporting and analysis capabilities
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  • Excel Telecommunications
    Vice President - Financial Management
    Excel Telecommunications 2000 - 2003
    Dallas/Fort Worth Area
    Achieved 54% annual revenue growth across all international business unitsSuccessfully integrated, streamlined and automated all Global Commission Operations business processes (500K transactions annually representing $120M in expense)Generated $10.5M in EBITDA by implementing enterprise wide revenue assurance programsImplemented an Oracle 11i Enterprise Resource Planning (ERP) platform that created $8.9M in annual operational and organizational synergies and facilitated the rapid integration of the Strategic Planning, Finance, Accounting, Purchasing and Human Resource organizations of the newly merged companiesImproved sales organization productivity 29% by directing the design, development and implementation of an integrated system that provided the sales force with a web based tool to manage their opportunitiesIdentified and implemented cost reduction strategies by re-engineering business processes, created operational synergies by automating and streamlining global back office commission operations processesDeveloped and implemented strategic sales and marketing plans that strengthened sales representative recruiting 21%, increased customer gathering 12%, and lowered customer acquisition expense 16% Led all due diligence and M&A integration efforts associated with two acquisitionsDeveloped Corporate Policies that strengthened internal controls
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  • Verizon
    Director - Financial Planning & Analysis
    Verizon 1989 - 2000
    Dallas/Fort Worth Area
    Standardized and integrated the financial planning, business analysis, and executive managerial reporting processes across all strategic business units and consistently delivered 13% to 15% annual EPS growthImproved timeliness and availability of monthly performance analysis by leveraging technology and reengineering business processes including development a corporate-wide KPI databaseDeveloped a Monthly Operations Review for the Office of the Chairman and a Quarterly Business Unit Performance Assessment Briefing Package for presentation to BOD and discussions with external analysts Directed competitive analysis and external benchmarking efforts
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  • Gte
    Director - Business Development & Analysis
    Gte 1989 - 2000
    Dallas/Fort Worth Area
    Directed all Strategic Planning, Business Development, Financial Planning, Analysis and Reporting for Long Distance Business Unit ($600M in annual revenue) Developed and implemented, marketing programs, distribution channels, and customer segmentation strategies that significantly improved financial and operational performance of Long Distance Business UnitGenerated 68% revenue growth, grew customer base 49%, reduced customer churn 22%, increased revenue per customer 13%, lowered customer acquisition expense 14%Developed and implemented a standardized marketing evaluation and assessment model that improved the effectiveness and efficiency of new product roll-outs
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  • Gte
    Controller / Financial Operations
    Gte 1989 - 2000
    Dallas/Fort Worth Area
    Developed a comprehensive business plan to launch a new Competitive Local Exchange Carrier (CLEC) sales and marketing business modelObtained required funding and coordinated all financial, legal, regulatory and procurement activitiesDeveloped, established and implemented all Financial Policies, Accounting Practices and Internal Controls Developed, implemented and administered a national Sales Incentive Compensation Plan to ensure sales targets were consistent with strategic objectivesManaged a $6.7B operating expense budget for domestic telephone operations Implemented demand based planning capabilities while participating on SAP implementation teamDesigned, developed and implemented an Access database system that improved the effectiveness and efficiency of managing a $12.6B revenue performance objective for domestic telephone operations
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  • Citigroup
    Assistant Audit Manager
    Citigroup 1988 - 1989
    Tampa/St. Petersburg, Florida Area
    Managed planning and administration of financial, operational, and information system audits and continuous process improvement reviews to improve internal controls and ensure efficiency of operations
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  • Suntrust Bank
    Senior Auditor
    Suntrust Bank 1986 - 1987
    Tampa/St. Petersburg, Florida Area
    View

Michael B Rice Skills

Forecasting Strategy Financial Analysis Mergers And Acquisitions Process Improvement Management Financial Modeling Executive Management Strategic Planning Business Analysis Analysis Managerial Finance Finance Business Planning Mergers Budgets Financial Reporting Business Intelligence Business Process Improvement Internal Controls Strategic Financial Planning Program Management Leadership Budgeting Competitive Analysis Financial Planning Sarbanes Oxley Act Erp Auditing Acquisition Integration Change Management Hyperion Essbase Hyperion Enterprise Project Planning Enterprise Resource Planning Financial Management Planning Capital Budgeting Process Engineering Corporate Management P&l Management Investor Relations Team Building

Michael B Rice Education Details

Frequently Asked Questions about Michael B Rice

What is Michael B Rice's role at the current company?

Michael B Rice's current role is Vice President - Finance.

What is Michael B Rice's email address?

Michael B Rice's email address is mi****@****lth.com

What is Michael B Rice's direct phone number?

Michael B Rice's direct phone number is +146989*****

What schools did Michael B Rice attend?

Michael B Rice attended University Of South Florida.

What skills is Michael B Rice known for?

Michael B Rice has skills like Forecasting, Strategy, Financial Analysis, Mergers And Acquisitions, Process Improvement, Management, Financial Modeling, Executive Management, Strategic Planning, Business Analysis, Analysis, Managerial Finance.

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