J. Michael Bray, CPA, MBA

**** ******** *****, **********, ** 75081 972-***-**** Cell

abhwqq@r.postjobfree.com

CAREER SUMMARY

Results driven finance executive with 15 years of experience in health care and logistics directing

accounting, technology, acquisition integrations, and system implementations.

PROFESSIONAL EXPERIENCE

Senior Care Centers (Managed $750M Long-Term/Skilled Nursing Co in Dallas, TX)

Senior Care Centers is a privately owned health care company providing rehab, and skilled

nursing services in TX.

Controller Apr 2013-May 2014

Duties

Direct all accounting functions (AP, Payroll, Fixed Assets, General Ledger, Budgeting and

forecasting, CapEx, treasury/cash management, cost reporting, internal and external financial

reporting)

Results

● Guided accounting department through over 150% growth in company in a six month period;

ten acquisitions, 40 new management contracts, three start-ups, and 11 divestitures. Member of

executive management team that created the largest skilled nursing provider in the state of

Texas through acquisition and management contracts.

● Reduced annual turnover of staff from over 200% to less than 10% by reinventing the

accounting department using leadership, team building, training, standardized interviewing,

improved accounting procedures.

● Drastically improved the external auditor’s letter to the audit committee by elimination of

internal control deficiencies in a six month period.

● Implemented process change to improve quality with one level up reviews, improved balance

sheet reconciliation processes and created efficiencies through process improvements like

shortening the bank reconciliation process from two weeks to two days through bank

integrations. Improved budgeting and forecasting processes for labor expense creating

standardization of labor margin across the company.

Business Alliance Group, Amflow International, Enviro-Friendly Distributors

(Nashville, TN)

Start-up accounting/insurance firm and holding company specializing in business brokerage / key

man insurance. Holding company owns the distributorship of health care related chemicals and

service company that provides long lasting anti-microbial protection.

Partner, CFO Nov 2011-Current

● Created accounting firm and insurance company that helps value small businesses manage the

acquisition and disposition process.

● Ground up creation of three companies that developed an anti-microbial process that lasts up to

90 days. Currently in the licensing and patenting process.

● Own regional distributorship of process used by over half of the National Hockey League to

sanitize locker rooms and hockey equipment

● Own distributorship of long lasting anti-microbial products

Vanguard Healthcare ($125M Long-Term / Skilled Nursing Co. in Brentwood, TN)

Vanguard is a privately owned health care company providing rehab, skilled nursing and

institutional pharmacy services in MS, TN and WV.

Vice President of Finance Mar 2011 – April 2012

Controller Jul 2008 – Mar 2011

Duties

Direct all accounting and finance functions (AR, AP, payroll, fixed assets, general ledger,

budgeting, CapEx, treasury/cash management, tax, internal and external financial reporting)

Direct financial activities associated with debt covenants and insurance renewal with insurance

brokers for property, auto and BI. Initiate draws and funding activities for self-insured Workers

Comp and GL/PL Captive. Assist in developing and implementing acquisition strategies.

Results

● Converted accounting system to Microsoft Dynamics and automated financial report process

with FRx Report Writer. Standardized the chart of accounts across divisions and absorbed the

accounting functions of the institutional pharmacy division with Home Office staff. The

centralization of systems reduced EOM close cycle from 25 days to 10 days, resulting in annual

cost savings in excess of $250,000 and reduced general ledger head count by 70%.

● Implemented paperless accounts payable and ADP payroll system, removing facility

administration resulting in annual cost savings of $475,000 an 82% reduction in facility

accounts payable/payroll head count.

● Began the implementation of an integrated electronic charting system and billing software

(testing scheduled for Jan 2012). Centralizing billing functions at Home Office will improve

billing accuracy and will reduce 2012 costs $650,000 with a 47% reduction in accounts

receivable head count.

● Refinanced $60M of debt with, GE Capital simplifying covenant monitoring and creating

excess borrowing capacity to fund future acquisitions. Oversaw collection of due diligence data

for GE, initial auditing of financials by GE, and reviewed credit agreement and other

documents.

● Acquired over $30M of assets with four properties and two operating companies using equity

infused from Japanese Limited Liability Partners. Responsible for integrating acquisitions with

Vanguard financials processes.

LTS Logistics / Logisco ($75M logistics Co in Brentwood, TN)

www.ltslogistics.com / www.teamlogisco.com

LTS Logistics was a multi-site warehousing, transportation, brokerage and light manufacturing

company operating twenty locations in ten states and Canada. LTS / Logisco was a rollup venture

funded and sold by Harvest Partners – a New York based Equity Partner.

Interim CFO Feb 2008 – July 2009

Controller & Director of Information Systems Jul 2003 – Jan 2008

Controller Oct 2002 – Jun 2003

Assistant Controller Jan 2001 – Sep 2002

Duties

Directed accounting/financial activities (AR, AP, Payroll, Fixed Assets, GL, Treasury, Budgeting,

CapEx, tax, risk management, insurance, internal and external reporting). Provided financial

impact analysis and projections of daily operational matters to the CEO and Equity Partners.

Assisted in developing and implementing divesture strategy. Coordinated internal activities related

to financial and bank audits. Directed information technology functions including support, mail

exchange, Citrix, SQL, Pitney Bowes and AS400 server administration functions,

budgeting/planning, purchasing, network design, and telecommunications systems.

Results

● Integrated financial / accounting processes into a single process using Microsoft

Dynamics/Great Plains with FRx Report Writer, implemented time and attendance system, and

automated the cash management processes. The centralization of systems resulted in annual

cost savings in excess of $500,000 and reduced facility administrative head count by 50%.

● Converted multiple systems to a single AS400 based warehouse management system.

Redesigned network and telecommunication systems, centralized server farms, standardized

operating platforms, hardware and software resulting in annual cost savings of $300,000 a 38%

reduction.

Beverly Enterprises ($2.5B LTC / Rehab / Hospice / Pharmacy Co. in Fort Smith, AR)

Before going private as Golden Living, Beverly was the largest Long-term care provider in the

US with over 900 locations and 100,000 employees.

Executive Finance, Budget Supervisor Jun 1999–Jan

2001

Executive Finance, Budget System Administrator Jun 1997–May 1999

Risk Management, Analyst Aug 1995–May 1997

Duties

Our team directed budgeting, forecast analysis, budget system maintenance, and budget system

training for the largest Long-term health care company in the country. Guided 40 Regional Vice

Presidents, Corporate Financial Officers and Subsidiary CFOs through the annual budgeting

process. Performed analysis and special projects for Senior Executives.

Results

● Headed team responsible for the design and the successful rewrite of COBOL budget system

integrating multiple systems – payroll, general ledger, and financial reporting to improve the pre-

loaded budget shortening the budget cycle by more than 20% while improving budget accuracy.

● Responsible for the conception, and implementation of a data warehouse, storing information on

over 1,000 Beverly locations automating the collection of information maintained separately by

each department and became the consolidated source for commonly used information.

EDUCATION

Master of Business Administration - Logistics, Walton School of Business, University of

Arkansas-Fayetteville GPA: 3.7

Bachelor of Science in Business Administration – International business, Arkansas State

University

Accounting / Spanish, University of Arkansas

Contact this candidate