David B Welker II CPA

ady16q@r.postjobfree.com http://www.linkedin.com/in/davewelker

Fuquay Varina, NC • 919-***-****

Chief Financial Officer

Accomplished and strategic-thinking financial executive with extensive financial and operational experience providing data-driven assistance to support business objectives and improve financial performance across various industries, including insurance, technology, manufacturing/distribution, and healthcare & life science.

Proven success directing and streamlining end-to-end finance/accounting functions, including financial controllership, planning and analysis, compliance, integration, equity fundraising/acquisitions, taxation, and auditing through exemplary development and leadership of finance/accounting team. Credible history of starting new businesses from research to launch, identifying areas of improvement in existing processes, formulating robust accounting/finance policies, and developing robust business solutions to ensure accomplishment of set milestones. Excel at steering annual budget/forecast processes and leading ERP systems implementation, including Microsoft Dynamics (NAV), Business Central, Netsuite and Adaptive Insights for financial reporting including migrations to cloud. Demonstrated expertise in creating cash-flow forecasts, developing scenario-based business/financial/revenue models, and proposing key investment recommendations for enabling informed decision-making. Skilled in cost reduction, margin improvement, and expense containment.

Areas of Expertise

•Financial Planning, Analysis, & Modelling

•Budget Control & Cashflow Forecasting

•Business Transformation

•Key Investment Recommendation

•Corporate Finance Management

•Financial Modelling & Accounting

•Merger & Acquisition/Due Diligence

•Risk Assessment & Mitigation

•Policies/Procedures Improvement

•Revenue Optimization

•Team Development/Leadership

•Treasury Management

Career Experience

PIERCE GROUP BENEFITS (ASSUREDPARTNERS) – Holly Springs, NC 2022 – Present

Chief Financial Officer

Manage overall financial administration of this brokerage business while contributing significantly to strategy development. Successfully managed the IT department including a major migration to the Azure Cloud. Successful business partner to the Agency CEO.

Key Achievements/Contributions:

Company achieved revenue growth of 17% during the first year (post-acquisition) vs goal of 6%.

Company exceeded EBITDA contributions goals and budget by 10%

Successfully lead the migration of all IT systems from an on-premise environment to the Azure Cloud in accordance with AssuredPartner security and policy guidelines.

NC LEAGUE OF MUNICIPALITIES - Raleigh, NC 2016 – Present

Chief Financial Officer

Co-managed the operations of three insurance pools including health, workers compensation, and property/casualty. Solely managed overall financial administration of three insurance organizations with combined total revenue of $150M including multiple lines of coverage and one service organization (League). Serve as member of the Senior Executive Team. Utilize effective communication skills to rebuild trust with Board of Directors, Board of Trustees, and Finance Committees. Conduct research and launch new financial service businesses for benefits of customers. Analyze and restructure health insurance business, as well as evaluated all operations of the workers compensation and property/casualty businesses.

Key Achievements/Contributions:

●Added $4M+ in annual revenue by developing and implementing robust strategies.

●Implemented state-of-the-art programs resulting in annual costs reductions of $5M+

●Effectively managed investment portfolio valued at $500M+ including treasury function resulting in increased revenue of 40% while decreasing investment expenses by 20%.

●Structured entire finance, accounting and treasury teams based upon critical needs.

Consultant, Raleigh, NC (Private Equity & Venture-backed) 2014 – 2016

Chief Financial Officer (Contract)

Oversaw finance operations and provided value-added services on a long-term, interim, and project basis. Consulted with organizations in various industries, including Health IT, IT (SaaS), Manufacturing, Retail, Distribution, Association and Insurance for VC and PE backed companies.

NC Health Information Exchange, Raleigh, NC 2011 – 2014

Chief Financial Officer / Chief Operating Officer

Directed all aspects of company's SaaS operations, including finance, accounting, operations, business affairs, legal, support, help desk, business development, marketing, risk management, administration, and HR, for health IT Company. Led development and execution of corporate strategies, while serving as member of senior executive team. Played a key role in financial operations management, while engaging as member of Board of Directors' Finance Committee.

Key Achievements/Contributions:

●Successfully launched new mission critical health software applications

●Secured numerous software deals with provider networks and health systems as well as State of North Carolina in close collaboration with sales team.

rPATH, INC. Raleigh, NC 2005 – 2010

Chief Financial Officer / Chief Operating Officer

Held responsible for the company’s operations management, including accounting, finance, investor/board relations, HR, business affairs, legal, treasury, risk management, implementations, account management, and inside sales. Represented the company in overseeing the filing and management of various patents and trademarks. Partnered with the CEO in the closure of multiple rounds of equity financings and acquisitions.

Key Achievements/Contributions:

●Raised equity by $40M+ while serving as a CFO.

●Responsible for software subscriptions renewals and achieved a 100% renewal rate.

●Researched and launched offshore engineering and development in India and Ukraine to support business.

●Generated additional revenue of 10% by launching an international support service in Shanghai, China.

Additional Experience

Senior Manager – CPA, KPMG, Raleigh, NC

Manager – CPA, Deloitte & Touche, Raleigh, NC

Senior Consultant – CPA, Pricewaterhouse, Cleveland, OH

Education

Bachelor of Science in Business Administration, Major in Accounting

The University of Akron, Akron, OH

Certified Public Accountant in North Carolina and Ohio (Inactive in Ohio)

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