Customer Service Accounts Payable
Resume:
ARNALDO M. PANIAGUA
*** ******** ***, ***** ****** Fl 33143
*****.********@*****.***
Professional Objective
Director of Finance position where my Accounting, Planning and Finance
experience combined with my drive to succeed can be utilized in
contributing to the growth and profitability of an organization.
Summary of Qualifications
A seasoned accounting and finance professional with over twelve years
experience. Responsibilities include financial reporting, strategic
planning, financial controls, accounts receivable, accounts payable, cash
management, investments and human resources. Strong background in
developing effective policies and procedures to insure proper accounting
controls and operational efficiencies are in place. Possess excellent oral
and written communication skills.
HIGHLIGHTS OF MAJOR ACCOMPLISHMENTS
. Assisted in preparing message to State of Florida for Medicaid reform.
(RAPS and auto assignment)
. Coordinated claims audit review, subrogation and coordination of benefits
programs aimed at reducing claim cost and ensuring compliance with
Government regulations. Projected year one savings-$6 million.
. Entered into risk sharing arrangements with local MSO to better manage
utilization of services.
. Issued $300 million in debt financing earmarked for revenue growth
initiatives. Resulted in Aggregate Interest Savings of $7 million.
. Issued $85 million in infrastructure bonds earmarked for patient critical
items and deferred maintenance.
. Implemented Finance Optimization Initiative to enable department's to
better manage their budgets by providing critical operational and
financial information. Fostered department accountability for their
results and performance.
. Member of strategic planning group which evaluated the attractiveness of
potential hospital acquisitions. Recommended purchase of 382 bed
hospital.
. Implemented monthly financial closing meetings with accounting staff in
order to reduce closing cycle from 15 days to 10 days.
. Developed methodology to better estimate patient accounts receivable
balance valued at approximately $350 million.
. Establish a corrective action plan process to improve the results of the
annual Single Audit.
. Implemented a system to prioritize payments to vendors in order to
preserve day's cash on hand due to temporary billing issues. Preserved
approximately $42 million in cash representing 10.5 days cash on hand.
. Project lead for Lawson ERP financial system implementation consisting of
general ledger, accounts payable, payroll, fixed assets and activity
accounting. Developed staffing model to accommodate project resource
requirement. Project was implemented in Nov. 2009 as planned.
. Reengineered payroll process to provide greater emphasis on
verifying payroll accuracy and reducing the number of edits to
employee payroll checks. Estimated annual savings of $3 million.
. Member of Patient Access Committee which presented a plan to improve
customer service and generate additional revenue to the Health
System. .
HIGHLIGHTS OF SKILLS
. Ability to communicate with individuals at all levels and within all
corporate cultures.
. Analytical and performance driven with ability to examine detail while
paying attention to the broader view.
. Knowledge in creating effective financial policies, procedures and
controls.
. Able to meet project deadlines by providing detailed measurable goals and
constantly benchmarking progress.
. Possess strong mentoring skills in order to develop staff's skill set.
. Successfully completed projects by building consensus within the project
group.
. Ability to learn quickly in a dynamic environment.
. Possess good inquiry and listening skills used to generate solution to
existing problems.
PROFESSIONAL EXPERIENCE
Jackson Health System Miami, Florida
October 2010 - March 2011
Jackson Health Plan Director of Finance
Responsible for Finance, Claims Processing, Information Systems, Data
Analysis and Contract Management. Direct and Indirect staff totals 25.
. Assisted in preparing message to State of Florida for Medicaid reform.
Main objectives were to ensure risk adjustment payments based on acuity
and continuity of care for Medipass members.
. Coordinated claims audit review, subrogation and coordination of benefits
programs aimed at reducing claim cost and ensuring compliance with
Government regulations.
. Entered into risk sharing arrangements with local MSO to better manage
utilization of services.
. Prepared annual budget vs. financial projection analysis by initiatives
in order to track performance of new business.
Routinely communicate results to stakeholders and provided key
drivers to remain on target.
. Managed business processes outsource arrangement for all claim payments.
. Oversaw the implementation of a new managed care application including
conversion of legacy system, g/l interfaces and data warehousing of
transactional detail.
. Involved in ongoing negotiations with application vendor to adjust
project cost due to failure to deliver modules on a timely basis.
. Manage all vendor contracts across the organization with an emphasis on
value for services rendered.
. Worked jointly with actuarial firm to prepare and review study for year
-end claims liability, Medicare Part D reconciliation and RAPS
receivable.
Jackson Health System Controller
September 2004 - October 2010
Responsible for all financial activities including financial reporting,
payroll, accounts payable, debt, fixed assets and grant accounting for
entire organization with an annual budget of $2.0 billion. Direct and
Indirect staff totals 54.
. Secured tax exempt financing for revenue enhancing projects as well as
critically needed infrastructure equipment. A portion of the proceeds
were used to refinance debt and thus lower borrowing cost by $7 million.
. Performed acquisition analysis and led due diligence efforts for
potential hospital acquisitions.
. Reorganized and re-staffed accounting department consisting of 54
subordinates.
. Presented Jackson Health System financial condition to Moody's and
Standard and Poor's as part of credit rating process.
. Manage the financial integration of newly acquired hospitals and
physician groups including general ledger build and accounts payable
and payroll integration.
. Directs the annual audit process including preparing the organizations
annual financial report.
. Prepared annual cash flow projections based on strategic planning
initiative with emphasis on operating and capital activities. Benchmarked
against actual results.
. Reports monthly consolidated financial results to the Jackson Health
System Finance Committee.
. Reports construction projects status to the Jackson Health System
Facility Committee.
. Develops implements and monitors Jackson Health System financial policies
and procedures and establishes internal controls to safeguard assets.
. Effective communicator with auditors and banks.
. Collaborated with Treasury function to ensure investment portfolio is in
compliance with established investment policy. Rebalanced asset classes
when necessary.
. Implemented financial reporting structure for defined benefit retirement
plan.
Jackson Health System Internal Audit Manager
April 2004 - September 2004
. Responsible for planning operational audit engagements, including budget
and scope of work to be performed.
. Supervised staff and monitored weekly progress of audit work.
. Managed internal audit request in connection with the annual external
audit.
. Assisted in the preparation of internal audit reports in accordance with
generally accepted auditing standards.
. Planned and managed special assignments.
Deloitte and Touche Senior Auditor, Miami, Florida
July 1999 - April 2004
. Review staff work papers.
. Serve as a liaison between D&T management and client management.
. Prepare management letters to assist client management in areas where
improvement is needed.
. Frequently worked multiple audit engagements simultaneously
. Utilized authoritative literature (FASB, AICPA Interpretation and
Industrial publication) in resolving issues.
. Experience in various industries, including Health Care, Banking,
Manufacturing, and Not-For-Profit, Trade.
. Systems documentation utilizing flowcharts and narratives.
. Identification of key internal controls to determine the nature, extent
and timing of audit procedures.
. Analytical analysis of financial information.
Two Brother Tobacco, Inc. Miami, Florida
May 1990 - July 1999
Finance and Operations Manager
Accounting Responsibilities
. Participated in semi-annual audits conducted by The Division of Alcohol
and Tobacco..
. Analyze comparative financial statements to determine company's
performance.
. Prepared weekly payroll, 941 Employer's Tax deposits, and monthly bank
reconciliation.
Sales /Management Responsibilities:
. Responsible for product consulting services to key accounts to ensure
customer satisfaction.
. Developed and implemented an immediate product delivery program to
improve channels of distribution.
. Planned, implemented, and coordinated a computer based sales and market
share program with vendors.
Education
2009 - Present Keller Graduate School of Management, MBA in progress
1997-1999 Accounting Courses Required for CPA Exam
Florida International University
Bachelor of Science in Marketing, BA - 1990
Florida State University
Licenses
Certified Public Accountant, CPA
License in Transit
Memberships
Healthcare Financial Management Association
Languages
Fully Bilingual in English and Spanish
Computer Skills
Microsoft Excel, Word, Outlook and PowerPoint
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