BERNARD BASKIN, CPA, CGMA, MBA
818-***-**** (C) 760-***-**** (H) *************@*****.***
Versatile, innovative financial leader focused on creating long-term value
and delivering results. Expert at developing and implementing successful
strategic initiatives that align with business objectives. A consummate
negotiator who identifies and delivers ROI value. Experienced in leading
organizations through change. A skilled business analyst, with sound
business judgment and proven problem-solving acumen. A recognized leader
bringing energy and passion to the enterprise with a bias for action.
Financial Management Divestitures IT Integration
Risk Management Organizational Start ups
Restructuring
Process Improvement Due Diligence Budgeting, Forecasting
Cash Flow Optimization Mergers & Acquisitions Cost Reduction
Internal Controls Financial Reporting Leadership
Strategic Planning Debt Financing and Swaps Accounting System
Conversions
PROFESSIONAL EXPERIENCE
be.group, (formerly Southern California Presbyterian Homes), Glendale, CA (
2010-May 2012
Multi-site provider of quality housing, healthcare and support services for
older adults, with an annual budget of over $100M.
Executive Vice President & Chief Financial Officer - Reported to the
President and CEO.
Recruited in a nation-wide search to turn around, invigorate and repair
morale to a struggling finance and accounting department, restored investor
confidence and generate positive NOI for all product and service lines.
Focused on restoring capital expenditures for facility modernization and
deferred maintenance projects. Oversaw an investment portfolio of over
$50M to match or better key benchmark returns. Supervised the strategic
application and integration of information technology across functional
areas. Supported the Corporation's S&P bond rating. A member of the senior
management team, and a corporate officer serving three board committees:
finance, audit and investment. A thought leader and architect of strategic
initiatives. Responsible for three direct and 16 indirect reports.
Financial/Operational Highlights:
. Drove positive cash flow by aggressively targeting reductions in
outstanding accounts receivables. Achieved 40% reduction in outstanding
accounts and an additional $150K monthly cash flow by focusing on
tightening processes and procedures, introducing innovative billing best
practices and implementing a vigorous collections mandate. Reduced bad
debt reserve straight to the bottom line.
. Realized higher levels of cash flow by instituting efficiencies, best
practices and cost reductions that contributed over $1.5M annually to
EBITDA.
. Implemented a state-of-the art online human resources and payroll
management system replacing the labor intensive manual system, leading to
higher productivity, automated reconciliations and low cost of ownership.
. Brought payroll in-house with an annual saving of over $60K in personnel
and outside vendor fees.
. Transformed banking and treasury services saving over $25K per month in
fees and processing charges.
. Redesigned management monthly reports, developed benchmarks, metrics and
performance scorecards that provided measured results to better achieve
management goals and profitability targets. Used reports to identify
cost drivers, causes of budget variances, lost revenue, appropriate
staffing levels and reductions in overhead. Developed predictive
analytical tools that modeled outcomes and mitigated risk.
. Introduced margin analysis to enhance cash reserves. Developed GAAP and
non-GAAP measures of revenue and cash to optimize operating margin by
15%.
. Created and implemented an expense reduction program. Achieved cost
savings of over $500K cash in 4 months by renegotiating terms and
selecting vendors through a rigorous competitive bidding process.
BERNARD BASKIN ( Page 2 ( *************@*****.***
LUMETRA, San Francisco, CA ( 2002-2010
Healthcare consulting and information technology company with over $47M in
annual revenue derived from three service lines: consulting, Medicare fraud
detection, and electronic medical records software implementation and
training.
Chief Financial Officer - Reported to the President and CEO
Hired to restructure and modernize the finance organization. Created a
high performance finance team; completed a full accounting system
conversion; transformed outdated processes and procedures; implemented an
ERP system and introduced state of the art data analytical tools for more
accurate reporting and timely decision making. Worked closely with the CEO
to plan the Company's strategic direction. Formed two subsidiaries with
operating offices in 5 states. Supported three independent Boards of
Directors. Divested a profitable division for a gain of over 3 times
EBITDA. Developed a pricing model for products and services that resulted
in higher revenue and earnings growth. Managed the acquisition of over
90,000 square feet of space in multiple locations; supervised the IT and
human resources staff activities; and negotiated vendor and customer
contracts over $500,000. In close coordination with the CEO and legal
counsel, compassionately oversaw the layoff of 110 employees representing
nearly 70% of total staff due to the loss of a major customer contract.
Partnered with the new CEO to stabilize and restructure the company into a
stronger, leaner operation. Responsible for four direct and 16 indirect
reports.
Financial/Operational Highlights:
. Implemented sales efficiency plans that increased and sustained revenues
23% in FY 2004, and 26% in FY 2005, attaining profit margins of 7% and 9%
respectively.
. Completely revamped an underperforming accounting/finance department;
streamlined functions; eliminated redundancies; and implemented processes
improvements and best practices that resulted in a $500K reduction in
overhead annually.
. Headed startup company launch and realized sales growth ranging from
$1.5M to $19M in 3 years, and attained 10% annual net income.
. Established online financial/monthly project reporting, eliminated
processing errors and introduced mandatory staff training which cut 5
days off of the monthly close, and reduced costs by over $120K annually.
. Instituted cost-control processes and procedures that reversed negative
cash flow and reduced overhead 15% within 5 months of implementation.
. Directed SOX compliance implementation processes, saving more than $25K
in audit fees.
. Developed and implemented a process for reporting and measuring key
results leading to operational efficiencies that increased revenue 25%
annually.
. Profitably operated contracts in local currency with the Abu Dhabi Health
Authority.
. Established a purchasing/procurement function that eliminated waste and
inefficiencies in acquisition programs generating over $200K annual
savings and positive cash flow.
NORTHERN CALIFORNIA INSTITUTE FOR RESEARCH AND EDUCATION, INC. (NCIRE)
San Francisco, CA ( 2000-2002
Non-profit medical research center with over $27M in annual revenue.
Affiliated with the University of California San Francisco Medical School
and Veteran Administration Hospital.
Chief Financial Officer - Reported to the President and CEO
Led all aspects of the financial management for the construction of a
single-story office building. Prepared financial reports, determined and
allocated budgets and directed company investments. Led the accounting,
contracting, HR, purchasing, shipping/receiving, and administrative support
functions. Designed, developed and executed an automated management
reporting system that included on-line requisitions and approvals, email
notifications and the use of technology to process shipping and receiving
activity directly into the accounting system. Worked with the VA Hospital
to improve hospital financial administration and billing systems.
Spearheaded the transition of the employee benefits and retirement programs
to a new provider and administrator. Implemented project management
accounting for complex, multi-million dollar research grants and phase
three clinical trials. Supervised four direct and 9 indirect reports.
BERNARD BASKIN ( Page 3 ( *************@*****.***
NCIRE (Continued)
Financial/Operational Highlights:
. Drove new business initiatives and created a competitive pricing
methodology, securing 50% of bids and increasing revenue in 1 year by $6M
(or 25%).
. Instituted an online purchasing/shipping and receiving system, and
automating processes that resulted in savings of over $75K annually in
personnel and administrative costs and increased efficiencies.
. Conceptualized and directed accounting system conversion/redesign,
completing transition within 6 months and $50K under budget.
. Revised existing indirect cost allocation methodogy, reducing costs and
creating additional $700K annual cash flow.
. Renegotiated healthcare provider contracts, reducing costs by 20%
annually.
. Secured funding for MRI equipment at 2 points under prime, saving $100K
in interest.
ADDITIONAL HISTORY (Full details on request)
TITAN CORPORATION, San Diego, CA - Reported to the Corporate VP
Public company (NYSE) manufacturing electronic components and providing
software engineering services with over $1B in revenue.
Director of Government Policy
. Secured over $30M in at-risk accounts.
. Reduced days sales outstanding by 20%.
. M&A and post-acquisition integration.
. Directed the creation of a shared services department as part of a post-
acquisition initiative to eliminate redundancy and reduce administrative
costs.
COOPERS & LYBRAND (PRICEWATERHOUSECOOPERS), San Diego, CA - Reported to
Partner
. Provided public accounting and consultancy for one of the largest CPA
firms in the country.
EDUCATION
Master of Business Administration
San Diego State University, San Diego, California
Master of Arts in Library and Information Sciences
Rosary College (Dominican University), River Forest, Illinois
Bachelor of Arts in English/Philosophy (dual major)
Northeastern Illinois University, Chicago, Illinois
Graduated with high honors
Member Beta Alpha Psi, San Diego State Chapter
BOARD EXPERIENCE
IntegriGuard, LLC Corporate Secretary
Board and Founding Member, Millbrae Education Foundation
Member of the Finance Committee, Aging Services of California
CERTIFICATIONS
Certified Public Accountant (CPA)
Chartered Global Management Accountant (CGMA)
Certified Government Financial Manager (CGFM)