Management Manager
Resume:
CURT J. ENGELS, CMA, CPA inactive
**** **** ****** *****, *** Hope, MN 55428
********@*.***
SUMMARY
Accomplished Director of Finance and Controller with extensive experience
providing financial expertise within the healthcare, retail, and non profit
industries. Background in budgeting, financial analysis, management
reporting, financial forecasting, and accounting. Recognized for ability
to provide and explain financial data to non-financial audiences.
Experienced in troubleshooting problems in business segments and market
start-ups to become profitable.
Areas of Expertise:
General Accounting Budgeting/Forecasting Management Reporting
HIPPA Regulations Statutory Reporting Financial Analysis
Systems Planning & Health Care Accounting Evaluating Insurance
Implementation Reserves
Audit Planning Risk Management Internal Control
Computer Skills: Microsoft Dynamics, Keane Care, Microsoft Office, Excel,
Word, Access, PowerPoint, Achieve Matrix, ADP Payroll, Great Plains,
Peoplesoft, Hyperion
EXPERIENCE
Sholom Community Alliance, St. Louis Park, MN
2005 - 2010
Sholom Community Alliance is a non-profit organization providing a broad
continuum of residential, social service, and health care services
primarily for older adults. Organization includes nursing homes, assisted
living facilities, residential and community based programs. Consolidated
annual revenue of $41 Million and ranks within the top 100 non-profit
companies in Minnesota.
CONTROLLER
Hired for extensive expertise and financial savvy in the non profit, health
care, and nursing home industries to oversee the Accounting, Business
Office, Accounts Receivable, Accounts Payable, and Budget process for the
Sholom Community Alliance entities. Tracked construction costs and pledged
receivables for a new campus recently constructed.
. Introduced monthly financial & business review session with each facility
leader analyzing financial results focusing on budget and forecasted
variations in operations.
. Attended monthly Board and Budget & Finance committee meetings to present
financial results and financial impact of recommended changes in
operations against budget.
. Converted the General Ledger, Accounts Payable, and Accounts Receivable
system from Keane Care to Microsoft Dynamics.
. Oversaw the year end audit process ensuring that accurate balances with
proper supporting documentation is provided thereby minimizing audit
costs.
CURT J. ENGELS, (continued)
Page 2
. Prepared annual budgets for alliance entities including two nursing
homes, two assisted living facilities, three HUD subsidized senior living
facilities, one independent senior apartment facility, a licensed
homecare agency, and the corporate department.
. Ensured that internal control protocols were being followed for A/P
requests, Capital purchases, Inventory control, and new vendor approval.
The Musicland Group, Inc., Minnetonka, MN
2003 - 2005
The Musicland Group, Inc., was a retailing entity within the entertainment
industry that generated $1.5 billion in annual revenue with 909 stores and
four separate concepts: Sam Goody, Suncoast Motion Picture, Media Play and
Internet.
MANAGER OF FINANCIAL REPORTING
Selected for newly created position, reporting to the Controller. Managed
the general ledger accounting function and led the financial reporting for
various audiences: Senior Management, Sun Capital Partners (Musicland's
ownership group), as well as covenant reporting with Congress Financial
Corp (banker/lender).
. Active member of a new team working together to analyze and reshape the
accounting process & reports to get broader access to financial data and
improve variance management.
. Actively reviewed & analyzed data relating to a liquidation of 152
stores.
. Key member of a team that shortened the close process from eight days to
four days.
. Developed a monthly reporting package that became the standard report for
the Senior Management team as well as Sun Capital Partners.
. Led intensive scrutiny of consulting expenses highlighting unreasonable
costs and recommending management review.
UNITED HEALTH GROUP 1992 - 2003
Director of Finance, Evercare (1994-2003)
Responsible for all aspects of accounting and financial planning for
Evercare's ten Medicare markets and two Medicaid products plus the
respective corporate departments, including annual budgeting and target
setting. Conducted variance analysis (enrollment, revenue, medical cost,
and SG&A) and new market and product cost benefit analysis. Chaired
monthly finance calls with senior management. Interpreted and analyzed
provider risk contracts. Managed the annual audit process, tax preparation
and annual filing of Preliminary Benefit Plans and ACR to the Centers for
Medicare and Medicaid Services.
. Promoted from Accounting Supervisor to Accounting Manager and to Director
of Finance in a company that has grown from $8 million to over $400
million in annual revenue.
. Built a finance function to support the development and implementation of
nine new Medicare markets.
. Designed and implemented a budget and forecasting process currently used
to determine operational targets and also aid in the budget process.
. Produced a forecasting process that could reliably predict month end
results up to two weeks prior to month end, allowing time to implement a
corrective strategy when trends were unfavorable.
. Developed a financial reporting process specific to Evercare's business
needs that focused on key operational information that enabled business
users to better understand cost drivers.
CURT J. ENGELS, (continued)
Page 3
. Integrated several acquired business segments into the Evercare financial
reporting system.
. Designed a consolidation process of the Evercare entities which ensured
that all elimination entries were completed accurately and timely.
. Implemented a bimonthly forecasting process that focuses on operational
as well as financial drivers.
. Reduced the general ledger close process from 12 days to 5 days.
. Maintained internal controls ensuring compliance with Sarbanes-Oxley
legislation.
Senior Accountant, United Health and Life Insurance Company (1992-1994)
Responsible for general ledger close, review of monthly journal entries,
and compliance reporting for 41 states. Prepared annual income tax
package, state premium tax returns and quarterly and annual audit
workpapers. Completed Risk Based Capital analysis, corporate allocations
and HMO reinsurance rates.
. Developed a reserving methodology based on lag analysis for three
insurance products across 21 separate markets segmented by Health Cost
Category. Resulted in setting more accurate reserves.
. Reviewed previous year's premium tax returns and filed amended returns
resulting in significant refunds.
. Completed a foreign vs. domestic tax impact analysis of re-domesticating
the insurance company to a different state.
AETNA LIFE INSURANCE COMPANY 1989 - 1992
Accountant, MedCenters Health Care, Inc. (1991-1992)
Responsible for general ledger close process including preparation of
monthly journal entries, account reconciliation and analysis. Interpreted
provider, hospital and management contracts, including the preparation of
provider statements for settlement purposes.
. Completed medical reserve analysis for the Minnesota Health Network and
the First Alliance Network.
. Developed budgets and financial forecasts during the start up phase for
MedCenters Managed Care Corporation, a Third Party Administrator for self
funded employer groups.
Accountant, PARTNERS National Health Plan of Northern Ohio (1989-1991)
Maintained the general ledger through preparation of monthly journal
entries and account reconciliation and analysis. Prepared the monthly
financial statements including quarterly and annual statutory reports.
Assisted with the annual audit process.
EDUCATION / CERTIFICATIONS
Bachelor of Arts, double major in Accounting and Finance, Concordia
University, St. Paul
Certified Public Accountant non-active, State of Minnesota
Certified Managerial Accountant, Institute of Management Accountants
Continuing education courses in Finance and Business Management
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