Vice President Insurance

Robert B. Peters

**** ***** **. **, ********, WA 98007

425-***-**** • **********@*******.***

Linked In: http://www.linkedin.com/in/rbpeters

Experienced CFO – Insurance/Services/Healthcare

Industries

Strategic financial leader, able to see the business drivers behind the numbers,

build practical and functional reports useful for decision-support, and provide

insightful analysis that is meaningful to senior executives.

Expertise, Knowledge & Skills:

• •

Strategic Planning Regulatory Relations & Compliance

• •

Investments and Capital Management Operations Transformation / Restructuring

• •

Financial Best Practices Project Management

• •

Budgeting, Forecasting, Financial Analysis Team Leadership & Development

• •

Integrated Operating/Reporting Systems Executive Communications

Business Value / ROI

• Serve as a partner to the CEO and Executive Team, leading the company to achieve financial

results and objectives, while ensuring that growth opportunities are appropriately evaluated

and capitalized upon.

• Ensure that all costs are challenged and controlled through upgrading systems, continuous

process improvement, and commitment to quality.

• Establish the direction, strategies, and priorities for the Finance organization, leading talent

development, and overseeing financial and accounting system controls.

Consistent Track Record of Accomplishments and

Performance Milestones

• Drove Organizational Culture Transformation. Recruited by previous employer to build a

best practices operations infrastructure for ADAPTIS, INC., while leading the organization to

achieve financial controls, obligations and objectives. Increased market value of

company by over $80 million in seven years (30%+ CAGR). Generated revenue

growth from $16 million to $41+ million. Grew operating cash flow from

$(380,000) to $4.9 million. Additionally, developed a sophisticated enterprise class

service-delivery platform with operations throughout the US and India. Demonstrated the

ability to develop and implement strategic business and operating plans, and manage

changing priorities. (2000-2009t)

• Provided Value-Added Business Insight & Contributions. Developed and executed a

comprehensive restructuring plan for FHS LIFE HOLDINGS COMPANY, INC., turning a $60

million annual loss to break-even operations in 14 months. Created a culture

adaptable to an ever-changing business environment while improving efficiency and

effectiveness. Served as a subject matter expert on strategic direction and

regulatory relations. Negotiated with state regulators, including insurance commissioners

in seven states, reducing penalties and fees by over $6 million. (1997-2000)

• Played Pivotal Role as Strategic Financial Team Member. Resolved prior-year audit

issues for COMMUNITY HOUSING OPPORTUNITIES CORPORATION, resulting in issuance of

audited financial statements with unqualified opinions. Brought all monthly

reconciliations and financial reports (over 12 months behind) current within four

months. Developed and implemented an automated reporting and forecasting system that

produced business-critical information to executives in a consistent, timely and useful manner.

(1995-1996)

Robert B. Peters

Page 2

Professional Experience

Adaptis, Inc., Seattle, WA - 2000 to 2009

Adaptis administers the healthcare transactions for 240,000+ Washington Medicaid, SCHIP, Basic Health and

Medicare Advantage members, processing over $650 million of annualized premiums and $620 million of annualized

claims expense.

Senior Vice President, Chief Financial Officer and Treasurer

As a key member of the senior executive team, responsible for all areas of finance and accounting,

including investments in international subsidiaries, fixed-income investment securities

portfolio, annual and strategic planning, capital management, as well as leadership of specific

strategic initiatives to support the growth and continued innovation of the business. Provide

direction and mentoring to the finance and accounting team.

• Developed investment objectives and established performance benchmarks, policies, and

strategies for a large diversified Investment portfolio; total returns exceeded benchmark by

1.1%, or over 26% above benchmark returns.

• Leveraged well-regarded reputation within the financial community, as well as personal

influencing skills to provide a creative financing structure, enabling the company to grow.

Raised $7.5 million capital from the existing shareholders and added credit facilities, including

$12 million facility with both fixed and variable components.

• Assessed and improved internal business processes, accounting, reporting and financial

information systems to better track financial performance, enhance profitability, and minimize

risk. Implemented disciplined internal controls to ensure overall regulatory compliance,

including HIPAA mandates.

• Developed a highly productive and efficient team, fostering a culture of commitment to

corporate goals. Particularly successful in acting as a coach and mentor to key leaders,

enabling them to excel in their responsibilities

Health Net Life, subsidiary of Health Net, Tucson, AZ – 1997 to 2000

Wholly owned subsidiary of Foundation Health Systems, Inc., one of the largest publicly traded managed healthcare

companies in the US with revenues of $8.7 billion and over 5.3 million members.

Strategy, Regulatory Relations and Financial Management (Independent

Consulting Assignment)

Collaborated with senior corporate executives and subsidiaries’ senior management teams to

restructure and improve operations nationwide. Emphasis was on applying financial planning and

analysis to a broad range of business problems and devising creative solutions to ensure all

compliance and regulatory requirements were met.

Created and executed comprehensive disposition plans to exit markets in two states,

•

maintaining the ability to continue marketing existing business by avoiding HIPAA penalties;

plans included exit strategy, federal/state law compliance, and post-exit operations

requirements.

Maximized the company’s cash position: (i.) reduced penalties and fees by over $6 million in

•

seven states through effective negotiations with state regulators, (ii.) recovered $475,000+

in premiums, while increasing income and reducing RBC requirements by restructuring and

reconciling reinsurance contracts, (iii.) generated nearly $3 million in additional cash flow

and $1.4 million in pre-tax income over 30 months.

Earlier Career Summary

Held numerous roles - CFO, Controller, Treasurer, Auditor and Accountant - in diverse business

environments including Not-for-Profit and “Big 8” Accounting. Gained hands-on experience in

debt agreement negotiations and operations turnaround to avoid bankruptcy, as well as skills

in credit analysis, asset management and asset restructuring, forecasting, cash flow

management, and insurance regulatory issues. [Details on following page.]

Education & Professional Development

Bachelor of Science, Business Administration, Accounting (with Honors), California State

University, Chico, CA

Graduate Studies in Marketing, Business Ethics, University of Phoenix, Seattle, WA

California CPA Certificate (expired)

ADDITIONAL DETAILS: PRIOR POSITIONS

COMMUNITY HOUSING OPPORTUNITIES CORPORATION, Davis, CA 1995 – 1996

A not-for-profit developer of affordable multi- and single-family housing and an operator of regulated multi-

family real estate.

Chief Financial Officer and Treasurer

PACIFIC STANDARD LIFE INSURANCE COMPANY, Davis, CA 1986 – 1994

A $900 million life insurance company specializing in individual universal life and annuities. Annual growth

rates exceeded 40% annually.

Vice President and Treasurer [Acting Chief Financial Officer] 1989 – 1994

Vice President and Controller 1988 – 1989

Assistant Vice President and Assistant Controller 1986 – 1988

THE DENTISTS INSURANCE COMPANY, Sacramento, CA 1985 – 1986

Wholly-owned subsidiary of the California Dental Association (“CDA”) providing dental malpractice insurance

to members of CDA.

Chief Financial Officer

AMERICAN SAVINGS & LOAN, Stockton, CA 1984 – 1985

Senior Internal Auditor

ERNST & WHINNEY, Sacramento, CA 1981 – 1984

Senior Accountant

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