Vice President Accounts Payable

Rajeev Narula MBA, CPA(inactive)

**** ****** **** ****** ( Thousand Oaks, CA 91360

805-***-**** (Hm) 805-***-**** (cell) ( **********@*****.***

Summary

A Senior Financial Executive and CPA/MBA with broad experience in strategic

planning, accounting closes, budgeting, internal and external financial

reporting, Treasury, corporate taxation, financial analysis, and

competitive analysis. Proven ability to creatively solve financial,

operational, and process issues. Excellent organizational, problem

solving, and multitask capabilities. Areas of expertise include:

Financial Planning and Corporate Taxation Treasury

Budgeting Product Line Multistate Reporting

Financial Reporting and Profitability

Analysis Mergers and

Statutory and Regulatory Acquisition

Audits

Professional Experience

Consultant 2012 - 2013

Treasury @ Cedars Sinai Medical Center

Chief Financial Officer @ Central Health Plan

Worked as a consultant to the treasury department and the Investment

Committee responsible for $1+ billion portfolio. Coordinating with thirty

six (36) different investment managers (Domestic, International, Hedge

Funds, and High Yield Portfolios), four custodians, auditors, and finance

department.

SCAN Health Plan Long Beach, CA 2003 - 2012

Vice President Finance/Controller

Led the entire finance department with diverse functions such as financial

& regulatory reporting, financial planning & analysis, provider finance,

accounts payable, premium billing & receivable, payroll, federal &state

taxes, audits, and treasury. Member of the executive team, IT governance

team, annual benefits team, data governance team, business expansion and

merger and acquisition. A regular participant and presenter at the Board

meetings, Audit Committee meetings, and Finance Committee meetings. Chief

Financial Officer for two Health Plans in Arizona. Directly and indirectly

supervise staff of 35. Reported to CFO.

o Designed a month end close report package and a Key Performance

Indicators for executive team resulting in consistent and better

decision making.

o Successfully reorganized the finance department and consolidated all

finance functions under one department.

o Part of the team that built the investment program that took the

investment portfolio from $60 million to $1 billion. Manage the

sixteen different investment managers for day-to day

transactions/requirements.

o Successfully implemented premium reconciliation process based on the

new bid process with CMS (Center for Medicare and Medicaid Services).

o Worked closely with Actuaries for all IBNR models in compliance with

business structure. Review IBNR models on a monthly basis

o Led financial planning & analysis team for seven cycles and

successfully implemented new planning software (Cognos).

o Executive sponsor of the Data Warehouse project and Business

Intelligence tools for the whole organization.

o Successfully implemented a new long term care plan (Medicare and

Medicaid) in Arizona. Worked as Chief Financial Officer (CFO) for the

two legal entities in Arizona.

o Successfully implemented sales compensation project under new MIPPA

(Medicare Improvements for Patients and Providers Act) guidelines from

CMS.

o Participated in full system conversion from Healthsuite to MC400,

Payroll system conversion, new Sales Compensation system, key member

and supporter of Data Warehouse project.

o Outsourced some of the finance processes (e.g. check and remittance

advice)

o Successfully implemented Part D program, annual Prescription Drug

Events (PDE) and Coverage Gap Discount Program (CGDP) reconciliation

Catholic Healthcare West Redwood city, CA 2002 - 2003

Bay Area Region

Director of Finance

Overall responsibility for financial reporting and accounting closes on

a monthly, quarterly and annual basis for three hospitals and the

regional office. Responsible for finance department with diverse

functions like general ledger, accounts payable, payroll, reimbursement

and treasury. Coordinating internal, external, and other management

audits. Directly and indirectly supervised staff of 18. Reporting to

CFO/Vice President.

o Successfully implemented billing for physician leases in accordance

with contracts saving the hospitals millions of dollars and bringing

the facility in compliance.

o Successfully completed review of unclaimed property filings and filed

reports as necessary.

o Worked closely with Actuaries for all types of pension liability and

brought it current and in compliance.

o Coordinated with various departments throughout the organization to

put a practical physician contract payment process.

Blue Cross of California Woodland Hills, CA 1999 - 2002

Wellpoint Health Networks

Director Finance/Accounting, Large Group Division

Overall responsibility for financial reporting and accounting closes on a

monthly, quarterly and annual basis for Large Group Division with an

annual premium of $4.6 billion. Responsible for consolidation reports for

large group division President. Coordinated internal, external, statutory

and client's audit. Led and participated in special projects and provided

expertise to various departments throughout the organization. Provided

finance and accounting support to five General Managers with diverse

product lines. Directly and indirectly supervised staff of 12. Reported

to Vice President, Finance.

o Designed a month end close report package for General Managers

resulting in consistent and better decision making.

o Successfully reviewed and approved all corporate allocations to Large

Group business units and worked closely with corporate on new

allocation drivers.

o Worked closely with Actuaries for month-end reserves and forecasting

trends.

o Successfully completed operational cost analysis for all business

units across Large Group that helped Operations to focus on areas with

high potential for savings.

PacifiCare Health Systems Costa Mesa, CA 1998 - 1999

Controller, Life and Health Division

Overall responsibility for internal and external financial reporting on a

monthly, quarterly and

annual basis for Life Companies of PacifiCare doing business in 44

states. Responsible for entire accounting department with diverse

functions like general ledger, statutory financial reporting, accounts

payable, treasury and brokers' commission. Directly and indirectly

supervised staff of 14. Reported to Treasurer/Secretary.

o Successfully reorganized the accounting department.

o Designed and completed management/executive summary reports for top

management resulting in better decision making.

o Analyzed and recommended a new IBNR/Lag report analysis resulting in

significant savings.

Blue Shield of California/CareAmerica Health Plans Woodland Hills, CA

1994 - 1998

Regional Controller 1998

Corporate Controller 1997 - 1998

Director of Accounting 1994 - 1997

Overall responsibility for internal and external financial reporting on a

monthly, quarterly and annual basis for a 260,000 member HMO/PPO

organization with $650 million in premium revenue. Managed the entire

finance department with diverse functions like general ledger, budgeting,

accounts payable, accounts receivable, cash application, payroll, brokers'

commission, purchasing and warehousing. Coordinated the preparation of

corporate income tax returns. Directly and indirectly supervised staff of

35. Reported to Executive Vice President/Corporate Treasurer.

o Successfully completed the change of the accounting system from

mainframe to Lawson.

o Integrated and consolidated the acquisition and mergers of six

different companies.

o Reduced month end processing days from 15 to five, resulting in

meaningful and effective management decisions.

o Improved accuracy of financial reporting and information feeds from

claims and capitation systems resulting in savings of million of

dollars to the bottom line of the company. Identified potential

trouble points and developed requirements for enhancements.

o Evaluated and recommended a new fixed asset system and successfully

completed the change of the fixed asset tracking system to bring it in

compliance with GAAP.

o Analyzed and recommended internal controls resulting in significant

savings.

o Developed key indicators or critical success factors for the entire

corporation saving top management time in analyzing lengthy reports.

o Represented the finance department in a team responsible for

incorporating and licensing a new HMO in the state of Michigan.

Huffstetler, Tracy, Coppa & Herman, Inc., CPA's City of Commerce, CA

1990 - 1994

Sr. Accounts Manager

Reporting directly to the President, responsible for federal and state tax

returns and tax planning for corporations, partnerships, trusts, and

individuals. Also responsible for reviews, compilation, and special

project audits, including inventory, accounts receivable, and cost audits

for various clients in manufacturing, service and agricultural fields.

o Introduced and successfully converted two thirds of the clients onto a

new comprehensive general ledger and financial reporting package.

o Highest billed hours in the entire organization for three consecutive

years.

Education/Certification

MBA, Business ( California State University, Bakersfield ( Dean's List

Certified CPA (Inactive) - American Institute of Certified Public

Accountants

C.A. (Chartered Accountant) ( Institute of Chartered Accountants of India

CHIX (Certified HealthCare Insurance Executive) ( America's Health

Insurance Plans (AHIP)

Professional Memberships

Member of AICPA and California Society of CPAs

Fellow Member of Institute of Chartered Accountants of India

America's Health Insurance Plans

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