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Executive Financial

Location:
Salt Lake City, Utah, United States
Posted:
December 06, 2017

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RICHARD ROSENBERG

**** *. ******** ***** **

Salt Lake City, UT. 84109

952-***-**** Email: ac3ma4@r.postjobfree.com

EXECUTIVE PROFILE:

Financial executive with broad range of experience in multiple industries focused on short and long term financial planning, analysis, management reporting, business performance improvement, acquisition integrations, developing and implementing financial information systems. Has a strong track record of leading cross functional teams managing, measuring, and influencing business performance. PROFESSIONAL EXPERIENCE:

Vice President of Finance and Analytics 2010 – November 2016 Molina Healthcare of Utah

Molina Healthcare of Utah is a $600 million subsidiary of Molina Healthcare Inc. serving the Medicaid, Medicare, and Marketplace populations.

Led the development and analysis of the health plan’s overall financial performance and long term strategies including top line revenue through evaluation and negotiation of premium rates with the Department of Health and improving Medicare and Marketplace risk scores.

Managed medical costs through detailed review and analysis of medical cost drivers such as ER and inpatient utilization, readmission rates.

Drive unit costs down through identification of provider contracting opportunities and improved provider engagement by supporting the development and monitoring of value based contracting with strategic provider groups.

Implemented profit improvement initiatives in Utilization Management, Care Management, Pharmacy, and Provider Contracting.

Monitor and compare medical cost drivers across regions, populations, provider panels, and external/internal benchmarks.

Assist in developing, implementing and monitoring the health plan’s strategic plan.

Developed new reporting systems and solutions to better meet the increasing demands for root cause analysis. Developed new processes to improve Medicare risk scores which led to a 15% increase in risk scores which drove revenue up by $6 million

Manage health plan functional departments including Reporting & Analytics, Facilities Services Medicare and Marketplace Risk. Responsible for controlling all administrative costs to ensure the plan was within budget.

Project Based Financial Consulting 2007 – 2010

Senior Financial Consultant supporting organizations by managing FP&A, Financial Project Management, Business Process Improvement, Business Intelligence development, SOX internal controls, and financial reporting.

Interim Director of FP&A for a $1.4 billion Medical Center with multiple regional clinics and level 1 trauma center. Develop quarterly forecasting process, designed/implemented forecasting & budgeting system, created a new FP&A department, hired experienced personnel, created requirements for decision support tools, participated in vendor selection for BI dashboard, established methodology for departmental benchmarking.

Minnesota Regional Hospital Human Resources project to review current payroll process and identify process issues with recommendations for new system enhancements and operational controls.

Program manager leading a team of Finance and IT professionals for a worldwide medical device company to design and implement a new multi dimensional BI data mart and executive dashboard

Contracted with a $41 Billion Consumer Electronics retailer. Areas of focus were; Business Intelligence, General Ledger, Accounts Payable, Accounts Receivable, Supply Chain, Inventory Control, Fixed Assets, and Point of Sale.

UNITED HEALTHCARE, Edina, MN. 2005 – 2007

Director of Finance, Executive Information Architecture A diversified health / well being company with revenue of $50 billion and one of six business segments of United Health Group (Fortune 20 company with $74 billion of revenue).

Established multi departmental project team which acquired, designed, and implemented organizational wide Business Intelligence tool using Cognos, (the Executive Information System) realizing a web based system, and electronically delivering financial results with increased efficiency / quicker.

Created standardized process integrating multi billion dollar acquisitions into the PeopleSoft general ledger, Payroll, sub-ledgers, reporting and planning systems, producing rapid integration of financial results of acquired companies which led to accelerating the elimination of redundant costs.

Created new management reporting structure in ERP system to report on $2 billion of SG&A expenses, while improving managerial accountability, and reducing costs (10%).

Managed Hyperion Essbase Administration department, which created and maintained standardized monthly reporting throughout the organization

CONGREGATION SHAAREY ZEDEK Southfield, MI. 2003 – 2005 Executive Director

Non profit Synagogue with 1,900 families, assets exceeding $40 million including three buildings and an endowment of $14 million. Reported to President while managing diverse professional staff (18 FTE’s).

Reduced annual operating expense budget (20%), (Eliminated $1 million annual operating deficit with cash flow improvement of $4 million in one year).

Created annual budget process, rewrote monthly financial reports for the Board of Trustees, developed new banking relationships, negotiated additional multi million dollar credit facility (190 bps rate improvement). KMART CORPORATION Troy, MI. 1995 – 2003

Division Vice President of Finance, Corporate Planning, Apparel, Hardlines & Corporate Financial Systems Discount retailer with 2,100 retail locations and revenue of $35 billion. Directed development of short / long term business plans, strategic planning, and financial forecasts for $8 billion Apparel division, $10 billion Hardlines division, and the 2,100 store operations division. Reported to Vice President of Finance and directly supervised 15 FTE.

Support business leadership in managing overall financial performance of the company through the development of annual financial plan, three year strategic plan, weekly revenue forecasting, capital planning, and quarterly reforecast, as well as competitor analysis, product profitability and store contribution margin analyses.

Developed new and documented existing business processes for management reporting, budgeting, forecasting, inventory accounting, accounts payable, accounts receivable, and monthly General Ledger Close. Reviewed and approved annual merchandise buy plans, including sourcing arrangements.

Directed design / development of Corporate Executive Information System using multi dimensional ROLAP technology which monitored, analyzed and reported on financial / operational performance,

(Business Intelligence tool utilized sophisticated performance measures and ranking capabilities).

As the Finance representative to the merchandising decision support development task force, implemented a data warehouse solution and provided direction to the reporting and analytical objectives of the project.

Led divisional finance functions for multiple business units, improving sales forecast accuracy which assisted to drive sales and profitability performance. Increased year over year sales by 5% for two consecutive years and reduced 2 billion of inventory by 10% . WELLPOINT HEALTH NETWORKS Woodland Hills, CA. 1991 - 1995 Director of Financial and Reporting Systems

For profit Subsidiary of Blue Cross of California. Directed data integrity, design and production of management reporting. Reported to CFO with ten direct reports.

Designed / implemented Business Intelligence and Executive Information Systems with diverse new management reporting tools eliminating multiple analyst positions while assisting to reduce operating expense by $50 million.

Designed / implemented new corporate wide budgeting and forecasting system significantly improving previous system and understanding and control of key metrics. PRIOR HISTORY:

Previously, at First Interstate Bank as Vice President of Financial Performance Reporting, at California Federal Bank as Assistant Vice President of Finance for Consumer Banking and Information Technology divisions and at Econometric Research Group, as Senior Tax Consultant EDUCATIONAL HISTORY:

Pepperdine University, Graduate School of Business, Los Angeles California Masters of Business Administration.

State University of New York at New Paltz.

Bachelor of Science, Secondary Education

University of California at Los Angeles

Extension courses in finance and accounting



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