Steven C. Martindale, CPA
Clearwater, FL *****
email@example.com 614-***-**** linkedin.com/in/scm1040
Chief Financial Officer
Seasoned executive with solid history of success as consultant, board member, and on-staff expert in insurance, financial services, and non-profit environments. Extensive background in governance, financial analysis and reporting, external and internal audits, project management and regulatory affairs. Strong ability to build and lead teams that equal and beat established goals and expectations. Demonstrated skills in developing and executing programs and initiatives that improve operational efficiencies. Well-versed in working with investors, analysts, board directors, executive management, government leaders, regulators, reinsurers, brokers, attorneys, actuaries, information technology professionals, vendors, banks, agents, and staff.
Financial and Management Competencies
Team Building and Leadership
Staff Training and Development
Cost Analysis and Reduction
Strategic Planning and Analysis
Profit and Revenue Optimization
Process Improvements/Change Management
Program and Project Management
Cash Flow Optimization
Heritage Insurance Holdings, Inc., Clearwater, FL
Member Board of Directors, 2018-Present; Chief Financial Officer, 2016-2018
Oversaw SEC reporting; financial modeling; and communications with investors, analysts, regulators, board of directors, auditors, investment managers and rating agencies. Managed 18 staff in accounting, actuarial, and compliance areas.
Helped expand topline in-force premium from $620M to $950M in two years.
Collaborated with CEO, investment bankers, and executive team to secure debt and convertible note financing and close acquisition of $330M insurance group.
People's Trust Insurance Company, Deerfield Beach, FL
Chief Financial Officer, 2013-2016
Led controller, financial planning and analysis, and internal audit functions including nine staff. Served on executive committee. strategy planning, analyzing risk, establishing budget, developing and reporting financial models, forming banking partnerships, preparing for catastrophes, and handling investments and taxes for of $270M property insurance company. Collaborated with reinsurers, reinsurance brokers, auditors, regulators, and rating agency. Served as liaison to Florida Office of Insurance Regulation
Led focused quota share reinsurance initiative decreasing risk in highly concentrated zip codes and reducing catastrophe reinsurance expense by $15M.
Implemented new general ledger system, creating efficiencies in financial reporting and analysis.
Ohio Department of Insurance, Columbus, OH
Chief Regulatory Officer (2011 to 2013)
Managed financial analysis, financial examination, and market conduct of Office of Risk Assessment, Office of Product Regulation and Actuarial Services, and Office of Fraud, Enforcement and Licensing including. Supervised 140 staff completing successful solvent run-off of financially stressed insurance company.
Partnered with legal counsel to guide management and board of directors in designing and implementing fiscally sound windup plan.
FocusCFO, Columbus, OH
Chief Financial Officer (2008 to 2013)
Helped CEOs and owners understand and maximize cash flow, operations, accounting, and revenue processes.
Optimized scheduling of personnel for client company, reducing overtime and overall payroll costs by 20%.
Rector & Associates, Inc. Roanoke, VA
Regulatory Consultant (2009 to 2011)
Guided treasury, cash management, regulatory accounting and investment accounting issues.
Served on receivership team successfully preparing for sale of Shenandoah Life Insurance Company.
ProCentury Corporation, Westerville, OH
Vice President, Corporate Compliance (2005 to 2008)
Directed development of enterprise risk assessment, management, and reporting process and internal audit function. Analyzed and presented risk data for strategic and internal audit planning. Collaborated with audit committee, external auditors, rating agencies and regulators.
Oversaw outside consultants and chose critical controls, resulting in reduction of Sarbanes-Oxley compliance implementation costs of $1.5M, 60% below average for similar size companies.
Lowered compliance expenses by 60% and 25% in Years 2 and 3 through enhanced training and system implementations.
Additional professional experience as Chief Financial Analyst for Ohio Department of Insurance, Accounting Division Manager for Nationwide Insurance; Audit Manager for KPMG, Property/Casualty Accounting Manager for Motorists/American Hardware Insurance Group, all in Columbus, OH
Education and Credentials
Bachelor of Arts in Accounting and Business Administration, Otterbein College, Otterbein, OH
Licensed Ohio CPA
Member, American Institute of Certified Public Accountants and Ohio Society of Certified Public Accountants
Presenter for Insurance Accounting and Systems Association, E&Y Insurance Roundtable, and Federal Reserve Bank educational seminars