DARNELL P. BENNETT
Henderson, Nevada 89015
SUMMARY: Financial/accounting executive with significant experience in internal and external reporting, operating reviews and analysis, consolidations, financial statements preparation, SEC reporting, budgeting, forecasting, policies and procedures and staff supervision.
12/12 – 12/15 HEALTH DATA INSIGHTS LAS VEGAS, NV
MANAGER ACCOUNTS RECEIVABLE
Implemented new processes for invoicing 16 clients on a monthly basis which resulted in reducing receivables outstanding more than 180 days by 60%.
Created template for invoice automation.
Work closely with account managers to highlight and resolve operational issues affecting accounts receivable.
1/11 – 3/12 HORIZON SPECIALTY HOSPITAL LAS VEGAS, NV
DIRECTOR OF FINANCIAL OPERATIONS
Managed the financial activities of the facility including admissions, accounts payable, payroll, accounts receivables, purchasing, budgeting and financial reporting.
Through audits and new procedures reduced receivables by 30% in 6 months from 95 to 65 days outstanding.
Created templates to track outside services, rental equipment and therapy charges.
Proposed and received management’s approval on a detailed market adjustment for the facility’s RNs which led to the elimination of registry expense and a 95% reduction in overtime resulting in improved patient care and increased operating profit.
8/08 – 7/09 KINDRED HOSPITAL, FLAMINGO LAS VEGAS, NV
Directed the financial services for this 142 bed hospital which included long-term acute, sub-acute and outpatient operations. Responsible for month end closing, the preparation of monthly, quarterly and annual financial reports, budgeting, and bi-monthly forecasts. Supervised accounts payable, payroll, billing and collections. Reviewed managed care contracts to ensure proper revenue recognition. Prepared and post journal entries, cash collections, maintained patient accounting and balance sheet account reconciliations.
3/04 – 5/08 NEVADA STATE VETERANS HOME LAS VEGAS, NV
Responsible for all support services, accounting, payroll, information technology, contracts, housekeeping, food services and facility maintenance. Prepared monthly, quarterly and annual financial reports, budgets, forecast and supervised the Business Office staff. Served as Chairman of the Efficiency Committee assisting in the formulation and writing, of new agency wide policies and procedures.
Implemented procedures which resulted in reducing receivables outstanding more than 30 days from $1.3 million to $ .2 million.
Coordinated staff training on the Agency’s new billing system.
Guided the Agency through the cleanest audit in its six-year history with only 5 audit comments, down from 18.
Created the Agency’s first formal monthly and quarterly reporting packages.
7/00 – 3/04 CONSULTANT NEW YORK, NY
10/01 – 11/03 AMERICAN TISSUE CORP.
Primarily responsible for preparation of the company’s monthly consolidated financial statements and operating reports. Worked closely with the court appointed advisors on various special projects including insolvency, financial reporting issues in connection with court ordered discoveries, lawsuits and responses to SEC and FBI inquiries.
5/01 – 9/01 KNITMEDIA, INC
Responsible for all day to day accounting activities, payroll, accounts payable, month- end closing, and financial statement preparation.
1997 – June 2000 FOOD NETWORK NEW YORK, NY
Responsible for all areas of financial reporting including budgeting, forecasting, month-end closings, financial statement preparation and supervising a staff of ten; which included the general ledger accountants, accounts receivable and credit, payroll and accounts payable. Additional responsibilities included working with the outside auditors and the implementation of internal controls and policies and procedures.
Streamlined the monthly closing process resulting in a 25% reduction in hours worked.
Provided much needed leadership and direction for the Finance department, which had experienced a 140% turnover in one year. Rate was reduced to 10%.
Guided the company through the cleanest audit in its five-year history with only two audit comments (down from 22 the previous year).
Created the company’s first formal budgeting and forecasting systems.
Created and implemented account reconciliation and analyses templates.
Coordinated the transition of the finance department to Knoxville, Tennessee.
1978 – 1995 REVLON, INC. NEW YORK, NY
1994 – 1995 CONTROLLER - REVLON HOLDINGS, INC.,
Responsible for all financial reporting, budgeting, forecasting, cash flow planning, and reporting monthly and quarterly result of the division.
Developed computerized financial summary package for monthly operating review meetings with senior management.
Improved controls over expenses being charged to the division
Resolved major financial issues which were outstanding for more than a year.
1993 – 1994 CONTROLLER - REVLON LICENSING DIVISION
Responsible for the financial reporting of this newly created division of Revlon including budgeting, royalty forecasting, expense control and reviewing financials of potential licensees.
Developed computerized tracking system to monitor and evaluate licenses, control expenses and to track royalty income.
Participated in writing various financial clauses into contracts
1983 – 1993 DIRECTOR - FINANCIAL REPORTING
Responsible for the preparation of Revlon’s consolidated financial statements, review
and analysis of the monthly and quarterly reporting packages, reporting to the SEC on
Forms 10-Q and 10-K, preparation of footnotes to the annual report and supervision of
the external reporting group.
Spearheaded the implementation of all FASB as they applied to the company.
Designed and implemented the company’s worldwide “Pro-forma Reporting Package”.
Developed and assisted in the control of major efforts directed at restructuring the domestic and international business activities.
Liaison with outside auditors.
EDUCATION: Pace University, BBA - Accounting 1974