Mark E. Oleksik, CPA (in-active), MBA
Widely experienced Finance and Administration Executive who navigates companies through complex internal and external challenges by making finance work to the organization’s advantage. Adept at “finding money on the table” and driving strategies that optimize potential, while minimizing risk. Expertise in accounting and finance, human resource management, systems development and implementation, and mergers, acquisitions, divestitures and turnarounds. Proven leadership, team building and problem-solving skills in both administrative and financial management functions. Facilitator of measurable, sustainable results for range of corporate issues and circumstances.
M&A Transactions – Worked every aspect of mergers, acquisitions and divestitures, including due diligence, contract negotiation, statutory filings, pro-forma financials and post-merger integration.
Company Repositioning – Developed a pre-packaged Chapter 11 bankruptcy strategy and plan for transition to a servicing entity for Centrix Financial LLC.
Operational Efficiency – Reduced DSO from fifteen days to six and drove efficiencies and cost savings for UnitedHealthcare’s Florida operations.
Turnarounds – Reversed losses, positioned and sold In-Store Broadcasting Network, LLC.
Expertise that Drives Financial and Corporate Success
Financial Management and Analysis
Mergers and Acquisitions
GAAP and STAT
Billing and Collections
Enabling Business Performance through Finance Strategies
CONTROLLER, Denver, CO
DENVER AGENCY COMPANY
Specialty insuance broker. 2016 - 2019
Assessed key financial and operational issues, designed solutions and implemented practices that improved business results.
Established the monthly reporting process, entailing variance analyses and monthly updated full year forecasts.
Built a strategy to address the company’s unbooked ESOP obligations, eftover from the prior set of owners.
Identified duplicate payments made to insurance carriers by my predecessor totaling over $115,000 and fully recovered those funds.
Aligned the various employee benefit plans to the same plan year to ensure that the annual Open Enrollment Process was more efficient and effective, including generating cost savings.
Realigned the Licensing process to tee-up outsourcing this function on a cost-effective basis.
Redesigned the company’s PTO accounting process, to more effectively report individual status under the company’s PTO Policy & Procedures.
BUSINESS MANAGER, Denver, CO
BLESSED SACRAMENT PARISH 2013 – 2016
Accouting, Risk Management, HR, Payroll and Property Maintenance responsibilities
Coached parish staff to support improved business and organizational performance, while addressing financial issues stemmimg from legacy debt incurred by the parish.
In concert with Fr. Chris Hellstrom, developed and implemented agreements with the Archdiocese for the repayment of legacy debt. Was informed in the last few months that Blessed Sacrament is now debt free.
Developed practices to significantly improve the collection of tuition for the school.
Improved accounting practices to have the annual audit score move from “high risk” to “low risk”.
Addressed maintenance issues, including boiler test approvals and carpet repair work in the classrooms, floor cleaning, window repair and cleaning to ensure that all classrooms met the bsic standards for occupancy.
BUSINESS CONSULTANT 2013 – 2016
Management advisory services for turnarounds and distressed companies.
Assess key financial and operational issues, design solutions and implement practices that improve business results. Equip and train key personnel in managing the business and maximizing profitability. Review and audit books, identify areas of vulnerability in accounting practices, and recommend strategies to strengthen financial position. Coach senior leadership in implementing behavioral change to support improved business and organizational performance.
Enabled an industrial services company to monetize $1M in existing receivables and provided revised approach to collections that has dramatically improved cash flow.
Training senior leadership of construction materials company to better manage accounting process specific to job costing and quotes designed to increase bottom line by more than $1M over next three years.
Established policies and procedures for a non-profit organization while cleaning-up / restating over five years of accounting mispostings and mistakes thus providing corrected actionable information aimed at growing the organization.
CHIEF FINANCIAL OFFICER, Salt Lake City, UT and New York, NY 2009 – 2012
TALOS PARTNERS, LLC – Independent merchant bank with focus on structured financing and strategic equity investments.
As a member of the Talos operations committee, responsible for overall financial activities of the company. Concurrently served as president and CFO of InStore Broadcasting Network LLC (IBN), and CFO of InTouch LLC and Personalized Medicine LLC, Talos portfolio companies, that provide services to retail and healthcare markets. Provided strategic and organizational support and structure to facilitate the respective business plans for each company.
Created legal entities, and established accounting and financial procedures and organizational structure for InTouch and Personalized Medicine.
Brought current all retailer service agreements with terms favorable to IBN.
Increased quarterly YOY sales by $1.3M, from $1.9M to 3.2M for IBN.
Diagnosed IT function as part of re-establishing this mission-critical element of IBN business.
Managed due diligence and ultimate documentation in connection with $12M sale of IBN.
EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, Centennial, CO 2007 – 2009
FLATIRON FINANCIAL SERVICES INC. – Third-party servicer of automobile loans.
Hand selected by owners as member of four-person management team to implement discipline, structure and strategy to strengthen owner confidence upon buying distressed assets. Assessed and improved financial and operational processes. Established financial management strategies for company growth and exit plan by owners.
Re-established accounting function, completed opening balance sheet audit, and issued SAS # 70 Type II audit reports.
Improved the treasury function, including enhancing the company’s banking relationships.
Redesigned the company’s employee benefits plans, enhancing benefits with no increase in cost.
Strengthened company’s insurance and claims management functions.
Strategically sold assets using the proceeds to reduce opening debt balance by $11M.
Streamlined workflow documentation across disciplines to enhance controls.
VICE PRESIDENT AND CONTROLLER, Centennial, CO 2005 – 2007
CENTRIX FINANCIAL, LLC – Loan originator and servicer in the special auto finance market.
Accounting department was poorly managed; company had letter from auditors warning of internal control weaknesses. Recruited to oversee company’s accounting, reporting and treasury management, and to address accounting deficiencies. Shortly after arrival regulatory agency for company’s largest portfolio of customers disallowed Centrix’s lending relationship.
Rebuilt company controls, leading to clean opinion letter from auditors.
Secured working capital and $60M cash funding commitment.
DIRECTOR OF PROGRAM BUSINESS ACCOUNTING, Liberty Corner, NJ 2002 – 2005
EVEREST NATIONAL INSURANCE COMPANY – A subsidiary of Everest Re Group, Ltd., a world leader in property and casualty reinsurance and insurance with revenues of $5B.
Oversaw 18 active program administrators and more than twelve TPAs, with total written premiums exceeding $1B. Performed due diligence on new programs with results directly impacting the terms and conditions of the final contract for each.
Improved financial controls surrounding program business accounting; developed workflows for Sarbanes-Oxley documentation; enhanced audit process for all program business.
SENIOR FINANCIAL OFFICER, CONTROLLER AND CHIEF ACCOUNTING OFFICER, Dublin, Ireland 2000 – 2002
ESG RE LIMITED – Specialty reinsurer providing traditional reinsurance, insurance products, and insurance product marketing and development services to insurers and financial institutions worldwide with revenues of $200M.
Managed financial activities with emphasis on accounting, treasury, actuarial and internal audit functions. Built budgeting and management reporting processes.
Brought current all statutory and tax filings for 26 subsidiaries operating in twelve countries.
Managed the relationship with credit rating agencies and affected a rating’s increase from B+ with negative outlook to BB+ with stable outlook.
As part of senior management team, helped turn around and lead company back to profitability.
DIRECTOR OF ADMINISTRATIVE SERVICES, Lake Mary, FL 1998 – 2000
UNITEDHEALTH GROUP – Provider of managed care, healthcare management, and cost containment products and services with revenues of $17B.
Responsible for the billing, enrollment and claims functions for Florida health plans with eight million members and $1B in revenue.
Improved billing and enrollment service centers; led consolidation of out-of-state service centers to drive efficiencies and cost savings.
SENIOR VICE PRESIDENT AND REGIONAL DIRECTOR, Atlanta, GA 1995 – 1997
ALEXSIS INC. – $100M subsidiary of CNA providing third party claims administration services.
Managed operations of seven offices in six states with 220 employees and revenues of $20M.
Rebuilt sales, service and claims staffs significantly improving communications, productivity, morale and quality. Developed and implemented formal transition guide for changeover to new claims system; directed the development and implementation of stewardship program eliminating numerous “accounts in jeopardy” and pushed account retention ratio to over 90%.
Participted in the divestiture of the company when sold to CNA.
SENIOR VICE PRESIDENT AND FINANCE DIRECTOR, A&A INTERNATIONAL INC.,
New York, NY and Baltimore, MD 1991 – 1995
ALEXANDER & ALEXANDER SERVICES INC. – international risk management consulting and insurance brokering organization with operations in over 80 countries and revenues of $1.3B.
Senior financial officer and a member of the executive and operations committees overseeing financial matters of the worldwide retail insurance brokering organization with consolidated revenues of $900M.
Established a $45M equity presence in Mexico and Korea; deployed initiatives achieving $60M in savings; supported over 200 acquisitions and expansion to international footprint; reorganized company and divested multiple underwriting companies; implemented long-term incentive program for senior management; developed operating plans and budgets.
Prior Positions as Vice President and Assistant to CFO, Controller, Chief Accounting Officer, Assistant Controller and Various Accounting Roles
Education and Professional Associations
MBA, Loyola College, Baltimore, MD
BS in Accounting, University of Maryland, College Park, MD
Member of the American Institute of Certified Public Accountants