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Finance Management

Location:
Brunswick, OH
Posted:
December 15, 2015

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Resume:

Michael J. Lynch

**** ***** **** *****, *********, OH 44212

(C) 440-***-****

*************@*****.***

CAREER SUMMARY

Strong corporate finance Executive with inherent abilities and proven experience to direct all aspects of financial operations. Excellent track record of team leadership and corporate growth and profitability. Controls costs and streamlines departmental functions. Manages multiple functions to attain best practices and corporate objectives. Successful background includes the following:

Finance Leadership

Mergers and Acquisitions

Project Management

Corporate Investment Activities

GAAP/STAT

NAIC MAR (Insurance SOX equivalent)

Human Resources

Claims and Policy Services

Process Improvement

Internal Auditing

PROFESSIONAL EXPERIENCE

ACCURATE GROUP, LLC 2011 – 2015

Provider of real estate transaction services to national and regional lenders. Ranked in Inc. 5000 as one of the fastest growing companies, and 48th within its division.

Chief Financial Officer/Controller

Hands on strong financial leader of $80 million organization

Increased revenue over 400% and decreased expenses 15 basis points over past four years

Expanded Accounting department as the result of large growth and instituted controls to limit risk

Team player in sale of company to new investors in 2012 and acquisition of new strategic business in 2013

Leader for annual 409a valuation, audits, taxes, banking and lender relationships, human resources and all aspects of forecasting, analysis and budgets

No audit findings nor management letter comments from independent auditors for all years

DEARBORN NATIONAL, Cleveland, OH 1998 - 2010

National provider of group life, disability, and dental insurance products and annuities. Nationally ranked 2nd for in-force groups and 13th for group life volumes in force. Rated A+ by S&P and AMBest.

Vice President and Assistant Treasurer, Fort Dearborn Life Insurance Company 2005 - 2010

Directed 90-employee administrative office. Managed financial, accounting, human resources, payroll, tax and auditing functions.

Reduced costs $1.5M and eliminated duplicate processes by leading merger of subsidiary into parent company

Managed acquisition of distribution channel that increased revenues by $2M and improved control over business in New England

Narrowed corporate focus by disposing of $1M subsidiary that was not aligned with corporate objectives.

Implemented controls to assure compliance with NAIC MAR initiative (insurance equivalent to Sox) by directing corporate audit function.

Vice President and Treasurer, Medical Life Insurance Company 2002 – 2005

Directed 90-employee subsidiary. Managed accounting, financial reporting, claims, policy services, human resources, payroll and actuarial functions.

Michael J. Lynch Page 2

Negotiated profit sharing arrangements with existing and new key agents. Increased top-line growth while creating a win/win partnership by sharing in profits.

Grew business and minimized risk exposure by entering into risk sharing contracts with reinsurance intermediaries, partnering on new product ventures and acquiring successful blocks of business.

Actively managed corporate stock and bond portfolio to optimize performance and stability while minimizing risk. Consistently outperformed market benchmarks.

Facilitated strategic planning process with C-level executives. Created long-term and tactical plans.

Director of Finance, Medical Life Insurance Company 1998 – 2002

Directed Accounting, Financial Reporting, Human Resources and Claims Departments. Assured compliance with GAAP, STAT and all other state and federal regulations.

Participated in all corporate contract negotiations and assumed lead on formalizing subsequent agreements.

Managed corporate budget and was key in streamlining business processes.

MEDICAL MUTUAL OF OHIO 1986 – 1998

Formerly Blue Cross and Blue Shield of Ohio, an Ohio mutual insurance company providing group and individual health, life, disability and dental insurance products.

Manager of Accounting, Medical Life Insurance Company 1992 – 1998

Managed daily accounting function through financial statement compilation and analysis. Led annual external audit and actuarial review. Managed annual budget and cost process including forecasting of revenues and expenses by line of business and functional area. Prepared and analyzed experience reports to determine adequate loss levels and reserves.

Played key management role in selling company to Dearborn National

Supervisor of Accounting, Medical Life Insurance Company 1991 – 1992

Financial Analyst, Blue Cross & Blue Shield of Ohio 1991

Senior Accountant, Blue Cross & Blue Shield of Ohio 1987 – 1991

Staff Accountant, Blue Cross & Blue Shield of Ohio 1986 – 1987

EDUCATION

Bachelor of Business Administration – Accounting, Cleveland State University

Certified Public Accountant - Passed all four parts during initial sitting

PROFESSIONAL DEVELOPMENT

Board of Director and Officer experience:

Accurate Group Holdings, Inc, Treasurer & Secretary, 2011 - 2015

Kidney Foundation of Ohio, BOD & Treasurer, 2001 – 2011

Mission Possible Dominican Republic, Treasurer, 2010 - 2014

Fort Dearborn Life Insurance Company, Assistant Treasurer, 2005 – 2010

Combined Services, LLC, Treasurer, 2005 – 2008

Medical Life Insurance Company, BOD & Treasurer, 1998 – 2004

Member of the Ohio Society of CPAs

FLMI – Life insurance designation, 1997



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