John D. Barrett

Cell: 772-***-**** acxp12@r.postjobfree.com

PROFILE: CFO

Expertise in driving profitability, growth, revenues, value, and competitive position.

Summary: Seasoned finance and operations executive with over 18 years of comprehensive experience leading organizations to new heights in profitability, productivity, and market share; holds an MBA and a BA in Business Management. Record of accomplishment includes transforming small businesses and startups into profitable enterprises, devising business strategies that significantly boost revenues, reducing production costs to solidify market position, increasing profit margins by identifying unique market niches, slashing cycle time for accounts receivable, and spearheading successful acquisitions and sales. Significant experience in IRS, DOL, DOR, GAAP, CPA audits, quality control, all IT functions including application development/integration and Human Resources. Works closely with Shareholders, Boards of Directors, Officers, tax professionals, attorneys, and vendors.

CORE COMPETENCIES INCLUDE:

Strategic Business Planning & Leadership Financial Management & Analysis KPI Financial Statements Financial Reporting Internal Controls Mergers & Acquisitions Audits Benefits & Compensation Operations Management Project Management Restructuring Policy Development Risk Management Strategic Sourcing Recruiting Joint Ventures Startups & Turnarounds IT Strategy Application & E-Commerce Development Complete Healthcare Revenue Cycle Management Including Contracting and Enrollment.

INDUSTRY EXPERIENCE:

Healthcare Services 16 years experience.

Technology; Software Retail Sales, SAAS, E-Commerce 16 years experience.

Insurance Products and Services; Both Brokerage And Agency 7 years experience.

Real Estate; Both Residential and Commercial 7 years experience.

Transportation 2 years.

RELATED EXPERIENCE & ACHIEVEMENTS

GABOR INSURANCE SERVICES, INC., 7/2014 – 7/2016

CFO / COO

Gabor Insurance Services, Inc. is a leading regional insurance brokerage firm providing a wide range of insurance products in the Southeast with 4 offices; multi-million dollars in net annual revenue and 40+ employees.

Work closely with the Chairman of the Board and division presidents in the management of Operations, Finance, IT, Human Resources and Compliance.

Professional Accomplishments:

Participated in the successful sale of the company to a larger corporation for an above average multiple of EBITDA sales price.

Some of the many financial accomplishments include the improvement of financial measurement & reporting, budgeting, expense reduction, and cost controls. This involved the restructuring of the accounting system setup, chart of accounts, classes, departments, categories, and the creation of accounting profiles for accounting staff. Also created accounting system of checks and balances to ensure financial quality control.

Oversaw all federal, state, local, surplus lines tax filings as well as year-end outside CPA Consolidated Financial Statement Review.

Reduced expenses that directly added 15% to EBITDA by outsourcing key products.

Significantly reduced bad debt to almost $0 through consistent key reporting.

Improved Accounts Receivable by 5-10 days through periodic review and improved reporting.

Improved operation structure for more efficiency and better process flow in all lines of business.

Successfully reworked data migration for improved efficiency and less errors.

Lead the outside development of a new company website with an updated mobile friendly online rating product. This new online rating product improved client satisfaction that lead to an increase in sales, improved efficiency, and a significantly reducing expense. We aligned the new site and structure to coincide with ongoing marketing efforts.

Developed and instituted a complete office and systems contingency plan. System included data backup with server virtualization with hybrid use capabilities and a written catastrophe plan.

Ensured that Human Resources policies complied with all local, state, and federal government regulations.

Improved health and supplemental insurance with expanded benefits and reduced cost.

Lead the transition of 401k plan from traditional into a Safe Harbor plan.

Created and implemented OFAC and FATCA compliance process and system.

Assisted in policy & coverage audits for surplus lines carriers and legal compliance.

REGIONAL MEDICAL RESOURCES, INC. (RMR), 5/2006 – 5/2014

CFO / VP / Partner

Regional Medical Resources, Inc. is a leading medical receivables service and technology firm in the U.S. with 4 offices located in Florida, Mississippi, and New York; multi-million dollars in annual revenue and 27 employees.

Cofounded and built the company from a startup to a thriving, profitable enterprise. Due to the company’s commercial success, an attractive bid for my stake in the company was accepted. Directed 100% of financial management while serving as VP and Partner. Developed financial processes and reporting techniques that produce consistent, higher-than-average revenue growth and EBITDA. Accountable for establishing pricing targets and expense controls, collaborating with outside tax professionals to complete tax projections and filings, and instituting a trust accounting framework for collections. Oversees a multi-million dollar annual operating budget. Managed 7 direct reports, comprised of 3 Branch Managers, 3 IT Data Processors/Accounting Staff, 1 Senior Programmer, and indirectly manages 21 support staff.

Professional Accomplishments:

Solely built a complete financial structure composed of Accounting Structure, a Financial and Reporting Structure with P&L, balance sheet, cash flow, and a Budget Structure. The Budget Structure provided a mechanism for periodic review of financial performance by department heads.

Grew revenues from zero to $1M+ in 1 year, and from $1M to multi-millions in the next 7 years. Devised a business strategy for creating a unique software process that enabled more efficient and effective data loading and data mining.

Improved collections while lowering client costs and workload; expanded service capabilities through improved processes and software.

Created a financial model that provided continuous positive cash flow and steady reinvestment of capital, avoiding long-term liability.

Boosted revenues from $120K to $180K per year by licensing the company as a bad debt collections company with a DBA.

Slashed payroll costs 50% for each full-time employee by developing and establishing successful offshore outsourcing services processes that moved coding, data entry, and account follow-up offshore.

Increased profit margins 25%+ by co-leading teams that developed proprietary in-house software packages. These applications included a data loader and maintenance program, a front office integrated program, and a medical billing program. These software packages were intended for internal use only, but market demand created a unique niche that resulted in winning multiple software licensing contracts.

Solidified the company’s position in the market by reducing production costs so the company could charge lower than average fees for the industry. Instituted efficient operational processes that resulted in higher rates of productivity.

Maximized revenues from clients by holding periodic client performance reviews; conducted client’s needs assessments to detect potential issues.

Ensured that Human Resources policies complied with all local, state, and federal government regulations.

Created and instituted all Human Resources processes and workflows that included the new hire package, non-compete and privacy forms, handbooks, and work processes.

Established all hiring practices and salary structures by aligning salary ranges with job duties. These became the salary guidelines used by hiring managers.

medical data systems, inc. (mds), 10/1997 – 5/2006

Corporate Controller / Operations Executive Team Member / HR Director

Medical Data Systems, Inc. is a premier supplier of medical receivables services in the U.S.; 12 branch locations and 600+ employees; tens of millions of dollars in annual revenues.

Oversaw every aspect of financial operations; reported to the President and Executive VP. Charged with directing Human Resources, Telecommunications functions, and assisting in Operations. Developed an accounting system and process for budgeting and measuring financial performance. Key member of the team that designed and built new offices, and expanded existing offices. Accountable for restructuring and converting accounting systems, creating budgetary and financial reporting systems, and converting outsourced payroll / leasing to an in-house payroll framework. Managed 10 direct reports and numerous indirect staff.

Professional Accomplishments:

Key member of the executive team who grew revenues 1000%; established financial and operational processes that were efficient and conducive to growth and profitability.

Increased EBITDA margin 20%+ by amending operational structures and processes. This resulted in more efficient collections and reduced employee costs.

Reduced cycle time for accounts receivable by 20 days to improve cash flow. Identified what clients needed to make earlier payments and devised an account monitoring process to flag accounts before they became past due.

Created effective accounting control methods to keep financials aligned with budgets in real-time.

Worked with outside accounting firms to complete all taxes and certify financial reports; ensured compliance with GAAP standards.

Managed $80M+ trust fund accounting system.

Boosted annual revenues by $1M+ through the successful acquisition and integration of 2 service companies.

Co-led the $500K+ project to develop proprietary software for operations in-house and integrate that software with the accounting system; the project was completed ahead of schedule.

Reduced in-house fraud by establishing a branch-auditing system of checks and balances.

Instrumental in the creation of new revenue streams that increased revenues by $5M+ and diversified the client base. Established the Extended Business Office (EBO) service which was a partial billing and collection service.

Participated in the startup, relocation, and expansion of all branch locations and the corporate office; all projects were completed on or under budget and ahead of schedule.

Built an effective Human Resources Department by recruiting an excellent staff, establishing a cooperative and productive culture, devising and instituting corporate HR policies, and authoring a Manager Handbook.

Created a Human Resources Package that included Exempt and Nonexempt Handbooks, New Hire Forms, Health and Supplemental Insurance Benefits, and 401K Retirement Benefits.

EDUCATION

Master of Business Administration (MBA), Regis University

Bachelor of Arts Degree in Business Management, Saint Leo University,

COMPUTER SKILLS

Advanced computer and technology user who is adept with: Microsoft Office, QuickBooks, AIM, ADP, Report Smith, Crystal Reports, LAN/WAN Networks, IP Structure, FTP, Terminal Services, Digital Communications Systems

Experience guiding development in LAN/WAN applications and web-based e-commerce programs.

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