Management Accounting

Kenneth M. Kosowicz, CPA

** ****** **** • Windham, NH 03087 • 603-***-****

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

Chief Financial Officer

Chief Financial Officer possessing a financial acumen of excellence with a proven record of establishing cross-functional partnerships to deliver stellar results. A strategic leader who is known for driving the operations within the analytics and business development areas of the company. Accountable for multi-million dollar budgets and allocating resources to exceed profits and revenue goals. Particularly adept at streamlining, reorganizing and leading personnel from large organizations productively. Provided collaborative leadership in the development, implementation and procurement of all financial planning and analysis. Performance-driven in optimizing all organizational fiscal and revenue strategic development to operational excellence. A recent merger and a change in management, has placed me in a position to explore new endeavors with new opportunities.

Professional Attributes

Strategic Financial Planning & Analysis

P & L Ownership & Management

HealthCare Reimbursement Proficient

Payroll Reporting, Budgeting, Forecasting

Large Data Base Programs & Systems Mgmt

Effective Fiscal Management & Administration

Restricted, Unrestricted Funds and Grants

Control of Discretionary Costs (i.e. Contract Labor)

Fiscal & Productivity Tool Design & Execution

Contributor to Strategic Planning/Development

For Profit and Nonprofit Accounting Skilled

Search for Cost Saving &Time Efficiency Opportunities

Results-Driven Operations& Team Approach

Federal, State Cost Reports and Audits

Fiscal Accountability, Prevention of Fiscal Surprises

Identifies benchmarks, departments & individual performance

Career Highlights

Managed a $10M capital expenditure for FY 16 and presented financials to the Board of Directors and to the Finance Committee.

Replaced high-cost of contract laborers, such as electricians, plumbers, carpenters and others with employed staff saving the company of $110k annually.

Collaborated with the Director of Nursing and Sr. Vice-President to examine and eliminate excessive and unnecessary coverage by reducing nursing agency cost in half ($2.4M spend).

Created a tracking system for agency nursing through Kronos, to measure the value and cost vs. the hiring of nurses as a direct hire (W2 employee).

Established productivity targets for therapist requiring an improvement in management skills to address overlooked issues resulting in an anticipated 15% increase in productivity.

Focused on excessive overtime (+1,000 hours per week) and need for a 50% reduction thru active engagement with management team to assure the schedule and staff met operational demands and the monitoring of absenteeism which creates overtime for others.

Improved the AP system flow to eliminate redundant invoices being paid resulting in recoupments over $45k in invoices paid twice.

Developed and updated finance policies by working with the Policy Committee to remove outdated policies that no longer applied and added mission critical polices required by standards of care.

Negotiated discounts, rebates and purchases with high cost contracts and saved the company an on-going saving of over $100k annually.

Utilized various metrics for wage and expense alignments with revenue for manager awareness and decision making

Educated with extensive knowledge of various business models and services within the healthcare industry, including budget variance reporting and cost accounting principles.

Kosowicz Page 2

Professional Experience

UMass Memorial Health Care (UMMHC) Leominster, MA 12/15 - 11/16

Nonprofit and clinical partner of the University of Massachusetts Medical School and one of the largest integrated multi-specialty group medical practices on the East Coast health care system in Central and Western Massachusetts.

Controller

•Selected to direct the day-to-day accounting responsibilities of a 122-bed hospital to improve the inefficiencies and processes of the $180M annual operation.

•Executed strategic priorities through the smooth, efficient implementation and execution of all monies and operating plans while actively interfacing with managers on all financial matters

•Received training on ‘The Six Sigma Yellow Belt Lean’ that provided a comprehension of the fundamental methodologies covering the basic improvement procedures with the necessary metrics to small projects.

•Developed appropriate financial controls and accounting methods by establishing and monitoring all financial/business performance standards.

•Provided management performance reviews with useful feedback, which held people accountable and empowered them in their development.

•Recommended and implemented performance improvement initiatives by eliminating inefficient procedures with corrective actions.

•Established leads and participates in appropriate committees to assure a broad base of participation was in the decision-making process.

•Encouraged and supported diverse views and approaches, creating an environment of professionalism, respect, tolerance, civility and acceptance toward all employees, patients and visitors.

Lakeview Healthcare Systems Effingham, NH 1996 - 2015

Respected, reliable provider, dedicated to the treatment, rehabilitation, care, education and support of individuals with complex challenges achieved through effective person-centered care, efficient use of available resources & best practices.

Chief Financial Officer

Administered the day-to-day operations including, but not limited to staffing, productivity, accounts receivable/billing, documentation, compliance, contractual, regulatory standards, and expense management.

Developed for review and approval by the Executive Director and Board of Directors the annual budget, accounting, internal controls, and forecasting, auditing and physical infrastructure for the administrative systems.

Executed and financially managed the completion of contracts and grants, Represent the Agency on all financial matters before the aforementioned oversight agencies as well as numerous external business and provider organizations.

Supervised the financial staff and indirectly supervised the Agency staff in the absence of the Executive Director to ensure that internal controls were in place and in compliance with GAAP and applicable federal, state, and local regulatory laws and rules.

Accomplished three successful sales of $20 million assets championed by due diligence efforts.

Succeeded as an active participant in converting 800+ employees to a new ADP payroll system.

Facilitated successful launches that interfaced with 3rd party entity firms for private placement.

Managed a $4 million annual budget in corporate insurances and funding arrangements.

Directed the implementation of the corporate debit card rollout plan for all entities ensuring corporate compliance was met.

Reported to the Executive Director on the fiscal activities for a $55 million multi-state organization with diverse revenue sources and company structure developing and implementing action plans as needed.

Education

Southern New Hampshire University Masters in Business Administration & Finance

Manchester NH

University of New Hampshire Bachelor of Science in Environmental Conservation

Durham NH

Software: Various accounting software programs, ADP, and accounting software enhancement programs

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