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Chief Financial Officer

Location:
Oklahoma City, OK, 73106
Salary:
$200,000 + bonus
Posted:
January 22, 2024

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Resume:

DOUGLAS C. HARRISON

CHIEF FINANCIAL OFFICER

www.linkedin.com/in/douglasharrison 817-***-**** ad2zt6@r.postjobfree.com Highly accomplished executive with management achievement improving operational efficiencies for corporate, privately held, and entrepreneurial ventures across industry boundaries. Financial manager and process improvement expert with solid track-record of reducing costs while increasing quality. Strong ethical and inspiring leader whose belief in transparency and accountability has attracted and developed high-performance executives and senior managers.

Financial Management Strategic Planning Cash Management Financial Planning & Analysis Servant Leadership Process Improvement Entrepreneurship Staff Development Risk Management Budgeting & Forecasting Financial Presentations Coaching & Mentoring PROFESSIONAL EXPERIENCE

LIFESPRING HOME CARE AND HOSPICE, Norman, Oklahoma 2020 - present Multi-state healthcare organization providing home health, hospice, therapy, and personal services in the Oklahoma and Texas area as well as franchises in Florida, Texas, Colorado and Pennsylvania Chief Financial Officer (CFO): Manage all finance, accounting, revenue cycle and admissions functions

Doubled Net Income to $5M by focusing on increasing Medicare in the revenue mix

Lead acquisition for new Colorado enterprise and turned profitable in first year of operation

Increased Texas profitability from a $0.2M loss to a profit over $1.1M in one year

Improved overall Return on Equity from 15% in 2021 to 21% YTD 2022

Improved YTD 2022 cash flow $2.6M by improvement in net income, early retirement of debt and improvements to revenue cycle resulting in a reduction in DSO from 103 to 75 days CHRISTIAN CARE CENTERS, INC., Mesquite, Texas 2015 - 2020 Multi-site healthcare organization providing post-acute skilled nursing, home health, hospice, therapy, independent living, assisted living, memory care, and companion services in the DFW area Chief Financial Officer (CFO/COO): Managed all finance, accounting, operations, legal, Compliance, HR and IT functions. Developed financial policies and procedures including charts of accounts, P&L, A/R & A/P, credit card, and cash flow management to meet all GAAP requirements.

Improved operating performance 34% through strategy requiring all business units to generate a 10% net margin at 92% occupancy

Reduced dependency on government funding from 34% to 19% while increasing overall revenue 11%

Improved labor expenses 17% by deploying payment portal for residents and family members aligning the financial operations including AR and AP in a shared services environment

Saved over $300K annually in interest expense by refinancing a $26M bond issue

Improved cash flow by reducing accounts receivables days by 19% or 6 days

Created monthly forecast model predicting monthly net income, cash flow, days cash and debt service coverage ratio through the year

Redesigned the budget process to include a 5-year view while reducing the time required, shifted the focus to more strategic discussion with the business unit leaders Douglas C. Harrison Page 2

FAMILY LEGACY MISSIONS INTERNATIONAL, Irving, Texas 2012-2015 International organization providing education and health care to 15,000 orphaned and vulnerable children in Zambia

Chief Financial Officer (CFO/COO): Managed all finance, accounting, operations, compliance, HR, IT and administrative functions including all sponsorship and Zambian operations with 45 American and over 500 Zambian staff.

Managed a 40% compound annual revenue growth while maintaining 94% operational expense ratio

Increased sponsorship conversions rates from 51% to 100% over three years

Reduced sponsorship loss rate below 4% per annum

Deployed payment portal virtually eliminating manual check processing and significantly improving the cash conversion cycle

Led the first annual external audit receiving unmodified opinion in that year and every year thereafter TRINITY REAL ESTATE SOLUTIONS, Dallas, Texas 2003-2012 Privately held national vendor management company providing B2B specialty inspections for mortgage and construction lenders

Chief Financial Officer (CFO/COO): Co-founded new venture. Managed all operational and financial activities including HR, IT, Tax and Compliance with 45 full time employees and 16,000+ contract employees.

Designed diversification strategy to roll out over 40 new services spanning six industries enabling the company to respond to rapidly changing market conditions

Changed the entire industry by deploying the first web-based inspection and photo process reducing turn-around times from 2 weeks to under 2 seconds

Increased NIBT 1500% by reducing vendor cost from 53% to 47% of revenue

Reduced minutes per order from 28 to 12hrough by developing metric reporting system

Developed new business model to take business process platform from 5,000 to over 50,000 orders per month

2008 Inc. 5000 Award

2007 Dallas 100 Award - One of the fastest-growing privately held companies in Dallas. Ranked #76.

2006 Dallas 100 Award - One of the fastest-growing privately held companies in Dallas. Ranked #20.

2005 Christian Business Leadership Award - The CEO Institute & Dallas Baptist University

2004 Best Places to Work in Dallas/Fort Worth - Small Business Category Dallas Business Journal BANK OF AMERICA, Plano, Texas 2002-2003

First Vice President, Performance Management Group SPRINT, Dallas, Texas 2001-2002

Group Manager, Finance, Small Business Division:

CITIGROUP, Irving, Texas 1997-2001

PeopleSoft ERP Implementation Project Manager

AIR PRODUCTS & CHEMICALS, Allentown, Pennsylvania 1995-1997 Regional Controller, Electronics Division

HERCULES, Wilmington, Delaware & McGregor, Texas 1989-1995 Financial, Pricing and International Treasury Analyst EDUCATION

BAYLOR UNIVERSITY, Waco, Texas 1988

MBA, Finance

BAYLOR UNIVERSITY, Waco, Texas 1986

BBA, Marketing & International Management



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