Mark J. Palastro, CPA

** ********* *****

Scott Township, PA 15106

412-***-****

ad3ods@r.postjobfree.com

Profile

Finance and Accounting professional with significant and diverse financial accounting and reporting and internal audit experience. Very dedicated, enthusiastic, people oriented professional with very strong technical, organizational and communication skills.

Professional Experience

Holy Family Institute January 2010 – Present

Chief Financial Officer

Directing and supervising the finance staff

Oversee cash flow, investments and asset management

Provide capital flexibility that allows for grow and investment opportunities during downturns without putting the bottom line at risk

Ensure the balance-sheet strength allows us to pursue our strategies while continuing to invest in our infrastructure and improve performance – all while protecting financial stability

Review financial statements and budget variances with appropriate management staff

Prepare analysis of the key performance indicators (dashboard) of the Corporation at a consolidated and program level

Represent the organization to financial partners, including financial institutions, foundations, auditors, etc

Review projections and variance reports with the Finance Committee and Board of Directors

Coordinate the development and monitoring of budgets

Review and execute contracts

Maintenance of appropriate internal controls and financial procedures

Coordinate audits and proper filing of tax returns

Contribute to the development of strategic goals

Designs and maintains metrics to ensure business objectives are obtained

Set goals, manage execution and measure results for programs

Unison Administrative Services September 2001 – November 2009

Director of Internal Audit

Directing and supervising the Internal Audit and Special Investigation Unit (eight direct reports) of a $900 million Medicaid HMO.

Oversee the planning and execution of financial and operational audits to include but not limited to appropriate reimbursement of procedures, identifying provider and member issues that appear to be out of the norm, assisting the external auditors, meeting and working with government agencies, coding issues and identifying contract terms inaccurately followed.

Making recommendations for the correction of unsatisfactory conditions and preparing audit reports.

Performing fraud and abuse training.

Developing data mining reports, analyzing contracts, and other special projects requested by senior management.

Oversee SOX function.

Audit efforts resulted in over $25,000,000 of cost savings or revenue generating income for the organization.

Children’s Hospital July 1997 - September 2001

Director of Finance, Children’s Community Care

Directing the entire accounting function including billing, collections, payroll, customer service, contract negotiations and budgeting for a large medical group practice that is a wholly owned subsidiary of Children’s Hospital.

Senior Auditor

Planned and conducted financial and operational audits, analyzing managed care contracts, training and supervising staff, preparing audit reports, making recommendations for the correction of unsatisfactory conditions and other special projects requested by the CFO.

Audit efforts resulted in over $2,500,000 of revenue generating income for the Hospital related to unbilled or incorrectly billed procedures, appropriate pricing of procedures, and managed care contract terms inaccurately followed.

Siemens Medical Systems June 1996 - July 1997

Financial Administrator

Analyzed the general ledger and P & L statement for significant variances from budget and prior year figures, prepare forecasts, financial reports, special analytical reports including cost analysis, and reviewing expenses on a monthly basis.

Ohio Valley General Hospital October 1991 - June 1996

Internal Auditor

Planned and conducted financial and operational audits, preparing audit reports, making recommendations for the correction of unsatisfactory conditions and other special projects requested by the President or Board of Directors.

Special projects involved negotiations of contracts, analyzing the financial statements for significant variances from budget or prior year figures and analyzing the pricing of Hospital services.

Audit efforts resulted in over $2,100,000 of annualized revenue generating or cost saving findings and recommendations for the Hospital related to unbilled or incorrectly billed procedures, appropriate pricing of procedures, contract terms inaccurately followed, investment strategies, capitation agreement analysis and implementation of new cost saving or revenue generating procedures.

USAir, Inc. July 1989 - October 1991

Senior Internal Auditor December 1984 - January 1987

Planned and conducted financial and operational audits, supervising audit assignments, preparing audit reports, assisting the external auditors and making recommendations for the correction of unsatisfactory conditions.

Trained staff auditors and maintaining an effective working relationship with operating management.

One of my major accomplishments at USAir was an audit of the self-funded health plan that indicated overcharges of as much as $3,800,000.

Spring Hill Savings and Loan May 1988 - July 1989

Auditor

Established an internal audit program that consisted of reviewing policies and procedures for all departments of the Association.

Ensured compliance with Federal and State Regulations and assisting management with special projects.

Held positions of Compliance and Security Officer along with a seat on the Asset/Liability Committee.

Federal Home Loan Bank of Pittsburgh January 1987 - May 1988

Associate Examiner

Assessed the overall safety and soundness of institutions by analyzing capital adequacy, quality of management, asset quality, earnings, liquidity, compliance with applicable regulations and evaluation of policies and procedures.

Prepared examination reports and trained and evaluated assistant examiners.

First Federal Savings and Loan of Pittsburgh June 1981 - December 1984

Senior Staff Auditor

Prepared quarterly audit report, supervised staff auditors, prepared bank reconciliation’s, reviewed the general ledger for posting discrepancies, performed surprise cash counts, and calculated share loans. Balanced bonds, travelers' checks, cash on hand, home improvement loans and mortgages.

Education, Professional Memberships & Activities

BS in BA – Accounting

Robert Morris University, Pittsburgh, PA

Successfully completed numerous continuing education courses and seminars in order to meet the requirements to retain CPA license.

Pennsylvania Institute of Certified Public Accountants

Association of Healthcare Internal Auditors

Association of Certified Fraud Examiners – Pittsburgh Chapter

Assistant Scoutmaster and Treasurer – Troop 262

Carlow University – Adjunct Faculty, Advanced Accounting I and II (2006 -2007)

Scott Township Civil Service Committee

Member of the Board of Directors of Clearview Federal Credit Union

Member of the PCCYFS Board of Directors

Member of the Rate Methodology Task Force which was convened as a result of a law passed in 2013 in which state, county and private provider members worked in a very collaborative manner to develop a proposed process that is built on accountability and transparency in the use of federal, state and local county dollars to support the delivery of services that counties choose to purchase from private providers

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