Real Estate Financial Planning

Edmund F. McGowan Media, PA ***** Mobile: 610-***-****

E-mail: ad7mz0@r.postjobfree.com http://www.linkedin.com/in/edmundmcgowan

Versatile Proactive Finance Leader

Proven track record, analyzing financial trends & improving operating performance

Hands on collaborative team builder with a track record of demonstrated leadership, excellent analytical, interpersonal, and communication skills in for-profit and non-profit organizations.

Financial Planning & Analysis

Tactical & Strategic Planning

Leading / Managing Cross Functional Activities

Expertise in Forecasting, Budgeting and KPIs

Partner with Business Leaders, Providing Insight into Drivers of Revenue, Risks, and Opportunities

Project Management experience

Targeted Financial Reporting

Continuous Improvement focus

Lead Real Estate Office Expansions

Key Successes

Spearheaded operational changes via astute controllership resulted in savings of > $25MM.

Designed and implemented labor management staffing and reporting tools utilizing KPI benchmarks; saved $2.4MM across two divisions; rolled-out company-wide.

Designed and implemented medical supply ordering tool; saved $1.9MM using teams across divisions. Co-authored training and implemented as a “fast-track” improvement tool across company.

Championed divisional CQI process programs; reduced operating costs by $4.3MM.

Awarded 1997 Trans Union Presidential Award of Excellence for identifying and decreasing controllable expenses; saved $2.2MM annually. Reduced outstanding A/R to 34 days.

Designed and implemented multiple business plans for new or expanding real estate office/clinic space.

Slashed accounts receivable delinquency by 84% and bad debt expense by $1.1MM.

Managed conversion and implementation of ERP software platform to SAP.

TECHNOLOGY & COMPUTER SKILLS

Power user in Microsoft Office Suite: Excel, Word, PowerPoint, Access and Outlook, SAP, Oracle, Hyperion Reporting and Planning, Smartview/Essbase, Lawson, PeopleSoft, Allscripts, KRONOS, Epic, OnBase, Discoverer and QuickBooks.

PROFESSIONAL EXPERIENCE

Crozer Keystone Health System, Upland, PA 2022-Present

Manager of Financial Planning and Analysis (FP&A)

Spearheads the development and implementation of financial and operational reporting and analytic tools and systems in collaboration with Corporate Financial Reporting team, including leading the forecasting and budgeting process; providing analytic insight into operational variances; and helping drive company performance through the development of strategic partnerships with our operational executive teams.

Leads the annual budgeting, and monthly actual and forecasting analytics for the financial team.

Conduct financial analysis, modeling, forecasting, and reporting efforts to ensure efficient financial reporting and operations, including Crozer’s Taylor Rehabilitation long-term facility,

Manage the compiling, accuracy, and efficient distribution of daily and monthly statistics of key metrics (KPI’s).

Manages and monitors the completion, accuracy of budget variance analysis and the Monthly and YTD Bridge analysis, including authoring the CFO’s Summary of monthly results.

Manages the reporting for hospital Cost Reporting and 340B Pharmacy program.

Action Wellness, Philadelphia, PA 2021-2022

Director of Finance

Manages all aspects of financial management and financial reporting at Action Wellness. Ensures that Action Wellness complies with financially related regulatory agencies.

Direct all finance/accounting department and all related activities including monthly closing, payroll, accounts payable, accounts receivable, third-party fee for service medical billing to insurers, and 340B Pharmacy program.

Manage contracts and monitor monthly and quarterly statistical reports and budgets.

Manage Accounts Receivable (including billing and invoices), and cash.

Maintain accurate general ledger and all pertinent financial records and systems.

Prepare and publish financial statements and other management reports for the Board of Directors, the Finance committee, and Management Team.

Lead the annual budget process and provide budget reporting throughout the year.

Coordinating with other personnel as appropriate, evaluate and maintain appropriate insurance, benefit packages, leases, and other financially related contracts.

Ensure that the organization meets tax and regulatory reporting requirements.

Work with independent auditors to complete annual audit in a timely manner.

Liaison to organization's financial institutions and auditors.

Staff to the finance committee of the board of directors and Finance committee.

Jefferson Healthcare, Philadelphia, PA 2018-2021

Director, Financial Planning & Analysis (FP&A), Jefferson Medical Group 2020-2021

Manager, Financial Planning & Analysis (FP&A), Jefferson Medical Group 2018-2020

Direct financial planning and data analytics functions for Jefferson’s physician practice groups covering Center City Philadelphia, New Jersey, and Northern suburban practice groups; responsible for revenues of $700M.

Providing financial leadership to the Senior VP/Chief Medical Officer and Senior VP of Operations, CFO and Regional Managers to team up to solve operational and financial challenges and champion business initiatives, including financial analysis and modeling. Proactive partner with Operations to optimize revenue and profit results.

Overhauled budgeting process and prepared and presented FY20 annual operating and capital budgets for two divisions with over 100 cost centers, including physician services at six long-term care facilities, to senior management within a two-month time constraint.

Created financial reporting and analysis dashboards for 20 different physician specialty groups including financial and operational KPIs to include Weekly Visit dashboard of productivity of providers (wRVUs) that was adopted across the Jefferson entities, charges and cash collections, financial analyses, and detailed variance analyses. Monthly presentations of financial analysis to Senior VPs and CEO of Jefferson North.

Established timely reporting schedule for management and physician partners, including trended revenue analysis, variance analysis, ad hoc reporting, and tracking of strategic initiatives.

Created strategic planning and business development tools utilizing benchmark data to evaluate downstream revenue analyses and developed Proforma analyses of new ventures and faculty hires, renewals and start up proposals.

Partnered in system conversion from Allscripts to PeopleSoft financial reporting and budgeting systems.

Drexel University, College of Medicine, Philadelphia, PA 2017-2018

Director, Financial Operations, Department of Medicine

Direct and maintain all financial planning and data analytics functions for the Department of Medicine and related physician practice group; responsible for revenues of $225M.

Provide financial leadership to the Chair of the Department of Medicine, Vice Chair and Division Chiefs, Director of Operations and DUP Senior level Administration to solve operational and financial challenges and champion business initiatives, including financial analysis and modeling.

Developed budgeting process and prepared and presented FY18 and FY19 annual operating and capital budgets for over 40 cost centers to senior management within a one-month time constraint.

Created financial reporting and analysis dashboards for 20 different physician specialty groups including financial and operational KPIs to include productivity of faculty (wRVUs), charges and cash collections, financial analyses and variance analyses. Monthly presentations of financial analysis to Chair and Division Chiefs.

Created strategic planning and business development tools utilizing benchmark data to evaluate downstream revenue analyses and reduced and developed Proforma analyses of new ventures and faculty hires, renewals and start up proposals.

Saint Christopher’s Hospital for Children, Philadelphia, PA 2014-2017

Manager, Financial Planning & Analysis (FP&A)

Managed financial planning and analysis functions for physician practice group; responsible for revenues of $250M.

Ensured timely reporting and informed decision-making by establishing processes for managing business planning, annual budgeting, joint venture accounting and reporting, and quarterly rolling forecasts.

Established timely reporting schedule for management and physician partners, including trended revenue analysis, variance analysis, ad hoc reporting, and tracking of strategic initiatives.

Created financial analysis dashboards for 40 different physician specialty groups: thereby shortening reporting time.

Provide benchmark data for precise evaluation of opportunities by developing joint venture, executive, and operational reporting for specialty practices.

Mitigated risk by developing financial models for physician hires, renewals and start up opportunities.

The Children’s Hospital of Philadelphia, Philadelphia, PA 2011 – 2013

Senior Business Unit Financial Manager

Managed the finances of four business units, including business units encompassing 50 facilities in the Philadelphia and NJ region for outpatient and day hospital services, with revenues of $195M.

Provided financial leadership for four VPs to solve operational and financial challenges and champion business initiatives, including financial analysis and modeling.

Assisted management with forecasting and budgeting processes to improve accuracy and accountability.

Developed annual physician incentive practice plans for more than 30 separate offices.

Developed new business and acquisition opportunities and growth strategy development.

Prepared and presented annual budgets for over 70 cost centers to senior management.

Prepared analyses of period end financial reports for management team - provided explanations for variances to budget and forecasts; identify trends and KPIs. Led C-level month-end reviews.

Designed and analyzed new business opportunities using multi-year business case analyses, including real estate footprints for both owned and leased properties.

Identified and implemented workflow improvements and best practices for operations and finance.

DAVITA Health Partners, Wayne, PA 2007 – 2011

Divisional Finance Manager

Managed financial functions for two divisions encompassing 95 facilities in the Northeast U.S. region for outpatient and acute hospital dialysis services company, with revenues of $6.3B.

Provided financial leadership for two VPs to solve operational and financial challenges and champion business initiatives, including financial analysis and modeling for profit improvement.

Developed and implemented annual operating plans and monthly forecasts including re-forecast estimates. Subject matter expert and trainer for accounting principles, standards, and practices.

Provided explanations for variances to budget and forecasts; identify trends and KPIs. Leader of financial close meetings with senior management.

Developed and maintained sophisticated financial models to analyze main business drivers, identify workflow improvements and best practices to optimize business performance.

Reduced drug inventory days by 38% through implementing models to improve ordering process.

Designed and analyzed new business opportunities using multi-year business case analyses, including real estate footprints for both owned and leased properties.

TRANS UNION LLC, Crum Lynne, PA 1997 – 2007

Regional Controller and Operations Manager

Managed financial and compliance functions for Eastern U.S. region of global leader in credit and information management with revenues of $1.0B. Provided leadership to staff of 20 responsible for financial analysis and reporting, budgeting, forecasting, general accounting, accounts payable, accounts receivable and collections, compliance, internal and external audits, and financial systems integration.

Designed and implemented KPI’s for Accounting and Compliance departments saving $1.2MM annually.

Implemented market intelligence database that increased profitability by 15%.

Negotiated all office space leases for 25 locations.

Documented and monitored regional accounting processes for Sarbanes-Oxley compliance purposes.

`PREVIOUS EXPERIENCE

Raychem Corporation, Manager of Accounting, Newark, DE

SITE Engineers, Inc., Controller, Mt. Laurel, NJ

General Instrument Corporation, Manager of Financial Reporting, Hatboro, PA

Zenith Products Corporation, Controller, Aston, PA

EDUCATION

B.S. - Finance, Drexel University, Philadelphia, PA – have completed 50% of MBA courses.

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