Information Systems Technology

Robert A. Otto

*** ****** **** **. ***** Park, IL 61111 815-***-****

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

SUMMARY

An MBA in Marketing and Finance from the University of Chicago with thirty-one years of experience in finance, including twelve years as CFO/Vice President Finance. Career emphasis has been on strategic and tactical matters as they relate to accounting, accounting systems, budget management, cost benefit analysis, forecasting needs, securing of new financing, and acquisitions.

PROFESSIONAL EXPERIENCE

Rockford Gastroenterology Associates, Rockford, IL

Director of Finance June 2023 – present

Responsible for all accounting, treasury, and revenue cycle management for a 14-physician practice (150 employees) including physician owned ambulatory surgery center, clinic, and professional fees at two local hospitals

Manage staff of 22 for revenue cycle management using the NexGen practice management system

Responsible for the successful outsourcing of revenue cycle management team to outside vendor that resulted in significant year over year cost savings. Additionally improved cashflow by improving clean claim rate, reducing AR aging, improving preregistration and preauthorization accuracy, and implementing new clearinghouse vendor

Assisted in negotiating with CEO 3 new payer contracts resulting in 10% to 20% increase in charge fees.

oBCBS, Aetna, and United Healthcare

oResponsible for all financial data, reporting, modeling, and analysis of each payer

Oversaw transfer of in-house payroll system to web vendor, Paylocity

Responsible for managing 401K and cash balance plan

Participated in successful Illinois certificate of need application to expand ASC and the purchase of new clinic location.

Rockford Christian Schools, Rockford, IL

Corporate Finance Officer June 2019 – May 2023

Responsible for accounting, treasury, human resources. facilities, information technologies, and food operations

Manage staff of 5: CIO, account receivable/HR specialist, AP staff, facilities manager, lunch site managers.

Integrated new A/R System into the organization streamlining billing and providing improve customer interaction.

Developed payroll tracking report to create a 12-month budget by biweekly payroll for improve analysis.

Developed an accurate 12-month cash projection report to assit in cash flow management

Applied and received over $1 million PPP loan from SBA and $120K for employee retention tax credit (ERTC)

Successfully transition audit to new accounting firm selected by board of directors.

FurstPerson Inc., Rockford, IL

Vice President of Finance October 2017 – June 2019

Oversaw all accounting operations, including AR, AP, Treasury/Banking, Human Resources, and auditing.

Developed forward looking 13-week cash flow, 12-month GAAP Budget, 12-month Cash Budget.

Implemented 3rd party billing system to invoice and track revenue recognition.

Transitioned to new payroll and human resource system that improved employee communication and reduced employee transition paperwork from 10 days to 1 day.

Currently developing 3rd party budgeting reporting system to allow for multiple budgeting and cash flow models.

Jones Natural Chews, LLC. Rockford, IL

Vice President of Finance March 2016 – July 2017

Worked to transition the company financial operations from a family owned operation to private equity.

Developed new standards for all products and attained a 4% variance within a few months.

Oversaw the implementation of monthly inventory which improved inventory accuracy to 99%.

Researched, designed, and developed an inventory scanning system to assist operation in daily metrics and improved efficiency.

Developed new reporting from QuickBooks to allow for detailed month-over-month analysis.

Rock River Environmental Services, Rockford, IL

Corporate Finance Officer February 2011 – November 2015

CFO for $86 million revenue, 276 employee, waste hauling and landfill company.

Participated in the successful marketing and sale of the company, resulting in an 85.5% increase in market value in five-and-a-half years.

Developed divisional budgets using metrics for 97.6% of revenue and 85% of operational expenses.

Responsible for all treasury and controller functions

oPayroll, accounts receivable, accounts payable, cash management, financial reporting, budgeting, and capital purchases

Managed a professional staff of eleven, including human resources, benefits, and information technology.

Implemented the successful transition of a treasury and finance operation to a new organization

oManaged the creation and successful audit of the opening balance sheet

oResponsible for completing tax audit

oResponsible for all financial reporting (internal and external)

Prepared materials and participated in all meetings with equity investors, banks, and board of directors.

William Charles Waste Companies, Rockford, IL

Controller October 2006 - February 2011

Abbott Laboratories, Abbott Park, IL

Manager Financial Planning and Analysis, March 2000 – October 2006

Arthur Andersen LLP, Chicago, IL

Senior Consultant October 1997-March 2000

Amoco Corporation, Chicago, IL

Senior Business Analyst June 1992 - August 1997

EDUCATION

University of Chicago, Chicago, Illinois

MBA (Finance/Marketing), 1999

Purdue University, West Lafayette, Indiana

B.S. in Accounting, 1992

B.S. in Industrial Management/Computer Systems, 1992

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