Finance/Accounting Professional
Resume:
KENNETH M. BIRES, CPA, WHARTON M.B.A.
P.O. Box 47285, Tampa, FL 33646
***.*****@*****.***
FINANCE/ACCOUNTING EXECUTIVE
Summary
• Experienced Finance/Accounting professional with comprehensive background in Management; Analysis & Reporting, Modeling & Forecasting, System Evaluation and Staff Development
• Bottom-line focus; demonstrated abilities in implementation of strategic/tactical plans, identification of process improvement opportunities & building relationships with multiple personnel levels
• Significant experience in multiple-unit healthcare environments, young businesses; Domestic/International
Professional Snapshot
• Managed Finance & Accounting organizations, Home Healthcare Network, Staffing operations
• Excellent written and oral communication; Proven analytical & problem-solving skills
• Cash and vendor management; Modeling and forecasting; Budgeting and variance analysis
• Banking and credit negotiations; Accounting processes and management; Contract implementation
• Staff recruitment and development; Analysis of complex business / tax Issues
• Purchase investigations & restructurings; Process re-engineering and development
• Insurance, Benefits Administration; Start Up and Turn-around operations
• Cash Management, Credit & Reimbursement; Organizational Design and Re-structuring
Industry Experience
• Manufacturing: Semiconductor Test Equipment, Hardware and Software
• Staffing: IT, Professional, Temporary, Permanent, Vendor Managed
• Health Care: Medical Management; Managed Care; Home Health Care
• Professional: Public Accounting
Software - Systems
• Solomon; Great Plains Dynamics; Hyperion; Essbase; Oracle; QuickBooks; Sage BusinessWorks;FrX
• Microsoft Office Suite; Systems Evaluation, Selection and Implementation
• Decision Support Systems
Selected Highlights & Accomplishments
• Negotiated, closed and implemented $5+ million credit facilities with new banking relationships; structured sale/leasebacks, generating $200+k of financing.
• Re-engineered Finance/Accounting group – reduced monthly close by 16 man-weeks; developed and delivered new, accurate and timely BOD and Mgmt reports within 12 days of month-end.
• Created tax savings of $500k to $750k per year for client companies through international tax planning strategies.
• Successfully relocated three (3) operational groups across U.S., and within Fla, with minimal loss of productivity – i.e., only 4 hours of time lost in move of 60-member call center organization.
• Developed/implemented weekly, monthly managerial and BOD reporting tools, including budget, variances, forecast and cash analysis.
• Leader in start up of new division (Home Health Services network) in $1.2 B Company; evaluated new systems and processes; created routines used to measure and evaluate Capitated contracts and determine IBNR.
• Created critical decision-support models for comprehensive forecasting, Medicare sensitivity analyses & utilization analyses for Capitated contracts.
• Established financial closing processes for Home Health Services network..
Career Experience
Advanced Bio-Technologies, Inc., Clearwater, FL – CFO – $6m Pharmaceutical Co. 5/07 to 2/09
• Exec leadership for Financial/Administration, Human Resources, IT and Manufacturing of dermatological sales and marketing company in turn-around environment.
• Relocated operation from Seattle WA to Clearwater FL, including lease, system procurement & set up.
• Liaised with international business development on fulfillment of orders, implementation of new contracts, profitability analysis, etc.
• Managed revenue cycle, including sales order processing, invoicing activities and realization of cash.
• Oversight of supply in the development and realization of manufacturing objectives.
• Managed cash in tight environment, working with vendors and preparing daily/weekly forecasts of receipts and expenditures.
• Implemented 15-day close & reporting process; preparation of monthly reporting to BOD.
• Developed comprehensive Board report including variances and analysis; forecast of revenue and expense.
• Preparation of detailed budgeting and forecast tool. Managed budget exercise and presentation for international organization.
• Partnered with President/CEO on all matters related to turn-around of company.
Computer Management Consultants, Inc., Tampa, FL – CFO – $30m IT Staffing Co. 5/05 to 4/07
• Exec leadership for financial and administration of IT Staffing and Consulting Group in turn around environment.
• Negotiated & implemented $5m accounts receivable credit facility.
• Reduced monthly close cycle by 8 weeks and implemented 12-day reporting program timeline.
• Built credible and talented finance and accounting organization, responsive to customer requirements.
• Improved cash flow and reduced >30 day A/P balances by 50%.
• Partnered with President/CEO on all matters related to turn-around of company.
Bella Staffing Services, Tampa, FL – Director – $3.0m Staffing Co. 11/01 to 4/05
• Subject matter expert and leader in establishment of Accounting / Finance division of staffing company.
• Increased revenues to $2.5m ($1.0m accounting & $1.5m administrative) with average GP of 30%.
• Partnered with managing owners to develop and execute company growth strategies.
• Responsible for ensuring organizational delivery on service and quality commitments.
• Effectively grew company market share through consistent client development and placement activities.
The Davis Companies, Inc., Marlboro, MA - CFO - $65m Staffing Co. 2/00 to 11/01
• Financial & operational leadership to multiple-branch, national $65m Staffing Company organization.
• Partnered with owner to develop/execute company growth strategies. Instituted initial credit/collection policies and trained field personnel on successful implementation of guidelines.
• Re-engineered Finance/Accounting group – reduced monthly close by 16 man-weeks; developed and delivered new, accurate and timely BOD and Mgmt reports within 12 days of month-end.
• Negotiated, closed and implemented $5.5 million credit facility with new banking relationship; Structured sale/leaseback, generating $200+k of financing;
• Restored company credibly with funding sources; Reduced 90+day receivables outstanding by 50%.
• Developed critical forecasting models; Reorganized A/P and weekly cash planning.
• Implemented monthly reporting within 12 business days of month end; Instituted Weekly P/L Reporting.
Olsten Health Services, Tampa, FL – $1.5B Home Healthcare, Medical Management Co. 1/93 to 1/00
Vice President – Home Health Network 8/97 to 1/00
• Exec responsible for National Call Center & Service Management – 60+ people, $60m revenue; business development and account management; staff recruitment & development; provider relations; operating results.
• Managed healthcare network to 36% and 19% of increased profits and revenue, respectively. Maintained customer satisfaction ratings during this period of 41% growth of customers and cases served.
• Responsible for ensuring organizational delivery on service and quality commitments through effective management of all operational functions and personnel.
• Eliminated turnover in critical areas and created customer service atmosphere through development and motivation of staff, establishing group credibility.
• Business Development to Managed Care Community; Account Implementation & Management.
• Managed Home Health network access; developed standards for admission and care delivery.
• Coordinated company-owned branch activities to optimize acceptance and staffing of cases; increased capture rate.
Assistant Vice President – Finance 6/96 to 7/97
• Leader in start up of new division (Home Health Services Network) in $1.2 billion Company; evaluated new systems and processes; developed routines used to measure and evaluate capitated contracts and determine IBNR.
• Development of policies/processes related to start-up division of Home Health Network. Evaluated, selected and implemented software system and financial processes used to operate division.
• Coordinated and managed operational and systems operations solutions related to financial processes.
• Developed/Implemented critical decision-support models for comprehensive forecasting; Medicare sensitivity analyses & utilization analyses for Capitated contracts.
• Developed & implemented financial closing processes for home health care network.
Division Controller 1/93 to 6/96
• Financial management for $250 million, 120-branch division of national home health provider - budgeting, variance analysis, productivity analysis, Medicare pricing and cost allocations.
• Business planning in response to changes in payer mix; caregiver utilization analysis; due diligence and divestiture planning for Medicare licensed agencies.
• Developed first managed care utilization reports for $1.2 billion home healthcare organization.
• Implemented and managed two business service centers - home health billing and collections.
• Developed Medicare model used to assess impact of revenue mix changes; enhanced budget model to include Medicare variables and payer source dynamics.
LTX Corporation, Westwood, MA – $500m Semiconductor Test Equip’t Mfr 1984 to 1993
Controller & Corporate Tax Manager
• Financial management for 500-member Sales, Service and Eng’g group of $500m semiconductor test equip’t manufacturer.
• Developed activity cost accounting system & segment reporting; managed consigned equipment & developed vendor leasing program.
• Developed/administered budgets for group; variance analysis/reporting.
• Preparation of Corporate consolidated tax returns; utilization of expiring corporate tax benefits.
• Developed new employee benefits plans - 401(k), profit-sharing, stock option, performance incentives and commission.
• Negotiated Joint Venture and licensing agreements.
Arthur Andersen & Co., Phila., PA – Sr. Tax Manager, CPA – Big Four 1975 to 1984
• Created tax savings of $500k to $750k per year for client companies through various tax planning strategies.
• Tax research, consultation & tax return preparation; Client consultation concerning tax planning & utilization of expiring tax benefits.
• Financial statement audits; Multi-State planning and allocation of Expenses and tax attributes.
• Industries served - Advertising, Banking, Real Estate Manufacturing, and International.
• Entities served – Public and Private Corporations, Partnerships, Individuals, Trusts and Estates.
Certificate & Education
C.P.A. – Arthur Andersen & Co.
Licensed in Commonwealth of Pennsylvania
Wharton Business – University of Pennsylvania., Phila., PA
M.B.A. – Finance
Xavier University, Cincinnati, OH
B.S. – Mathematics, Honors (Magna Cum Laude)
References Available Upon Request
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