VP Finance CFO Controller In Los Angeles CA Resume Mark Russell
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MRussell resume v2015
Mark C. Russell
2012 Pacific Child & Family Associates, LLC Glendale, CA
Chief Financial Officer
Experienced member of executive management team operating a national, private equity sponsored, for profit behavioral health organization servicing families with children on the Autism Spectrum Disorder.
Extensive strategic planning with Private Equity sponsors, Board of Directors and
CEO to guide all business operations focusing on expansion and increasing
caseload, billable hours, productivity, service offerings, profitability and enterprise
valuation.
Extensive development of insurance contracting, intake, billing and collections
department as payer mix shifted to commercial insurance plans from school
districts and government funded Regional Centers. Directly oversee accounts
receivable department and migrated from monthly and bi-monthly batch billing to
daily and weekly billing to qualifying funding sources. Established controls and
procedures to ensure compliance with all funding source requisites were met and
revenue cycle management was optimized.
Directly manage the Accounting, IT, Intake, Credentialing/contracting and Human
Resources departments. Created detailed fiscal budgets, KPI dashboards for all
business segments, balanced scorecards, revamped and standardized
accounting policies / procedures for consistent operational and financial reporting.
Cut monthly closing cycle from (15) to (7) days. Established sequel based
dashboard for weekly interface with CEO and all regional Clinical Directors on
real-time key operational metrics.
Negotiated credit restructuring with new lender and manage all treasury functions.
Extensive due diligence of acquisitions; integration of acquired operations and de
novo expansion into new markets.
Direct oversight of annual financial audit, all corporate tax filings and all funding
source audits.
Provide in-depth financial review and preparation of balanced scorecards for all
monthly operational reviews and presented financials with management
discussion and analysis at all quarterly Board of Director meetings.
2003 2012 Modern HEALTHcare, Inc. Monrovia, CA
Executive Vice President and Chief Financial Officer
Experienced member of executive management team operating a privately held, profitable, regional specialized pharmacy operation with four operating segments. Nine year revenue growth of 250% with annual revenues exceeding $152MM in 2011.
Significant Achievements:
Launched the development, piloting and implementation of the A/R Program for
improved accounts receivable collections, recordkeeping and reporting. Major
breakthrough permitting audited financials and increased bank financing
opportunities. Enlisted offshore programming and Moderns copy written AR
Program in 2010 is a multi-faceted ERP platform augmenting QS1 Pharmacy
software enabling sustained profitable growth over the last eight years.
La Canada, CA 91011 [email protected] https://www.linkedin.com/in/markrussell8
(818) 359-2805 cell
Experience
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MRussell resume v2015
Extensive financial due diligence of potential acquisitions and integration of
operations and reporting functions of acquired businesses.
Extensive strategic planning and collaboration with CEO and President to guide all
business segments to capture opportunities in the Companys niche markets and
increase profitability.
Continuous interaction with the EVP/COO to support tactical execution of strategic
plan and assist in business development opportunities.
Negotiate significant vendor contracts with national drug wholesalers,
manufacturers and payers.
Directly manage the Accounting team of (6) people - Created detailed fiscal
budgets for all business segments, standardized accounting policies / procedures
for improved operational and financial reporting, initiated monthly closings, full
scope quarterly physicals of drug inventories, improved treasury function with daily
cash sweeps, created dashboard development of key financial metrics for senior
management and replaced / upgraded accounting personnel to gain increased
competency.
Directly manage one highly profitable business segment within the Company and
implemented several profitable programs capturing opportunities created through
legislative changes.
Directly manage Human Resource Manager and HR department supporting work
force of approximately (300) employees in multiple locations.
19932003 HCC Industries Inc. Rosemead, CA
Director of Finance
Experienced member of an executive management team operating a multi-location
mid-market electronic component manufacturer with revenues of ~$100MM.
Complete SEC reporting responsibilities Form 8K, 10Q and 10K
Co-authored Recapitalization with Sr. Subordinated Notes Offering and S-4 Filing
Consult with Board of Directors on development and implementation of strategic plan
Consult with equity partners on M&A opportunities
Strategic M&A analysis, due diligence and development of enterprise valuation models
Manage banking, credit lines and investment activities
Co-manage investor and credit agency relations Moodys and S&P reviews
Extensive taxation analysis and federal/state tax audit experience
Primary interface with auditors on quarterly reviews and annual audit
Extensive development of annual budgets, forecasts and variance analyses
Oversight of all legal matters, employee benefits and risk management
Co-managed ERP system selection and conversion from Y2K legacy system to Epicor
Extensive interface with IT department on cost accounting implementation
EPA Superfund experience through Operable Units planning and operations
Directly hired, trained and supervised corporate accounting and human resource staff
of (14) supporting a work force of over (800) employees in multiple states.
19901993 Clothes Out Stores, Inc. Santa Monica, CA
Chief Financial Officer
Assisted in development of business plan and creation of (16) retail stores
Implemented computer accounting system (Sage ACCPAC) for multiple locations
Supervision of accounting, purchasing/receiving and warehouse operations
Negotiated new store leases, bridge financing, and administrative contracts
Facilitated de-facto liquidation and business closure
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MRussell resume v2015
19861990 Deloitte & Touche Los Angeles, CA
Senior Auditor
Extensive auditing experience of SEC clients with emphasis in real estate,
manufacturing and financial institutions
Active and progressive involvement in firm recruiting
University of Southern California 1986 Bachelor of Science, Business Administration
Certified Public Accountant (Inactive) 1990
Education