Wayne Wissman
Chief Financial & Operating Officer - WASHINGTON THEOLOGICAL UNIVERSITY
Severn, MD
Work Experience
Chief Financial & Operating Officer
July 2008 to Present
Transitioned from the on-site financial consultant to C.F.O. tasked with developing a financial and strategic plan to improve and implement finance policies and procedures.
♦ Assumed the additional role of the Chief Operating Officer and IT operations management.
♦ Successfully converted redundant database systems into one fully capable integrated management information system eliminating duplicate source data, improved data integrity while reducing recurring labor and software maintenance cost.
♦ Worked in partnership with the President/CEO to grow and transition the organization through the development and implementation of the organizations strategic plan.
Senior level consulting in the following industries
October 2005 to July 2008
Not-for-Profit- Baltimore Healthy Start * Public Accounting- Butler Lockte, P.A.
* Health Care Service Provider- APS Health Care * Telecommunication Industry
♦ Initiated system improvements that accelerated the monthly close providing management with near real time results.
♦ Facilitated teams charged with the implementation of cash flow management which reduced
overall program receivables by 25% and a 70% reduction in over 90 day balances.
♦ Led several cross-functional teams and coached team members, to develop skills and confidence in their ability to examine work processes, create solutions, and measure improvements.
♦ Facilitated numerous learning programs on new reporting systems within an IT centralized database.
Chief Financial Officer
July 2000 to October 2005
Responsible for providing timely and meaningful financial data. Developed and improved internal controls, reduce dependency on redundant healthcare data bases and built a strong business network with customers, vendors, medical reimbursement institutions and other external partners.
♦ Championed the turn-around of a struggling healthcare provider with declining revenues, annual losses, no cash reserves, and poor employee moral. Resulting in zero creditor debt, 10% net profit and a 300% improvement to the current ratio.
♦ Educated and directed the finance team in proper internal control methods that resulted in five superior rated annual audits with no financial exception.
♦ Developed and implemented strategic operating plans associated with new business program launches in association with state-wide hospital customers.
♦ Directed the preparation of the annual budget, developed and provided support and justification
presenting results to the Board of Directors
C.F.O. /Vice President. Of Finance
March 1992 to June 2000
National organization providing healthcare and human services programs.
C.F.O. /Vice President. Of Finance (3/92 - 6/00)
Responsible for managing and directing all financial activities for a regional multi-program healthcare provider. Providing all government funding sources the necessary financial and property management support. Provided services included: Mentally disabled senior group housing; Residential program centers, Substance abuse centers, Early Learning Centers, and other various resident environments.
♦ Deployed various bond financing instruments to include Block Grant and Tax-exempt bonds for facility expansions and building acquisition for low-income housing for the seniors.
♦ Managed all government contract funding sources and exceeded established program revenue goals by more than 15% each year as a result of successfully negotiations 7 out of 8 years.
♦ Presented monthly financial performance to key management and Board of Directors in meaningful formats that allowed the diverse board members complete understanding.
Education
Certified Financial Planner in Financial Planning
2004 to 2007
Masters level coursework in Leadership, Negotiations, Financial Presentations
1988 to 1995
Bachelor of Science in Business Finance in Finance & Management
1976 to 1983
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