Beruflich Dokumente
Kultur Dokumente
homas Witherspoon
*FINANCEEXECUTIVE*
Dynamicexecutiveleadershipcareerininternational,billiondollarorganizationswitharichmixoffinance,operations, internal/external processes, technical savvy and business development. Intimate knowledge of financial processes, operating results and profitability. Expert in executing teamdrivenprocess improvements to increase revenue growth operationalefficiency,andoverallprofitability.ExecutiveMBA.Expertisein: Financial&ProcurementControls Strategic&FinancialPlanning
DriveFinance&BusinessPerformancesintoCompetitiveAdvantagesforHealthcare&InsuranceProviders throughVisionandRevenueGeneratingOperationalLeadership
ContractNegotiations&ProcurementControls
EXPERIENCE&ACCOMPLISHMENTS
ROCKINSURANCEOFCALIFORNIA,SanFrancisco,CA DirectorofFinance&VendorManagement
2007toPresent
HMOproviderwithannualrevenuesof$4billionandover3,000employees.
PromotedtotheCFOroleforthefinanceandvendormanagementfunctionoftheRockDesignProgram,a$500million infrastructureredesignprogramfocusedonclaims,portals,productandITinfrastructuresupport.Createdstrategicplans to improve profitability and a tool to monitor benefits realization. Direct and develop financial models, space and capacityplanning,andsupplierrationalizationandvendorplanstoensureperformanceindicators.Supervise16staffin4 departments.PresentregularlytocorporateCFOandCEOonfinancialprogressofprogram. ENTERPRISEIMPACT: Created and divided the organization into a twophased restructuring approach1st phase to centralize the finance/vendor management functions, 2nd was to automate key processes to reduced dependency on manual processesandstaffpositions.Therestructurenettedover$500,000inannualizedsavings. Keymemberoftheprogramsleadershipteamthatbuiltoutthefirstbusinesscasesandsecuredfundingapproval. Partnerwithexecutivemanagement,businessandITtodeveloptheannualfinancialbusinessplantogainbuyin. Uncoveredover$12millionincostsavingopportunitiesthroughrevisionofstaffsinternalandexternalresources, negotiatingconsultingfees,andfacilitatingsubstantialbusinessreinvestment. Identifiedover$5millionincostreductionsbyimplementingatransactionlevelaccountingreportingsystemthat allowsforgreatertransparency.
GLOBALUNITEDHEALTH,WalnutCreek,CA
Healthcareproviderandhealthinsurancecompanywithannualrevenueof$38billionandover150,000employees.
2000to2007
ExecutiveDirector,NationalITCompliance(2005to2007)
Governedallaspectsofthe$1.4billionITDivisionthatsupportedallhealthcaresystems.PartneredwithITleadership andcompanyexecstogainbuyinfornewprocessesandproceduresandsupportprogram.Supervised22staff. ENTERPRISEIMPACT: Met the challenge of turning around the division to focus on compliance, financial stability, audit integrity and productivityincreases.ImplementedSOX404forITtoincludetestingover500keyapplications. Saved over $1 million while improving audit activities with the Compliance Organization Rebuild Project that redefinedpositions,creatingnewprocesses,andenhancedtraining. Ensured compliance with procurement processes, renegotiated supplier contracts, and analyzer the supplier base whichresultedinover$5millioninsavings. ConsolidatedauditandremediationactivitiestosupportSOX404whichreducedtheneedforadditionalstaffand decreasedcostsby$5million. SettheprecedenceforthevendorcommunityintheBayAreabyaggressivelynegotiatingwithvendorstoreduce thenumberofprofessionalservicessuppliersandsaved$25million.
CorporateSeniorManager,FinanceSharedServicesOrganization,BuytoPay(2003to2005)
PromotedasthepointpersontobuildthenewSharedServicesDepartmentoftheFinanceSharedServicesOrganization inCorporateFinancethatmaintaineddeliveryof$8billionintransactions.Directedgeneralfinance,controllership,and accounting.UtilizedSixSigmainitiatives.ServedastheProgramFinanceprofessionalandinstilledreportingdiscipline. ENTERPRISEIMPACT: Drove$5millioninannualsavingsthroughfinancialanalysisandprojectplanning. Mappedoutdepartmentalprocesstotransactionalactivitiesandsetupanactivitybasedcostingframework,saving companyover$5million. PutintoplacecompanysinitialSOX404programandreducedfinancialexposurefrompooraccountingpracticesby morethan$25million.
FinancialLeader,FinancialSharedServices&ITProcurement,HospitalITDivision(2002to2003)
Administered a $70 million departmental budget with 45 staff. Integrated IT procurement, strategic financing, asset management, material management services, vendor managements shared services, human capital resource managementandfacilitiesduringdepartmentrestructuring. ENTERPRISEIMPACT: Eliminated unneeded projects and combined underutilized facilities cutting $5.25 million from facilities management. Reducedpurchaseorderexposurefrom$90millionto$5millionanddecreaseddaysoutstandingfrom100to45 afterrevampingtheeprocurementsystemandprocesses. Saved over $250,000 annually through centralization of management of more than 400 IT contracts worth $500 million,whicheliminatedstoragewasteanddecreasedaccesstime.
OperationsFinanceLeader,NetworkServicesandDistributedComputing,HospitalDivision(2000to2002)
Oversawfinance,accounting,assetmanagementandmaterialservicesfora$300milliondivision.Supervised18staff. Piloteddepartmentsfirstcapitalacquisitionandrequisitiontrackingprocess. ENTERPRISEIMPACT: Eliminated more than $2 million in capital expenditures through installation of a new capital order process, centralizingthedivisionsprocurementandeliminatingduplicateordering Increasedcashflowby$5millionbyreevaluatingtheleasevs.buystrategyofassets.
GOODNIGHTINTERNATIONAL,Washington,DC
Internationalhotelchainwithmorethan150,000employeesworldwideand$25billioninrevenue.
1994to2000
DirectorofFinance,PanamaGoodNightHotel,PanamaCity(1998to2000)
Controller,ElPasoGoodNight(1996to1998),SeniorAssistantController,DenverTechCenterGoodNight(1996), AssistantController,AlbuquerqueGoodNight,NewMexico(1994to1995) SteadyadvancementatGoodNightduetoconsistent,performancedrivensuccesses.Promotedtomanagethestartup inPanamaCityandallgeneralfinance,IT,andaccounting.Createdbusinessplanandsupervised12staff. ENTERPRISEIMPACT: CollaboratedwithSalesandMarketingtoincreasedroomrevenues$2millionannuallybyrevisingratestructures andprovidingspecialcorporateincentives. Negotiated line of credit extendible to 5% of revenues with local financial institution, allowing the hotel to open eventhoughtheownerswereonlyabletosecure7%oftheirstipulatedworkingcapital.
EDUCATION&AFFILIATIONS
ExecutiveMBA,PEPPERDINEUNIVERSITY,Malibu,CA BS,Finance&Business,UniversityofTexas,ElPaso,TX