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Director Strategic Initiatives Resume
Michael
US-California
Chief Financial Officer
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MICHAEL A. BALDRIDGE, MPA
~ SENIOR FINANCE EXECUTIVE–CFO ~
Consummate Management Executive ~ Corporate Development Strategist
Startup, Growth, Turnaround, and Performance Improvement Expert
Remarkably astute, tenacious, and accomplished senior executive with a proven record of success directing financial operations within diverse industries. Exemplifies keen expertise in all aspects of corporate finance, strategic planning, budgeting, modeling, and analysis. Possesses stellar reputation in maximizing performance of financial operations with emphasis on strategy formulation, policy and procedure development, cost reduction, and profitability improvement. Excels at performing high-profile executive roles, making high-stakes decisions, and overcoming complex business challenges. Natural born leader equipped with interactive, motivational, and decisive management style in developing dedicated financial service teams to support business objectives. Capable of accomplishing goals and meeting critical deadlines in a fast-paced, fiercely competitive environment.
AREAS OF EXPERTISE
- Financial Operations and Management
- Profitability Modeling and Forecasting
- Budget Control and Implementation
- Mergers and Acquisitions
- General Accounting and Financial Reporting
- Insurance and Risk Management
- Continuous Process / Productivity Improvement
- Strategic Development Planning
- Leadership, Training, and Team Building
- Problem Resolution and Decision Making
- Outstanding Interpersonal and Negotiation Skills
- Organized with Strong Analytical Abilities
CAREER HIGHLIGHTS
- Created long-term, interactive, budget and forecasting model for a $2B operation, including parameters for annual production and sales increases, expense inflation and reclamation
- Played an integral role in the development of a multi-billion dollar business plan consisting of multiple product offerings to a diverse group of end users so as to optimize usage of project resources
- Successfully negotiated creditor forbearance and discounted payoff agreement resulting in an extended timeline and a 48% (approximately $45M) reduction in debt obligation
- Managed the negotiations and ultimate purchase of a strategically essential $3M tract of land for client
- Designed and developed a fund rating model to assist and direct company and employee investments
- Reconstructed, restructured and documented a complex, multi-national, multi-jurisdictional transaction to ensure compliance with Virgin Islands Economic Development Commission, V.I. Bureau of Internal Revenue, and United States Internal Revenue Service regulations
- Co-founded and presided over a financial and marketing consulting firm with retail subsidiaries in computer systems and software
- Directed the founding of a medical equipment provider along with its acquisition of an existing firm
- Skyrocketed profit margin by 300% through the creation of a billing matrix and the renegotiation of associated contract
- Meticulously led the merger and integration of a $400M company and an acquired $40M company
- Worked collaboratively with Area VPs on their respective budgeting processes to automate systems and models to eliminate duplicative efforts and errors; improve overall efficiency and align accounting with operational goals and objectives
- Developed successful reorganization and turnaround plans to assist troubled regions and divisions
- Supervised the Beta testing for the development of the Activity Based Management Implementation Toolkit for the home care industry
- Developed, and directed the implementation of, a corporate processing plan which resulted in a 37-day reduction in DSO over a 17-month-period and collected more than $2.5M in past due receivables
- Established accounting close policies and procedures (including systematic issuance of interim financial statements with analysis) that resulted in a 50% reduction in audit time and cost
PROFESSIONAL EXPERIENCE
CHIEF FINANCIAL OFFICER 2006–PRESENT
FIRST BLACKHAWK FINANCIAL / SARGENT RANCH, LLC - DANVILLE, CA
Function as key advisor to CEO and Managing Member, respectively. Direct the execution of administrative, strategic planning, accounting, finance and human resources efforts. Provide strong leadership in managing contract and project negotiations as well as strategic development. Conduct review of existing contracts; restructure and/or renegotiate as necessary to increase efficiency and facilitate cost reduction.
CHIEF EXECUTIVE OFFICER 2003–2006
THE STONETREE GROUP, LLLP - ST. CROIX, UNITED STATES VIRGIN ISLANDS
Developed organization structure and oversaw operations of a financial investment and management consulting firm located on St. Croix, U. S. Virgin Islands. Established internal systems, policies and procedures. Hired personnel and developed benefits program. Assessed merger, acquisition and partnership opportunities as well as spearheaded the implementation of activities. Positioned company as a leader in governmental compliance and relations.
PRESIDENT / CHIEF FINANCIAL OFFICER 1999–2003
A4G5, LLC / MBC - LITTLE ROCK, AR
Owned and managed a consulting business and worked, under a two year personal services contract, for a prominent individual in Little Rock, Arkansas. Rendered financial and organizational assessment and consultation services to a diverse clientele. Determined feasibility and profitability of investment, as well as venture capital, opportunities. Devised sound business plans and product offerings to boost company visibility. Managed customer and vendor negotiations. Established banking relationships and secured financing for company operations.
VICE PRESIDENT 1998–1999
AMERICAN HOMEPATIENT, INC. - BRENTWOOD, TN
VICE PRESIDENT–MERGERS AND ACQUISITIONS / ANALYSIS / CORPORATE OPERATIONS 1994–1998
NATIONAL MEDICAL SYSTEMS, INC. - LITTLE ROCK, AR
CONTROLLER 1988–1994
KETCHER AND COMPANY, INC. - NORTH LITTLE ROCK, AR
CONTROLLER / SPECIAL PROJECTS MANAGER 1983–1988
CROWN CONTRACTORS, INC. / ENSCO, INC. - EL DORADO, AR
EDUCATION AND CREDENTIALS
MASTER OF PROFESSIONAL ACCOUNTANCY
- Louisiana Tech University, Ruston, LA: 2002
3 GRADUATE CREDITS IN INSURANCE / RISK MANAGEMENT
- University of Arkansas-Little Rock, Little Rock, AR: 1994
21 GRADUATE CREDITS IN ACCOUNTING, MARKETING & QUANTITATIVE ANALYSIS
- Louisiana Tech University, Ruston, LA: 1982-1983
BACHELOR OF ARTS IN ACCOUNTING
- Ouachita Baptist University, Arkadelphia, AR: 1982
ACHIEVEMENTS
MASTER OF BUSINESS ADMINISTRATION–Distance Education (48 Credit Hours), Chadwick University, Birmingham, AL: 1996
REGIONAL AND NATIONAL SPEAKER on subjects that include “Activity Based Management,” “Company Reorganization,” and “Financial Analysis”
BOARD OF DIRECTORS, Metropolitan Young Men's Christian Association (YMCA), Little Rock, AR
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