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Director of Finance

Top Management

Thanks for visiting my profile. Conversations welcome. Email: PaulKellenCPA@gmail.com, Mobile: (562) 303-2692

I thrive on competition. As an athlete I’ve challenged myself to consistently improve my performance. This mindset carries over to my business performance.

Determination to generate company success keeps me alert to opportunities to improve process and systems and grow synergies across functions.

My role is to produce business intelligence, real-time reporting and actionable analysis that gives the companies I work for a competitive edge.

Examples of achieving results:

PROCESS IMPROVEMENT – Leveraged Business Intelligence software and creation of standardized excel templates to provide detailed analytics, streamline prescription processing, pharmacy workflows, reimbursement and reporting. Reduced month end close time required at California Specialty Pharmacy by 10 days and Kaiser Permanente by 2 days.

FORECASTING – Created and implemented Kaiser Permanente NorCal & SoCal monthly and strategic long-term forecasting models, providing executive and operational management with trended, forecasted and operational data in financial and graphic formats. Forecasts were historically within 1% accuracy to actual results.

COST REDUCTION – Audited standard costing systems and processes, implementing new processes and costing structures resulting in reduction of standardized cost variances of 25% to less than 5% for Globe Shoes, and a 10% increase in gross profit for Craig Tools.

FINANCIAL PLANNING & ANALYSIS
Strategic Financial Plans
Reporting, Analysis & Review
Budgeting, Forecasting & Variance Analysis
Actual vs. Forecast Analysis
M&A, Financial Due Diligence
Financial Modeling
Competitive Analysis & Pricing Strategy
Financial & Operational Metrics Performance

ACCOUNTING SYSTEM ARCHITECTURE
Technology & Process Implementation
Process Improvement & Automation

LEADERSHIP
Change Management
Team Building & Mentoring
Coaching & Talent Development


Multi-national manufacturer and distributor of rubber and elastic technologies. Lead staff of five in performing all accounting and finance activities for the company.  
•	Finance lead for implementation of new Sage X3 ERP software.
•	Standardized product catalog across four companies.
•	Responsible for all coordinating all tax filings and audits.
•	Responsible for banking relationships.


Fortune 500 health care company, one of America’s largest hospital management companies with a network of acute and behavioral hospitals.
Acute hospital controller providing assistance for all accounting functions, including G/L, period closings, financial reporting, and annual budgeting process. 
•	Identified $5m in savings during first 90 days.


Regional Financial Controller

$60M Multi-State Specialty Pharmacy & Infusion Provider, focused in delivering high-touch patient-centered services and progressive medicine in Sterile Compounding, Non-sterile Compounding, Clinical Trails, and Patient Care Coordination.
Established GAAP compliant Finance/Accounting Department, supervising two direct reports with responsibility for all accounting functions, including G/L, period closings, financial reporting, A/P, A/R, annual budgeting process, developing financial analytics, and instituting internal controls.
•	Professionalized inventory function, implementing policies and process to improve purchasing, receiving and regularly scheduled physical counts, including PO authorizations, A/P integration, and documentation.
•	Created and implemented accounts receivables and accounts payable policies and processes including credit and collections. 
•	Reviewed accounts receivables documentation and aging to identify credit risk and high concentration and implemented commercial collections standards, reducing DSO from 65 days to 30 days.
•	Created and implemented cash management process and reporting for disbursements and receipts to provide daily visibility to ownership of cash position.
•	Created and implemented business meal & travel expense policy and process.
•	Selected and transitioned general ledger to new data base and architected and implemented a new chart of accounts to support management accounting reporting.
•	Developed and implemented multi-scenario budgeting model providing flexibility and contingency planning.
•	Implemented new Business Intelligence software platform (CareTrend) to provide detailed analytics, streamline prescription processing, pharmacy workflows, reimbursement, and reporting. This resulted in decreasing month end close processing time from 15 days to 5 days.
•	Led staff of two in developing business analytics capability, including executive management reporting addressing therapeutic level margin analysis, cost trending, and performance metrics for sales and pharmacy fulfillment staff.
•	Transitioned banking/financing services and relationships to new banking institution.
•	Managed external accounting reviews and compliance audits, coordinating with cross-functional teams in maintaining and providing appropriate documentation and training.
•	Established Human Resources function, maintaining oversight of all payroll processes while instituting annual employee review process, including goal setting and documentation. Managed annual benefits enrollment process in addition to creating and implementing new employee on-boarding process.


Vice President of Finance/Controller

A $9B Division of Nationally Integrated Health Care System, Kaiser Permanente is recognized as a leading American health care provider and not-for-profit health plan, currently serving 12.2million members in 8 states and the District of Columbia.
Led staff of seven in creation and implementation of monthly analytical and financial reporting. Responsible for development, implementation, and monitoring annual Outpatient Pharmacy budgets, encompassing six national regions, 40 hospitals and over 225 retail pharmacy locations. Provided FP&A support to executive and operational management, including ad-hoc reporting and strategic business case support/analysis, data and analysis for Actuarial Services, and reports and analysis for Board presentations.
•	Created and implemented Northern & Southern California monthly and strategic long-term forecasting models, providing executive and operational management with trended, forecasted, and operational data in financial and graphic formats. Forecasts were historically within 1% accuracy to actual results.
•	Led initiative to standardize Outpatient Pharmacy chart of accounts, accounting processes, and reporting across entire Kaiser Permanente organization. 
•	Played key role in transitioning Northern & Southern California to new financial software program.
•	Published several white papers in support of initiatives, including…
Alignment and Standardization of Financial Reporting for Northern & Southern California
Aligning Costs to Revenue – Centralized Distribution Refill Centers’ Revised Allocation Plan
•	Created new expense allocation template allowing for clear audit trail, greatly reducing time required by accounting department to execute centralized cost allocations during month end close by 2 days.
•	Graduate of Kaiser Financial Leadership Team training.


Director of Finance Pharmacy Financial Services

Find out detailed information about Paul Kellen, Director of Finance in Huntington Beach, CA

Paul Kellen: Director of Finance in Huntington Beach, CA

Paul Kellen