Mentored teams bringing to conclusion outstanding items including lease and debt covenants, lease restricting and asset sales
Asset Manager01/2011 to CurrentVentas, IncChicago, ILHealthcare Real Estate Investment Trust (REIT) with over 1,600 assets throughout the US, Canada and the UK. Oversee 3 Asset Management teams comprised of 344 total properties with 28 operators including 287 Skilled Nursing Facilities, 57 Assisted Living Facilities and 11 loans comprising $370M of NOI. Work with Asset Management teams to ensure compliance with all NNN lease covenants while mentoring teams to problem solve minimizing potential roll downs and maximize shareholder value through a revenue stream. ◆ Mentored teams bringing to conclusion outstanding items including lease and debt covenants, lease restricting and asset sales. ◆ Restructured multiple portfolio's creating accretive solutions while enhancing shareholder value. ◆ Drove compliance with all Asset Management processes including writing and implementing numerous policies and procedures to strengthen internal controls. Oversee 83 properties with 12 operators and 78 Skilled Nursing Facilities and 5 Assisted Living Facilities across 22 states. Maintain relationships with third party operators to understand their operations and results within their respective markets and report results to Ventas Senior Management. ◆ Oversee performance by ensuring strict lease compliance through site visits, monitoring portfolio performance and managing relationships between operators and Ventas company personnel. ◆ Worked with legal to combine six existing New York based leases into a single Master Lease and facilitated the contractual Earn-Out process ensuring corporate and IRS guidelines were followed. ◆ Coordinated with legal and acquisitions to close and transition a 330-bed Skilled Nursing Facility in Michigan. ◆ Negotiated for the sale and shuttering operations of a Skilled Nursing Facility in VA, a Skilled Nursing Facility in OH and 7 Skilled Nursing Facilities in KS.
Developer, owner and operator of communities for active older adults01/2002 to 01/2011HyattChicago, ILReporting directly to the CFO, maintain oversight of 10 Continuing Care Retirement Communities (CCRC), 9 Independent/Assisted Living buildings and the Centralized Medicare Billing office. Lead the finance effort for all operational, sales and redevelopment initiatives to increase return through optimal asset management. ◆ Oversee operating communities with annual revenues exceeding $325 Million. Responsible for compliance with GAAP, budgeting, forecasting and monthly review and reporting of community financial performance accounting for market and service delivery changes and recommending operational modifications to increase shareholder value. Combined Direct and Indirect reporting relationship of 13. ◆ Designed and implemented Key Performance Indicators (KPI's) across the Finance, Marketing, Operations and Sales departments. Indicators included Per Resident Day (PRD), Move-In, Move- Out, Occupancy, Lead Source, Lead Performance, Lead Detail, Lead Type and Segmentation Group. ◆ Created and managed the company wide centralized Medicare Billing operations office. Grew the department to $19 Million in annual billings representing over 53,000 Medicare days with no unpaid claims. Designed and implemented all benchmark and reporting protocols across multiple systems. ◆ Secured financing for Continuing Care Retirement Communities in Palo Alto, CA ($375 Million) and La Jolla, CA ($133 Million) development projects. Including the review of bank documentation, syndication strategies and creating and implementing 10-year operating cash flow models. ◆ Opened six new CCRC's including initial budgeting, creation of resident finance documents, hiring and training of accounting teams and debt oversight through payoff.
Chief Financial Officer (CFO) & Chief Operating Officer (COO)01/2001 to 01/2002LITETRONICS INTERNATIONALAlsip, ILManaged all facets of a $15 Million manufacturer including accounting, financial planning, cash management, insurance, procurement, human resources, information technology and warehouse operations. ◆ Identified and reorganized the purchasing department by creating a centralized purchasing function. Produced a 15% overall saving and decreased inventory lead time through the creation of a just in time inventory tool. ◆ Created a five-year business proposal including financial projections. Completed and filed Regulation D documents, initiating fund raising efforts. ◆ Created company meetings that initiated information flow ensuring every employee understood their role in the company and the impact they had on increased profit.
Chief Financial Officer01/2000 to 01/2001Business to Business Internet Start-upChicago, ILMember of the executive team reporting directly to the CEO, responsible for all financial and infrastructure needs of this startup Internet business. Created a business-to-business exchange for streamlining the procurement process of large complex IT projects through the use of virtual trading pits. ◆ Responsible for all facets of the accounting, finance, administration, information technology, human resource and treasury divisions. Including full financial statement presentation, risk management, insurance, cash management and investment selection. MARK IVANCIC ~ email@example.com ~ 312.459.2087 ◆ Presented and prepared financial analysis for outside investors including communication leading up to, and closing our 'B' and 'C' rounds of financing including venture capital funds. ◆ Created a five-year business plan including write up along with financial projections for use by our board of directors, investors and venture capital reporting. ◆ Created and maintained all banking relationships, including drafting and implementing an investment policy.
Developer and Operator of Water and Wastewater Treatment Plants01/1997 to 01/2000US WATER, LLCChicago, ILReporting directly to the President, managed the finance division, including Corporate Finance, Project Finance and Treasury. ◆ Managed the bid proposal process, including gathering and interpreted engineering and operating data along with contractual information for economic analyses; developed financing plans and managed the financing process of winning proposal through financial close. ◆ Negotiated with Camden County, NJ for the privatization of their county owned Wastewater plant. Deal valued at $750 Million. ◆ Designed and implemented a one page flash report providing financial, development and operational data needed to streamline the variance reporting process. ◆ Reported to the board of directors on all project finance models, including compliance with corporate investment standards, while creating appropriate financing scenarios to maximize returns and minimize financial risk.
Manager, Financial Analysis01/1988 to 01/1997AMOCOChicago, ILOversaw financial modeling in support of new business pipeline development. Worked on a cross- functional team formulating the bid on the capitalization of the $11 billion state owned Bolivian Oil Company, included integrated model building, data validation and DCF forecasting. ◆ Monitored and tracked changes in the market that impacted our business and suggested appropriate changes to Senior Management. Implemented with IT a new reporting tool allowing more comprehensive data on potential divestment needs. ◆ Re-developed the operating strategy to ensure focused aggressive growth.
MBA: Finance, Statistics and Production ManagementUniversity of Chicago - Graduate School of BusinessChicago, IL, USUniversity of Chicago - Graduate School of Business, Chicago, IL MBA, Concentrations in Finance, Statistics and Production Management
Bachelor of Science: AccountingMarquette UniversityMilwaukee, WI, USMarquette University, Milwaukee WI Bachelor of Science in Accounting
executive team reporting directly to the CEO, responsible for all financial and infrastructure needs of this startup Internet business. Created a business-to-business exchange for streamlining the procurement process of large complex IT projects through the use of virtual trading pits
Forecasting, Assisted Living, Senior Residential Care, Finance, Million, Operations, Sales, Accounting, Cash, Financial Analysis, And Sales, Asset Management, Billing, Budgeting, Ccrc, Claims, Documentation, Financial Management, Gaap, Increase, Marketing, Medicare, Sales And, Segmentation, Training, Data Validation, Financial Modeling, Petroleum, Pipeline, Assisted Living Facilities, Healthcare, Real Estate, Corporate Finance, Flash, Treatment Plants, Wastewater, Wastewater Plant, Wastewater Treatment, Wastewater Treatment Plants, Internal Controls, Loans, Mentoring, Solutions, Sale And, The Sale, Cash Management, Facets, Procurement, Buying/procurement, Financial Planning, Human Resources, Including Accounting, Inventory, Just In Time, Lighting, Purchasing, Strategic Planning, Warehouse Operations, Business Plan, Business-to-business, Closing, Drafting, Exchange, Risk Management, The Accounting, Trading, Mba, Production Management, Statistics