Nelson Russell Raines III
Moon
Summary
Finance professional with extensive background in financial analysis and management. Known for driving process improvements and implementing strategic financial planning. Reliable team player with focus on collaboration and adaptability to changing business needs.
Overview
12
12
years of professional experience
Work History
Finance Manager (Decision Support Analytics)
Highmark Inc.
12.2022 - Current
- Developed team of 6 individuals to centralize Purchase Order process and validation invoices. During my tenure the team has become 2.5x more financially efficient
- Built financial models for business cases and lead cross functional efficiency initiatives with Business Owners and FP&A to assure savings were properly capture in the 3 year strategic plan
- Developed cost per unit analytics for Business Owners and Procurement to support contract negotiations
- Directly manage ~$370M in vendor Budgets, helped to identify ~$57M in efficiencies over the course of 3 years
- Developed real time run rate projections within Oracle for vendors which allowed for better multi year forecasting and identification for areas of the business showing growth vs. shrinkage
Lead FP&A Analyst
Highmark Inc.
09.2021 - 12.2022
- Lead Budget and Forecast reviews with Actuary to determine appropriateness of Revenue and Claims
- Communicated business case review process with Portfolio Management and Finance teams while developing KPIs to determine financial viability of projects
- Create and maintain profit and loss statements for buy up products which account for $100M+ in Operating Margin, holding quarterly reviews with executive management
- Develop relationships between Sales Leadership and FP&A to deliver more timely and actionable financial results
- Develop goals and responsibilities for new team members to create consistent high-performance environment
Sr. Budget Analyst
Highmark Inc.
10.2018 - 09.2021
- Work with senior leadership to develop and maintain three-year Budget and Forecast for Administrative Expenses
- Work cross functionally with Enrollment, Market Segment Finance, and Post-Allocated Finance teams to align cost allocations and pricing strategies
- Acclimate new team members through trainings in Hyperion, Smart View, EPM, and FTE tracking
- Assisted in development of FTE approval process with Finance and HR, driving better management of resources
- Developed alternative hierarchy for Health Plan and coordinated with other business units to implement across the Enterprise
SRA Accountant
Mylan Pharmaceuticals Inc.
08.2016 - 10.2018
- Assisted in acquisitions and integrations of Renaissance Pharmaceuticals and Meda Pharmaceuticals
- Converged system data and accounting methodologies to complete the best representation of data for financial statements during integration process
- Completed reporting processes for Mylan Specialty including the SRA package which is ultimately included in the quarterly and annual reports (areas include Direct Rebates, Indirect Rebates, Returns, Coupons, Terms, Chargebacks, Medicaid, and Managed Care)
- Functioned in unison with multiple business units including all three branches of Mylan: Mylan Specialty, Mylan Institutional, and Mylan Pharmaceuticals Inc. and across departments including: General Accounting, Accounts Receivable, Accounts Payable, Pricing and Contracts, and Commercial finance
Auditor
Ernst & Young LLP
07.2014 - 07.2016
- Experience with clients in several industries including: Investments, Aluminum Extrusions, Refractories, and Education
- Performed substantive tests and analytics over significant audit areas: Investments (including level I, level II, and level III), Revenue, Cash, Accounts Receivable, Accruals, Fixed Assets, Prepaid Accounts, MICP, Art Grant, and Pension and Employee Benefit plans
- Assisted client team members for process improvements based on walkthrough procedures
- Communicated with upper management level employees on client site to organize timing of audit procedures
- Assisted and trained interns and new staffs as they work through audit procedures
Education
Bachelor of Science - Business Administration, Accounting and Finance, Psychology
West Virginia University
Morgantown, WV05.2014
Skills
- Budget forecasting
- Internal controls
- Continuous improvement
- Financial analysis
- Strategic planning
- Coaching and training
- Business partnering
- Financial modeling
- KPI management
- KPI development
Timeline
Finance Manager (Decision Support Analytics)
Highmark Inc.
12.2022 - Current
Lead FP&A Analyst
Highmark Inc.
09.2021 - 12.2022
Sr. Budget Analyst
Highmark Inc.
10.2018 - 09.2021
SRA Accountant
Mylan Pharmaceuticals Inc.
08.2016 - 10.2018
Auditor
Ernst & Young LLP
07.2014 - 07.2016
Bachelor of Science - Business Administration, Accounting and Finance, Psychology
West Virginia University