Ken McDonald
Director of Finance
Professional Overview
Ken McDonald is an accomplished finance professional with over 15 years of experience leading financial operations and strategic planning initiatives. As the Director of Finance at Life Enriching Communities, he oversees all aspects of the organization's financial management, driving sustainable growth and ensuring robust financial health.
Experience Summary
Current Role
As the Director of Finance at Life Enriching Communities, Ken is responsible for managing the organization's financial functions, including budgeting, forecasting, cash flow management, and financial reporting. He works closely with the executive team to develop and implement strategic financial plans that align with the company's long-term objectives. Under Ken's leadership, the finance department has streamlined processes, improved cost efficiencies, and implemented best-in-class financial controls to ensure the organization's continued financial stability and success.
Career Progression
Prior to his current role, Ken held progressive finance leadership positions at various healthcare and non-profit organizations. He served as the Controller at Mercy Health for 7 years, where he played a key role in the implementation of a new enterprise resource planning (ERP) system and the optimization of the organization's financial reporting capabilities. Earlier in his career, Ken was the Finance Manager at the American Red Cross, where he gained valuable experience in non-profit financial management and strategic planning.
Academic Background
Ken holds a Bachelor of Science in Accounting from the University of Cincinnati and is a Certified Public Accountant (CPA). He is also a member of the American Institute of CPAs (AICPA) and the Ohio Society of CPAs, actively participating in industry events and professional development opportunities.
Areas of Expertise
- Financial planning and analysis
- Budgeting and forecasting
- Cash flow management
- Financial reporting and controls
- ERP system implementation and optimization
- Non-profit financial management
- Strategic financial decision-making
Professional Impact
During his tenure at Life Enriching Communities, Ken has spearheaded several initiatives that have had a significant impact on the organization's financial performance. He led the implementation of a new budgeting and reporting system, which has resulted in a 20% improvement in budget accuracy and a 15% reduction in administrative costs. Additionally, Ken has played a crucial role in securing several major grants and funding opportunities, contributing to the organization's overall financial stability and growth.
Conclusion
With his extensive experience, strong financial acumen, and proven track record of driving organizational success, Ken McDonald is a valuable asset to the Life Enriching Communities team. He is committed to leveraging his expertise to enhance the company's financial operations, support its strategic objectives, and contribute to its continued growth and impact within the community.
