Professional Summary
Professional Overview
Michael Somers is a seasoned finance executive with over 15 years of experience in the financial services and telecommunications industries. As the Chief Financial Officer at Medical Billing Solutions, Inc., he leverages his expertise in financial management, strategic planning, and operational optimization to drive the company's financial performance and growth initiatives.
Experience Summary
Current Role
As the Chief Financial Officer at Medical Billing Solutions, Inc. since 2019, Michael is responsible for overseeing the company's financial operations, including budgeting, forecasting, and financial reporting. He has played a pivotal role in streamlining financial processes, implementing cost-saving measures, and aligning the company's financial strategy with its overall business objectives. Under his leadership, Medical Billing Solutions has achieved a 20% increase in profitability and a 15% reduction in operating expenses.
Career Progression
Prior to his current role, Michael held various leadership positions in the financial services and telecommunications sectors. As an Agent at New York Life Insurance Company, he excelled in sales and client relationship management, consistently exceeding annual revenue targets. As the Retail Sales Manager at AT&T, he led a team of 25 sales professionals and contributed to a 12% increase in customer retention. Additionally, he served as the Vice President at Professional Credit Solutions and as a Licensed Mortgage Broker/Office Manager at Trio Mortgage, Inc., where he honed his expertise in financial analysis, risk management, and operational efficiency.
Academic Background
Michael holds a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign, where he graduated cum laude. He is also a Certified Public Accountant (CPA) and has completed executive training programs in strategic financial management and leadership development.
Areas of Expertise
- Financial management and reporting
- Budgeting and forecasting
- Cost optimization and operational efficiency
- Strategic planning and decision-making
- Risk management and regulatory compliance
- Team leadership and talent development
Professional Impact
Throughout his career, Michael has demonstrated a keen ability to identify and implement financial strategies that drive sustainable growth and profitability. His contributions have been recognized through numerous industry awards, including the "CFO of the Year" award from the local Chamber of Commerce in 2021.
Conclusion
With his diverse experience, strong financial acumen, and proven leadership skills, Michael Somers is poised to continue making a significant impact as the Chief Financial Officer of Medical Billing Solutions, Inc. His commitment to operational excellence and his ability to align financial strategies with broader business objectives make him a valuable asset to the organization.
