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Jim Budney, Finance Expert in Valhalla, NY, United States
Jim Budney

Finance Expert in Valhalla, NY, United States

Member since December 13, 2019
A highly accomplished and versatile finance professional, Jim worked on finance teams of top investment banks (Citigroup, Merrill Lynch), optimized returns of a $12 billion AUM hedge fund (Point 72), lead 12 surgery centers as CFO and executed over $25 million in M&A transactions in 2019. He joined Toptal to help advise clients on complex M&A, corporate finance, and VC transactions.
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Career Highlights

Education

Select Certifications

Case studies

Expertise

Employment

  • CFO

    2022 - 2022
    Wholeview Wellness
    • Built and oversaw companywide financial planning, accounting, treasury, payroll, and IT departments.
    • Managed all finance activities from business planning, AR/AP, budgeting/forecasting, monthly close to working capital, cash flow, banking activities, and business risks ($1.3M in annual revenue).
    • Owned monthly and quarterly financial reporting to Board members and Executive team.
    • Served as key member of executive leadership team providing strategic and operational recommendations on major growth initiatives.
    • Established SOPs for accounting, reporting, capex, credit card use, BYOD, and HIPAA compliant data containment.
    • Consolidated financial reporting into QuickBooks, created chart of accounts, and developed internal governance structure and processes for reporting.
    • Raised $1M from PE firm and launched new Medicaid SUD program for lower income patients ($10M in revenue by year 3).
    • Increased financial visibility and improved operational insights through implementation of Zoho Analytics (BI software).
    • Renegotiated multiple vendor contracts realizing $350K in savings over the next 2 years.
    Focus areas: CFO, FPA, Financial Planning & Analysis (FP&A), Treasury, Cash Flow, Capital Raising, Reporting, BI Reporting, Monthly Close Process, Accounting, GAAP, Chart of Accounts, Business Models

  • Head of FP&A

    2021 - 2022
    United Urology Group
    • Ownership over companywide financial planning and corporate accounting functions (multi-state, $1B annual revenue).
    • Managed the strategic direction of the finance team (3 employees) and rebuilt trust across all channels of the organization to become key thought partner in all operational decisions.
    • Standardized monthly financial reporting to executive and PE firm, while accelerating close from 20 business days to 14.
    • Implemented internal audit procedures which identified $250K in cost savings opportunities.
    • Restructured FP&A, treasury, and accounting, improving financial reporting accuracy and cash flow management.
    • Developed SOPs for budgeting, financial reporting, capex, and cost management.
    • Optimized reporting and forecasting accuracy by implementing Power BI platform across all locations resulting in automated finance and accounting processes and real-time reporting functionality.
    • Aided in closing merger with second largest ASC management company in the country.
    Focus areas: Reporting, BI Reporting, Budgeting, Forecasting, Cash Management, Cash Flow, 13-week Cash Flow, Projected Cash Flow, Mergers & Acquisitions (M&A), Financial Planning & Analysis (FP&A), Strategy, Accounting, US GAAP, Business Models, Chart of Accounts

  • Finance Director

    2020 - 2021
    OSG
    • Implemented new ERP and Solver BI360 to integrate financials of all 22 acquisitions made since 2018.
    • Realized $35M in saves within first 3 months from identifying redundancies.
    • Successfully pitched a $26M capital infusion from PE firm to help OSG achieve Fintech transformation within the next 3 years.
    • Directed and managed monthly close, financial reporting, forecasting, and budgeting process firmwide ($700M annual revenue).
    • Spearheaded financial strategic efforts to transform company from billing services to Online Payment/Fintech.
    Focus areas: Budgeting, Close Procedures, Monthly Close Process, Forecasting, Integration, Post-merger Integration, Oracle ERP, Business Models, SaaS, Chart of Accounts

  • Corporate Development

    2016 - 2020
    Surgical Care Affiliates
    • Completed $38 million in transactions: three acquisitions, one merger, and one De Novo contributing $46 million in additional revenue within the first full year of operations.
    • Assisted in all stages of the investment process from source to close, including market assessment, data collection, due diligence, valuation analysis, and internal/external deal presentation.
    • Led and facilitated negotiations of transaction terms and legal documentation.
    • Performed feasibility analysis for new construction (De Novo) of surgical centers from ground up.
    • Developed and maintained relationships with potential new targets.
    • Worked closely with operations and the sales team to define the value proposition in untapped markets.
    • Acted as interim CFO for 12 Outpatient Ambulatory Surgery Centers (ASC) in the Northeast and Mid-Atlantic regions generating a $9 million profit.
    • Responsible for developing and gaining buy-in from C-suite executives on budgets, forecasts, and long-term strategic plans for each region.
    • Presented monthly overviews to board members and senior executives (COO and CFO) detailing budget vs actual P&L performance, outlook for remainder of the year, and key KPI metric trends.
    • Evaluated financial impact of special transactions (re-syndications, new service lines, and M&A transactions) and proposed recommendations to enhance executive decision-making.
    Focus areas: Financial Ratios, Financial Modeling, Legal Documentation, Financial Data Analytics, Valuation, Market Opportunity Analysis, Term Sheet Negotiations, Negotiation, CFO, Divestitures, Mergers & Acquisitions (M&A), Business Models

  • VP - Financial Analysis

    2014 - 2016
    Geller & Co.
    • Developed pricing models to validate the financial feasibility of new products and submitted go/no go recommendation; resulted in two new products generating $500,000 in sales within the first three months.
    • Established a robust revenue model and improved pipeline reporting; resulted in improved revenue forecast accuracy and refined sales targets.
    • Led departmental price increase initiative; worked closely with business COOs and sales reps to endorse price increase and communicated projected revenue impact to senior management.
    • Assessed operational and business strategies of the client to increase financial performance.
    • Provided senior management and business heads (COO and head of sales) with monthly budget vs. actual P&L analysis, forecasting, CAPEX analysis, KPI metrics, client analytics, headcount, quarterly business overviews, and a five-year strategic plan.
    Focus areas: Financial Modeling, Financial Advisory, Financial Data Analytics, Budgeting, Market Research & Analysis, Sales & Marketing, Pricing Strategy, Price Analysis, CFO, Advisory, Business Models, SaaS, Chart of Accounts

  • VP - Financial Analysis and Capital Planning

    2011 - 2014
    Point 72
    • Developed complex financial models to project multi-year returns by strategy and short-term/long-term liquidity scenarios assisting the CEO, CFO, and senior management in decision-making related to investments (fund level and private) worth over $500 million and capital structure.
    • Liaised with multiple departments (Tax, Accounting, Strategy, IT) to facilitate consensus on key decisions such as tax planning and alternative investments.
    • Worked closely with the valuation team to ensure accurate pricing of held for trading securities and derivative hedges for reporting and cash flow (margin calls) purposes.
    • Produced CEO’s personal financials (balance sheet, income statement, and cash flows) as a GP and LP.
    • Responsible as the finance manager for all real estate and technology-related projects of the firm (over $900 million spread over 50 projects).
    Focus areas: Project Management, Valuation Analysis, Asset Valuation, Financial Modeling, Financial Management, Personal Finance Management, Financial Planning & Analysis (FP&A), Estate Planning, Business Models, Chart of Accounts

  • VP - Financial Analysis

    2007 - 2009
    Merrill Lynch
    • Developed a new P&L structure in partnership with the Bank of America Merger team.
    • Collaborated with 21 business unit CFOs to reduce operational costs; resulted in over $1 billion savings.
    • Led budget process ($14 billion in net revenues); negotiated and gained buy-in from business unit CFOs of revised P&L and presented final consolidated product to Global Wealth Management CFO and COO.
    • Managed and trained a team of two analysts; assigned tasks and motivated them to meet strict deadlines.
    • Implemented VBA programming: resulted in 25% improved efficiency.
    Focus areas: Turnaround, Cost Cutting, Post-merger Integration, Budgeting, Financial Planning & Analysis (FP&A), Business Models

  • Assistant VP - Financial Analysis

    2006 - 2007
    Citigroup
    • Produced daily, weekly, and monthly trillion-dollar balance sheet analyses reports for senior management.
    • Implemented VBA modeling to revamp operations; resulted in ~50% improved efficiency.
    Focus areas: Excel VBA, Financial Data Analytics, Balance Sheet Optimization

Education

  • Master's Degree in Business Administration (MBA)
    2009 - 2011
    HEC Paris - Paris, France
  • Master's Degree in Corporate Finance and Valuation (MBA)
    2009 - 2011
    New York University - New York, USA
  • Bachelor's Degree in Finance
    2000 - 2003
    Pace University - New York, USA

Certifications

  • Chartered Financial Analyst (CFA)
    SEPTEMBER 2016 - PRESENT
    CFA Institute

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