Brian Drajem, CPA
Senior Associate, Healthcare Collateral Examination at White Oak Healthcare Finance, LLC- Claim this Profile
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Topline Score
Bio
Credentials
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Certified Public Accountant
8450
Experience
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White Oak Healthcare Finance, LLC
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United States
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Financial Services
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1 - 100 Employee
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Senior Associate, Healthcare Collateral Examination
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Jun 2019 - Present
KEY RESPONSIBILITIESLeading and overseeing third-party financial examiners on financial and compliance risk audits in the healthcare industry. Responsibilities include working with underwriters to close financial transactions, overseeing audit examination engagements, performing portfolio management and ABL underwriting tasks to ensure proper calculation of liquidity factors, and calculating the net collateral amount for loan advancement. Sign-off and approve final client reports and work papers to assure write-ups address significant findings. Identify and mitigate deal risks and apprise third-party compliance.KEY ACCOMPLISHMENTS● Developed expertise in financial forensics and best practices in healthcare due diligence.● Grew the business by executing multiple pre-loan exams totaling over $200MM during my tenure.● Led the development of a healthcare collateral examination process that increased our deal capacity by 50%.● Introduced competitive bidding for daily billable rates from 3rd party exam firms that enhanced our exam fee revenue by 17%.● Instituted KPIs to track, monitor, and improve the quality of deliverables from our vendors.
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LCG Advisors
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United States
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Financial Services
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1 - 100 Employee
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VP, Team Manager, Healthcare Advisory Group
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Apr 2016 - May 2019
KEY RESPONSIBILITIESLed a team of senior financial examiners to deliver on financial and compliance risk audits in the healthcare industry. Responsibilities include managing and scheduling staff on audit engagements, developing audit plans to accomplish risk and compliance objectives, reviewing the exam to ensure proper calculation of liquidity factors, and deriving the net collateral amount for loan advancement. Review and assess final client reports and work papers to assure write-ups address significant findings. Manage internal stakeholders and external clients expectations in identifying and mitigating risks and assessing third-party compliance.KEY ACCOMPLISHMENTS● Led audit teams on deals with loan commitments from $10MM or more and achieved 100% client satisfaction from clients executives.● Evaluated as a top performer within the Healthcare Group for the past 2 years.● Developed audit templates that resulted in 20% process improvement in completion time.● Trained and mentored new hires and senior examiners on auditing best practices.● Consult clients on audit findings, recommendations, and risk mitigation strategies.● Oversee staff recruitment, training, and development.
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GE Capital
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United States
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Financial Services
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700 & Above Employee
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AVP Lead Risk Analyst
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Feb 2002 - Sep 2015
KEY RESPONSIBILITIESLed financial and compliance risk audits with a myriad of clients and a particular emphasis on the health care industry. Responsibilities include developing an audit plan to accomplish risk and compliance objectives, performing the audit to derive liquidity factors, calculating the net collateral amount for loan advancement, and reporting on significant findings. Expert in identifying and quantifying risks and presenting financial and compliance results to internal stakeholders and external clients.KEY ACCOMPLISHMENTS● Consistently led deals with loan commitments ranging from $25MM to over $100MM with 100% satisfaction from internal clients and executives.● Judged to be the top performer and biller for the entire audit staff at Healthcare Financial Services for the past 5 years.● Performed pre-loan and recurring due-diligence examinations of national healthcare clients that resulted in zero misses for collateral risks.● Managed Peer Credit File Reviews to ensure compliance with internal policies and procedures.● Trained and mentored new hires and junior analyst on best practices in field report writing and client relationship management.
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Senior Accountant
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Oct 1999 - Feb 2002
KEY RESPONSIBILITIESDeveloped audit procedures for client engagements. Performed audits of not-for-profit organizations. Prepared financial statements for Senior and Managing Partner review.KEY ACCOMPLISHMENTS● Assembled financial statements based on audit for review for Senior and Managing Partner.● Established auditing procedures and methodologies for not-for-profit clients.● Supervised and trained staff auditors on auditing policies and procedures.● Conducted financial analysis of audited, compiled and reviewed financial statements.
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American Red Cross
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United States
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Non-profit Organizations
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700 & Above Employee
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Director of Accounting and Administrative Services
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1997 - 1999
KEY RESPONSIBILITIESRan the day-to-day accounting operations of the Chapter. Supervised a team of accountants that oversaw the accounts receivable/payable, payroll and budgeting functions, compilation of monthly financial reports, and planning/execution of the auditor requirements for year-end statements.KEY ACCOMPLISHMENTS● Prepared monthly/annual financial statements/reports for Executive Director and Chapter Board.● Developed assessment tool for evaluating profitability of products and services.● Produced and presented monthly department level performance reports with explanation of variances between actual and budgeted results to company executives.● Oversaw the reimbursement process between state and federal grants.
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Education
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1992 - 1994
Canisius College
Master of Business Administration (MBA), Finance and Marketing -
1987 - 1991
Canisius College
Bachelor's degree, Accounting and Finance
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