David Ludwick
Chief Financial Officer @Kdw Ip Law Firm
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WORK HISTORY
Chief Financial Officer @Kdw Ip Law Firm
Raleigh-Durham, NC, US
Spearhead the virtual workforce of employees working from 15 states and assist the management on succession planning. • Drive the financial analysis process with full comprehension of key performance ratios, operating trends, and key industry indicators to identify opportunities and allocate resources that improve performance and enhance institutional value.• Manage the firm’s financial planning, LOC, and succession planning while ensuring maximum profitability. • Ensure financial reporting, budget, quarterly/monthly forecast reviews, and financial analyses were timely completed.• Study the economic trends and revenue opportunities along with projecting acquisition and expansion prospects.• Identify knowledge gaps and opportunities for improvements and drive operational, financial, and technology excellence.• Participate in pivotal decisions related to strategic initiatives and operational models and development of KPIs.
EDUCATION
University of Hartford
Bachelor of Science in Business Administration (BSBA), Economics & Finance
UMass Boston
Master of Business Administration - MBA
SKILLS
ABOUT DAVID LUDWICK
Analytical, accomplished, and result-driven Finance and Accounting Leader with 25+ years of experience directing financial planning and budget management operations. Skillful in developing and implementing policies and procedures to ensure business transactions and financial activities meet the mission, goals, and operating objectives of the company. Proven expertise in preparing financial reports, statements, and projections including income statements and balance sheets along with maintaining effective internal control procedures. A self-driven professional with the ability to thrive in a fast-paced environment coupled with ability to think outside the box and establish a strong foundation of principles and dedication. Key contributions include:• Managed firm’s conversion from QuickBooks to Rippe financial system, a full time management and financial system.• Transitioned all accounting functions internally from third party CPAs.• Saved the firm $160K+ over the past 2 years by converting the firm from a PEO to an internal management of HR.• Saved $280K by introducing insurance brokers to the firm.• Developed and executed a plan to freeze and scale back the unfunded retirement liability, saving the partnership a projected $2M over the next 10 years.• Implemented budgeting and monitoring templates to enhance profitability as well as established expense and vendor processing system and supported with information technology functions.• Led to 10% increase in new business by developing strategy to have certain business segments switch to value-based pricing instead of hour-based.• Conceptualized and designed first profitability model for the firm to help determine equity distributions for 400 partners.• Worked with the senior management in the acquisitions of 10 law firms that positioned Bingham from a top-200 firm to a top-25, over a period of 11 years.Skills: Accounting & Financial Management • Budgeting and Forecasting • Pricing & Cost Analysis • Cost Cutting • Risk Management • Information Technology Management • Human Resource • Marketing • Facilities Management • Accounts Receivable Management • Operations Management • Capital Asset Management • Audit & Regulatory Compliance • Billing Management • Forecasting & Modeling • Cross-functional Coordination IT Skills: Microsoft Office • SQL • Elite Time and General Ledger System • Clarity Financial & Budgeting System • Longview 7 Financial & Budgeting System • QuickBooks • Oracle • Hyperion • Rippe Financial System
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