Todd Reiman
Finance Director, Fp & a Strategic Portfolio Management @Blue Cross and Blue Shield of Minnesota
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WORK HISTORY
Finance Director, Fp & a Strategic Portfolio Management @Blue Cross and Blue Shield of Minnesota
Eagan, MN, US
Serve as a trusted advisor while supporting four executives, providing financial planning and analysis for multiple business units, driving cost reduction initiatives, and offering critical insights. Manage the strategic investment portfolio and lead investment governance processes. Lead a team that completes business cases and cost benefit analysis in support of strategic investments. Lead FP & A for multiple business units, including 1,700+ FTEs and $350M of SG & A expense. Improved product cost competitiveness by revamping the administrative cost structure, achieving an annual cost savings of $50M. Transformed management of the $80M strategic investment portfolio. Optimized the portfolio management team, resulting in a cost savings of $200K/year. Engineered a new investment governance process that reduced participants and requirements, saving over 250 labor hours per month and reduces turnaround times from several weeks to days. Enabled five consecutive years of beating budget by an average of 2% across all divisions.
EDUCATION
UMN Carlson School of Management
MBA, Finance & Strategy
UMN Carlson School of Management
BSB, Finance & Economics
South Dakota State University
Economics
SKILLS
ABOUT TODD REIMAN
Throughout my career in FP & A leadership, I have delivered substantial cost savings, enhanced efficiency, and improved financial models. I am known for developing effective solutions to operational challenges and generating a lasting impact on business growth and success. My passion lies in driving strategic growth, executing cost-saving initiatives, and fostering financial discipline. I am a collaborative, highly inspirational executive who adds value by:• Successfully spearheading cost-reduction initiatives that have yielded over $400M in annual savings across multiple businesses.• Improving capital management and financial modeling for a large care provider acquisition with $600M in revenue and $28M of annual capital expenditures.• Leading a team of (direct and matrixed) employees to successfully implement a $300M IT project, achieving $35M in annual cost savings.• Developing deep relationships across all levels of the organization, especially with C-level executives and officers.• Proven experience building high performing teams across multiple businesses, both on-shore and off-shore.• Achieving positive results in competitive industries by providing collaborative team leadership, coaching, and mentoring, inspiring top performance from colleagues.Contact: t••••••••@gmail.com
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