JOHN C. WELTY

John C. Welty, MBA, CPA

8618 Heather Run Dr S Jacksonville, FL 32256

Career Profile

Darden MBA and CPA experienced in treasury operations, investor relations and managing and analyzing institutional investments; special expertise in capital management, accounting (GAAP and statutory), cash management, budgeting, auditing, and public company reporting requirements (SEC)

Professional Experience

Fidelity National Financial, Jacksonville, FL January 2015 � Current

Corporate Accounting Manager

Perform purchase accounting evaluations of significant acquisitions (ASC 805), including working with external valuation experts
Owner of budgeting process for corporate operations, working with executives to formulate budgets and establishing a budget to actual reporting system
Helped improve budgeting system by transitioning it from outside our accounting system to within the accounting system
Owner of flash report distributed to executives, which includes important metrics and information for evaluating the business
Built significant automation into generating the flash report, which limits errors and improves efficiency
Coordinate month-end reporting within all levels of organization

Body Central, Jacksonville, FL October 2014 � January 2015

Director of Financial Reporting

Led the SEC financial reporting function, ensuring accuracy, compliancy and timeliness
Worked with internal and external parties to accurately file registration statement (Form S-1/A) and prospectus (Form 424B3)
Contributed to writing and reviewing external press releases
Assisted in close process by performing required accounting procedures (store impairment review, lease impairment review, trademark impairment review and effective interest method on debt)
Calculated equity share count and EPS for financial reporting

RailAmerica, Jacksonville, FL August 2011 � March 2013

Treasury Manager

Treasury

Assisted in the completion of a $75 million revolving credit agreement
Participated in a tender/refinancing, which involved the tendering of $444 million of high fixed rate senior notes, while issuing $585 million in lower variable rate senior notes
Managed debt compliance process, including both quantitative and qualitative covenants
Managed lease versus buy analysis process for locomotives
Completed and analyzed quarterly benchmarking presentation that was distributed to Board of Directors and senior management
Initiated wire and ACH transfers

Investor Relations

Project manager for the 2011 Annual Report, which included coordinating between senior internal team and external design firm
Analyzed shareholder data for our company that allowed us to target our investor relations efforts
Assisted in updating investor/shareholder presentations
Posted press releases to the public, as needed

FPIC Insurance Group, Jacksonville, FL July 2001 � December 2010

Director of Treasury Operations (2008 � 2010) Senior Financial Analyst (2001 � 2008)

Investments

Managed a $700 million investment portfolio; coordinated strategy, execution, and reporting with Board of Directors, CEO, CFO, outside investment managers, outside custodian, and outside accounting provider
Monitored investment manager performance versus established benchmarks
Created a dashboard that provided executive management and the Board of Directors a summary of the cash and investments position and activity
Negotiated investment management fees with outside investment manager

Financial planning and analysis

Led the companywide budgeting and planning process, including integrating all company plans into overall holding company financial model
Created departmental budgets at the holding company level
Evaluated the risk of outside financial institutions on our cash and investment accounts and letters of credit
Worked closely with internal and external auditors in order to ensure compliance with Sarbanes-Oxley
Analyzed potential other-than-temporary impairments (OTTI) in the investments portfolio, including evaluating cash flows; also evaluated cash flows for securities that were already deemed impaired
Completed ASC 350 (superseded FAS 142, goodwill and other intangible assets) analysis, including using income approach (NPV and sensitivity analysis) and market approach (multiples)
Coordinated ASC 820 (superseded FAS 157, fair value measurements) data for SEC filings
Assisted in the preparation and review of press releases and SEC filings, including Forms 10-Q and 10-K

Capital and cash management

Coordinated the raising of $45 million of 30-year trust preferred securities and senior notes, including providing due diligence and reviewing legal documents
Initiated the early termination and pay-off of a term loan and revolving credit facility

Managed cash across multiple companies to ensure adequate liquidity
Coordinated dividend strategy between subsidiaries and holding company

Share repurchase program

Managed corporate share repurchase program, working with multiple brokers
Successfully lowered the commission rate charged by brokers

Derivatives

Led the analysis and purchase of derivative instruments to hedge interest rate exposure

PricewaterhouseCoopers, Washington, DC June 1997 � June 2001

Senior Associate, Advanced Development Program

Consulting services

� Designed and implemented a program that tested the functionality of a software program for a high technology firm

� Evaluated, tested, and provided written recommendations for improvement of the internal control structure of a major governmental bureau

Assurance services

� Developed and executed audit programs for external audit opinions on financial statements

� Worked predominantly in the financial services sector, with an emphasis on insurance companies

� Researched and applied new accounting pronouncements and guidance

Project management

� Supervised multiple staff on client engagements, including providing on-the-job training

� Responsible for the coordination of multiple client engagements, including monitoring the budget and profitability level

Client relationships

� Acted as business advisor for multiple clients, primarily in the financial services industry

Ambassador Enterprises, Portsmouth, VA Summer 1996

Internal Consultant

� Implemented company web site from design to completion

� Produced print ad marketing campaign

� Authored, administered, and analyzed first ever employee survey

Reliance Trust Company, Atlanta, GA August 1993 � July 1995

Reorganization Coordinator (1994 � 1995) Collections Specialist (1993 � 1994)

� Recommended a supply vendor switch that was implemented, saving 10% a year on supplies

Education and Certifications

Master of Business Administration, Darden Graduate School of Business, University of Virginia, 1997

Bachelor of Science � Finance and Multinational Business (Magna Cum Laude), Florida State University, 1993

Certified Public Accountant

Applications

SAP � accounting

Oracle � custom reporting, budgeting, accounting

Workiva � SEC reporting

Hyperion � budgeting

Community

Past Coach, youth basketball and soccer

Past Member, Twin Lakes Academy Elementary School Advisory Council