Andrew R. Wahab
Mount Forest,ON
Summary
Highly skilled senior financial and business analyst with more than 30 years of experience in the private and public sector consisting of: Financial management reporting, accounting, monthly, quarterly and review of yearly audits Decision support; statistical and business analysis, financial modeling, flex-budget development, and implementation of procedural controls resulting in measurable results for reputable cross-sector organizations both in the Public and Private Sector.
Overview
40
40
years of professional experience
Work History
Senior Lead, Funding & Allocations, Performance and Contract Management
Ontario Health/Local Health Integration Network (LHIN)
01.2012 - Current
- Oversee and enhance financial accountability, performance of programs, risk management and sustain financial accountability with (all) agencies funded by the LHIN.
- Collaborate with senior management of Hospitals (HSPs) decision support, finance and program directors in preparation of business and funding plans and monitoring systems to maximize performance deliverables within the budgeted funding envelope.
- Management of development of Hospital Service Accountability Agreements (HSAA). Funding agreements for programs, including planning, initial allocations, in-year reallocations and year-end settlements.
- Lead for Health System Funding Reform (HSFR) consisting of Health Based Allocation Methodology (HBAM) and Growth Efficiency Model (GEM) implemented in 2020-21, Quality Based Procedures (QBP) Provincial Programs (PPB). Managed funding and deliverables of all Ministry funded programs.
- Member of Provincial Working Group for HBAM, QBP and Bundle Care.
- Decision support for (PCOP) based on conducting environmental scan of HSPs services to determine capital investment for the out years.
- Develop reports based on qualitative and quantitative analysis of HSPs programs data to support senior official’s discussions with ministry.
- Establish LEAN process plans for team to implement and attain operational efficiency.
- Design and implement Excel based measuring tools for diversified hospital programs to monitor deliverables of both funding and performance.
- Provincial lead and developer for design and implementation of hospitals fiscal year web enabled self-reporting system (SRI) for the Ministry of Health Data Branch. System hosts data submissions by all hospitals in the Province to report their annual and quarterly budget, financial and clinical data and forecast year end data at an aggregate level. It also contains datasets on a variety of performance measures, such as service volume, quality indicators and measures of patient safety.
- Achievements:
- Maintain balanced budget of $1.5B for programs at two corporations consisting of six sites.
- Implemented and streamlined cutting-edge evidence based data management procedures, improving the operational efficiency of the hospitals patient based delivery models for diversified programs.
- Attained $3M cost saving for $33.8M program through extensive data analysis and financial review of historical funding and cost analysis.
- Managed hospital programs with a variance not greater than 1%.
Financial Manager and Business Strategist
Cancer Care Ontario, Ontario Renal Network (ORN)
01.2010 - 01.2012
- Establishment of operational goals, objectives and strategies and implement initiatives to support the achievement of the corporate strategic plan.
- Conducted statistical analysis to foster annual business plans, contingency plans, and results based plans for current and future years.
- Advised and provided recommendations to stakeholders to address issues or mitigate risk elements.
- Prepared options and recommendations based on statistical evidence on financial impact and strategic direction for program operations at provincial level and reporting to the MOHLTC.
- Provide solutions to a wide range of complex problems including alignment of provincial volume planning, funding and implementation of new funding model under Health Based Allocation Methodology (HBAM). Lead in problem definition, identification of strategic gaps, environmental scanning and identification of future trends in Chronic Kidney Disease (CKD) management.
- Provided leadership and established process for knowledge transfer to the newly establish team.
- Achievements:
- Developed funding model to effectively maximize funding for complete continuum of patient care.
- Funding Model implemented by the organization in fiscal year 2013.
Senior Lead Financial Consultant/ Provincial Business Strategist
Ministry of Health (MOHLTC), Provincial Programs & Financial Management Branch
01.2006 - 01.2010
- Management of provincial programs budget and funding allocation specific to services of Cardiac, Chronic Kidney Disease, Transplant and Neuroscience.
- Provincial trend analysis specific to establishing fluctuation in demand for the above-mentioned programs and development of Multi-Year Planning.
- Operational review of hospitals consisting of monitoring/management of funding specific to performance.
- Budget planning based on utilization and specific regional pressures methodology.
- Review cost centre controls and assist with the provision of financial management towards balanced budget as stipulated under the Local Health Integration Network (LHIN).
- Budget analysis and negotiations of transfer payments to agencies and facilities.
- Key point of interface on business and financial management of core programs for internal and external stakeholders.
- Participation in MOHLTC working groups, committees, and work collaboratively with the LHINs, through interface meetings with the C.E.O and C.F.O of hospitals consisting of negotiations pertaining to program review and funding allocation of core programs.
- Evaluate programs efficiency and financial requirements across the province by continual review of hospitals trend analysis consisting of financial, statistical and performance data.
- Case Costing Senior advisor and analyst for development and implementation of rates for volume based procedures.
- Provide recommendation to achieve and deliver MOHLTC model of excellence in care.
- Develop out year budgets based on statistical data examination, financial modelling, and program performance of Regional Centre hospitals providing these programs.
- Achievements:
- Process improvement through development of in-year financial modeling to volume management resulted in sustaining a 1% variance on provincial investment of $1.5B for these programs.
- Implementation of this process still applied in quality and funding management by the provincial programs division of ministry.
Senior Financial Consultant
Ministry of Health, Toronto Regional Office
01.2005 - 01.2006
- Lead for completion of demerger between Sunnybrook and Women’s College hospitals and formation of infrastructure for continuation of service in an equitable manner for each of the respective organization in a cost effective manner.
- Comparative analysis of direct and indirect costs based on benchmarks of both organizations.
- Examination of Service Level Agreements to determine functional and operational costs based on deficiencies and efficiencies.
- Determine fair and equitable funding to meet the requirements of both service providers on a go forward basis.
- Holland Hips and Knee Project (Sunnybrook Hospital) Expansion Feasibility Analysis
- Achievements:
- Established turn-key operations for both organizations.
- Feasibility study identified high risk on investment and project not undertaken. Cost saving of $350M.
Senior Project Manager, Integrated Business Analyst
International Profit Associates (IPA), Buffalo Grove, Illinois. USA
01.2002 - 01.2004
- Holistic review of small to mid-size companies both in the USA and Canada consisting of operations, quality control, finance and marketing strategies.
- Development and Implementation of plans specific to the goals of the companies.
- Business and financial planning consisted upon the following building blocks of the companies: Management, Operations, Control, Finance and Marketing.
President and Managing Partner
Optimum Business Development Corp. (OBDC) Waterloo, Ontario
01.1990 - 01.2002
- Acquisition and management of commercial properties in Kitchener/Waterloo Region.
- 51% ownership of Glen Lovat Golf Course in New Glasgow Nova Scotia.
- Objective development and implementation of streamline process for improvement in organizational structure and profitability for re-sale. 2-year profitable turnaround accomplished.
- Total turn-key development of Bros. Fine Dining in Waterloo Ontario, from concept to start-up and management. Rated as top 2 restaurants in the region.
International Monetary Fund (IMF)
01.1986 - 01.1990
- Country of focus Colombia.
- Promote financial stability and monetary cooperation. Facilitate international trade, promotes employment and sustainable economic growth.
- Concessional financial support to achieve, maintain and restore a stable and sustainable macroeconomic position consistent with strong and durable poverty reduction and growth.
- Developed framework for international economic cooperation with Canada (CIDA) and Asia Pacific (OECD).
Education
MBA and Masters in International Relations -
University of Toronto
01.1986
Honors B.Com. - Business/Economics and International Affairs
Wilfrid Laurier University
01.1983
Skills
- Friendly, positive attitude
- Teamwork and collaboration
- Customer service
- Problem-solving
Accomplishments
- 2002 Copyright for Easy Business Analyzer (EBA)
- Designed and developed proactive decision making software to determine the impact of expenses and revenue on the profit level of organization.
- Aimed to measure and manage business profitable outcome based on “What if” scenario.
- Certified ISO internal auditor (2004)
Languages
Hindi
Interests
- Volunteering
- Outdoor Recreation
- I participate in a variety of outdoor recreational activities
- Playing Sports
- Running
- Enjoy hobbies that combine physical activity with outdoor exploration
Timeline
Senior Lead, Funding & Allocations, Performance and Contract Management
Ontario Health/Local Health Integration Network (LHIN)
01.2012 - Current
Financial Manager and Business Strategist
Cancer Care Ontario, Ontario Renal Network (ORN)
01.2010 - 01.2012
Senior Lead Financial Consultant/ Provincial Business Strategist
Ministry of Health (MOHLTC), Provincial Programs & Financial Management Branch
01.2006 - 01.2010
Senior Financial Consultant
Ministry of Health, Toronto Regional Office
01.2005 - 01.2006
Senior Project Manager, Integrated Business Analyst
International Profit Associates (IPA), Buffalo Grove, Illinois. USA
01.2002 - 01.2004
President and Managing Partner
Optimum Business Development Corp. (OBDC) Waterloo, Ontario
01.1990 - 01.2002
International Monetary Fund (IMF)
01.1986 - 01.1990
Honors B.Com. - Business/Economics and International Affairs
Wilfrid Laurier University
MBA and Masters in International Relations -
University of Toronto