Mike Lerum
Rochester,USA
Summary
Results-driven management professional with proven ability to lead teams to success. Strong focus on team collaboration, operational efficiency, and achieving measurable outcomes. Adept at strategic planning, process improvement, and fostering culture of accountability and excellence. Known for adaptability and consistently meeting changing organizational needs.
Overview
1
1
Certification
11
11
years of professional experience
Work History
Finance Expense Manager – FP&A/Accounting
Inovalon
Minneapolis, MN
11.2024 - Current
- Led financial planning and analysis for business unit, managed operating expenses to align with strategic and financial objectives
- Mentored staff on best practices, fostering professional growth and skill development.
- Facilitated training sessions to enhance team performance and ensure compliance with industry standards.
- Established key performance indicators for team performance evaluation, driving accountability and continuous improvement efforts.
Principal Financial Analyst
Inovalon
Minneapolis, MN
03.2024 - 11.2024
- Analyzed complex data sets to identify trends and provide actionable insights for management.
- Developed financial models to support strategic decision-making and enhance forecasting accuracy.
- Led cross-functional teams in implementing process improvements that streamlined financial reporting.
- Mentored junior analysts, fostering skill development and promoting best practices in financial analysis.
Senior Financial Analyst
Inovalon
Minneapolis, MN
10.2022 - 03.2024
- Developed and implemented forecasting models to enhance accuracy of revenue projections.
- Provided valuable insights by leading monthly variance analysis reviews between actual results and budget/forecast expectations.
- Led initiatives to automate reporting tools, reducing processing time and increasing data accessibility.
- Provided actionable recommendations based on trend analysis to support executive leadership in strategic planning.
Senior Financial Analyst – Revenue Analytics
Optum
Eden Prairie, MN
01.2022 - 10.2022
- Conducted financial analysis, forecasting, and risk assessment for subscription and volume-based products to support strategic decision-making
- Collaborated with accounting to align forecasts with actual results, enhancing financial reporting accuracy
- Analyzed actual results and variances against plan in meetings with departmental managers to drive informed business decisions
Finance Analyst II - Development
Mayo Clinic
Rochester, MN
11.2019 - 12.2021
- Collaborated with allocations administrator to prepare impactful presentations, analyses, and reports for benefactors
- Analyzed financial data to identify trends and strategies supporting decision-making
- Tracked and managed budget expenses ensuring accuracy and transparency
Finance Analyst I - Program Services
Mayo Clinic
Rochester, MN
07.2017 - 11.2019
- Collaborated with accounting professionals to ensure effective execution of financial plans
- Prepared financial reports and presentations to clarify program-specific funding for Principal Investigators
- Developed and maintained complex financial models to detail funding requirements for each program
Market Revenue Analyst
IBM
Rochester, MN
03.2017 - 07.2017
- Reported revenue trends and insights for North America, Asia, and Europe to inform strategic decisions
- Tracked and reported purchase orders for IBM to CFO (Martin Schroeter) to ensure financial oversight
- Created performance benchmarks to assess and enhance organizational achievements
Revenue Lead - IBM Security
IBM
Rochester, MN
01.2016 - 03.2017
- Analyzed key performance indicators and financial ratios to provide insights for strategic decision-making
- Developed PowerPoint presentations to communicate business performance against goals
- Executed variance and gap analysis to identify discrepancies and inform corrective actions
Education
MBA - Business Administration
Saint Mary's University of Minnesota
Rochester, Minnesota12-2023
Bachelor of Science - Corporate Finance
Minnesota State University
Mankato, Minnesota12-2014
Skills
- Financial modeling
- Variance analysis
- Data analysis
- Reporting proficiency
- Microsoft Excel expertise
- Process optimization
- Account reconciliation
- Monitoring expenditures
- Complex Problem-solving
- Time management
- Proactive leadership
- Team leadership
- Strategic team management
- Prioritization skills
- Attention to detail
Certification
Maximizing Your Leadership Potential - Center for Creative Leadership
Timeline
Finance Expense Manager – FP&A/Accounting
Inovalon
11.2024 - Current
Principal Financial Analyst
Inovalon
03.2024 - 11.2024
Senior Financial Analyst
Inovalon
10.2022 - 03.2024
Senior Financial Analyst – Revenue Analytics
Optum
01.2022 - 10.2022
Finance Analyst II - Development
Mayo Clinic
11.2019 - 12.2021
Finance Analyst I - Program Services
Mayo Clinic
07.2017 - 11.2019
Market Revenue Analyst
IBM
03.2017 - 07.2017
Revenue Lead - IBM Security
IBM
01.2016 - 03.2017
Bachelor of Science - Corporate Finance
Minnesota State University
MBA - Business Administration
Saint Mary's University of Minnesota