Steven Scotch
About Steven Scotch
Steven Scotch is a Senior Finance Manager at ConnectiveRx, where he has worked since 2019. He has a strong background in financial management, having previously held positions at Kaman Aerospace Corporation and Scottish Re, and holds an MBA from Keller Graduate School of Management.
Work at ConnectiveRx
Steven Scotch has served as Senior Finance Manager at ConnectiveRx since 2019. In this role, he has implemented five new processes for the Hub Reporting Segment, which improved the reporting timeframe by approximately 1.5 days. He partnered with Executive Management to launch eight new programs and secure four additional contracts, contributing to a $10 million or 22% year-over-year sales growth. Additionally, he led a segment restructuring project that improved the company's gross margin by $5.1 million and increased the gross margin percentage by 2 percentage points in the first year of implementation.
Previous Experience at Kaman Aerospace Corporation
Before joining ConnectiveRx, Steven Scotch worked at Kaman Aerospace Corporation as Finance Manager from 2015 to 2019. During his tenure, he developed a department-level planning process that drove a 31% reduction in cost rates in 2017. He also implemented a free-cash flow model that resulted in year-end collections of $20 million in one month and improved the operating cash position by $2.4 million above plan in 2018. His leadership in strategic initiatives led to a 20% reduction in cost rates within six months, saving approximately $900,000.
Career at Scottish Re
Steven Scotch worked as Sr. Financial Management at Scottish Re from 2006 to 2013. His role involved overseeing financial operations and contributing to the financial strategy of the organization. His experience at Scottish Re provided him with a strong foundation in financial management, which he later applied in subsequent roles.
Education and Expertise
Steven Scotch earned his Master of Business Administration (MBA) in Financial Management from Keller Graduate School of Management of DeVry University, where he studied from 2000 to 2002. He also holds a Bachelor of Science (B.S.) in Accounting from Clarion University of Pennsylvania, which he completed from 1994 to 1998. His educational background equips him with a solid understanding of financial principles and practices.
Achievements and Recognition
Throughout his career, Steven Scotch has received recognition for his contributions to financial management. Notably, he was the recipient of the Operational Excellence (OPEX) Award in 2016 while working at Kaman Integrated Structures and Metallics. His work in leading cost reduction teams exceeded a $700,000 savings target over a three-year performance trend, showcasing his ability to drive financial efficiency.