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Ray Sweet, MBA, CPA

RaySweet

Chief Financial Officer

Direct Line: 443.798.7497
Toll Free: 800.677.7887
Direct Fax: 443.798.4120
E-Mail: RSweet@psafinancial.com
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Professional Background

Ray Sweet joined PSA as the Chief Financial Officer in May of 2012. An incredibly accomplished and talented business leader, Ray oversees PSA’s finance and accounting teams. Ray is a very resourceful and bottom-line oriented business management executive who brings unique leadership and vision to PSA.

Ray has more than 25 years of domestic and international experience in finance, operations and business management. Prior to PSA, Sweet spent seven years as Vice President and CFO of JPB Enterprises, where he was responsible for all finance functions and founded the company’s outsourcing practice. Other past positions include CFO and Business Manager for Broadcast Sports, Inc., and CEO and CFO for CHEMSPEC, Inc., a multi-national specialty chemical manufacturer. Ray started his career as an auditor for Coopers & Lybrand.

Ray holds an MBA in Finance from Loyola University Maryland and earned his Bachelors degree in Business Administration and Accounting from Towson University.

Ray is a Certified Public Accountant, and is a member of the American Institute of Certified Public Accountants, the Maryland Association of Certified Public Accountants and is a board member of Financial Executives International.

Business/Customer Service Philosophy

“PSA’s mission is to protect and grow the assets of our clients. We do this through a disciplined approach to managing their risk, exceeding their expectations and going above and beyond the traditional suite of services provided by our competitors. It is this true spirit of partnership that sets us apart, that increases the value of our relationships.”

 

Recent Blog Posts
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Apr
28th
Hours of Service under the Affordable Care Act (Benefit Minute)

Under the Affordable Care Act’s employer shared responsibility provisions (the employer mandate), employers with fifty or more full time equivalent employees are required to make an offer of health coverage to at least 95% of full time employees or pay a penalty that equates to $2,160 per employee (less 30) annually if one full time […]

controlling drug costs (compressed)

Apr
14th
Take Control of Your Company’s Drug Costs

For pharma, 2014 was a banner year: Prescription drug spending in the United States increased 13.1 percent to $374 billion, according to a report from IMS Institute for Healthcare Informatics. For employers trying to keep employee benefits costs under control, that’s not welcome news.

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Mar
31st
Qualified Transportation Plans (Benefit Minute)

A qualified transportation plan allows employees to receive transportation fringe benefits on a tax-free basis under section 132 of the Internal Revenue Code. The permissible transportation fringe benefits are qualified parking, transit passes, vanpooling and bicycle commuting. Set forth below is an overview of qualified transportation plans with special emphasis on qualified parking and transit passes. Local ordinances […]

Mar
17th
Why an Integrated Workforce Management System is Key to a High-Impact HR Operation

An integrated system of employee benefits administration used to be a “nice to have” for mid-sized companies. Today, it is very difficult to run a high-impact HR operation without an integrated technology platform, especially in light of new reporting requirements under the Affordable Care Act (ACA).