Director of Finance, Manager (1/98 – present)
Managed orderly liquidation of Financial Services Division, which consisted of a financial services company, a leasing company, and various funding vehicles, such as special purpose entities in support of asset backed securitization programs. Facilitated reduction of loan portfolio by 70% to $150 million, lease assets by 58% to $41 million and the liquidation of a $60 million portfolio of transaction oriented loans and lease contracts. Reduced operating expenses by 60% and staff by 70% without portfolio servicing and business interruptions. Coordinated all activities related to collections, operations and administration during wind down.
Responsible for corporate finance, treasury management, financial control and reporting, accounting, and daily operations for Financial Services Division. Set division wide budgets in excess of $3 million. Controlled performance compared to budget, with average cost of credit delivery at 35 bp of loan volume. Coordinated staff of up to 10 employees, evaluated performance and set incentives that resulted in very low turn over in personnel. Integrated $50 million swap program into asset/liability management system to hedge interest rate risk on $350 million loan portfolio.
Voting member of loan committee, approving annual loan originations of up to $90 million. Coordinated all aspects of credit administration of $500 million loan portfolio. Updated and enforced credit policies and procedures to enhance underwriting, documentation and servicing.
Negotiated, structured and implemented financing for approximately 35 affiliated companies, with capital requirements between $1 and $60 million. Coordinated and improved treasury functions and cash management systems. Initiated, implemented and administered various new ventures to react to business opportunities.
Affinity Plus, St. Paul, MN
Federally chartered financial services institution with over $600 million in assets, 180 employees and average monthly consumer loan origination in excess of $30 million. Provides full array of loan, leasing, savings, insurance and investment products to 90,000 members through a network of 22 branches, supported by phone and Internet banking.
Director (3/95 – 3/01)
Elected to two consecutive terms to nine member Board of Directors. Supported asset growth by 124% to $560 million and increase in membership by 80% to 90,000 members. Achieved sustainable growth primarily through market penetration and also through merger activities.
Introduced new policy governance model to enhance strategic leadership and to delegate corporate powers. Facilitated transition to new CEO and senior management. Chaired Personnel Committee to recommend and implement competitive, incentive based reimbursement for CEO. Developed and implemented annual board of directors performance evaluation.
St. Paul Bank, St. Paul, MN
Nationally chartered lending institution providing financial services and related technical assistance to agribusinesses and utility systems in the US. In 1999, St. Paul Bank merged with CoBank to form a financial institution with combined assets of $22 billion.
Credit Portfolio Analyst, Credit Portfolio Officer (6/93 – 12/97)
Developed and administered credit portfolio which increased by 133% to $700 million in three years. Structured and serviced the sale of up to $390 million in participations to diversify credit and funding risk. Developed models to identify and manage credit portfolio risk and portfolio return.
Consulted financial services customers regarding credit structuring and administration, credit policy and implementation, asset/liability management guidelines and strategies. Integrated off balance sheet financing and other non-traditional funding sources, such as asset backed securitizations and structured finance products, into existing funding relationships.
FAW Research Institute For Applied Knowledge Based Processing, Ulm, Germany
Foundation of public law initiated to research applied knowledge processing and artificial intelligence in the areas of computer integrated production, environmental information, human-computer interaction and resource management systems. Sponsors for research projects included Daimler-Benz, Hewlett Packard, IBM Deutschland, and Siemens.
Research Assistant (11/89 – 8/91)
Team member of RESEDA project (Remote Sensor Data Analysis) which had the objective to develop a knowledge based advisory system that facilitates the mulitspectral analysis of multitemporal raster images created by airborne or space borne sensors. Developed and applied statistical tools to enhance methods and systems to analyze remote sensing data. Designed and tested computer based algorithms utilizing statistical methods and mulitspectral data gathered by various information systems.
EDUCATION
Master of Science in Mathematics, 1993. University of Minnesota, Minneapolis, MN.
Studies concentrated in Probability Theory and Combinatorics. Employed as Graduate Teaching Assistant for classes in Undergraduate Mathematics and Mathematical Software Applications.
Vordiplom (Bachelor) in Mathematics and Business Administration, 1991. Universität Ulm, Germany.
Diplom (Master) in Wirtschaftsmathematik (Economic Mathematics), 1991. Universität Ulm, Germany. Studies focused on Economics, Finance, Mathematics, Computer Science and Statistics. Employed as Graduate Scientific Assistant for classes in Graduate Mathematics.
Graduate Studies in Mathematics, 1986-1987. University of Wisconsin, Milwaukee, WI. Employed as Graduate Teaching Assistant for classes in Undergraduate Mathematics.
Vordiplom (Bachelor) in Wirtschaftsmathematik (Economic Mathematics), 1986. Universität Ulm, Germany.
PUBLICATIONS
Random Walks and Excursions. Master's Thesis, University of Minnesota, Minneapolis, May 1993.
Statistische Methoden zur Unterstützung der überwachten Klassifizierung von Fernerkundungsdaten (Statistical Methods to Support the Supervised Classification of Remote Sensing Data). Wichmann Verlag Karlsruhe, 1992.
Einsatz von statistischen Methoden zur Verbesserung der Auswertung von Fernerkundungsdaten (Use of Statistical Methods To Enhance the Analysis of Remote Sensing Data). Forschungsbericht FAW Ulm, 1990.
LANGUAGES
Fluent in English and German. Strong background in French. Basic knowledge in Spanish.
PROFESSIONAL AFFILIATIONS
Financial Executives International, Member.
International WHO’S WHO, Member. |
