Certified Treasury Professional with an International MBA in Finance bringing over 14 years of progressive experience in domestic and international treasury and corporate finance, restructuring, strategy, forecasting, process improvement, and change management in environments ranging from private to public, distressed to profitable, highly-leveraged to cash-rich, owner-managed to Fortune 500.
Business Supplies Distributor
Twin Cities, MN
August 2006 Present
Vice President & Treasurer
Reporting to the CEO, recruited to establish strong treasury controls and processes; responsible for debt, interest risk, foreign exchange risk, global cash, credit support, insurance, and capital structure.
Direct analyst in delivering daily cash management, liquidity forecasting, covenant compliance, affiliate financing, cash reporting, credit support and financial risk management.
Manage $125M global debt portfolio and associated covenant compliance. Support negotiations and structuring for 9 senior and 7 subordinated debt amendments, accommodating evolving business needs and conditions, including three divestitures.
Driving refinancing initiative to reduce cost of capital, realign capital structure and expand borrowing base in order to fund growth and better utilize assets.
Prepare weekly, monthly, quarterly and annual financial disclosures and support MD&A.
Partner with business unit management to identify, measure and mitigate financial risks. Develop and execute strategies for FX and Interest Rate hedging.
Refined 13-week Cash Forecasting model; developed methodology to incorporate demand planning and purchasing data, reducing average weekly actual to forecast variance from 40% to 3%.
Standardized and refined Lease-Buy analysis methodologies and models for equipment, facilities, IT infrastructure and vehicles.
Developed enterprise valuations for divestitures, restructuring and equity repurchases.
Support due diligence for credit facility extensions, divestitures, refinancing and sale of company.
Tier One Auto Supplier
Detroit MI
December 2005 July 2006
Director, Financing Strategy
Recruited to drive restructuring efforts, and reporting to the Assistant Treasurer, responsible for debt, interest risk, intercompany lending, credit support, and capital structure and affiliate funding.
Supported negotiations and structuring for refinancing $1.2B debt portfolio.
Developed and implemented plans, in coordination with Tax, Legal, and Regional management, for mobilizing global cash, migrating profit, affiliate financing, dividends, and creating tax-effective ownership structures.
Global Chemicals Company
Twin Cities, MN
June 2003 December 2005
Treasury Manager
Reporting to the Assistant Treasurer, managed debt, interest risk, intercompany lending, pension, credit support, and capital structure and subsidiary funding.
Recommended and implemented rationalization of European legal and tax structures under European Holding Company and Finance Branch, realizing $8M ongoing annual tax savings, and repatriation of 112M during 2004.
Proposed, structured and implemented capitalizations, pension contributions, dividend plans, credit and funding for foreign subsidiaries. Rationalized and restructured $2B intercompany loan portfolio.
Managed $770M global debt portfolio, including 200M commercial paper program, and associated covenant compliance. Negotiated and managed credit commitments in excess of $700M. Supported renewal negotiations for $450M 5-year revolving credit facility in 2004.
Supported rating agency and BOD reviews relating to debt, capital markets, retirement plan performance, interest expense, and capital structure.
Global Battery Manufacturer
Southern NJ
October 2002 April 2003
Interim Assistant Treasurer
Upon relocation of Access operations overseas, recruited as Assistant Treasurer reporting to the Treasurer to manage global cash, intercompany funding, credit support, and Debtor-in-Possession financing.
Developed and coordinated implementation of restructuring strategies, delivering free cash flow of $8M and $5.3M ongoing annual tax savings.
Managed $875M global credit facilities, $250M DIP facility and $561M intercompany loan portfolio.
Negotiated agency role for Netherlands corporate bank in $150M European Asset Securitization, increasing efficiency and reducing liquidity needs.
Private International Investment Group
New York, NY
April 1998 July 2002
An international private investment group providing management services to wholly-owned assets in the former Soviet Union, and managing all international financing, sales, and logistics.
Financial Controller
Recruited by Access to report to the CFO, leading a multi-functional team of seven with three direct reports in managing the $1.3 billion metals trade and export operations.
Managed liquidity, investments, collateral, A/R and A/P for corporate & subsidiaries. Forecasted cash flows for both working capital needs and strategic investments.
Developed and managed international corporate bank, providing credit, funding and FX risk management to corporate & subsidiaries. Managed global intercompany loan portfolio of $261M.
Analyzed, structured, negotiated, and implemented all financing activities including production financing, collateralized borrowing, credit facilities, lease-buy analyses, budgeting, planning, capital structure, capital expenditures, asset restructuring, and repatriation.
Previous Positions July 1991 April 1998
Bagelcraft, Inc., W. Hempstead, NY, July 1997 April 1998, Contract Consultant, Operations; U.S. Agency for International Development, Moscow, Russia, June 1996 November 1996; Financial Market Development Analyst, Intern; Bank of America Mortgage, Inc., Uniondale, NY,. March 1993 May 1995; and Mortgage Services Administrator, Whitenack Associates, New York, NY, July 1991 January 1993, Assistant to Head Trader
Education & Professional Development
Moore School of Business, University of South Carolina, 1997
International MBA, Finance
University of Notre Dame, 1991
B.A., Government & International Studies/ Russian
Certified Treasury Professional (CTP), Association for Financial Professionals, 2000
AFP Honors Program, Association for Financial Professionals, Recipient, 2007, 2008
Technical Skills
Windows NT/XP; Microsoft Office Suite; Treasury workstations; Bloomberg; Reuters; QuickBooks; Hyperion, IFS, Proclarity, Groupwise.
Affiliations
AFP Corporate Treasurers Council, Member; Association for Financial Professionals, Member; Minnesota Treasury Management Association, Member |
