TREASURY / SENIOR FINANCE EXECUTIVE
Senior financial executive with 15-plus years of broad treasury and financial management experience in small-cap growth and large-cap Fortune 500 companies. Strong problem solving, business analytics, financial modeling, negotiating and leadership attributes. Demonstrated ability to identify critical financial issues impacting company’s performance and develop cross-functional organizational solutions. Comprehensive in-depth experience across all treasury, corporate finance and accounting responsibilities. Rutgers MBA with functional strengths in:
• Capital Markets Origination
• Treasury Operations
• Liquidity Management
• International Treasury
• Acquisition Analysis
• Strategic Planning
• Financial Forecasting
• Financial Modeling
• Contract Negotiations
• SEC Reporting
PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS
MERITAGE HOMES CORPORATION, Scottsdale, AZ 2006 to 2010
12th largest public U.S. single-family homebuilder with annual revenues of $1.5 billion (2008).
Vice President, Treasurer
Recruited to improve corporate finance function of an S&P 600 Small-Cap growth company. Supervised all treasury and finance responsibilities including capital raising, liquidity management and financial planning and analysis. Instrumental in charting company’s liquidity during challenging residential homebuilding economic climate. Worked extensively to communicate financial strategy and operating performance to lenders, investors and rating agencies. Subsequently appointed to VP Finance role for all land acquisitions, off-balance sheet financing structures and joint ventures.
• Improved liquidity position significantly by renegotiating $850 million credit facility, issuing $150 million of high-yield bonds and raising $80 million of equity through follow-on offering.
• Implemented detailed financial forecasting procedures to accurately measure community-level gross margin, net contribution and divisional operating performance. Created consolidated cash flow analysis, individual project ROI and subdivision walk-away analyses. Incorporated key operating metrics and SWOT analysis into the 6Q forecast and five-year strategic plan.
• Reduced real estate inventory carrying amounts by upwards of $200 million through streamlined community-level lot purchase cash flow tracking procedures.
• Evaluated and obtained executive approval for more than 60 land and lot acquisition proposals totaling more than $140 million. Negotiated terms with land sellers, joint venture partners and lenders.
HERTZ CORPORATION, Park Ridge, NJ 1996 to 2006
A $12 billion worldwide leader in the rental car and industrial construction equipment rental industries.
Assistant Treasurer, Senior Director 2000 to 2006
Managed all funding requirements in US, Canada, Brazil and Australia as well as foreign currency and interest rate hedging on cross-border loans to international divisions. Responsible for all capital market transactions, short-term investments, capital budgeting and liquidity forecasting.
Lead recapitalization efforts undertaken by private equity group purchasing company in LBO. Increased size of existing car rental securitization program to $6 billion. Treasury coordinator on $1.6 billion ABL revolving credit facility, $2 billion Term Loan B facility and $2.5 billion high-yield bond offering. Implemented post-acquisition liquidity and covenant compliance monitoring.
Managed pre-acquisition $2.0 billion US and CN$1.0 billion commercial paper programs. Renegotiated $2.8 billion of committed bank credit facilities among 31 banks.
Executed several bond issuances raising over $3 billion of publicly registered notes.
Structured a $1.5 billion rental car fleet ABS funding program.
Executed $1.1 billion of interest rate swaps to balance term-debt portfolio’s fix/floating mix. Efficiently executed $150 million of foreign currency forwards, currency put options and currency swaps in order to mitigate cross-border currency exposure. Responsible for hedge effectiveness compliance.
Identified and implemented short-term investment opportunities for company’s excess cash position and captive insurance subsidiary’s loss reserves. Developed counterparty risk exposure policy for short-term investments and financial derivatives. Implemented SOX compliance for global treasury group and managed SEC reporting for all debt and short term investments.
Director, Financial Operations 1996 to 2000
Recruited to provide improved financial management, modeling and analytics capabilities. Responsible for capital expenditures, acquisition analysis and company’s 401K and defined benefit retirement plan investment options. Managed treasury activities associated with 30 equipment and car rental acquisitions aggregating $600 million. Prepared financial evaluations, Board of Directors’ presentations and obtained parent company approval.
Organized company’s $300 million annual capital expenditure program including IRR, NPV and break-even analysis, formal presentations and Board of Directors’ approval for projects over $20 million.
Expanded investment options for company’s $400 million 401K plan. Managed conversion to daily valuation and directly negotiated reduced investment management and recordkeeping fees, saving the company $250 thousand per year.
Restructured investment options for company’s $300 million defined benefit retirement plan.
SONY CORPORATION OF AMERICA, New York, NY 1988 to 1996
A $500 million division of Sony Corporation of America with management responsibility for Loews Theaters.
Director of Accounting and Finance – Sony Retail Entertainment 1993 to 1996
Selected to lead the financial planning and analysis group for newly established division responsible for developing urban entertainment centers, new media retail outlets and cross-marketing opportunities.
Accounting Manager – Loews Theaters 1989 to 1993
Prepared annual operating cash flow budgets and forecasts, supervised accounts payables and accounts receivables departments and developed and maintained general ledger account structure.
Developed and implemented comprehensive accounts receivables subsystem, reducing average collection time by 25 days.
Senior Accountant 1988 to 1989
EDUCATION & DEVELOPMENT
Certified Treasury Professional (CTP)
MBA Finance, Rutgers University GSM
CPA, State of New Jersey
BS, Accounting, Clemson University
CPA Continuing Education Courses in SEC securities regulations, Treasury & Corporate Finance.
Member of the Association of Finance Professionals (AFP)
Member of Financial Executives International (FEI)
Proficient in PeopleSoft ERP
AWARDS
• 2008 AFP Honors Program
• 2007 AFP Honors Program |
