Treasury professional experienced with all aspects of Treasury operations and reporting including: Cash management and reporting, Management of banking relationships, Cash Forecasting, Managing borrowings and investments, Covenant Compliance, Risk Management/Insurance, Financial analysis, Pension and 401(k) investments. |
Summary
Treasury professional experienced with all aspects of Treasury operations and reporting including:
- Cash management and reporting - Covenant Compliance
- Management of banking relationships - Risk Management/Insurance
- Cash forecasting
- Managing borrowings and investments - Pension and 401(k)investments
- Financial Analysis - Covenant Compliance Professional Experience
Intelsat, Washington, D.C. 1992-2006
Global Satellite Telecommunications provider with over $1 billion in revenue
Treasurer 1997-2006
Head of Treasury Operations 1995-1997
Assistant Treasurer 1992-1995
· Responsible for corporate cash management, including commercial paper issuance, borrowings under revolving credit facilities, short-term investments and approval of wire transfers over certain limits.
· Managed bank relationships and obtained banking services to implement efficient cash management structure and to support subsidiaries and other departments regarding cash management issues, foreign exchange exposures, letters of credit.
· Negotiated a number of revolving credit facilities, secured and unsecured, based on significantly different credit ratings and ranging from $200 million to $1 billion in size.
· Served as principal contact for Ratings Agencies, answering their questions and preparing presentations on corporate business plans and financings.
· Acted as key member of interdepartmental teams working with outside counsel and bankers on a number of public financings ranging from $200 million to $2.9 billion. Prepared or contributed to numerous financing documents, including SEC filings, bank and roadshow presentations, and offering memoranda. Served as a member of company’s Disclosure Committee.
· Prepared compliance reports required by covenants in indentures and bank credit agreements.
· Implemented and supervised preparation of twelve-month cash forecast. Updated forecast monthly based on variances in cash receipts and uses as well as updates to annual corporate plan.
· Forecasted and budgeted corporation’s interest expense and other treasury-related expenses.
· Managed corporate risk management program, evaluating potential exposures and working with insurance brokers to obtain appropriate insurance coverage.
· Served as Chairman of Intelsat’s Pension and 401(k) Committee. Selected and managed consultants and investment managers. Developed investment policy and asset allocation.
· Supervised a staff of up to four, including cash management and risk management functions.
MCI Communications Corporation, Washington, D.C. 1982-1992
Senior Manager, Treasury Department 1986-1992
Cash Manager, Treasury Department 1985-1986
Treasury Analyst, Treasury Department 1984-1985
Systems Analyst, Financial Reporting Department 1983-1984
Systems Analyst, Financial Systems Department 1982-1983
· Implemented broad range of banking services, including lockbox processing, stock transfer agent and trustee services, managing approximately 200 bank accounts for this multibillion dollar telecommunications company.
· Defined all of MCI’s cash management requirements and selected banks to provide such services on a competitive basis. Supported operating companies’ cash management needs and other treasury-related issues.
· Invested corporate cash ranging from $200 million to over $1 billion, investing in substantially all fixed income investments.
· Managed commercial paper program with as much as $800 million outstanding and interest rate exposure on floating rate debt of $500 million. Managed interest rate exposure through use of interest rate swaps and hedging rate on debt to be issued.
· Supervised daily and monthly reporting of all cash transactions including receipts, disbursements, borrowings, investments, and wire transfers.
· Prepared twelve-month cash forecast, identifying variances in capital expenditures and other sources and uses of cash. Updated cash forecast on a monthly basis.
· Managed a staff of five, including corporate Cash Manager and Risk Manager.
Price Waterhouse, Richmond, Virginia 1980-1982
Senior Consultant, Management Consulting Services
· Performed financial analysis and comparative evaluations of financial application systems.
· Member of team that implemented a comprehensive budgeting system for the state of Virginia
KPMG, Norfolk, Virginia 1978-1980
In-charge auditor for several financial audits. Supervised staff auditors assigned to specific engagements. Achieved CPA certification in the state of Virginia.
Education
MBA Finance and Accounting concentrations University of Chicago
BA Economics, Phi Beta Kappa University of Virginia |
