Responsible for Treasury, Accounts Payable and Payroll

• Renegotiated Insurance policies enhancing coverage and lowering costs by 30%. • Consolidated and renegotiated real estate leases reducing costs $1 million annually.• Implemented SAP for Treasury and Accounts Payable.• Developed a robust Cash Flow Forecast model. • Implemented ACH payments for Accounts Payable

Assignment entailed building out the Treasury function for a $3 Billion dollar division spun off into a new public company. Etonien offers experienced finance and accounting consultants to companies seeking assistance on a project, interim or interim-to-hire assignments. Etonien is founded on the basic principle of providing highly qualified professionals to clientele who require immediate response. Etonien also provides its employees - both internally and market facing - an opportunity to work with diverse organizations by applying their skills to effect change.

*Renegotiated custodial bank agreements leading to USD 800,000 in annual savings.*Consolidated the banking structure reducing bank fees USD 50,000 annually.*Developed and implemented a Global Cash Management Policy per bank regulatory requirements.*Responsible for liquidity management, cash positioning and forecasting, funds transfer execution and bank account controls and maintenance, counterparty exposure management.*Developed relationship and liaison with the Federal Reserve Bank after American Express became a Bank Holding Company, which resulted in a collegial and flexible working relationship.*Member of team that analyzed new regulations (e.g., Dodd-Frank Act and Basel requirements), which resulted in gap assessments and project plans to close them in order to meet the rapidly changing regulatory requirements.

*Developed and led the execution of a capital efficient $750 million subordinated debt security facilitating the repurchase of company shares and improving the company’s ROE.*Ensured all subsidiaries are appropriately capitalized from a regulatory, rating agency and risk perspective.*Assisted in the development of an Economic Capital framework for all lines of business and asset-liability management activities.*Developed and implemented a companywide Capital Management Policy. *Coordinated and managed relationships with bank regulators.*Developed capital adequacy models to forecast capital ratios, which were utilized to determine the impact of shareholder dividends, share repurchase and potential acquisitions under various stress testing scenarios.*Developed quantitative framework to determine capital impact of business initiatives.*Prepared executive communications for senior management regarding the principles for capital management and flexibility of shareholder payout.*Familiar with the Comprehensive Capital Assessment Review (CCAR), Internal Capital Adequacy Assessment Process (ICAAP), and calculation of reported capital ratios.

*Merged pension plans; replaced investment managers; reduced annual administrative costs USD 25,000.*Implemented loss sensitive insurance programs reducing premiums 75%. *Renegotiated Revolving Credit Agreement lowering costs by 20%.

Profit & Loss responsibility for USD 150 million equipment finance portfolio in 5 countries*Created and implemented detailed country level financial budgeting and reporting. *Formed a pricing committee and instituted a new pricing policy resulting in a 20% increase in margins.*Managed the currency and interest rate asset/liability exposure of the portfolio.*Led the issuance of a USD 80 million Brazilian Securitization - awarded best emerging market deal.*Hired and trained financial staff at Headquarters and in the local countries.

*Determined currency of invoice for the different production and sale entities resulting in a 25% reduction in currency exposures. *Implemented a 12 month moving cash flow forecast model in the Corporate Accounting System incorporating a monthly update feature leading to improved controls on currency exposures.*Managed customer financing programs on a global basis, including negotiating a joint venture agreement for a customer financing operation in the Far East.*Prepared variance analysis of budget versus actual results on a business unit level. *Assisted in two acquisition analyses, preparing discounted cash flow and Return of Investment models.

*Reduced external interest expense USD 500,000 annually by replacing external funding structures with intercompany loans. *Developed and implemented new Investment Policy, incorporated in the Policy Return on Investment, Discounted Cash Flow Analysis and Country Risk Analysis; Policy was approved by Philip’s Board of Management and adopted company wide.

*Put in place an USD 150 million off balance sheet receivable financing program reducing interest costs by 25 basis points (USD 375,000) on an annual basis.*Executed spot and forward hedging transactions with the banks to meet foreign currency funding needs and the hedge foreign currency exposures.

*Developed & implemented Budget and Strategic Financial Plans for the subsidiaries.*Managed the interest rate risk of the debt portfolio utilizing hedging transactions with banks.

*Diversified funding sources by setting up Euro and Yen commercial paper programs.*Introduced new investment vehicles increasing the average yield on the portfolio by 10 basis points.

*Negotiated and consummated over USD 10 million in secured lease financing arrangements.