Bill Mcdonnell Email & Phone Number

Germantown, Wi, Us

Greater Milwaukee Area

Milwaukee, Wi

As the Assistant Vice President of Financial Planning & Analysis, I am responsible for coordinating the annual budget and quarterly forecasts of the Corporate Segment, including $600M of direct expenses and the Corporate allocations to Business Segments. I prepare the Corporate Segment Income Statement for actual, plan and forecasts, and provide analysis for variances. I lead a team of 4 Sr. Analysts and direct 9 others (not direct reports). I assist with the quarterly financial close and reporting process.Significant experiences in this role include:• Drive the expense forecasts for Corporate Segment, working closely with business owners to ensure they are informed and forecasts align with expectations. Perform variance analytics and report to senior management.• Project Lead of expense reduction effort targeting 3rd party spend, resulting in $15M savings.• Contributing team member for transition projects related to the wind-down of one segment and sale of another segment. • Shifted Corporate allocations to segments from a tax to a usage/metrics based approach, resulting in actionable allocations, defendable by the functional departments.• Prepare analytics for CFO and Management Committee as needed.• Lead ad hoc project work from within the Finance Department and from consultants or other departments.• Demonstrated leadership and team focused attitude in support of significant company change.

Milwaukee, Wi

As the Director of IT Finance, I was responsible for financial support including budgeting, forecasting, monthly variance reporting, and financial consulting for multiple departments in the IT Division. I managed the budgeting & forecasting process, including scheduling, training end users, data validation, and results reporting. In this position, I directed a staff of 4 professionals. Some of my highlights from this role were:• Co-designed and implemented an expense forecast model for the corporate IT department. Consolidated 3 diverse systems into one. Resulted in controlled, consistent, accurate forecasting, with timely reporting and analysis.• Devised and executed a change in the IT Application Development Department time reporting procedure to drive project and support costs to the appropriate division, promoting accountability of IT spend driven by IT customers and allowing for full costing of functions performed.• Developed and presented financial training materials for IT Managers and Directors. Resulted in a clear understanding of financial basics and improvements in cost center management.• Implemented and executed quarterly metric based IT allocations to product lines, presenting results of supported areas to Product Management.• Set up accounting process to record application development costs as maintenance or development. Allowed IT management to shift money to development without increasing overall spend.• Implemented unit cost reporting for select IT departments, allowing for targeted expenses based on fluctuating volumes.

Milwaukee, Wi

Maintained primary responsibility for multiple product line P&L forecasts representing $1.5 billion in annual revenue. Responsible for monthly expense forecasting for several company divisions. Accomplishments during this period include:• Project lead to move acquired portfolio systems and reporting to standard month end close.• Prepared and reviewed operations review materials for assigned product lines and led monthly meetings, presenting results to Product Management.• Worked with product and sales management to monitor and forecast sales.• Assisted in the coordination and preparation of annual Plan.• Performed analytics on financial results and identify trends for three year forecast.• Implemented new budgeting tool and process for entire segment.• Implemented a transfer pricing model for several operations departments.

Milwaukee, Wi

In this role, I guided the account reconciliation process for a staff of 5 professionals. Assisted with quarterly close process. Managed daily cash position and coordinated with Corporate Treasury for funding of shortfall or investment of surplus. I also:• Implemented reporting and procedures to resolve outstanding reconciling items, reducing aged items from 270 days to 90 days. • Maintained banking relationships and identified best service/pricing.• Assisted in centralization of treasury function to parent company.

Columbia, Sc; Milwaukee, Wi

At Fleet, I managed multiple operating areas within the Asset Management Department, where I supervised and trained a staff of 45 associates. I led a project to outsource the REO marketing functions to a third party vendor. I was responsible for designing and implementing a check receipt and posting process and related reporting for a section with monthly receipts over $100 million. In my role, I had extensive involvement in assimilating accounts receivable on acquired portfolios. As a Business Analyst, I performed analysis and consultation on business issues affecting the Servicing Division. I directly supported the SVP of Loan Servicing, and provided divisional forecasts, variance analysis and explanations, and provided project management.

Salinas, Ca; Chicago, Il

As the Business & Systems Analyst, I planned and managed process reviews for the purposes of identifying process improvements, ensuring regulatory compliance, enhancing internal controls and automating manual processes. I taught the review methodology to professional staff. I was the liaison between user departments and Information Services. In this role, I developed daily, monthly and ad-hoc Easytrieve reporting for portfolio monitoring and analysis, including the creation of a report that saved the company over $1M in annual fraud losses. In addition, I coordinated the budget process for the multiple cost centers and investigated variances. In my role as Audit Senior, I planned, supervised and performed financial and operational audits of financial service subsidiaries.

Chicago, Il

In my public accounting position, I planned, supervised and performed financial audits for clients in retail, leasing, utilities, telecommunications and small government. One of my highlights here was the design and implementation of testing procedures for a client’s new inventory system. In addition to audit work, I assisted clients in quarterly and annual filings for the Securities and Exchange Commission and the Federal Energy Regulatory Commission.