Bob Mccready Email & Phone Number

Full corporate authority to procure, renew and manage the company’s general liability insurance covering executive officer misconduct, fiduciary malfeasance, employee theft, personal injury premises protection, loss of facility infrastructure usage to include damage loss to computer network hardware/software, cybersecurity protection with an additional physical damage component covering loss due to fire, theft, vandalism and flood to company vehicle inventory at a satellite facility.Asset based commercial lender with receivables approaching $500M secured by nearly 6,200 vehicle contracts. Consistently ensured that the collateral was properly insured and the bank’s interests adequately protected in the event of loss at a success rate ranging between 95-98%.Managed and monitored all insurance claims (both repairs/total losses) from intake through to final settlement. Successfully generated profits in excess of the account net bank value (NBV) between 15-20% on an annual basis.Created file documentation to track accident investigations, obtained status updates, reviewed insurance carrier appraisals and market evaluation reports, prepared and negotiated Letters of Guaranty and processed final depositions.Monitored company asset recovery efforts, vehicle repairs/refurbishing and re-marketing functions on all defaulted contracts. Tracked re-sale ready vehicles for sale and coordinated with sales staff. Updated website inventory listings on a daily basis. Designed and implemented regular email distributions to captive customer base and outside potential buyers. Arranged and advertised quarterly and seasonal promotional sales events in various industry newsletters and publications.

Managed the collection and asset recovery department with receivables in excess of $85M. Reported directly to the company owner, the in-house corporate attorney and CFO on a weekly basis. Principle liaison between department and four commercial lending sources and their respective collection staffs. Authorized all collateral repossession assignments and monitored their progress from inception to completion. Granted rights of redemption, negotiated full settlements and authorized contract term modification extensions when warranted.Consistently maintained a monthly delinquency rate in the 0.5-1.5% range, significantly below the national average experienced within the industry.Compiled and analyzed monthly delinquency statistics to identify and rectify potential problems and to assist the comptroller in the preparation of interim quarterly reports. Reviewed and approved the month-end disbursement of company funds in satisfaction of the company’s debt service obligations.

Managed the Off-Lease Portfolio in excess of $40M for this major lease finance division with overall receivables in the $450-475M range. Reported directly to the division head. Consistently maintained an off-lease delinquency rate below 5% during an 18 month period when the industry in general experienced a significant economic downturn. Formulated, implemented and monitored the workout strategies for all under-performing portfolios. Monitored and reported the off-lease performance of over 65 independent leasing companies on a monthly, quarterly and annual basis. Designed and implemented the division’s Off-Lease Guidelines and Procedures Manual that included the automated month-end lessor billing invoice. Interacted with lessor principals and collected full payoffs, curtailments and monthly debt service payments to ensure adherence to bank policies

Managed the funding department for this national high volume automobile leasing company with receivables in excess of $125M. Liaison between company sales personnel and lending institutions.Maximized monthly profits by increasing funded transactions from 100 to 300 units within a six month period of time. Reduced processing time by over 30%. Prepared, analyzed and verified all loan documentation for the accuracy of interest rates, credit stipulation requirements, and adherence to the residual value and equity structure guidelines.

Developed a thorough understanding of all facets involved in a secured commercial lending environment including client relations, credit and collections, loan documentation review, data processing and account reconciliation. Supervised a staff of 25.

Education record

Education record