Controller
Virgin Money Usa
Virgin Money is a financial services company launched in the US with the plan of integrating and distributing person-to-person lending products with traditional consumer finance products through multiple distribution channels; including online marketing, social media, direct sales, and intermediaries. SPECIFIC CONTRIBUTIONS INCLUDE:• As first person in the finance department, developed plan to prepare department for future growth; designed and implemented internal controls; implemented new accounting system, managed audit with KPMG. Responsible for all areas of financial reporting• Negotiated $50 million in credit lines needed to enter mortgage market in historically difficult credit market• Implemented a detailed and formal budget and forecast process for company which resulted in a plan to cut expenses by 25% in a one year period. • Matured method of exiting mortgage products which increased margin by 40% • Established, managed, and leveraged multiple banking relationships to optimize return on investments while reducing risk. • Assessed and executed the acquisition of a mortgage division as part of acquisition due diligence team; merged finance departments of both companies• Assisted in process of developing company methodology for lifetime value of customer calculation• Worked with director of HR to implement and improve benefits plans; 401K, FSA, Health, Dental, etc.