Clint Smyth, Ctp Email & Phone Number

Kirkland, Wa, Us

Kirkland, Wa, Us

Bellevue, Wa, Us

Reporting to the CFO, lead the Treasury team in strategy and execution by hiring, training, and mentoring staff to build a culture of excellence and vision for becoming a Best-In-Class Treasury teamRecognized by the CFO with the “Impact Award” in 2018 for effective cash and liquidity management through a period of severely constrained liquidity; Identified and captured $5mm in working capital improvement by switching credit card processors in Canada and automating intercompany transfers using ZBAs; Built a scalable global cash positioning and forecasting model to improve cash visibility/reporting, ensure quality and accurate output, and maximize operational efficiencyAchieved $2.5mm in EBITDA improvement over 5 years and 86%/64% reduction in credit/debit card processing fees by sourcing a new Canadian merchant services partner and leading a cross-functional implementation effort (150 stores/1100 terminals)Delivered $1.5mm of incremental cost savings/EBITDA over 3 years through successful contract negotiations with U.S. and Canadian merchant processing and armored car service providersPitched a proposal with +$3mm annual EBITDA impact to the CFO involving the addition of a surcharge on all credit card transactions in the U.S. and Canada in the wake of the Visa/MC antitrust litigationPartnered with IT and Store Operations to convert 150 U.S. stores from standalone to semi-integrated terminals in 2019 to improve customer checkout times and reduce cart abandonment, while streamlining card processing setups for U.S. & CanadaSourced and delivered an industry-leading money market investment portal in 2019 to maximize interest income as the company transitioned from a net borrower to investorManage all aspects of debt including revolver borrowing, covenant compliance and reporting requirements, $15mm U.S. LC portfolio, local bank guarantees, and support for 3 refinance transactions in 4 years

Plano, Tx, Us

Built a new Treasury department from the ground up in four years and led a team of five (managers, individual contributors, and contractors) through a successful IPO in 2011 and transition to private equity ownership in 2013 Developed a scalable global cash management and forecasting model for $3bn of annual cash flow in 11 currenciesCoordinated the negotiation of terms and pricing for a $100mm revolving credit facility in 2012 and established a debt covenant model and quarterly compliance certificate process; Managed $600mm in new term loans and a $45mm revolver (installed during the acquisition of the Company by private equity in 2013) and $6mm letter of credit and bank guarantee portfolioDrafted the Company investment policy and engaged external investment managers to assist with structure and content optimization; adopted earnings credit (ECR) investment strategy to maximize yield (of 35bp) while maintaining overnight liquidity to support an aggressive acquisition strategyAuthored the foreign currency risk management policy and implemented a cash flow hedging program in China, delivering $1.6mm savings to budget; partnered with external FX consultants on strategy and policy development, Dodd-Frank regulatory compliance, and proper accounting treatmentAutomated the cash application process by setting up a lockbox file transmission feed directly into Oracle; achieved an auto-post hit rate of 50% and a staff reduction of twoProject-led the transition to a new global banking partner in one year and achieved $750k in annual savings; duplicated 40 bank accounts in eight countries, outsourced check printing, and implemented an automated payment file transmission to the bank Improved liquidity by $1.6mm through creation of ZBA account structures and gaining access to trapped cash used as collateral for letters of credit, credit card transaction processing arrangements, and corporate credit cards

Plano, Tx, Us

Bellevue, Washington, Us

Re-engineered the foreign cash positioning and forecasting model and improved forecast accuracy Recommended and implemented a ZBA structure in the UK to optimize efficiency and eliminate manual funding transfersReduced the daily funding requirement to the company’s money transfer business subsidiary by 2mm euro serving as the project lead for a new bank account structure involving 20 new accounts in seven countriesEarned $100k of incremental annual interest income by identifying UK, Ireland, and Canada investment opportunitiesManaged a $12mm letter of credit portfolio and implemented online trade application improving execution and visibilityMinimized FX transaction and intercompany payment risks by executing forward and swap contract hedges

Seattle, Wa, Us

Efficiently managed $500M of cash for Expedia and subsidiaries making daily investment and borrowing decisionsCirculated global consolidated cash report on a weekly basis to the CFO and CEO; reduced weekly preparation time by three hours weekly and minimized error potential through the strategic use of macrosManaged a $50mm Standby Letter of Credit portfolio and reduced annual costs by $30kRecommended and implemented an online investment portal resulting in trade execution and reporting efficienciesIndependently analyzed existing processes and realized $75k worth of yearly cost savings opportunities related to letters of credit, bank services, deposit float, and cash and investment management reporting

Managed the State’s $1B short-term idle cash portfolio and researched the fixed income markets daily via Bloomberg, executing trades in accordance with the State Treasurer’s Investment PolicyImproved the trade-execution process by researching and implementing Bloomberg’s electronic trading platformDeveloped monthly investment compliance reporting for the State Treasurer in accordance with the investment policyConducted periodic sales of SBA guaranteed variable-rate loan pools on the secondary market

Boise, Idaho, Us

Analyzed and processed $50Mil worth of yearly utility expenses for 300 stores; performed weekly variance analysis to forecastsImplemented summary billing and EDI with utility companies in order to streamline expense payment processes

Cfa Candidate, Investment Management, Investment Banking, Financial Analysis

Bba, Major In Finance