Dan Mccully Email & Phone Number

• Financial Analysis & Management Reporting: Provided financial analysis and management reporting supporting decision making by executives in the Multifamily Division, on issues such as economic ROE/ROA methodology and credit loss mitigation strategies/results.• Financial & Regulatory Reporting: Managed reporting team accountable for producing all financial statements and core tables for external and internal disclosures. Managed process for producing monthly reports (minimum capital and call reports) provided to regulator, Federal Housing Finance Agency (“FHFA”).• Interest Rate Risk Reporting:Developed, implemented, and managed process to provide independent verification of interest rate risk measures (Portfolio Market Value Sensitivity (“PMVS”) and duration gap) prior to release in external disclosures.• Fair Value Balance Sheet (FVBS) Analysis & Reporting: Developed enhancements to FVBS reporting, including model-based attribution reporting framework to explain drivers of change in the fair value of common equity.

• Interest Rate Risk Monitoring & Reporting:Provided analysis and reporting that assisted portfolio managers making daily rebalancing decisions, applying fixed income and mortgage analytics considering risk metrics such as option-adjusted spreads (OAS), duration, convexity, key rate durations, volatility duration, and basis risk. Coordinated weekly rebalancing meetings.• Earnings Forecasting & Analysis:Managed process for using financial models to develop regular forecasts of net interest income (NII), and provide sensitivity analyses.• Portfolio Management:Analyzed strategic alternatives for $500 billion retained investment portfolio consisting of all types of mortgage-backed securities (MBS), funded with complex financial instruments issued in the debt and derivatives markets, including callable and non-callable debentures, structured notes, interest rate swaps, interest rate futures contracts, and option-based derivatives.• Financial Presentations:Prepared materials presenting annual Asset/Liability Management Plans to Board of Directors. Developed materials for presentations to senior management, Board of Directors, Rating Agencies, and other key audiences. Developed Annual Report disclosures on interest rate risk management.

• Capital Analysis & Stress Tests:Led analysis of capital required for interest rate risk under risk-based capital regulations. Developed model and procedures to assess required level of capital and analyze sensitivities. Prepared quarterly updates and presented results to senior management.• Mortgage Pricing Analysis:Used state-of-the-art Monte Carlo simulation model and other tools to assess risk/return characteristics of mortgage products. Developed pricing recommendations for new mortgage products and programs. Reviewed pricing of existing products and recommended changes.• Funding Analysis:Used simulation model to determine appropriate blends of callable and non-callable debt structures for funding incremental mortgage purchases. Used simulation model to analyze and develop pricing recommendations for new, non-standard debt products.• Portfolio Analysis:Used simulation model to project performance of existing portfolio and assess alternative acquisition/growth and funding strategies.• Model Development & Enhancement:Delivered significant improvements and enhancements to the department’s simulation model for pricing analysis. Developed specialized versions of the model to analyze special products, such as REMICs and IOs/POs.• Corporate Earnings Analysis:Designed spreadsheet and other models to project and track portfolio performance, analyze ROA/ROE sensitivities, and explain actual/forecast variances, and presented findings to the CFO.

• Accounting Research:Conducted research to determine appropriate financial accounting treatment of proposed new products and programs. Established accounting procedures and controls for new programs. Monitored FASB and AICPA projects relating to Fannie Mae, reporting to management and drafting comment letters on proposed standards.• Financial Disclosures:Prepared financial disclosures, such as management’s discussion and analysis of financial results (MD&A), and monthly financial commentary to Board of Directors.

Mba

Bs, Accounting