David Pickel Email & Phone Number

West Palm Beach, Florida, Us

Worldwide, Oo

Wayne, Pennsylvania, Us

• Lead the planning and forecasting process for Radian’s mortgage insurance (MI) business. Directly responsible for all financial statement forecasting and capital planning for the MI Segment ($1 billion of annual revenue). Acting FP&A lead supporting new products and capital initiatives. Present quarterly reforecast updates to executive leadership team, including President and CEO.• Developed new financial forecasting model to support recently announced Private Mortgage Insurers Eligibility Requirements (PMIERS). Partner with Risk, Accounting and Treasury executives to ensure ongoing compliance.• Provided financial support to Strategic Planning and Structured Products team in developing new MI products. Developed robust financial models for two new potential insurance products forecasting revenue, incurred losses, cash flows, and expected future capital needs.• Supported Mergers & Acquisitions team in a forecasting and modeling capacity. Performed internal goodwill impairment testing and M&A deal back-testing (on transactions exceeding $300 million) to gauge financial performance of recent acquisitions.• Partnered with Risk and Treasury executives to assess and analyze a quota share reinsurance deal worth over $400M of potential capital relief.

Wayne, Pennsylvania, Us

• Directly responsible for MI revenue, incurred loss and statutory capital forecasts as well as total income statement and cash flow consolidation. Present quarterly reforecast updates to senior leadership team.• Provided financial analysis in support of a $600 million capital raise. Worked directly with CFO during negotiations to assess impact of the deal on long-term liquidity and EPS dilution under various growth scenarios.• Acting FP&A lead supporting Integration Management Office. Supported IMO during integration of recent mortgage servicer acquisition in identifying and tracking value creation activities, reviewing integration-related business cases, and reporting results to senior management.

Wayne, Pennsylvania, Us

• Prepared quarterly reforecasts for MI segment. Main responsibilities included premium revenue, incurred losses, investment income, and statutory financials. Prepared financial analysis supporting quarterly board of directors meetings• Consolidate, analyze and report quarterly results at the product and credit-class levels for both the company and MI industry at large. Consolidate and analyze industry and economic metrics to facilitate board of directors’ decision-making and inform the planning process.• Successfully redesigned long-term revenue model to more accurately forecast Radian’s continuously changing product mix and mortgage market trends.

New Brunswick, Nj, Us

Senior Financial Analyst/Supervisor, Financial Accounting/Shared Services (2009 – 2011)• Provided financial leadership to the Shared Services organization including budgeting, forecasting, results analysis and business case analysis. • Coordinated and lead quarterly profit log presentations to J&J Consumer senior Financial Leadership Team. • Redesigned shared Gen Admin expense allocations process in order to align cost drivers with business unit recipients.• Led a consolidation initiative for the HR organization that resulted in $2 million of annual cost savings across four business units.Senior Financial Analyst, Global Information Technology (2006 – 2009)• Provided financial leadership to the Global IT organization including budgeting, forecasting, results analysis and business case analysis.• Designed Total Cost of Ownership (TCO) expense tracking and allocation methodology for IT organization in order to provide greater visibility to IT costs. Implemented Hyperion application to facilitate TCO methodology.• Assumed a leadership role during the implementation of SAP financial platform by training end users, testing various aspects of the system and acting as system Power-User. • Provided financial leadership to the IT integration initiative following the Pfizer Consumer Healthcare acquisition.• Provided direct financial support to IT project managers including business case analysis and expense forecasting for all IT projects.

Dallas, Tx, Us

Finance Manager, AT&T Labs (2003 – 2006)• Provided financial leadership to the CIO, Network Security and two other functional divisions including annual and monthly forecasting, results analysis and business case analysis for Labs projects.• Presented monthly results variance analysis to AT&T Labs senior management and Finance Leadership. • Facilitated the R&D integration effort during the SBC acquisition.• Consolidated all Labs financials on a monthly basis for management reviews and corporate reporting.Associate Manager, Financial Leadership Program (2001 – 2003)FLP is a two-year financial development program consisting of four 6-month rotations designed to build leadership and financial acumen through broad business exposure and a rigorous academic course load. Rotations included:• Mergers & Acquisitions - Supported team members in every facet of the M&A process. Created financial models, including discounted cash flow analysis, precedent transaction, and sensitivity analysis for telecom, professional services, and government IP deals.• AT&T Government Solutions - Provided direct support to AT&T Government Solutions CFO and worked independently to develop and update monthly results packages and forecasts for leadership team review. Worked with A/R team to streamline collections reporting.• AT&T Network Services - Provided financial support to the Asset Management group. Analyzed and updated the capital unit cost process at the product level. Reinstated the Revenue Rate/Volume analysis to reflect new AT&T Business Services financial structure. • Corporate Business Planning - Consolidated and analyzed financial statements from all AT&T business units. Prepared presentations for Board of Directors meetings, rating agency meetings, and other senior management functions.

Mba, Financial Instruments & Markets, Corp. Finance

Bachelor Of Science (B.S.), Finance, Economics