Dave Drass Email & Phone Number

Langhorne, Pa, Us

Cherry Hill, New Jersey

Cherry Hill, Nj

Support product planning and revenue/expense forecasting for Business Banking and Cash Management Product Management teams. Partner with product managers and analysts to understand key drivers and enhance financial modeling and forecast accuracy. Partner with the Business Line executives and Product Management Teams in the development of new products, the strategic positioning of the business, and the development of overall business strategies to optimize performance. Provide in-depth analysis of business results, identifying emerging risks and opportunities, and regularly communicate findings to senior management both within Finance and the line of business. Review, analyze and recommend business strategies to maximize profitability, including the financial analysis of new product launches and overall product strategies, with a goal of maximizing the economic value of the business. Collaborate with specialized corporate finance functions, including accounting, tax and other specialties to address full range of financial issues as needed. Collaborate with Treasury Group to review and analyze Funds Transfer Pricing FTP credits and treasury strategies for the Deposit business including recommending hedge profile adjustments. Maintain a high level of knowledge of the industry and regulatory developments impacting the banking industry. Ensure that work is in compliance with applicable laws, regulations and guidelines, as detailed in policies located on Company intranet policies include but are not limited to Fair Lending, Know Your Customer, Bank Secrecy Act and other applicable anti-money-laundering policies. Knowledge, Skills, Abilities

Key member of the Pricing Team responsible for the preparation, analysis, and presentation of the monthly pricing results to senior management.Participate in annual pricing model reviews and validation by internal audit groups.Heavily involved in the creation, maintenance, documentation, and internal validation of pro-forma pricing models for the WFAF Direct Channel.Utilized MS Excel and Access to create and analyze data extracts for WFAF Direct and Indirect portfolios.Important member of the WF Bank Integration team responsible for providing data and analysis to senior leadership, helping set rate strategy, and developing an Excel based application used by Central Sales and CLAO to determine customer rates.Developed an Access database used to create the data feeds used to change rates within the SSE for the WFAF Indirect product. This database reduced the time required to change rates from three days to less than two hours.

Determined the size and scope of projects, gathered and documented requirements, and coordinated quality assurance testing.Designed and built models to evaluate home loans and determine their eligibility for use as collateral for PHH Mortgage’s $2 billion warehouse lines of credit.Represent Operational Reporting on cross-departmental projects. For each project I communicated departmental needs, gathered reporting requirements from various business areas, and developed reports when necessary.

Facilitated Client Report sub-team meetings for new client implementations. This included organizing weekly team meetings, developing meeting agendas and minutes, and acting as the central point of contact for the client's reporting questions.Created documentation for projects and reports created prior to 2006. This involved analysis of the report to not only understand what the report was doing, but also why the information was needed.Consulted with business areas within PHH to understand reporting requirements, document the requirements, and produce the reports. Maintained a customer focus to ensure that they were satisfied with the results, and promptly resolve any problems that may arise.

Asset manager for all loans sold in Fannie Mae’s Dedicated Channel. This includes asset sales to the investor, representing Secondary Marketing in cross departmental committees, and representing PHH’s interests to Fannie Mae.Instrumental in the transition of the majority of PHH clients to the Dedicated Channel platform. Predicted how the each client would be affected by the transition and provided analyses to determine which pricing platform the most beneficial platform.Designed and built financial and statistical models using Excel, Access, and Visual Basic that covered all aspects of the Dedicated Channel, from the evaluation of fees to best execution.Created an intra-departmental data reporting team, which includes the pulling and distilling of data from the reporting, processing, and sales system databases for senior level decision makers