David W. Mann Email & Phone Number

Waco, Tx, Us

Waco, Tx

Joined startup firm to pursue the commercialization of a medical equipment patent obtained from Baylor University. The medical equipment is highly effective in lowering fall risk for seasoned citizens and strengthening the capabilities of persons with cerebral palsy, autism and Parkinson's.

Waco, Tx

Responsible for establishing a file organization solution for a client and provide forensic accounting for 2018 activities. Create and apply a management-focused general ledger system and on-board assets and liabilities to the balance sheet and income statement. Assist in strategic proposals regarding litigation and move from a cash basis to an accrual basis accounting system.•Positioned company for 97% sales expansion within 12-months with no increase in back-office expense by motivating the client to move to an accrual-based account system with integrated financial controls.•Significantly improved cash flow oversight and abated overdraft and return check risk with the design and implementation of a short-term cash management forecast system allowing visibility of the daily cash transactions and balances for up to 30 days.

Waco, Tx

Responsible for the strategic direction of the bank, participating in all major decisions regarding capital, assets, management, earnings, liquidity and risk management.Capital Acquisition•$1.5 million in common stock equity acquired with the conversion of a 401(k) plan to a company-sponsored 401KSOP plan.•$1 million in non-convertible preferred stock equity generated by producing placement documents and pinpointing private investor sources, petitioning investor engagement, and completing the funding process.Revenue Growth•68% revenue growth cultivated by promoting a new loan product through wholesale channel methods, which grew to more than 20% of total revenue. •10% boost to revenue accomplished by devising, developing, and enacting a robust sales forecast and accountability system.Strategic Planning•75%+ increase in time available for strategic and visionary matters gained by drafting and applying board and board committee structures, processes, and reports.•Condensed average days outstanding to resolve compliance criticisms to less than 45 days, ensuring change management efficacy through the deployment of a critic management system to mitigate compliance criticisms.•Enriched subsidiary oversight and performance by creating forward-looking forecasting models that led to tactical board decisions to allocate resources with greater efficiency and profitability.•Optimized allocation of available resources through the formulation of a comprehensive earnings and cash flow model used by holding company board with multiple operating subsidiaries.•50% lift in the certitude of 12-month earnings following the development, implementation, and maintenance of a forward-looking forecast model that linked balance sheet and profit and loss events.Cost Control•30% reduction in bookkeeping personnel accomplished through the execution of a common chart of accounts, report standardization and simplification of consolidation activities.

Waco, Tx

Retail and wholesale originator of secondary market eligible first lien and reverse residential mortgage loans totaling in excess of $350 million annual loan fundings.Accountable for the strategic direction of the company.Business Development•$175+ million business reorganization achieved with virtually no tax liability by establishing a net asset valuation and reallocation methodology with appropriate stakeholders and retaining legal and tax counsel to assist in the execution of the approved plan.•Deepened customer fulfillment capabilities by forming an interdepartmental team to negotiate, acquire, and install vendor technology permitting the company to scale operations with current customer service personnel.•$4 million initial equity capital infusion spawned to fund the start-up by leveraging prevailing business relationships to fast track the funding process at a lower cost of capital.•6X net after tax return on investment fostered by contract negotiations to establish Vermont-based reinsurance entity for mortgage credit insurance policies issued by a vendor on loans originated by a sister company. Performance Improvement•39% decline in the time to issue financial results and an 11% reduction in end-of-period accounting closing times for 40 legal entities and 8 consolidation layers by standardizing financial preparation processes and presentations.•23%+ drop in loan processing time facilitated by applying the theory of constraints via creation of a multi-departmental committee to oversee and administer inter-organizational process improvements.•Heightened compliance across multiple business functions through the design and execution of a standard policy format and naming convention.

Master Of Business Administration - Mba, Finance

High School

Bachelor Of Business Administration - Bba, Accounting & Finance