David Watson Email & Phone Number

Columbus, Ohio Area And Sonoma, California Area

Operational, financial and managerial consulting for credit unions. Areas of specialization include business loan portfolio analysis, credit risk management and analytics, loan quality reviews, lending and collections process reviews, loan workout strategies, outsourced and supplemental internal audit, strategic planning and facilitation, budgeting, buy and sell side merger assistance, regulatory relations, Federal and state charter expansions and vendor due diligence.

Columbus, Ohio

Proven business development and marketing skills, including presentations to small and medium sized groups.General operational, controls, risk management and financial consulting and advisory services for financial institutions. Specific projects include assessments of ERM; risk management reviews of loan portfolios including commercial lending; merger due diligence assistance; and liquidity and investment portfolio planning. Providing strategy and advice for regulatory matters - exam replies, LUA and order compliance - financial turnaround initiatives, management consulting, succession planning, facilitating strategic planning sessions and creating budgets and business plans, and merger assistance.

Dublin, Ohio

Reported to CEO, and promoted to manage department of financial analysts and examiners, monitoring and reviewing core balance sheet components – indirect, participation, and business lending; loan modifications; loss reserving methodologies; ALM; mortgage-backed securities; and, investment portfolio management – and assessing accounting and internal control processes. Successfully hired and trained dozens of financial analysts and examiners.Led most high-risk exams and reviews of largest clients (up to $3 billion), and communicated weaknesses to officers and directors orally and via written corrective action plans that typically included some or all of the following aspects: increasing profitability, improving internal controls and credit standards, modifying reserve calculations, enhancing loan monitoring processes, and creating budgets and business plans.Delivered workout strategies for distressed commercial and mortgage loans based on updated analyses of borrowers’ financial condition and property valuations.Established and served a key role in the successful implementation of multiple financial turnaround initiatives for entities up to $150M+ in assets. Consistently minimized losses from troubled mortgage debts by executing sales of foreclosed properties, short sale transactions, and deed-in-lieu arrangements, after assessing current market conditions and property valuations.Facilitated over 100 mergers and other remedy actions in cases where mandated corrective plans were not successful. Primary point of contact for negotiating terms of M&As in coordination with regulators, CEOs and Boards of Directors. Facilitated bond claim filings for troubled or merged institutions, marshalling resources to optimize recoveries.

Dublin, Ohio

Procured Series 7 brokerage license to deliver onsite consultation to thrifts converting from mutual to stock charter. Drafted M&A offering material for client banks looking to be acquired. Instrumental in assisting thrift officers and depositors to manage IPO transactions and process stock orders.

Dublin, Ohio

Field Auditor - 1 year.Financial Analyst - 2 years.Underwriting Manager - 3 years.VP - Underwriting and Analysis - 3 years.Rapidly promoted through a series of prominent roles with increasing responsibility. Partnered with state regulators at an early state in career forging high-profile alliances. Acted as interim IT Manager twice, and had a key role in the production, testing and refinement of two computer-assisted financial monitoring programs.Responsible for all accounting, reporting and recordkeeping activities for a $150 million investment portfolio of Treasury, government agency bonds, MBS, and CMO securities.