Dee Mcdonald Email & Phone Number

United States

United States

Edwardsville, Illinois

Throughout my 16 years, I progressed through increasingly responsible roles and contributed to shaping and growing the bank. Initially recruited as Controller and VP, I was promoted to EVP and CFO to oversee all aspects of accounting functions and financial reporting. I executed financial planning and analysis, monthly and annual forecasting, capacity and operational planning, investment management, expense management, regulatory compliance, and SEC reporting with the help of my 10-member team.… Show more Throughout my 16 years, I progressed through increasingly responsible roles and contributed to shaping and growing the bank. Initially recruited as Controller and VP, I was promoted to EVP and CFO to oversee all aspects of accounting functions and financial reporting. I executed financial planning and analysis, monthly and annual forecasting, capacity and operational planning, investment management, expense management, regulatory compliance, and SEC reporting with the help of my 10-member team. Additionally, I maintained a $100M investment portfolio while recommending strategies to increase net income and reduce potential risks/liabilities through strategically buying and selling securities.Significant contributions I’ve made include:Asset & Revenue Growth✔ Helped First Clover Leaf Bank grow from $65M to $650M in assets. Played a key role in a successful IPO that grew the bank to $145M, followed by coordinating 2 acquisitions. ✔ Drove revenue growth by designing and implementing online banking products and services.Leadership✔ Developed and presented annual profit plan, including playing a vital role in assisting executive management crystalize 3-year strategic plan. ✔ Collaborated with Human Resource Director to create a video and day long training for new hires. Also rolled out a mentoring program and job shadowing program.Operational Improvements/Cost Reductions✔ Implemented new automated system for completing annual budgeting process enabling organization to measure profitability at various levels.✔ Negotiated contracts for necessary services at a reduced rate and played a key role in negotiating the first of its kind Data Processing contract that helped bank control costs during high-growth period. Show less

I led in-depth analysis of all Midwest Real Estate Banking Division transactions to ensure GAAP, Regulatory, and Management Accounting compliance, including completing management reports, month-end close, forecast, and annual plan processes. I also controlled resource costs by evaluating staffing requirements for division while providing strategic guidance to Division Managers on financial-related matters. ✔ Created a spreadsheet to facilitate communication and track activities between key… Show more I led in-depth analysis of all Midwest Real Estate Banking Division transactions to ensure GAAP, Regulatory, and Management Accounting compliance, including completing management reports, month-end close, forecast, and annual plan processes. I also controlled resource costs by evaluating staffing requirements for division while providing strategic guidance to Division Managers on financial-related matters. ✔ Created a spreadsheet to facilitate communication and track activities between key leaders located in six states. ✔ Interacted with interdepartmental groups including Finance, Tax, Regulatory, Legal, Audit, Compliance, Credit/Risk Policy to align processes, maintain compliance measures, and support business objectives.✔ Played key role in steering successful completion of bank and system mergers and conversions. Show less

In this role I was responsible for preparing comprehensive financial reports for executive management and supervising payroll and accounting team. Additionally I was involved in the planning process and activities to enforce financial controls, maintain compliance, and aid senior management to accurately measure profitability. ✔ Pioneered automation of reporting from paper to Excel; trained others to use financial software.✔ Improved financial integrity by researching, interpreting… Show more In this role I was responsible for preparing comprehensive financial reports for executive management and supervising payroll and accounting team. Additionally I was involved in the planning process and activities to enforce financial controls, maintain compliance, and aid senior management to accurately measure profitability. ✔ Pioneered automation of reporting from paper to Excel; trained others to use financial software.✔ Improved financial integrity by researching, interpreting, and spearheading adoption of best practices relating to financial accounting standards within operations. Show less

Bachelor’S Degree, Accounting

Activities and Societies: Dean's List - 4 years, Accounting Club Member

Education record