Derek Tuttle Email & Phone Number

Chubbuck, Id

• Decisioned or recommended over $500 million in commercial loans. • Analyzed various loan types such as owner-occupied and investment real estate, lines of credit, equipment, auto, credit cards, and cash secured.• Worked as credit administration/underwriter to approve loans in a wide range of industries. This includes the construction, agriculture, restaurant, health care, accommodation, assisted living, retail, manufacturing, professional services, and transportation industries.• Successfully approved and closed SBA 7(a), express, and 504 loans. Obtained a government guaranty from the USDA when appropriate.• Extensive knowledge of construction lending practices, documentation, and regulatory requirements. Participated in the construction process for professional office buildings, large apartment complexes, warehouses, condos, and self-storage, among others.• Experience analyzing private client relationships. Products offered included various secured (real estate, cash value life insurance, marketable securities, aircraft, and specialized equipment) and unsecured loans.• Made recommendations for workout scenarios.

Pocatello, Idaho Area

• Managed 29 customer relationships with combined commitments of over $13 million. • Referred customers to the PCG, retail, trust, treasury management, and merchant groups.• Gathered and analyzed credit information for customers in various industries, including mining, retail, commercial real estate, construction, farming, utilities, food service, government, manufacturing, business services, medical, flight instruction, trucking, air transportation, and dental services• Used underwriting standards within US Bank’s credit policy to generate appropriate risk ratings• Collaborated with various lines of business such as leasing, foreign exchange, treasury, corporate payments, and wealth management to gather the necessary information to perform an analysis• Analyzed settlement and return item risk for customers that used ACH services; included these findings in the underwriting analysis• Created a streamlined spreading checklist designed to reduce audit exceptions in the Southern Idaho region

- Produced advanced financial reports to present to senior management, including forecasts; used operational and statistical data provided by internal departments and business partners to create the reports- Coordinated contingency procedures with internal business units and bank contacts when ACH/wire transfers of up to $4B could not initially be completed- Collaborated with a major multinational bank to establish a working relationship, including negotiating pricing for services- Participated in the formation of the balance scorecard for the department; identified the key metrics that would drive improvement in the collection and distribution of funds- Coordinated various projects by collaborating with up to five separate departments; project time frames ranged from two weeks to four months

- Worked with the Treasurer and Controller to create Sarbanes-Oxley compliant internal controls for the Treasury Department; met with auditors on a quarterly basis to assure compliance with those controls- Acted as a liaison between banks and accounting to reduce the average account reconciliation time from two weeks to five days- Developed strategic relationships with eight of the US's ten largest banks to leverage volumes and pricing- Generated over $50K in annual interest savings by minimizing idle cash through assessing the most efficient way of using zero-balance accounts, standing order transfers, and overnight sweep accounts- Reviewed daily cash position to determine borrowing or financing needs- Submitted collateral requirements such as profitability measurements, financial statements and occupancy rates to the bank for a $100M revolving line of credit- Provided loan documentation to lenders and investors to obtain commercial loans for storage facilities; including CMBS loans- Improved bank account structure by eliminating 20 unnecessary accounts, facilitating standing order transfers, and consolidating disbursement activities

Master Of Business Administration, Finance Concentration

- Selected as one of only 19 students out of 100 to provide consulting services to Catholic Relief Services in Kenya; developed.

Bs, Finance