Derek Terry Email & Phone Number

Charlotte, Nc, Us

San Francisco, California, Us

Technology Finance- Chief Technology Office•Report Development - Improved the 5-year Capital Plan process, transparency and accuracy by developing an automated monthly depreciation schedule template including asset life, initial cash outlay date, and actual asset in-service depreciationstart date for technology assets with different useful lives and varying vendor purchase lead times•Report Development - Developed business case justifying software automation adoption supported by a detailed cost/benefit analysis encompassing domestic and offshore engineering resources that included costs of facilitators, coaches, program coordinators, required training hours and other expenses yielding total hours and equivalent FTE saved•Project Management - Enhanced the tracking and forecasting of Capital Spend by expanding the use of an internal technology purchase application to the extended team after providing the necessary background and process flows along with commensurate benefits and next steps to ensure a smooth transition and implementation•Report Development - Identified salary rate inconsistencies through a bespoke salary expense analysis leading to rate adjustments and greater accuracy in expense management and forecasting for go-forward periods•Change Management - Produced month-end analysis, reporting and root cause variance analysis, annual budget and planning, monthly forecast, headcount-related reporting and analysis while managing unanticipated, high-priority events through a two-year period of continual organizational change•Change Management - Assisted in directing teammates’ work efforts, conducting quality checks of peers’ reports, and collaborating on methods to increase accuracy and consistency of reporting across the team

Charlotte, Nc, Us

Secured [Custom & Securities-based] Lending Reporting•Profitability Analysis - Key partner in developing quarterly P&Ls across multiple Commercial and Consumer loan products within Merrill and Private Bank including net interest income along with advisor compensation, operations, servicing and shared / allocated expenses providing Senior Leadership with a robust assessment of product profitability•Report Development - Enhancing numerous weekly, month-end and quarterly reports and dashboards with metrics including ending and average loan balances, credit line increases and paydowns, yields, spreads and utilization rates within Merrill and Private Bank

Charlotte, Nc, Us

Centralized Regulatory Reporting •Change Management - Prepare off balance sheet-related sections of SEC 10-K, FR Y-9C, FR Y-15, FFIEC 031 and FFIEC 009 schedules ensuring quality, integrity and robustness of data while transitioning to a new Authorized Data Source along with validating data provider conformance to reporting instructions, cross report reconciliations and tracking issues from identification through remediation•Project Management - Managed attestation that resolved reporting issues covering $47B in long-term debt instruments reported across multiple regulatory schedules by developing enhanced reporting processes, validating data sources for accuracy and soundness while adhering to report requirements that concluded with a thorough review by Internal Audit and resulted in a successful resolution•Report Development - Developed an FR Y-15 Executive Review presentation for Band 2 and Band 3 executives that detailed the Global Systemically Important Banks (G-SIB) score calculation with metrics and variance analysis along with underlying systemic indicators driving the overall score that ultimately determines the Bank’s capital surcharge

Diemen, Noord-Holland, Nl

TIAA-CREF- Asset Management Finance•Report Development - Redesigned monthly Forecast Review report by integrating real-time links to metrics, charts and tables along with the supporting infrastructure and including actionable insights in an Executive Summary of results and relevant commentary enhanced with "Red-Yellow-Green” status versus Plan/Forecast ultimately presented to CEO of TIAA-CREF Asset Management•Technical Expertise - Developed an alternative Profit & Loss report by identifying, sourcing and segmenting data into Asset Management's Direct expenses (e.g., Investment, Distribution, Marketing and Operations), Allocated expenses and Overhead expenses thereby enabling trend analysis and expense metrics benchmarking versus key competitors

Irvine, Ca, Us

•Technical Expertise - Utilized data analysis, data transformation, and relational database knowledge to compare third-party chassis management system and internal billing system over a 4 month time frame and identified an additional 28k rental days that were ultimately billed to customers and generated revenues of ~$336k•Profitability Analysis - Developed Business Intelligence (BI) analytics and visualization to calculate chassis work order count and expense by location and identified those locations where chassis were experiencing significant rework and alerted Senior Leaders where to focus cost reduction activities•Report Development - Managed relationships across operations and technology functions and identified revenue, expense, and cash flow drivers, sourced relevant data and built an automated reporting infrastructure to produce a Weekly Update submitted to Private Equity Investors, Board of Directors and other Senior Leaders

Colorado Springs, Colorado, Us

•Change Management - Developed quantitative and qualitative metrics along with the measurement framework that assessed compliance with Basel II Section 22 requirements, overall strength of advanced systems and supporting processes, and status of the Basel II Program•Report Development - Designed reporting infrastructure for sustainable Line of Business and Board of Directors level reports that demonstrated readiness for Basel II parallel entry, exit and ongoing compliance and supported confident attestation during regulatory reviews

Charlotte, Nc, Us

•Financial Management - Provided Support Services business unit with clarity and financial transparency by developing and implementing the financial reporting/forecasting infrastructure along with a monthly Financial Summary package and facilitating biweekly, cross‑functional team meetings with Business Support Managers and the Controller team reducing average monthly reforecast variance to 4% of an annualized expense base of $127MM

Charlotte, Nc, Us

•Dashboard Development - Developed the Summary Dashboard from Senior Management’s initial vision to full-scale report implementation that includes Technology Program Projects, Issues, Defects and Financial Snapshot featuring automatic updates to user-defined Road Map specific information along with drill-down capability to display supplemental detail used to monitor monthly program status and provide strategic direction to Project Managers, Change Managers and other Senior Leaders•Financial Management - Developed the Intramonth Financial Variance and Resource Analysis report that includes Actual vs. Forecast expenses by week with drill-down capability by Road Map in order to assist in the proactive management of Technology Program expenses and resources thus ensuring Road Map owners and other key stakeholders understand and react to variances in real time thereby enabling implementation of sustainable remediation to financial and resource allocation risks•Technical Expertise - Produced Defect Management Summary report in an accurate and timely manner by identifying and resolving legacy formula errors and modifying SQL statements for continuously changing business requirements simultaneously reducing reporting cycle by 33%

•Financial Management - Managed trading floor technology-related expenses, capital expenditures, resource allocation/utilization while converting internal customer requirements into a monthly financial forecast by collaborating with numerous business partners•Technical Expertise - Developed the financial forecasting/reporting infrastructure by integrating internal applications with Excel and Access to support Sr. Project Managers and the Program Director in accurately forecasting and reporting program expenditures

•Reporting - Coordinated merger/acquisition integration of Golden West Financial Corp. financial reporting activities impacting on-balance sheet loan activity and deposit levels•Sarbanes-Oxley - Ensured internal processes for financial control surveys mitigated risks effectively and complied with appropriate standards

•Modeling - Developed an automated weekly cash flow model incorporating metrics such as sales, purchase orders, product returns, A/R and A/P to provide timely and accurate cash projections to external creditors•Profitability Analysis - Created a business case evaluation model including product sell-through, gross margin, returns shipped back to studios, returns available to resellers, shipping expenses and movie studio rebates to ensure Marketing’s financial accountability and strategic rationale of various promotional activities

•Profitability Analysis - Redesigned existing monthly project tracking report to provide Senior Leaders with the ability to measure and compare both prior and forecasted allocation of financial resources used among competing projects•Forecasting - Developed a weekly forecast template, along with the supporting query structure and appropriate tables, that provided portfolio project managers with the ability to reforecast a rolling eight months of future expenses and expected revenue increases/cost savings

Charlotte, Nc, Us

•Technical Expertise - Improved existing procedures by eliminating manual data entry and automating processes across disparate reporting systems while reducing reporting time and increasing accuracy of Federally-mandated reports•Process Analysis - Provided critical process analyses and support for a comprehensive audit performed by the Federal Reserve Bank of New York that culminated in a successful resolution

Johannesburg, Gauteng, Za

•Modeling - Developed model used by senior management in annual 5-year strategic planning process that forecasted detailed income statements and head count (FTE) requirements by division (6 divisions, $242MM annual revenue)•Profitability Analysis - Created and analyzed comprehensive customer segmentation reports that integrated company actuals, Standard Industrial Classification codes and material handling industry information, used by Operations Managers to benchmark current corporate revenue versus total potential market share•Technical Ability - Developed resource (FTE) model using Solver and incorporated variables including full-time vs. part-time employees, number of years of experience (higher vs. lower billable rate) and non-billable hours (e.g. training, holidays and shop clean up) to determine total number of technicians required to generate service revenue goal•Change Management - Implemented corporate-wide Balanced Scorecard using strategic enterprise management software after employing business partnering and influencing skills to overcome initial resistance from long-serving Branch Managers

Mba, Business Administration

Bs, Finance