Doug Pierce Email & Phone Number

Bethesda, Md

• Defined business requirements, policies, and procedures for multi-class modeling and deal on-boarding functions of common securitization platform (“CSP”).• Led SecOps effort through early conversion planning, as well as handling responsibility for conversion of multi-class portfolios onto CSP.• Created testing scenarios through component, system to system, and end to end testing efforts.• Performed multi-class modeling function post go-live.

Subcontracted to Common Securitization Solutions.

Mclean, Va

• Responsible for modeling and issuance of multi-class transactions, including REMIC, multi-family (“K-deal”), and credit risk transfer (“STACR”) securities.• Reverse-engineered dealer structures to ensure company issued what dealer intended and investor purchased.• Performed three-way tie out with accounting firms and dealers to ensure accuracy of all numbers in offering circular supplement (“OCS”).• Worked with internal and external counsel to ensure proper disclosure language is in OCS.• Conducted rigorous quality assurance procedures and transfer models to downstream servicing groups.

Chevy Chase, Md

• Managed rating agency process for underlying commercial loan obligation (“CLO”) and commercial real estate collateralized debt obligation (“CRE CDO”) collateral, which involves maintaining credit estimates and shadow ratings on approximately 150 CapitalSource obligors.• Oversaw servicing function on CLO and CRE CDO transactions.• Performed analysis for senior management.• Executed CLO transactions successfully.

Lisle, Il

Oversaw implementation and management of borrowing structures for Porsche Financial Services, ensuring liquidity and competitive funding costs. Managed interest rates, including placement of interest rate swaps in U.S. and Canada, as well as cash for all North American Porsche subsidiaries. Monitored and evaluated investment manager performance related to assets in strategic liquidity reserve.

Managed execution of all credit card securitization transactions and amendments to card securitization program. Maintained knowledge of credit card ABS market conditions and changes in regulatory environment, as it pertained to securitization program. Provided dialogue with rating agencies, investors, and bankers. Supported FBF treasury on issuance of non-credit card balance sheet securitization initiatives, including Home Equity Line of Credit (HELOC) and CLO securitization programs. Performed various ad hoc analyses for FCCS management.

Horsham, Pa

Supported transaction manager on execution of all securitizations and amendments, including review of legal documentation and preparation of prospectuses. Prepared and filed SEC shelf registration statement. Monitored trust performance on daily basis. Produced input for valuation of I/O strip. Compiled and reviewed a variety of management reports, including current market pricing, competitor pricing, and trust performance.

Philadelphia, Pa

Negotiated structures of all financings, including revolving credit lines, term ABS, and ABCP transactions, with outside parties including rating agencies, monoline insurance companies, and investment banks. Performed data analysis for new financings. Prepared model to calculate gain on sale of securitizations. Amended existing loan and securitization agreements to accommodate changes in business and corporate structure.

Mount Laurel, Nj

Managed funding vehicles of CFSG's sub-prime mortgage, non-prime auto loan, and non-prime auto lease subsidiaries. Hedged interest rate risk of non-prime auto loan portfolio. Produced all-in cost model for new securitizations. Developed and implemented policy covering investment of funds in collection and reserve accounts. Monitored economic conditions affecting asset-backed securities and derivatives markets.

Ensured accuracy of servicer reports for $1.5 billion of securitized assets, including commercial equipment leases, non-prime auto loans, and auto leases. Improved investment yield on collection and reserve accounts. Created training manual for completing servicer reports for new personnel. Developed new servicer reports for new securitization, including commercial lease, sub-prime auto loan, and sub-prime mortgage securitizations. Prepared monthly securitization summary for senior management.