John Erdmann Email & Phone Number

Wilmington, Delaware, Us

Toronto, Ontario, Ca

Lead the line of business CFO teams for all products including Commercial, Deposits, Consumer Distribution, Residential Lending, Credit Card, Wealth and Strategic Planning. Direct reporting, analytics, forecasting and planning activities, with responsibility for product profitability reporting, variance analysis, management information strategies, and development of strategic plans. Leading FP&A and management reporting integration efforts for acquisition of First Horizon.

Toronto, Ontario, Ca

• Business owner with full p&l responsibility for $20 - $30 million implementation of new allowance for loan loss standard in the U.S. ("CECL"). Industry speaker on CECL at various conferences / webcasts.• Increased organizational capabilities while reducing costs by 20+% through process re-engineering, automation and organizational redesign. • Oversee Finance Risk and Governance including SOX/FDICIA, CCAR, regulatory reporting, and finance strategic and operational risk. Activities include data governance, data validation and testing and quality control testing. Reduced SOX key controls by 44% and reduced CCAR data testing by 83% through improved risk assessment and key control optimization.• Restructured board decks and communications to be more clear and relevant which was well-received by the Board. Present regulatory reporting results, key accounting judgments and key regulatory risks/trends to CEO and Board of Directors on a quarterly basis.• Successfully developed and implemented complex accounting policies and procedures covering U.S. GAAP and IFRS including: consolidation of variable-interest entities, acquired loan accounting, derivatives and hedge accounting, business combinations, tax accounting, allowance for loan and lease losses and impairment of financial instruments.• Represented Finance on several committees including Operational Risk Committee, Regulatory/Audit Challenge Committee, Allowance Committee, U.S Retirement Committee and as well as serve on the Board of Directors of several REITs owned by TD. • Improved employee satisfaction scores in every category raising overall scores to all-time highs by providing targeted and meaningful development opportunities despite the cost reductions and rapid pace of change.

• Conducted conference calls and met with both analysts and shareholders to explain quarterly results, assist them in understanding the business and how to model it, and to provide perspectives on strategies for growth and potential profitability of PHH Corporation. Redesigned investor presentations to provide clearer and more meaningful disclosure and analysis receiving positive feedback from the analysts and shareholders.• Led the Finance reengineering effort for PHH Corporation. Reduced costs by 33% through process and workflow redesign resulting in approximately $20 million of annualized cost savings. Consolidated three separate accounting groups into one reducing headcount by 50% while maintaining or exceeding month-end close and SEC Reporting deadlines. Standardized policies and procedures across accounting resulting in significant savings in Sarbanes Oxley compliance and external audit costs.• Built return on equity analysis of production and servicing businesses based upon underlying cash flows as part of strategic planning process. Established a free-cash flow metric that was used both in external reporting and investor relations as well as for a significant portion of management incentives.• Assessed the economic benefit of potential bank acquisitions. Developed model to optimize capital structure considering risk-based capital requirements and designed presentation used to discuss options with the Board of Directors and banking regulators. • Developed a cash flow and balance sheet forecasting model which was used by Blackstone (private equity firm that had committed to acquire PHH Mortgage in 2007) to estimate the acquisition purchase price and required equity capitalization under various debt financing alternatives.

Managed Finance, Human Resources, and Operations consisting of approximately 95 full-time employees and 60 part-time employees. Accountable for overall P&L and margins. Negotiated an offshore outsourcing contract for data tabulation that reduced fixed cost and improved cost per hour by 40%.

Reporting directly to the President, oversaw Finance division consisting of 58 employees in three divisions, Responsibilities included: financial planning and reporting, forecasting, accounting policy, accounts payable, commission computations, and payroll. Designed a new planning and forecasting model that allowed RBC Mortgage to better understand the economics and key drivers of the business.

Managed the financial functions of 5 divisions worldwide located in the U.S., the United Kingdom, Belgium, and Spain. Responsibilities included: establish financial policies and controls, develop and review annual and three-year plan, evaluate and integrate various potential acquisitions, coordinate financial reporting and analysis, and facilitate corporate treasury and tax activities.

Us

Led the accounting and finance functions for Bank One’s Canadian credit card subsidiary including budgeting, forecasting, profitability analysis, month-end close, purchasing, accounts payable, compliance, and tax.Coordinated all internal and external audits/examinations, filed all bank regulatory reports and prepared the Board of Directors packages. Built Bank One International’s annual budget and three-year strategic plan. Coordinated the due diligence process related to the sale of the business to Royal Bank of Canada.

Riverwoods, Il, Us

Responsible for allowance for loan loss and all financial, regulatory, and escheat reporting for Greenwood Trust Company, the bank that issues Discover Card. Coordinated the FDIC and State of Delaware Safety and Soundness Examinations, which required detailed knowledge of several areas of the company including Asset Securitization, Treasury/ALCO, Credit Policy, and Risk Management.

Charlotte, Nc, Us

Responsible for SEC Reporting, corporate consolidation, and management reporting. Heavily involved in research and implementation of new FASB’s. Headed EDGAR project to meet SEC mandate to file all reports electronically.

London, Gb

Led audits of clients in various industries including asset management, broker dealers, mutual funds, banking, and manufacturing. Key clients included Morgan Stanley, Bankers Trust, and Delaware Group Mutual Funds.