Kenneth Nichol Email & Phone Number

Carol Stream, IL, US

Greater Chicago Area

Greater Chicago Area

• National provider of consumer financing directed toward less than prime customers. Acquired PCS Receivables Corp. in 2017.Senior Vice President – Post Merger TransitionResponsible for integration of PCS into the Castle.
• Completed integration of PCS accounting and financial reporting systems into Castle’s system within 12 months.
• Initiated federal and state mandated compliance rules along with applicable regulations.
• Reviewed credit card payment processing costs and moved to new vendor saving $125,000 annually in processing fees.

Greater Chicago Area

• National provider of consumer and commercial financing.President / Chief Operating Officer Responsible for daily operations including total P&L, credit, sales, treasury, accounting, and collections operations. Staff of.
• To minimize financial liability of parent, created two LLC subsidiaries focusing on loan servicing and bad-debt purchasing.
• Completed annual GAAP audit every year without qualifications utilizing RSM-US.
• Working with auditors, discovered and awarded $900,000 state tax refund from state.
• As Chief Compliance Officer, implemented mandated systems to comply with Consumer Finance Protection Bureau (CFPB).
• Collaborated and directed IT to transform original Accounts Receivable system into complete Customer Relationship Management (CRM) system including Credit and Sales, Customer Service, Collections, and Compliance modules.

Greater Chicago Area

• National provider of consumer and commercial financing.Chief Financial Officer / TreasurerDirected daily operations with 75 team members overseeing Treasury, Accounting, and Collections operations of commercial and.
• Partnering with CEO, established an $88 million line of credit with a five bank consortium.
• Key financial member of management team in the $5 million acquisition of Prime Acceptance Corp (PAC).
• Managed PAC and directed turnaround, growing financial balances from $5 to more than $150 million within seven years.
• Within 24 months, reversed annual losses of $1.2 million returning to profitability while increasing revenue from $2 million to over $5 million.
• Out-sourced statement processing costs saving $300,000 in capital expenses and $400,000 in annual internal costs.

Chicago, IL

• Publisher of reference, children, and instructional books.General Manager / Assistant to the PresidentAssisted President with daily business operations mainly overseeing sales, orders, accounting, and treasury.
• Replaced legacy system, and integrated new statement mailing system savings of $150,000 annually.
• As a precurser to Internet searching, managed research services department to encyclopedia customers.

Master Of Business Administration - Mba, Finance

Bachelor Of Science - Bs, Business Administration And Management, General

Education record