Mary Holmes Email & Phone Number

Minneapolis, Mn, Us

Treasury Analyst

Minneapolis, Mn, Us

Manage Accounts Receivable, AR Accountants and Jamf School Finance. Jamf went public in 2020, multiple acquisitions, implemented GetPaid system, SOX and IBR.

Munich, De

Manage Cash, Unclaimed Property, Banking and Suspense Reconciliation for Allianz.

Treasury/Finance Director - was in transition due to my previous role being eliminated due to sale of the company.

Minnetonka, Minnesota, Us

Established the Treasury, Accounts Receivable, and Accounts Payable functions after Carlson Marketing was acquired by Aimia in December 2009. Hired and directed initial team of 12 employees and managed annual operating budget of up to $1.5M. Developed and managed Treasury, AP, AR, Corporate Travel, Concur, Corporate Card program, and finance policies for the $400M Aimia US Division. Operated as financial partner to internal business departments.MANAGED TREASURY AS A PROFIT CENTER • Created RFP’s and negogiated bank services, travel, expense management, and corporate card programs.• Implemented and efficiently managed Concur expense management system and new Corporate Travel program. • Negotiated and built annual Corporate Card rebate from $70K to $800K in six years.LED TREASURY STRATEGIES TO MINIMIZE RISK• Oversaw international banking in Europe, Asia-Pacific, and the Middle East, ensuring set-up of legal entities, bank resolutions, and services across 50 global bank accounts.• Designed, implemented, and maintained cash forecasting processes.• Forecasted cash needs, researched options, made short-term and mid-term investments, and monitored outcomes.• Managed relationships with multiple banks and with rating and regulatory agencies.DROVE COMPLIANCE TO REDUCE COSTS AND / OR TO ENSURE FEDERAL REGULATIONS • Transitioned parent guarantees, surety bonds, and letters of credit from Carlson to Aimia, reducing documents from 52 to 7.• Directed merchant services, card programs for over 400 employees, and third-party processing.• Ensured compliance as a Money Service Business including development of policies and procedures aligned with federal and state regulations; coordinated and supported audit reviews.Aimia sold company to private firm - One10 LLC May 2018. Position eliminated August 2018.

Us

Managed Treasury, Travel, AP, AR and Credit Collections functions for a $350M publicly traded computer security appliances and hosted services company. Managed staff of five employees and an annual operating budget of ~$750K. Particular focus on receipt of international funds (40% of receivables) during period of market volatility.KEY FINANCE LEADER IN M&A ACTIVITIES• Sale of business unit August 2008: managed payments and flow of funds, including outstanding debt. Line of credit closed due to debt repayment. Researched and negotiated new line of credit.• Secure purchased Securify October 2008: took ownership of all banking, AR, and AP processes; able to close all accounts by January 2009.• McAfee acquired Secure Computing November 2008: Transitioned all Treasury functions to McAfee by February 2009.COMPLIANCE• Oversaw SOX and SEC compliance and created documentation for Treasury, AR, and AP. • Managed and monitored rating services: D&B, Moody’s, and S&P.• Controlled and monitored company debt facilities, debt covenant compliance, amendments to existing credit facilities, and letters of credit.TREASURY MANAGEMENT• Managed 12 domestic bank accounts and services, and partnered with International Finance Director to manage 40 foreign bank accounts and services.• Set up multi-currency accounts for Canada and the UK.• Developed FX hedging policy and procedures, and analyzed and prepared swap scenarios for senior management and Board of Directors to hedge against foreign exposure and mitigate loss.• Provided daily monitoring of cash position to determine need for borrowing on revolver.• Completed quarterly and annual cash forecasting, determining cash position for quarter-end guidance. Estimated quarterly debt pay down.• Managed payments and flow of funds, including outstanding debt. Line of credit closed due to debt repayment. Researched and negotiated new line of credit.• Implemented ghost credit cards for all travel charges and earned company rebate.

Minneapolis, Mn, Us

Recruited to upgrade and lead the Treasury function for Allina and Medica employing 24,000 employees across 80+ hospital and clinic sites. Managed a $15M budget and three employees. Note: In 2002, due to an Attorney General Audit, it was determined that Medica would become a separate company. Managed the process of demerging the treasury function and setting up a new Treasury Department for Medica.RESTRUCTURED AND LED TREASURY• Managed over 50 bank accounts for Allina and Joint Venture entities.• Partnered with Legal, Tax and senior management to determine the requirements for new entities and/or Joint Ventures and to ensure implementation.• Provided cash forecast quarterly for required regulatory agencies, determining need to borrow on revolver to meet non-profit medical entity 88 days of cash on hand requirement.• Adapted an ACCESS database as the Treasury workstation - able to upload to the Lawson accounting system.• Redesigned lockbox for business units. Eliminated redundancy and manual processing, and migrated from paper to imaging.LED TREASURY AS A PROFIT CENTER• Researched and captured over $3M in unclaimed property within two years.• Managed and monitored company debt facilities, debt covenant compliance, and amendments to existing credit facilities, leases, surety bonds, escrows and letters of credit. • Redesigned and implemented credit card processing for over 350 point of service locations that included: hospitals, clinics, pharmacies, gift shops, hotel, joint ventures, 3M Senior PGA golf tournament, foundations, transportation, and online systems.DROVE FRAUD COMPLIANCE• Implemented fraud controls on all bank accounts. Found and documented over $300K in fraudulent checks that had hit accounts the prior year within three months of hire.• Restructured treasury processes; developed over 75 policies and controls for treasury and finance.• Partnered with Internal Audit to train locations that handled funds on policies and procedures.

Minneapolis, Mn, Us

Treasury Analyst and Mutual Fund Accounting Administrator with Lutheran Brotherhood (Minneapolis, MN). Monitored cash, trust accounts, security settlements, and fund transfers of cash up to $1.4B daily. Managed over 40 commercial and custodial bank accounts, services, and contracts for company entities. Compiled and created annual reports on mutual funds.

Minneapolis, Mn, Us