Michael Ferguson Email & Phone Number

Salt Lake City Metropolitan Area

Woodcliff Lake, NJ

• Responsible for directing all Controlling and Reporting activities, which include financial reporting and planning, asset backed securitization (ABS) program, business line steering, and risk controlling, for the U.S.
• Ensure accuracy of all internal and external reports that are produced and distributed by the Controlling and Reporting department; while consistently assessing systems and processes to realize process improvements and.
• Ensure existence of robust internal control environment; and direct activities to measure and monitor effectiveness the internal controls.
• Direct, train, motivate, and develop the management team.

Columbus, Ohio, United States

• Ensured compliance with encompassing regulatory requirements relating to the organizational (front/back office) and operational structure within commercial finance credit business.
• Develop and implement strategic and operational commercial finance credit business plans.
• Direct, train, motivate, and develop the Commercial Finance Credit staff including managers and team leaders.

Hilliard, Ohio, United States

• Responsible for the growth and profitability of the Commercial Finance Business Line through successful development and implementation of commercial finance sales and product development strategies.
• Provide strategic direction and oversight of Commercial Finance Sales Operations functions in terms of commercial finance product (e.g. floorplan, mortgage, term loan, and lines of credit) development, positioning, and.
• Direct oversight of Commercial Finance Services functions, which include portfolio administration, payment processing, inventory audits, and internal controls, for U.S., Canadian, and Mexican operations.
• Direct, train, motivate, and develop direct reports, as well as serve as a role model and mentor for others within the organization.

Woodcliff Lake, NJ

• Responsible for directing all Controlling and Reporting activities, which include financial reporting and planning, asset backed securitization (ABS) program, business line steering, risk controlling, as well as.
• Ensure accuracy of all internal and external reports that are produced and distributed by the Controlling and Reporting department; while consistently assessing systems and processes to realize process improvements and.
• Strategic coordination between various departments and/or markets within the Americas Region to ensure optimal financial result is achieved.
• Ensure existence of robust internal control environment; and direct activities to measure and monitor effectiveness of accounting and financial reporting internal controls.
• Direct, train, motivate, and develop direct reports, as well as serve as a role model and mentor for others within the organization.

Greater Salt Lake City Area

• Responsible for all financial functions including accounting, financial reporting and planning (budgeting), treasury, risk management, as well as the Bank’s compliance function.
• Ensures compliance with GAAP, State and Federal regulatory requirements, as well as Bank policies.
• Inform the Bank’s Board of Directors regarding relevant activities and developments that have a material impact on the Bank.
• Establish the financial strategic direction for the Bank.
• Develop and supervise the Bank’s Controller, Treasurer, and Compliance Manager.

Munich Area, Germany

• Responsible for incorporating the local (U.S.) business requirements into the overall scope of the global project.
• Developed, and routinely track the progress of, the local project plan.
• Monitor and ensure compliance with internal ITPM guidelines.
• Control resources and budget in order to ensure achievement of project milestones.
• Managed the process of selecting the software that will be implemented as part of the project, which included development of Request for Proposal, facilitating meetings with external providers, coordination of.

Woodcliff Lake, NJ

• Provided expert advisory capability and interpretation on all levels of financial steering activity and concepts including: Pricing, Portfolio Yield Analysis/Projections, RANPV, RAROC, IR Performance, IR VaR, ROE, and.
• Performed regular reviews of pricing models and marketing programs in order to ensure achievement of profitability goals.
• Conducted monthly analysis of the asset and liability portfolio in order to develop appropriate hedging proposals.
• Monitored the development of U.S. economic indicators and interest rate environment in order to assess business impact.
• Coordinated and facilitated Regional Interest Rate Risk Strategy Meetings.
• Developed and supervised the Senior Financial Asset Liability Analyst and Senior Financial Steering Analyst.

Woodcliff Lake, NJ

• Accountable for developing a new business model for BMW Group Financial Services’ insurance business line in the U.S. market.
• Coordinated the Request for Proposal process for securing a consulting resource to assist in the development of a new insurance strategy.
• Lead negotiations and development of the engagement letter/contract.
• Responsible for managing all aspects of the consulting engagement.

Woodcliff Lake, NJ

• Managed all aspects of consumer insurance programs, including third party providers.
• Designed and implemented varies tactical and strategic programs in order to increase insurance product sales revenue.
• Developed annual budgets, forecasts, and long range plans for the insurance business in the U.S. and communicated results to BMW Group Financial Services executives.
• Ensured programs were in compliance with insurance regulations.

Woodcliff Lake, NJ

• Responsible for reporting of monthly financial and non-financial data to the BMW Group.
• Ensured compliance with BMW Group reporting guidelines and International Financial Reporting Standards (IFRS).
• Participated in the year-end audit of financial and non-financial information.
• Developed and supervised a team of Senior Financial Analysts.

Woodcliff Lake, NJ

• Supported the external audit process and ensured adequate internal controls were in place for the securitization accounting and compliance function as well as the Group reporting function.
• Oversaw the asset-backed securitization (ABS) accounting and compliance function.
• Created and developed value added analysis for senior management.

Dublin, OH

• Responsible for overseeing all aspects of the sales support function, which includes tracking, invoicing, analysis, and reporting to comply with the BMW of North America and BMW Financial Services subvention agreement.
• Project manager responsible for automation of sales support calculations within the IT architecture.

Dublin, OH

• Analyzed past due loans in order to determine best collection action.
• Conducted skip tracing on customers that could not be located.

Bachelor Of Arts (B.A.), Accounting And Finance

Master Of Business Administration (M.B.A.)

Research Paper in Business Theory, Leadership Development Initiatives in U.S. Organizations