Michael Finelli Email & Phone Number

Chicago, Illinois, United States

Treasury Management, procurement and vendor Consulting Services and Real Estate Development, Sales, and Services. Assist clients with procurement and vendor policies, negotiations, and process improvements; treasury consulting and liquidity management; and receivables and payables optimization.

Greater Chicago Area

Brown Dog Enterprises LLC - superior homebuilding & quality craftsmanship creating memorable spaces – elegant, residential ambiances designed to delight and inspire our customers.

Executive Director, Insurance and Real Estate, Global Treasury Services Work in partnership with treasury management teams to create and deliver highly customized, complex, and large-scale treasury management solutions that resolve the working capital and efficiency challenges of treasury professionals in the insurance and real estate industry. • Consult with clients to understand their treasury business goals to develop and deliver products, services and technologies that optimize global cash resources. • Serve as subject matter expert for the bank’s and clients’ treasury professionals to provide relevant solutions for international revenue collection and payments, cash flow forecasting, liquidity management, credit card programs, foreign exchange, shared services and internal controls. • Collaborate with banking partners to grow treasury revenue by implementing a strategic sales plan that leverages a consultative and solutions orientated approach, and develops new and cultivates existing relationships.

Chicago, Il

FEDERAL HOME LOAN BANK OF CHICAGO ▪ Chicago, IL ▪ 2010 ­ PresentSenior Vice President & Director, Mortgage Partnership Finance (MPF) ▪ May 2013 ­ presentVice President & Director, Member Products Support Group (MPSG) ▪ 2010 ­ 2013Co-Chair, Office of Minority and Women Inclusion (OMWI) ▪ 2010 ­ 2014Mortgage Partnership Finance ▪ Selected by the executive team to overhaul the Operations, Account Management, and Training functions within MPF with responsibility for transaction processing, mortgage servicing, account and delinquency management, customer service, member training, investor relations, new product implementation and manage a staff of 35+ professionals.• Improved operational efficiencies and metrics and cultivated an atmosphere of teamwork, pride, and excellence by bringing staff together in one location, instituting cross training, hiring talented professionals, and managing with an “open door” style to improve employee morale and communication.• Significantly expanded Account Management and Training functions serving the bank’s Member Participating Financial Institutions (PFIs) in Illinois and Wisconsin. Results achieved:  Training team presented 220+ on-site training sessions and 7 regional workshops to PFIS in 2014 Increased awareness of MPF services and products to a wide audience Improved communication, collaboration and information sharing between PFIs and the bank• Improved management of delinquencies, results was a 20% reduction in outstanding items.• Instituted Mortgage Operations Review and Evaluation, a new process designed to evaluate a PFI’s operations to appraise their readiness to participate in MPF program and identify best practices to improve performance.• A key member of MPF Management Team navigated all aspects of MPF business including strategic planning, member approval process, vendor management, and business development.•

Chicago, Il

Member Products Support Group ▪ Managed operations functions, including advances, letter of credits, wires, safekeeping/custody, collateral, collateral verification, securities settlements, administrative functions, capital stock, customer service, transaction processing and manage a staff of 30+ professionals. • Reorganized Member Product Support Group by successfully consolidating six small departments into the group, recruiting talent, initiating staff training, and emphasizing skill development for professional and support staff. Results achieved: Increased operating efficiency A highly motivated staff that worked cohesively to solve problems and serve customers• Spearheaded the establishment of a LOC team, marketed the product to members resulting in increasing business volume significantly and growing balances threefold. • Increased collateral balances and value to members by expanding guidelines.• Produced reports and presented to the Board of Directors, Credit & Collateral Committee, Asset & Liability Committee and other sub-committees of the Board.Office of Minority and Women Inclusion 2010 - 2014• Presided over the effort of the twelve-bank FHLB system to establish and implement reporting in response to new regulations adopted in 2010.• Forged the creation of OMWI office and Employee Inclusion Council increasing awareness within the bank and attended nationwide industry functions to communicate the bank’s commitment to diversity.• Originated OMWI guidelines for procurement boosting minority and women firms’ percentage participation in spending by 50% for two consecutive years.

Recruited to turn around numerous leadership challenges and achieve operating efficiencies for a national insurance third party administrator. Member of the executive management team reporting to CEO. Directed analysis of all corporate functions including; treasury, cash & investment management, budgeting, procurement, and operation activities implementing improvements that resulted in reducing costs by 18% company-wide in six months.Provide cash management oversight achieving higher investment returns by identifying superior investments while ensuring short and long-term cash flow needs.Spearhead review of banking services and negotiated favorable terms with new provider reducing banking fees 50 percent. Evaluated real estate expense and renegotiated new lease arrangements resulting in immediate 20% reduction in leasing costs.

Provide innovative and customized treasury management solutions to Fortune 500 CFOs and Treasurers. Manage portfolio of 21 global corporate clients representing $25 million in annual revenue achieving target sales growth in first year. Formulate and deliver solutions to clients providing ideas and products for their treasury and investment operations including disbursements, receipts, electronic funds transfer, and credit/debit card operations.

Manage all aspects of fiduciary relationships for bank's corporate and institutional clients representing $5 billion in corporate and pension plan assets providing expertise in the areas of investment management and products, securities lending, transition management, global asset custody, and investment performance measurement. Lead sales & marketing teams generating $4 million in revenue and a 50% profit margin. As sole director of trust product development developed and implemented an open architecture investment advisory service program including investment policy/guidelines, asset allocation, manager selection and monitoring, and performance measurement and reporting. Improve profitability of securities lending business by renegotiating revenue sharing with vendor and increasing program participation seven fold resulting in 300% increase in revenue. Achieve higher profit margin for Index Fund product by renegotiating contract with fund provider, creating a tiered fee structure that provided greater flexibility to clients.Member of LaSalle Bank Investment Committee; identify and recommend high performing asset classes, securities and fund managers used to deliver premier investment advisory services to clients.

Recruited to lead organization's financial operations; directly responsible for risk, cash, and investment management functions for 21 domestic and global insurance companies totaling $9.5 billon in assets including $1.5 billion pension plan assets. Member of executive management team reporting to CFO accountable for developing and implementing strategies and policies for; risk and cash management, investments, asset allocation, investment manager selection, financing alternatives, banking, foreign exchange, custody and securities lending. Develop and implement investment guidelines and strategies for 21 insurance companies within statutory requirements and for their pension plan assets in accordance with actuary studies and ERISA. Recommendations included adding asset classes, hedge funds and convertible bonds increasing portfolio diversification while reducing overall risk.Oversee capital fund initiatives; analyze & recommend funding options including credit & debt structures, and sale/lease alternatives. Direct foreign exchange hedging strategy and execution.Investment strategy successes include developing an internal large cap equity portfolio that outperformed the S&P four consecutive years, reallocated fixed income portfolio increasing yield 100 basis points, and created an alternative investments fund of funds vehicle.Manage banking relationships for a wide range of financing functions; reducing investment management annual expense from $11M to $5M; and annual banking fees from $4.1M to $2.1M.Enhanced cash management system by creating and implementing automated reporting delivering management reports in half the time, and significantly improving accuracy of reports used for investment planning and decision-making. Prepare presentations and reports for the Board of Directors on financial performance of insurance companies and pension plans.Recruited, trained and developed professional & support staff.

Responsible for managing a portfolio of approximately $10 billion comprising defined contribution and defined benefit plan, healthcare, foundation, and executive plan assets of Fortune 500 clients. Lead, direct and coordinate sales, product development and operational teams to structure solutions for clients and identify and generate new business. In less than one year increased assets under custody by $600 million and revenue by $800,000.

Manage $6 billion securities lending business; accountable for overall business functions including trading, operations, and investments. Created strategy to grow insurance company market for special deposits and reinsurance trusts, implementing strategy grew lending assets by $1 billion resulting in $1.1 million increase in revenues. Manage 18 professionals responsible for Master Trust & securities lending products and services.

Hired as accounting clerk and fast-tracked through a series of increasingly responsible positions over a 14-year period culminating with selection by executive management for Director of Treasury position managing treasury operations for holding company and 21 subsidiaries nationwide with annual sales of $3 billion. Recruit, train and develop Treasury department staff (24). Accomplishments include:• Spearhead decentralization of treasury/investment accounting functions of 10 business units within 6 months successfully achieving corporate restructure goals.• Revamp operations company-wide including developing, testing, and implementing new accounts payable and investment accounting systems increasing operating efficiencies and reducing costs.• Manage investment portfolios of holding and insurance companies totaling $9.5 billion in assets. • Effectively manage 65 banking relationships; reducing annual bank fees from $3.1M to $1.4M, a 55% reduction in cost, over three years.• Direct securities lending operations; increased revenues from $5.2M to $14.8M by developing and implementing creative reinvestment strategies, proactive program management and negotiating favorable contract terms. • Establish company-wide policies and procedures concerning abandoned property, cash management, accounts payable, and asset reconciliation.

Start up and operate family business; responsibilities including running all aspects of day-to-day restaurant operations, maintaining adequate inventory levels, negotiating supplier contracts, maintaining records of revenues and expenses, preparing accounting reports, and filing state and federal business tax returns.

Bachelor Of Arts, Finance & Business Administration

Yes