Michael Matheny Email and Phone Number
I am an accomplished senior finance and accounting leader with demonstrated history of driving financial and business results across a diverse range of industries and environments. This includes enhancing the performance of business units ranging from $3MM - $3B in annual revenue in complex and matrixed organizations for large companies (Wells Fargo) and small companies (IMX Exchange), along with Big 4 experience at Ernst & Young LLP. Selected Results:• Increased run-rate efficiencies by $200MM through strategic finance leadership, building consistent financial processes, and focusing on KPI-related objectives.• Improved 5-year revenue impacts from marketing investments by $2B by leading team that built Wells Fargo’s first-ever Marketing Mix Models to measure and quantify the results and financial impacts of marketing• Delivered 25% growth in loans, revenues, and net income after tax across 23 regions by implementing improved financial processes, initiatives, and pricing strategies to help WF become the #1 Home Equity lender in the US.• Increased Return on Marketing Investment (ROMI) by 25% by building and standardizing ROMI capabilities for brand advertising, direct mail, sponsorships, and digital assets.• Extensive experience with SEC filings (IPOs, S-1’s, offerings), including developing innovative set of metrics by which IMX Exchange would be measured and valued in the public markets• Reduced funding cycle times by 20% and built Roll-on/Roll-off analysis to improve portfolio profitability.• Implemented new and improved Risk Management Framework (RMF) to satisfy extensive regulatory requirements, achieve Risk target operating models, and maximize closure of consent orders. • Personal - Running (New York City and Chicago Marathon finisher)Currently, I am VP, Controller at Patelco Credit Union, a $9B in Assets and $200mm in Revenue credit union based in Northern California. Previously, I held a number of senior Finance and Accounting roles at Wells Fargo across divisions such as Consumer Lending ($2.5B in revenue), Marketing ($1B in investments), and Corporate Functions (investments of $3.6B and 14k employees). Prior to joining Wells Fargo, I was Controller at IMX Exchange (an internet mortgage start-up) where I secured funding rounds and filed to go public. I began my career at Ernst & Young LLP in the audit practice (CPA License #72845) and progressed to the Audit Manager level with experiences increasing in responsibility across diverse industries such as financial services, software, insurance, and healthcare.
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Vp, ControllerPatelco Credit Union Mar 2022 - PresentDublin, California, Us- Responsible for leading day-to-day operations of the Accounting department for $9B in Assets and $300mm in Revenue company including financial reporting, regulatory reporting, accounting operations, contribution to strategic planning and goals, and relationship management with banks and other vendors. - Supervise 15 total team members to lead process improvements to optimize efficiencies, partnering with leaders across the organization to drive the Credit Union's strategic initiatives. - Manage all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements, maintaining internal control safeguards for the receipt of revenue, costs, and both budgets and actual financial results.- Supervise the monthly and quarterly close of the general ledger and review monthly financial reports in the Finance Committee and Board packages, along with updated Call Reports to the NCUA.- Implement consistent accounting policies, practices, and procedures.
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Senior Finance Manager - Corporate FunctionsWells Fargo Aug 2018 - Mar 2022San Francisco, California, Us- Lead all finance and accounting activities for the Corporate Risk and Legal divisions across Wells Fargo with annual investments of $3.6B and 14,000 team members. Supervise 15 team members and serve on the executive leadership teams for both divisions.- Increased run-rate efficiencies by $200MM through strategic finance leadership, building consistent financial processes, and focusing on KPI-related objectives.- Implemented new and improved Risk Management Framework (RMF) to satisfy extensive regulatory requirements, achieve Risk target operating models, and maximize closure of consent orders. - Reduced cross-departmental expenses by $100MM by implementing expense policies and budget approval processes, leading to more insightful financial forecasting and strategic decision-making capabilities.- Transformed cost allocation processes for ~$2B across the groups by implementing quantifiable metrics / drivers of allocations to improve investment trade-off decisions through partnership with business-unit leaders and CFOs. -
Head Of Finance - Wells Fargo Marketing DivisonWells Fargo 2016 - 2018San Francisco, California, Us- Oversaw all finance and accounting activities for consolidated Wells Fargo Marketing division with annual revenue of $2.5B and investments of $1B across 1,700 team members. Led a team of 10 and served as a member of executive leadership team and the company-wide Diversity, Equity, and Inclusion Council. Member of executive leadership teams within Finance and Marketing communities. - Functions include Financial Planning & Analysis, Accounting, Investment Decisioning, Financial Modeling, and Returns on Marketing Investments (ROMI).- Functions include Financial Planning & Analysis, Accounting, Investment Decisioning, Financial Modeling, and Returns on Marketing Investments (ROMI).- Increased division revenue by 20% while implementing expense efficiencies of $150MM.- Improved financial processes, metrics reporting, measurement of marketing financial benefits, and overall focus of P&L management and strategic leadership.- Increased Return on Marketing Investment (ROMI) by 25% by building and standardizing ROMI capabilities for brand advertising, direct mail, sponsorships, and digital assets.
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Finance Manager - Community Banking / Chief Administrative OfficeWells Fargo 2007 - 2015San Francisco, California, Us- Held multiple leadership roles in finance, accounting, measurement, analytics, risk and compliance, and information security functions for divisions with annual revenue of $1B on investments of $400MM and 500 team members. Businesses supported: Home Lending, Home Equity, Credit Card, Marketing, CAO, and Risk Management.- Improved 5-year revenue impacts from marketing investments by $2B by leading team that built Wells Fargo’s first-ever Marketing Mix Models to measure and quantify the results and financial impacts of marketing.- Reduced vendors by 40% and delivered annual run-rate expense saves of $125MM by executing cross-enterprise strategic sourcing initiatives that delivered rationalization and optimization of vendors.
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Vp And Finance Lead - Community Banking / Home LendingWells Fargo 2000 - 2006San Francisco, California, Us- Led finance and accounting functions with full P&L, balance sheet, pricing, portfolio, and production metrics accountability for $20B Home Equity portfolio with annual revenues of $600MM. Member of executive leadership team.- Delivered 25% growth in loans, revenues, and net income after tax across 23 regions by implementing improved financial processes, initiatives, and pricing strategies to help WF become the #1 Home Equity lender in the US.- Reduced funding cycle times by 20% and built Roll-on/Roll-off analysis to improve portfolio profitability. - Responsible for all financial planning & analysis functions for full P&L, balance sheet management, pricing, production metrics, and financial impacts of marketing investments, and overall analyses of the portfolio.
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Corporate Controller And Vice President Of FinanceImx Exchange, Inc. 1999 - 2000- Private internet software start-up company that created and maintained an electronic real-time bid/ask exchange between mortgage brokers and lenders to facilitate production of mortgage loans. Member of executive team.- Leadership and responsibility for all accounting, controls, finance, operations, and compliance functions (12 team members) including cash management, A/P, payroll, budgeting, and reporting.- Led team to prepare offering documents for public (Form S-1) and private (Series D, E) equity financings.- Developed set of metrics / measures by which IMX would be measured and valued in the public markets. - Developed processes and held responsibility for all accounting, controls, finance, operations, and compliance functions (12 team members) including cash management, A/P, payroll, budgeting, reporting, and fundraising. -
Assurance Services Manager, Previously Promoted From Audit Staff To Audit ManagerErnst And Young Llp 1993 - 1999London, Gb- Broad and expanding experience through increasingly complex and challenging positions within Big 4 accounting firm. Member of Financial Services executive team and licensed CPA in California (#72845).- Coordinated, planned and managed audit examinations and risk assessments of financial statements for public and private companies across a diverse set of industries. Engagement sizes ranged up to 15,000 hours and 10 staff members. Examples of clients served: BankAmerica, Providian, NextCard, Inc., IMX Exchange, Inc., and Geoworks. - Extensive experience with SEC filings (IPOs, S-1’s, offerings). Clients included: NextCard (IPO), Finet.com.- Member of national team that led the roll-out of Electronic Work Papers for the US offices of the firm.
Michael Matheny Education Details
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California Polytechnic State University-San Luis ObispoFinance And Management
Frequently Asked Questions about Michael Matheny
What company does Michael Matheny work for?
Michael Matheny works for Patelco Credit Union
What is Michael Matheny's role at the current company?
Michael Matheny's current role is Finance and Accounting Leader | FP&A | Strategic Business Partner.
What schools did Michael Matheny attend?
Michael Matheny attended California Polytechnic State University-San Luis Obispo.
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