Michael M. Email & Phone Number

New York, Ny, Us

Greater New York Area

The firm offers an array of treasury consulting services on an interim or project basis. Leveraging an organization’s existing platform based upon its People, Process and Technology, the firm engages cross-functionally to stabilize existing operational requirements and to introduce responsible and sustainable solutions focused on optimizing all facets of treasury.Interim Treasurer for $750MM revenue private equity portfolio company:• Administered A/R- and inventory-based ABS facility including the preparation of the monthly servicer report. Led the annual field exam, coordinating the compilation of all data requirements, arranging access to operational SMEs to review results and procedures, and coordinating plant tour and conduct inventory count.• Managed all insurance lines and claims. Led renewals, achieving a flat premium result. Results achieved through the provision of rightsized/accurate exposure data, identifying alternate providers leveraging relationship management and providing transparency by affording access to the Company’s SME’s.• Administered global cash management, liquidity, and vendor payment requirements, prepared a weekly 13-week rolling direct cash forecast, and integrated the treasury/banking requirements for two acquisitions.Interim Treasurer of global multi-billion-dollar revenue carveout:• Supported stand-up of treasury function, ensuring daily cash management capabilities, negotiating banking product/services credit allocations, establishing foreign exchange facility including Dodd-Frank/ISDA requirements, negotiating monthly netting capability and structuring a $150MM A/R-based ABS facility.• Created global 13 week rolling direct cash forecast, driving consensus on the forecast type, format, and preparation timing.• Sized global closing liquidity target consistent with the terms of the purchase agreement; led discussions with the acquirer to socialize the requirement, review the rationale and achieve alignment.

New York, Ny

Reporting to CFO of LG Household & Health Care Americas (comprising US, Canada, Puerto Rico, Dominican Republic), managed daily cash positions, liquidity, cash forecasting, debt portfolio, bank relations, capital structure, insurance risk management, SOX, foreign currency, DB/DC plans, credit & collections and corporate purchasing card program; managed five professionals.• Established sustainable treasury department, hiring/training staff, defining functional responsibilities, initiating cross-training to ensure consistent coverage for core requirements, and promoting the team’s capabilities.• Member of pension committees overseeing the Company’s defined benefit and defined contribution plans in the US, Canada and Puerto Rico. Sponsored a strategy to reduce US defined benefit contributions by $10 mil over a five year period. Sponsored and implemented an LDI glide path in the US and Canadian defined benefit plans (achieving an essentially immunized 90% hedge asset / 10% growth asset investment allocation). • Introduced a thirteen-week cash forecast to provide medium- and short-term cash visibility, and established liquidity metrics.

Short Hills, Nj

Reported to Treasurer/Investor Relations Head. Managed lender/rating agency relationships, cash mgmt/treasury operations, liquidity profile, S/T investments, S/T and L/T cash forecasting/debt management, capital structure, interest rate risk, share repos, DB/ DC plans, SEC reporting, SOX, FAS133/FAS157, policies/procedures, process re-engineering.•Refinanced five-year revolver in 2011. Increased capacity $150 mil to $800 mil, cultivated new relationships to absorb capacity, introduced $250 mil expansion feature, created fee model to align lender commitments/returns. Restructured again in 2014; increased capacity $200 mil to $1000 mil, re-defined leverage covenant to afford borrowing flexibility. •Placed $750 mil five- and ten-yr bonds in 2012 to retire $300 mil bond maturity and increase revolver capacity. Placed $300 mil five-yr bonds in 2015 to fund $320 mil acquisition. Interfaced with legal/accounting/underwriters, prepared marketing materials, determined roles/economics, coordinated due diligence/ investor marketing.•Introduced five-yr cash forecast to support TSR. Multi-year visibility drives internal investment, M&A, share repo, dividend policy, leverage targets. Model simulates ratings metrics to prioritize strategic initiatives vs potential ratings actions.•Board member of three tax entities. As Treasurer, oversee operating performance/structural considerations to ensure financial targets are achieved. Ensure compliance with accounting/tax/audit/legal/SOX.•Disclosure committee member. Review preparation of periodic reports/proxies/registration statements/other SEC-filed information, and press releases containing financial information/earnings guidance/strategic announcements. Ensure effective disclosure controls.•Implemented on-line cash system in 2011. Framework emphasized fraud risk minimization, introduced dual controls, tiered limits, seniority-based SA rights, SOX-compliant work streams, repetitive templates and offsite disaster recovery.

New York, Ny

Reported to Chief Financial Officer. Managed insurance risk management, credit and rating agency relationships, short- and long-term debt management, capital structure, liquidity profile, cash flow forecasting, short-term investment portfolio, foreign currency exposure management, policies and procedures, and Sarbanes Oxley, FAS133/FAS157 requirements. Managed five professionals.•Managed orderly liquidation of $235 mil auction rate securities portfolio, working with third-party valuation firms, brokers and intermediaries to monetize securities at then-attractive valuations as market liquidity allowed.•Managed insurance program with $5 mil of annual spend, reducing premiums by up to 20% during the first renewal, improved broker relations by ensuring timely processing of renewal documentation to optimize negotiating leverage, and introducing processes to collect and notice EPLI claims and property exposures.•Managed global cash collections team. Added headcount, introduced incentives, and created weekly and monthly forecast reports to improve cash flow visibility and ensure quarterly collections targets were met.•Re-established banking relationships with fifteen institutions following a three-year financial restatement–related hiatus, debriefing on SEC-mandated reporting protocols, organizational developments and sustainability measures.•Member of senior management team mandated to identify and vet strategic alternatives for the disposition and/or re-characterization of the operating company portfolio to offset liquidity challenges resulting from expenses associated with a multi-year financial restatement process and a soft operating environment.

Elmwood Park, Nj

Reported to Treasurer. Managed credit and rating agency relationships, short- and long-term debt management, accounts receivable securitization vehicle, daily liquidity, cash forecasting, global capital structure, Sarbanes Oxley, FAS133 and FAS157 requirements and foreign currency risk management.•Managed $160 mil accounts receivable securitization vehicle, drafting policies, negotiating terms, insuring consistency with corporate credit and funding profile, and aligning operational and compliance reporting requirements.•Promoted FX management to minimize earnings volatility and economic risk, introducing six hedge programs, devising hedge strategies, drafting policies, and initiating global balance sheet exposure coverage. Placed options to hedge $120 mil non-US remittance to subsidize senior note retirement.•Facilitated June 2009 $400 mil senior notes offering to address liquidity risk associated with looming $750 mil asbestos-related class action settlement and a maturing $431 mil convertible note issuance.•Restructured $500 mil revolver to afford greater financial covenant flexibility in a challenging operating and liquidity environment, improving leverage test mechanics and introducing a $250 mil expansion feature.

Parsippany, Nj

Apollo Management Private Equity Transaction: Transitioned from a publicly-traded NYSE entity to a private company in February 2007. Reported to Chief Financial Officer/Treasurer. Managed the orderly transition from an investment grade company to a highly leveraged portfolio company, managing financial, credit and rating agency relationships, short- and long-term debt management, accounts receivable securitization facilities, daily liquidity position, cash flow forecasting, global capital structure, foreign currency and interest rate risk management, and Sarbanes Oxley, FAS133 and FAS157 requirements. Managed four professionals.•Member of team that structured $3.9 bil senior secured financing including a $0.75 bil revolver.•Member of team that structured $3.1 bil of seven- and eight-year senior unsecured notes. Interfaced with the attorneys and underwriters, and participated in the due diligence and investor sessions.•Restructured $1.2 bil of accounts receivable securitization vehicles comprising three programs, one UK-based. Negotiated tenor extension to five years to eliminate re-financing risk and achieved financial terms favorable to the market for comparable highly-leveraged entities.•Contracted $0.8 bil of interest rate swaps to manage the Company’s fixed/floating mix. Leveraged Reval to warehouse derivative contracts and administer month-end accounting and FAS133 requirements.

Parsippany, Nj

Cendant Share Distribution: Separated from Cendant as a stand-alone publicly traded NYSE entity in August 2006. Reporting to Chief Financial Officer/Treasurer, led the creation of a treasury infrastructure to support the Company's public-company status, managing financial, credit and rating agency relationships, short- and long-term debt management, accounts receivable securitization facilities, daily liquidity position, cash flow forecasting, global capital structure, foreign currency and interest rate risk management and Sarbanes Oxley, FAS133 and FAS157 requirements. Managed five professionals.•Member of team that structured $1.3 bil of short- and $1.7 bil of medium-term financing including a $1.05 bil five-year revolver.•Member of team that refinancied interim credit facility with $1.2 bil of senior notes; three-year floating, five- and ten-year fixed tranches. Participated in the structuring, due diligence and investor sessions. Issuance was comfortably oversubscribed.•Contracted $0.4 bil of interest rate swaps to hedge $1.2 bil senior note pre-issuance risk.•Managed $1 bil of accounts receivable securitization vehicles comprising three programs, one UK-domiciled. Negotiated terms and insured consistency with corporate credit and funding profile and operational alignment. •Implemented Chase Insight for cash, Weiland for bank accounts, and Reval for debt/derivatives.

Parsippany, Nj

Managed non-US requirements including Dublin-based in-house bank, treasury operations services, currency exposure identification and hedging, liquidity management, bank relations, capital structure, repatriations, acquisition integrations, FAS133 and Sarbanes Oxley. Managed two professionals.•Established international capability, defining requirements, recruiting and developing staff, creating reporting and analytical standards, and establishing affiliate and banking relationships.•Managed Dublin-based IFSC. Created in-house bank with 65 participants, generating $3.5 mil of annual income. Facilitated global pooling, minimized negative interest arbitrage and centralized currency risk.•Member of integration team, managing international requirements for acquisitions exceeding $3 bil. •Created rolling cash forecast comprising 120 units globally. Promoted working capital efficiencies, placed guarantees to free cash collateral and derivatives to replace currencies used to hedge payable risk.•Introduced currency risk management to minimize earnings volatility and economic risk, creating six hedge programs, automating exposure reporting, and drafting policies; $25 mil of hedge gains during 2000-2005.•Member of team that implemented Dutch tax structure, yielding $35 mil annual savings. Defined banking and funding infrastructure, and transitioned operational requirements to a UK shared services center.

Pawtucket, Ri

Newly created position. Managed non-US requirements including currency exposure identification, hedging strategies, liquidity management, bank relations, policy development, capital structure and repatriations. Managed two professionals.•Member of team that implemented Swiss tax structure, yielding $20 mil annual savings. Created treasury center, drafted policies, arranged credit and currency facilities and implemented cash pooling.

Wichita, Ks

Newly created position. Managed non-US requirements, including currency exposure identification, hedging strategies, liquidity management, bank relations, policy development, capital structure and repatriations. Managed two professionals. Company was acquired by Sunbeam Inc. in May 1998. I opted not to accept an offered Assistant Treasurer's position with the acquiring company.

New York, Ny

New York, Ny

New York, Ny

New York, Ny

New York, Ny

Mba, Finance

Ba, Dual Majors: Business Administration / Communications

High School, College Prep