Nicholas Werner Email & Phone Number

Madison, Wisconsin, Us

• Support Summit’s mission in evaluating the ability to generate earnings in various economic environments, prospects for growth, and manage exposure to risks.• Serve as member of ALM team and undertake decisioning over investment portfolio management. • • • • Determine appropriate mix of external funding sources including Federal Home Loan Bank, Federal Reserve, and non-member deposits• Support decision-making processes in regards to pricing, marketing, and branch deployment• Develop credit union processes and capital/risk policies in anticipation of reaching $10 billion asset size• Analyze loan quality trends and calculate using the Current Expected Credit Losses (CECL) methodology for determining appropriate Allowance for Loan and Lease Losses balance• Present current financial results at monthly Board of Directors meeting• Lead team of 8 direct reports including Accounting Manager and Sr Financial Analysts.

Milwaukee, Wisconsin, Us

• Lead Finance and Accounting function• Conduct month end close and report on variances to CEO and Board of Directors• Led and implemented overhaul of accounts payable delegation of authority, systems, and process. • Implemented Divvy to manage credit card approvals and interface with accounting software• Led review and implementation of bill.com to manage other expense approvals and payables• Currently leading migration and conversion of accounting system from Quickbooks to Sage Intacct. • Revamped annual budget process to streamline chart of accounts usage and empower Leadership team to build their own department budgets• Managing financial structure to support a 25% annual revenue increase• Analyzed and implemented a new 403b retirement plan to provide a more robust benefits package for current and prospective staff

Minneapolis, Mn, Us

• Provide financial planning and analysis leadership and analytical support to Corporate Real Estate group.• Drive continuous financial control across a real estate portfolio totaling 32 million square feet and 3,000 locations.• Manage capital project pipeline and financial implications. Lead annual budgeting process and ensure that all proposed real estate capital projects are reviewed in accordance with company guidelines.• Research and provide financial estimates of implementing new real estate projects.• Ensure that financial projections of new projects are in line with corporate accounting guidelines and in line with historical benchmarks.• Reinvent capital project submission process into Capex system as to provide more automation leveraging new Macros, Vlookups, and Index Matching.• Compile presentations detailing current and proposed real estate portfolio projects to Corporate Controller and CFO. • Research and verify that proposed real estate projects accurately are reflecting in ongoing financials.

New York, Ny, Us

• Lead financial analyst for Reader’s Digest and Family Handyman magazine groups (annual revenue $250MM). • Consolidate North America (U.S. and Canada) P&L for month-end financial review with occasional support provided to product lines centered in Canada and Europe• Reconcile monthly financial variances to budget. Prepare explanations as necessary• Assess need for monthly accruals and work with Accounting department to book any needed entries. Provide proper documentation to support the journal entries.• Analyze all magazine production costs. Review manufacturing invoices for each magazine and determine where variances to the forecast occurred. Update production forecasting model with updated contracted rates as they are agreed upon. • Lead Product Cost task force with goal of investigating potential efficiencies within a $60MM annual product cost budget.• In 2015, my analysis uncovered over $2.0MM in annual postage expense savings which has resulted in operational efficiencies and direct EBITDA improvement.• In conjunction with Marketing department, analyze various promotional campaigns to determine the impact on revenue and the associated costs• Maintain the rolling monthly financial forecasts. Compile all sources of data into one load file so it can be properly loaded into Hyperion Smartview for North American product lines• Prepare explanations for all forecast changes and report to management• Conduct monthly review of balance sheet and cash flow. Analyze cash received and it’s impact on accounts receivable• Analyze gross orders and determine the financial impact on deferred income• Improve forecasting through the implementation of new modeling. Examples: I created a new model to more accurately forecast deferred income and accounts receivable. I also created a new, driver-based, model to more accurately forecast magazine production costs

Atlanta, Georgia, Us

• Lead financial liaison for product line with $1.5 billion in annual revenue• Coordinate the monthly sales reforecast process for all National Sales Accounts• Assist in the annual business plan process to formulate following year’s budget• Maintain the rolling monthly financial forecasts. Update the forecast file each month as new financial data is received• Gather all financial files from various departments and load them into a COGNOS database management program• Import all financial output from COGNOS into a standard financial reporting package• Investigate all revenue and expense variances and provide explanations to senior management• Support expense forecasting for several departments with total budgets of approximately $25 million. • Assist in the coordination of the monthly financial operations forecast review meetings

Turin, Piedmont, It

• Underwrite floor plan lines of credit up to $25,000,000 for agricultural and construction equipment dealers• Manage a commercial loan portfolio covering a territory of four states• Post annual/monthly financial statements into a standard financial spreading program• Update an annual credit rating for each dealer • Prepare a formal credit analysis on each dealer annually• Analyze the effectiveness of the current credit scoring model and make changes as appropriate• Design and implement new statistical models• Perform financial forecasting and business line profitability analysis

Minneapolis, Mn, Us

• Underwrite small business loan and line of credit requests up to $250,000• Specialize in commercial owner-occupied and investment real estate• Gather corporate financial statements and analyze debt service coverage• Analyze collateral positioning• Examine personal credit reports and upload information into a credit scoring model• Communicate loan decisions to small business owners

Mba, Finance

Bachelor Of Business Administration (Bba), Finance