Karl Pierce Email & Phone Number

Austin, Texas, Us

Scottsdale, Az, Us

Developing new processes and procedures within the AR/Collections team. Working together with the Treasury, AP, and Closing departments to provide a smooth workflow between each departments. • Creating an automated ACH and CC process to run only when invoices are generated.• Worked with Marketing department to create auto generated past due emails to agents.• Created monthly risk reserve as well as writing off items over 360 day old

Draper, Ut, Us

Successfully Moved Invoicing, Cash Application, and Collections from Financial Operations to the Shared Services department for all Healthcare products on the proprietary platform, to the corresponding area inside Shared Services department. Started a Treasury Operations depart to consolidate all major platforms (7 separate) to one Treasury group to improve efficiencies and reduce headcount.Created a streamlined ACH Debit process, recovering over 7 million in unpaid invoices.Started a pre-note process 3 weeks prior to implementation client start date, reducing money rejects and increasing cash flow.Consolidated and automated the ACH reject process from 5 department to 1, reducing the average re-pull form 38 days to under 10 days.

San Mateo, Ca, Us

Manage a diverse group of 25 financial analysts and specialists in administering consumer directed benefits including flexible spend (FSA), health reimbursement accounts (HRA) and health savings accounts (HSA) for 8000 enterprise clients. Produced SOP for all processes for healthcare products on the enterprise platform Oversee account pre-funding process of $100mmReduced open cash and invoices by over $50 Million and 3,000 invoices during the first year as managerManage cash application of client funding activityProject Manager for department with new ERP system implementationRedeveloped the annual client account reconciliation process

Established the municipal trading and underwriting department and trained the operations department as well as the institution sales force on the process of how to clear and sell Municipals to their existing clients.• Personally traded and underwrote municipal securities with a $25 Million trading line;• Managed departmental risk, including responsibility for all hedged positions;

Worked harmoniously with the CEO, CCO, COO and the Board of Directors. Managed all back office employees of the company as well as co-managed the production team. Produced monthly, quarterly, and annual cash flow analysis and performed forecasting and budgeting. Enhanced initiatives including new policy and procedures, a new accounting system, which provided monthly board and annual shareholder meeting reports. Oversaw the risk management for $10 Million, 6 person trading operation.• Divisional restructuring projects resulting in a reduction of Operational staff by 50% and company wide expenses by over 25%;• Achieved zero exception for 5 consecutive years of internal and external audits, (FINRA/3rd party audits. • Enterprise and trading department risk management and new product analysis;

Seattle, Washington, Us

• Opened Intermountain-West regional office;• National short-term municipal bond trader.

Opened Intermountain-West regional office in Utah and managed 6 sales people and trading assistants. Establish a short-term municipal bond presence. Trained institutional sales force as well as the trading assistants on how to sell short-term product line.• Implemented profitable new VRDN and Municipal Commercial Paper programs• Increased Institutional Sales force revenues by 25%.• Analysis of new municipal products for the firm.

Salt Lake City, Utah, Us

Acted as a national short-term municipal bond trader and the underwriter of all Municipal Note Deals. Immediately increased profitability of trading desk by establishing short-term market presence for the bank. Led Capital Markets division, which resulted in much stronger and more profitable relationships with both retail and institutional salespeople.• Increased production by 75% on the short-term trading desk.• Started a municipal bond school for the sales people.• Increased the number of institutional sales people selling the short-term municipal product line from 60% to 95% of all sales people.

Traded municipal bonds in all regions of the country, specializing in Midwest, Southwest, and High Yield sectors of the market. Developed and maintained relationships with both retail and institutional trading desks.• Increased account products by 273% in the High Yield department.• Increased production by 166% of the Southwest trading desk.• Added 25% more customers on the Southwest trading desk.

• Managed $2.5 billion Safekeeping and bond trading operations department (4300 customers);• Recruited by the Capital Markets group to become the manager of a 10-employee • back office team; • Hired, trained and managed staff; • Reconciled over 5 million in suspense account balances;• Within the first 6 months was the FIN-OP (Series 27) for the firm.

Finance, Business

Education record

Education record