Richard Solt

Richard Solt Email and Phone Number

Structured Finance and Working Capital Management
Richard Solt's Location
McKinney, Texas, United States, United States
Richard Solt's Contact Details
About Richard Solt

Experienced Assistant Vice President Finance with a demonstrated history of working in the telecommunications industry. Strong operations professional skilled in Business Planning, Management, Financial Analysis, Finance, and Accounting.

Richard Solt's Current Company Details

Structured Finance and Working Capital Management
Richard Solt Work Experience Details
  • At&T
    Avp Treasury - Structured Finance And Working Capital Management
    At&T Apr 2018 - Nov 2021
    Dallas, Texas
    Direct the development of ECA loans as alternative financing. Interaction and business partnerships with vendors and their government agencies for loan supported procurement. In addition, directed programs and developed initiatives to extend payable terms and accelerate receivables collection. Further, provide insights to creative financing solutions to real estate holdings.
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  • At&T
    Avp - Finance: Payment Strategy And Operations
    At&T Apr 2006 - Apr 2018
    Dallas/Fort Worth Area
    Reporting to the Treasurer, responsible for check and electronic payment processing operations and developing strategies to enhance customer service and reduce costs. • Led an organization of 800 people with operations across the globe as a result of several multi-billion acquisitions • Led the integration and consolidation of operations that shuttered 3 plants creating annual savings of $8 millions and improved processes for additional $60 million in vendor/supplier costs • Developed daily reporting that measured operational effectiveness to ensure customer expectations were exceeded. • Developed monthly scorecard drove accountability that delivered a 25% improvement in cost per payment processed • Consistently rated “Best in Class” by outside consults
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  • At&T
    Executive Director-Finance
    At&T Nov 2004 - Mar 2006
    Reporting to the Vice President - Finance, responsible for development of accounting systems and processes with management reporting for new product launch. • Developed internal controls to ensure the integrity of financial reporting and cash disbursement. • Created reporting and tracking reports to effectively manage success of product launch. • Formulated tax planning for daily sales transactions. • Developed inventory control systems and procedures for leasing program. • Developed financial analysis on product and service offerings to ensure economic success
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  • At&T
    Executive Director Of Capital Markets
    At&T Mar 2001 - Nov 2004
    Reporting to the Managing Director-Treasury, responsible for the development of strategies and initiatives for capital markets which includes all debt, equity and investments for AT&T • Created strategies to effectively hedge foreign exchange exposure and execute initiatives with investment banks. Used options and forwards to hedge $4 billion currency trade in a Canadian transaction • Used interest rate derivatives to swap floating debt for fixed debt to optimally manage interest expense. Recently swapped $1 billion fixed rate debt for floating rate based upon Libor in arrears • Directed the executive of equity trades in portfolio holdings and share repurchase programs. • Issued debt in $1 billion tranches and worked treasury locks to garner $500 thousand in rate lock savings • Lead a syndicated bank group for $4.25 billion 365-day credit facility
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  • At&T
    Director Of Working Capital
    At&T Nov 1998 - Mar 2001
    Reporting to the Assistant Treasurer, responsible for the development of strategies and implementation plans to improve SBC's working capital - accounts receivable and accounts payable • Developed business segment level reporting of aged accounts receivable balances to facilitate accountability that improved receivable balances by $750 million and reduced DSO by 15 days • Lead the development of indices to track invoice payment practices that identified $100 million of invoices paid before due date
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  • Ameritech
    Director Of Financial Analysis
    Ameritech Mar 1996 - Nov 1998
    Reporting to the CFO, established a sophisticated financial management cost accounting and financial analysis department using leading edge methodologies. • Developed a reporting and tracking system to evaluate new products against business plan. • Developed methodology for value-chain analysis using activity based costing in determining profit contributions of business unit's products and services.
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  • Ameritech Advertising
    Controller
    Ameritech Advertising Mar 1994 - Nov 1996
    Reporting to the CFO, managed the corporate financial functions including financial planning/budgeting, investment analysis, cash management, financial reporting, and accounts payable/receivables. Staff of 75 •Chaired senior management committees that set the financial direction for the company. • Directed the development of Value Drivers, Activity Based Accounting, and Benchmarking to enable the corporation to gain better insights as to the operational levers to achieve success.
  • Ameritech Advertising
    Director Of Budgets And Business Planning
    Ameritech Advertising Mar 1990 - Nov 1994
    Responsible for the development of budgets and long-term financial plans for a $1 billion subsidiary
  • Ameritech Advertising
    Manager, Corporate Development
    Ameritech Advertising Sep 1986 - Mar 1990
    Responsible for developing and implementing growth strategies by identifying potential acquisitions, valuing and negotiating acquisition targets and directing due diligence efforts

Richard Solt Education Details

Frequently Asked Questions about Richard Solt

What is Richard Solt's role at the current company?

Richard Solt's current role is Structured Finance and Working Capital Management.

What is Richard Solt's email address?

Richard Solt's email address is rd****@****ell.net

What is Richard Solt's direct phone number?

Richard Solt's direct phone number is +121021*****

What schools did Richard Solt attend?

Richard Solt attended Walsh College, University Of Michigan-Flint.

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