William Mackey Email & Phone Number

Plainview, New York, United States

•Lead a well-capitalized $960 million Credit Union providing high savings dividends and competitive loan rates to the membership. •In collaboration with a team of dedicated professionals, deliver superior service to the Credit Union membership.•Create and execute the Strategic Plan and objectives of the Credit Union to ensure the long-term viability and success of the organization.•In combination with the Controller, oversee the Credit Union’s $580 million investment portfolio to ensure maximum returns within conservative risk tolerances.•Effectively communicate with staff to ensure efficient and consistent delivery of products and services to members in a timely manner.•Oversee all areas of risk management including: interest rate risk, liquidity risk, credit risk, compliance, and information security.•Oversee the implementation of strategic marketing objectives to solicit new members, grow the loan portfolio, and inform members of the many benefits provided by membership in the Credit Union.•Work with the Human Resources Director to provide competitive wages, benefits, education, and growth opportunities for the Credit Union staff.•Act as liaison to NCUA regulators as well as internal and external auditors.

Converted the credit union’s general ledger system from mainframe to third party vendor within 5 months. Transitioned investment portfolio accounting from excel spreadsheets to third party vendor.• Manage the credit union’s $500 million investment portfolio in order to maximize cash flow and yield while maintaining prudent levels of market, interest rate, and credit risk.• Preparation of financial statements for the credit union and presentation to the Chief Executive Officer and Board of Directors on a monthly basis. • Manage the credit unions interest rate risk position and cash flows to ensure adequate levels of liquidity. Report the credit union’s interest rate risk position and liquidity levels the board of directors on a quarterly basis. Monitor competitor-lending rates and recommend changes based on current and forward economic conditions.• Responsible for oversight of all accounting functions including: recording of transactions in accordance with generally accepted accounting principles, financial controls, credit union policies and procedures.• Analyzed company staffing levels and recommended changes to job responsibilities and reporting lines to maximize operating efficiency.• Determine the appropriate levels of loan reserves to be held by the institution given the credit risk profile of the lending portfolio. Analyze third party loan participation packages for credit risk profile and returns.

New York, Ny

Long-term assignment in the role of Asset/Liability Management Officer for a $1.5 billion bank under merger agreement until deal closing. Quickly and efficiently integrated into the existing process and operations of the institution.• Prepared monthly data files for third party ALCO firm utilizing database report writer tools. Analyzed and validated model results. Prepared monthly contingency funding plan and liquidity reports. Presentation of results to the Board of Directors.• Review investment portfolio for overall performance, cash flow, and rate exposure. Validate third party pricing and review for other-than-temporary-impairment.• Other assignments included: Prepared weekly deposit flow analysis and peer group product pricing, update strategic plan forecast, preparation and review of 10k schedules, capital ratio calculations, interface with internal/external auditors, update/review various internal finance division policies, and assist with financial statement review for loan applications.

De Novo bank chartered in February 2007 reaching $350 million in assets and profitability in 18 months of operations. Actively participated in company’s initial $32.5 million capital raise. Implemented new general system and financial reporting process.• Record and report to the Chief Executive Officer, President, and Board of Directors the financial position of the company on a monthly basis. Participate in presentations to potential investors and act as point of contact for shareholders.• Chair of the bank’s Asset/Liability management committee which is responsible for: establishing lending rates, deposit offering rates, determining the appropriate levels of wholesale funding, and managing the bank’s current and future cash flow position. Directly manage the bank’s interest rate risk position and report to the board of directors on a quarterly basis.• Develop the bank’s long-term strategic plan in accordance with corporate objectives determined by both the board of directors and executive management. Establish and monitor operating expense budgets at the cost center level in order to achieve profit plan targets.• Managed the bank’s investment portfolio during various stages of the economic cycle.• Member of the bank’s Asset Classification committee analyzing credit risk and determining appropriate loan classifications and workouts. Reviewed credit-offering memorandums for new loan originations. Knowledgeable in the underwriting process and loan rating metrics. Determine the appropriate levels of loan reserves to be held by the institution given the credit risk profile of the lending portfolio.• Responsible for oversight of all accounting functions including: recording of transactions in accordance with generally accepted accounting principles, financial controls, bank policies and procedures.• Act as liaison for company’s external auditors and directly interact with internal auditors as well as bank regulators.

Directly responsible for the preparation of the interest rate risk analysis for the company’s $60 billion balance sheet. Effectively and efficiently integrated Greenpoint Bank’s balance sheet into the asset/liability models. Assisted with the integration of the bank’s data into Capital One systems after acquisition.• Responsible for the production of monthly risk reports for the bank’s Asset/Liability Committee and Board of Directors. Assess duration of company products for economic value at risk and funds transfer pricing. Back testing of Asset/Liability model results and review of assumptions.• Constructed a data warehouse of all interest bearing assets and liabilities for ad hoc analysis. Preparation of monthly prepayment analysis on the bank’s residential loan portfolio. Performed analyses of the bank’s core deposit performance in volatile interest rate environments.• Evaluate strategic initiatives for the Board of Directors and management within policy limits and parameters.• Preparation of schedules for 10-Q and 10-K filings with the SEC.

Responsible for the preparation and monitoring the bank's five-year strategic plan, interest rate risk measurement, annual budget process, and business segment profitability reporting. • Apply financial projections and cost accounting data in asset/liability management reports to determine allocation of resources and product pricing decisions.• Measure and manage the bank’s interest rate risk exposure through simulation modeling, duration measurement and market value analysis.• Monthly and quarterly updates to financial projections and cash flow analysis.• Bank/branch acquisition and DeNovo branching strategy analysis.• Member of the bank's Asset/Liability committee.• Supervision of investment accounting function and portfolio analysis.

Performed regular month- end closing of the bank's financials.Full knowledge of securities accounting, fixed assets, prepaid expenses, and accrual based accounting for loans and deposits.Preparation and presentation of monthly financial reports to the Board of Directors.Full knowledge of FDIC Call Report, SEC reports, and bank offering prospectus.Development and supervision of accounting staff of twelve.

Regulatory reporting and special projects.Preparation of schedules for annual operating and capital budget.Assist in preparation of bank reconciliations.Prepare and review month end accruals for loans and deposits.

Bank reconciliations and general accounting functions.

Manage bank floor operations and supervision of personnel.

M.B.A, Finance; Corporate Finance

B.B.A, Finance