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Manager Accounting

Location:
Winston-Salem, NC
Posted:
July 26, 2014

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Resume:

Mike R. Blevins, CPA

Greensboro/Winston-Salem, NC

ace4f7@r.postjobfree.com / 336-***-****

www.linkedin.com/in/mikeblevins1/

Finance Manager • FP&A Manager • Treasurer • Financial Risk Manager

Senior-level accounting / finance professional with over 15 years of progressive experience in a large

corporate environment (BB&T-$181 billion multi-state financial institution), utilizing a detail-oriented,

analytical approach. Proactive leadership and contribution in multi-function departments and

performance of duties across a broad range of accounting / financial areas. Demonstrated effective

communication with all levels of staff and management. Commitment to team and personal growth and

development, with specific areas of expertise in:

• Financial planning and analysis for realization of strategic initiatives

• Managerial analysis and development of key metrics for strategic planning, process improvement, and

problem resolution

• Accounting systems and financial reporting

• Development of policies, standards and procedures, and implementation of financial controls

Targeting opportunity to leverage strengths which include though not limited to Financial Management,

Financial Planning & Analysis, Accounting Processes & Review, Treasury/Cash Management/Investments,

and Auditing/Compliance.

CORE COMPETENCIES

• • •

General Accounting (A/R, Financial Planning & SAP

A/P, Fixed Assets, GAAP/IFRS) Analysis

• Hyperion

• •

Real Estate Accounting Budgeting / Forecasting

• Cognos

Accuracy and Modeling

• Investment Accounting

• Hiperos / PlanOn

Treasury / Cash

• Accounting Review / Management / Investments

• Cimcon XL Audit tool

Auditing / Financial Controls

• Vendor Management &

• MS Excel proficiency

Management & Financial Compliance

Reporting

• M&A

PROFESSIONAL EXPERIENCE

Accounting Manager / Vendor Financial Risk Manager

BB&T Corporation, Winston-Salem, NC Jan. 2013 - present

• Directs team in performing vendor financial due diligence, including both quantitative and qualitative analysis, and

communication of results to Executive Resource Allocation Committee. Team performs approximately 750 Vendor Financial

Risk Assessments annually, which is a key component of the vendor sourcing and selection process.

• Manages the financial analysis process, accounting for roughly 500 separate analyses annually (including

pricing analysis, benefits validation analysis, client profile and spend analysis, and market intelligence studies).

• Acts as principal financial and accounting officer for Enterprise Spend Management division, responsible for month-end

close, expense accruals, and accounting policy issues.

Key Achievements:

• Financial Planning & Analysis: Improved planning and forecasting process for division, working with cross-functional

groups to redesign and streamline the cost center structure. Results: Received rating of “Significantly Exceeds

Expectation” on the planning and forecasting objective in most recent performance review, which created efficiencies

in the planning and forecasting process.

• Model Risk Management - Validation: Directed team of Senior Analysts through the process of identifying, designing, and

implementing needed enhancements, as well as development of detailed documentation in order to comply with regulatory

standards. Results: Received the highest compliance rating from the BB&T model risk management department.

• Enhanced Vendor Mitigation Process: Formal guidelines were needed in the mitigation process for vendors that have been

rated as “High Risk” or “Elevated Concern” based on financial risk assessment. Developed written guidelines to be used by

lines of businesses in the risk mitigation process for their vendor relationships. Results: Guidelines have been formally

adopted for use by all lines of businesses that manage vendor relationships.

Accounting Manager – Real Estate Division

BB&T Corporation, Winston-Salem, NC 2010-2012

• Provided guidance and leadership on Generally Accepted Accounting Principles (GAAP) in support of bank owned and

leased real estate portfolio (2,354 facilities), including subject matter expert guidance on acquisitions and disposals,

construction-in-process, lease accounting, expense accruals, and month-end close process.

• Accurate and timely reporting of SEC regulatory documentation related to capital leases and lease obligations, including

coordination of Sarbanes Oxley (SOX) reporting. Formulated and implemented accounting internal controls.

• Provided key guidance on mergers and acquisition of branches and corporate facilities, and acquisition and disposal of

corporate aircraft.

• Planning and forecasting $692 million annual occupancy expense budget.

Key Achievements:

• Accounting Policies and Procedures development: Implemented accounting processes and controls on the monthly close

process, including leases (Capital and Operating), accounting for properties in disposal status, and accounting adjustments for

market distressed properties. Results: Effective controls, efficient processes, and satisfactory internal audit of real

estate accounting processes and controls.

• Regulatory Compliance: Developed processes to ensure compliance with Regulation W, establishing rules on transactions

between banks and affiliates. Results: Leasing transactions between bank and affiliates are market based, and written

documentation reflects consistency of process to meet regulatory compliance.

Division Controller – Financial Services

BB&T Corporation, Winston-Salem, NC 2006-2010

• Performed Chief Accounting role for lines of businesses including Investment Services-Brokerage, Insurance Services,

International, Asset Management, Institutional Trust, and Wealth Management.

• Provided key accounting support and acted as liaison between Financial Services lines-of-businesses and external auditors on

subsidiary audits, including issues on SEC and FINRA regulatory reporting.

• Designed and implemented management reporting, planning and forecasting process for division and multiple lines-of-

businesses.

Key Achievement:

• Improved Management Reporting / Financial Planning & Analysis: Recognized the need to improve the management

reporting process to better measure variance in operating budgets for multiple lines of businesses. Utilizing the reporting tool

Cognos (later converted to Hyperion), consistent reporting was developed through an automated data capture. Results: The

monthly reporting was actionable from a management perspective. Division CFO had better information to manage

operating performance of multiple lines of businesses.

Treasury-Wholesale Funding Manager; Deposit Support Sales Manager

BB&T Corporation, Winston-Salem, NC 1999-2006

• Managed $15 billion wholesale funding position, including Fed Funds, Eurodollar deposits, Repurchase agreements,

Bank notes, Commercial paper, Institutional CDs, and Federal Home Loan Bank advances.

• Provided key input for the Asset Liability Committee (ALCO) process. Interest rate risk and liquidity risk

management, including exposure to VAR stress testing, modeling and simulation. M&A responsibilities on funding.

• Developed deposit reporting and tracking system designed to aid banking network in deposit growth initiatives.

Key Achievement:

• Debt restructure: Developed a strategy to restructure $3 billion in debt following assessment of interest rate environment

and outlook. Organized cross-functional disciplines (Accounting, Treasury, Tax, Legal, and Compliance) to prepare final

proposal to Executive Management. Results: The strategy was approved by Executive Management and subsequently

executed, better positioning the company from both an interest rate risk and profitability standpoint.

ADDITIONAL PROFESSIONAL EXPERIENCE

Chief Investment Officer & Assistant Treasurer; Banking Officer, Discount Brokerage Manager; and Financial Analyst

Mainstreet Financial Corporation, Martinsville, VA ($2.2 billion multi-bank holding company - merged with BB&T

Corporation)

EDUCATION, CERTIFICATION and OTHER

Education Other

Master of Business Administration - Averett University past adjunct faculty member for accounting and finance

Averett University - Boy Scouts of America Troop Committee (advisor for son on his Eagle project)

- Church diaconate, treasurer, executive committee, board member

Bachelor of Business Administration - Former United Way Treasurer and Board member

James Madison University - United Way Leadership Circle – current

Certification

Certified Public Accountant



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