Risk Management, Treasury Operations, Capital and Investment Managemen
Resume:
Matthew J. Beattie
Downingtown, Pennsylvania 19335
302-***-**** ad5rvu@r.postjobfree.com
CAREER OBJECTIVE: A highly motivated Treasury, Investment Management, and Risk leader, with diversified 20+ years of progressive responsibility, known for commitment to achieving high level of leadership and strategically focused, goal and detail-oriented team player, using ethical work standards, as well as building and motivating teams through strong organizational, analytical, and interpersonal skills.
EMPLOYMENT EXPERIENCE:
Director, Treasury and Risk Management
AAA Club Alliance
Wilmington, Delaware 2018-Present
Report directly to CFO and responsible and accountable for Treasury/cash management, investment activities, Enterprise Risk Management, Corporate Insurance, and investment income functions.
Direct and supervise the Treasury Operations desk, hedging activities, foreign currency decisions, manage all relationships, contracts, and negotiations with commercial banks, credit card processors, investment managers and custodians, and lending facilities.
Oversee external fund managers and custodians on management of $600M-$1B investments and directly responsible for budget line-item accountability for net investment income, general bank and merchant fees, corporate insurance program, and commercial card payables income.
Designed short term and long term cash flow forecasting models, financial projections including pre and post tax pro formas, and ensured financial performance in accordance with lending covenants.
Responsible as Treasury project head for numerous improvement initiatives including enhancing Cashiers and Accounting efficiency by optimizing strategy of using bank data integrations, lockbox collections, growing B2B and B2C payment technologies, virtual terminal payment acceptance, armored courier, commercial card, ensure compliance with debt obligations, and managed the commercial purchasing card program.
Spearheaded transition and integration of new OCIO’s that resulted in achieving investment strategy objectives and multiple sensitive P&L metrics.
Promoted to Head of Treasury to lead $500M revenue AAA Mid-Atlantic into $1.2B revenue AAA Club Alliance through transformative mergers and growth and expanded Treasury responsibility to covering 15+ subsidiaries, 200+ branches, across a footprint expanded significantly westward from Mid-Atlantic centric, to Midwest, and into Great Plains regions.
Continuous process improvement mindset to reduce bank fees and increase earnings credits by enhancing digital payment flow, maximizing cash flow, and partnering with both business lines and banks to drive process efficiency.
Lead Treasury and investment role in managing asset/liability structure of Organization’s ~$250M pension plans and ensuring appropriate portfolio construction and interest rate risk positioning.
Selected to singularly represent Organization on highly visible Teams/ Workgroups comprised of 4 largest AAA Clubs across U.S. and key leader designing strategy, purpose, and execution of optimizing buying group and its negotiation on significant purchase programs of ~$4B for merchant credit card processor and commercial payables provider.
Natural communicator, team leader, and strong people manager with ability to foster team building to promote Organizational success. Successfully lead and manage 6 team members, including 2 direct reports in Management.
Accountable for Enterprise Risk Management (ERM) and Corporate Insurance, including brokers and carriers. Taken lead ERM role, including partnering with Officers, in assessing risks and opportunities to drive better business outcomes through lower net risk exposure while partnering with business lines.
Finance & Investment Committee: presented to BoD’s Finance & Investment Committee regarding capital management recommendations and throughout the Outsourced Chief Investment Officer (OCIO) RFP.
Manager, Treasury Operations & Investments
AAA Club Alliance
Wilmington, Delaware 2011-2017
Oversaw the Treasury Operations desk, processed wires/ACH’s, managed all relationships with bank, credit card processors, and investment managers and custodians.
Ensured debt compliance and managed the commercial purchasing card program.
Successfully lead and directed 15 members of Treasury Operations team and all Cash Management, Accounts Payable, and Cashiering functions for $1 billion of total corporate cash flow.
Performed investment analysis and reporting to CFO and Board of Director’s Finance Committee for $400 million investment and pension portfolios.
Ensured cash liquidity requirements supported growing operations while enhancing cash flow process of the Organization.
Responsible for implementation of Workday financial and Human Capital Management system and strategic planning of all Treasury functions.
Spearheaded restructuring of 11-member Accounts Payable Department that significantly improved operating efficiency, internal control, adherence to corporate policy, while also implementing all-new automated workflow systems and developed new customized career path with A/P for associate growth and development.
Evaluated and reduced corporate credit risk by $11 million through ensuring credit limits were aligned with business need and communicated successfully with business lines on necessary financial risk rationale.
Managed, analyzed and set all of the Organization’s cash on a daily basis, debt, and liquidity.
Prepared and monitored departmental budgets for Organization and its subsidiaries for Treasury and Accounts Payable.
Developed Organization’s new solution for cash flow forecasting model.
Provided analytical Investment support to CFO, internal VP of Investments and VP of Equity Investments.
Investment Research Analyst, Investment Department
AAA Mid-Atlantic
Wilmington, Delaware 2005-2011
Successfully managed a team of up to six associates each month responsible for producing Board of Directors financial materials that Senior Management and Finance Committee relied upon during decision-making process.
Served as primary resource for both custodian bank and equity broker relationships.
Responsible for reducing trade execution expenses by 20% which resulted in reducred expenses and further benefited equity investment performance.
Improved financial reporting functions and annual investment cash flow forecast while also managing entire department budget process.
Efficiently analyzed company cash flows to determine the investment recommendation that was most aligned to operating results.
Acted as primary liaison for departmental dealings with both external and internal auditors as well as Sarbanes-Oxley evaluation.
Investment Accountant, Controller Department
AAA Mid-Atlantic
Philadelphia, Pennsylvania 2003-2005
Ensured the accuracy of the reporting of financial information pertaining to the annual Audited Financial Statements for the Organization and other the audit report for the three retirement plans.
Analyzed financial information and made appropriate inquiries of operations to obtain a broad understanding of the nature of the financial activity.
PROFESSIONAL DEVELOPMENT / EDUCATION / SYSTEMS EXPERIENCE:
Certified Treasury Professional (CTP) Certification # 372489 Issued 2013, inactive
Accredited Payables Manager (APM) 2013-2015
Graduate, Dale Carnegie Training 2013
Member, Association of Financial Professionals (AFP) 2013-2021
Member, Institute of Finance & Management (IOFM) 2013-2015
Drexel University, Philadelphia, Pennsylvania BS in BA: Finance and Marketing (dual-major)
Workday, Bloomberg, PNC Pinacle, Microsoft Sharepoint & Office, J.D. Edwards, Security APL, Fortis, SunGard, and multiple other commercial bank/investment portals including Wells Fargo, JP Morgan Chase, Bank of America, Fifth Third Bank and Bank of Oklahoma.
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