Manager Management
Resume:
William E. Bibb
***** ***** ****** ****, #****
Houston, Texas 77058
OBJECTIVE
Treasury Manager, where demonstrated strengths in analysis, communication and organization will
increase efficiency and effectiveness of a Treasury group’s operation.
BACKGROUND SUMMARY
Extensive domestic and international experience with increasing management responsibility has
included:
• Overall Cash Management (domestic and • Counterparty credit analysis / credit line
international) recommendation
• Bank account analysis / reorganization
- Positive Pay
- EFT • Letter of Credit management
- Cash Positioning • Foreign exchange spot transactions
- Revolver borrow / repay • Working capital analysis
- Investment of excess cash • Corporate P-Card administration
- Cash Accounting • Knowledge of cash accounting
- Bank Account Reconciliations
• Investment analysis
• Cash Forecasting (short term and long
• Creating and maintaining banking
term)
relationships
• Comprehension of a variety of debt
• Create and implement policies / procedure
instruments
• Financial statement analysis
• Debt covenant calculation and reporting
• Intercompany management
• Budgeting
• Presentations to Senior Management
• Variance Analysis (budget and forecast)
PROFESSIONAL ACCOMPLISHMENTS
• Identified and evaluated 290 legacy accounts held in approximately 15 banks worldwide by
working with individual field managers and the corporate Tax Department. This involved
creating an account matrix and determining which accounts could be closed or consolidated with
others. By year-end, the number of open accounts was reduced to less than 100, the majority
within only 2 banks, and worldwide Treasury operations were centralized to the Houston office.
Assessing and managing cash efficiency increased by approximately 50%, and the company
saved over $75,000 annually in unnecessary bank fees. This fee reduction included not only
monthly analysis fees but also reflects an effort in reducing the number of manual wires and
converting the majority of domestic check and wire payments to ACH.
• Participated in the installation of a treasury workstation (Sungard Integrity), with software
linking into our banking portals and ERP. This allowed automatic cash entries, reconciliation,
and immediate access to bring up general ledger entries (as opposed to all cash entries being
booked at month end by Accounting group). By eliminating manual entries, efficiency increased
by approximately 30 % for our accountants and the accounts receivable department. In addition,
it provided a single location to view our global cash balance and initiate EFT transactions also
increasing efficiency for our Treasury group.
• Established Treasury operations for Seahawk Drilling, a spin off drilling company. This
involved (among other things) setting up our banking structure including opening new accounts,
working with Tax Department to create effective cash pooling, implementation and access to
online banking portals, create banking resolutions. Create / implement SOX compliancy
procedures and policies, collaborating with Payroll, AP and Accounting in order to efficiently
and effectively initiate payments and book entries, and development investment opportunities.
This resulted in the Treasury operations rollout within a 30-day period.
EMPLOYMENT EXPERIENCE
Cash and Credit Manager, Petrologistics LP, Houston, TX. Responsible for cash and debt
management, debt covenant calculations and reporting, cash forecasting, counterparty credit analysis
and creating / implementing policies and procedures. (June 2010 – Nov. 2012)
Treasury Manager, Seahawk Drilling Inc., Houston, TX. Responsible for cash and debt management,
FX spot transactions, debt covenant calculations and reporting, creating and implementing policies
and procedures, letter of credit management, counterparty credit analysis and cash forecasting. (Apr.
2009 – June 2010)
Senior Treasury Analyst / Financial Analyst – External Reporting, Pride International Inc., Houston,
TX. Cash and debt management, FX spot transactions, debt covenant calculations and reporting,
letter of credit management, cash forecasting and counterparty credit analysis. (Aug. 2004 – Apr.
2009)
EDUCATIONAL BACKGROUND
B.S., Finance, University of Houston – Clear Lake, Houston, TX.
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