Sales Vice President
Resume:
Dennis Morgan
** ***** ***** **** ~ Blairstown, New Jersey 07825
*********@*****.***
FINANCE MANAGEMENT OFFICER
Senior Finance Leader Assistant Vice President, Secondary Market Analyst
Assistant Vice President, Finance
Results-driven finance management officer offering experience in
building, leading, and advising organizations through development and
implementation of strategic plans to ensure company growth. Well
disciplined with proven ability to manage multiple assignments efficiently
under pressure while meeting tight deadline schedules; knowledgeable of
Sarbanes-Oxley and Dodd-Frank requirements. Excellent leader with a track
record of documented contributions leading to improved financial
performance, heightened productivity, and enhanced internal controls.
Possess advanced level of experience with Microsoft Office suite of Word,
Excel, Access, and PowerPoint. Knowledgeable of Oracle business analytics
solutions.
Professional Experience
First Choice Loan Services - Morganville, NJ
(2012-2013)
2.5 billion dollar mortgage subsidiary offering conventional and FHA
mortgage loans
Senior Accountant/Business Solutions Specialist (2012-2013)
Accountable for various reconciliations including, but not limited to,
associate payroll, mortgage insurance premiums, mortgage escrow receivables
and payables for a 2.5 billion dollar portfolio. Developed interface
programs to extract data for financial metrics associated with loan
production offices across the United States. The development of financial
modeling analysis identified multiple new loan originations prospects
within Fannie Mae/Freddie Mac program guidelines that showed marked net
income improvements.
Achievements:
- Utilized various software applications to extract and develop financial
metrics for 25 loan production offices across the United States that
provided analysis on revenue recognition and the outflow of expenses.
- First quarter 2013 net income increased 12.5% over 2012 net income for
the same period from the metrics developed.
- Updated earnings, gross and net revenue, for mortgages sold to the
investor base at large for monthly profit and loss statements distributed
to loan production office managers and corporate management.
- Developed policy and procedure documents for accounting department within
the corporate branch location.
First Hope Mortgages, Inc (wholly owned subsidiary of First Hope Bank) -
Columbia, NJ (2010-2012)
Mortgage subsidiary offering conventional and FHA mortgage loans
Senior Finance Leader (2011-2012)
Directed the secondary market finance operation of mortgage subsidiary
encompassing business operations, financial planning and analysis, sales
reporting, real estate business systems, within a 60 associate region.
Defined and modified branch margins for increased profitability on a
quarterly basis. Responsible for the executive summary of monthly,
quarterly, and annual performance report for parent company financial
statements.
Achievements:
- Increased revenue recognition 40% in Hope loan production office up 30%
from 2011via development of best effort execution financial road map.
Hope loan production office contributed 2x weight of growth in 2012.
- Double-digit revenue growth in gain on sale of best effort execution of
sold mortgages from the Hope loan production office.
- Developed sales initiative effectiveness by implementing new investor
base and adjusting compensation schedules for top performance results.
- Spearheaded the development of robust budgeting across branch level base
and consolidated data into a global budget for corporate office, adhoc
financial reporting to individual stakeholders and corporate personnel,
and performance analytics to provide concise actual versus budget
reporting metrics to Board of Directors.
Dennis Morgan
29 Union Brick Road ~ Blairstown, New Jersey 07825
*********@*****.***
Professional Experience (continued)
First Hope Mortgages, Inc (wholly owned subsidiary of First Hope Bank) -
Columbia, NJ (2010-2012)
Mortgage subsidiary offering conventional and FHA mortgage loans
Capital Markets Analyst/Assistant Vice President (2010-2011)
Overall responsibility of mortgage subsidiary lock desk operations using
LoanDecisions operating software, best effort execution planning, loan
product pricing, post mortgage funding reconciliation, adhoc financial
reporting metrics to investor base and corporate management, and investor
due diligence reporting.
Achievements:
- Utilized general ledger core operating system, Jack Henry Synergy and
Silverlake, to develop financial modeling for loan production offices to
measure actual versus gross revenues and all operating/salary expense
- Compiled best effort pricing and mandatory trade execution analysis,
pooled collateralized loan obligations into profitable mandatory trades.
- Oversaw technology integration of Encompass and LoanDecisions operating
software that improved best effort lock turn times by 30%.
First Hope Bank - Hope, NJ
(2003-2010)
$450M asset size community bank
Financial Analyst/Assistant Vice President (2003-2010)
Accountable for asset/liability reporting, organizational budget, prepared
monthly financial reporting, investment bond portfolio total return
analysis, general ledger reconciliations, and various treasury functions
for Chief Financial Officer.
Achievements:
- Provided cost savings to Finance department budget of $50,000 annually by
reconfiguring the bank's asset/liability reporting software to the core
operating system for financial reporting.
- Created a historical reconciliation of bank's daily operating cash
position to identify peak cash outflows to operating branch locations.
- Improved the actual versus budget reporting from the asset/liability
module by automating the output into a management summary report.
- Developed quarterly look back summaries for bond portfolio purchases and
measured income performance for review to execute the sale or purchase of
bank qualified investment bonds.
- Implemented the return on human capital report and employee total
compensation reports for Chief Administrative Officer.
LexisNexis - New Providence, NJ
(1997-2003)
Global provider of computer- assisted legal research documents
Financial Analyst (1997-2003)
Prepared and developed unit segment budget, and marketing/finance analysis
with different legal business units. Managed accounts receivable, payable,
inventory, and cash management.
Achievements:
- Developed cost accounting analysis for Chief Financial Officer detailing
depreciation cost of electronic commerce infrastructure.
- Detailed revenue from internet sales and capacity forecast analysis of
newly acquired business units.
- Consolidated monthly close reports, including financial statement
preparation, and merchant account settlements.
Dennis Morgan
29 Union Brick Road ~ Blairstown, New Jersey 07825
*********@*****.***
Education / Training
Bachelor of Science, Finance - California Polytechnic University, 1990
Certificate, Microsoft Office Professional Suite - Access, Excel, and Word
- Computer Learning Centers (1997-1999)
Continuing Education Credits:
Oracle Business Intelligence, First Hope Mortgages (2010-2012)
Cognos Viewpoint, Microsoft Project and Visio, First Hope Bank (2005-2011)
Profitstars Asset/Liability Modeling, First Hope Bank (2004-2010)
Webtrends Enterprise Suite and Log Analyzer, LexisNexis (2003)
Business Objects Uses and Modeling, LexisNexis/Matthew Bender (2001-2002)
Project Management Tools and Development, CBT (1991-1994)
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