Management Vice President

Bruce A. Cercone

**** ***** ***

Mount Joy, Pennsylvania 17552

Cell 516-***-****, Home 717-***-****

**.*******@*****.***

Professional Summary

● Dynamic Leadership Ability ● Extensive Experience in Finance

● Strong Interpersonal Skills ● Goal Oriented

● Builds Infrastructure for ROA / ROE ● Managed Profitable Inv Portfolio

● Outstanding Work Ethic ● Microsoft Office; Word, Excel, SAP

● Treasury Operations ● Power Point, Asset / Liability Software

● SEC Reporting ● Quickbooks

Education

• MBA St. John’s University – Controllership / Taxation

• BS St. John’s University – Economics and Finance

• Federal Reserve Institute – SEC Training for Report Submission

• Dale Carnegie Institute – Executive Training Program

Professional Experience

Alma Bank, Astoria, NY 2006 to December 2012

Executive Vice President - Chief Financial Officer

Directs all financial accounting, reporting, treasury, cash management, risk management

and insurance for this financial institution thru a staff of fifteen individuals.

• Implemented internal controls and procedures for Treasury and Accounting

functions to enhance ROE from 5.00% to 8.50%.

• Built investment portfolio as an earning asset for the institution to a level of

approximately $ 155 million within three years from implementation. This

resulted in major revenue stream to augment core franchise earnings.

• Generated over $ 3 million in net gains on comprehensive management of

investment portfolio in addition to maintaining necessary liquidity.

• Developed Policy & Procedures to manage Interest Rate Risk with formalized

reporting to Board of Directors and Senior Management.

• Manages the day-to-day financial operations of this $ 860 million financial

institution which currently includes eleven full service banking locations.

• Responsible for managing all start-up expenses of the institution during the Bank-

In Formation period; prior to the granting of the Charter in September 2007.

• Implementated a sophisticated Asset / Liability Model which is used for

forecasting and various rate shock analysis.

• Executed the organization’s Business Plan [four year period] as required by the

bank’s primary regulator; Federal Deposit Insurance Corporation. Bank has

consistently achieved corporate goals as outlined in plan.

• Member of the bank’s Executive Committee which has bank-wide authority to

manage and implement policy and processes as needed.

• Responsible for all aspects of corporate taxation as well as initiatives to reduce

tax liabilities thru various programs such as Low Income Housing Tax Credits

Community Capital Bank, Brooklyn, NY 2001 to 2006

Chief Financial Officer

Responsible for direction of all financial accounting and treasury functions.

• Restructured corporate and divisional finance departments to handle growing

needs of business while enhancing ROA from 0.40% to 0.75%.

• Managed the day-to-day financial operations of this $ 180 million financial

institution during a period in which assets grew from $ 50 million to $ 180 million

within four years.

• Initiated cash management, capital spending and budgeting policies resulting in

tighter controls of company assets and cost reduction.

• Directed completion of a successful Offering Circular to gain access to $ 5 million

of additional capital for future bank expansion during 2004.

Haven Bancorp, Westbury, NY 1988 to 2001

Vice President

Responsible for financial accounting functions

• Responsible for both internal and regulatory reporting

• Prepared both quarterly and annual SEC reports; 10Qs and 10Ks

• Implemented Cost Accounting structure for all branches and departments

Columbia Federal Savings Bank, Woodhaven, NY 1973 to 1988

Responsible for management of all General Ledger Functions

• Preparation of monthly management reports

• Oversight of all internal reconciliations

Contact this candidate