Manager Management
Resume:
PHILIP R. LEIBER, CPA, CTP
Seattle, WA 98116
EXPERIENCE Seattle city light
Seattle, WA
*/****-******* ***** ********* Officer
Responsible for Finance, Accounting, Information Technology,
Risk Management, Strategic Planning and Corporate Performance
at the 9th largest publically owned electric utility in the
US, overseeing staff of 200.
. Led two bond offerings of >$1 billion for new money & to
refinance existing debt saving $67 million.
. Led annual budgeting process for utility with $1.1B annual
budget, demonstrated fiscal discipline and secured rate
increases for 2010-2012 (first increases in 8 years).
. Stabilized utility finances through short-term measures and
longer-term structural changes:
o Reduced spending by $94 million in 2009 and $89
million during 2010 to offset revenue shortfalls.
o Developed and implemented $100 million rate
stabilization fund to address revenue volatility from
surplus power sales.
o Reduced staffing by ~5% through efficiencies,
including streamlined accounting process for energy
transactions, enhanced financial planning model and
other process improvements.
. As Chair of Risk Oversight Council, improved energy risk
management practices to permit use of put/call options, and
implemented energy trading & risk management system.
. Led strategic planning process (to be completed in 2012)
for six-year strategic plan, and aligned with rates &
budget process.
9/1997-4/2009 California Independent System Operator
Folsom, CA
Chief Financial Officer and Treasurer (2008-2009)
Responsible for treasury (as described below) and accounting
functions overseeing a staff of 18 including:
. General accounting, financial reporting in accordance with
GASB (governmental) accounting standards and FERC standards
(for regulatory reporting and rates), and tax matters.
. Accounts payable/receivable and cash settlement of energy
market obligations of $3 billion annually.
. Internal accounting controls and coordination process
controls for SAS70 report (on controls as service
organization for use by customers and their auditors).
Treasurer and Director of Financial Planning (1997-2008)
Responsibilities and accomplishments include:
. Treasury functions including cash management, investments,
bond financing program, creditor/rating agency relations.
- Managed fixed income portfolio of approximately $250
million of corporate funds and served on Pension Benefit
Committee for $100 million employee defined contribution
program.
- Led five bond financings (variable & fixed rate debt) for
over $1 billion in proceeds from 1998-2008.
- Communicated with rating agencies to obtain initial A+/A2
(S&P/Moody's) corporate credit rating and led effort to
restore ratings from sub-investment grade level (D/B) as
a result of 2000-01 energy crisis back to investment
grade (A/A2).
. Led credit management function including development of
credit requirements for complex energy market products such
as congestion revenue rights and convergence bidding.
- Developed credit policy through benchmarking, development
of alternatives, stakeholder review, Board approval, FERC
filing, implementation, and subsequent enhancements.
- Designed credit management system integrated with market
clearing & settlements.
1. Financial planning and analysis, including operating and
capital budgets, rates, financial forecasts and models, and
capital project review.
- Managed the development, review and publication of annual
budgets, including integration with the long-term
strategic planning process.
- Designed and implemented web-based budgeting tool for use
in annual planning process.
- Benchmarked company costs and operations against peers to
identify tens of millions of cost saving opportunities
and overall operating improvements.
- Developed rates for recovery of company costs, including
rate design, regulatory and cost of service filings, and
monitoring revenues. Managed rate cases through
litigation and settlement.
- Developed financial plans including transmission rate
proposals, a shared services organization, and a $150
million headquarters facility project.
- Developed capital budgeting process for ~$40 million of
expenditures annually.
. Insurance / risk management program.
- Managed insurance program with ten policies and annual
costs of ~$2 million.
- Initiated participation in group-captive insurer to save
> $1 million in worker's compensation costs.
- Led development of corporate risk inventory for
enterprise risk management program.
. Other
- Board Finance/Audit Committee liaison, including setting
agenda, reports and presentations.
- Developed and promoted staff in an environment that
stresses continuous learning and excellence.
- Served on Board of Directors of Affinity Insurance Ltd.,
a $200 million group-captive insurance
company. Member of Finance Committee.
- Previous Titles from 1997-2000 included: Manager of
Financial Planning, Director of Financing Planning
9/1992- 9/1997 PRICEWATERHOUSE COOPERS (then COOPERS & LYBRAND) San
Francisco, CA
Manager, Financial Advisory Services
2. Performed audits of telecommunication, financial, and high
technology companies, including
SEC reporting clients.
3. Led engagements for due diligence on mergers & acquisitions
in a variety of industries
4. Identified, targeted, analyzed, negotiated strategic
acquisitions and divestitures.
5. Led and performed litigation services engagements
(intellectual property disputes, shareholder
lawsuits, general commercial litigation) and valuations.
6. International experience in Kuwait as a war claims damage
adjuster during 1993-1994.
7. Progression of positions included: Associate, Senior
Associate and Manager.
Part-Time/ Summer Internships
1993-1997 BECKER/Convisor CPA Review, Instructor San
Francisco, CA
8. Taught accounting and auditing for a CPA exam preparatory
course.
1989-1992 UNIVERSITY OF MICHIGAN Ann
Arbor, MI
9. Taught cost and financial accounting courses as Adjunct
Lecturer, receiving commendation
from Dean for superior performance. Database
administrator for Office of Tax Policy Research.
1991 INTEL CORPORATION, Internal Auditor
Santa Clara, CA
10. Summer Internship, performed internal and operational audits
on a variety of company programs.
1990 ERNST & YOUNG, Audit Associate Toledo,
OH
11. Internship, performed financial audits for various clients
(manufacturing, financial).
EDUCATION UNIVERSITY OF MICHIGAN Ann
Arbor, MI
1992 Master of Accounting and Bachelor of Business Administration
. MaCC Graduate with Distinction (top 25% of MBA class), GMAT
score in top 3% nationwide.
. BBA Graduate with High Distinction (top 10%)
2006 UNIVERSITY OF PHOENIX Sacramento,
CA
Master of Science in Computer Information Systems
. Achieved 4.0 grade point average through employer
(California ISO) sponsored program.
PROFESSIONAL ( C.P.A., State of California. Elijah Watt Sells award
winner (top 100 of 65,000 US candidates).
DESIGNATIONS ( Certified Treasury Professional (CTP) -One of 5 top
scoring candidates (year 2000).
. Certified Business Manager (CBM)
REFERENCES: Available upon request
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