Manager Accounting

William T. Cox

Two Don Bush Road North Oaks, MN 55127 Cell: 612-***-****

E-mail: *********@*******.***

Financial Planning & Analysis Leader

Highly experienced and regarded finance executive with twenty-five plus

years of experience and accomplishments in large complex, dynamic

organizations across a broad spectrum of financial management activities.

Strong finance, accounting and project foundation built through nine years

in public accounting (Big Four) and sixteen years in industry (Fortune

companies). History of performance-based progression with increasing

responsibility, complexity, and strategic impact in multiple organizations.

Exceptional collaboration and team-building skills with both internal and

external customers. Exceptional leadership and accomplished strategist

with a strong accounting (CPA, inactive) foundation and extensive planning

and analysis experience.

Areas of Expertise

Advanced Strategic & Financial Planning Forecasting and Flash reporting

Executive Leadership and Supervision Financial Analysis and Key Messaging

Capital Planning and ROI and Spend Identifying and Achieving Cost

Analysis Reductions

Cost Benefit Analysis and Profit Executive and Management Reporting

Optimization

Accounting and Controllership Functions Complex Pro forma and ad hoc analysis

Corporate Function Allocations and Business Performance Mgmt. & Measurement

Reporting

Financial Management Best Practices Financial Data Governance and Management

Project Management and Reporting Financial Systems Implementations

GAAP and regulatory reporting Internal Controls and Process

Improvements

Career Progression

Ally Financial Services (formerly GMAC Financial Services)

April 1999 to February 2011

Large bank holding company representing largest auto lender and fifth

largest mortgage lender in the United

States with Global operations and $172 billion of assets globally

. Managing Director, Financial Planning & Analysis - Global Mortgage

Operations/ResCap, LLC (November 2005 - February 2011)

. Senior Financial Officer - Corporate (March 2003 - October 2005)

. Senior Director, Financial Planning & Analysis for GMAC-RFC (April

1999 to March 2003)

Accomplishments:

> Led the development and execution of all planning (strategic and annual

operating), forecasting and income flash reporting activities for GMAC's

Mortgage Business (includes GMAC Mortgage and ResCap, LLC)

> Directed and delivered critical financial analysis, executive reporting

and ad-hoc analysis to Ally Financial and GMAC Mortgage executives and

investors, regulators and other key constituents; included responsibility

for consolidated financial analysis for SEC filings, audit committees and

quarterly earnings and press releases

> Partnered with IT on continuously enhancing critical business

intelligence (BI) systems (multiple cubes) and related processes

resulting in significant improvement in availability of compelling and

accurate financial information through data marts and continued decrease

in required analysis resources

> Led critical projects during highly challenging years (2006 - 2010)

associated with the evaluation of strategic alternatives, implementation

of cost initiatives, liquidity forecasting, and pro-forma and ad-hoc

analysis that culminated with a multi-billion dollar investment and the

retention and re-capitalization of the business

> Provided planning, forecasting and accounting for Parent Company and

other legal entities as well as all financial and decision support for

all global functions (HR, CFO Office, IT, Marketing, Legal, Facilities,

Risk)

> Led the development and implementation of best practices for global

function groups including enhanced planning, forecasting, reporting and

more effective expense allocations; included comprehensive analysis and

benchmarking of peer and industry methodologies and resulted in

implementation of service level agreements and compelling buy/sell

discussions and dialogue

Ally Financial Services - Accomplishments (continued)

> Introduced first automated integrated enterprise-wide planning and

forecasting tool and best practices and processes including forecast

accuracy measurement reporting; culminated in significant improvement in

more effective, efficient and accurate forecasting

> Played a leadership role in the development and refinement of Enterprise-

level Vision, Operating Principles and Values and integration into

planning and forecasting processes

> Developed a mortgage business five-stage strategic planning process used

by all mortgage business units for 5 years; identified as enterprise-wide

strategic planning subject matter expert

> Led development and implementation of enterprise-wide finance frameworks

addressing reporting, month-end close, business performance scorecards

and planning and forecasting; project outcomes resulted in the effective

measurement, reporting and benchmarking of business unit performance

> Partnered with executive committee and global property management team on

evaluation of corporate campus alternatives; led all aspects of the

financial analysis and risks and opportunities and led to the selection

of a solution saving the company $50 million plus over a 13 year period

U.S. Bank, Minneapolis MN October 1994

to December 1999

Large super-regional financial services/bank holding company

. Senior Vice President and Assistant Corporate Controller

(September 1996 - December 1999)

. Vice President, Manager of Profitability Measurement and Reporting

Enhancements (December 1994 - September 1996)

Accomplishments:

> Responsible for all accounting, results analysis and financial

reporting activities for hundreds of bank and non-bank legal entities

through a team of over 100 professionals

> Managed the monthly and quarterly accounting close for hundreds of

legal entities while maintaining a four day close timeline

> Led the planning and execution of dozens of complex accounting

changes and new pronouncement implementations across dozens of

legal entities

> Led the completion of critical finance and accounting related

special projects including organization re-alignments, acquisition

analysis and integration, refinement of charts of accounts,

financial system enhancements, change management, etc. resulting in

dozens of high profile project successes including the

consolidation of dozens of legal banking entities into a few very

large regional banks

> Led the development and maintenance of all key financial systems

including the general ledger, accounts payable, Projects

application and fixed assets

> Successfully managed the acquisition integration of finance

functions in conjunction with a merger of equals that resulted in

elimination of 50% of the acquired finance staff at close of

transaction and 98% within 1 year

> Maintained the chart of accounts and standard and regulatory

financial reporting account hierarchies for hundreds of bank and

non-bank legal entities

> Managed the accounting and finance functions for the broker dealer

legal entity

> Led the implementation of corporate-wide business line and product

profitability enhancement project across U.S. Bank including all

phases from plan development to successful implementation

> Successfully developed relationships and collaborated with

associates and teams at all levels (staff to CEO) in a complex

matrix environment to achieve full implementation within 18 months

> Introduced a new multi-dimensional view of financial and

statistical data as opposed to former general ledger centric

environment

> Led implementation of activity based costing to support best

practices relative to cost allocations across legal entities and

business units

> Successfully led cross company project team and provided leadership

resulting in the establishment of standard data definitions and

governance for all key enterprise-wide business metrics

> Established and led data tiger teams to identify, isolate and

obtain critical data elements required to support reporting for all

levels of management and sourced from hundreds of distinct data

sources

> Led development and implementation of enterprise-wide data

repository for business line and product profitability data

providing a rich source of performance management, reporting and

forecasting data

Metropolitan Financial Corporation, Minneapolis MN

April 1993 to October 1994

Regional savings and loan/thrift); Company was acquired by U.S. Bank in

January 2005 and I was requested (only executive retained) to join U.S.

Bank early to lead a mission critical U.S Bank initiative

. Senior Vice President, Controller and Chief Accounting Officer

Accomplishments:

> Successfully led the accounting, financial reporting, financial

systems development, financial analysis and performance measurement

activities

> Staff of 65 associates in multiple locations

> Managing reporting for 100+ legal entities and 200 retail branches

in 9 states

> Accountable for SEC filings, key regulatory filings and executive

financial reporting

> Developed and implemented a successful branch performance

(profitability, costs and metrics) measurement and management system

resulting in identification and shut-down or sale of non-strategic

branches and investment in high potential branches

> Led acquisition integration of all finance and accounting activities

for three successful bank acquisitions in Nebraska, Kansas and

Wyoming, respectively, resulting in increases in assets managed,

transition to GAAP best practices for acquired companies and

significant cost reductions

> Worked directly with CEO/Chairman on key strategic acquisition

initiatives including pro forma and forward looking forecasts

resulting in one successful acquisition; also made CEO aware of

financial issues associated with two potential targets

Ernst & Young (E&Y), Minneapolis, MN

August 1984 to April 1993

International public accounting and consulting firm

. Senior Audit Manager (June 1989 - April 1993)

. Audit Staff through Audit Manager (August 1984 - June 1989)

Accomplishments:

> Led auditing and accounting consultation services for dozens of clients

including several Fortune 500 Companies; focus was on large complex

organizations

> As the lead senior manager on U.S. Bank, worked directly with the CFO and

Controller and lead E&Y partner on coordination of all audit services to

client; led the completion of complex engagements managing teams of 5 to

20 professionals

> Initiated business development activities resulting in addition of two

new financial institution clients

> Played critical role in winning and executing engagement to perform all

internal audit work and reporting for U.S. Bank resulting in significant

reduction in costs to client

> Nominated to be key speaker on Bank regulations in conjunction with E&Y

and FDIC regulatory initiative; 8 hour seminars around U.S. resulting in

average rating of 4.7/5.0

Education & Licensure

Executive Development Program (through GMAC)

May 2002

University of Minnesota - Carlson School of Management

Selected by CEO, CFO and COO to first group of leaders to participate in

a

year-long executive development program led by the Carlson School and

GMAC

Senior Executives; culminated in presentation to Executive BOD on Global

Business

Bachelor of Science in Accounting (graduated with honors)

May 1984

Concentrations in Finance, Economics, Math and Physics

University of Minnesota - Duluth

Certified Public Accountant - Passed CPA exam on first attempt (inactive

status) Fall 1984

Contact this candidate