Manager Sales
Resume:
Richard E. Magnuson Home Phone: 712-***-****
*** ********** **. *-****: **********@*****.***
Sioux City, Iowa 51104-1133
[pic]
Education
. Attended Stephen Covey 8 week course - "The Seven Habits of Highly
Effective People"
. Western Iowa Tech Community College, Spanish, 1999-2000
. Attended RMA Loan Review Round Table, December 1991
. Attended several compliance seminars, insurance and marketing
seminars, sponsored by ABA, IBA and Banker's Systems from 1988-1999
. Attended several Freddie Mac and Fannie Mae Seminars including
underwriting, servicing, and sales from 1988-1999
. Holder of Personal Lines Insurance License, State of Iowa, April 1988
. Attended various Loan Documentation and UCC Seminars, Real Estate
Finance Seminars (Secondary Market Loans), and Reg Z and Reg B
Seminars sponsored by IBA
. Completed RMA Omega 10 week course on Commercial Loans to Business,
December 1986
. Holder of Life, Credit Life, Accident and Health Insurance License,
State of Iowa, December 1985
. Course 101, Society of Real Estate Appraisers, Purdue University,
Lafayette, Indiana. Passed. February 1979
. Savings and Loan Institute of Financial Education, Omaha-Council
Bluffs Chapter #10, received 33 credits, August 1978 - August 1979
. BS in Business Management from Wayne State College, Wayne, Nebraska,
GPA 3.01
. Wakefield Community High School, Wakefield, Nebraska, May 1972
Work Experience
Monyman Enterprises, Inc., Sioux City, Iowa
President/Owner
March 2001 to Present
Duties include total management and ownership of a certified
government contractor specializing in military hardware. Responsible
for procurement of all contracts, all spec underwriting, procurement
of parts, and collection of receivables. Fully familiar with WAWF
(Wide Area Work Flow), CCR (Central Contractor Registry), DD250
(invoicing), RFID (Radio Frequency ID Tags), and DIBBS (Defense Bid
Board System). Able to work through the documentation required to
submit contracts and invoicing through DLA (Defense Logistics Agency)
and the Department of Defense. Responsible for all accounting and tax
issues as well as keeping a full set of Quick Books including P & L
and balance sheet entries.
Plymouth Oil Company, LLC, Merrill, Iowa
Chief Executive Officer/Chief Financial Officer
March 2010 to present
Duties included bringing a solvent oilseed extraction plant on line
and processing up to 200 ton of corn germ per day production level.
This particular plant extracts food grade corn oil from fractionated
dry corn germ. Charged with raising funds for startup and for
maintaining shareholder value. Responsible for originating all
financial information including budget projections, daily accounting
results, prepared monthly profit and loss/balance sheet numbers,
completed all financial modeling as well as originating and updating
the business plan, and managed and communicated results to potential
shareholders and investors. Engaged in monitoring all accounts
receivable and managed the accounts payable function. Kept operating
expenses (crush margin) below that of other solvent oilseed
extraction plants even though the plant was in the startup phase.
Worked in the shipping and receiving areas of the plant on a frequent
basis and handled the logistics function as well. Fully familiar
with the procurement of raw materials as well as the inventory of
same. Was in control of the marketing functions of the feed mill and
the negotiation of product sales of oil and meal production.
Responsibilites also included the oversight of the plant production
schedules and all plant personnel.
Big Deal Auto, Sioux City, Iowa
Finance Manager
June 2009 to March 2010
Duties include handling all financing for dealer paper contracts and
all the documentation associated with fulfilling the banks'
requirements on meeting their underwriting guidelines. Work the sales
floor as well and handle all documentation for all sales including
title work for vehicles sold in five different States. Responsible
for pursuing bank financing for buy/here pay/here dealer paper.
Negotiate all financing arrangements for the servicing and selling of
dealer paper contracts to financial institutions. Responsible for all
collections in connection with the performance of dealer paper
contract payments.
American Bank, NA, Le Mars, Iowa
President/Trust Officer
December 1996 to June 2009
Duties include total management of all bank functions. Responsible
for all marketing goals, growth opportunities, profitability, asset
quality, supervision of all department heads, strategic planning and
budgeting. Was responsible for all accounting functions, audit work
papers, and tax issues in regards to the bank's budget and earnings.
Charged with moving the bank charter and growing bank in a new market
area. As of
December 1996, bank assets were $42 million, 70% deposit ratio, with a
.50% ROA and 8% ROE. The bank had $220 million in assets, earning 1.5%
ROA, 16% ROE, and 109% loan to deposit ratio upon my departure. Member
of Board of Directors, Loan Committee, Marketing Committee, Asset
Liability Committee, Compliance Committee and Trust Committee. At
Bank Holding Company Level - Executive Loan Committee Member.
American State Bank, Sioux Center, Iowa
Executive Vice President/Compliance Officer
February 1987 - December 1996
Duties included establishing and managing the Loan Review Department
to monitor all loan documentation, credit quality, loan losses, and
all legal compliance with consumer protection laws (i.e.: Reg Z, Reg
B, CRA, Reg CC, etc). Supervised all lending functions and branch
operations in a $225 million bank. Responsible for keeping abreast of
all new loan procedures and forms and insuring that proper guidance is
given on implementing loan policy. Provide support, analysis, and
counsel on all complex loan arrangements, including working directly
with problem and work out loans. Fully responsible for maintaining
Watch List, Loan Loss Reserve, reducing classified assets and
delinquency and assigning risk ratings on all loans. Work on special
projects as assigned by President, including new product development,
insurance department problems and products, overhead and cost benefit
analysis, bank acquisitions, and investments. Audited all general
ledger accounts for accuracy and was responsible for all taxable
issues in regard to the bank's earnings. Implemented first
computerized Watch List, cash flow and RMA trend sheet. Automated all
loan documents on a Microsoft Windows Network Lazer System. Handled
all computer network administration for the bank. Established
procedures for all conforming real estate and consumer loans to be
sold on secondary market. Managed holding company insurance agency as
well as the bank in President's absence. Trained all personnel
assigned to the Loan Department. Member of Board of Directors,
Marketing Committee, Head of Loan Committee and Compliance Committee,
and Member of Asset Liability Committee.
Community National Bank & Trust Co., (Brenton Banks, Inc.), Knoxville,
Iowa
Vice President/Ag & Commercial Loans
November 1984 - February 1987
Duties include taking loan applications and underwriting them through
spreadsheet analysis, responsible for all business development,
handled problem credits on a work out basis, fully familiar with
bankruptcy laws, liquidation procedures, debt restructuring, FmHA
programs, established ALP status w/FmHA, completed farm field
appraisals, lien searches, and title reports, fully familiar with SBA
procedures, business inventory analysis, changes in financial
position, accounts receivable, and profit and loss information.
Served as compliance officer of the bank and had varied duties with
installment credit, disbursements and collections thereof. Was
responsible for originating, documenting, underwriting, and closing
fixed rate residential mortgages for sale on the secondary market
through Brenton Mortgage Co. Served as a loan review officer for five
(5) Brenton Holding Company banks.
Columbus Production Credit Association, Osceola, Iowa
Branch Manager/Loan Officer
October 1981 - November 1984
Duties included total management and supervision of all operations at
the branch level, taking loan applications and underwriting them, all
business development, serving all members at branch level in all
facets of Ag finance, handling loan disbursements and collections of
the branch, doing farm field inspections, including machinery and
livestock appraisals, handling chattel mortgage filings, and checking
chattel and title abstract reports from courthouse records.
IBM Mid America Employees Federal Credit Union, Omaha, Nebraska
Branch Manager/Loan Officer
August 1979 - September 1981
Duties included total management and supervision of all operations in
the branch level, taking loan applications and underwriting them,
servicing all members at the branch level in all facets of consumer
finance, handling all loan disbursements and collections of the
branch.
Nebraska Savings and Loan Association, FA, Elkhorn, Nebraska
Assistant Manager/Loan Officer
August 1978 - August 1979
Duties included taking applications, underwriting loans, closing
loans, servicing mortgage loans, appraisals of residential properties,
teller work, supervising all branch functions, handling loan
disbursements and collections at the branch level.
State National Bank and Trust Co., Wayne, Nebraska
Loan Officer/Trainee
February 1976 - August 1978
Duties include working with Ag customers in all facets of servicing
and loan documentation, doing farm field inspections, handling chattel
and mortgage filings, working with the collections of installment
debt, porting notes, making entries to the bond portfolio, reconciling
accounts, making credit ratings, teller work, telephone inquiries, and
accrual accounting for notes.
United States Air Force
Sergeant
August 1972 - December 1975
Crew Chief responsible for all aircraft assigned as a jet aircraft
mechanic over two engines. Stationed in Ellsworth Air Force Base,
Rapid City, South Dakota, Travis Air Force Base, Sacramento,
California, and Hickman Air Force Base, Honolulu, Hawaii.
Leadership Positions
. Past President - Le Mars Area Chamber of Commerce, Ag Committee Vice
President, (6) years
. Member of Le Mars Business Initiative Corp
. Trustee, Northwest Rural Electric Cooperative, Loan Committee
. Finance Committee Member of Iowa Cattleman's Association
. Board Member of the IBA Compliance School, (3) years
. Board Member of the Siouxland Group of Robert Morris & Associates, (3)
years
. Member of the American Legion, served as Post Adjutant
. Member of Lions Club International, served as Treasurer, Secretary,
and Fund Raising Chairman, currently Treasurer, Le Mars Lions Club
. Member of St. John's Lutheran Church, Le Mars, Iowa
. Member of various Chamber of Commerce's, served as Membership
Chairman, Secretary, and Treasurer
. Past member, Kiwanis Club International
. Past member, Optimist International, served as Vice President
. Member Delta Sigma Pi (Professional Business Fraternity)
Awards Received
"Citizen of the Year", 2004, recipient of annual Le Mars Area Chamber
of Commerce award
"Sam Walton Business Leader Award", 1999, recipient for recognition of
service to customers, commitment for excellence, and respect for the
individual
"Lender of the Year", 1998, Siouxland Economic Development
Corporation, creative use of SBA 504 loan program
Personal Data
Unmarried, 3 children, Excellent health, Date of Birth - 4/27/54, SS#,
Height - 5'11", Weight - 195 lbs. Enjoy bowling, fishing, and snow
skiing.
References
Neal Adler, Executive Director Brian Berkenpas
Le Mars Area Chamber of Commerce 2570 Highway 20
50 Central Ave SE Lawton, Iowa 51030
Le Mars, Iowa 51031 712-***-****
William D. Gardner, President Joe
Arens
R & R Industries, Inc., Ltd. Arens
Trucking
17416 Talbot Rd. 325 East Nothem
Sioux City, Iowa 51109 Remsen, Iowa 51050
Contact this candidate