Management Sales
Resume:
Kurt Cross, MBA, CTP, CMA
Denver, CO 80222 abl9h8@r.postjobfree.com
SENIOR TREASURY EXECUTIVE
Experienced Certified Treasury Professional & Certified Management
Accountant
Accomplished senior-level treasury executive with 20 years of strategic and
tactical treasury and financial expertise. Goal-oriented with a strong
capacity to facilitate continuous improvement. Solid credentials in
management, leadership, planning and implementation of systems aligned with
business plans to affect cost reductions, deliver sustainable financial
gains and bottom-line profits for non-profit and public companies.
Core competencies include:
Financial Management & Analysis ? Project Management
Banking relationships ? Business Modeling
& Forecasting
Budget Administration ? Strategic Planning
Risk Analysis ? Audit & Tax Administration
Internal Control ? Treasury Management
PROFESSIONAL EXPERIENCE
DIRECTOR OF FINANCE, 2008-2010, HOUSING AUTHORITY OF KANSAS CITY, Kansas
City, MO
HAKC operates 1,900 public housing units in 16 developments and provides
rental assistance subsidies to 7,500 households under the Section 8 Housing
Assistance Payment Program with a $70 million budget..
I was recruited to plan, orchestrate, and manage all aspects of accounting,
finance, grants, treasury, audits, financial reporting, budgeting,
inventory and internal control. Directed Fiscal management programs by the
implementation of new processes and procedures in financial operations,
accounting, budgeting, grants, and reporting for the HUD/GAPP requirements.
Selected accomplishments:
Upgraded lock-box services and automated the rent collection process with
an electronic environment which produced a 50% reduction in manpower,
banking fees along with having same day information.
Implemented 100% electronic employee payroll by using direct deposit and
payroll cards, reducing 95% of the reconciliation costs while improved cash
and fraud controls.
Directed and implemented a new PC based integrated financial system to meet
new regulatory requirements which provided significant improvements to
financial management and more effective financial reporting to senior and
field personnel.
TREASURY MANAGER, 2001-2008, UNITY, Lee's Summit, MO
Headquarters for a $60 million organization with three areas of service;
telephone call center, publication of magazines, and educational programs.
The 1,400 acre campus serves over 2 million customers annually.
Recruited to oversee cash management, including short and long term
investments. Directed relationships with banks, investment managers and
endowment advisers. Responsible for property, liability and employment
insurance programs including risk management, pension and property tax
administration. Worked with the Development Team, reported to the CFO and
produced $2.5M of savings during my tenure.
Selected accomplishments:
Implemented new credit card services including E-Commerce to meet a growing
market, enabling greater customer sales and lowering interchange fees by
20%.
Managed RFP processes for Investment, Endowment and Pension Fund Managers
which decreased annual fees by more than 25% on $60 million of investments.
Kurt Cross, MBA, CTP, CMA Page 2
Revised the mail room, check processing and accounts receivable functions,
improving funds availability and generated additional income of over
$100,000 annually which resulted in 50% staff redeployment and 50%
reduction in bank transaction fees.
Renewed annual worker's compensation, property and liability insurance
policies with new vendors producing accumulated savings of over $400,000 in
three years.
Rolled out a new supplementary contribution retirement plan (401k).
Coordinated the RFP process, plan design, investment options and
educational meetings, while achieving an 81% participation rate for a
secondary and voluntary plan.
Identified overvalued property tax parcels and engaged consultants and
reduced tax assessments producing a 65% reduction in tax expense of
$225,000 annually.
SENIOR TREASURY ANANALYST / ACCOUNTANT, 1989-2001, AQUILA INC., Kansas
City, MO
A $1.3 billion investor-owned utility serving 1 million customers in a four
state area with generation, transmission and distribution of electricity
and natural gas.
Administered cash management and forecasting, bank relationships, short and
long term credit borrowings, short-term investments, financial analysis,
investment performance reporting, filing of income, property, sales and use
taxes. Coordinated the long-range financial planning and modeling, annual
budget and rating agency submissions. Oversaw accounts payable of $100M,
payroll of $12M, and financial, income and sales tax audits.
Selected accomplishments:
Improved the long-range financial forecasting and budgeting process to
evaluate $90 million plant investment options for optimal capital
structure, financing and cash flow.
Significantly reduced accounts payable processing 25% with electronic funds
transfer for routine tax payments and implemented purchasing cards and
monthly electronic statements.
Overhauled cash and treasury management by implementing additional services
which increased cash control which reduced daily maintenance operations by
approximately 40% and renegotiated lines of credit saving over $100,000 per
year.
Revised financial reporting and accounting procedures for tracking treasury
and investment transactions for better accountability and a 65%
productivity improvement.
SENIOR ACCOUNTANT, 1984-1989, ST. JOSEPH LIGHT & POWER CO., St. Joseph, MO
A $150 million investor-owned utility with generation, transmission and
distribution of energy to 75,000 customers in Northwest Missouri.
General ledger processing, month-end and annual closing, financial
statements and reporting, rate case filings and testimonies, long-range
financial planning, SEC and governmental reports, corporate budgeting and
variance reporting, financial analysis of the pension and 401-K plans.
EDUCATION & CREDENTIALS
MBA, Finance - Rockhurst University, Kansas City, MO
BSBA, Accounting and Management - Missouri Western State University,
St. Joseph, MO
CTP - Certified Treasury Professional by Associated Finance
Professionals
CMA - Certified Management Accountant by Institute of Management
Accountants
Professional Affiliations:
AFP - Association of Finance Professionals; Secretary, Professional
Programs Committee, Membership Acquisitions Committee
IMA - Institute of Management Accountants; Board member, Director of
Education
RIMS - Risk and Insurance Management Society
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