Management Manager
Resume:
MICHAEL G. RINGGER
Redding, CA 96001
530-***-**** (Home) E-mail: *********@*****.*** 206-***-**** (Cell)
CHIEF FINANCIAL OFFICER
Accomplished executive with experience providing financial leadership to
companies in financial services seeks similar role in a challenging and
professional environment. Consistently demonstrated outstanding strategic
thinking with tactical implementation, service mentality, attention to
detail and commitment to excellence as a member of several successful
senior management teams. Particular strengths in:
* Consolidated Financial Reporting * Acquisitions and Mergers
* Performance Metrics * Tax Planning and Compliance
* Strategic Planning and Analysis * Investment Operations
* Budgeting and Forecasting * Change Management
In addition, have extensive experience in debt compliance, risk management,
contract negotiation, developing banking relationships, human resources,
facilities management, information systems management, regulatory
compliance, internal and external audits, and multi-company operations.
Excellent organizational, training, motivational and interpersonal
communications skills.
Chief Financial Officer Crosswater Financial Corporation
Bellevue, Washington
January 2003 to Present: Joined Crosswater to develop an independent, fee-
only high net worth wealth consulting practice in several markets around
the country. Predecessor was a small broker dealer serving small to medium
size investors. My responsibilities encompassed all operational,
accounting and support functions.
Responsibilities and achievements include:
* Business plan and private placement document for investors
* Management and Board of Director reporting package and metrics
* Consolidated financial statements for holding company and four
operating subsidiaries
* Investor reporting package combining investment and personal holdings
into a combined "net worth" report
* Operational, financial and compliance policies and procedures using a
risk-based approach
* Contracts and vendor relationships with bankers, auditors, custodians
and other vendors
* Sophisticated budget/forecast model including cash forecasting
* Tax planning strategies to minimize tax liabilities
* Annual strategic plan development
Chief Financial Officer Asset Real Estate and Investment, Inc.
Oakdale Heights Management Corporation
Redding, California
2006 to 2008: Joined AREI/OHMC to help turn around a failing business model
in the senior housing industry while retaining a part-time role at
Crosswater Financial Corporation. AREI was a syndicator of senior housing
properties to high net worth tenant-in-common owners through 1031
exchanges. OHMC managed day-to- day operations of the properties. My
primary mission was to refinance existing properties through debt and
equity offerings by working with numerous lenders and investors, improve
the evaluation of proposed property acquisitions, develop a new sustainable
business model, and improve property operations.
Responsibilities and achievements include:
* Negotiate the equity and debt refinance of eight properties with a
total portfolio value of approximately $100 million
* Perform due diligence on a private REIT offering for an additional
eight properties valued at $90 million
* Reduce the cost of debt and equity capital on a portfolio of twenty
four senior housing properties
* Revise investor financial and tax reporting to correct errors and
improve timeliness for pooled real estate investments
* Review proposed property acquisitions and develop minimum cash flow
and return on investment criteria for all projects
* Improve performance of property operations by developing formal
property management oversight procedures and minimum performance
targets
* Develop cash management and capital protection strategies
* Implement and maintain a budget/forecast model
* Create a formal debt covenant and loan agreement monitoring process.
Chief Financial Officer Laird Norton Financial Group
Seattle, Washington
September 1987 to December 2002: Recruited as Controller (most senior
financial position in the firm) and named CFO in 1992. Principal charter
was to help drive an aggressive growth strategy aimed at expanding the high-
net-worth client base, increasing profitability and broadening services.
The original company, the Laird Norton Trust Company, was founded in 1967
to manage the wealth of old-time Seattle families. The Laird Norton
Financial Group was formed in 1994 to hold three operating subsidiaries -
investment manager, trust company and registered investment advisor - with
combined client assets of over $7 billion including traditional and
alternative investments.
Responsibilities and achievements included:
* Strategic plan development and target market identification in the
high-net-worth marketplace resulting in a ten-fold growth in
profitability through acquisition and organic growth
* Quarterly Board of Director reporting and month management reporting
showing performance metrics, variance reporting and forecasts
* Due diligence on two key acquisitions and one divestiture strategy
including negotiation of terms
* Bank debt and preferred stock offerings to raise capital for
acquisitions
* Internal audit program implementation using a top-down, risk-based
approach
* Pooled fund accounting for seven separately managed investment funds
* High-net-worth client tax planning services adding estate and
personal tax planning services in addition to tax compliance services
* Outsource significant back office operations to streamline processing
and improve accuracy in investment, bill-paying and other transactions
* Company-wide technology strategy including three systems conversions
* Monthly valuation and annual audits and tax reporting on seven pooled
investment funds
* Regulatory compliance for state banking agency and SEC
* Annual corporate financial statement audits, internal control report
and tax compliance
Audit Manager Arthur Andersen & Co.
Seattle, Washington
June 1982 to September 1987: Promoted to this position after four years.
Assigned client responsibility for public companies and privately-owned
businesses combining audit, tax and consulting services. Industries served
include; financial services, retail, software, manufacturing and
distribution. Consistently recognized for outstanding performance and for
the ability to grasp complex issues. Demonstrated particular skills in:
* Managing complex financial audit engagements across multiple
industries
* Working with entrepreneurial companies in undertaking significant
growth initiatives
* Providing accounting, tax and other consulting services to privately-
owned companies.
* Strategizing with clients' advisor team in potential public offerings
* Internal control testing of complex public company operations
* Identifying best practices recommendations to clients
* Teaching in-house courses in accounting and specialized industries
Previous experience, obtained while pursuing educational goals, as a Loan
Officer for a consumer finance company (Utah) and as an internal auditor
with Old National Bancorporation (Spokane, WA) and Zion's Utah
Bancorporation (Salt Lake City, UT).
B.S., Accounting - Brigham Young University
Certified Public Accountant (Inactive)
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