Manager Management

H. Scott Argersinger

**** ********** **** *****, *******, FL 33596

407-***-**** - *****.***@*******.***

Treasury / Securitization / Leasing Director

Over a decade of experience at director level or above, treasury and

finance positions at 3 multinational fortune 500 companies, along with 5

years at a leasing company as an asset based lender in the leveraged lease

and project finance markets. Demonstrated ability to develop rapport and

build lasting relationships with prospective and existing lenders and

clients. Ready and able to relocate.

Key Skills

-International & Domestic Cash Mgmt -Relationship Management (Bank,

Investor, Rating Agency and Clients)

-Securitization -Leadership (Managed groups up to 23

people)

-Capital Markets (Public, 144A & Private) - Risk Management

(Insurance & Derivatives)

-Treasury Operations & Systems -Leasing- Sales & Structuring

-Accounts Receivable Management -Corporate Accounting

-Derivatives Accountingt (FAS 133 & 52) -Mortgage Servicing &

Loan Perfection

-International Tax -M&A Modeling

Professional Career

2006-2010 Marriott Vacation Club International (MVCI)

$2 billion dollar vacation ownership subsidiary of Marriott

International. (Orlando, Fl)

Senior Director of Capital Markets May 2006 -

February 2010

Provided leadership to a small team securitizing and servicing a multi

billion dollar portfolio of time share mortgage loans, including domestic

and international loans.

Served as Co-Chairman of Credit Committee which monitored loan underwriting

and loan performance.

Developed and maintained relationships with investment bankers, custodians,

lawyers, and investors as the pools of loans were sold and serviced. (13

term ABS securitizations)

Analyzed, prepared and presented business to the ABS investors, rating

agencies and other constituents.

Limited cash flow volatility by utilizing currency and interest rate

derivatives.

Supported accountants and external auditors on compliance with FAS 52, 115,

133, 140, 166 & 167.

Managed analysts and data warehouse with loan information and performance

data.

Selected Achievements:

. Recognized for performance after a difficult $300M conduit

securitization was structured with JPMorgan in March of 2009 and a

$380M term ABS transaction was completed in October of 2009. The

global financial crisis caused major disruptions in the ABS markets.

. Saved Marriott over $10M dollars in 2008 & 2009 with the complex

structuring of FX derivatives.

. Improved MVCI's interest rate risk hedge policy and reduced cash flow

volatility from the sale of over $1.5 billion dollars of mortgage

loans from 2006 to 2008. Regression was used to obtain hedge

treatment.

2006. Collins & Aikman Corporation (C&A)

$4 billion dollar global auto parts manufacturer. (Troy, MI)

Assistant Treasurer (Promotion) April 2004 - March

2006

Director of Treasury October 2002 - April 2004

Recruited by C&A for my international treasury experience when the

corporate office was being moved from North Carolina to Michigan after the

company had grown dramatically thru acquisitions.

Managed global receivables department, including a 23 person staff after

January 2005.

Selected to oversee global insurance programs, while utilizing AON as 3rd

party risk managers in 2005

Managed securitization, factoring of international receivables, global

leasing, inter-company lending, derivatives and FAS 133 & 52 compliance.

Selected Achievements:

. In April 2004, received a promotion to assistant treasurer and was

given a 20% raise after successfully developing, documenting and

closing multiple receivable factoring arrangements in Europe. The

transactions were completed in Sweden, Spain, Belgium, Netherlands,

and Germany with several different international lenders.

. Improved collections by developing and implementing a new

communication software package to assist collectors and improve

communication between the plants and corporate staff.

. Significantly improved the accounting processes used for the

derivatives contracts.

1997-2002 Federal-Mogul Corporation (FM)

$6 billion dollar global auto parts manufacturer. (Southfield, MI)

Director of Corporate Finance (Promotion) March 2000 -

October 2002

Manager of Capital Markets (Promotion) October 1998 - March

2000

Senior Treasury Analyst July 1997 - October 1998

Considered a valued member of the Federal-Mogul's small treasury team

during a period when FM completed numerous financing transactions to

support the acquisition of 18 different companies.

Financings included public debt & equity, preferred stock, bank facilities

and leasing.

Assisted in the development of rating agency, board of directors and lender

presentations.

Managed and implemented a treasury system for cash and foreign exchange

activity.

Executed receivable lending facilities, reporting and audits with Bank One,

Wachovia, and GE.

Commodity and FX risk management, hedging, administration and FAS 133

compliance.

Provided financial modeling expertise for major acquisitions, including

models required for financings.

Provided on-going daily support of international cash management, including

pooling, netting and repatriation of international funds.

Selected Achievements:

. Successfully relocated FM's FX operation from England to Southfield

and implemented a new Sungard treasury software package.

Subsequently, managed the global foreign exchange and commodity price

risk programs for FM.

. Restructured FM's asset securitization programs and reporting. The

programs included a $450M securitization with Bank One and Wachovia

and a $50M "fast pay" program with GE.

. Creation of alternative financial structures that improved FM's

balance sheet, including debt to equity swaps.

1989-1997 Dana Commercial Credit Corporation

$1.5 billion dollar finance and leasing subsidiary of Dana Corp.

(Toledo, Ohio)

Leasing Sales - Energy Services January 1996 -

July 1997

Selected to develop a new leasing/investment market for DCC, focusing on

energy efficient equipment.

Selected Achievements:

. Developed and closed more investments than peers and exceeded DCC's

volume objectives for the new product using receivable purchases,

construction loans, equity investments and performance based leases.

. Sourced and structured a $2M transaction for a lighting retrofit on

the Statue of Liberty.

Investment Manager-Project Finance (Promotion) June 1992 -

January 1996 Structured and negotiated leveraged leases, partnerships, and

joint ventures for passive investments in the utility industry. Prepared

approval memos and presented information to various DCC investment

committees.

Selected Achievements:

. Exceeded volume and profit objectives while a member of the three-

person capital markets team from 1992 to 1996. Responsible for

developing, structuring, and negotiating equity and debt investments

of over $100M annually. Primarily focused on the utility industry.

. Closed investments in a large natural gas processing, waste to energy

and waste coal plants.

. Leverage leases of planes, real estate, and rail assets were managed

successfully.

Treasury Analyst/Cash Management May 1989 - June 1992

Cash management of contolled disbursement and lockbox accounts using a

treasury system.

Reduced risk and increased profitability with interest risk management

techniques using derivatives.

Cash and debt accounting.

Selected Achievements:

. Developed a new process to allocate interest expense to operating

groups based on assets.

. Implemented new cash and debt accounting processes.

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Education

Wayne State University (Detroit, MI) 1997-2001

MBA Finance (12/01) - 3.6 GPA

University of Michigan (Ann Arbor, MI) 1985-1989

BBA Finance & Acct (5/89) - 3.4 GPA

Member of UofM varsity golf team and volleyball team.

Academic All Big Ten 1988

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Software Experience: Bloomberg, Sungard Treasury System, Excel, Word,

Powerpoint & various banking systems for cash, research & trading.

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