Management Real Estate
Resume:
TOM KEPHART
Chicago, IL 60618
********@*******.***
SUMMARY
Motivated and goal oriented professional with 9+ years of treasury,
finance, and accounting experience with a B.S. degree in Finance from the
University of Iowa. Extensive experience in treasury operations, cash
forecasting, foreign exchange, risk management, and interest risk
management. Experience includes 3+ years in a treasury role for a large
corporation and 6+ years in a treasury and finance role for a large
commercial bank.
EXPERIENCE
Senior Treasury Analyst JANUARY
2007 - PRESENT
CONSTELLATION BEERS, Chicago, IL
Constellation Beers is 50% owner of Crown Imports LLC, a joint venture
between Constellation Brands, the largest wine company in the world, and
Grupo Modelo, Mexico's leading brewer. Crown Imports LLC has $3 billion in
annual sales and is the distributor of the #1 imported beer in the U.S. and
the #1 selling Mexican beer in the world, Corona Extra.
. Manage and report cash activity, including: determine short-term and
long-term liquidity requirements to fund $2.5 billion in working
capital requirements, coordinate cash flow with support from various
departments, set the daily cash position, investments, funding, cash
management, cash distributions, account reconciliations, prepare
journal entries, and maintain relationships with bank contacts.
. Utilize transactional and free cash flow modeling to forecast short-
term and long-term cash flow monthly, quarterly, annually, and ad-hoc.
Create cash flow reports, distribution forecasts, and various
schedules, to support calendar and fiscal year planning. Increased the
number of annual cash distributions from 12 to 52, which effectively
reduced the annual cost of capital for the joint venture partners by
$1.2 million.
. Increased interest income by investing excess cash, while abiding by
company policy regarding safety of principal and preservation of
liquidity.
. Reduced interest expense by maintaining a positive net cash balance
and $0 in borrowing, resulting in $0 in interest expense over 3 years.
. Reduced cash management banking fees by 30% over 3 years by: closing
bank accounts, including the lockbox, and replacing it with remote
deposit, reducing information reporting and funds transfer costs, and
negotiating a higher earnings credit rate.
. Applied understanding of foreign exchange (FX) to setup new hedging
program, which identified, managed, analyzed, and hedged the company's
FX exposures in compliance with FAS 133 and company policy. Hedging
program saved $2 million in year one and reduced FX exposure by 75%
over 3 years.
. Analyzed and reported actual and forecasted FX results to management
monthly, quarterly, annually, and ad-hoc. Conducted meetings with
senior management, including the company president, to communicate FX
results and strategy.
. Recommended FX strategies to management that succeeded in reducing the
company's exposure to multiple currencies, which neutralized risk and
protected the P&L through FX rate predictability. Strategies ensured
FX exposure remained within policy guidelines, while capitalizing on
current market conditions to lower the weighted average hedging rate
of multiple currencies by 2% from 2009 to 2010.
. Ensured the company was protected from the risks associated with the
beer business, both identified and unidentified by providing support
to insurance policy renewals and new policy placements, analyzing loss
history, forecasting results, participating in risk management
studies, and providing recommendations to management to support the
decision-making process. Decisions rendered as a result of
recommendations saved $1 million in policy premium in 2009 and
expanded coverage at no additional cost in 2010.
. Actively participated in the Sarbanes-Oxley process by setting up new
treasury and banking processes and procedures and ensured proper
controls and documentation existed for key areas of responsibility.
Treasury Officer SEPTEMBER 2000 -
DECEMBER 2006
COLE TAYLOR BANK, Rosemont, IL
Cole Taylor Bank is a $4 billion independent business bank specializing in
commercial real estate, middle-market, and small business, operating 9
banking centers across the Chicago area.
. Managed the interest rate risk reporting systems, interest rate risk
modeling, and reporting. Developed, analyzed, and recommended net
interest income (NII), net interest margin (NIM), and funding
strategies to increase NII and NIM and reduce interest rate risk
exposure. Developed alternative interest rate curves and spread
relationships to verify sensitivity of the results.
. Enhanced the Asset / Liability model through process improvement and
instrument-level processing, which improved the model's accuracy
versus the Bank's actual results, reduced the amount of time required
to build reports, and increased the amount of time available to
analyze the model's results for Asset Liability Committee (ALCO) and
strategy development.
. Member and Secretary for ALCO Committee and Secretary for the Treasury
Funds Management Committee.
. Monitored daily cash position to minimize daylight overdrafts and
achieve appropriate daily closing balances to meet the reserve
requirement for the period. Executed transactions to borrow or invest
excess funds that ranged up to $100 million. Provided analytical
support to Treasury function regarding cash flows and other analysis.
Streamlined daily cash reporting by creating macros that increased the
efficiency and accuracy of the reports.
. Maintained, upgraded, documented, and continuously improved the
customer/product profitability methodology and software. Utilized
KnowledgeShare, Excel, Access, and other banking systems to provide
relationship profitability modeling and analysis and offered
recommendations to management on how to improve the profitability of
various banking relationships.
. Designed and implemented a desktop profitability model to forecast
profitability on new and existing business, which reduced the turn-
around time to price business by 95% and educated relationship
managers on key profitability drivers.
. Member of steering committee to transition profitability reporting
software, which developed new reports, trained senior management,
business line managers, and relationship managers, and enhanced
departmental and interdepartmental teamwork by fostering company wide
communication.
. Cited by management on multiple occasions for going "above and beyond
normal duties in the spirit of teamwork," in reference to extra effort
performed to support the bank.
Intern MAY 1999 -
AUGUST 1999
WALGREENS CORPORATE OFFICES, Deerfield, IL
EDUCATION
University of Iowa, Iowa City, IA
B.S. Degree in Finance, August 2000
SKILLS
. Advanced Proficiency: Microsoft Windows, Microsoft Excel, Microsoft
Word, Microsoft PowerPoint, Microsoft Outlook, Lotus Notes, IPS-
Sendero A/L, IPS-Sendero DMS, Oracle, Online Banking
. Proficient: JD Edwards, Microsoft Access, Microsoft FrontPage,
KnowledgeShare for Authors, Organizational Profitability System,
Bloomberg, Rumba
. Knowledge of: Hyperion, PCI
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