Management Accounting

Paul D. Amato

*** ***** **** **** • Sterling, Massachusetts 01564

***********@*******.*** • 978-***-**** • cell 508-***-****

EXECUTIVE SUMMARY

Commitment Leadership In tegrity

A proven visionary and strategic leader that t ranslates business strategies into maximum

p rofits commensurate with the best interest of shareholders, customers, employees and the

p ublic. An expert in enhancing profitability; strategic lending initiatives; and growing each

segment of the balance sheet. Very knowledgeable of banking & credit union regulations

and a proven t rack record of implementing the necessary controls to ensure compliance.

AREAS OF EXPERTISE

• Strategic / Tactical Planning • Business Development • Commercial

Lending Underwr it ing

• Mergers / Acquisitions • De Novo Bank Start-Up • Data Warehouse /

M CIF Systems

• Regulatory Compliance • Operations Management • Vendor Management

PROFESSIONAL EXERIENCE

November 2011 – February 2013 Open Solutions, Inc.

Raddon Strategic Consultant

Experienced Strategic Consultant with a proven t rack record of increasing profits, driving

new growth, reducing operational costs, improving operational efficiencies. Adept at

managing comprehensive review and analysis of organizational operations, performing

f inancial analysis and modeling, and developing and implementing strategies. Talented

leader directing highly skilled management teams to support achievement of the overall

corporate goals and objectives. Using a hands-on leadership approach to his work and is

able to balance multiple responsibilities simultaneously for his clients. Able to develop,

manage, and execute sales, marketing, and business development.

• Managed high profile client relationships at the C- level point of contact.

• Preformed market area analysis to support retail banking strategies, branch

v iabili ty, marketing plans and small business strategies.

• Developed models to support deposit pricing, core funding strategies and branch

p rofitability.

• Evaluated, develop revenue enhancement and product gap analysis.

• Provided operational review and provide tactical solutions.

August 2011 – November 2011 Paul Amato Company

As a financial consultant with 28+ years of experience in financial institut ion accounting,

p rivate industry and consulting. My extensive experience and goal-oriented with a

demonstrated t rack record of leading the preparation and analysis of financial reports to

summarization and forecast the financial position. Proven expertise in driving efficiency

and productivity through evaluation of financial management systems and implementation

of process improvements.

June 2008 – August 2011 Medical Area Federal Credit Union

Vice President of Finance, CFO

Reporting to the CEO, direct and manage all activities in the financial and accounting

f unctions of the Credit Union to include: Accounting Management, ALM, Auditing,

B udgeting, Cash Management, Cost Accounting, Financial Analysis, Financial Reporting,

Forecasting, Commercial Lending underwri ting, Business Development and Regulatory

Compliance. Primary duties include:

• Evaluate, develop, and/or implement policies and procedures for the Accounting/Finance

f unction

and ensure functions meet general accepted accounting functions (GAAP). Ensure that

policies and

p rocedures reflect current regulations and are well-communicated and implemented

i nternally.

• Direct and manage staff in the financial and accounting functions of the Credit Union.

P rovide

d irection to staff; resolve technical issues; monitor performance; and provide

development

opportunities that enhance both the Credit Union and the department.

• I dentify areas for improvement, change in procedures, new developments, or changes in

services.

• A dminister the cash position of the Credit Union by adequately forecasting the

i nstitution’s liquidity

needs while maximizing returns.

• Manage the Credit Union’s Investment Portfolio. Serve as a member of the Asset

L iability

M anagement Committee.

• Provide financial and strategic planning and forecasting.

Accomplishment include:

• Developed a more comprehensive budget system to better reflect cost and product

p rofitability.

• Launched a strategic plan to sell loan into the secondary market, which help managed

i nterest rate

r isk and developed a revenue stream for the Credit Union.

• Spearheaded implementation of Credit Union Sit & $ave program, which increase loan

p roduction,

w hile provide savings to its members.

• Enhanced and created a sales culture by managing business development th ru

salesforce.com

2005 2008 North Middlesex Savings Bank

Vice President and Controller

D irected the financial management functions including development of monthly, quarterly

and annual financial statements, financial forecasts, account reconciliations, cash

management. Administered all financial management systems and evaluated/ integrated

new applications. Developed highly skilled cost accounting reporting and other financial

p rograms.

EDUCATION:

Salem State College – Salem, Massachusetts

Bachelor of Science, Accounting, 1983

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