Vice President of Financial Reporting and Analytics

VINCENT N. DIREDA

**** ********* **** 302-***-****

Wilmington, DE 19810 *******.******@*****.***

WORK EXPERIENCE

JP Morgan Chase, Newark, De. March 2016 to Present

Manager of Financial Reporting and Analytics - VP

Proactively monitor and report financial performance, analyze and interpret operating results, investigate variances and unusual items, and evaluate their impact on operations.

Consolidation of financial plans as well as our financial performance vs expectations; including drivers of variances, business insights, corrective actions and recommendations for executive decision making.

Support management planning and decision making by leading a team of four analysts for the company.

Develop executive level presentations and present analytical findings in clear, concise, and compelling manner that will drive action plans.

Partner and collaborate with colleagues across business units to help drive a culture of risk awareness, proactive risk identification, assessment and remediation.

Oversee, lead, manage and plan a diverse set of work activities involving the development and integrated implementation of policies, processes, procedures, changes across multiple functional areas.

Develop, communicate and implement a holistic strategy for own specific business management function that supports the overall business strategy.

TD Bank, Cherry Hill, NJ January 2012 to March 2016

Credit Risk Management and Analytics - AVP

Preparation, review and analysis of the banks financial holding company along with each individual legal sub-entity for Basel Capital Adequacy Risk Reporting for both Office of the Superintendent of Financial Institutions & Office of the Comptroller of Currency in accordance to Client Bank rules and regulations, as well as the Basel I, II, III frameworks, review and analysis of month-end schedules. Interface with senior managers and governance committee, and assist with other regulatory reporting requirements and special projects.

Lead key initiatives to identify data gaps and potential areas of improvement in report preparation process for Basel compliance. Effectively communicate the cross-institutional perspective on leading-edge risk management techniques within TD Bank.

Collaborates on external advocacy efforts including working with peers, trade associations and regulators to influence regulatory reform.

Preparation & presentation of executive summaries as well as targeted detail product/exposure analyses.

Develop technical and business process solutions to address and comply with Basel reporting requirements.

Interprets domestic and international regulatory capital guidelines including but not limited to Basel III Risk-based Capital Rules, Supplementary Leverage Ratio and Pillar 3 Disclosures.

Analyzing identified issues for their impact on capital and other upstream and downstream processes or systems, as well as escalating these issues.

Drafting recommendations and liaising with the business units to remediate risks, findings and gaps identified during the validation process.

Establish and review risk metrics and control framework to benchmark risk reduction efforts against credit and market risk targets.

Apply market risk and accounting principles to define risk appetite, derive measures of credit exposures and market risks, set and review market risk limits and framework, and monitor risk.

Contract/Consulting Work July 2010 to December 2011

Checkpoint Systems, Thorofare, NJ (12/2010-12/2011); 21st Century Insurance, Wilmington, DE (7/2010-11/2010)

Prepare a monthly “Business Review” package summarizing revenues and profitability of all products and services.

Prepare monthly and YTD comprehensive revenue and variance analysis including a review of actual versus budget and actual versus prior period/year and calculating profit margins.

Conectiv Energy, Newark, DE March 2007 to June 2010

Senior Financial Planning and Analysis

Prepared month-end financial analysis of income statement and balance sheet for corporate and plant generation, monitored cash positions, prepared liquidity forecast for the cash management team, created corporate budget for the upcoming year, provided actual versus budget analysis of all sectors of the business and provided explanations to major changes.

Participated in the formulation of the budget for 12 business units including forecasting and variance analysis. Provided cost cutting recommendations to managers.

Calculated debt and equity capitalization, capital structure, effective tax rates, and weighted average cost of capital.

Tracked daily and weekly cash positions in the energy market and provided explanations to major changes. Monitored construction work in progress (CWIP) versus debt on a monthly basis and highlight necessary actions that may require debt issuance to cover CWIP balance to ensure no loss of capitalized interest.

Determined proper year-end borrowing limit for each legal entity to maintain sufficient cash flow amount to cover projected capital expenditure for the year.

Calculated profitability returns such as ROE, ROA, and ROIC. Prepared operating statements for seven different energy plant generations, established financial forecasts and provided reasons for large variances. Compiled all plant financials to distribute to upper management for review.

Calculated corporate financing costs by working with the balance sheet to determine notes payable, notes receivable, money pool lendings, and cash equivalents. Calculated CWIP balances and capitalized interest.

Prepared corporate financial reports for meetings, made presentations at CFO meetings, participated in company activities to increase employee morale, created annual budget books.

Developed business model to acquire a power plant by assessing various what-if scenarios. Projected 10-year income statement along with forecasted cash flow statement and determined the NPV, IRR, and purchase price. Analysis included detailed written summary outlining specific drivers to the income and cash flow statement. Conducted extensive research in determining the steam generation revenue, market capacity, and cost drivers. Calculated tax depreciation using MACRS.

Analyzed a plant’s property tax accruals from 2004 to current year. Identified prior year accrual errors and recovered $169,138 adjustment to the plant.

Utilized SAP R/3 for generating financial reports of capital projects, income statement review, and line item review of expenses through the general ledger along with uploading journal entries.

Analyzed competitor earnings release for CEO including current EPS versus previous quarter with applicable 8K earnings adjustments.

Highly effective interactions with individuals working well from diversified backgrounds and at all levels of management.

Calculated normalized variability in monthly revenues and expenses to determine significant accounts which consistently provided revenues to the division. Highlighted most important clients and regions with strong and weak revenue trends.

Morphotek Inc., Exton, PA September 2004 to February 2007

Corporate Accountant

Prepared a month end closing on A/R, bank reconciliation, booking monthly depreciation on fixed assets, operating statements (P & L), trial balance, and work closely with the general ledger, balance sheets and income statement.

Responsibilities included, but not limited to, maintaining data for revenue reporting, budgeting, variance analysis, forecasting, projections and cost analysis, income statement analysis, cash flow analysis.

Assisted in annual and quarterly actual versus budget forecasts. Value Added Tax (VAT) experience.

Responsibilities included, but not limited to, analyzing collaboration contracts by identifying key elements and expenses to present to senior management in a detailed oriented summary using an enhanced spreadsheet to track our actual versus budgeted expenses.

Worked with improving efficiency in time management with tasks and saved the company more than $10K in expenses overall by negotiating with vendors and establishing relationships.

Physicians Dialysis Inc., Exton, PA April 2004 to September 2004

Financial Analyst/Accounting Specialist

Prepared a month end closing and developed corporate monthly reports associated with variance analyses. Prepared quarterly forecasts for senior management to make corporate decisions. Prepared monthly reconciliation and analysis of general ledger accounts.

Worked with posting debit/credit journal entries and reclassifications. Maintained accrual prepaid and fixed asset schedules.

Prepared quarterly and annual reports including financial statements and footnotes on GAAP analysis.

Prepared labor cost and benefits reports for monthly and quarterly reporting.

Genesis Healthcare Corporation, Kennett Square, PA June 2002 to April 2004

Financial Analyst/Accountant

Prepared a month end closing on bank reconciliation, operating statements (P & L), the trial balance, and work closely with the general ledger, balance sheets, and income statement.

EDUCATION

Bachelor of Science: Economics and Management, The Pennsylvania State University (2002)

Completed 18 credits of Finance.

Languages: Italian Fluent.

COMPUTER SKILLS

MS Office 2013, SAP R/3 & B/W, Brio, BPC, Utilities International Financial Modeling, Infinite Trading Application, MS Excel Office 2013, Peachtree Complete Accounting, Microsoft Access, Great Plains, FRX, Fin Studio, Business Objects, Hyperian Essbase & Work Force Planning and Crystal Report 9 software.

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