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Manager Sales

Location:
Federal Way, WA
Posted:
August 03, 2018

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Resume:

William C. Bowman, CFA

************@*******.***

253-***-**** linkedin.com/in/bill-bowman

Experienced, confident, pro-active, and results oriented finance officer that remains curious and open minded, thinks big picture, assess key drivers to promote teamwork and buy-in. Experience

Sutter Metals, Lacey, Washington 08/2017 - Present CFO and VP of Operations

Metal recycler with $8 million in revenue and 25 employees. Worked on broad range of activities including but not limited to reporting, financing, systems, insurance, human resources, workers compensation, and safety.

Weyerhaeuser Company, Federal Way, Washington 04/2000 - 12/2016 A global forest products company

Treasurer’s Department, Assistant Director of Structured Finance Assistant Director of Structured Finance and Risk Management Assess and evaluate financial performance of business units for joint venture financing, joint operating agreements and commodity hedging programs.

Provide insight and recommendations on capital market transactions, bank financings, leasing, letters of credit, strategic purchases and sales by business units, foreign exchange, and short-term investments. Participated in system implementations for business and corporate applications. Work on credit cards had a quick and decisive change to both controls and acceptance. Involved in every major corporate acquisition and sale since 2000. Remained employed through the sale of the pulp, newsprint and liquid packaging businesses in 2016 to assist in the sale of each of those businesses.

Developed hedge accounting testing and documentation and debt valuations for quarterly reporting and reviewed 10-Q prior to public reporting.

Wrote Company’s hedge accounting and short-term investment policies that were approved by the Board of Director and provided oversight on both a quarterly and on-going basis for each program. Produced Quarterly Treasury Summary for Investor Relations and the CFO prior to earnings release. Developed new trading strategies for the purchase and hedging of natural gas, hedging electricity, foreign exchange and short-term investing. Supported business strategies on capital projects, joint venture financing, and strategic purchases and sales.

Provided insight and support to SVPs, Sales, Purchasing, Controllership and Financial Reporting on a range of topics ranging from benchmarking, structuring, credit and tax recognition. Managed capital structure and liquidity for Company’s joint venture newsprint mill, which included locking in 4 year profitability of $20 million per year and extending the life of the mill by approximately 5 years and subsequent sale.

Developed, implemented and managed over 10 commodity hedging programs and foreign exchange. Hedging required a thorough understanding of the business operations, revenue, expenses, profitability and cash flow both prior to and after the execution of any hedging strategy. Foreign exchange required William C. Bowman, CFA

************@*******.***

253-***-**** linkedin.com/in/bill-bowman

understanding both foreign and domestic cash needs, best execution approaches, and performance measurement to verify best execution.

Managed the bank relationships and lead the negotiation for the joint venture financing, ISDAs (hedging contracts), leases, letters of credit, receivable sales, and timber monetization notes. Established, managed and changed leasing programs for forklifts, aircraft, and vessels to more effectively manage capital expenditures. Consulted with various businesses on leasing property and facilitated the change from leasing to buying computer equipment due to poor realizations on residual values. Negotiated fair credit provisions during contract negotiations to avoid adverse pricing or collateral calls down the road.

Worked closely with the tax department and the businesses to retain REIT status (exempt from federal income tax), maintain deferred gains, reduce property taxes, avoid state income tax traps, and minimize state sales taxes.

Established internal controls over use of credit cards, short-term investments, debt valuations, insurance recovery, customer credit and vendor credit, and made countless recommendations to purchasing on large capital projects and when businesses were bought and sold. Pension Investment Group, Manager Finance and Accounting 01/1993 – 03/2000 Acted as the Controller for top performing pension plan, responsibilities included financial reporting, asset valuations, liquidity management, cash flow projections, budgeting, coordination with tax and financial reporting auditors, investment due diligence, portfolio management, compliance with ERISA and establishment of the In-House Asset Manager.

• Established and managed the back-office controls and ERISA compliance for over 50 hedge funds and over 50 venture capital, private equity, real estate and mezzanine funds.

• Worked sale of Pension Investment Group to Morgan Stanley, coordinated due diligence on investment manager valuations, internal controls and ERISA compliance. Internal Audit Department 07/1988 – 12/1992

Arthur Andersen & Co 05/1987 – 07/1988

Education

Pine Street Leadership Development at

Goldman Sachs

Seattle University, Seattle WA

- Masters in Science of Finance

University of Washington, Seattle WA

- BA in Business Administration

Accounting and Information Systems

Certification & Affiliations

CFA, Chartered Financial Analyst, Member

of Seattle Chapter

CPA, Inactive

Beta Gamma Sigma Honor Society

Washington Trails Association

Avid hiker, snowshoer, mountain biker, skier

and dog owner



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