Financial Accounting

Douglas K. Sanderson

Home: 631-***-**** ****************@***.*** Mobile: 631-***-****

Execution oriented Senior Financial Executive grounded in operations. Track record of continuous improvement and value creation. Thrived in both turnaround and growth environments. Solid organization and team building skills. Experienced at leading crucial change initiatives for aggressively driving down costs, enhancing operational efficiency and maximizing growth. Broad background in leading organizations through acquisition, start-up, change, turnaround, post merger integration and accelerated growth involving multiple companies in multi-state locations.

Accounting and Financial Management

Business Expansion /Turnaround Management

Tax Strategy Development

Cost Reduction/Outsourcing/Re-engineering

M&A/Joint Ventures/Startup Management

Project Management

Capitalization

Accounting Systems Implementation & Integration

Revenue Recognition

Compliance/Risk Management

Performance Measurement

Divestitures

Franklin First Financial,Inc. ; Melville, N.Y. – Chief Financial Officer, July 2015 – November 2018 Reporting to CEO of this leading Mortgage Originator ($800MM/annually) licensed in 41 states. Led all Finance, Accounting, Treasury, Mortgage Servicing, I.T., H.R., Investor Relations, Facilities, Operations support, Reporting, Compliance, Strategic planning, Mergers/Acquisitions and Tax. 401k Fiduciary. Managed team of 8.

Increased liquidity through refinancing and negotiating $85MM of Bank facilities.

Maintained full management of Hard Money Lending business line yielding 45% margin in year 1.

Designed and developed key metrics, balanced scorecard, and related incentive plans to drive profits.

Worked with CEO to eliminate unprofitable lines of business and improved EBITDA 22%.

Recovered $1.1MM of misapplied escrows from previous mortgage servicer.

Eliminated aged and troubled assets from Servicing portfolio through active marketing efforts.

Eliminated redundant Loan Officer compensation plans in order to create consistency across firm.

Implemented automated real time financial dashboard for Leadership team.

Reduced branch and other operating overhead costs by $600k in 6 months.

Led various tax and statutory filings for all CEO owned businesses.

Diversified earnings through acquisition of 6 strategic investments increasing sales and profitability 20%. Strategic Funding Source, Inc.; New York, N.Y. – EVP & Chief Financial Officer, July 2014 – July 2015 Reporting to CEO, recruited to drive operational and profit improvements to this leading alternative lender during period of hyper growth. Provided strategic vision, championed formal planning process, tightened integration of operating departments and revised the organizational structure with 9 staff members.

Successful in completing $100 million of Private Equity infusion from leading P.E. firm.

Led negotiations to secure increase in credit line facility by $20M with improved terms to firm.

Negotiated and led NetSuite implementation to provide enhanced reporting and planning capabilities.

Executed restatement of 2012-14 financial statements to adopt interest method of Accounting. Q2A Bill Smith Inc.; New York, N.Y. – Chief Financial Officer, November 2012 – June 2014 Responsible for significantly enhancing financial capabilities and position this market leader of content provision services in the higher education space for sale to Private Equity firm. Reporting to CEO, functioned as the senior finance and operating executive, possessing full management responsibility for all financial and accounting including Treasury, reporting, Audit, Shared Services, technology, client bids, legal, HR, insurance, licenses and facilities.

Partnered with CEO in raising $3 million of new equity and improved credit lines.

Directed cost reduction initiatives and operating efficiencies resulting in annual savings of $1.5 million.

Revamped corporate revenue recognition practices to provide more consistent financial reporting.

Enhanced quality and timing of financial reporting, budgeting and cash flow forecasting.

Outsourced multiple production and administrative functions to Delhi.

Improved EBITDA from loss to a positive 10 % in seven months. Douglas K. Sanderson 1

The Capital Markets Company; New York, N.Y. – CFO, North America, January 2008 – October 2012 Directed financial support for high growth Private Equity funded North American Consulting Practice reporting to COO supporting U.S. and Canada. Strategic partner encompassing Controllership/Close, Dashboard Reporting, Revenue Recognition, Decision support/modeling, FP&A, HR, Legal, Client profitability, Acquisition valuations, Sales Reporting, Procurement, Tax, Audit, Incentive Comp and Systems. Led client accounting transition from India.

Developed financial roadmap to improve EBITDA from loss of $(400K) to over $40MM of margin.

Led financial working capital recapitalization yielding additional funding during extreme growth period.

Executed financial transition during sale of under performing SaaS division to third party.

Design and create high performing finance team to drive disciplined growth and strengthen controls.

Partnered with senior management to strengthen annual plan and forecasting accountabilities.

Reengineered client invoicing through PeopleSoft integration and improved DSO by 75 %.

Directed the development and implementation of Global finance policies and project pricing toolset.

Reengineered client invoicing through PeopleSoft integration and improved DSO by 75 %.

Created employee mobility and tax equalization policies for interstate and cross border assignment American Home Mortgage REIT; Melville, N.Y. – SVP & Finance Director, Shared Services: 2003 – 2007 Reorganized and delivered Financial Shared Services including SEC filings, Payroll, etc. Implemented Project Management for CFO/CEO offices. Provided tactical support for securitization transactions. Ensured timely SEC filings

(Q,K,etc). Directed cash management during Chapter 11 proceedings.

Successfully launched and directed the scoping, planning, and organizational change management of Sarbanes-Oxley 302 and 404 Compliance adoptions.

Reduced overhead costs by $500K annually through centralized service provision of accounting functions.

Led implementation of Oracle GL and Concur Travel Expense Reimbursement system for 8,500 employees.

Developed a corporate wide Correspondent invoicing system reducing aged receivable balances 50%.

Implemented corporate wide Accounts Payable invoice imaging system and led ERP system selection.

Instituted inter-state tax equalization policy for personnel. UBS Warburg; New York, N.Y.- Finance Director: I.T. Production, January – December 2002 Served as financial leader of this $600MM Global (U.S., Europe, and Asia) business unit supervising global staff of 38. Partnered with London based CIO to develop, plan, and deploy financial goals and objectives.

Streamlined Perot vendor costs downward by 25% ($25 million) through aggressive review of operations.

Led financial due diligence /integration related to $75M UBS Energy acquisition.

Orchestrated an innovative monthly financial forecasting tool yielding improved accuracy and additional management review time. Reduced unit cost of financial support services to businesses by 20%.

Led benchmarking study with outside consultant of Distributed Systems and Customer Services to detect actionable cost reductions ($8-$10 million) during 2003 and beyond.

Implemented replacement billing systems for Market Data Services with annual savings of $8 million.

Consolidated several data centers in Europe and Asia resulting in cost savings to UBS.

Directed server review to reallocate unidentified/underutilized servers yielding capital savings of $1M. Xansa L.L.C.; New York, N.Y. – CFO: North America Consulting Services, January – December 2001 Cap Gemini Ernst & Young; New York, N.Y. – CFO: Global Operate, 1998 – 2000 Accenture; New York, N.Y.– CFO : Global Financial Services Outsourcing, 1995-1998 Deutsche Bank; New York, N.Y. -V.P – Controller: Global Institutional Services, 1988-1994 Irving Trust Co.; New York, N.Y. - Division Controller: 1987 – 1988; Senior Examiner, 1985 – 1987 Education: Hofstra University, BBA Finance

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