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Manager Executive

Arvada, Colorado, United States
May 10, 2019

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Finance Executive

Multi-award winning finance executive with progressive experience across a broad range of finance planning and analysis and treasury functions in a variety of industry verticals including financial services, healthcare, insurance, and corporate banking.

Recognized in the treasury and finance industry as thought leader as evidenced by multiple awards and speaking engagement requests. Requested to speak at the Association for Finance Professionals annual conference 5 times on a variety of finance topics. Also presented at several banking and health care conferences and participated on panels to discuss issues ranging from treasury operations, treasury information technology, capital structure strategy and banking products.

Strategic Financial Planning (FP&A)

Forecast & Budget Responsibility

Capital Structuring & Forecasting

P&L Administration

Corporate Finance

Valuation Modeling (WACC/DCF/ROI)

Executive Level Presentation

Key Financial Services Relationship Management

Department Leadership, Development and Training

Substantial Technology Focus

Professional Experience

Health Care Service Corporation (Blue Cross Blue Shield of Illinois), Chicago August 2010 to present

Executive Director, Treasury & Corporate Finance (2014-present) promoted from Senior Director, Treasury (2010-2014)

Created overall department strategy, execution and management of parent & subsidiary treasury and corporate finance function with a staff of 15 professionals.

Strategically manage $120 billion in annual cash flows and successfully reduced daily working capital needs by over 90%. Guide the related month end accounting and reporting.

Established and manage new FP&A process (short-term and long-term forecast across multiple business lines) for corporate cash flows and risk-based capital; including monthly and quarterly variance attribution analysis.

Created, implemented and manage the corporate capital structure using various models including WACC, CAPM, ROI, Discounted Cash Flow, successfully able to optimize/reduce the cost of capital.

Responsible for raising and structuring external capital including public/private bonds, secured/unsecured bank debt and related hedging programs.

Key Contributions:

Since 2010, completely transformed my Treasury Department (people, process and technology) from an internal-focused administrative and payment processing team to a world class department.

Team now consists of project managing consultants who provide finance and treasury expertise across all departments

Reduced department operating costs by nearly 50% since 2010 through reorganization and outsourcing while implementing new IT systems (ERP and treasury workstation).

Leveraged the new workstation using innovative data gathering and reporting techniques that our vendor was able to integrate into their platform and offer to other clients.

These accomplishments were recognized by awards from several industry periodicals:

Treasury Today Magazine’s Adam Smith Judges’ Choice Award for multi-year transformation of the department

Treasury & Risk Magazine’s Alexander Hamilton Awards (3); Treasury Transformation, Financial Risk Management, and Operational Risk Management

LaSalle Bank/ABN AMRO/RBS Charter One, Chicago September 2005 to July 2010

Senior Vice President (2008-2010):

Delivered credit and capital markets solutions in the insurance and general middle market space in Illinois

Cross-selling bank’s fee-based services and maintaining acceptable portfolio credit quality.

Key Contributions:

Developed sophisticated excel-based forecast models, including DCF/WACC, to structure, price and recommend the appropriate capital market instrument.

Delivered multiple new customers with over $50MM in loan commitments, $750K in net interest income, and over $1MM of fee income far exceeding individual goals.

First Vice President (2005-07):

Led professional team as player/coach for the bank’s national insurance industry banking division – annual revenues $17 million, credit commitments of $1 billion, and 5 FTEs.

Responsible for developing and implementing strategy, growing economic profit, maintaining portfolio credit quality, and developing business through cross-selling bank services. Exceeded annual targets; generated $1,000,000 in new fees in 2007 and $600,000 in 2006.

Northern Trust Bank, Chicago March 2000 to August 2005

Senior Banker (VP):

Drove growing profitability while maintaining the credit quality of the bank’s entire portfolio of multinational Insurance clients – total credit commitments of $2 billion.

Key Contributions:

Generated average annual new fee income of $400,000 in 2004 and 2005; exceeding goals each year. Retained every client despite major bank restructuring in 2003.

Developed forecast models to support various financing structures and pricing while optimizing customer capital structure.

Relationship Manager (VP):

Devised creative finance solutions for a portfolio of not-for profit clients including health care, cultural, social services, religious and higher-education customers and prospects.

Primarily focused on establishing tax-exempt bond financing programs; including deal structuring, ratings, credit support – letter of credit/line of credit. Representative higher education relationships include Notre Dame, University of Indiana and St. Ambrose University. Exceeded new revenue goals every year.

US Bank, Minneapolis April 1999 to March 2000

Relationship Manager (VP):

Developed and implemented business strategy for newly formed healthcare division.

Business development wins included financing to for-profit and not-for-profit health care companies nationwide and cross-selling investment banking products ranging from subordinated debt to equity.

Key Contributions:

Generated and closed three transactions in the first six months totaling $40MM in commitments.

Generated upfront fees of $200K and annual net interest revenue of $800K.

Bank of America, Chicago April 1997 to April 1999

Relationship Manager (Asst. VP):

Responsible for business development of middle-market for-profit and not-for-profit health care companies in the Midwest.

Demonstrated success in cross-selling various commercial banking products including LCs, trade finance, swaps, foreign exchange, structured finance products, leveraged leases, asset securitizations, and other derivative products.

Key Contributions:

Developed several new customer relationships.

Generated incremental annual revenues of $325K.

Royal Bank of Canada, Chicago July 1993 to April 1997 Associate Relationship Manager

Dai-Ichi Kangyo Bank, Chicago November 1990 to June 1993 Credit Analyst

Deloitte & Touche, Chicago August 1989 to October 1990

Corporate Finance Group:

Responsible for M&A advisory services to middle market clients.

Spearheaded the research and analysis of acquisition targets for firm clients. Assisted in the deal structuring.

Middle-Market Auditing Group:

Performed financial statement audits for corporate clients. Promoted to the Corporate Finance Group.

Education, Credentials and Technical Proficiencies

Master of Business Administration in Accounting (CPA eligible)

University of Colorado

Bachelor of Science in Finance

University of Colorado


Certified Treasury Professional (CTP)

Technology Experience

Oracle ERP, Hyperion Strategic Finance, SQL, Tableau, Crystal Reports, Excel (advanced)


Winner of Treasury Today’s Adam Smith Judges’ Choice Award for multi-year transformation of Treasury Department. Winner of 3 Alexander Hamilton Awards - Financial Risk Management, Operational Risk Management, and Treasury Transformation. Winner of Kyriba’s Technology Innovation Award.


Treasurer/Board Member of Reading in Motion, a not-for-profit literacy organization for at-risk children in the Chicago Public Schools.

Former Trustee of The University of Colorado Foundation and Board Chair of the University of Colorado Alumni Association

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