Management Manager

Paul Sorce

*** **********, *******, ******** ***** * Home 217-***-**** * *******@*****.***

SENIOR FINANCIAL & TREASURY PROFESSIONAL

A versatile management executive with extensive experience in driving revenue growth & expense reductions through sound financial management and strategic planning processes.

Demonstrative strengths include:

*Strategic & Financial Planning *Staff Management & Development

*Commercial Banking & Finance *Treasury / Cash Management

*Investment Portfolio Management *Financial Operations & Controls

*Regulatory Compliance *Commercial Credit Underwriting

Professional Experience

Memorial Health System – Treasury Manager 2008 - Present

Manage treasury operations with core responsibilities and accountability in liquidity, capital markets & investment portfolio management, merchant and procurement payments.

Significant Responsibilities & Accomplishments Include:

Credit market experience in facilitating $480 million in VRDB & direct loan placement facilities

Chair Investment Committee to provide tactical optimization of risk adjusted returns while maintain policy compliance for core investment and pension plans totaling $800 million

Implemented short-term investment program to maximize returns by 3.5% on working capital funds with the development cash flow model

Automated and streamlined the preparation of financial statements and budgeting & planning process for treasury operations

Preparation of (MD&A) disclosures and debt & investment annual footnotes

Partner with system leadership with the implementation (PCI-DSS) industry credit card compliance program

Implemented system-wide ACH, merchant processing and procurement card program to streamline minimize processing costs while maximizing rebate opportunities in excess of $1.2 million annually

First American Title Insurance Corporation – Treasurer 2005 – 2007

Directed a regional $995 million asset portfolio comprised of operational and investment balances which generated $50 million in annual revenues. Responsible for leading organizational initiatives such as; financial & business planning, financial statement preparation, asset/liability management and regulatory compliance while providing strategic leadership to a staff of 13 accountants

Significant Accomplishments Include:

Implemented $75 million in arbitrage facilities generation incremental revenues of $4 million

Re-engineered all “decentralized” cash management & financial operation processes into a centralized service organization in Illinois which solidified performance standards & controls resulting in 25% reduction in finance costs or $4 million due to the centralization initiative

Established audit procedures and automated payment processing systems to significantly reduce costs and improve regional cash controls measures through cost of funds and expense management

Paul Sorce Cont.

OfficeMax, a Boise Company – Sr. Financial Operations Manager 1999 – 2005

(Promoted from Financial Operations Manager in 2001)

Responsible for the preparation of accurate & timely monthly financial statements for 4 joint venture operations in accordance to GAAP standards, balance sheet management, and structured revenue & expenditure reporting for senior management for the domestic B2B office products division. In addition administered the corporate merchant, procurement and private label bankcard programs.

Overseeing Treasury financial accounting, reporting, and controls

Developing Treasury & Cash Management best practice processes, review of internal control policies and automation in workflow processes

Establishing and maintaining all domestic cash management services and facilities

Served as Credit Manager (2003-2005) in the day to day credit operations for OfficeMax’s Commercial Credit programs; Annual sales totaling $360 Million consisting of a customer portfolio of 3,500 customers

Liaison to OMX finance groups and domestic banking relationships

Significant Accomplishments Include:

Measurably improved Cash Accounting operations by updating procedures, cross training, and internal dialogues within a team of 10 Accountants from a staff of 3

Streamline the commercial credit approval process with the creation of an online application website, improved underwriting standards, and implemented sales oriented Commercial Credit handbook & credit training program that led to an increase in credit approvals by 25% and reduced delinquencies by 20% annually

Solicited, negotiated, and implemented procurement card and credit card program and services that resulted in annual savings of more than $1 Million

Spearheaded Credit Card Security initiative though (PCI DSS) compliance resulting in the implementation of a company-wide best practice measures and systemic controls mitigating operations’ exposure to fraud and compromised customer data

Plaza Bank - Vice President Commercial Lending 1994-1999

(Promoted to AVP in 1996 & VP in 1998)

Developed and maintained commercial credit portfolio for middle to small business clients by analyzing financial, market, and collateral valuations to determine the feasibility of granting loans to meet customer’s business needs.

Extensive experience in financial analysis and risk management for Commercial, Residential Real Estate, SBA-Small Business Administration, Construction, and Consumer credit facilities

Education and Activities

MBA – Benedictine University

B.S. Commerce in Finance – DePaul University

Commercial Lending – ABA Executive School – Indiana University Purdue University

Bank Financial Management - ABA Executive School – University of Oklahoma

DePaul University – Alumni Board Member

Six Sigma – White Belt Certified

Currently preparing for Certified Treasury Professional Exam

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