WILLIS “BUCK” HOLLAND

**** ********* ***** #*** ********, Florida 33462

803-***-**** acu1a9@r.postjobfree.com

FINANCIAL ANALYST/CONTROLLER

Extensive experience in the financial services industry with expertise in accounting, investments, cash management, facilities, expense control, supervision, compliance, and financial analysis with small, medium, and large companies. Given an assignment to reduce company operating expenses that had spiked up to 6.64% of assets, over 2.00% higher than peer. Became involved in all large contract negotiations, renegotiated some existing contracts, and formed a vendor due diligence team. The result was operating expenses as a percentage of assets dropped to 4.01%, a decrease of 2.63% of assets, saving the company approximately $8 million per year. *

Budgeting Expense Control Financial Analysis Financial Statements Project Management Presentations

Procurement / Purchasing Cost Reduction Asset Liability Compliance Forecasting Vendor Management

Facility Management Restructuring Debt Credit Analysis Collections Communication

THE BODE COMPANY Gulfstream, Florida 12/2015 to Present

Markets and sells various retirement and insurance products, such as annuities, disability insurance, and life insurance.

Accounting, Operations and Compliance

Ensure all transactions and accounting reports are recorded correctly, that new accounts have completed all required compliance requirements. Serve as liaison between insurance companies and all customers. Increased company sales through direct marketing.

Achievements:

Company sales volume was modest. Cold called door-to-door to businesses handling out brochures and increased accounts by 6%.

At times new customers account transactions weren't booked for up to eight days. Set up procedures that ensured all account activity was recorded within two days. This resulted in fewer customer calls and more referrals.

Company was not totally compliant with insurance regulations. Researched insurance accounting regulations and brought company into compliance.

SCU Columbia, South Carolina 6/1993 to 6/2014

Financial institution with 19 branches and $650 million in assets.

CFO/ COO

Accountable for Accounting, Investments, Operations, Purchasing, Facilities, Information Technology, Information Security, and Fraud Departments totaling 51 employees.

Achievements:

Accounting Department experienced significant number of out-of-balance accounts, totaling $800,000 upon arrival. Changed personnel and reconcilement processes and procedures. Gave more employee coaching and mentoring. Accounting Department realized 13 consecutive clean annual audits. Financial statements were deemed more reliable by Board of Directors.

Operating expenses as a % of assets were much higher than peer (6.64%). Created vendor due diligence team. Played a role in contract bidding process for all contracts. Operating expenses cascaded down to 4.01%, resulting in cost savings on average of $8 million per annum.

Investment Portfolio was yielding below market returns and contained some securities adversely affected by interest rate risks. Received board approval to diversify investment portfolio and strategies. Began program of investment arbitrage. Yields increased and exceeded peers. Portfolio never lost an investment or realized an OTTI over a 21-year period.

Led company in acquiring seven other financial institutions. All mergers successfully completed with minimal issues.

Information Technology Department had quadrupled its cost over a nine-year period with low morale among employees. Requested to take over management of department, cut costs by 23% while maintaining a technology department that was state-of-the-art and never experienced a system intrusion.

WILLIS “BUCK” HOLLAND Page 2 acu1a9@r.postjobfree.com

WACHOVIA Columbia, SC 6/1986 to 6/1993

Large financial institution that offered full service banking until acquired by First Union, and then Wells Fargo.

VP Investments

Traded investment securities (bonds) in the national market. Accountable for bank’s cash management position ($1.2 billion). Analyzed credit quality of broker/dealers and performed financial analysis to determine the amount of a line of credit to extend to these companies. Executed arbitrage investments and interest rate swap options.

Achievements:

Bank’s cost-of-funds slightly above the bank national average. Quadrupled bank’s direct funding sources via direct cold calling to smaller banks with excess funds. Results: Bank’s cost-of-funds dropped to seven basis points below the peer national rates. This resulted in savings of $700,000 per year.

Company’s net income was low. At appropriate market intervals, executed investment arbitrage transactions (borrow low and loan same amount of funds at much higher yield, locking in positive spread that exceeded the company’s targeted ROA. The investment arbitrage program made the bank approximately $400,000 the 2nd year after starting the process.

Company wanted to protect itself against rising interest rates erasing the profit from long-term loans. Created bank’s interest rate swap program. Interest rate swaps hedged many of the bank’s long term loans against a rise in interest rates. Net income increased by 8%.

EDUCATION

Bachelor of Science in Business Administration

University of North Carolina, Chapel Hill, North Carolina

COMPUTER SKILLS

Microsoft Office Suite, SAS

AFFILIATIONS

Board member - Lakeshore Colony Master Association

Board member - Lakeshore Colony Condominium Association

LANGUAGES

English, Latin

PUBLICATIONS/PRESENTATIONS

Board presentations at SCU - each month for 21 years.

Annual budget presentation for board approval

Asset Liability Management presentations to ALM committee each quarter

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