Financial Management

Richard Czarnik, MBA, CFA, FLMI, LOMA

***** *. ****** ****., *** Angeles, CA 90049 Cell: 310-***-****

e-mail: ************@*****.*** LinkedIn: https://www.linkedin.com/in/richard-czarnik-1752aa14

Summary of Qualifications

Full P&L & BS Responsibility for Fortune 100 Companies / Presented results to Senior Executives & Boards of Directors / Managed Strategic-Long Term and Operating-Short Term Plans & Forecasts / Month-End Closes / Managed Production of Reports and Analytical Packages incl. Business Summary Analysis & Business Review Reports / Managed SEC Reports and Investor Supplements / Analyzed Business Growth Strategies / Conducted Multi Product-Channel Analysis / Managed Analysis and Recommendations of Investment Portfolios with focus on ALM / Managed Mergers & Acquisitions M&As / Regulatory Agencies and Audit reviews / Direct LOB support / Oversight of IT & HR departments

Achievements and Skills:

Bank of America July 2004 – Present

Finance Vice President

Responsible for Financial Performance, Reporting, Budgeting and Analysis of BAC LOBs - $1B+ annual budget

Managed and presented to Senior Executives zero based Operating & Strategic Plans

Managed detail financial statement review & analysis - P&L responsibility + B/S Reconciliations – Controller function

Implemented and managed Forecasting and Variance Analysis packages with focus on rates and product/channel mix

Responsible for Business Reviews and Financial Performance Packages presented to CFO

Monthly close responsibilities including reviews with LOB Executives

Managed Mergers & Acquisitions M&A team responsible for transition activities, risk & opportunities assessment

Headed projects that allowed BAC Subsidiaries to increase pricing and revenue by over $50MM and cut expenses by over $100MM per year – multi product/channel analytics

Managed Regulatory Agencies/Audit relationships and reviews and industry comparative analysis

Managed and collaborated with different levels of Management to gather and analyze information for strategic plans

Created, Managed and Presented Executive Reports to improve effectiveness and efficiency of LOBs

Provided strong leadership to improve efficient management of employees and resources and improvement in communication within the Finance team and across other supporting departments (IT/HR/Accounting/AP/AR)

Participated in implementation and testing of new accounting companywide systems

Allstate Financial May 2000 – July 2004

Sr. Finance Manager

Managed detail financial statement analysis for Allstate Financial VAs, FAs, MVAs, Life products (term and whole life), and Institutional Relationships including rate and currency swaps (MTNs & GMTNs)

Managed and Communicated financial analysis packages to Executives & Senior Management team

Managed and prepared Operating and Strategic Plans (over $15 Billion of Assets) for Allstate Insurance

Evaluated risk exposure and conducted analysis of the investment portfolios – ALM function

Managed, created, and assisted projects associated with analysis of capital requirements for rating agencies through which Allstate Financial reaffirmed its credit rating at AA

Analyzed and Recommended business simplification measures saving over $50M/year

Managed detail product and profitability analysis – multi channel/product analysis

Improved performance, effectiveness and efficiency of Finance department through implementation of innovative approaches to analysis, data gathering and modeling activities

Responsible for successful integration of 3 new Mergers & Acquisitions M&As into existing lines of business – identification of synergies, opportunities, risks, and threats

Demonstrated exceptional performance and solid conceptual and operational skills permitting for in-depth understanding of all business issues and impacts of the business changes on the financial performance of the organization

Saved over $50M/year due to correction of Financial Processes and Analysis on Institutional Products

Expressed remarkably strong written and verbal communication skills, leadership qualities, problem solving, analytical, research, and organizational skills, knowledge of financial markets, and different types of investment products.

Warner Investments May 1995 – May 2000

Senior Financial/Portfolio Analyst

Conducted detailed financial statement analysis to evaluate and assess performance, financial standing and profitability of target organizations (portfolio support)

Calculated hedging strategies to adjust risk exposure, performed technical and fundamental analysis of securities

Constructed models used for sensitivity analysis in evaluation of pricing trends, patterns and models used for technical analysis that allow for recognition of support and resistance levels

Evaluated financial data to recognize and analyze price patterns

Conducted equity, market research, and analysis of the investment portfolios and their performance

Prepared strategic (long-term) and operating (short-term) plans and different types of analysis packages

Performed technical and fundamental analysis of securities

Communicated weekly, monthly and quarterly performance results to Senior Management

Gathered and prepared research analysis about industries and securities

Participated in implementation and analysis of new data gathering and manipulation software and techniques

Education:

Northeastern Illinois University, Chicago, Illinois - MBA - Finance - GPA: 4.0/4.0

Ohio University, Athens, Ohio - Bachelors - Economics - GPA: 3.86/4.0

Certifications:

CFA - Chartered Financial Analyst

FLMI - Fellow Life Management Institute

LOMA - Life Office Management Association

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