Kenneth J. Jakubowski

***** ******** **** **** ● San Diego, CA 92127 ● 619-***-****● acvmhn@r.postjobfree.com

Summary of Qualifications

Michigan MBA. Progressive financial management experience with emphasis on planning, budgeting, treasury, M&A, bank relationships, capital markets, internal controls and accounting. Strong corporate finance generalist and strategic thinker with excellent leadership, mentoring, analytical and communication skills. Good board presence.

Professional Experience

PayMeFaster.com Carlsbad, CA 2012 – Present

(Cobalti LLC is a supply chain finance company operating as PayMeFaster.com www.paymefaster.com )

Chief Financial Officer

Cobalti LLC is the successor to MyBusinessLoan.com. The company partners with supply chain network companies to offer financing to small- and medium-sized business.

Focus on fundraising, build-out of technology infrastructure, and partnership relationships.

Manage financial plans and budgets, investor relations, banking, legal, and accounting matters.

Capital Partners Services Corp. Carlsbad, CA 2011 – 2012

(Capital Partners is a 140-employee finance company operating as Freight Capital www.ecapital.com )

Chief Financial Officer

Focused on financing activities, operations performance analysis (KPIs) and dashboards, improved financial planning and budgeting, and strategic matters. Managed human resources function.

Led migration to “cloud computing” and paperless processing, both resulting in substantial cost savings.

Executed small subordinated debt private placement. Renegotiated bank credit agreement.

Renegotiated treasury services fees by introducing competitor at $150K annual savings.

Developed improved forecasting models; implemented improved accounting controls and procedures.

Answer Financial, Inc. (an Esurance subsidiary) Encino, CA 2009 – 2011

(AFI is the largest property and casualty insurance agency in the country with 450 employees) www.answerfinancial.com

Chief Financial Officer

Developed analytical models to assess business line profitability, improve generation of economic value added. Implemented new budgeting and forecasting methodologies that improved accuracy.

Prepared and presented multiple items to board of directors.

Managed group of ten in move of significant book of business from one insurance carrier to another. Exceeded success targets.

Implemented improved controls and auditing procedures.

Manage relationships with outside parties including insurance carriers, law firms, banks, and owners.

FirstAgain LLC San Diego, CA 2003 – 2009

(FirstAgain was a start up national consumer lending company now part of SunTrust Bank www.lightstream.com )

Vice President, Finance & Controller

Negotiated $400 million warehouse financing and $10 million venture capital investment to support product launch 4Q 2006. Closed $30 million private equity round in 2008.

Raised $5 million of initial seed capital in private equity offering; prepared business plan, SEC-compliant offering memorandum, managed state blue sky, Form D filing.

Developed SOX compliance plan and implemented appropriate controls and procedures. Developed general ledger. Upgraded accounting systems including implementation of Great Plains.

Managed human resources function including documentation and procedures, hiring practices, and benefits package. Developed equity-based incentive plans. Managed all licensing and compliance.

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National General Insurance Company Winston-Salem, NC 1997-2003

($1.3 billion auto insurance carrier) www.nationalgeneral.com - formerly GMAC Insurance

Vice President, Finance (1998-2003)

Developed new budgeting and forecasting methodologies and managed process integration into operating units. Managed implementation of new reporting software (Hyperion EssBase and Pillar), transition to new general ledger, and adoption of parent-company accounting and reporting methods.

Managed business development activities including acquisitions, joint ventures, and partnerships. Negotiated and closed $50 million acquisition and led all integration activities.

Managed two cost reduction initiatives resulting in $30 million of reduced ongoing expense. Introduced operating metrics to expense management and implemented new budgeting and reporting process.

Managed 100 person staff in facilities/real estate activities, office services, purchasing, actuarial analysis and payment processing. Implemented process improvements resulting in 10% staff reduction.

Vice President & Treasurer (of Integon Corporation prior to acquisition by GMAC) (1997-1998)

Managed capital markets activities, cash management, reinsurance, banking, rating agency and investment banking relationships of $800 million publicly-traded company.

Alexander & Alexander Services Inc Owings Mills, MD 1992-1997

($1.3 billion insurance brokerage and benefits consulting firm - acquired by AON Corporation, January 1997)

Vice President & Assistant Treasurer, Corporate Finance

Executed financing strategies including public capital markets, bank finance, and private placements.

Presented financing plans, interest rate/foreign exchange hedging, acquisitions to Board of Directors.

Closed $200 million Credit Facility in turnaround situation and managed series of amendments and covenant waivers. Closed $115 million public preferred stock and $250 million of private placements.

Managed, negotiated and closed over twenty niche acquisitions. Performed valuation analysis and coordinated due diligence process. Presented transactions to Board of Directors.

Managed $700 million fixed-income investment portfolio. On committee managing retirement plan assets.

Lockheed Martin Corporation Bethesda, MD 1988-1992

(Aerospace & Defense)

Director, Finance Administration

Directed capital markets activities, rating agency and bank relationships. Managed public debt placement.

Managed portfolio of investments in emerging technology companies (software, biotechnology).

Implemented bank financing for joint venture that reduced costs and eliminated parent company exposure.

Developed risk management strategy for use of derivative financial instruments.

Ford Motor Credit Company Dearborn, MI 1980-1988

(Automotive Lending)

Strategic Planning/Acquisitions Specialist (1985-1988)

Worked with McKinsey & Co. to prepare review of financial services industry to identify segments for expansion. Study culminated in $500 million acquisition of publicly-traded US Leasing International.

Manager, International Funding (1984-1985)

Arranged financing and foreign exchange for 30 overseas locations.

Financial Analyst (3 different positions, 1980-1984)

Expense analysis, budgeting, international reporting, money market and economic analysis.

Managed over $4 billion of debt issuance, medium-term notes program and bond repurchase program.

Ernst & Young LLP Kalamazoo, MI 1979

MBA Internship with big four accounting firm. Performed audits and provided consulting services.

Education

THE UNIVERSITY OF MICHIGAN Ann Arbor, MI 1980

MBA, Finance. Graduated top 15% of class. Concentration in corporate finance and accounting.

KALAMAZOO COLLEGE Kalamazoo, MI 1978

BA, Economics. Magna Cum Laude with High Honors.

Other Information

Adjunct Professor, MBA Program, The Johns Hopkins University, lecturing in International Capital Markets and Advanced Corporate Finance (1993 – 1995).

Frequent presentations and lectures at Wake Forest University, Babcock Graduate School of Management (1997 - 2003).

Publications: “Managing the Diversity of Interest Rate Risk”, The Treasurer, 1992 (a London publication).

Board of Directors, Oak Valley Falcon Foundation and Stone Ranch Foundation, each a non-profit corporation involved in education-related fundraising activities.

California Life & Health License 0j13735

FINRA Series 6 and Series 63 Securities Licenses

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