Executive Financial (CFO) and Operational leadership (COO)
Resume:
Strategic JOSEPH Executive Leadership VALENTIC
**** - **** ********* *** ********* Advisory Services Independent Consultant
Offering strategic and financial advisory services for privately held businesses, Payment Processing Cost Reduction & Strategic Services, FDIC Approved Contractor for Bank Compliance and Valuation Services 2012 - 2016 Executive Vice President (chief operating officer) & Chief Financial Officer
International Bancard - Payment Processing
Reported directly to the CEO with responsibility for Strategic, Financial and Operational Leadership with direct oversight of Finance, Information Technology, Operations, Human Resources, and Legal, as well as, active support for Revenue generation and Strategic Partner management 2008 - 2012 Consultant - Financial Advisory Services Independent
Commercial Bank M&A Due Diligence, Compliance Audit, Special Assets Mgt, Loan underwriting, Debt placement, Troubled Debt Restructuring 1994 - 2008 Corporate Banking
Regional Banks
15 years in Middle Market commercial lending with responsibility for new business development, relationship management, portfolio risk managment and cross sales of treasury management services.
1992 - 1994 Co-Founder and Director of Operations for Non-Profit Non- Profit Performing Arts Organization
As Director of Operations involved with most facets of the business including planning, management, marketing, public relations and support for corporate development.
1990 - 1992 Public Accounting
Deloitte & Touche
Senior Assistant Auditor- Progressively increased financial audit experience with premiere accounts.
WORK HISTORY OVERVIEW
2008 - 2010 MASTERS OF FINANCIAL ECONOMICS
University of Detroit Mercy
Concentration in School of Austrian Economics
Graduated with 4.0 GPA
Induction into Jesuit Honor Society Alpha Sigma Nu 1985 - 1990 B.S. Business Administration - Accounting Wayne State University
Recipient of Full Merit Scholarship
Organizations: Delta Sigma Pi and Mortar Board Honor Society EDUCATION
Sterling Heights, MI
***********@**.***
KEY ATTRIBUTES
Integrity
Servant Leader
Creative Strategic Thinker
Passion for Learning
Financially and Strategically
Analytical
Build Relationships for Life
Integrator of Vision and Strategy
Master Story Teller
EXPERIENCED IN:
Strategic and Board Leadership
Financial and Risk Management
Corporate Banking/Capital Markets
Payment Processing
Credit Unions
Mergers and Acquisitions
Information Technology
Strategic Partnerships
Legal & Contract Negotiations
Sales & Marketing
INTERNATIONAL BANCARD -
ACCOMPLISHMENTS
Fiscal and Risk Management
Direct oversight of finance and accounting function, oversight of 4 person team, full P&L responsibility, budgeting/planning, management of outside auditors, banking and capital management. Key achievements include:
Lead negotiations with publicly traded primary vendor to drive our largest cost of sales down 37% and obtain the first ever retroactive pricing improvement on existing portfolio business
Implemented the first portfolio pricing model to enable the company to run sensitivity analysis on their 4,000 plus customers involving hundreds of pricing variables Implemented first multi-year budgeting, with monthly and quarterly forecasting. Implemented first ongoing forecast of cash and credit usage Oversaw the selection and transition to a new outside auditing firm Under my fiscal oversight, the annual independent financial audits consistently resulted in no material adjustments and no material weaknesses in the reports on controls Worked with Risk management team to successfully balance new business growth with solid credit risk management, resulting in consistently immaterial credit losses, without materially impeding sales growth
ENTREPRENEURIAL OPERATING SYSTEM
Implementation of the Entrepreneurial Operating System (EOS) – as the “Integrator” resulting in
Creation of first formal strategic goals including 1, 5 and 10 year goals Formalization of the company vision, proven processes and core values Implemented corporate wide weekly accountability process (L10 Meetings) STRATEGIC PARTNERSHIPS
Significant experience with building successful strategic partnerships including: creation and delivery of proposals and strategic plans, negotiating terms, designing legal structure, and supporting ongoing relationship management. Examples of major strategic partners successes include MasterCard, Detroit Lions, and Rock Processing - a Dan Gilbert company. INFORMATION TECHNOLOGY
Personally oversaw the rebuilding and re-positioning of the information technology team including:
Completely revamping network and storage structure, including cloud based redundant systems that met PCI Compliance compliance standards. Implementation of in-house help desk
Built a team capable of creating and supporting Integrated Payment solutions including custom web applications, hosted payment solutions, and integration consulting services. Successfully launching three software products
Implemented professional Project Management staff, software and processes MERGERS AND ACQUISITIONS
Created complete M&A process from scratch that included: Proprietary Quality of Earnings review process
Industry specific Risk review procedures
Custom Historical Data Analysis Templates
Custom Discounted Cashflow model to address specific needs of payments industry Received critical acclaim from industry professionals for custom deck created to deliver offer presentations
Completed two successful acquisitions and one in process out of 6 reviewed in two years INDEX OF CAREER
INFORMATION
INCLUDED
INTERNATIONAL BANCARD
Fiscal and Risk Management
Entrepreneurial Operating System
Strategic Partnerships
Information Technology
Mergers and Acquisitions
Capital Markets
Sales and Marketing
Human Resources
Legal and Government Affairs
INDEPENDENT CONSULTING
CORPORATE BANKING
PUBLIC ACCOUNTING
NON-PROFIT EXPERIENCE
BOARD OF DIRECTORS
COMMUNITY, PROFESSIONAL AND
BIOGRAPHICAL
CAPITAL MARKETS SEARCH
Lead a capital markets search for senior, mezzanine and equity capital. Personally created the presentation deck and summary financial data Personally presented partial to full presentations to over 35 sources of capital in two months
Received consistently positive feedback from all sources on the deck's quality, sophistication, ability to explain the business model and the assessment of market valuation for the company
Sales and Marketing
Actively participated in the sales and marketing efforts of the company including: Building presentations
Delivering part or all of presentations
Participation in strategic planning for large customers and markets segments Identification and planning for integrating IT and Operations resources a the customer and market segment levels
Negotiating terms of referral or other special agreements HUMAN RESOURCES
Direct oversight of Human Resources team. During my tenure: Implemented first 401-k plan
Implemented first cloud based review system
Implemented Core Values based hiring and review process Helped in revising all management level job descriptions to ensure clarity of performance objectives and duties
Creating and presenting sales incentive compensation financial models Creation of return on investment analysis for management and sales positions Participation in both hiring and termination process for management level employees Review and selection of recruiting tools including applicant tracking system & online tools Legal and Government Affairs
Direct oversight of all legal and government affairs. Direct Oversight and management of outside counsel following in house counsel resigning due to winning election to the US Congress ( Congressman Mike Bishop) Responsible for review and negotiation of all legal agreements for the company Supported lobbying efforts through participation in industry lobbying group including trips to Washington to speak directly with House and Senate members CONSULTING EXPERIENCE
Provided independent and contract consulting services to commercial banks, private equity investors, turnaround consultants and middle market businesses, for both creditor and debtor sides of the equation. Areas of specific experience include: Bank Acquisition Due Diligence
Performed over 60 due diligence assignments on troubled commercial banks throughout the country, for both sell and buy side transactions Performed SWOT analysis on credit policy, credit administration, and risk management Interim Special Assets Management
Co-managed five month on-site, post-acquisition, Special Assets Group engagement, providing personnel assessment, ongoing portfolio and loan level risk assessment, policy and procedure recommendations, participation in loan committee meetings, asset disposition strategy and completion of exit report/presentation Middle Market Troubled Debt Advisory Services
Preparation and presentation of debtor screening package Coordination with turnaround consultants to negotiate workable debt restructuring Placement of debt
INTERNATIONAL
BANCARD
CONTINUED
CONSULTING
CORPORATE BANKING EXPERIENCE
Comprehensive business development and customer relationship management including commercial lending, treasury management, investments, foreign exchange, letters of credit, and derivative products
Commercial lending areas of experience include: private banking, small business, middle market, asset based lending, commercial real estate, subordinated debt, industrial development revenue bonds, and troubled debt restructuring. Industries served: Automotive, wholesale/distribution, airlines, service Banking Career Timeline:
Citizens Bank - Vice President- March 2005 – March 2008 Fifth Third Bank - Vice President - August 2001- March 2005 National City Bank -Vice President- November 2000 - July 2001 Comerica Bank - Assistant Vice President - August 1994-October 2000 PUBLIC ACCOUNTING EXPERIENCE
Deloitte & Touche - Senior Assistant Auditor - December 1990-February 1992 Progressively increased financial audit experience with key assignments such as General Motors, Michigan National Bank, and Henry Ford Health Systems Application of both standard and analytical review audit procedures Worked part time during college in admin and intern roles NON-PROFIT EXPERIENCE
Metropolitan Ballet Theatre - Director - March 1992 - February 1994 Co-founded Detroit, Michigan’s first full-scale professional company Started company following participation on a non-profit board and family involvement in dance community
First ballet company in the nation run by an executive team instead of a single Artistic Director
Assisted in all facets of management including financial, planning, marketing and labor Co-Managed 25 professional dancers through two full length productions BOARD OF DIRECTORS EXPERIENCE
International Bancard - Treasurer of the Board 2014-2016 Involved with corporate strategic planning and management First employee ever appointed to the company board Alliance Catholic Credit Union - Treasurer - Board member from 2010-2015 Actively involved with strategic planning
Recurring participation in Credit Union industry education Actively involved with strategic planning and evaluation of credit union's first acquisition Actively involved with completing rebranding of CU post acquisition from Michigan Catholic to Alliance Catholic Credit Union, including vision, mission, branding, and field of membership changes
Executive Compensation Commmitte
CORPORATE
BANKING
PUBLIC
ACCOUNTING
NON-PROFIT
BOARD
EXPERIENCE
COMMUNITY, PROFESSIONAL AND
BIOGRAPHICAL
COMMUNITY AND PROFESSIONAL
Present
Founder of Our Lady of the Most Blessed Sacrament Apostolate Member, Knights of Columbus
Financial Executives International - Member
Past
Steering Committee, Detroit Minority Outreach – Right to Life of Michigan Den Leader, Boys Scouts of America – 7 years
Robert Morris Associates – Membership Director
BIOGRAPHICAL
Michigan native, married with seven children, currently residing in metro Detroit Interests / Fun Facts: Family, Learning, Fencing, Teaching, Golf, Food & Spirits, Music & Performing Arts, Technology, Time Pieces and Good Writing Instruments. SERVICE AND
BIOGRAPHICAL
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