Post Job Free

Resume

Sign in

Chief Operating Officer / Chief Strategy Officer

Location:
Dallas, TX, 75225
Posted:
April 18, 2024

Contact this candidate

Resume:

My expertise has been cultivated through active involvement in numerous startup ventures, most notably as a Director at Prime Trust. Additionally, I have served as a COO Advisor for Private Equity at Endeavor Capital Management, held the position of former COO at EvoChain in the Blockchain payments sector, and acted as a CFO Advisor at AI Blockchain. Furthermore, my international experience in restructuring, organizational redesign, and change management equips me to apply my skills across diverse markets.

Possessing a comprehensive background spanning venture capital, startups, and restructuring, I am well-equipped for roles that present significant challenges. Throughout my career, I have consistently delivered exceptional results by revitalizing underperforming businesses, securing capital investments, initiating new ventures, and establishing scalable infrastructures. My track record demonstrates leadership in profit enhancement initiatives, cash flow optimization, and the fortification of systems, processes, and controls.

My skill set encompasses strategic thinking, analytical prowess, and expertise in meticulous planning and execution. I adhere to a collaborative working style that fosters effective cooperation with board members, investors, and external stakeholders.

Specializing in business restructuring, mergers and acquisitions (M&A), profit enhancement, and effective systems implementation, I consistently drive operational excellence and nurture sustainable business growth. My robust business development acumen enables me to identify and capitalize on growth opportunities effectively.

Some notable accomplishments include:

As the COO of a $50M revenue bank, I played a pivotal role in surpassing the CEO's target of growing the bank to $500M within five years. Through the implementation of technology, processes, and personnel adjustments, we achieved over $110M in revenue in less than two years with just two adds to staff.

While serving as CFO of a $550M revenue bank in Michigan, I successfully orchestrated the turnaround of an underperforming division, transforming it into the top-performing division within the organization.

In a direct reporting capacity to the CEO of an international telecommunications manufacturer, I streamlined operations, incentivized profitability through redesigned sales compensation plans, and implemented job costing for all projects, culminating in the successful sale of the company to a competitor at a significant market premium.

In my current role, I identified excess capacity, fostered individual accountability, and launched new products that addressed gaps in our product lineup, resulting in reduced expenses and increased revenue.

These accomplishments underscore my capacity to instigate impactful change, achieve outstanding outcomes, and make significant contributions to the success of any organization.

Brent C. Beeman

302 South Amherst Street

Perryton, Texas 79070

Mobile/WhatsApp +1-806-***-****

ad43qp@r.postjobfree.com

Highlights

C-level experience across various industries, including fintech, cybersecurity, manufacturing, technology, pharmacy, DME, blockchain, cryptocurrency, AI, telecom, SaaS, financial services, and payments. I have successfully taken companies to the next level or turned them around.

Developed scalable infrastructures to enhance operational efficiency.

Well-versed in all facets of M&A.

Demonstrated expertise in fundraising, investor relations, SEC, and regulatory reporting.

Proficient in working with NetSuite, Oracle, Hyperion, Essbase, SAP, and QuickBooks

Experience

SVP, Chief Operating Officer / Chief Strategy Officer

HERRING BANK, Amarillo, TEXAS

September 2013 - Present

[SVP for this $500M asset bank, $50M in annual revenues with 17 offices]

In my role as the President & CEO's second-in-command and successor, I supervise Operations and Administration across the entire bank, overseeing key areas such as finance, IT, human resources, deposit operations, call center, accounting, product management, marketing, ATMs, merchant services, College Green Account, and facilities.

Executed a strategic position reduction plan to align staffing levels with the current and potential market, resulting in an annual expense reduction of $1.6M.

Conducted a comprehensive vendor management review, scrutinizing expenditure sources, renegotiating contracts, and discontinuing services when feasible. Ensured vendors either committed to Service Level Agreements (SLAs) through renegotiation or adhered to existing SLAs, previously unmonitored for compliance. This initiative is anticipated to contribute $2M annually to earnings.

Introduced new banking products, such as an Identity Protection/Discount Club package and a student account package featuring mobile deposit capture. The goal is to transition the existing 80,000 College Green Account customers into lifelong customers and leverage these products to create targeted demographic-specific packages nationwide, enhancing share of wallet and retention for increased earnings and brand recognition.

Enhanced global ATM accessibility by joining a service charge-free ATM network without any banking competitors. This move provides customers access to over 55,000 ATMs that the bank does not need to maintain, at a cost of only $0.10 per transaction and $0.30 per account annually.

Director

PRIME TRUST, Las Vegas, NEVADA <REMOTE>

February 2018 – January 2024

[Non-Executive Director for this fintech that supported the crypto ecosystem. Met once a quarter, remotely]

Prime Trust stands as an innovative trust company, utilizing technology and groundbreaking approaches to transform the conventional trust industry. Our state-of-the-art software solutions enable us to extend the reach of financial services and furnish our business partners with a flexible platform for expansion. As a chartered financial institution, we operate under the oversight of the banking commissioner's office at the Financial Institutions Division, ensuring strict adherence to regulatory standards. Our proficiency lies in the safeguarding of diverse assets, encompassing cash, stocks, bonds, cryptocurrencies such as Bitcoin and tokens, real estate, and ownership interests in private businesses. Serving as both custodian and trustee, we manage a varied portfolio of personal and corporate trusts. Furthermore, we are at the forefront of the crowdfunding industry, collaborating with individuals, corporations, lawyers, brokers, and investment advisers to deliver specialized custodial, escrow, and trust services.

SVP, Administration & Operations

HAPPY STATE BANK, Amarillo, TEXAS

2012 - 2013

[SVP for this $2.6B asset bank, $123M in annual revenues with 31 offices]

Introduced new banking products aimed at bolstering earnings, customer loyalty, and brand visibility.

Implemented service charges for previously complimentary products and services, yielding an annual impact of $2.3M to the bottom line.

Optimized staffing levels at banking offices and promoted awareness of companywide overtime management, leading to an annual impact of $1.2M on earnings.

Established oversight on service charge waivers and reversals by educating staff on customer profitability and implementing controls to substantiate waivers/reversals. Annual impact on earnings: $1.7M.

Conducted a comprehensive study on 14 potential new product deliverables through existing channels, indicating a potential annual impact of over $50M in earnings.

Initially brought on board as the replacement for the retiring Chief Operating Officer. Subsequently departed when the Chief Operating Officer chose to postpone retirement due to personal reasons and opted to continue his tenure with the company.

VP, Chief Financial Officer

JP MORGAN CHASE, Dallas, TEXAS

2010 - 2012

[CFO of the South Middle Market Commercial banking group, I oversaw the second largest region, behind the Northeast, which included Oklahoma, Louisiana, and most of Texas. The markets for which I was responsible had assets totaling $12B and generated $800M in annual revenue.]

Lead the development of budgets, forecasts, and business plans.

Delivered financial analysis and strategic advice to the Market Presidents.

Taking responsibility for promptly addressing unfavorable budget variances and working with functional managers to improve the profitability of business lines.

Streamlining and eliminating redundant and unnecessary reports that did not contribute value to executive management.

Ensuring the efficiency of month-end closings.

Departed for a superior opportunity at HSB coupled with the prospect of succession as the CEO at HSB was 65 years old at the time.

VP, Chief Financial Officer

HUNTINGTON NATIONAL BANK, Grand Rapids, MICHIGAN

2003 - 2009

[$50B asset publicly traded regional bank headquartered in Columbus, Ohio with presence in Ohio, Michigan, Indiana, Pennsylvania, and West Virginia. Regions I was responsible for had assets of $6B and $550M in annual revenue.]

Led a cross-functional team across the organization to identify and implement cost-effective methods, resulting in an annual saving of $3.5M in operating expenses.

Developed budget and business plans for the entire state of Michigan.

Developed detailed 18-month rolling forecasts.

Ensured the accuracy of month-end closings.

Played key role in Sarbanes-Oxley compliance.

Crafted a comprehensive suite of financial reports showcasing positive trends and growth opportunities, tailored to meet the diverse needs of stakeholders with varying levels of detail and insights.

As the head of financial operations, promptly addressed any unfavorable budget variances with managers and collaborated with functional managers to enhance business line profitability.

Conducted finance and accounting workshops for all staff levels to improve financial literacy and enhance customer interactions.

Presented financial updates to the Board of Directors quarterly.

Departed after the position was eliminated due to downsizing as a result of challenging economic conditions.

SVP, Chief Operating Officer

ORION BANK, Naples, FLORIDA

2001 - 2003

[$1B asset, $110M in annual revenue, privately held community bank headquartered in Naples, Florida. This 11-branch bank had offices from Sarasota to Key West, Florida. When I started, assets were $500M and revenues were $50M. I built a scalable infrastructure which supported a doubling of assets and required only minor adds to staff.]

Oversaw key departments including IT, human resources, deposit operations, purchasing, accounting/finance, alternative delivery, merchant services, lockbox, and financial reporting, with the CFO and HR Director reporting directly to me.

Successfully merged two charters into one, saving $1.1M in annual operating expenses. Executed a comprehensive rebranding initiative in conjunction with the merger.

Consolidated purchasing contracts with fewer vendors, resulting in pricing concessions and cost savings of $150,000.

Initiated the outsourcing of deposit operations, achieving an annual savings of $200,000 while maintaining transparency for customer contact staff and, most importantly, customers.

Managed the transition to a new Internet banking provider due to deteriorating financial conditions and service issues. Utilized the opportunity to completely upgrade and redesign the website using functionality from the top 10 Gomez award winners.

Took over project management for an accounting software product catering to property management companies, successfully addressing a $250,000 budget overrun and a one-year delay. The project generated $80M in incremental DDA deposits.

Led the rollout of e-Statements, featuring imaged statements and checks sent via email, eliminating the expense of paper statements. The project, developed over 2 years, required six weeks to meet compliance, technical, operations, and branch training requirements for customer rollout.

Established a formalized facility management program for all 11 branches, selecting a vendor to manage to a standard checklist through weekly visits, ensuring consistent condition and appearance across locations.

Developed a space plan accommodating infrastructure demands for three years, eliminating the need to relocate staff. Collaborated directly with the architect and builder to keep the project on schedule and within budget.

VP, Chief Financial Officer

HUNTINGTON NATIONAL BANK, Orlando, FLORIDA

1999 - 2000

[$35B asset publicly traded regional bank headquartered in Columbus, Ohio with a presence in Ohio, Michigan, Florida, Indiana, and West Virginia. Region I was responsible for had assets of $5B and $400M in annual revenue.]

Implemented the budget and business plans for the entire state of Florida.

Developed detailed 18-month rolling forecasts, aligned with the annual budget.

Conducted in-depth analysis for two business lines, representing 60% of the company's annual revenue. Ensured plans had measurable targets, realistic variables, and avoided overlap with other business line initiatives.

Ensured clean month-end closings.

Generated a comprehensive set of financial reports highlighting favorable trends and opportunities, tailored to varying levels of detail for different audiences.

Prepared investor relation presentations.

Led a key acquisition, overseeing due diligence, risk assessment, retention, and accretion forecasting. Also evaluated six other acquisition candidates.

Addressed unfavorable budget variances early with managers, collaborating with functional managers to improve business line profitability.

Initiated process improvements, contributing to revenue growth and expense trend enhancements. Achieved total expense savings of $400,000.

Actively participated in company-wide taskforces, identifying opportunities and developing action plans that realized substantial savings.

Departed when the position was relocated to Columbus, Ohio, opting for a nine-month severance package to spend time with my two young boys.

Manager, Planning & Analysis

BRITE VOICE SYSTEMS, INC, Heathrow, FLORIDA

1998 - 1999

[$160M revenue publicly traded telecommunications manufacturer headquartered in Heathrow, Florida. Offices in Boston, UK, Dubai, Germany, and Japan.]

Worked with functional managers to improve business line profitability through benchmark analysis, which saved the company $7M annually.

Prepared SEC reports for this publicly traded company.

Directed joint-venture analyses for deals with revenues of $200M +. Comprehensive study on all hard and soft costs with performance metrics such as NPV, IRR and ROI.

In charge of coordinating the budget, business, and strategic plans worldwide.

Accountable for addressing unfavorable budget variances early with the managers.

Championed product profitability analysis to decide which products generated the greatest margin to encourage greater sales of those products.

Created institutional investor presentations for the Chairman/CEO to pitch. Also, developed a targeted potential investor list of buy-side and sell-side firms.

Created a sales compensation plan, which protected the company from litigation and unwarranted payouts. Saved the company $750K annually while expanding incentive opportunities amongst more of the staff.

Introduced financial reports, which identified opportunities.

Designed policies for controlling travel expenditures, disaster recovery planning, improving corporate security and authored procedures for business planning.

Left when company was acquired for $164.4M (75% in cash) and position was rendered redundant.

BARNETT BANKS, FLORIDA

January 1989 - January 1998

VP, Chief Financial Officer

BARNETT BANKS

January 1992 - 1998

Financial Analyst

1990 - 1992

Management Associate

1989 - 1990

[$42B asset publicly traded regional bank headquartered in Jacksonville, Florida. As Florida's largest bank at the time, they were primarily in Florida and to a lesser extent, Georgia. Regions I was responsible for had assets of $1.8B and $150M in annual revenue.]

In charge of the budget and strategic plans, developed financial reports, analysis, and overall financial management for two regions

Leadership position in five major acquisitions and responsible for due diligence, risk assessment, retention, and accretion forecasting

Led productivity initiatives through consolidations and divestitures which saved the company $520K annually

Efforts became a model companywide for future consolidations

Accountable for addressing unfavorable budget variances early with the managers

Worked with the functional managers to improve business line profitability

Presented monthly financials to the Board of Directors and explained ALM issues

Left when company was acquired by Bank of America and position was rendered redundant.

Education

Bachelor Of Science, Finance

University Of Missouri-Columbia, Columbia, MO



Contact this candidate