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Manager Financial

Denver, CO
$75,000+ annually
October 24, 2019

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Lawrence M. Folkerts

Littleton, Colorado 719-***-****

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Summary of Qualifications:

The range and scope of my professional background includes small business ownership, financial management, strategic planning, managerial responsibility for large numbers of working professionals and experience with venture capital start-ups. It has also involved fiscal control of substantial budgets, forecasting and business plan development, and a track record of building cohesive, effective business units that have achieved ambitious goals. As a business professional, I am committed to the highest corporate ethical standards and integrity. Professional Experience:

2012 – 2018 Owner & CFO

AidaCom Business Communications, Rye, DENMARK

Function & Responsibilities:

Description of operation: foreign language tutoring for business professionals.

Responsible for the due diligence prior to acquisition of the business, ongoing financial controls and accounting functions for this family-owned business.

Client list includes Saxo Bank, Danske Bank, Schneider Electric and GE Capital (serving metropolitan Copenhagen businesses for more than 25 years). Achievements:

ROI of 21.3% since inception in 2012; capital investment recovered in 18 months. 2008 – 2012 Head of Compliance - Operational Risk Manager Ekspres Bank A/S, Taastrup, DENMARK

Function & Responsibilities:

Description of operation: unsecured consumer lending of fixed and revolving credit.

Head of Compliance Department including Ekspres Bank’s Legal Officers and an Internal Control/Compliance Officer. Responsible for minimizing Operational Risk losses as defined by Basel 2 framework.

Responsible for monthly corporate reporting to LaSer Group in France on Internal Audit recommendations, risk mapping, Operational Risk losses, corporate governance, business continuity planning and process mapping for the company. Lawrence M. Folkerts

Littleton, Colorado 719-***-****

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Met the Basel 2 requirements to advance from BASIC to STANDARD Method for equity calculation in the first 3 months with no existing structure in place at the start.

Reduced annual Operational Risk losses from over €500k in 2008 to less than €90k in 2011. Successive yearly loss reductions achieved ranged from 30-35%.

Developed and implemented internal controls and administration of LaSer Group’s Compliance functions at Ekspres Bank to meet corporate parent and Basel 2 requirements. 2001 – 2008 Risk Manager

ALD Automotive, Taastrup, DENMARK

Function & Responsibilities:

Description of operation: long-term contracts with corporate clients for operational and financial leasing including corporate fleet management of vehicles.

Risk management of a corporate portfolio of €500 million. Credit file preparation for ALD’s parent company, Societé Generale in France, and yearly credit review of approximately 3,000 customers within the local credit authority for Denmark. Responsible for operational risk and Basel 2 permanent supervision administration reporting to ALD International, the corporate parent.

Business analysis of expenses, budget versus actual performance, departmental monthly reporting and custom reporting for corporate clients.

Management responsibilities have included: participation in monthly P&L, Balance Sheet preparation, annual Business Forecasting, statistical reporting to the Danish state, business operations analysis for all departments internally and preparation of intercompany reporting.


Implementation of reporting tools and financial analysis have contributed to growth rates of more than 35% in 3 consecutive years with Danish industry recognition (Gazelle Awards in 2003 and 2004). Assigned additional responsibility in Risk Management for the Nordic countries and support of new start-up operations in the Baltic States. Participation in integrating new partnerships and acquisitions in Denmark and Sweden involving transitions within ALD has contributed to successful conversion processes. Also made heavy contributions in developing start-up of new leasing products and joint ventures as well as IT enhancements and developing reporting.

Lawrence M. Folkerts

Littleton, Colorado 719-***-****

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1998 – 2000 Vice President – Finance Manager

Jones Lang LaSalle Development Inc., Denver, CO (USA) Function & Responsibilities:

Description of operation: commercial real estate development. JLL is an international firm based in London specializing in the leasing, management and development of commercial real estate worldwide employing more than 12,000.

Financial oversight of more than $2 billion in the development projects pipeline for the regional United States.

This position reported to the Senior VP – Finance including support personnel.

Duties included the development and implementation of financial reporting, project job cost accounting, budget and revenue forecasting and publication of monthly Investor Reports on equity financed projects and underwriting for all projects. Achievements:

Upgraded and developed financial controls for the successful completion of development projects undertaken. This function served as the hub of regional coordination throughout the United States and was responsible for bringing investor funding together with the various development projects proposed. Forecasting budgets and revenue were submitted to corporate headquarters for approval. Profitability of projects was extremely high with performance bonuses based upon them.

Professional Development:

Capital Expenditure Preparation

Management Performance Planning

Group Skills & Conflict Resolution

Leadership & Motivation

Education & Qualifications

1986 Master of Business Administration, University of Phoenix, Aurora, CO (USA) 1977 Bachelor of Arts – Communications, Biola University, La Mirada, CA (USA) References provided upon request.

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