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Accounting Financial

Location:
Fort Mitchell, KY
Posted:
March 09, 2020

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Resume:

ANDREW G. REES

Greater Cincinnati/Northern KY Area

859-***-**** adb7vk@r.postjobfree.com

PROFILE

Results-driven financial leader with solid record of accomplishment building and preserving business assets through application of sound accounting and fiscal management practices. Expertise in guiding business strategy development with focus on growing revenue, managing risk and reducing expenses. Proven ability to support a company’s strategic direction and achieve financial objectives. Reputation for solid leadership backed by business savvy, sound judgment and irreproachable integrity. Well qualified for CFO, Vice President of Finance, Treasurer, COO and similar roles. Key strengths:

Financial Management – Financial analysis, financial reporting (including Board presentations), P&L analysis, budget development, budget control, forecasting, investment principles, investment management, purchasing oversight, portfolio management, long-term financing, short-term financing, capital improvement planning, asset management.

Accounting Management – Accounts payable, billing/accounts receivable, payroll, credit and collections, general ledger (GL), GAAP, audits, cash management, treasury administration, cash flow systems, debt management.

Accounting & Finance Operations

Risk Management, Corporate Governance

Policy & Procedure Development

Statistical/Budgetary Analysis

Staff Recruiting & Retention

Team Leadership, Staff Development

Continuous Improvement

Change Management

Relationship Management

PROFESSIONAL EXPERIENCE

HERITAGE BANK, Burlington, KY 2017 – 2/2020

Vice President/Controller (12/17-2/20)

Recruited for ability to step in and improve financial reporting. Oversaw all financial and accounting operations. Managed purchasing; analyzed expenses to ensure budgetary compliance. Liaison with auditors, tax advisors, regulators and key vendors. Managed liquidity, including $150M line of credit. Member of the IT Steering Committee and ALCO Committee.

Represented Accounting Department on the committee to select a new core processor that reduced annual processing costs by ~$600K. The core processing contract is a multi-year contract representing $2M annual spend. Selected a scalable accounting software allowing the bank to grow beyond the $1B mark.

Played key role in securing implementing price concessions and additional terms to service level agreement (SLA) to ensure adherence to the new core processing contract.

Streamlined the regulatory reporting process for Federal Reserve Bank: FR Y-2644, FR Y-9SP, and FR Y-10 and The Federal Deposit Insurance Agency Call Report process reducing time to 5 working days while reducing reporting errors.

Oversaw development and maintenance of corporate accounts payable program. Creating a system of checks and balances that exposed fraud and waste, while reducing annual expenditures by ~$100K.

Employed consultative skills to lead cross-functional departments in working together, despite competing priorities, to achieve corporate objectives. Educated employees in all business areas regarding the impact their decisions have on financial performance.

Expanded and enhanced Board of Directors reporting. Streamlined Board reports to be easily understood. Cut the time required to render full Board packets by 50%, while increasing the scope and accuracy of information.

Implemented new deposit reclassification software that reduced reserve requirements from an average $20M to $5M, potentially increasing revenue by $450K annually.

Resolved audit issues by implementing correct accounting standards for deferred fees and costs of originating loans (FAS 91) Resolved legacy regulatory exam issues resulting in an improved CAMELS rating from the Federal Depository Insurance Corporation.

Cleaned up legacy issues surrounding the vendor management program. Increased cooperation and ownership across every bank department; improved efficiency while ensuring strict compliance with regulations.

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ANDREW G. REES 859-***-**** PAGE 2 OF 3

WARSAW FEDERAL SAVINGS & LOAN, Cincinnati, OH 2015 – 2017

Chief Financial Officer (CFO) (8/15-12/17)

Recruited for ability to improve financial performance and expertise in navigating the rapidly changing market and regulatory environment. Oversee all financial and accounting operations. Managed capital requests, oversaw purchasing; analyzed expenses to ensure budgetary compliance. Prepared and presented financial reports and recommendations to Board of Directors. Chief liaison with auditors, tax advisors, regulators and key vendors. Managed liquidity, including $35M line of credit and investment of excess funds. Developed/managed $100M budget.

Drove change in a change-resistant culture, e.g., worked cross-functionally to build a sales culture; educated managers and front-line associates to drive revenue via cross-selling and referrals. Achieved strong, steady growth, with $40M in volume (2015). On target to deliver $70M in 2017. Negotiated $5M line of credit increase to meet needs of this rapidly growing business unit.

Revamped budget planning, reporting and documentation. Improved budget process facilitated better identification of revenue and price targets and was a key factor in delivering significant revenue growth.

Resolved audit issues and brought the company into compliance with GAAP and government regulations. Outsourced, oversaw development and maintenance of corporate internal audit program; saved$70K per year.

Improved income and expense tracking process resulting in better resource allocation and increased ability to identify revenue enhancement and expense reduction opportunities. Examples:

Identified and implemented cost reduction initiatives that saved $100K per year, e.g., consolidated offices and upgraded technology (saved $22K/year) while improving workspaces.

Instrumental in growing core deposit base by $10M by creating new programs and guiding retail team in promoting them.

Employed consultative skills to lead cross-functional departments in working together, despite competing priorities, to achieve corporate objectives. Educated employees in areas of the business regarding the impact their decisions have on financial performance.

Expanded and enhanced Board of Directors reporting to include audit issues and recommended solutions. Streamlined Board reports to be easily understood and ensure support necessary to achieve financial objectives and regulatory compliance.

Updated the information security policy to safeguard confidential customer and financial information. Worked with IT partners on website enhancements and mobile app development. Improved IT network regulatory rating from 3 to 2.

Managed HR function (45 employees) – hiring, compliance, payroll and benefits, including 401K administration. Oversaw placement integration of 15 associates hired following the closing of a competitor.

STAND ENERGY CORPORATION, Cincinnati, OH – Commercial natural gas supplier 2013 – 2015

Vice President, Finance (8/13 - 8/15)

Directed staff of 15, including Controller, in all aspects of risk management, finance and accounting. Advised ownership group on strategic business planning with focus on growth initiatives. Oversaw daily liquidity needs, managed cash flow; controlled $60M line of credit. Developed and controlled $100M+ budget. Guided all departments in budget management; monitored payroll, purchasing, accounts payable and accounts receivable. Presented monthly financial reports and recommendations to Board of Directors. Worked closely with CPA firm on annual external audits and tax matters.

Revitalized relationships with 3 outside sales professionals who delivered new business totaling $500K in 1 year.

Advised ownership and senior management team on business-building initiatives. Example: Built business case, secured buy-in and led cross-functional initiative that transformed a stale, outdated website into a powerful, interactive marketing tool.

Managed working capital and invested excess funds. Doubled rate of return and increased interest income by ~$5M.

Demonstrated ability to manage cross-functional teams. Oversaw HR and IT, including payroll processing and reporting systems. Administered employee retirement plan to ensure compliance with all qualified plan rules and regulatory mandates.

Negotiated LOC renewal with improvements: increased flexibility, loosened covenants and streamlined quarterly reporting.

Improved insurance coverage, with no premium increase, to effectively manage risk, limit exposure and protect corporate assets.

ANDREW G. REES 859-***-**** PAGE 3 OF 3

COLUMBIA SAVINGS BANK, Cincinnati, OH 1995 – 2013

Vice President & Chief Operating Officer (4/06 - 7/13)

Controlled $13M asset portfolio, and a $15M line of credit. Managed outsourced internal audit function. Served on Board Audit Committee; chief liaison with auditors, regulatory agencies and key vendors. Served as Recording Secretary (1/11 - 7/13).

Sold $5M in non-performing assets; recovered revenue more than two and one-half times the industry average.

Reduced expenses by $250K by analyzing/developing new allowance methodology.

Identified $350K in annual cost savings. Negotiated contract concessions with major supplier and changes in employee benefit plan.

Saved $100K annually by shuttering an unprofitable business unit and consolidated multiple office locations.

Researched and oversaw implementation of new software that streamlined new business processes, improved compliance.

Treasurer (5/99 - 4/06)

Controlled $9M investment portfolio. Oversaw accounting for general and subsidiary ledgers, payroll/benefits, I/S, and system security. Analyzed financial performance with focus on maximizing revenue while minimizing risk. Continuously reviewed and updated policies and procedures. Advised senior management on all financial matters.

Streamlined accounting functions resulting in improved accuracy and tighter internal controls.

Introduced an interest rate risk model budgeting tool that improved budgeting process and government reporting compliance.

Researched and developed an employee retirement program to attract/retain professional staff.

Uncovered a $10K embezzlement scheme; implemented new controls to prevent future occurrences.

Initiated development of corporate informational and transactional website.

Launched, managed and expanded an automated program to facilitate electronic payments and deposits.

Authored corporate computer policy. Developed and implemented data security programs and training in all departments.

Controller (9/95-5/99) – Prepared monthly financial statements and presented financial results to Board of Directors. Managed daily liquidity needs, including $15M line of credit. Managed special projects, e.g., oversaw major building design/renovation project. Maintained/reconciled accounts in preparation for audits.

EDUCATION

THOMAS MORE UNIVERSITY, Crestview Hills, KY

Thomas More Accelerated Program (TAP) Master of Business Administration, MBA in progress Expected 2021

UNIVERSITY OF CINCINNATI, Cincinnati, OH

Bachelor of Business Administration, Accounting & Finance 1995

Computer Skills: Microsoft Office (Word, Excel, PowerPoint, Outlook), Fiserv (Prologue, Cleartouch, Vantage), Encompass, WordPerfect, Windows Network, ProfitStar, EasyCall, Depreciation Solutions, Financial Technologies’ Payables.

PROFESSIONAL AFFILIATIONS

Cincinnati Rotary Club, Clifton Business & Professional Association (Vice-President and Treasurer), Financial Managers Society – Ohio Valley Chapter (Offices held: President, Vice President, Treasurer, and Secretary)



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