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CFO/Controller with over 12 years experience

Aurora, CO
March 19, 2020

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Eric Spencer CPA, MBA

Denver, Colorado 720-***-****

Mr. Spencer is a senior executive with 20+ years of experience in finance and leadership. He has developed a philosophy of finding maximum effectiveness through a balance of managing people and systems. He utilizes a principled approach of goal setting through KPI’s / OKR’s to inspire performance of individuals and teams. A passion of his is to be actively engaged with new developments in technical accounting and cutting edge technologies.



Chief Financial Officer – SALT Lending, 8/2018 to 3/2020

Senior Vice President & Controller – Computershare Loan Services, 8/2013 to 8/2018

Vice President of Finance & Accounting – Broe Real Estate Group, 10/2008 to 8/2013

Manager Capital Transactions Team – AIMCO, 3/2006 to 10/2008

AVP of Budgeting and Forecasting & Assistant Controller – GMAC, 2/2005 to 3/2006

Assistant Manager Financial Analysis – Great West Life, 2/2002 to 2/2005


CPA License – Colorado, active

MBA – University of Louisville, May 2001 - Full time student 9/2000 - 5/2001

BA Economics – Rutgers University


SALT Lending - a FinTech company offering innovative blockchain backed lending solutions and products; 45 employees

Chief Financial Officer - 8/2018 to 3/2020

Managing Accounting, Finance, Treasury/Banking, A/P, A/R; total Staff of 6

Coordinating Audits and solving complex technical accounting issues


Creating transparent transactions via the Blockchain / managing and reconciling cryptocurrency assets

Financing & Debt Facilities

Managing Company Equity: Equity Incentive Plans, Cap Table, Stock Options, Convertible Bonds

Corporate Governance / Internal Controls / Risk Mitigation & Insurances

Financial Systems: Installation, Integration, Automation

Establishing Corporate Strategy: Short, Medium & Long Term Goals using OKR’s & KPI’s. Reporting progress to Board and employees.

Process Improvement / Adding Value


oCleaned up 3 prior years of accounting records & 140,000 cryptocurrency transactions

oCompleted the first consolidated audit

oReduced income taxes by $2.5M

oInstalled new G/L Software Sage Intacct, integrated with other internal systems

oDeveloped Accounting, Finance, Forecasting departments and staff

Computershare Loan Services - a residential mortgage loan servicer with $275MM revenue, 1300 employees, 500,000 loans with balances over $75Billion

Senior Vice President & Controller - 8/2013 to 8/2018

In charge of Accounting Department, Finance Unit, Treasury Unit, A/P & A/R Units; total Staff of 25


Debt Facility Financing totaling over $1.5 Billion

Coordinating Big 4 Audits: US GAAP, IFRS, Government Audits, Agreed Upon Procedures: managing costs, timelines

Systems integration

Reporting on Key Performance Indicators and metrics involving Weighted Average Cost of Capital (WACC) and Return on Invested Capital (ROIC)

Implementing Policies and Procedures

Tax reporting and planning – Federal, State & Local requirements

Corporate Insurances – overall risk mitigation and cost reduction


oImplemented new revenue recognition requirements (ASC 606/IFRS 15) by analyzing over 300 contracts

oSuccessfully managed growth of company over 5 years of revenues from $150M to $275M

oBuilt automation into complex calculations of servicing fee revenue on 500,000 loans, reducing labor and errors

Broe Real Estate Group - Private Equity Firm with International and Institutional Joint Ventures; 65 employees

Vice President of Finance & Accounting - 10/2008 to 8/2013, Broe Real Estate Group; total Staff of 11

Responsible for finances & reporting on 80 Real Estate assets worth over $400MM in Gross Value & $50MM annual revenue

Averaged over $100MM of Acquisitions & Dispositions annually

3,750,000 square feet of Office & Retail; 2300 units of condos/apartments

2000 acre multiuse Development Project (Residential & Heavy Industrial with rail access)

38 Medical Office Buildings (MOB’s)

Single Family Home “fix and flip” program of 170 houses

In charge of: Accounting Department; Finance Unit; Treasury Unit; A/P & A/R Units

Managing relationships with lenders, sourcing debt

Managing Joint Venture Equity relationships

Developing Business Strategies (1, 3, 5 year planning)

IRR Projections for Acquisitions, Dispositions; Waterfalls, Sales Promotes

Coordinating Big 4 Audits: US GAAP, IFRS, Shari’ah compliance, Agreed Upon Procedures: managing costs, timelines

Worked closely with Tax Department on 1031 issues, K-1’s, distributions, debt forgiveness, Use Tax issues, and reducing overall tax burden

Achievement – received special bonus from Tax Director for accomplishments in reducing taxes

Managing IT – accounting software upgrades, enhancements, training for staff

Motivating employees in tough economic environment - lead to exceptionally low turnover

Job Cost Tracking for Projects such as Capital Jobs, Construction Management Jobs, Land Development Jobs


oAutomated monthly reporting processes & eliminated costs of contractors and errors. Reports became institutional quality in appearance

oCost savings initiatives

oForensic Accounting: top to bottom clean up of two prior poor G/L system conversions. Managed the project team that reconciled and corrected over 100 Intercompany and Equity / Investment In imbalances

oSimplified banking structure & eliminated commingling of funds. Implemented Check verification system on 80 bank accounts to prevent check fraud

oReduced routine errors by implementing a system of monthly peer review of each other’s work which also improved cross training, motivation and controls

AIMCO - Fortune 1000 company in 2006 & Largest US Multifamily REIT with 250,000 units; 6,000 employees

Manager of Accounting - 3/2006 to 10/2008

Managing the accounting for the disposition of multifamily housing properties (disposed over $1 billion, annually)

Coordination for Acquisitions, Tenders, Mergers, and 1031 exchanges.

Communication of important data for SEC Reporting related to Cash, Special Income, Gain on Sale

Monthly and Quarterly close processes: entries, reports, lists, rollforwards, variance analysis

Impairment Analysis of 1200 properties (quarterly & yearly review and related entries)

Other processes related to Dispositions (analysis & production of sales models, Promotes, Commissions, Goodwill)

Accomplishment – Developed system to ensure that all models tie to the ledger, thereby eliminating errors and audit issues

GMAC / CapMark - Real Estate Investment Banking division; lender on large real estate projects & owner of select real estate assets; #3 on the Fortune 500 list in 2005 (part of General Motors)

Assistant Vice President of Budgeting & Forecasting / Asst Controller - 2/2005 to 3/2006

Performed Modeling and Forecasting related to GMAC’s Real Estate Investment Banking loan origination and proprietary trading desk operations

Monthly Close process (standard close was Noon on the 2nd business day)

Preparing weekly P&L forecasts for 40 departments

Investigating & explaining variances for actuals vs. forecast

Preparing yearly budget - collaborating with each of 40 department heads to produce a final budget

Accomplishment - produced a new dynamic model with all of the drivers and assumptions for each group’s revenue & expenses, a major enhancement in predicting future outcomes (shock and sensitivity analyses)

Supporting the Warehouse and Cold Storage Division’s activity

Booking entries for all real estate acquisitions and dispositions ($260 million in 2005)

Facilitating the payment of interest on loans, and receipt of rent

Great West Life - Large Health Insurance Company (later bought by Cigna); 3000 employees

Assistant Manager Financial Analysis - 2/2002 to 2/2005

Monitoring and reporting on the operations, billing and administration of 20,000 group health insurance plans

Supervised a team of three responsible for Accounts Receivable and Allowance reporting and analysis

Accomplishment - Dramatically reduced on-going systems exceptions by implementing permanent solutions.

Aided in G/L systems conversion to SAP

Implementing processes that affected operational improvements

Achievement – Earned 2 promotions in 3 years.


Essbase, Hyperion, Sage Intacct, PeopleSoft, SAP, Yardi, Argus, Epicor, Excel, Access, Word, PowerPoint, others.


Golfing; Triathlons; Reading; Skiing; Hockey, Performing Improv – graduate of Bovine Metropolis Theater, Denver CO.

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