Chief Financial Officer
Resume:
Michael Jones
Redondo Beach, CA *****
adowfa@r.postjobfree.com
EXECUTIVE SUMMARY
Senior finance and operations leader with 25 years’ experience spanning the development of start-up companies to managing multibillion-dollar operations through high growth and down-market cycles. Financial and operational process improvement experience driving increased sales and decreased loan manufacturing cost. Extensive knowledge of the latest real estate lending best practices regarding operational efficiencies, capital markets, activity- based costing, loan level accounting and FP&A/business intelligence as well as in-depth knowledge of mergers and acquisitions to drive sales and revenues. Experience successfully developing, leading and mentoring diverse groups of professionals in accounting, finance, capital markets, HR and IT. Expertise partnering with all levels of an organization, including executive management, to develop and drive strategic initiatives. Effective in working with investors, Board of Directors and bank groups to convey results and strategies and manage relationships. PROFESSIONAL EXPERIENCE
Director, Housing Finance
2016 – Present
DOOR USA, Los Angeles, CA
• DOOR USA is a FinTech company which has developed a new instrument to finance home ownership.
• Advise on capital planning, business development, operations and technology development.
• Work with engineers to develop key components of the instrument to meet market demands. Chief Financial Officer
2019 – 2020
CA Holding Company II, LLC, Irvine, CA
• CA is a B2B services provider in the mortgage industry serving originators, servicers and capital markets. Backed by a group of private equity firms. Manage accounting, FP&A, tax, treasury and loan funding, capital markets and IT.
• Managed acquisitions and integrations. Successfully acquired and integrated major acquisitions in REO and real estate management in four months doubling the size of the company.
• Developed and implemented capacity plans, forecasting and budgets to start new business segments and expand service offering. Started new business segment doubling EBITDA margin.
• Built accounting, treasury and capital markets policies and controls, financial reporting and budgeting, regulatory and investor reporting, management reporting, and KPI’s/business intelligence.
• Built the finance function, including margin management and daily cash flow forecasting. Deployed Sage. Chief Financial Officer
2016 – 2019
Southwest Stage Funding, LLC, dba Cascade Financial, Chandler, AZ
• Retail chattel and mortgage lender and servicer owned by $30 billion Private Equity company.
• Developed and implemented risk analytics and management capabilities, capacity plans, forecasting and budgets to launch new products and processes for asset lending, securitizations and servicing.
• Revised and enhanced accounting, treasury and capital markets policies and controls, financial reporting and budgeting, regulatory and investor reporting, management reporting, and KPI’s/business intelligence.
• Built the capital markets and cash management function, including margin management and daily cash flow forecasting.
• Successfully managed rating agency approvals for third party servicing and securitization of originations.
• Optimized and scaled processes, systems and personnel. Implemented RPA (Robotic Process Automation) in various areas of operations.
• Managed IT operations including implementation of new LOS (Encompass) and servicing system (Loaner). Managed build of business intelligence infrastructure including data warehouse and use of data lakes for machine learning.
Michael Jones
Redondo Beach, CA 90278
adowfa@r.postjobfree.com
Chief Financial Officer
2016 – 2017
E-Qualify / Clara Lending, New York, NY/San Francisco, CA
• Venture Capital backed FinTech company in the mortgage industry.
• Developed and implemented strategic plans to organically grow mortgage originations and support product development and engineering, including retail and broker portal development.
• Developed and implemented corporate policies and controls, financial reporting and budgeting, warehouse lending, investor reporting, management reporting, and business intelligence.
• Built and implemented the capital markets, treasury, loan funding and cash management functions. Chief Financial Officer
2015 – 2016
Home Point Financial, Ann Arbor, MI
• Private Equity owned retail and wholesale mortgage bank.
• Led the acquisition and due diligence for retail branch acquisitions adding over $1 billion in annual originations. Instrumental in restructuring and expanding both the wholesale and retail origination channels.
• Designed and built profit contribution reporting down to the LO level and new detailed cost center P&L reporting.
• Led the development and implementation of financial forecasting, budgeting, Business Intelligence system, and LOS/operational reporting systems.
• Expertise in complex accounting interpretations and applications, such as hedge accounting, SOP 03-3, FAS 133, FAS 140, FAS 157, etc.
• Managed accounting, treasury, including warehouse lines and cash management, financial reporting, business intelligence, secondary marketing, servicing, post-closing, risk, tax, and audit functions. Chief Financial Officer
2011 – 2015
United Wholesale Mortgage and IMBs, Troy, MI
• Private investor backed independent mortgage banks specializing in consumer direct, distributed retail and wholesale lending.
• Worked with IT to design and develop new broker portal and integrate with loan operations and funding.
• Built new compensation plans to align incentives and provide competitive structures to enhance recruiting.
• Developed and implemented five-year strategic plans and acquired warehouse lending space to support growth.
• Led the application process and set-up of FNMA, FHLMC and GNMA after approvals, in addition to on- going servicing management. Built-out capital markets and improved margin management and risk management process.
Chief Financial Officer
2009 – 2011
Mortgage Assurance Corporation, Madison, WI
• Investor backed mortgage insurance company.
• As a founding member of management, I took this company from start-up through final business development and asset sale.
• Helped facilitate $7 million seed capital raise to develop proprietary systems and infrastructure.
• Prepared CIM’s, PPM’s and successfully led the finance and strategic presentations on road shows for over 200 private equity and institutional investors to raise over $500 million in commitments. Michael Jones
Redondo Beach, CA 90278
adowfa@r.postjobfree.com
Chief Financial Officer
2006 – 2009
SquareTwo Financial, Denver, CO
• Private Equity owned specialty servicing company.
• Built a world-class financial analytics, accounting and reporting to drive and control rapid growth.
• Increased adjusted EBITDA from $40 million to over $350 million and led the pricing and acquisition of over
$8 billion in portfolio purchases.
SVP Finance
2002 – 2006
Lehman Brothers Bank, New York, NY
• Managed the financial and operational reporting, Asset/Liability management, budgeting, risk analysis and MIS for the Bank and the Global Mortgage Capital division including mortgage originations and servicing.
• Led the acquisition and merger of six origination companies including servicing operations. Developed all financial modeling for pro-forma and capacity plans for operational integrations and growth. Supported and enabled profitable hyper growth in originations from $4 billion to over $50 billion within three years. VP Financial Analytics
1994 – 2002
Wells Fargo Home Mortgage, West Des Moines, IA/Carlsbad, CA EDUCATION / CERTIFICATION
CFA Institute
Chartered Financial Analyst (CFA)
University of Iowa, Iowa City, IA
M.B.A., Finance and Economics
Drake University, Des Moines, IA
B.S.B.A., Accounting and Finance
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