David A. Simmons, CPA

adrtu6@r.postjobfree.com • 303-***-****

https://www.linkedin.com/in/david-a-simmons/

Dallas, Texas, US

Chief Financial & Accounting Officer

Accomplished and business-savvy professional with more than twenty years of experience ensuring business success and growth by leading end-to-end accounting and finance operations.

Expert in executing the company’s financial strategy and developing plans for growth to increase company profit while also reducing expenditure. Curious, pro-active, and business-minded C-Level executive; skilled in evaluating the company’s financial practices and developing robust systems for the forecasted growth. Adept at providing financial analysis and guidance on all activities, plans, targets and business drivers. Ability to develop a deep understanding of the business and related finance, control, and accounting issues. Proficient in overseeing all areas of accounting, both technical and operational requirements, consolidations, and transactional accounting. Excellent understanding of budgeting and forecasting, planning and monitoring, financial modeling, and variance analysis.

Areas of Expertise

Leadership & Team Development

Acquisition Integration

Due Diligence

Audit Management

Financial Systems Administration

Strategic Planning & Analysis

Treasury & Cash Management

Financial Modeling & Forecasting

Project Management

Process Improvement

Financial Reporting & Analysis

Cost Control & Reduction

Technical Accounting

SOX Controls & Compliance

SEC Reporting

Career Experience

Mr. Cooper Group Inc. (COOP: NASDAQ) 2019 – 2022

Senior Vice President, Corporate Controller

Led all operations associated with corporate accounting and consolidation, validation and analysis of operational segment accounting results, and significant transaction accounting and reporting. Managed financial and accounting processes, including the administration of all financial systems. Ensured efficient capital allocation, better governance, higher investment and growth, and risk-sharing through financial integration.

Obtained $1 million reduction in audit fees and corporate staffing following enhanced and accelerated accounting close (33% improvement) through process improvements, task prioritization, control environment enhancements, and staffing reorganization.

Ensured $4 million reduction in potential escheatment funds, fines, and penalties resulting from process and policy enhancements.

Saved $15 million across acquisitions and divestitures resulting from due diligence and departmental coordination.

Improved and clarified footnotes and MD&A sections of quarterly and annual financial statement SEC filings that supported 105% stock price appreciation and more than $1.1 billion in market capitalization in second year.

Reduced aging reconciling items by more than 50% by staff training and revising and enhancing accounting reconciliation policies, procedures, and reporting.

Enhanced monthly close tracking, reconciliation certification, escheatment processes, matching high transaction volume accounts, and lease accounting by implementing software tools.

Optimized business efficiency by managing, hiring, reorganizing, and developing multiple teams, including 6 direct reports and 45 total reports.

Pacific Union Financial, LLC (acquired by Mr. Cooper Group on February 1, 2019) 2012 – 2019

Executive Vice President, Finance & Accounting

Spearheaded all operations associated with accounting, treasury, vendor management, internal & external financial reporting, project management, compensation, and payroll. Steered and coordinated departmental hiring, training and mentoring during extensive company expansion from 300 employees supporting $3 billion in annual loan production to more than 1,700 employees supporting $18 billion in annual loan production and $25 billion in retained servicing. Streamlined monthly executive financial review and drove business improvement by enhancing management financial reporting. Established market-competitive compensation policy and administration practices for sales, operations, servicing, and corporate divisions. Decreased accounting close process from twenty to five business days (75% improvement) through various process improvements, system integrations, employee training, and goal setting. Designed, implemented, and monitored the effectiveness of SOX compliant internal controls over accounting and financial reporting. Effectively reported financial results of all business segments, including correspondent, retail, wholesale, and servicing. Standardized project planning toolkits, project artifacts, and reporting by implementing new software tools and restructuring project management group into portfolio teams.

Saved $2 million annual interest on revolving debt due to re-negotiated terms and expansion of counterparties.

Created and oversaw capital markets middle office function monitoring financial controls and results between capital markets, accounting, and finance that resulted in $1 million to $3 million annual savings.

Economized $0.5 million annual interest on revolving credit lines through development and monitoring of daily rolling 30-day cash forecasts.

Ensured $2 million savings by identifying pricing policy exceptions and actively monitoring targeted reporting.

Secured $1 million annually from selection, implementation, and integration of key financial software solutions.

Met corporate strategic objectives by transitioning external audit and tax advisory services to larger and more experienced firms. Directed all aspects of engagements and formulated all financial statements and disclosures.

Increased project success and communication by emphasizing business partner ownership and accountability of projects.

WJ Bradley Mortgage Capital, LLC 2010 – 2012

Senior Vice President, Controller

Led and managed all accounting and financial reporting operations. Established and monitored corporate financial policies, monthly close of more than fifty-five discrete branches and six legal entities. Coordinated all external audits and tax preparation. Effectively reported detailed (transaction level) financial statements to more than fifty-five retail branch groups by developing a dramatically accelerated close process. Optimized services provided through education of business practices and growth plans.

Recovered $2 million branch operating losses by reducing expenses.

Accelerated accounting close process from twelve to five business days (58% improvement) to effectively report financial results and drive critical business decisions.

Overcame significant mistrust of the accuracy and completeness of financial information provided to branches due to historical performance of previous teams.

Redesigned economic deal structures of branches to accurately account for and report financial information through constant communication with various corporate functions and process evaluation and modification.

Facilitated a change in the firm providing external audit and tax advisory services. Supported audit and tax preparation by developing more efficient processes and enhanced reporting.

Additional Experience

Controller Hudson Advisors LP, 2009

Controller Highland Capital Management LP, 2007 – 2009

First Vice President, Technical Accounting Countrywide Financial Corp. (CFC: NYSE), 2005 – 2007

Vice President and Director of Accounting (Assistant Controller) First Horizon National Corp., subsidiary of First Tennessee National Corporation (FTN: NYSE), 2002 – 2005

Senior Associate Auditor Ernst & Young, LLP/Arthur Andersen, LLP, 1998 – 2002

Education

Master of Accountancy, Professional Accountancy

Brigham Young University, Provo, Utah

BS, Accounting

Brigham Young University, Provo, Utah

Certifications

Certified Public Accountant, Texas

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