Prior CFO
Resume:
Current Principal at Banking & Finance
Past Senior Vice President/ Chief Financial Officer at Stanford Federal Credit Union
Chief Financial Officer at Stanford Federal Credit Union
Senior Vice President/ Chief Financial Officer at Sentinel Community Bank
Education MBA Studies at Herriott-Watt University and London School of Economics
Columbus University
The Institute for Financial Education, Chicago, IL
Recommendations 21 people have recommended Mark L.
Connections 500+ connections
Public Profilehttp://www.linkedin.com/pub/mark-l-lovewell/8/22a/2a0
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Experience: Over 25 years financial management experience in Consumer and Commercial banking. Most recently held an executive position as Senior Vice President & Chief Financial Officer of Stanford (University) Federal Credit Union with over $1.2 billion in assets located in Palo Alto, California.
Extensive experience in strategic planning; implementation of branch development and acquisitions, GAAP Accounting, Asset/liability management, commercial loan syndication, financial planning and budgeting, capital planning, M&A analysis and investor relations. Member of Commercial Loan Committee, ALCO; Internal Asset Review (loan and securities asset quality); Budget; Audit; Branching; Secondary Capital leveraging strategies, and New Products.
SpecialtiesStrategic planning and implementation, business development, earnings enhancement strategies, investment portfolio management, GAAP Accounting for FIs, market share and product development, enterprise risk analysis, team building, merger and acquisitions, profitability modeling and enhancement, Asset Liability and Credit Risk Management.
Experience
Principal Banking & Finance
Banking industry
May 2011 – Present (4 months)
Currently available for contract work while exploring future full time opportunities. Specialized Bank and Credit Union experience in:
Investment Portfolio Management
Asset Liability Management
Interest Rate and Credit Risk Management
Strategic Growth and Capital Market Planning
Profitability and pricing enhancement strategies
GAAP in Finance and Accounting
Institutional External and Internal Audit Management
Commercial Business Lending
SBA and Government backed loan portfolio management
Due Diligence for Mergers and Acquisitions
Risk Management
Mark L. has 7 recommendations (1 co-worker, 1 client, 5 partners) including:
1st Dan Frilot, Sr. Risk Consultant, Balance Sheet Solutions, LLC
1st John Meeker, SVP/CFO, Caltech Employees Federal Credit Union
Senior Vice President/ Chief Financial Officer Stanford Federal Credit Union
Nonprofit; Banking industry
June 2000 – May 2011 (11 years)
Demonstrated strong leadership by helping to create and implement a Strategic growth plan in 2001 to reach $1 blllion in total assets (3x asset size) the value proposition to SFCU's membership by efficient and profitability asset growth of over $700 million in less than 9 years.
As the CFO and Chief Investment Officer managed a $650 million investment portfolio which out-performed peers by 100 basis points in yield while managing the credit union's interest rate risk at the safest level.
Presented to the board and implemented business banking for the credit union. Developed commercial lending policies, underwriting and risk management guidelines. Project manager for the credit union's business loan and deposit banking division - which included SFCU becoming an approved SBA lender.
Co-Chair of SFCU's Member Business Loan Committee, Asset Liability Committee (ALCO), Chief Investment Officer of the Investment Committee, and Internal Asset Review Committee (including credit risk management).
As CFO, I have had the opportunity given to be a lead contributor to the development of a larger book of business of lending and deposit products with implementation strategies in an expanded field of membership using growth strategies and improved operational efficiencies resulting in financial operating performance rated above peer groups.
During my tenure as CFO, the institution has been among the highest rated for safety and soundness, particularly in areas of managing interest rate risk and asset quality, internal controls, capital growth and profitability.
In addition to the responsibilities previously noted, my office managed of regulatory examinations, Audits, internal controls, financial statement preparation and overall enterprise risk management.
Chief Financial Officer Stanford Federal Credit Union
Nonprofit; Banking industry
May 2000 – May 2011 (11 years 1 month)
Executive Committee: Investment Portfolio Management, Enterprise, Interest Rate and Credit Risk Management, ALM, Strategic Planning, Commercial Loan Committee.
Mark L. has 12 recommendations (12 partners) including:
1st Brad Cunningham, Vice President, Financial Consulting Services, WesCorp
1st Michael Delucchi, Senior Manager - FI Consulting, Moss Adams LLP
Senior Vice President/ Chief Financial Officer Sentinel Community Bank
Banking industry
July 1996 – May 2000 (3 years 11 months)
Strategic Planning, Budget, Earnings Strategies Presentations to Board of Directors. Co-Chaired Asset Liability Committee (ALCO) member for Risk Management; CRE, residential loan and deposit pricing.
Responsible for providing Asset Liability Management and Profitability Analysis for committee members.Commercial Credit and Internal Asset Review (IAR) Committee member, responsible for approving commercial and business loans; evaluating credit risk and loan loss reserve calculations of residential, consumer and commercial loan portfolio including loan and OREO asset work out plans.
Developed Allowance for Loan Loss Provision and Internal Asset Review classification revision of policy & procedure.
Development of Overall Risk Management Policy and Procedures for assessing, measuring, controlling and management of interest rate, operational, credit and other risks to the institution.
Management of Securities Investment portfolio. Investment strategy policy & procedure work with President/CEO in approving, managing all investments.
Responsible for all Accounting Staff and Department operations:
Regulatory and GAAP compliance.
Responsible for overseeing all internal audit and Annual Audit engagements, management's analysis of operation summaries for investor relations.
Oversight of Bank's IS/IT Department. Website development on internet, Disaster Recovery & Contingency Planning.
Development of both deposit and loan product profitability models by cost and profit centers for monitoring, measuring and managing general and administrative expenses.
Senior Management team member for branch acquisition and M&A projects.
Mark L. has 2 recommendations (1 co-worker, 1 partner) including:
1st Dwight Johnston, V.P. Economist, WesCorp
1st Rodney Biehl, VP Audit/Compliance, Pulaski Bank
Education
MBA Studies at Herriott-Watt University and London School of Economics MBA Studies at Herritt-Watt University and London School of Economics
1999 – 2001
Extension program
Activities and Societies: MBA Studies at Herritt-Watt University and London School of Economics
Columbus University BS Finance, Finance and Economics
MBA Studies at Herritt-Watt University and London School of Economics
The Institute for Financial Education, Chicago, IL Finance, Economics and Risk Management
Recommendations For Mark L.
Principal Banking & Finance
“Mark is a dynamic leader with an extremely broad range of financial management, business development, and risk management skills. I’ve had the pleasure of working with Mark on a number of different business functions over the past six years while he served at Stanford FCU. Mark has the keen talent of being able to understand very complex financial management concepts and models, apply this working knowledge into practical applications and “best practices” that benefit the organization, and the ability to effectively communicate this knowledge to team members. Mark can add value to any financial services organization.” June 7, 2011
1st Dan Frilot, Sr. Risk Consultant, Balance Sheet Solutions, LLC
was with another company when working with Mark L. at MJL Capital Advisors, LLC
“I've know Mark for several years and have come to respect his in depth knowledge of the industry. Mark has championed strategies that have helped benefit his organization and he would be a valuable asset to any financial organization.” June 1, 2011
1st John Meeker, SVP/CFO, Caltech Employees Federal Credit Union
was with another company when working with Mark L. at MJL Capital Advisors, LLC
“I have known Mark for over ten years as a colleague at mid-size credit unions. I have always appreciated his business advice and have been impressed by his strategies and ideas.
He is one of the sharpest guys I know when it comes to financial management of a depository institution, including all aspects of asset/liability management and investment portfolio management.” May 29, 2011
1st Dean Birge, VP Finance, Santa Clara County Federal Credit Union
was with another company when working with Mark L. at MJL Capital Advisors, LLC
“I met Mark in 2000 when he joined Stanford Federal Credit Union as the CFO. He had knowledge and ability that I hadn't witnessed before in my career.
I quickly learned that Mark is deft and sophisticated in his management of securities and other investments; he is passionate and learned about loans; and he brings much to the table when it comes to governance and administration.
Mark worked with others in the company to create successful new deposit products (new certificates and a high-tier money market account) and lending programs (a very profitable commercial lending arm) that added valuable to our customers and organization.
The most impressive aspect of Mark Lovewell to me is his humanity. Bottom line: He is a great guy. Once about two years ago, Mark and I were competing against one another for a high-ranking position. As luck would have it, I followed him in the interview schedule with the hiring committee. He walked out of the conference room a few minutes before I was supposed to walk in for my meeting. Mark and I greeted one another and exchanged the usual pleasantries. Then, he gave me information about his experience in the room and some pointers to help me relax and prepare for the upcoming discussion.
In a nutshell, Mark is an experienced and very smart executive. And he is a classy and admirable gentleman.” May 28, 2011
1st Sam Tuohey, Chief Operating Officer, Stanford Federal Credit Union
worked directly with Mark L. at MJL Capital Advisors, LLC
“Mark is a very experienced, thought leader, well read, and talented CFO in the Credit Union and Banking industry. He has both the broader strategic view of the industry and very knowledgeable with the details of the institution's products and services, the associated risks, controls, and the financial impact on the institution's financial statements. Enjoyed working in my role as the chair and member of the Supervisory Committee with Mark as the CFO of the Stanford Federal Credit Union. Have worked with Mark for over 10 years, and he is a great colleague, and well respected.” May 28, 2011
1st Desmond Low-Kum, Senior Manager, Operational Risk Management and Compliance, Stanford Management Company
was with another company when working with Mark L. at MJL Capital Advisors, LLC
“My time zone is two hours ahead of Mark's. Quite often he was online before me. Mark has been a valued client for a long time. Has always handled his business with the highest integrity and achieved supeior results for his institution. What more can one ask for? I would highly recommend Mark and am available to answer any questions.” May 27, 2011
Top qualities: Great Results, On Time, High Integrity
1st Joel Banes,
hired Mark L. as a Money Manager in 2011
“I've known Mark for over ten years. He is very competent and is well respected in his field. I would highly recommend him.” May 27, 2011
1st Robert B. Segal, CFA, CEO, Atlantic Capital Strategies, Inc.
was with another company when working with Mark L. at MJL Capital Advisors, LLC
Chief Financial Officer Stanford Federal Credit Union
“I have known Mark Lovewell for six years. Mark’s strongest points are creative problem solving, strategic focus, and the ability to make clean, crisp decisions. He is constantly striving to enhance methods for monitoring and managing risk on the balance sheet. Mark is respected in the credit union industry for his expertise and he also understands and supports his credit union’s objectives. I highly recommend Mark Lovewell. I know him to be a great leader possessing a keen intellect and the ability to assess the “big picture” while maintaining attention to the intricate details of the balance sheet.” December 22, 2009
1st Brad Cunningham, Vice President, Financial Consulting Services, WesCorp
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“Mark is an experienced, professional, and strategic Chief Financial Officer who manages the blance sheet and P&L effeciently for Stanford Federal Credit Union. He was a pleasure to work with and is a definite asset to the institution.” September 21, 2009
1st Michael Delucchi, Senior Manager - FI Consulting, Moss Adams LLP
was with another company when working with Mark L. at Stanford Federal Credit Union
“Mark manages to make great decisions even during challenging times - always well informed and up to date on regulatory, accounting, financial and business issues confronting his institution - he thoughfully keeps his credit union growing and profitable while managing risks carefully” September 15, 2009
1st Peter Cannon, Senior Vice President, Shay Financial Services, Inc.
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“The Financial Managers Society (www.fmsinc.org) is a professional association of CFOs from banks and credit unions. Mark served as a volunteer member of our 17-member Board of Directors for a number of years, and was without a doubt one of our most insightful, involved and creative participants. His greatest strength was his ability to view our issues, and those of our industry, strategically.....the primary role of an association board member, but a role not always understood by other volunteers..
He challenged my thinking, and that of the board as a whole, and his ideas and initiatives benefited the Society tremendously......both short and long term.” September 15, 2009
1st Dick Yingst, President/CEO, Financial Managers Society
was with another company when working with Mark L. at Stanford Federal Credit Union
“I’ve had the pleasure of working with Mark for over seven years. During that time I’ve spent countless hours with both him and his staff. Mark does an outstanding job balancing the day-to-day rigors of running a financial institution while exploring and executing innovative financial market strategies. More importantly, he performs each of these tasks in a thoughtful, fair and concise manner.” September 15, 2009
1st Joe Tignor, Senior Vice Presient, Vining Sparks
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“Mark knows how to manage a financial institution's balance sheet extremely well. He is also very open minded about strategies and their impact on the company. He easy to work with, prompt, and knowledgable.” September 14, 2009
1st Jason Farmer, managing director, Morgan Keegan
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“Mark understands that a successful business is supported by a network of relationships in the market place. He is constantly looking for creative solutions to improve his bottom line. He is open-minded, thoughtful, a great leader and communicator.” September 14, 2009
1st Sara Klawitter, Controller, CKS
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“I had the good fortune to work with Mark several years ago and have no hesitation in recommending as a very effective CFO who can combine the big picture strategy with the small picture detail. He is a good listener, willing to adapt, yet firm in justifying the right thing to do.” September 14, 2009
1st John Cammidge, President, EBOR HR Consulting
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
“To Whom it may Concern;
In my capacity as Internal Audit Manager for RSM McGladrey I had the opportunity to work with Mark many times over the course of eight years. Accordingly I feel that I can offer knowledgeable testimony to Mark's professionalism and character.
Mark is a professional with deep and varied knowledge of the financial service industry. Over the course of many technical conversations it was always clear that Mark knew his business and understood the critical aspects of the matters being discussed. Beyond theoretical knowledge, Mark also understood the practical implications and was able to translate complex issues into workable solutions.
Mark has demonstrated leadership not just on a technical level, but on a personal one as well. Mark has a knack to truely listening, and letting the other person know that they are being heard. He is respected by his peers on both a professional and a personal level. It has been a pleasure working with Mark over the years and I have no hesitation recommending him.” September 14, 2009
1st Page Edwards, Internal Audit Manager, RSM McGladrey, Inc.
was with another company when working with Mark L. at Stanford Federal Credit Union
“Mark is an industry recognized expert on the complex issues confronting top executives in the financial services industry. His exceptional insight on capital, ALCO, investment,liquidity and enterprise risk management strategies are backed up with years of experience serving the industry on both the local and national levels. Trouble navigating today's unchartered waters? Give Mark a call.” September 14, 2009
1st Peter Badger, Managing Director ~ Institutional Funds Management, Sanders Morris Harris
was with another company when working with Mark L. at Stanford Federal Credit Union
“Mark is well respected both at his company and in the banking industry. He has a broad base of experience and is very knowledgeable. Mark displays strong leadership skills and always performs at a high level. Many of the achievements at his company are the result of Mark's efforts.” September 13, 2009
1st Robert B. Segal, CFA, CEO, Atlantic Capital Strategies, Inc.
was with another company when working with Mark L. at Stanford Federal Credit Union
“Mark is a seasoned professional with vast knowledge and experience across the financial markets. He is valuable asset for any organization.” September 12, 2009
1st John Lau, Manager, Capital Markets, WesCorp
was a consultant or contractor to Mark L. at Stanford Federal Credit Union
Senior Vice President/ Chief Financial Officer Sentinel Community Bank
“I have known Mark during his association with Stanford Credit Union. Mark always exhibited great curiousty and knowledge about the economy. He was always very open to discussion regarding different points of view. He was also held in high regard for his finanical acumen in directing the activities of his credit union as CFO. I believe Mark would make a great addition to the staff of a financial institution.” October 8, 2009
1st Dwight Johnston, V.P. Economist, WesCorp
was with another company when working with Mark L. at Sentinel Community Bank
“Mark and I were Board members of the Financial Manager's Society which is a national non profit group to assist Bank Financial Managers with resources to do their job more efficiently. I worked with Mark on this Board for over 4 years and his participation was active as well as volunteered on several action committees.” October 7, 2009
1st Rodney Biehl, VP Audit/Compliance, Pulaski Bank
worked directly with Mark L. at Sentinel Community Bank
Additional Information
Interests:Travel, Music, Guitar, Hiking and Sailing.
Groups and Associations:California CPA Society (Associate Member)m Board of Director of Financial Managers Society (FMS), Credit Union National Association CFO Council, Credit Union Executive Society (CUES), California Society of CPAs, Commonwealth Club, Churchill Club, RMA, Local business groups.
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