Management Accounting

Charles L. Kudia, CPA

***** ******* **** ● Oak Lawn, IL 60453 ● Cell: 224-***-**** ● E-mail: ******@***.***

Financial Services Professional ● Corporate Controller

Dynamic and results orientated Financial Services Professional with over twenty-five years experience, veteran in the management and integration of large and small organizations and their core accounting processes. In depth knowledge of the financial services sector with a unique comprehension of retail and commercial banking, mortgage banking operations and special purpose finance companies. Accomplished in the preparation and presentation of timely consolidated financial statements, including footnote disclosures, management and regulatory reporting and complex analyses to senior audiences, including the Board of Directors and Shareholders. Proven people, process and project leader. Reputation for improving the efficiency, effectiveness, timeliness and accuracy of finance and accounting operations through the application of technology and by recruiting, motivating and coaching a high performance team.

Areas of Expertise

Financial Research & Analysis/GAAP Strategic & Financial Planning

Executive Leadership & Supervision Process & Procedure Efficiencies

Mergers and Acquisitions Audit Planning & Management

SEC Reporting Governmental Compliance

Yearly/Quarterly/Monthly Closings Project Management

Asset Disposition & Management Technology Infrastructure & Data

Career Progression

Federal Deposit Insurance Corporation (FDIC), Chicago, IL

The FDIC is an independent agency created by the Congress to maintain stability and public confidence in the nation's financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.

Resolutions & Receiverships Specialist, 2010 to Present

Recruited by the FDIC as Resolutions and Receiverships Specialist, an integral participant in financial institution closings, responsible for various tasks including, but not limited to, Accounting, Settlements, the Personnel/Payroll and Employee Benefits manager functions.

• Researched and obtained an in-depth understanding of ERISA, federal tax rules, federal labor and discrimination laws, and state laws affecting employee benefit plans.

• Defined, developed and standardized the FDIC as Receiver’s Payroll and Employee Benefits Policy and Procedure requirements. The processes monitor and assure compliance with stated FDIC directives, policies, IRS rules and regulations and US laws.

• Synchronized activities with an Assuming Institution (Bank) and lead group meetings to address specific roles and responsibilities during the closing weekend.

• Manage and guide “All Employee” meetings for the employees of a failed bank. Assure the meetings are planned and handled with great care, sensitivity, and understanding towards the employees.

• Responsible for the termination of over sixty Welfare and Retirement Plans (health/medical, 401(k), other plans), over the past twelve months, while providing continuous alternative health care coverage to eligible bank employees.

PLS Financial Services, Chicago, IL

PLS Financial Services owns and manages a diverse group of more than 400 retail financial services stores and employs more than 3,000 individuals. The company’s divisions include lending, check cashing, tax services and real estate. PLS is among the largest networks of retail financial service providers with operating locations throughout the United States.

Corporate Controller, 2005 to 2010

Responsible for the overall financial operation of the company as well as the Accounting and Reporting, Payroll, Budgeting, Tax and Audit departments. Success was achieved by building strong relationships and enthusiastically mentoring and developing a professional staff of 53 individuals.

• Led a cross functional team which was successful in reducing the time required for the monthly financial closing cycle from twenty days to three days, greatly improving the availability of accurate and timely financial information.

• Took the initiative to identify and lead the team, which installed a quasi real time financial consolidation and closing system utilizing seamless transaction interfacing into the general ledger and automatic balance sheet account reconciliations, an initiative that was a prerequisite for reducing the time required for the monthly close cycle.

• Instituted the first annual budget. Coordinated the budgeting process among all divisions and Senior Management and implemented weekly forecasting of financial results versus the budget.

• During the first year simultaneously assumed the responsibilities of HR Manager. During that time, introduced cost effective incentive compensation packages and benefits for all employees.

• Successfully developed a Standard Chart of Accounts, which was integral in the integration of 150 acquired stores and the timely preparation of the consolidated financial statements. The standard account number distinguished legal entity, division, business unit/store, inter-company accounts and established uniform natural accounts for comparative reporting.

• Established beneficial partnerships between the Operations and Finance Departments. These associations led to an improvement in communications and efficiencies between the previously autonomous areas.

• Developed methodologies and established procedures to minimize federal and state tax liabilities and assure that the tax returns were filed accurately by the initial due date.

• Implemented a payroll “hand punch” time clock system for all hourly employees and out of necessity became well versed in the workings of the ADP payroll service software.

• Formulated and implemented accounting policies and procedures to comply with the requirements of existing and new GAAP standards and regulatory pronouncements.

• Prepared and issued seventeen annual reports and footnote disclosures while coordinating all the required activities with the public accounting firm for the annual audit of those reports.

Guggenheim Capital, LLC, Chicago, IL

Guggenheim Capital, LLC is a diversified financial services firm focusing on high growth businesses that are complementary to each other. The company's services include asset securitization, structured finance, investment advisory and management, marketing and distribution, and capital investment.

Director of Financial Accounting, 1998 to 2005

Managed the Financial Accounting Department consisting of eleven professionals. Responsibilities included Acquisition Integration, Project Management, General Accounting, Month-end Closings and Consolidations for over fifty individual legal entities with total assets in excess of $25 billion. Provided leadership for the Department's process improvement initiatives while coordinating and overseeing integration of the finance processes of acquired companies.

• Implemented procedures and designed required documentation for the adoption of FAS 133, Accounting for Derivative Instruments and Hedging Activities, FAS 141, Business Combinations and FAS 142, Goodwill and Other Intangible Assets.

• Managed and coordinated the integration of accounting operations and conversion of financial systems of twelve acquired companies in four states and two foreign countries.

ABN AMRO North America, Chicago, IL

ABN AMRO North America is the bank holding company for LaSalle Bank in Chicago and for Standard Federal Bank in Michigan and is the $200 billion asset banking subsidiary of ABN AMRO NV, one of the world's largest bank holding companies. The North American staff consists of more than 20,000 employees who provide commercial, retail and trust services.

Vice President of Finance, 1989 to 1998

Managed a staff of 28 employees responsible for the management, operation and control of the ongoing accounting, servicing, and reporting process for investments, loans (mortgage, commercial and construction), real estate owned and borrowings with a total value of more than $15 billion.

• Developed and implemented a program to verify and insure that interest rate changes on over 50 thousand ARM loans, being serviced by over 200 different third party companies were adjusted in accordance with the loan documentation and servicing agreements.

Federal Savings and Loan Insurance Corporation, Chicago, IL

Prior to its acquisition by the FDIC, the FSLIC was the insurer of deposits in savings and loans. During the 1980's the FSLIC had five regional operation and liquidation offices, each handling the liquidation and sale of assets on behalf of over thirty failed savings and loans.

Regional Office Corporate Controller, 1981 to 1989

Supervised a staff of 42 individuals in the financial, accounting, auditing and data processing departments. Primary responsibility for the management, operation and liquidation of 32 failed savings and loans. Also, served as a member of the Operation and Liquidation Steering Committee.

• Maintained accurate records and efficient operations under pressure situations, while adapting to sudden and frequent changes in policy during the 1980’s Savings and Loan Crisis.

Education: DePaul University, Chicago, IL

Bachelor of Science-Accounting and Financial Management

Computer Skills: Great Plains; FRX Report Designer; Microsoft Office Excel, Word, Access and

PowerPoint.

Other: Boy Scouts of America

Eagle Scout

Cub Master, Pack 4104 Saint Linus Parish

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