Steven M. Akre<br />4038 230th Pl SE<br />Sammamish, WA 98075<br />Home Phone (425) 313-0541<br />Cell (425) 533-7831<br />“Somebody once said that in looking for people to hire, you look for three qualities: integrity, intelligence and energy. And if they don’t have the first, the other two will kill you” – Warren Buffet – Feb 1994<br />
OBJECTIVE<br />Seasoned finance & accounting professional looking to bring my integrity, experience, and energy to a smaller technology based company or large corporate environment as a Senior Manager<br />“Choose a job you love and you will never have to work a day in your life” - Confucious<br />View complete resumeas a Word document<br />
SUMMARY of QUALIFICATIONS<br />Driven, dedicated and results oriented finance & accounting professional with 20 years of broad and diverse experience in finance & treasury operations, annual planning, capital budgeting, accounting, management reporting and business analytics, within small, mid-size and large companies. <br />Possess a special balance of top notch analytical skills, excellent business acumen and strong communication skills. <br />View complete resumeas a Word document<br />
Areas of Expertise<br /><ul><li>Efficiently leading and enhancing budgeting & forecasting processes for large & small organizations
Presenting key financial and strategic information to Executives and Senior Management
Implementing system driven management & business analytics reporting and improvements
Complex financial, operational and quantitative modeling & analysis
Documenting, streamlining and improving key finance, budgeting, forecasting, and Accounting processes (Bronze certified OpEx)
Identifying and implementing cost reduction, and process improvements to result in bottom line savings</li></li></ul><li>Experience<br />Senior Finance Manager – Treasury GroupMay 2006 – January 2009<br />Led the overall development, loading & accuracy of $70M operating expense & capital budget for 200+ person Treasury organization responsible for providing funding and cash management for the largest Thrift in the USA. <br /><ul><li>Coordinated and led regular monthly business reviews with senior management and department managers identifying risks and opportunities to budget targets and corporate goals
Core member of technology roadmap team tasked with identifying and implementing technology improvements for wire room, investment accounting and ALM (QRM, Summit, Intrader and TPG systems enhancements)
Through proactive and detailed G/L & invoice research, identified and corrected accounting, tax, and capitalization errors that resulted in saving over $10M of non-FTE related operating expenses. Including identifying overstated B&O tax receipts ($1M) improperly expensed funding deal costs ($5M), ($1M) of improperly expensed contractor project expense, and over $100K of vendor overcharging via duplicate invoicing.
Exceeded Corporate Finance’s SRF accuracy goal of 95% for the monthly Short Range forecast process in 2007 and 2008
Forecasted Treasury Segment balance including all planned debt issuances/retirement (senior & subor), Brokered CD’s, FHLB adv/div, BOLI Income, Covered bonds, income from AFS Securities Portfolio, and cash balances. - $115B balance sheet
Bank’s In –House expert on FDIC insurance fees. Developed & rolled out enterprise-wide forecasting model for FDIC (DIF/FICO) insurance expense with an annual cost of ~ $40 - $80M. Coordinated segment planning and monthly accruals to ensure enterprise wide accuracy and reporting to FDIC.
Oversaw the budgeting process and provided guidance to the dept level budget managers on procedures, policies and compliance</li></li></ul><li>Experience<br />Finance Manager – Corporate Property Services June 2001 – May 2006<br />Managed enterprise wide annual occupancy budget totaling $830M+ on a 25M sq ft retail and commercial real estate portfolio. Included managing the occupancy budget system, budget process improvements, and issue resolution<br /><ul><li>Led end-to-end process improvement team (OpEx team) that resulted in comprehensively documenting the budgeting process (inc. Visio) and introduced several improvements that: saved time, improved accuracy, and greatly enhanced reporting & analysis of chargebacks, new markets, and lease terminations. Decreased annual planning cycle period by 25%
Ended the 2004 fiscal year with a 98% budget accuracy on a $630M direct expense occupancy budget
Developed and implemented an automated data upload process to bring building Square Footage into a new non-financial data dimension in Hyperion allowing for detailed analysis/reporting and simplified CPSF internal benchmarking
Designed and implemented a unique budget coding matrix for lease terminations that allowed for system based reporting and analysis that allowed for greatly enhanced cost save tracking of planned facility closures.
Worked closely with all groups in CPS including Facilities Asset Management, Lease Administration, Real Estate Delivery, and Portfolio Mgmt to identify, implement and report cost abatement and reduction opportunities.. These efforts reduced utility and contract services expenses by over $3M in 2004 & 2005
Designed and implemented an improved methodology for corporate allocations of over $250M of occupancy expense to segments including an improved chargeback rate calculation model and web based chargeback look-up tool
Managed a team of 1 to 2 analysts, responsible for their career development plans, annual performance reviews and recommended salary adjustments </li></li></ul><li>Experience<br />Financial Planning & Analysis Manager/Asst. Treasurer<br />eCharge Corporation - Seattle, WA May 1999 – January 2001<br />Managed all facets of the financial modeling and analysis for Internet Payment and ecommerce technology startup – 200+ employees in Seattle, Vancouver and Tokyo <br /><ul><li>Integral member of senior finance team. Worked closely with investment bankers & investors to facilitate 3 funding rounds that raised over $75M
Created and maintained comprehensive corporate model of multinational startup with planned revenues of $750M
Authored and presented to senior management the Merchant Chargebacks policies and procedures manual
Responsible for wire functions, weekly/monthly cash forecasts, bank reconciliations and POC for banking relationships Performed bulk of investor relations function, managed relationship with Stock Transfer agent (Mellon Bank). Helped organize/plan annual shareholder meeting</li></ul>eCharge was an online payments solution system developer, integrator and provider targeting business-to-business (“B2B”), business-to-consumer (“B2C”), and consumer-to-consumer (“C2C”) transactions. eCharge products enabled a fraud-free, low cost, Internet purchase of a product or service by providing secure, scalable, and convenient payment solutions on behalf of business, merchant, and consumer users of eCommerce<br />
Experience<br />Senior Consultant - Moss Adams Advisory Services March 1993 – May 1999<br />Directed the firm’s financial management software division with annual revenues of $150K+. Profit Mentor and WinCredit. products were targeted at small business owners, and community banks/credit unions (credit analysis tool). <br />Led the firm’s Industry Benchmark Study program with annual fees of $250K and 15+ clients. Responsible for all aspects of client relationships and developing new business opportunities. Increased billable fees by over 100% in 3 years<br /> <br /><ul><li>Worked with numerous small business clients on CFO to Go engagements. Consulted on strategic & operating plans, and converting them to detailed financial plans. Developed comprehensive financial models that projected their P/L, Balance sheet and cash flows. Highlighted funding requirements, sustainable growth rates, and provided detail financial ratio analysis using industry specific benchmarks.
Authored and published over 30 detailed financial, operational and compensation benchmark studies for clients including, Hallmark Cards, Shell Oil Co, Goodyear Tire, PPG (Pittsburgh Plate &Glass) IAFP Broker/Dealer Division, International Marina Institute, AFA, ICPA, AWI, SMACNA and The Pankey Institute. Awarded “Best Presenter” of the 1996 ICPA annual convention.
Closed the largest sale of WinCredit to Banco Poplar in Puerto Rico totaling $35,000 or 35 user’s license.
Spearheaded development and release of customized versions of Profit Mentor targeted to firm’s niche practices in Construction, Health Care and Banking industries.
Paid instructor for firms Profit Mentor software product including a training workshop for 25 New York State SBA Advisors</li></li></ul><li>EDUCATION<br />Masters of Business Administration - Emphasis in Corporate Finance – Deans List<br />Bachelor of Arts - Business Administration - Presidents List <br />Associate of Arts & Sciences – Shoreline Community College<br />Farmers Group Insurance Scholarship <br />Danish Brotherhood of America Scholarship <br />View complete resumeas a Word document<br />
Systems Experience<br />Systems Experience<br />Highly proficient in Microsoft Excel, Word, PowerPoint, Access, Outlook, Projects, Mekko Graphics, Business Objects, Hyperion Planning & Essbase. Knowledgeable with Cognos Planning/Contributor,QuickBooks, Adaytum, Bricsnet, Intrader, Summit, Virtual Premise, FIS, MAS 90, and JD Edwards.<br />Professional and Community Associations<br />PSIA certified ski instructor – member PSIA NW<br />Treasurer/Church Council member – Shepherd of the Hills Lutheran Church, Sammamish, WA<br />Board of Directors/Treasurer– Yacinde Condominium Association – Wapato Point Resort, Manson, WA<br />Regular volunteer for Operation Night Watch (shelter for the homeless) – Seattle, WA<br />View complete resumeas a Word document<br />