Introducing SeelGroup LLC to New Clients
Relocated from Kentuckiana to the Treasure Coast, experience since 1987 in business working with senior leadership teams and as many as 17 direct reports as follows:
With the CEO
- Work with Board to create new or tweak strategic visioning
- Serve as an executive coach to you and/or your senior team, Work to re-brand the company or business line, Work to create balance of accountabilities between CEO and the board as do not wish board to either micro- or macro-manage
- Align board governance with policy and internal controls across the entire organization from:
- ByLaws to
- Board Minutes to
- Written Policies to
- Best Practices to
- Managing board involvement in daily operations
- Move Vision down to:
- Mission down to
- Annual Goals down to
- Business Line Goals down to
- All job descriptions
- Serve to establish the scope of mergers, acquisitions, and workouts, and then lead the staff to do the work
- Design dashboard for the CEO to share with the Board at every meeting outlining progress on annual goals
- Write policies and best practices for HR, IT, general operating, finance, and investments
With the COO
- Part of team to increase growing budget by over 5 times sustainably, increase staffing almost 3 times,
and leverage impact by 10 times over six-year period during the worst economic downturn since 1929
- Liquidate REO (foreclosed) properties within 6 months at better than 80 cents on the dollar
- Part of teams to create:
- Two start-up wholly-owned for-profit subsidiaries of a 501(c) not-for-profit Foundation
- A property & casualty company
- A 50-member start-up commercial food incubator
- Thoroughly research acquisition of a federal credit union but chose not to pursue it
- Supervise the work of a co-general partner over scattered-site low-income housing tax credit limited
partnerships winning national recognition and awards of $3.0 million
- Member of cross-departmental operations team streamlining processing and communication that resulted in
saving $150,000 annually and increasing productivity
- Serve on intra-departmental team to coordinate operations involving process mapping and cost accounting for
a parent company and its newly formed wholly-owned companies
WITH THE CFO
- Accounting
- Supervise Controller/CPA and can close books monthly within 3 business days following month end and produce financial reports for managers
by 5 business days following month end
- Forecast budget to year end by 5 business days following month end
- Complete annual audit by staff within 30 days following year end
- Ability to merge back offices of two institutions into a $22 million operating budget
- Re-build finance/IT team from 3 to 12
- Within 16 weeks, close 21 months of books for 3 companies
- Within 6 months, close monthly books within 5 business days of month end with a goal of 3 days
- Create and manage the budget over 2 years and endowment reporting to Executive Committee comprised
of 11 college/university presidents and 1 provost
- Develop permanent fund spending formula and paid out real income of 5.2% per year with average gross
total return of 10.5% over the period 1988-2004
- Lead investment work through four common trust fund accounting conversions and two mutual fund
accounting conversions
- Supervise collapsing two fund accounting software platform to one
- Audit
- Lead outside auditor to complete the audit within 60 days of year end
- In over 35 audits, no material weaknesses cited except in one where insufficient board oversight noted for period prior to my arrival
- In a merger, complete 3 short audits, 4 pension audits, and a state Medicaid Report
- In 20-month grant-funded position, audit 25-years of grants administered by the retiring CEO to ensure
90% of each grant is expended
- Treasury
- Manage the cash conversion cycle negotiating with vendors and developing credit facilities with Wells Fargo
Bank, Central Bank, PNC Bank, Fifth Third Bank, State Street Global among others
- Lead effort for one of the first three Community Development Financial Institutions (CDFIs) in America to
become a member of the Federal Home Loan Bank in order to access capital for commercial and residential
loans
- Establish appropriate reserves in 2007 to weather the recession
- Investments
- Write Minutes and staff investment committee for a $2 billion foundation & trust company over 15 years
- Negotiate contracts and administer a $12 million junk bond pool over 15 years investing in low-income
housing, job creation, and hunger relief globally
- Sit on Investment Committee of a $13 billion pension & benefits Board for 8 years
- Key leader and make daily investment management decisions for $2 billion endowment and supervise 20
outside money managers and 3 custodial banks for a top 30-sized foundation
- Streamline non-cash gift processing and reduce cost of trading from eight cents to five cents per share and
increased volume on the trading desk from $30 to $46 million per year over a three-year period
- Monitor alternative investments in a $26,000,000 real estate pool comprised of Master Limited Partnerships
and equity REITS
- During a monthly reconciliation, discover a $54,000,000 pricing error by one of our custodians in a fund worth
$750,000,000
- Write dozens of research papers and position papers on a wide range of topics including spending formula,
asset allocation, junk bonds, derivatives, dividend policy, budgeting, financing policy, international investment,
global investment, cash conversion cycle, teleworking, alternative investments. Often presented them at
national investment meetings
- Manage and write proxy-voting guidelines for 630 stock positions in an open-ended mutual fund family to
comply with Sarbanes/Oxley and to align with the social responsible guidelines of a church-related fund
- Manage the outside and in-house investment management of $250 million in gift annuities, charitable
remainder trusts, lead trusts, pooled income funds, and life estates
- Trust
- Part of a team to create a for-profit trust company under a 501(c)3 not-for-profit foundation
- Establish asset allocations and investment strategy based on ages of income beneficiaries for charitable
remainder annuity trusts and unitrusts, lead trusts, and grantor trusts
- Minimize reliance on outside legal assistance and investment consultant and cut costs by $280,000 annually
- IT
- Supervise IT for companies with budgets up to $22 million with in-house and outsourced IT staff
- Utilize enhanced IS technology to increase efficiency and reduce costs $120,000 annually
- Human Resources
- Part of a team to analyze, develop, research and ultimately implement a reworked Human Resources
Manual that moved Vision down through Mission to Annual Goals and into all staffs’ Job Descriptions
- In a merger, collapse multiple payroll systems into one
- Hire and release hundreds of staff and consultants over 30 years
- Compliance
- Create investment compliance for a nationally chartered trust company
- Create investment compliance for a 1940 SEC-Act Open-Ending Mutual Fund family
- Lead restricted grant compliance for foundation, corporate, and government grants
- Create anti-money laundering policies and best practice to comply with new residential lending policy
-Funds Development
- Senior management in a fund-raising culture that raised $900 million in gifts/deposits with with daily
investment supervision of $2 billion while paying out 5% spending formula over 15 years
- Part of teams in a smaller environment to raise another $200 million grants/gifts/loans/capitalization for not-for-
profits including Community Development Financial Institutions (CDFIs)
- Create alternative funding model for a 37-member higher-education consortium
- Make over 120 new client/client retention presentations to largest account relationships
- Develop a 250-page charitable gift planning manual detailing giving through the use of all IRS-approved
deferred gift planning tools including discussion of tax and estate planning for development staff of 35
- Supervise liquidation of all non-cash gifts totaling over $200,000,000
- Marketing
- Write business plans including proforma budgets for new and existing business lines
- Develop marketing plans Write quarterly investment newsletter and ghost-writer for a mutual fund family's
- Semi-Annual and Annual Reports
- Final proof reader for all marketing materials including prospectuses and sales literature
- Use paper reports and then web-create hundreds of marketing charts illustrating investment and tax
ramifications for the breadth of IRS-sanctioned life income planning options, permanent funds, and mutual
funds
- Write and supervise implementation of marketing plans for small business
- Legal
- Work daily and supervise general counsel and others on HR matters, business contracts, capital leases, and debt and equity
- Vast experience in estate planning including deferred giving