Modern Director Resume Example

Modern Director Resume Example Template
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JOSEPH B. MCCARTHY MBA, CPA
16 West Rd, Mahwah, NJ 07430
(201) 749-3343 JosephMcCarthy27@gmail.com
SENIOR PROFESSIONAL – TREASURY & FINANCE
Results oriented financial professional with significant skill in Treasury, Capital Markets and Accounting
operations. Proven track record of advancing cash management, capital markets operations, cash flow analysis,
cost containment, shared services, controls and technology to achieve optimal results. Used innovative tactical
and strategic approaches to solve complex problems.
Global Cash Management Management Reporting & Analysis Bank Relationships
Cash Flow & Liquidity Sarbanes-Oxley Compliance Budgets & Analysis
Process Re-engineering and Design Payment Optimization Cost Reduction Programs
PROFESSIONAL EXPERIENCE
AMERICAN INTERNATIONAL GROUP, INC. NEW YORK, NY 1988 – 2012
ASSISTANT TREASURERAIG CORPORATE (2002 – 2012)
Directed all operational and shared service activities for AIG Corporate Treasury. Integrated processes with
accounting, investments and risk management. Reported directly to the Treasurer. Managed and developed a
team of 50 associates.
Designed and Managed In-house Corporate Bank:
o Cash Management, Liquidity and Forecasting: Efficient daily activities for forecast reporting,
concentrating funds, and managing liquidity for AIG US subsidiaries. Utilized pooling
structures (4 pools with 1,000 internal accounts – $20B) and inter-company loan agreements
to optimize liquidity and short-term investments. Implemented technology to support the
operation.
o Transactional Bank Relationships: Analyzed, standardized and optimized accounts, services,
infrastructure and fees with US and international banks.
Reduced bank fees by $2MM (15%), by standardizing rates within merged banks,
eliminating non-electronic services, and volume discounts across the organization.
Reduced annual bank transaction costs by $500K annually by optimizing banking
structure, replacing bank accounts with pool accounts, and using pool accounts to
settle inter-company transactions.
o Capital Markets Operations: - Automated execution, settlement, reporting and compliance –
for short-term investments, inter-company loans, debt, and foreign exchange.
o Accounting Integration: Streamlined the integration of cash and capital markets activity with
the general ledger. Reduced manual reconciliations.
o Re-Engineer Payment Processes: Implemented operational and technology solutions to
streamline A/P and inter-company payments; centralized payment accounts, consolidate
billing and payment to third parties, and netting inter-company payments.
Directed a team with International Treasury Departments to develop business requirements and plans
for a global treasury workstation. Leveraged existing technology to deploy global solutions for multi-
currency balance reporting, short-term investments, and inter-company loans.
AIG Credit Crisis / Restructuring: 2008 – 2011:
o During the 2008 credit /liquidity crisis, transformed cash management processes to address
changes in funding sources, inter-company liquidity, and loss of daylight overdraft facilities.
o Primary AIG contact with Federal Reserve Discount Window regarding daily borrowings and
repayments of AIG Credit Facility. Implemented all operational procedures and processes for
the Credit Facility.
o Managed Corporate Treasury’s operational divestiture activities including separation of
services, standup of treasury functions for divesting entities and settlement of divestiture
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