Michael Smith

Experience

• 

  Lerner Enterprises

  Jan 1989 - Jan 1992

  Management Accountant
• 

  Carey Winston

  Jan 1992 - Jan 1996

  Sr. Financial Reporting Accountant
• 

  Citi

  Jan 1996 - Sept 2000

  Responsible for financial analysis of business options in the wake of the Citibank and Travelers merger into Citigroup including bundling of $1B of core real estate assets for a sale-leaseback transaction. Responsible for all finance and accounting activity related to Citigroup’s commercial real estate portfolios in their Mid-Atlantic and Southwest regions.

  • Vice President Finance

    Jan 1996 - Sept 2000

  • Vice President, Business Evaluations

    Jan 1999 - Aug 2000

  • Assistant Vice President, Financial Reporting & Analysis

    Jan 1996 - Jan 1999
• 

  Capital One

  Sept 2000 - Jun 2013

  Responsible for driving high quality and highly impactful measurable results of horizontal functions cutting across all business areas of a 500+ person organization. o Directed all cross functional processes including; budgeting, workforce planning, integration assimilation, technology investment prioritization, and talent management.o Established and managed the Compliance & Risk team, driving significant improvements in performance metrics related to corporate and regulatory audits as well as SOX controls testing.o Developed and implemented key strategies driving organizational structure, workforce optimization, risk mitigation, as well as operational and technology financial planning.o Designed and reported on performance metrics demonstrating areas of progress and concern. o Prepared and monitored progress of remediation plans.o Prepared Controller’s communications and reporting at all levels including Board of Directors.o Facilitated the development of organizational goals and objectives with clear linkage to the corporate strategy. Show less Responsible for leading the team providing financial management of and controllership for multiple lines of business with an annual expense base exceeding $1B and a capital expenditures plan exceeding $.5B.o Managed all monthly financial and accounting activity, analysis, and reporting.o Partnered with business leadership teams to; translate their organizational strategies into Annual and Long Term Financial Plans.o Established financial targets based on corporate projections and expense directives.o Advanced strategic planning efforts by providing financial impacts related to various business alternatives.o Developed scenario planning, assessing impacts to business services based on financial decisions.o Established and presented direct and indirect cost allocations to recipient business lines, clearly articulating level of services, benefits, and tradeoff decisions.o Established corporate wide associate benefit cost rates (compensation, health, retirement, training, etc.) leveraged in budgeting/planning, with causation analysis of year/year deviations. Show less Responsible for leading cross functional project teams to implement large programs with significant organizational impact and exposure.o Partnered directly with Capital One’s CFO and his executive leadership team to develop and lead the initiative to transform the Global Finance organization in the face of the great recession; delivering a 20% reduction of total direct expenses, over a two year period, and establishing a highly effective and highly efficient BAU environment.o Led the Global Finance project team, as part of a corporate wide program, through the full conversion of Capital One’s data platform (from Unisys to Tsys) delivering a seamless performance of financial processes in a highly complex “single switch” transition (no parallel processing) without disruption or impact to Capital One’s financial reporting.o Designed and implemented the Finance College, Training & Development Programo Managed the Finance Data Analysis and Process Excellence teams. Show less

  • Senior Director, Global Finance

    Sept 2000 - Jun 2013

  • Sr. Director, Controller's Organizational Effectiveness

    Jan 2010 - May 2013

  • Sr. Director, Financial Controller Infrastructure Finance

    Jan 2008 - Jan 2010

  • Director, Global Finance Program Management

    Jan 2004 - Jan 2008

  • Director, Financial Reporting, Costing, & Accounting

    Sept 2000 - Jan 2004
• 

  Sabbatical

  Jun 2013 - now

  Sabbatical

  Engaged in a personal sabbatical to spend time focused on family needs and settlement of parent’s estate. Continued involvement in activities and education related to financial management including: Estate Settlement and Taxation, Rental Real Estate, and Personal Investment. Completed the Strategic Decision Making and Risk Management Certification program from Stanford University.