Chris Gibson, CPA

Experience

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  CFO, Treasurer, Controller, Commercial Banker

  Jul 2000 - Aug 2000

  SkillsFinancial Analysis & Modeling• Comprehensive understanding of financial statements and interactivity among balance sheet, income statement, and statement of cash flows.• Thorough familiarity of GAAP.• 15 years experience of financial analysis and credit analysis with concentration on drivers of profitability.• Investigate variances between projected and actual results as well as actual versus prior period results. • Adept utilization of Excel and its functions to analyze and package data.Effective Written & Verbal Communication• Efficient wordsmith, sharing information succinctly to a diverse audience.• Examples of written works: o Opportunity memos, summarizing prospective opportunities. o Credit memo for new opportunities, loan modifications, refinances, or extensions. o Special asset memos for loans with watch, special mention, or substandard classifications. o Emails outlining agreed-to actions following verbal conversations with clients. Additional communications with clients clarifying aspects of operational performance.• Qualified presentation background o Presented loan opportunities and renewals to weekly loan committee consisting of CFO, President, and CEO/Chairman at Delaware Place Bank. o Appeared before The Private Bank/CIBC loan committee for new loan opportunities and loan renewals approximately 10 times per year. o Additional Private Bank/CIBC presentations included updating management on watch, special mention and substandard loans on a quarterly basis. Budgeting & Planning• Quantify internal and external aspects that shape revenues and expenses, utilizing these to grasp base-case profitability.• Sensitize variables to calculate changes in profitability. Show less Negotiation• Negotiated more than 50 loan originations, loan refinances, loan modifications, loan extensions, and derivatives opportunities throughout my five years at The Private Bank/ CIBC. This included negotiation of term sheets and loan documentation.• Constructive discussions internally with credit risk and senior management to structure loan opportunities to fit the preferred risk parameters of the bank.• Applied feedback from legal counsel in negotiations with clients to construct loans to minimize risk exposure and legally protect the bank.• Additional experience negotiating on behalf of family-run business is outlined further below. Knowledge of Banking Industry Rules & Regulations• Know Your Customer (KYC), Anti-Money Laundering, Patriot Act/OFAC, Community Reinvestment Act, Regulation B, Regulation O, Regulation U, Truth in Lending Act, Equal Credit Opportunity ActRisk Management• Insurance, Interest Rate Derivatives, Commodity Hedging, Foreign Exchange Derivatives/Hedging, Credit Risk Management, Cash Management/Treasury Management ProductsBusiness Development• Motivated to increase growth and profitability of loan portfolio.• Gross loan production of approximately $110MM in FY 2019; net of payoffs, this total was $40MM.• Leverage product partners such as treasury management sales, syndications, and derivates to generate additional revenue flowing to the bank’s bottom line.• Skilled at growing existing client relationships; over the course of five years at The Private Bank/CIBC, the exposure to my largest client grew to one of the Bank’s largest aggregate relationships.• Contributed $13.5MM in loan portfolio growth in my one year at Delaware Place Bank. Legal Documentation Review• Meticulous knowledge of loan agreements, security agreements, promissory notes, mortgages and assignment of rents, personal and corporate guarantees. Show less

  • Summary of Skills

    Jul 2000 - Aug 2000

  • Additional Skills

    Jul 2000 - Aug 2000
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  Citibank, NA

  Jul 2005 - Jun 2014

  - Provided leadership and oversight of Middle Market portfolio commitments totaling $600MM, assisted in new credit opportunities, mentored and coached team members, and developed processes for efficiency of workflow.- Structured, analyzed and underwrote new loans, utilized financial modeling, measured covenants, and reviewed loan documentation.- Contributed to the increase of portfolio commitments from approximately $200MM in 2007 to $600MM.- Administered internal systems and controls designed to track covenant reporting and data integrity requirements for internal and external regulators.- Implemented improved physical credit file infrastructure employed by Citibank’s Commercial Middle Market - Central Division.-Managed internal and external client communication in partnership with relationship managers.-Proactively managed criticized credit relationships, collaborating effectively with partners in remedial management and independent risk. Show less

  • Acting Manager/Credit Officer - Vice President - Middle Market

    Jun 2007 - Jun 2014

  • Associate Relationship Manager - Energy Department

    Dec 2006 - Jun 2007

  • Credit Analyst/Commercial Bank Executive Rotation Program

    Jul 2005 - Dec 2006
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  Delaware Place Bank

  Jun 2014 - Jul 2015

  Vice President - Senior Credit Administrator

  - Underwrite renewals and new opportunities, manage borrowing bases, measure loan covenants, and provide feedback on condition of existing portfolio. - Contributed to total commercial portfolio growth of $36MM in final six months of 2014.- Constructed Shared National Credit platform, writing credit policy to mirror Federal Reserve Interagency Guidelines.- Built SNC portfolio to approximately $13.5MM in final quarter of 2014 from less than $1MM prior to arrival by underwriting, presenting, and assisting in loan funding. Portfolio expected to generate $400M in annual interest income.- Guide improved covenant monitoring infrastructure, earning praise from external auditors.- Report directly to Chief Credit Officer; daily interaction with Senior Lender, President and Chairman. Show less

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  CIBC U.S.

  Jul 2015 - Mar 2020

  Managing Director - Healthcare Group

  - Managed $175MM-$225MM portion of senior living healthcare portfolio, maintaining strong credit quality with focus on increasing customer base.- Collaborated successfully with credit, treasury management, capital markets, and derivatives to provide proactive solutions to clients.- Calendar year 2019 gross production was approximately $110MM; production net of payoffs was more than $40MM.- Income before tax contributions of more than $4.5MM annually with return on equity consistently above 25%.- Prominent role in $210MM loan syndication that produced seven figure origination fee for bank. This syndication featured a 10-location nursing home, cash-out refinance and purchase in November 2015, approximately three months into my tenure at The Private Bank.- Closed $68MM in exposure as part of a refinance, cash out for client in early 2020.- Closed 16-location nursing home acquisition loan (total commitments approximately $38MM) for large healthcare client in five weeks – July 2019.- Promoted from Associate Managing Director to Managing Director within seven months. Show less

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  Self Employed

  Mar 2020 - Jul 2020

  Treasury, Controller, Financial Analyst, Consulting

  Current ProjectsConsulting for Family-owned Business (Two Franchised Locations)• Cash Budgeting o Mapped out recurring monthly costs to better manage cash outflows in anticipation of reopening following pandemic. o Projected effect on working capital upon receipt of Payroll Protection Program funds. o Identified superfluous costs in expense structure to enhance profitability.• Projections o Assembled projection models needed for Small Business Administration financing of two locations. o Models took into consideration revenue and expense drivers for the business that effected profitability.• Landlord Negotiations o Assisted in negotiations with landlords at two locations.  First location: reviewed documentation and aided in negotiations related to deferred rent during the pandemic.  Second location: supported talks with landlord regarding rent commencement date. Additional negotiations with landlord over type and size of signage were resolved.• Assist with Banking Relationshipo Participated in determination of financing needs, negotiation of terms, and review of documentation, resulting in Small Business Administration financing for two locations.• Research and Application of the Paycheck Protection Program (CARES Act)o Reviewed monthly payrolls since opening of first location in December 2018.o Completed and submitted application for fundso Application successful with approximately $50M in funds received from federal and local governments.• Craft Reopening Strategy Following COVID-19o Consulted on start date based on guidance from the state of Texas.o Organizational focus on recall of employees, filling appointment slots, and leveraging cost structure to create profitability.University of Chicago Polsky Center Small Business Bootcamp Webinar Series – April 2020• Topics included negotiation, treasury management (cash flow management and bank relations), communication, branding, and marketing. Show less

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  Tactical Alliance

  Jul 2020 - Jul 2021

  Financial Consultant

  Provided outsourced controller and accounting functions as Sr. Staff Accountant at Tactical Alliance (part of McManamon & Co - CPA firm in Westlake, OH). Focused on the following:- Outsourced Controller/Accounting/Bookkeeping- Payroll Services- Financial Strategy and GuidanceAssignments:- Head of Finance/Accounting for Service Industry Company- Co-Fractional CFO (with other members of team) of Healthcare Start Up- Consultant for Contracting Business- Advisor to many small businesses on bookkeeping and Payroll Protection Program Forgiveness and ApplicationSystems- Quickbooks (Desktop and Online Versions)- Clinic Sense- ProCore- Club Ready- Bill.com Show less

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  Geisel by HomeServe

  Jul 2021 - Nov 2022

  Controller

  • Implement Enterprise Resource Planning software (Service Titan) and facilitate conversion from antiquated accounting system to QuickBooks Enterprise.• Focus on strategy to drive improvements in sales growth, gross margins and collections. Primary emphasis on pricing strategies driven by parts and equipment costs and employee burden rate in inflationary environment.• Execute proper accounting application of revenue recognition related to maintenance plans (IFRS “International Financial Reporting Standards” 15) and capital leases (IFRS 16) in line with corporate parent’s IFRS requirements. • Meet demanding closing deadline of three days after month-end as sole member of finance/accounting department.• Supervise accounts receivable, accounts payable and cash functions with limited support during organizational transition. Show less

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  Anderson Group Holdings

  Dec 2022 - now

  Cleveland Area Controller

  - Controller for two Cleveland area, private equity owned HVAC and Plumbing Companies- Valued member of executive team, partnering with General Manager to assess and improve performance. - Managed budget process for FY 2023- Led financial portion of business review for Private Equity investor- Responsible for accounting and finance functions for Cleveland area including AR, AP and Treasury functions and monthly closes. - Contributed to improvement in monthly close timelines from ~ 15 days to less than 7 days. Show less