RESUME: CFO/CONTROLLER/TREASURER

[BRADLEY VALLEM]

Resume # : 17433
Header : CFO/CONTROLLER/TREASURER
Date : January 02 1998
Name : BRADLEY VALLEM
Address : 206 LONSDALE RD
PROSPECT HTS, IILLINOIS 60070
Country : USA
Phone # : 847-577-9412 Fax # : 847-577-6460
Email : BSVA...@AOL.COM

Resume

BRADLEY S. VALLEM
206 Lonsdale Road
Prospect Heights, IL 60070

December 15, 1997

To Whom It May Concern:

I am seeking a senior mangement level financial position. My experience and accomplishments should meet the needs of most senior/executive level searches.

My work experience includes exposure to a broad set of financial and accounting disciplines. Additionally, I have experience working with computer systems and software (including numerous conversions/implementations) in mainframe, network and PC environments, including Windows 95. I have managed the Controllers, Audit and Treasury functions. I have exposure to budgeting and forecasting, financial analysis, cost accounting and product/customer profitability models, internal and external reporting including SEC reporting, corporate insurance coverage, cash management, investments and asset/liability management, debt placement, investor relations and various aspects of human resources including payroll and 401-K plans. I have directed numerous revenue enhancement and cost reduction initiatives. My management experience includes being secretary to the board of directors. I also was a member of the senior management, asset/liability, salary and contribution committees.

I am a dynamic, innovative and pragmatic manager with over 20 years of broad based success operating in high pressure environments. I hold myself to the highest personal standards and encourage the same from all associates. Particularly results oriented, polished team leadership and customer relations' skills, coupled with an upbeat motivational style support long term relationships with resulting profits that fall to the bottom line.

My broad knowledge has produced considerable cost reduction through astute research and analysis, strategic planning, process re-engineering, staff/client relations, computer systems integration, training and program development.

Enclosed is a copy of my resume for your consideration. As you can see, it gives you a broader picture of my background. I would like to meet with you to discuss some areas of interest in greater detail and look forward to your call to schedule a convenient time. Thank you for your time and personal attention.

Sincerely,

Bradley S. Vallem
(847) 577-9412

Enclosure

BRADLEY S. VALLEM
206 Lonsdale Road Ÿ Prospect Heights, Illinois 60070 Ÿ (847) 577-9412

SENIOR MANAGEMENT - FINANCE & ACCOUNTING

My career has afforded me innumerable successes spanning various banking and financial industry business development ventures. Throughout the years senior management positions have often been interspersed with diverse troubleshooting assignments involving both multi-billion dollar organizations to smaller firms, turnarounds, and rapid growth situations. In all functions of finance, accounting and operational management, consistent exercise of innovation, planning, implementation and problem resolution has provided exceptional results.

Selected Accomplishments:

Turnaround Operations - Executive decision making in a turnaround environment must inherently be cost effective and support solid growth in an increasingly competitive market. To this end, I directed a number of somewhat controversial initiatives impacting all facets of company operations.

- Specifically chosen to re-engineer the debt structure within a $1.4 Billion finance company, my first initiative was to migrate the short/long term debt ratios to a more acceptable industry mix. I also diversified the number/quality of dealers handling commercial paper and boosted the back-up line of credit to 120% and improved the number and quality of the banks in the back-up line of credit.

- Aggressively promoting further debt diversification, I pursued securitizations and public debt as additional tools. This instituted critical reporting and monitoring mechanisms, which coupled with the surplus line of credit, was designed to provide greater comfort to the rating agencies.

- Closely related to this re-engineering was improved investor relations. An expanded disclosure policy, independent analyst recruitment and fax broadcasts of press releases prior to wide-area conference calls combined to boost internal/external communications and attract additional major investors.

Technology Integration - Spearheaded numerous diverse projects integrating current computer and electronics technology into archaic or previously paper intensive operations. Encompassing both database and interactive real-time systems, enhancements improved interdepartmental communications, cost controls, information security, financial reporting, staffing demands and ultimately customer responsiveness. Notable initiatives include:

- Vastly improved cash management services that reduced cash on hand requirements and bank charges, resulting in $70-100K of reduced annual expenses.

- Superior information transfer, analysis, forecasting and feedback to numerous regional office locations, deemed pivotal in performance evaluation and cash incentive disbursements.

- Rapid assimilation of parent company IT systems following a merger, and member of a team that developed a relationship profitability model for commercial loan customers.
BRADLEY S. VALLEM Page 2

Transition Management - Following the acquisition and subsequent assimilation into a $100 Billion asset conglomerate, my restructured organization faced major challenges regarding vision, internal communication, and sense of ownership. Converting from decentralized regional marketing to a centralized business line approach, virtually all aspects of this operation were impacted. Over time, a steady and consistent approach toward teambuilding, standardized the records, procedures and reporting requirements, ensuring a sound financial posture within this highly volatile arena.

Career History & Highlights:

Most recently, 1995-97, Treasurer, Mercury Finance Company, Lake Forest, Illinois. A leading financier of previously owned automobiles, this $1.4 Billion asset company operated over 250 offices in 28 states. Here I directed company debt funding, cash management, investor and shareholder relations, 401-K reconciliation, participated in cost reduction reviews, assisted in acquisition analysis and production of the annual report. Heavily involved in debt restructuring to ensure long-term stability.

Prior, 1993-95, Vice President and Financial Manager, Corporate Banking Group, Bank One, Chicago. I adapted specific financial modeling software, integrating individual responsibility center transactions into emerging trend forecasts. Automated branch feedback reports now allowed precise performance appraisal and timely cash bonus awards. I was additionally selected to the team developing a national customer relationship profitability model. Viewed as vital in developing product costing information, this tool provided management a clear path to increased profitability.

Throughout the years 1977-93, I essentially wore two hats, operating with both First Illinois Corporation, a $1.8 Billion, five-bank holding company, and with First Illinois Bank of Evanston, NA, the lead bank of the five. Here I held a series of increasingly responsible positions from auditor to VP-Controller and Senior VP-Controller, as the institutions grew from the original $300 Million in assets. Following the merger with Bank One in 1992, I initially remained as the Senior VP-Controller for the lead bank, assisting with the consolidation and computer conversion.

I am particularly proud of my turnaround work as Controller, First Illinois Bank of Evanston. Hand selected to revitalize this faltering department, I overhauled virtually all facets of the operation including internal and external (10-K) financial reporting, payroll, accounts payable, wire transfer functions and account reconciliations. Aggressive and timely action is credited with saving over $1 Million in potential losses. Cost savings/revenue growth was emphasized.

Education / Training / Affiliations:

I hold a BB, Accounting, Western Illinois University, 1975, quickly gaining certification as a CPA in the state of Illinois, 1976. Continuing professional education includes seminars and coursework sponsored by the Illinois CPA Society, American Institute of Banking (AIB), KPMG Peat Marwick, and the Bank Administration Institute. Active in the civic and professional community, I am a board member of the Prospect Heights Lions Club and a member of the Illinois CPA Society. Previously, I was a board member of the Mental Health Association of Evanston and the North Suburban YMCA.

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