Manager Mortgage

SHERYL R. SOMERS

Fairless Hills, PA 856-***-**** adckct@r.postjobfree.com

www.linkedin.com/in/sherylsomers

CASH MANAGER, TREASURY

Proactive and collaborative finance leader with experience developing cash management objectives and processes to analyze cash goals, monitor daily activities and report on the liquidity of corporate and subsidiary bank accounts. Build and strengthen relationships with key stakeholders, senior leaders and banks ensuring Treasury policies and procedures are consistently applied. Core competencies include:

Cash Flow Planning Bank Account Management Finance and Accounting Risk Management

Wires, ACH and Bank Transfers Credit / Debt Management Reconciliation Process Improvement Cash Consolidation Due to Mergers & Acquisitions (M&A)

EXPERIENCE

SIEMENS GAMESA (formerly Gamesa Wind US, LLC), Trevose, PA 2008 – 2019

Cash Manager

Coordinated and managed cash flow and forecasting models. Provided daily reconciliation of cash positions, debt, bank accounts and Accounts Payable checks. Posted cash transactions in the SAP Treasury module.

Processed the cash collection of Accounts Receivable payments. Directed the Accounts Receivable Invoice Factoring process. Managed the Accounts Payable Invoice Confirming process.

Slashed 30% in costs by changing banks and negotiating pricing and fees, while ensuring the continuation and enhancements of services.

Negotiated, maintained, opened and closed all US bank accounts, as bank liaison.

Processed all wire transfers and ACH.

Identified transfers made by parent company in Foreign Banks accounts, including Hedges.

Coordinated, drafted and requested Letters of Credit and tracked all fees.

Administrator on American Express credit card program.

Negotiated, Implemented and Administrator on MasterCard credit card program.

Collaborated on team of 6 to implement Concur for Travel and Expense Reporting.

Resolved issues on delinquent credit cards maintaining delinquencies below 5% (30 day terms).

Documented procedures and trained staff on Concur and reconciled accounts.

Administrator on Dun & Bradstreet websites.

Prepared Weighted Average Cost of Funds and Interest Accrual for month-end close.

Executed the month and year-end close process for all cash related activities.

Streamlined and documented Treasury processes and procedures.

Coordinated with internal and external auditors on department processes, ensuring complete, timely and accurate responses to information requests.

Facilitated, managed or collaborated on Treasury projects as needed.

Additional Roles: Treasury Technician; Cash Specialist

AMERICAN MORTGAGE EXPRESS CORP., Mt. Laurel, NJ 2005 – 2007

Treasury Manager

Managed and oversaw the Treasury and Funding departments. Administered Warehouse Lines totaling $320M. Supervised and mentored 3 direct employees. Supported daily cash forecasting, reconciliation of cash positions and bank accounts. Processed loan sales and payoff activity and escalated Aged and Wet loan issues.

Recovered over $200,000 in post-sale adjustments.

Performed system testing of program upgrades and implemented banking systems.

Implemented automation improvements to streamline processes. Documented all procedures.

Calculated borrower Payoffs, processed mortgage payments.

Posted Accounts Receivables via QuickBooks.

Supported Servicing issues.

Assisted in final closure of the company.

GMAC MORTGAGE CORP., Cherry Hill, NJ 2001 – 2004

Cash Manager

Managed the Treasury department for the Warehouse Lending business. Supervised 3 direct employees. Oversaw cash management, cash forecasting and daily bank account reconciliations. Processed and automated Fed Wire transfers EDI and Cashier’s Check procedures.

Recovered over $300,000 in FedEx fees on Cashier’s Check program with bank.

Received additional bonus for collaboration on wire automation implementation.

Implemented in-house Cashier’s check processing with bank.

Uploaded and analyzed electronic bank Account Analysis (822 files) via the Weiland system.

Ensured that GMAC Bank guidelines were maintained pertaining to security, control and risk.

Position transferred from GE CAPITAL MORTGAGE SERVICES, INC. Warehouse Lending Division “Cooper River Funding” sold to GMAC Mortgage Corp.

ADDITIONAL RELEVANT EXPERIENCE

SASS INVESTMENT CLUB, Cherry Hill, NJ

Co-Financial Partner / Treasurer

EDUCATION AND CERTIFICATIONS

AFP CTP Certification (In Progress)

Rowan University, Glassboro, NJ - Major: Elementary Education, Minor: Psychology

Camden County College, Blackwood, NJ - Associate Degree – Liberal Arts (AA)

Haddon Township Adult Night School, Westmont, NJ (Computer Programming-Certified)

Cherry Hill High School West, Cherry Hill, NJ

ADDITIONAL TRAINING

MS Office (Excel, Word, PowerPoint)

Six Sigma Quality Training -- Boot Camp I and II - Green Belt

Corporate Training Sessions and Human Resources Related Training Sessions

Concur Travel and Expense Reporting

Fiserv Weiland (BRM) Account Analysis System

Banking Systems and Websites, Loan Production Systems; SAP

Bottomline Tech. Laser Check Software (Paybase)

Bottomline Tech. Balance Reporting / Funds Transfer System (WebSeries)

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