E-mail rossdross@yahoo.com
Personal Website: BetterBizBooks.com
Present:
OBJECTIVE I want to add
value in an organization looking for an energetic, creative and accomplished
financial analyst who quickly sees the “big picture” in respective
industries. I believe I offer a dynamic
communication style, superior motivation and time management skills, as well as
decision-making abilities.
EDUCATION
1996-1998 RICE UNIVERSITY,
Master of Business Administration, May
1998.
Concentrations: Finance and Marketing.
Activities: Member,
Finance & Management Consulting club.
Honors:
1994-1996 UNIVERSITY OF
Bachelor of Science, Accounting, May
1996.
Activities: Member,
Finance Management Association;
V.P. Education, V.P. Membership, Institute
of Management Accountants
1995-96); Member, Accounting Honor Society.
EXPERIENCE
Jan. 2003 – Landsafe Inc. a Countrywide Financial Coporation,
Current Financial
Analyst II
·
Extensive
Financial Modeling – Two budget cycles and modeled the
financial impact / NPV of numerous strategic projects.
·
Cost Accounting –
Identified two areas where our costs appeared out of line from what Sr.
Management was indicating. This led to
staffing changes and productivity improvements that improved NIBT by over $3
million (10%) for the year.
·
Financial
Reporting – Responsible for all financial/corporate reporting and the
associated variance analysis each month.
I am the lead contact for all financial issues within LandSafe Appraisal.
·
Productivity
analysis – I am the prime contact for determining staffing, based on
productivity requirements, for LSA. In
this role I ensure that cost benefit requirements are met and that financial
targets are attained. This role was
assumed after identifying the above cost accounting projects. All organizational changes, from a staffing
or operational capacity, have to be given a thorough evaluation of the
financial impact. In this regards I
communicate with all sr. managers within LandSafe
appraisal plus the CFO and President of LandSafe
Appraisal.
·
Contract Analysis
- I assist the national sales organization in measuring our cost per order for
ROS calculations for national sales contracts.
This is now centralized due to having 3 major lines of business but
substantial impact is provided. The
centralized sales/cost position was created after management team of the parent
company recognized they didn’t know the true cost per order of all their
businesses following my cost accounting project.
April 2001 – Personal sabbatical, travel/vacationing,
reading/personal education (read over 100 books during this time and launched
my personal website – non-commercial.)
Jan- 2003
Sept. 1999 – Sanders Morris Harris,
April 2001 Sr.
Financial Analyst - Telecommunications.
·
Extensive
financial modeling/forecasting including forecasting cash flows, balance sheet
and P&L statements.
·
First to mention SAB
101 Accounting Rule and implications to CLEC industry in March of FY00.
·
Initiated
coverage within the telecommunications service industry on selected CLECs
(competitive local exchange carriers) and SBC Communications.
·
First to mention
structural issues at the firm that led to inefficient resource allocation. This resulted in a
reorganization and what partly led me to part with the firm.
·
First to be
cautious about SBC Communications (January
’01 – I can provide a copy of the report) and valuation concerns due to my
belief that DSL deployment costs would be higher than projected and that there
was a high likelihood of a potential slowdown in the wireless industry due to a
slowing economy. I believed, and still
do, that the RBOCs will continue to penetrate the long distance industry due to
lobbying efforts.
·
Provided clients
with value-added information about technology cycle and implications of capital
crunch. (Telecom Services à Telecom Equipment à Semiconductor) This
resulted in specialized timely updates to clients who then placed appropriate
trades to better position their portfolios.
·
Continually
improved my communications skills as I needed to interact regularly with
clients and the internal sales force to help answer questions and facilitate
upcoming news.
·
Net Profits
exceeded my cost basis by five times my salary.
·
Used my extensive
network to find out “big picture” issues in telecommunications industry and was
early on to communicate about pending financial problems in the telecommunications
equipment industry. References can be provided.
·
Met with publicly
and privately held companies to assess their capital requirements and needs.
March 1999 –
Southwest Securities, Inc.
Sept. 1999
Financial Analyst -
Telecommunications.
·
Extensive
financial modeling including forecasting cash flows, balance sheet and P&L
statements.
·
Initiated
coverage of three companies in three months focusing on proliferation of
wireless worldwide and an increase in teledensity throughout the world (# of
phone lines per 100 people). Two
companies experienced appreciable price appreciation.
·
Average net
return approximated 25% over time in position.
·
Met with publicly
and privately held companies to assess their capital requirements and needs.
June 1998 -
Southwest Securities, Inc.,
March
1999 Jr. Financial Analyst - Semiconductors.
·
Assisted senior
equity research analysts in conducting industry and company research, performed
financial projections and prepared initial coverage reports along with morning
notes published on First Call for companies in semiconductor industry.
·
Conducted
searches for private companies to help facilitate private financing and corporate
finance efforts.
·
Established a
contact list to facilitate better interaction with institutional clients and
coverage list. This lead to a 3x
increase in sales revenue.
Summer 1997 Norsig & Associates, Inc.,
Intern, Research Analyst.
·
Examined the
wireless segment of the telecommunications industry and various technologies of
the segment.
·
Prepared
financial model for a wireless company utilizing subscriber growth, country
populations, cellular penetration rates, royalty estimates, product margins,
and other factors.
·
Analyzed the ADSL
(Asynchronous Digital Subscriber Line) segment of the telecommunications
industry and reviewed five firms. Each
company was evaluated based on numerous criteria.
·
Established entry
and exit prices as well as stop losses for particular investments. Companies mentioned included Orckit Communications, Amati
Technologies, Globespan, Qualcomm and Texas
Instruments. Each company generated
returns of over 200% after I left.
Spring 1996 Merrill Lynch,
Intern, Sales Group.
·
Obtained new
clients through public databases.
·
Performed equity
research / mutual fund research for client investment.
·
Analyzed 25
stocks per week using trend and technical analysis.
·
Designed
portfolio which beat S&P 500 by 50% in four months.
1994-1995 Nortel Networks,
Jr. Accountant, Cost
Accounting & Joint Venture Accounting.
·
Analyzed $3
million annually of warranty costs to determine product quality and timely
financial reporting.
·
Analyzed work in
process inventory identifying slow-moving inventory primarily for variance
analysis purposes.
·
Allocated costs
to departments - useful for performance evaluations.
Summer Nortel Networks,
1992 & 1993 Cooperative Intern, Engineer’s
Assistant.
·
Aided senior
technicians in the operation of digital switches.
·
Assisted
customers in First Application System Tests - test runs of software
applications on digital switches to forsee any problems.
OTHER
Computer Skills: MS Access, MS Excel, MS Word,
MS PowerPoint, MS Front Page. Hyperion
financial, ProClarity Data Mining, I worked on Oracle
general ledger many years ago and quickly learn proprietary systems (Stock
Valuation and Accounting).
Hobbies: Weightlifting, skiing, reading (business and sociology
/ pop culture primarily – my website, BetterBizBooks.com
mentions some of the books I feel could be of value to others and has a link
with my economic analysis of the consumer in the U.S. )