0oi48mdt_resume - Leader Mortgage Company

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Resume
Joseph Hughes
Summary
Qualifications
20702 El Toro Rd # 298, Lake Forest, Ca. 92630
Contact: 949-454-9089
E-mail: joe954@hotmail.com
Results driven professional with an extensive financial and operational management
background. Successful track record of accomplishments utilizing financial expertise
and management skills. Ability to quickly analyze complex financial and legal issues,
which require forward thinking and on the spot resolutions. Proven negotiating skills,
and ability to deal with problems under high stress situations. Excellent written and
verbal communication skills. Experienced in all aspects of business planning,
budgeting, forecasting, performance assessment and financial reporting.
Professional
Experience
O.W.G. Products, Inc. – Ontario, Ca.
Original Equipment Manufacturer for truck slider windows for the automotive industry and glass fabrication products
for use in the construction industry. Operational facilities consisted of two major manufacturing plants in Ontario and
Santa Fe Springs, Ca, two cross-country distribution warehouses in Indiana and Georgia, and a border distribution
facility for Tijuana Mexico.
Vice President/CFO/Controller, 1994 to Present
Responsible for the strategic planning, development and leadership of the entire corporate finance organization for
this industry trade manufacturer, which included full profit and loss, financial planning and analysis, operations
analysis, capital investment, business decision support, cash management and investment, and bank relationship
management.
General accounting responsibilities included A/R, A/P, P/O, S/O, G/L, J/E, month-end-close and coordination of
weekly payroll activities with outside payroll services. Additionally responsible for developing and managing the
internal staff and related human resources functions, as well as the production of monthly financial reports,
development of internal accounting control procedures and processes in compliance with FASB and GAAP and
coordination with outside auditors for the production of annual financial reports and tax returns.
Selected Accomplishments:
 Secured new bank working capital lines of credit, causing sales to increase more than 300% in less than four
months after gaining new financial commitments.
 Setup and implemented new computer system with accompanying accounting software, allowing for tighter cost
controls, better inventory management, cost production analysis and higher net margins on finished products; Also
allowed for in-house month-end financial reporting, instead of quarterly reports from outside accounting sources.
 Utilized previous banking experience to uncover an ongoing bank fraud in which the bank was responsible, thereby
reducing the company’s long-term debt liabilities in excess of $1.0 million.
 Successfully disengaged from a $100,000 a month losing operation and leased the entire ongoing business
enterprise of a sister corporation, which included the complete manufacturing operation, plant, equipment and all
associated physical assets to a major Public Defense Contractor in Silicon Valley resulting in a $40,000 per month net
profit with no further continuation in payroll or operational liabilities afterwards.
 Effectively negotiated the recent sale of the company to a major Southern California Competitor and structured the
transaction over a payment period of seven years, which effectively reduced the capital gains tax liability to zero after
completion, wherein the company’s owner and sole shareholder realized a net profit in the middle seven figure range
after payment of all current and long-term company debt obligations.
Joseph Hughes
Resume, Page Two
Professional
Experience – (Continued)
Hong Kong Shanghai Bank - U.S. Concord, Inc. – Irvine, Ca.
HSBC Holdings plc, a multinational British owned banking operation headquartered in London England with over
8000 branch office locations in Europe, Asia Pacific, U.S., the Middle East and Africa with assets totaling in excess
of $700 billion. Commercial banking operations also included Marine Midland Bank in New York, which is now
HSBC Bank USA, Hang Seng Bank, Equator Bank and numerous other financial institutions, holding companies,
insurance, shipping and service operations throughout the world.
Vice President/Western Regional Manager – Aircraft Division, 1985 to 1994
Opened, developed and directed the asset based lending operations for the Western United States. Primarily
responsible for the sales, business development and marketing of the banks various different loan products involving
money over money and tax oriented leasing programs. This process also involved the analysis and review of all new
loan transaction requests, which included the preparation of Credit write-ups for submittal to loan committee. These
submissions required in depth financial analysis, market assessment, collateral valuations, end-of-term residual
positions in relation to future market projections for the industry and overall credit worthiness.
Additionally responsible for the administration of the Western Regional Office, development and implementation of
the regional budgetary allowance in coordination with company business plan and objectives, direct personnel
administration, supervise assigned staff. Selected Accomplishments:
 Expanded the overall lending operations at the regional level with the addition of new personnel, which allowed for
further growth, expansion and business loan development in the broadcast, graphics and medical equipment fields.
 Successfully developed and originated direct & indirect Corporate Aircraft loan transactions with booked loan
volume exceeding $67 million.
 Developed Short-Term Operating Lease transactions, wherein we provided either the debt or equity with residual
participation involving Commercial Carrier Aircraft exceeding $100 million.
Education
Golden Gate University, San Francisco, Ca.
Bachelor of Science in Business Administration
Post Graduate continuing education in various business, accounting and legal programs for CPE.
Computer
Proficiency
Proficient in all areas of computer hardware & software utilization, including setup and integration.
Experienced with Financial Credit Spreadsheet Programs, Fast, Famas and eMoody’s Value and all
Windows operating systems. Additional MS Office applications include SQL Server 2008 R2, SQL
Server 2010, and Visual Studio 2010; additionally experienced with MS Excel, SBT Accounting,
Peachtree, Great Plains, MAS90-200 & 500, Quick Books Pro, MS Professional Accounting 2009,
FoxPro, WordPerfect for Windows, Microsoft Word and many other Accounting, Word processing
and Database management programs.
Phone: (949)-454-9089 • E-mail: joe954@hotmail.com
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