LIONSCOVE

Real estate investment firm that specializes in private lending through origination of short-term real estate loans using an Evergreen Debt Fund Structure.

Lead front end and back-end lending teams for an evergreen debt fund overseeing $30M of investor funds.   Assessed team members skills and weaknesses, created quarterly SMART goals, and empowered team to modify workflow procedures that saw non-performing loans reduced by 90%.

•	Implement strategies, policies, and procedure changes to mitigate LIONSCOVE risk, decrease the amount of time to close a loan, and improve customer experience
•	Underwriting: Lead the credit committee evaluate clients’ creditworthiness, approve or reject loan requests based on credibility and potential revenues and losses, and manage the loan pipeline from terms to closed
•	Work cross functionally with sales team and support functions to collect input and ensure process is aligned by all functions in the organization
•	Conduct periodic assessments to ensure policies and procedures are meeting goals 
•	Ensure the accuracy of all necessary criteria for specific loan types, products, rates, and fee structures, accurate data input into loan origination system, and collateral tracking
•	Provide final approval on loan documents, wire amounts, draws, modifications, extensions, and loan payoffs

Operations Management Consultant

Griffin Structures

Lead corporate accounting department and treasury management functions for 11 separate entities and $80M+/year gross revenue.  Created, scaled, and optimized financial processes and compliance controls during 5 years of exponential company growth: employee headcount doubled, total active projects grew 72%, sales backlog grew 433% with a burn rate increase of 52%. 

•	Partner with CFO to provide internally-prepared financial statements for insurance brokers, bank underwriters, and joint venture partners. Prepare monthly financial package for CFO and CEO including P&L, budgets and profitability/productivity metrics identifying P&L revenue variances and trends 
•	Developed, implemented, and scaled departmental financial policies, procedures, timelines, and compliance controls, ensuring consistent reporting and informed strategic decision-making across management levels; efforts contributed to leadership’s ability to grow company by over 50%
•	Increased LLC accounting team efficiency by 25% through streamlined draw processes.  Coordinated with lenders and project management teams ensuring execution of financial transactions and adherence to equity structures and agreements. Review monthly loan packages for Public Private Partnership financed projects.
•	Oversee management of corporate bank accounts, wire transfer reviews, and relationships with financial institutions.  Efforts led to streamlined financial processes, enhanced cash management, fraud protection procedures and the implementation of interest income products
•	Expedited subcontractor funding by 20%, facilitating project timelines and avoiding delays.  Monitor and forecast cash balance requirements in collaboration with project management, fulfilled funding requests promptly ensuring adequate liquidity
•	Transitioned team accounting operations to cloud-based system during COVID-19 pandemic

Controller

Advanced Property Services

Oversaw the accounting functions and financial reporting process for joint venture and partnership owned assets.  Compiled requisite periodic financial reporting for lenders (Pacific Life, Bank of America) & 3rd party investors including waterfall schedules for distribution of funds.

•	Audited monthly financial package after month-end close including, but not limited to, income statement, cash flow statement, balance sheet, and monthly bank reconciliations for investor presentations
•	Analyzed variances relating to budgeted expenses, assisted Tax & Audit Accountant with budget preparation and implementation
•	Reconciled escrow accounts and booked monthly journal entries for loan principal, mortgage interest, impounded property tax, and real estate insurance

Property Accountant

Consulting Projects

Mobilitie, Commercial Asset Management Division | Largest privately-held wireless infrastructure provider in the U.S.	Irvine, CA
HomeUnion, Real Estate Fintech Startup | SFR Real Estate Investing Marketplace, $50M AUM, 600+ SFR homes in 13 markets nationally
Coldwell Banker, PM Division | $30M division; $4B parent, 16,000 SFR homes nationally

Managed property accounting with 240 active accounts across five profit centers in Southern California.  Collaborated with and incorporated 3rd party corporate partner financials, created waterfall schedules reflecting payment schedules, and participated in two separate system integration efforts.

•	Improved communication, timing, and efficiency by 20% in transfer of data from 3rd party corporate partners by collaborating with asset management and property management accountants on effective scheduling and managing leadership expectation
•	Owned auditing, interpreting, and abstracting lease terms, pass-through expenses, collocation base rent adjustments, commencement dates, expiration dates, and renewal/non-renewal deadlines
•	Onboarded, tracked, created waterfall schedules, and managed portfolio of telecom tower sites by capturing base rent changes, fixed step increases, CPI increases, and tower modification projects for tenants Verizon, T-Mobile and AT&T
•	Assigned to Sprint Small Cell project: audited, interpreted, and ensured quality control of master license agreements, right of way agreements, municipal authorizations, and municipal codes
•	Prepared client data for import during system integrations and upgrade processes: once for start-up and once for an acquisition

Property Accountant/Analyst Commercial Asset Management

Revealed Business Solutions (Contract)

Provided consulting services for small businesses and non-profit enterprises to streamline the flow of information among departments, improved financial controls, and consulted on business growth opportunities.

•	Performed cost benefit analysis for event center start-up by compiling and utilizing quantitative market research to create spreadsheets and presentations to establish competitive market pricing.  Insights offered critical data support to management
•	Brought delinquent international grades department current within three months and created a system of recording to facilitate communication within the department
•	Selected as Interim Head of A/P department for a non-profit.  Earmarked payables for payment with previously budgeted funds with CEO and Accounting Manager approval in accordance with 501(c)3 guidelines
•	Reviewed investment process and corresponding broker fees at the City of Redlands finance department; recommended the frequency of bond buying/selling be curtailed as the cost in broker fees was greater than proceeds from sale

Small Business Consulting / Project Analyst Assistant / Tax Accountant Assistant

Every position has been a step, every new skill a building block.  Ultimately, these steps will lead to  collaborating with experienced professionals with a vision to acquire under-performing assets and transform them into examples of growth.  Once positive, these assets will spread their health financially, emotionally, spiritually, and socially, externally to the community around them and internally to the valuable people who made growth a reality.

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Steven Hume, M.B.A.'s Linkedin Analytics