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Michael Kyer is a seasoned finance professional with extensive experience in financial analysis, strategic financial planning, and risk management. He has held various leadership positions in finance, including Director at TIAA and Corporate Real Estate Business Unit Controller at UBS. Michael has a strong educational background, holding an MBA from Pace University and a BA from SUNY Potsdam.

Experience

  • Orbis Books
    • Ossining, New York, United States
    • Finance Specialist
      • Jul 2022 - Present
      • Ossining, New York, United States

  • Yorktown Volunteer Ambulance Corps
    • Yorktown, New York, United States
    • Emergency Medical Technician
      • Apr 2021 - Sep 2022
      • Yorktown, New York, United States

  • TIAA
    • Greater New York City Area
    • Director
      • May 2014 - Dec 2020
      • Greater New York City Area

    • Controller
      • Apr 2013 - May 2014
      • New Rochelle, NY

    • Switzerland
    • Financial Services
    • 700 & Above Employee
    • Corporate Real Estate Business Unit Controller
      • Oct 2009 - Nov 2012

      Established a Real Estate and Services accounting team to effectively manage direct costs of ($500 million) and a global balance sheet of ($5 billion).Assessed the team’s strengths and assigned individuals to either direct cost control and reporting of ($500 million) or balance sheet control reporting of ($5 billion) based on their individual strengths:A newly motivated team, robust quality standards and sound accounting principles were used to better inform the business client.Provided the client with tools to clearly track, monitor and analyze their costs, savings of ($10 million to $20 million) a year were achieved.Development of the regional balance sheet report resulted in high level reporting and critical analysis of the global real estate balance sheet.Led the monthly in depth forecast reviews of real estate and services costs to assure the business client that all spending currently projected was legitimate and necessary to reach their goals and achieve their savings.Conducted the quarterly balance sheet review of real estate provisioned properties to be sure the business was not over or under accrued for future expenses.

    • Business Unit Controller
      • Jul 1997 - Nov 2012

    • Controller for Global IT
      • Jan 2000 - Oct 2009

      Managed a staff of 10+ global financial analysts with overall responsibility for P&L analysis, design, and implemented the global wide billing system for 75,000+ individual users.Evaluated the firms global IT spend with a team of technical IT and IT Finance professionals leading to a commitment from the assembled team to reduce IT spending by ($175 million) as a result of combining globally like groups to increase efficiencies.Led a team of global IT finance professionals in support of the desktop product.Developed and socialized the underlying profit and loss for the desktop product and created a billing mechanism to globally bill each individual user.Established a multi-year business strategy to use the synergies of the combined global organization to reduce spending and headcount leading to ($5 million to $10 million) in savings each year contributing to the achievement of the total ($175 million) in savings for the entire global IT organization which was accomplished.

    • Business Unit Controller
      • Jul 1997 - Jan 2000

      Managed a staff of 7+ financial analysts with overall responsibility for P&L analysis, design, and implemented the US wide distribution of the replacement of all 7,000+ desktop PC’s in the home office locations and all field locations. Developed, implemented, and socialized a multi-year branch and client savings strategy that facilitated the overall business vision and objectives. This process became the foundation for roll out of new desktops and accounting for the costs in the proper location P&L.Led the IT Finance staff and developed all reporting package initiatives within the US region. Created a tracking process for all capital plan projects for a capital plan in excess of ($200 million)Developed the contractor spending report to provide transparency for total spend and recommend savings when necessary.

    • Manager of Accounting and Finance
      • Jan 1996 - Jan 1997

      of Accounting and Finance Prepared the monthly P&L packages on firm wide IT spending and presented them to the Senior Partners in the home office to be sure all targets were being hit and unanticipated costs were not creeping in.Evaluated all major expense proposals for any IT spending in all 300+ locations to assure they were properly budgeted and met the expectations for cost and completion.Recommended and implemented cost savings strategies and reduced spending nationally by over ($10 million).Prepared all monthly accruals, costs allocated to the branches and provided variance explanations on any anomalies being sure all location P&L’s were accurate as they were the basis for branch manager compensation.

    • Facility Budget Director
      • Jan 1985 - Jan 1996

      Reviewed all facility expense proposals before any purchase orders could be released.Tracked all capital spending projects to assure the proper bond funding was applied and to stop any spending not outlined in the original bond funding proposal.Prepared all senior level presentations on a monthly and quarterly basis with particular focus on the spending as it related to the yearly approved budget.Developed savings plans and presented ideas to contribute to the firm’s bottom line.

    • Loan Officer
      • Jan 1983 - Jan 1985

      Full time university loan officer while attending graduate school full-time

Education

  • Pace University
    MBA, Finance
  • SUNY Potsdam
    BA, History Education

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Industry Focus. “Financial Services”

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