Experience

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  Michael A. Mccann, Cpa

  • Principal

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  Michael A. McCann, CPA

  • Cincinnati, OHio (Chicago, ILlinois 1993-1998)

  • Principal

    • May 1993 - Present
    • Cincinnati, OHio (Chicago, ILlinois 1993-1998)

    ACCOUNTANT – SENIOR ACCOUNTANT & FINANCIAL ANALYST INDEPENDENT CONSULTANT Cincinnati & ChicagoPerforming financial, investment and loan-related accounting, analytical and consulting services on a temp/contract basis, primarily through firms such as Accountemps, Ajilon Finance, National Affinity Group, & kforce.com.

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  Access Credit Union (Zenith Federal Credit Union)

  • Vice President - Finance

    • Aug 1993 - May 1994

    Managed the financial, accounting, and information systems functions, with a staff of 5. Prepared financial and regulatory reports and performed asset-liability management analyses on a monthly to quarterly basis. * Analyzed investment policy, portfolio, and accounting/recordkeeping system, offering recommendations for diversification, return enhancement, as well as refinement of investment accounting procedures. * Attracted an accomplished, talented, and bank-experienced college-valedictorian staff accountant to replace a marginal bookkeeper, at no additional cost. * Produced annual Budget, Forecast, & Projections using a detailed cash flow projection approach, including a margin projection and forecast using 3 different rate indices and volume scenarios. Modified the budget model to correct gaps and inconsistencies, focusing on average balances rather than period-end numbers for forecasting as well as historical reporting purposes. * Redesigned statement of cash flows to reflect and highlight more useful information.

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  Michael A. McCann, CFA, CPA

  • Principal

    • Mar 1991 - Aug 1993

    ACCOUNTANT – SENIOR ACCOUNTANT & FINANCIAL ANALYST INDEPENDENT CONSULTANT Chicago & DetroitPerformed financial, investment and loan-related accounting, analytical and consulting services on a temp/contract basis.

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  Michigan National Bank / Michigan National Corporation (now a part of Bank of America)

  • Farmington Hills (Detroit), MIchigan

  • Investment Banking Audit Consultant

    • Aug 1989 - Mar 1991
    • Farmington Hills (Detroit), MIchigan

    Planned and conducted audits and related consulting and valuation services for investment banking businesses of $10 billion regional commercial bank and S&L holding company. Focused on investment objectives and strategies; the nature, measurement, and control of risks; and identification of regulatory, compliance, and accounting/reporting issues. • Advised and recommended measures to Asset/Liability and Portfolio/Trading groups to enhance documentation of activity and holdings in $3+ billion portfolio. • Developed a complete set of audit programs for asset/liability management and bank's securities broker-dealer, enabling the bank regulators to limit their examination procedures. • Conducted systems review of new Money Management securities information system. Identified control weaknesses at vendor and user level.

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  Central Bancorporation / The Central Trust Company, N.A. (now PNC Financial Services Group)

  • Planning Analyst and Bank Officer (and CFO, F&O and Gen Secs Principal of Stock Brokerage Sub.)

    • Jun 1985 - Aug 1989

    A financial, asset/liability, and M & A analyst for this $6 billion regional multi-bank holding company. • Developed in-substance bond defeasance plan that satisfied GAAP requirements. • Refined CBC's M & A analysis model to handle branch acquisitions and incorporate deposit premium calculations, intangibles, and multiple payment options (cash, stock, etc.).Directed or performed all accounting, reporting, regulatory and compliance activities for CT$I. CT$I was the securities discount brokerage subsidiary of CBC's lead bank. • Developed a daily failed trades valuation system. • Developed system for measuring CT$I's foregone revenues from commission discounts, etc. • Assisted bank's securities dealer in trading desk and retail sales responsibilities. • Wrote a regulatory compliance manual for CT$I that surpassed NASD and MSRB requirements.

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  Molitor Loan & Building Co.

  • Treasurer & Controller

    • Apr 1984 - Jun 1985

    Located in Cincinnati, OH Molitor was acquired by The Central Trust Company, N.A. and Central Bancorporation in June 1985.Analysis, restructuring, and on-going management of investment, loan, and deposit liability portfolios, in addition to full responsibility for financial, accounting, and reporting functions for this $100 million S&L. Supervised accounting staff of 4. • Identified and analyzed bond swap opportunities. • Successfully negotiated $12 million secured line of credit for Molitor with its correspondent bank during the 1985 S&L crisis. • Aggressively managed cash position for annual savings of $20,000.

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  Permanent Savings & Loan Association

  • Vice President, Treasurer, & Controller

    • Jan 1981 - Apr 1984

    Located in Hamilton, OHioManaged and developed systems for the financial, accounting, and reporting functions for this $100 million S&L. Supervised accounting staff of 7. • Set up a money desk to operate a matched book public funds deposit program. Grew portfolio to $12 million (approximately 12% of total deposits) and added $65,000 per year to income. • Aggressively managed cash position for annual savings of $10,000.

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  Deloitte & Touche (Deloitte Haskins & Sells)

  • Senior Tax Accountant

    • Feb 1980 - Jan 1981

    Dayton, OH Office

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  Arthur Andersen & Co.

  • Staff Accountant - Auditor (IA)

    • May 1979 - Feb 1980

    in Dayton, OH Office (apparently may have been considered a branch/satellite office of Cincinnati, OH)

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  Ernst & Young (Ernst & Whinney)

  • Tax Intern

    • Dec 1976 - Feb 1979

    Dayton, OH Office