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Rich Witterschein is a seasoned finance professional with extensive experience in treasury management, financial analysis, and portfolio management. He has held senior roles at top financial institutions, including Ambac, New York Life, and Nextel Communications. Rich holds an MBA from Fairleigh Dickinson University and a Bachelor of Arts degree from The College of New Jersey.

Experience

  • Ambac
    • New York City
    • Managing Director-Treasury
      • Sep 2013 - Sep 2017
      • New York City

      Managed 12 member treasury department for this financial guarantee insurance company. Responsibilities include: asset/liability management, cash forecasting, short term investment, bank relations, daily cash management operations including wire transfers, premium operations and securities settlement. Accomplishments include: implementation of new portfolio management and operations trading platform, $225 million innovative capital markets transaction, updating and improving cash forecasting process, re-organizing accounts payable process and streamlining policies and procedures. Member of firm’s Asset/Liability Committee (ACLO).

    • 1st VP & Treasurer
      • Jul 2007 - Mar 2012

      Led and managed the treasury department of this $200B mutual life insurance company with responsibility for, managing and safeguarding the company's cash position; managing short term liquidity; providing critical cash forecasting information to maximize the asset / liability match and investment returns; partnering with business units to identify and implement efficient, safe and cost-effective cash management processes; representing the company to the banking community; managing banking relationships; and managing the company's capital markets activities.

    • United States
    • Financial Services
    • 700 & Above Employee
    • Vice President and Deputy Treasurer
      • 2000 - 2007

      Assisted Sr. VP and Treasurer in all aspects of managing the department including monitoring and managing departmental operations and budgets including the company's $10M annual bank fee budget. Also responsible for managing and monitoring compliance with company's debt compliance covenants.

    • Assistant Vice President/Director
      • 1996 - 2000

      Responsible for Treasury Services Unit consisting primarily of identifying, designing and implementing cash management processes; client service and bank relations.

    • Treasury Manager
      • 1994 - 1995

  • ADP
    • Roseland
    • Sr. Treasury Analyst/Cash Manager
      • 1987 - 1994
      • Roseland

  • Delphi Financial Services
    • Greater New York City Area
    • Sr. Accountant
      • 1985 - 1987
      • Greater New York City Area

Education

  • 1990 - 1994
    Fairleigh Dickinson University
    MBA, Finance
  • 1980 - 1984
    The College of New Jersey
    Bachelor of Arts (B.A.)

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Investment Banking”

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