Taking a Pulse with Financial Institutions: 2020 Profitability Strategies
With the advent of COVID-19 and the resulting economic downturn and uncertainty, accurately identifying your profitability drivers is critical. It is imperative to understand how your customers, relationships, branches, channels, officers and products contribute to the bottom line. Finance leaders concur. In joint research recently conducted by Kaufman Hall and FMS, 87% of financial institutions said they should to do more to leverage profitability analysis to inform strategic decisions.
Join FMS and finance leaders from Umpqua Bank, Baxter Credit Union, and First Midwest Bank, and finance experts from Kaufman Hall, for a panel discussion of our research results?and learn how today’s profitability management has changed in the face of COVID-19 and the current economic environment.
Director of Finance and Credit Risk, Baxter Credit Union
Brett Engel currently serves as Director of Finance and Credit Risk Management at Baxter Credit Union, a $4.1 billion credit union headquartered in Vernon Hills, Illinois. Brett has a bachelor’s degree in Finance from the University of Illinois and Urbana-Champaign and earned an MBA from The University of Chicago Booth School of Business with concentrations in Finance, Econometrics and Statistics.
SVP - Financial Planning and Analysis Director, Umpqua Bank
Daniel Groom has been with Umpqua Bank since 2006, serving the Company through a variety of roles. Currently Daniel serves as Senior Vice President/Director of the Financial Planning & Analysis, primarily focused on internal reporting, budgeting, forecasting, profitability/pricing, and supporting the Capital Planning and Accounting/Treasury departments. Prior to his current role, Daniel served as the Assistant Controller of Reporting & Policy, in charge of SEC and regulatory reporting. Since joining the Company, Umpqua Bank has grown from approximately $5.5 billion to over $29 billion.
VP - Manager Financial Profitability and Pricing Systems, First Midwest Bank
Dennis Powers is Vice President and Manager of Profitability and Pricing Systems for First Midwest Bank. Serving in this role for the past four years, Dennis leverages multiple software platforms to build relationship profitability awareness and help lenders deepen relationships at his institution. Prior to First Midwest, Dennis spent 16 years at Bank of America in lending and leadership roles. Dennis is a Certified Public Accountant, and holds a Bachelor’s degree in Accounting from Illinois State University.
Senior Solutions Engineer - Financial Institutions, Kaufman Hall
Bryan Ridgway is a Senior Solutions Engineer within Kaufman Hall’s Axiom Software Financial Institutions practice. In this role he assists clients and prospects in understanding how the Axiom solutions can help analyze and improve their overall financial performance. In addition, he provides industry thought leadership through the creation and delivery of articles, webinars and conference speaking engagements.
Bryan has twenty-five (25) years of experience in the financial risk and performance management areas within the banking industry. Prior to joining the Axiom team, he was the Director of Product Management for the financial risk and performance management solutions at Fiserv, where he was responsible for leading overall business strategy in this area, including the development of funds transfer pricing, budgeting and planning, and asset liability management solutions.
Industry Practice Lead, Kaufman Hall
Jeff Truitt is a Practice Lead on the FI Professional Services team at Kaufman Hall. He leads a team of consultants who implement profitability and relationship pricing software as well as provide best practice for the financial services industry. Jeff has over 10 years of finance, software, and technology experience, spending the last 3 years as a Profitability Analyst for a credit union in Illinois, with prior experience at a software start-up company and communication technology firms.
Jeff holds an Executive M.B.A. from the University of Illinois at Urbana-Champaign, and a Bachelors degree in Finance and Entrepreneurship from The University of Kansas.
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- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
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|| Earn up to 1 hours of CPE credit.
- Level: Basic
- Prerequisites: None
- Advance preparation: None
- Field of Study: Management Services - Technical
- Instructional Method: Group Internet Based
- Length: 60 minutes
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