Brandee Frank
Shakopee,MN
Summary
Accomplished Controller with a proven track record at Granite Point Mortgage Trust Inc., adept in financial services accounting and leading high-performance teams. Expert in GAAP technical research, SEC reporting, and implementing robust internal controls. Achieved seamless system integrations, enhancing productivity and compliance. Goal-oriented professional offering many years of experience within Financial Services Industry. Expert in advising business executives to achieve financial goals and growth targets. Accomplished in improving financial operations by introducing robust internal controls, processes, and standards.
Overview
19
19
years of professional experience
Work History
Controller
Granite Point Mortgage Trust Inc.
St. Louis Park, Minnesota
07.2020 - 03.2024
- Expertise in setting up a highly performing accounting and finance team to support finance and accounting functions, and drive growth.
- Experienced corporate leader who has led multiple senior team members across the finance and accounting organization, including operational accounting, corporate accounting, tax, treasury, and cash management.
- Adept to analyzing planning and performance management, including Managed quarterly and year end SEC reporting process including construction of companies quarterly 10Q and annual 10K
- Used US GAAP to shape technical accounting policies and procedures.
- Created internal controls and corrective actions to reduce risk or deficiencies.
- Modified comprehensive financial reporting package to reflect growing organizational complexity and managed financial reporting processes to validate internal and external financial results align with GAAP.
- Complied with SOX guidelines and developed policies to maintain compliance with other regulatory statutes.
- Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
Controller
Verus Mortgage Capital
Bloomington, Minnesota
06.2018 - 06.2020
- Extensively experienced Controller and Finance Manager with a demonstrated track record of leading the preparation and analysis of financial reports to summarize and forecast the financial position.
- Proven expertise in driving efficiencies and productivity through the evaluation of financial management systems and the implementation of process improvements.
- Talented leader directing highly skilled financial management teams to support the achievements of overall corporate goals and objectives.
- Implemented a new loan accounting system – moved from manual accounting in spreadsheets to an integrated loans accounting system that interfaced directly with our operations system and general ledger system.
- Responsible for organizational cash management and forecasting, managed the acquisition and cash management process of over $500 million in monthly production.
- Prepare, examine, and analyze accounting records, financial statements, and other financial reports for two companies to assess accuracy, completeness, and conformance to GAAP reporting and procedural standards.
SENIOR DIRECTOR OF OPERATIONAL ACCOUNTING
Ally Financial Services/ ResCap, LLC, Liquidating Trust
Bloomington, Minnesota
04.2012 - 11.2017
- Promoted 04/2012 pre-bankruptcy filing to direct all accounting operations and reporting, including loan accounting, servicing accounting, securities accounting, hedge accounting, and international accounting.
- In addition, I was responsible for leading the research and development of new accounting policies and GAAP accounting standards for the organization’s operations.
- I was heavily involved with bankruptcy proceedings and outside requests by the creditors as they relate to the bankruptcy.
- Implemented new accounting processes and procedures under a liquidation accounting basis.
- Developed and implemented new SEC and GAAP-compliant liquidation basis financials.
- Set up a new operational accounting process for all accounting areas as a result of the 363 sale and bankruptcy.
- Responsible for billing, relationship management, and our outside servicer.
- As a result, I have extensive experience in problem-solving and issue resolution.
senior financial reporting manager / director
Ally Financial Services/ ResCap, LLC, Liquidating Trust
Bloomington, Minnesota
01.2010 - 12.2012
- Promoted in December 2009, post-organizational transition from SEC to private financial corporate status, to direct all external financial reporting, including annual and quarterly public financial disclosures, and unaudited public quarterly financials.
- Managed a multi-level team consisting of staff, contractors, and project team members.
- Served as the liaison between the parent company (SEC filer), bank holding reporting, and external audit firms.
- Accountable for all technical accounting research related to new business transactions and acquisitions.
- Led and managed all ongoing change management associated with the business.
Securities Finance Manager
Residential Capital Group – GMAC Rescap
01.2005 - 12.2008
- Recruited to implement new hedge system for derivatives
- Trained, developed, mentored, supervised and evaluated 8 accountants
- Managed daily/month-end accounting for Securities and Derivative operations accounting team
- Delivered financial reporting, including footnotes, audit schedule and corporate reporting
- Led implementation of 3 separate hedge portfolios with zero interruption of accounting operations
- Automated/converted portfolio of $1B in outstanding hedges-about 200--into 1 system
- Facilitated validation and metrics for all hedge valuations
- Reduced 1 FTE; cut outside resources
- Directed several system upgrades for Securities and Derivative accounting systems
- Developed documentation compliant with FAS133 standards on cash flow and fair value hedging
- Created standard detailed SOX documentation; led SOX walk-throughs with external audit team
Education
MASTERS OF BUSNIESS ADMINISTRATION - CONCENTRATION IN ACCOUNTING
Keller School of Management
Edina, Minnesota12.2014
bachelor of science - accounting
Metro State University
Minneapolis, Minnesota12.2003
Skills
- Financial Services Accounting Process
- Software, Network Redesign, Conversion, Implementation
- Talent and Performance Management
- Seamless Multi-Unit System/Process Integration
- Internal/External Audits
- Financial Reporting & Disclosures
- GAAP Technical Research
- SEC and Bank Regulatory Filings and Reporting
- Change Management
- Internal controls
- Securities and Derivative Operations
- Project and Matrix Team Management
- SOX and Regulatory Compliances
- Process Mapping and Control Matrices
Timeline
Controller
Granite Point Mortgage Trust Inc.
07.2020 - 03.2024
Controller
Verus Mortgage Capital
06.2018 - 06.2020
SENIOR DIRECTOR OF OPERATIONAL ACCOUNTING
Ally Financial Services/ ResCap, LLC, Liquidating Trust
04.2012 - 11.2017
senior financial reporting manager / director
Ally Financial Services/ ResCap, LLC, Liquidating Trust
01.2010 - 12.2012
Securities Finance Manager
Residential Capital Group – GMAC Rescap
01.2005 - 12.2008
MASTERS OF BUSNIESS ADMINISTRATION - CONCENTRATION IN ACCOUNTING
Keller School of Management
bachelor of science - accounting
Metro State University
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