Brandee Frank
Shakopee,MN
Summary
With over 25 years of experience in the financial services industry, my career has been defined by progressive accountability in diverse finance and accounting units. Throughout my journey, I have consistently been recognized for integrity and above-and-beyond contributions, especially during times of organizational restructurings and economic downturns. I have successfully led teams and processes to achieve key financial and operational goals. Driven by challenge and always ready to seize new opportunities, I hold a Bachelor's degree in Accounting and an MBA. I possess strong analytical, communication, and teamwork skills. Known for quick adaptation to new environments, I am eager to contribute to team success and further develop professional skills. With a positive attitude, commitment to continuous learning and growth, I am ready to make a significant impact in any organization.
Overview
19
19
years of professional experience
Work History
Controller
Granite Point Mortgage Trust Inc.
07.2020 - 03.2024
- Expertise in setting up a highly performing accounting and fiancé team to support finance and accounting functions and drive growth
- Experienced corporate leader that has led multiple senior team members across the finance and accounting organization including Operational accounting, Corporate accounting, Tax, Treasury and cash management
- Worked closely with senior executive team and consultants to implement a company-wide financial risk management framework, reducing financial risk by 25%
- Established a robust internal control system and SOX compliance, reducing SOX findings by 100% and improving compliance
- Adept to analyze planning and performance management, including managed quarterly and year end SEC reporting process including construction of companies quarterly 10Q and annual 10K
- Oversee the preparation of financial forecasts, budget reports, and operational metrics tracking
Controller
Verus Mortgage Capital
06.2018 - 06.2020
- Highly experienced Controller and Finance Manager with a demonstrated track record of leading the preparation and analysis of financial reports to summarize and forecast financial position
- Proven expertise in driving efficiencies and productivity through evaluation of financial management systems and implementation of process improvements
- Talented leader directing highly skilled financial management teams to support achievements of overall corporate goals and objectives
- Implemented new loan accounting system – moved from manual accounting in spreadsheets to an integrated loan 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 2 companies to assess accuracy, completeness, and conformance to GAAP reporting and procedural standards
- Executive management team member responsible for planning and implementing new business control processes and financial/ERP systems
SENIOR DIRECTOR OF OPERATIONAL ACCOUNTING
Ally Financial Services/ ResCap, LLC, Liquidating Trust
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 have experience with managing multiple-member teams
- I was heavily involved with bankruptcy proceedings and outside requests by the creditors as it relates to the Bankruptcy
- Implemented new accounting processes and procedures under liquidation accounting basis
- Developed and implemented new SEC and GAAP compliant liquidation basis financials
- Set-up new operational accounting process for all accounting areas because of the 363 Sale and bankruptcy
- Moved from direct system feeds to a semi-automated and manual process
- Responsible for billing relationship management with 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
01.2010 - 12.2012
- Promoted 12/2009 post organizational transition from SEC to private financial corporate status, to direct all external financial reporting, including annual/quarterly public financial disclosures, unaudited public quarterly financials
- Managed a multi-level team consisting of staff, contractors and project team members
- Served as the liaison between parent company (SEC filer), bank holding reporting, and external audit firms
- Accountable for all technical accounting research related to new business transactions and acquisitions
- Lead and managed all ongoing change management associated with the business
FINANCIAL REPORTING MANAGER
Ally Financial Services/ ResCap, LLC, Liquidating Trust
01.2008 - 12.2009
- Promoted 12/2009 post organizational transition from SEC to private financial corporate status, to direct all external financial reporting, including annual/quarterly public financial disclosures, unaudited public quarterly financials
- Managed a multi-level team consisting of staff, contractors and project team members
- Served as the liaison between parent company (SEC filer), bank holding reporting, and external audit firms
- Accountable for all technical accounting research related to new business transactions and acquisitions
- Lead and managed all ongoing change management associated with the business
Securities Finance Manager
Residential Capital Group – GMAC Rescap
01.2005 - 01.2008
- 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 200into 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
- Equity compensation
- Talent & Performance Management
- Internal/External Audits
- Financial Reporting & Disclosures
- GAAP Technical Research
- SEC & Bank Regulatory Filings/Reporting
- SOX & Regulatory Compliances
- Change Management
- Internal Controls accounting
- Seamless Multi-Unit System/Process Integration
- Software & Network Redesign/Conversion/Implementation
- Securities & Derivative Operations
- Project & Matrix Team Management
- Process Mapping & Control Matrixes
- Internal controls development
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
FINANCIAL REPORTING MANAGER
Ally Financial Services/ ResCap, LLC, Liquidating Trust
01.2008 - 12.2009
Securities Finance Manager
Residential Capital Group – GMAC Rescap
01.2005 - 01.2008
bachelor of science - accounting
Metro State University
MASTERS OF BUSNIESS ADMINISTRATION - CONCENTRATION IN ACCOUNTING
Keller School of Management
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