Brent Braunstein
Irvine,CA
Summary
Persistent leader eager to lead and grow organizations. Skilled in strategic planning, problem-solving, and communication with good understanding of business principles, project management and team leadership. Collaborative with relentless work ethic.
Overview
24
24
years of professional experience
Work History
Chief Operating Officer
MAS Financial Services
11.2014 - Current
- Ensure the company has proper operational and Financial procedures
- Make operational decisions to determine risk versus reward strategies to build company profitability
- Managed the budgeting, forecasting, reporting and business analysis for auditors.
- Collaborate with my management team to ensure employee retention, company vision and goals for the company.
- Responsible for Sales, Underwriting, Collections, Funding and all admin functions
- Oversaw $51 million portfolio of full spectrum auto loans from both Independent and franchise dealers
- Developed company from small local company into regionalized national lender covering all of California, Arizona, Colorado and Nevada
- Responsible for vendor management and all contractual agreements
- Negotiated financial backing of the company with large banks to develop future growth
Vice President
JP Morgan Chase
06.2004 - 11.2014
- Auto Finance Non-Prime Center Manager
- Opened the first non-prime auto finance center in Southern California for Chase which ultimately splintered off into 4 additional centers due to increased volume and financial growth
- Trained and developed other Center Managers for the California market
- Oversee a $150 million portfolio with a mix of prime, near prime and sub-prime auto receivables
- Built the Irvine office into the largest non-prime auto finance office in Southern California for Chase
- Managed a staff of as many as 23 individuals overseeing Underwriting, Collections and Funding covering Orange and Los Angeles Counties
- Accountable for ensuring the team maintains the required internal control standards, including adherence to audit, regulatory and compliance policies
- Managed center to be consistently ranked in the top 10 nationally for Chase relative to the 45 other centers in a high risk non-prime credit area through the changing and declining economic credit cycle during the recession
- This ranking was based on volume, profitability, Return on investment, and credit losses
- Assure that the risk / reward ratio (pricing) is properly balanced on all transactions
- Manage all credit exceptions
- Responsible for managing center performance to meet key indicators such as budget and audit concerns
- Perform ad-hoc portfolio analytics to identify performance trends and allow for proactive counter-measures to be implemented
- Established processes and procedures to ensure compliance with service levels
- Manage site profitability by monitoring and addressing pricing, credit mix, rate breakage and Loan to Value
- Manage and maintain center profit and loss numbers in relation to financial balance sheet
- Oversee and implement credit underwriting procedures and processes including compliance and increased regulatory guidelines
- Participate in Risk and Control (RCSA) Management activities
- Monitor and manage financial impact analysis, strategic organizational changes, service performance measures and effective salary and expense management.
Chase Auto Finance Dealer Management Project Team
JP Morgan Chase
01.2012 - 08.2012
- Assigned to a 5 member corporate task force to develop credit and risk procedures for a new Chase Dealer Management Department
- This department developed credit and risk standards to identify dealers that could cause Chase reputational risk for questionable business practices or losses resulting from fraud
- Helped to develop improved control standards to satisfy increased Consumer Financial Protection Bureau rate participation monitoring for fair lending in regards to protective classes.
Southern California Branch Manager
Triad Financial
06.2003 - 06.2004
- Manage an office of 12 individuals for the underwriting and funding of auto loans
- Responsible for overall branch performance metrics in regards to profitability and delinquency
- Developed and trained personnel to be one of the most successful centers in the country in regards to profitability and performance metrics
- Coordinated with upper management to develop strategic programs and goals
- Aligned goals to develop both sales and credit objectives.
Area General Manager
AmeriCredit Financial Services
06.1999 - 05.2003
- Completed Management Training Program in which I was exposed to every department within the company such as collections, funding, strategic planning and underwriting
- Directly responsible for management and personal development of branch staff
- Proficient in sales, credit decisioning and dealer marketing (strategic, direct, and indirect)
- Raised branch volume from $1.5 million to $4 million per month in auto receivables which led to an increase return on managed assets for 9 consecutive quarters
- Developed and maintained relationships with auto dealerships including General Managers, Sales Managers and Finance Departments
- Worked in various markets such as Phoenix, San Diego and Irvine.
Education
Bachelor’s degree - Finance
University of Arizona
01.1999
Skills
- Strategic Planning
- Operations Oversight
- Compliance Management
- Planning and Execution
- Business Forecasting
- General Management and Administration
- Contract Negotiation
- Business Analysis
References
References available upon request
Timeline
Chief Operating Officer
MAS Financial Services
11.2014 - Current
Chase Auto Finance Dealer Management Project Team
JP Morgan Chase
01.2012 - 08.2012
Vice President
JP Morgan Chase
06.2004 - 11.2014
Southern California Branch Manager
Triad Financial
06.2003 - 06.2004
Area General Manager
AmeriCredit Financial Services
06.1999 - 05.2003
Bachelor’s degree - Finance
University of Arizona
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