David P Balcom
Williamsville,NY
Summary
Results-driven Financial Manager experienced in financial statement review, analysis, budgeting, profitability and reporting. Well-versed in evaluating department operations and handling month- and year-end closings. Meticulous, conscientious and methodical in approach. Detail-oriented team player with strong organizational skills. Ability to handle multiple projects simultaneously with a high degree of accuracy.
Overview
23
23
years of professional experience
Work History
Sr. Vice President
Citigroup
06.2013 - Current
- Treasury FP&A Manage headcount and expense plan, variances analysis and controls for Treasury Division
- Develop reporting, tracking and analysis of Treasury Headcount and plan/forecast expense impact globally
- Helped to facilitate rapid resource growth over a 2-year period to address consent orders and other regulatory requirements.
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Developed measurement tools, dashboards and reports to track metrics on adoption and effectiveness of initiatives.
- Strengthened relationships with key stakeholders, fostering trust and collaboration across the organization.
- Optimized budgeting processes for greater transparency and control over financial resources, resulting in more informed decision-making.
Product Control Manager, Controller
Citibank
08.2018 - 10.2019
- Managed multiple analyst team's lead by junior managers.
- Profit Attribution Analysis for all Municipal products
- Drove multiple open data quality projects, coordinating with development teams
- Member of Spread Products Controls Leadership Team covering over 50 FTE
- Updated quality control standards, methods, and procedures to meet compliance requirements.
- Signed off on daily product specific revenue P&Ls
- Established robust risk mitigation strategies to safeguard against potential operational challenges or disruptions.
- Led change management initiatives to drive organizational transformation without compromising employee morale or productivity levels.
Controller, VP Global Wholesale Controllers
Citi
02.2016 - 08.2018
- Managed a team of analysts.
- NAM Controller for Issuer and Investor Services segments (~26B asset size).
- Global controller of assets under (Custody, Management and Trust) (~15T assets).
- Drove system improvements for data quality and efficiencies, authoring business requirements documents.
- Managed preparation and presented on segment results to senior management and Business Heads.
- Updated quality control standards, methods, and procedures to meet compliance requirements.
- Lead team of analysts to grow their accounting and finance knowledge, identify and address development areas and grow their business acumen.
- Reduced month-end closing time by optimizing reconciliation procedures and improving collaboration between departments.
- Conducted thorough risk assessments to safeguard company assets and maintain compliance with regulatory requirements.
Business Analyst
Citi
06.2013 - 02.2016
- Treasury Liquidity Program; Streamlined project management with effective communication and collaboration across cross-functional teams.
- Worked on complex projects to support business with new federal reporting requirements while building efficiencies in data aggregation, integrity, and granularity
- SME on various liquidity reporting requirements and systems
- Improved business processes by analyzing current practices and recommending optimization strategies.
- Increased efficiency in resource allocation by conducting detailed business requirements analysis. Developed Business Requirement Documents, Functional Requirement Documents, Project Plans, UAT Test Scripts, User Guides and Change Request documents.
- Facilitated change management initiatives, ensuring smooth transitions during organizational transformations.
Sr. Consultant
Financial / Diebold Inc
01.2011 - 06.2013
- Developed and presented financial analysis, pricing analysis and ROI on recommendations for Branch/ATM network Optimization to client base
- (Regional and Community Banks and Credit Unions) Provided macro and financial sector economic outlooks with quarterly reviews providing industry, regulatory, and general economic insight to the Investor Relations Team in support of the quarterly earnings call
- Co-authored Branch Transformation Advisory Services whitepapers and webinars.
Sr. Financial Analyst
Lactalis American Group
03.2008 - 01.2011
- Part of cross-function team generating and executing SKU optimization resulting in savings and efficiencies
- Managed multiple projects on tight timelines
- Modeled how innovation influenced strategic product lines and provided ROI analysis
- Developed and presented competitive analysis on the Industrial Cheese and By-Products Channels
- Regularly built pro forma pricing analysis to illustrate impacts of import and commodity costs on product P&Ls
- Coordinated annual Budget and Three-Year Strategic Plans
- Managed monthly close and profitability analysis.
- Developed presentations and reports to inform and educate stakeholders and financial teams on growth possibilities.
- Collected data and developed detailed spreadsheets to identify trends and create revenue, profitability, and expense forecasts.
Financial Analyst/ Officer
M&T Bank
02.2001 - 03.2008
- Segment Finance, FP&A – Performed annual budget, forecasting, dashboarding and variance for assigned support segments including Finance, Human Resources and Internal Audit
- Worked through multiple levels within Treasury Operations up to supervisory function.
Education
MBA - Finance
Canisius College
Buffalo, NYBachelor of Arts - Political Science
SUNY Buffalo State
Buffalo, NYAssociate of Applied Science - Criminal Justice
SUNY Erie Community College
Skills
- Budgeting; Short and Long-Term Forecasting
- Project Management
- Business Intelligence Tools
- Risk and Controls
- Data Analysis
- Complex Problem Solving
- Staff Development
- Results Orientation
Activities
- Community Outreach Chair for Families EDI Network
- City Mission
- Lead STEM Activities at Local High Schools
- Habitat for Humanity
Timeline
Product Control Manager, Controller
Citibank
08.2018 - 10.2019
Controller, VP Global Wholesale Controllers
Citi
02.2016 - 08.2018
Business Analyst
Citi
06.2013 - 02.2016
Sr. Vice President
Citigroup
06.2013 - Current
Sr. Consultant
Financial / Diebold Inc
01.2011 - 06.2013
Sr. Financial Analyst
Lactalis American Group
03.2008 - 01.2011
Financial Analyst/ Officer
M&T Bank
02.2001 - 03.2008
MBA - Finance
Canisius College
Bachelor of Arts - Political Science
SUNY Buffalo State
Associate of Applied Science - Criminal Justice
SUNY Erie Community College