William McGrane
Troy,Michigan
Summary
Pragmatic professional with solid experience in leadership roles. Adept at implementing strategic business plans, driving growth and improving operations. Skilled in financial management and stakeholder relations. Collaborative and dedicated to building and leading talented and motivated individuals.
Overview
32
32
years of professional experience
1
1
Certification
Work History
Vice President, IO Corp & Asia Pacific Finance
GM Financial, Inc
10.2017 - Current
- Lead GMF IO's corporate finance teams including financial planning, variance analysis, management reporting and asset & liability management
- Cultivated strong relationships with key stakeholders, including GM and GMF China leadership, JV finance, risk, treasury and operations teams to promote collaboration and long-term success.
- Served as key contact for GMF functional teams facilitating their interactions with JV teams and successful completion of objectives
- Collaborated with senior management to develop & execute strategic initiatives and long term goals.
- Oversaw finance functional implementation as GMF expanded into Indonesia, China's leasing business and Australia while ensuring seamless integration into GMF processes post expansion.
- Managed financial planning and budgeting processes, ensuring fiscal responsibility and maximizing return on investments.
Vice President, Country Accounting – International Operations
GM Financial, Inc. (Previously Ally)
04.2009 - 10.2017
- Manage a team of 15 direct and 80+ (matrix) accounting professionals responsible for US & local GAAP accounting, SEC and local statutory reporting for GMF’s international auto finance operations in 15 countries outside of the US and Canada, including GMF’s European shared service center for treasury accounting & securitization investor reporting
- Responsible for US GAAP accounting policy development, application and compliance including leading research and provide guidance on the application of US GAAP and accounting policies for new products and transactions across the international operations
- Lead efforts to improve and standardize country financial accounting and reporting processes and systems
- Support entry into new markets through development of new country accounting quick start guide
- Developed IO’s local GAAP to US GAAP reconciliation process, which allowed for timely completion of first ever consolidated IO US GAAP audit
- Led development of IO’s control self-assessment process and monthly Finance function dashboard
- Increased transparency and communication between Ally’s corporate center and the international accounting teams by serving as the focal point for IO subject matter expertise.
Director, Treasury Accounting
Ally Financial Inc. (formerly GMAC)
01.2006 - 09.2009
- Managed a team of 20 professionals responsible for treasury accounting and external, management & investor reporting (secured debt, whole loan sales, securitizations, derivatives & hedge accounting) for GMAC Corporate and Auto Finance business units
- Provided technical accounting guidance and operational support to GMAC’s Treasury function for Auto & Commercial Finance business units related to new funding & hedging transactions and their resulting financial impact
- Prepared economic, financial and accounting analytics for proposed transactions
- Directed the back office accounting and reporting activities for the North American auto financing unit’s treasury activities including the preparation, analysis and issuance of monthly investor reports for approximately 75 retail and wholesale deals, as well as the financial accounting, special purpose entity financial statements and SEC filings, and other internal management reports (e.g., Asset availability and exclusion reporting)
- Led the implementation of the SEC’s Reg AB requirements
- Identified and implemented process improvements involved with the processing and reporting of transaction data as well as championed the design and development of enhancements to securitization and derivative systems
- Maintained technical accounting expertise in areas relevant to securitization and other funding transactions, derivatives, modeling and fair value concepts
- Lead the development and modification of GMAC accounting policy in treasury accounting areas
- Manage significant portions of the relationships with a number of key external parties including the Company’s external auditors (D&T and PwC), advisors and consultants.
Assistant Controller
Ally Financial Inc. (formerly GMAC)
08.2004 - 01.2006
- Managed a team of 15 professionals responsible for Sarbanes Oxley compliance and treasury accounting for GMAC’s Corporate and Auto Finance business units
- Managed and fostered relationships with GMAC’s eight business units to provide assistance, guidance, coordination and monitoring activities to meet corporate goals
- Adhoc Project Leadership – primarily related to analysis of economics and accounting for various secured funding transactions and Corporate accounting initiatives (Project Standalone)
- Lead the initial Sarbanes Oxley implementation project
- Developed various presentations and memos documenting Sarbanes-Oxley, approach taken by GMAC, and GMAC level conclusions.
Vice President and Corporate Controller
CNH Global N.V.
04.2003 - 07.2004
- Managed a team of 15 professionals responsible for CNH’s annual budget and various forecasts preparation, internal and external reporting of financial results including board of directors’ meetings and press releases, accounting/consolidation operations and GAAP/IAS compliance, external and internal audit coordination and ad hoc strategic analysis
- Established monthly rolling forecast process allowing CNH to consolidate business units’ margin and capital controlled forecasts with centrally prepared SG&A and other expense, balance sheet and cash flow forecasts
- Developed monthly reporting package for senior management’s executive committee meetings and standardized reporting for all business and regional financial results
- Re-engineered SG&A expense process discipline establishing improved monitoring and control over expenses.
Vice President and Controller
CNH Capital
06.2001 - 12.2002
- Senior finance officer for CNH Capital reported dually to the COO of CNH Capital and the Corporate Controller of CNH Global
- Managed staff of 50 professionals, including controllers in each of the CNH Capital’s four global regions
- Developed and optimized finance infrastructure to ensure that appropriate policies, procedures, and standards are in existence and enforceable, including SEC reporting compliance
- Directed annual budget, forecast and 3-year strategic plan preparation, internal and external financial reporting, accounting operations and GAAP/IAS compliance, external and internal audit coordination, ad hoc strategic and financial performance analysis
- Key member of CNH Capital management team with leadership role and/or active participation in product pricing, hedging, residual setting, risk management, credit decisioning, funding, new business development, strategic planning and operational processes
- Developed management financial reporting package applying finance company analytics to CNH Capitals operating results
- Developed securitization gain model compliant with FAS 140
- Implemented monthly modeling of securitized value of receivable originations
- Developed global bad debt reserve policy and analysis methodology that provided combined, global presentation of CNH’s industrial and financial services receivables’ bad debt exposures.
Controller
GE Capital – Auto Financial Services
03.2000 - 06.2001
- Responsible for the financial management functions of AFS, ensuring compliance with GE Capital’s common, fundamental practices for effective financial performance and reporting
- Managed department of 80 professionals including 28 international FTE from GE Capital’s shared service center in India
- Six Sigma Green Belt certified
- Won GE Capitals’ Pinnacle Award during first year of eligibility
- Developed and supervised creation of baseline routines and control procedures for new products and ventures
- Also developed accounting policies for revenue recognition, securitization, software capitalization, credit loss reserving, residual impairment, restructuring and others; Securitization accounting policy was considered a best practice and a key factor in obtaining corporate approval for $700MM subprime loan securitization
- Improved controllership over accounting processes through training of accounting personnel on both GAAP accounting and internal control requirements
- Co-developed customized “Auto Lease Accounting, Tax and Pricing” training class and presented to cross-functional course participants
- Drove improvements in closing process leading to reduction of general ledger closing cycle from 9 days to 3 days
- Revised quarterly financial reporting process resulting in improved efficiency, reporting quality and timeliness; preparation overtime was dramatically reduced; involvement of financial analysts and accounting personnel refocused on value adding activities; process received 6 sigma rating.
Manager – Audit and Business Advisory Services
Arthur Andersen LLP
07.1992 - 12.1998
- Regularly researched and consulted with clients regarding accounting, financial reporting, SEC and internal control issues
- SEC reporting experience including both 1933 and 1934 acts
- Served as project manager for the bankruptcy process re-engineering and legal/regulatory compliance project for a major private label credit card issuer
- Coordinated operational, legal and consultant teams’ activities resulting in creation of legal/regulatory compliant policies and procedures manual
- Managed due diligence procedures, accounting and tax issue resolution for significant client acquisitions
- Managed first time through and recurring client audits including primary responsibility for client satisfaction, engagement profitability, and staff professional development
- Prepared and presented to senior management and Board of Directors financial information and recommendations for improvements in management reporting, internal control and other business areas.
Education
Masters of Management - Finance, Management & Strategy, Org. Behavior
Northwestern University, J. L. Kellogg Graduate School of Management
Evanston, IL06.1998
Bachelors of Science - Accountancy & Finance (2 Degrees)
University of Illinois, Urbana-Champaign, Illinois
Urbana, IL05.1992
Skills
- Relationship Building
- Decision-Making
- Results-Driven
- Process Improvement
- Training and mentoring
- Metrics Tracking
- Forecasting
- Business Storytelling
- Policy and procedure development
- Financial Management
- Business Planning
- Policy Development
- Relationship and Team Building
- Analytical and Critical Thinker
- Adaptable and Flexible
- Approachable leader
- Team Leadership
Certification
Certified Public Accountant, Illinois, 05/1992
References
Available upon request
Treasurer of The Jenna Kast Believe in Miracles Foundation
Volunteer as Treasurer and a board of directors member for a local charity focused on enriching the lives of Michigan children suffering from life-threatening medical conditions by buying gifts and bringing joy and hope
Timeline
Vice President, IO Corp & Asia Pacific Finance
GM Financial, Inc
10.2017 - Current
Vice President, Country Accounting – International Operations
GM Financial, Inc. (Previously Ally)
04.2009 - 10.2017
Director, Treasury Accounting
Ally Financial Inc. (formerly GMAC)
01.2006 - 09.2009
Assistant Controller
Ally Financial Inc. (formerly GMAC)
08.2004 - 01.2006
Vice President and Corporate Controller
CNH Global N.V.
04.2003 - 07.2004
Vice President and Controller
CNH Capital
06.2001 - 12.2002
Controller
GE Capital – Auto Financial Services
03.2000 - 06.2001
Manager – Audit and Business Advisory Services
Arthur Andersen LLP
07.1992 - 12.1998
Masters of Management - Finance, Management & Strategy, Org. Behavior
Northwestern University, J. L. Kellogg Graduate School of Management
Bachelors of Science - Accountancy & Finance (2 Degrees)
University of Illinois, Urbana-Champaign, Illinois
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