PRESTON BANDY

preston.bandy@comcast.net
linkedin.com/in/PrestonBandy

PHB
H: 303.346.2439 C: 303.522.7745

Denver, CO 80126

SENIOR FINANCIAL ANALYST

LEADERSHIP | INTEGRITY | ACCURACY Detailed and results-focused executive with more than 20 years of financial experience performing financial modeling, asset management, budgeting, planning and ad hoc financial analysis for multi-billion-dollar public and private companies. Recognized as the go-to executive for understanding objectives, conceptualizing effective processes and taking ownership to ensure successful project completion. Profoundly talented and resourceful, creative, dedicated to maintaining a reputation built on quality and service. Areas of Financial Expertise:
Financial Projections Cost Reduction/Avoidance Financial Models Financial Presentations Cost/Benefit Analyses Market Demographics Development Strategy Process Improvement Budgeting /ROI Variance Analysis Negotiations Corporate Finance Forecasts

& Trending Management Presentations / Reporting Spreadsheet/Database Expertise Operational Performance Metrics

Proficient in MS Office Suite and numerous financial reporting programs including Hyperion, SAP, Business Objects (SRC)

EXECUTIVE EXPERIENCE
INDEPENT CONSULTANT, Littleton, CO 2009-Present Improve operating efficiencies and enhance departmental performance through streamlining or automating everyday routine business processes; program mundane tasks and thereby mitigate errors from manual requirements. Generate management reporting to expedite data driven decision making. Key projects included: Automated monthly reporting process for generating financial statements, ensuring consistency and more timely publication of financial results for hundreds of sites, which saved some 80 [Full-Time Equivalent (FTE)] hours per month. Automated operations management team incentive bonus calculation, slashing in excess of 35 FTE hours per month. Reduced traffic reporting process by more than 20 FTE hours per month through the development and implementation of a scalable reporting routine that validated specific data, indexed selected fields then generated emails to sites with their customized reports attached. All completed in Excel including email generation. Saved approximately 13 FTE hours per month by automating the journal entry to record weekly ACH bank transfer payment for inter-company balances. Automated management fee ACH journal entry saving an additional 13 FTE hours per month. Eliminated roughly 8 FTE hours per month by automating management fee reporting from general ledger data. The Bethany Group, Aurora, CO 2008 - 2009 Privately Held Multi-family(M/F) R/E operatortotal assets: $1.5 B with 500 employees. SENIOR DIRECTOR / STRATEGY & ANALYSIS Analyzed and reported on financial details for a $1.5B portfolio including operating budgets, capital expenditures, P&L analysis, and debt compliance. Built a model to track redevelopment progress, forecast capital expenditures, and fine-tune scheduling by site. Developed and implemented an inventory tracking model to manage critical supply levels and improve purchasing control procedures. Beta version included 4 sites and a beginning balance of $100k. Refined and expanded loan compliance testing by reviewing thousands of pages of loan agreements on multiple portfolios, then created sensitivity tables off P&L information to demonstrate the impact of deviations from specific revenue and expense targets. Loan compliance testing included profitability (NOI) and Debt Service Coverage Ratios (DSCR) at staged levels depending on profitability.

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United Dominion Realty Trust, Denver, CO 2004 - 2008 Public M/F R/E Company with total assets of: $4.8 B with 2,000 employees. S&P 400. DIRECTOR OF FINANCIAL ANALYSIS Performed strategic financial modeling, budget planning and analyses projects, utilizing Microsoft Excel to detail and summarize strategic business plans. Completed sensitivity analyses on interest rates, stock price, ROI, revenue and expenses; and return calculations for internal rates of return (IRR), return on investment (ROI), and net present value (NPV) to provide clear understanding of the financial impact on modeled scenarios. Directed and managed FFO multiple analyses used to support a $1.7B portfolio sale in a timetable of 3 months, which achieved full board approval and a successful sale of one-third of the company. Generated Economic and GeoDemographic Analysis for strategic planning that looked at Metropolitan and Micropolitan data used to identify target markets and select specific market focus. United Dominion was a large multi-family company owning complexes in 75 U.S. Markets nationwide. Resulting analyses utilized numerous variables including population and household growth, income, employment, and market-specific information on rental rates and occupancy and established projections of numbers from several data sources. These variables could be weighted and markets ranked based on economic and demographic data. Created $500M revenue model that incorporated growth assumptions on existing portfolio and future acquisitions, sales, development, rehab assumptions, joint venture and debt and equity assumptions, resulting in 5-year bottomline earnings projections with sensitivity tables for pertinent assumptions and crucial indicators. Developed a VBA routine for extracting data from hundreds of trial balances utilized to gather financial information by asset and aggregate the information by line of business into one file. Directed operations team overcoming challenges monitoring and publishing progress regarding contests and quarterly & annual bonus computation through payment. Coordinated operations annual raise process for more than 1,600 employees utilizing a custom Excel template developed to enforce management restrictions based on tenure, merit, market, and some higher-level limits [raise pool, area pool]. Apartment Investment and Management Company, Denver, CO 1999 - 2004 Public M/F R/E companytotal assets: $10.1B with 7,000 employees. S&P 500 DIRECTOR OF MARKETING ANALYSIS Oversaw coordination of operations budgeting and forecasting, and further combined operating budgets modeling quarterly and annual financial expectations that were reported to executive management and ultimately employed to drive Wall Street expectation. Spearheaded the activation and consolidation of working capital in excess of $50M deposited in hundreds of property security deposit savings accounts while complying with state & local regulations. Dramatic savings resulted from closed accounts [eliminated monthly fees], reduced labor [eliminated monthly reconciliation], net savings on the arbitrage between passbook rate and the revolving line rate in excess of $2M in positive annual cash flow. Developed a break-even model and tracked break-even down to the property level from a cash flow perspective that served to further identify and validate rental rates and occupancy volume targets by property and region. Lincoln Property Company, Dallas, TX 1992 - 1999 Large diversified private R/E company with national & international investments. One of the largest developers of multi-family real estate in the US with ~4,000 employees. FINANCIAL ANALYST Developed and maintained IPO Valuation model. This model was further adapted to determine partner distributions and ultimately the viability of the proposed offering. Prepared GAAP financials (B/S, I/S, C/F, S/U, Ratios) by site & division; subsequently reviewed and certified by auditors. EDUCATION & CERTIFICATIONS M.B.A. Candidate, REGIS UNIVERSITY Bachelor of Science in Accounting, BOB JONES UNIVERSITY Advanced Map Info Professional Introduction to Map Basic