Tim J.

Morgan
3864 S. Riva Ridge Way, Boise, ID 83709 ? (208) 954-1837 ?
SUMMARY
Offering over seventeen years professional experience including: accounts receiv
able manager, asset manager, collection manager, auditing, and financial service
manager.
CORPORATE EXPERIENCE
3/08-Present Financial Manager Modus Architecture P.A., Boise, ID
Managed, Processed, Reported all accounting, payroll & human rescource function
s for small business with 10-21 employees. Managed Special Administration Projec
ts. Maintained accounting software which is a full integration of all accounting
functions designed for Architects and Engineers.
Accounting experience: Accounts payable; maintain vendor data, schedule of liab
ilities, process payments and monthly billing.
Payroll: Process payroll, employee benefits and reports to IRS, Idaho plus quar
terly W2, 941, 940 SUTA and State Insurance.
Financial Reports: Maintained accounts payable and accounts receivable reports,
earnings per project & time analysis per employee, Income statement, Balance sh
eet.
Special Projects; cash flow management, overhead calculations, budgeting. Colle
ctions, filing liens, small claims court and interface with outside counsel. Rec
overed aged charged off receivables.
7/07 ? 03/08 Credit Manager Idaho Pacific Lumber Co., Boise, ID
? Credit Manager for lumber and building material broker with gross sales exceed
ing $100 million.
? Approved extension of credit to customers on a job-by-job basis, including ver
ification of preliminary lien rights.
? Managed collection efforts of accounts receivable, filing mechanic liens and/o
r bond claims, and working with legal counsel to ensure success in these areas.
? Reduced DSO from 51 to 43 days.
10/04 ? 7/07 Owner Morgan Construction Cleanup LLC/ Morgan Painting, LLC
? Owner of company that performed construction site clean-up and recycling servi
ces for local residential builders and high density residential developments.
? Worked with local landfill and transfer stations to establish open lines of cr
edit allowing time to complete daily transactions and collection of accounts rec
eivable.
? Partner in residential interior and exterior painting company, responsible for
establishing relationships with builders and developers, and negotiating pricin
g with suppliers.
2/02 ? 10/04 Accounts Receivable Farmers & Merchants State Bank, Boise, ID
Finance Manager
? Managed 3-member accounts receivable finance department with a revolving loan
portfolio of $4.7 million, total asset base of $28.3 million, and twelve-month n
et profit of $762.4 million.
? Supervised and trained staff responsible for cash application, purchasing and
verifying receivables, balancing to the general ledger, maintaining required res
erve balances, monthly billing statements, and generating daily customer aging r
eports.
? Responsible for business development, collection of receivables, work out plan
s for aged receivables, and strategy and tactical initiatives driving volume and
receivable growth of the factoring portfolio
? Increased total asset base from $16.2 million in 2003 to $28.3 million in 2004
, which increased gross revenues from $2.9 million to $4.7 million respectively.
Exceeded 2003 net profit plan by 19.2%.
? Reduced losses from 2.1% to 1.5% of average receivables.
Special Assets Officer Farmers & Merchants State Bank, Boise, ID
? Managed the bank?s special assets portfolio by re-negotiating terms, condition
s, and repayment of delinquent loans.
? Worked closely with Chief Credit Officer, Branch Managers, and Loan Officers t
o develop strategies to maximize loan loss recovery.
? Worked with legal counsel to resolve delays or problems with foreclosures, rec
eiverships, bankruptcy proceedings, liquidation of repossessed assets, and other
Bank owned real estate.
? Reduced loan losses from 1.8% to 1.2%.
Tim Morgan Page 2
4/99 - 6/01 Asset Manager AMRESCO Commercial Finance Inc., Boise, ID
? Responsible for evaluating, formulating and implementing creative workout agre
ements for problem loans secured by real estate, leaseholds and equipment to max
imize recovery from potential losses.
? Initiated action for all litigation and bankruptcy matters within the portfoli
o, representing the company as a key contact for internal and external counsel,
customers and intermediaries.
? Exceeded industry recovery percentages by 20% based on collateral quality, and
verified by real estate and business appraisals.
3/92 - 4/99 Financial Service Manager Transamerica Distribution Finance, Nashvil
le, TN
Joint Venture with American Standard Companies
? Key player in the 1996 start-up of joint venture to successfully transition th
e open account customers on the manufacture?s credit facility to the new joint v
enture?s credit facility
? Reduced losses from 5% to .9% of average receivables.
? Responsible for unsecured open account credit facilities with terms from C.O.D
. to $1 million.
? Managed proper documentation, collateral and mandated credit conditions on the
open account portfolio.
? Monitored daily portfolio activity to ensure minimal loss reduction while main
taining product order flow process and excellent levels of customer service.
Region Sales Manager Transamerica Distribution Finance, Denver, CO
? Responsible for expanding key dealer business in the mid-west territory for va
rious financial product lines.
? Assumed liaison duties between customers and operations to resolve issues that
resulted from day to day business.
? Demonstrated ability to close sales through good negotiation skills and self-d
riven determination.
? Increased portfolio by $1 million.
Senior Customer Service Rep. Transamerica Distribution Finance, Denver, CO
? Exceeded customer service expectations both internally and externally by ensur
ing timely and accurate responses to customer inquires.
? Monitored accounts and made daily collection calls as needed to control delinq
uency and bad debt.
? Liquidated $20 million heavy equipment portfolio with no loss of principal.
? Awarded Excellence In Customer Service by senior company management.
Field Auditor Transamerica Distribution Finance, Boise, ID
? Responsible for field audits of dealer inventories and collection of company r
eceivables.
? Conducted collateral inspections, completed bank deposit audit reviews, and or
ganized repossessions when needed.
EDUCATION
Bachelor of Science, BS, Public Affairs Management/ Human Resource University of
Idaho, Moscow, 1991.
Bishop Kelly High School, Boise, Idaho