David's happy place is helping to align financial decision making with an organization's mission & strategic direction, driving towards maximized growth and impact.

 

Focus areas

• Balance Sheet
  • Asset Liability framework - Sources & Uses over Time
• Budgeting
  • Operational
  • Programmatic
  • Department/Function
• Revenues & expenses
  • Allocations
  • Decision making process
• Investment process
  • Governance
  • Risk framework
  • Investment memo templates
  • Portfolio monitoring

 

Examples

• Maine Connectivity Authority
  • Program Allocation Framework - aligning $564 MM of capital incorporating fifteen separate funding sources and a diverse array of uses
  • Established an effective, transparent and risk-oriented approval process, including Staff Grants Committee and specialist Sub-Committees of the Board
• Coastal Enterprises Inc. - CDFI parent
  • Responsible for the overall planning, direction, and coordination of financial activities at CEI, annual budget preparation, governance, compliance, investor relations and capital raise strategy
  • Asset Liability Management design and implementation
  • Balance Sheet optimization via a series of strategic allocation decisions
  • Financial covenant redesign and negotiation - establishing a consistent set of financial covenants for all lenders to CEI
• Coastal Enterprises Inc. - family of entities
  • Organizing and implementing effective asset allocation decision making across multiple entities and multiple years
  • Reinvesting retained earnings to enhance impact and ensure future financial stability