Treasury Transformation: 2023 Award Winners on Becoming More Strategic by Improving Treasury Operations

Overview

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Ever since the start of the Covid-19 pandemic, treasury teams have been under senior management’s magnifying glass. Liquidity was key to survival early in the pandemic: As revenues fell, access to credit was drying up for many businesses. Markets were volatile, and the future felt wildly uncertain. Still, some treasury teams were able to leverage that challenging environment to improve their standing within their broader organization.

Join this webcast to hear from three outstanding treasury teams being recognized with this year’s Alexander Hamilton Awards in Treasury Transformation. You will learn the benefits of fundamentally rethinking treasury practices, plus:

• How these organizations improved operations, both within treasury and in the broader business.
• How to make the treasury team more of a strategic partner to the business.
• And you can help us celebrate the winners of the 2023 Alexander Hamilton Awards in Treasury Transformation, as we kick off the 2023 series of Alexander Hamilton Award webcasts and articles.

Winners:

ChildFund International is an NGO with operations in 24 developing nations. Covid lockdowns of the organization’s business offices led some treasury and finance employees to work from coffee shops, hotels, and public Wi-Fi hotspots. Combined with other trends at the time, this led to alarm at U.S. headquarters. ChildFund’s treasury team headed up an organization-wide effort to improve cybersecurity, including starting an internal cyber incident response team (CIRT). In doing so, the group established themselves as the NGO’s go-to office for risk management decision-making.

When Exelon Corporation and Constellation Energy Corporation separated into two Fortune 200 companies, Exelon’s treasury group needed to overhaul key systems and processes. The team embraced the period of transition that their company was in, undertaking a complete review of treasury operations, beginning with envisioning what treasury should look like in the future. The vision they developed was for treasury to become a value driver for, and business partner to, the organization. Subsequent technology and process implementations helped the team reach that goal.

Starwood Capital Group is the largest commercial mortgage real estate investment trust in the United States. One key process for the Starwood treasury team is opening new bank accounts, because the accounts for a single property often include multiple signers. The company wanted to accelerate the pace of business by shrinking on-boarding from months to days, but legacy tools offered by the firm’s transaction banks did not support this goal. Starwood addressed this challenge by overhauling treasury. It sped up deal closes and, at the same time, was able to improve liquidity management

Speakers: 

Sassan Parandeh | Global Treasurer & Director of Risk Management | ChildFund International.

In this role, he oversees the organization’s insurance program, global banking relations, overall currency strategy, cash management, financial systems, debt, lines of credit, and covenant compliance. He also manages OFAC and KYC regulatory compliance, PCI and PII controls, and cybersecurity readiness. Parandeh has been a board member of the Association    for Financial Professionals (AFP) since October 2022.

Andrea Mooney | Cash Manager | ChildFund International.

Prior to her current position, she served as a supervisor of financial controls for Travelers Insurance.

Paul Lehmbeck |  Treasury Transformation Lead, Exelon & Constellation

Paul led Exelon and Constellation’s Treasury Transformation project.  During his 14 year career, Paul’s experience within Finance includes Corporate Planning, Project Finance, Strategy, Cash Management, and Project Management.  Paul holds degrees from the University of Maryland.

Gregory Tate | Director, FP&A and Treasury Financial Transformation, Exelon & Constellation

Gregory is a finance, controls and business leader with audit, finance, and transformation experience delivering cost savings, greater insights, stronger control environments, standardized processes, and improved end user experience. Known for his commitment to serving as an agent of change, he strategic thought leadership and process improvements to identify and resolve business gaps.

Kabral Tesfamicael | Director and Assistant Treasurer, Exelon

Kabral is currently the Assistant Treasurer at Exelon overseeing both cash management and capital markets activity. Kabral has been with Exelon for ~7 years in a variety of areas within Finance, including Investor Relations, Corporate Development, and Treasury. Prior to Exelon, he worked in investment banking and private equity and focused on power and utilities. Kabral holds a BA in Classics from Bowdoin College and an MBA from the Kellogg School of Management.

Jacqueline Donahue | Senior Manager, Treasury Operations, Constellation

Jackie is currently the Sr. Manager of Treasury Operations and Cash Management.  In this role, Jackie overseas a team responsible for the daily management of cash operations, letter of credit program, banking administration, and short-term financing such as commercial paper and term loans.  In addition to managing daily operations, Jackie is responsible for maintaining domestic and international relationships with our banking partners, renewal of our credit facilities, determining and executing additional lines and optimizing our credit structure.  Jackie led her team through the Constellation-Exelon separation and completed the first phase of Apollo with the implementation of a new Treasury workstation, Kyriba.  Jackie received her Bachelor of Science degree in Accounting from Rutgers University and a Master’s degree in Business Administration with a double concentration in Investment Management & Entrepreneurship from Drexel University.

Gaina Dorvil | Assistant Treasurer | Starwood Capital Group

Gaina has over 20 years of real estate investment and banking experience. In her current role she oversees the organization’s banking administration, entity onboarding, account opening and cash management. Manages OFAC, KYC Regulatory and Treasury Policy Compliance.

Roselle Pompey | Treasury Analyst | Starwood Capital Group

Roselle has over 20 years of banking and treasury management experience. She started her career at JPMorgan Chase then transitioned to treasury management in 2015. With a solid banking and treasury background, she brings a unique approach to her current role.

Bob Stark | Global Head of Market Strategy | Kyriba

Bob has been a product and go-to-market financial technology leader for 25 years and works directly with clients, partners, and industry influencers to ensure Kyriba is at the forefront of financial technology. He has empowered finance leaders at some of the world’s largest companies, and is a frequent speaker and author on treasury, risk management, and payments.

Meg Waters (Moderator) |Editor in Chief |Treasury & Risk.

She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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