Bruce M.

Oversee short-term funding, including CP issuance, cash-management and treasury operations. Manage long-term funding including public and private debt issuance and related functions. Oversee derivatives portfolio and interest rate risk management function.

Manage NRUCFC's securities issuance, asset/liability management, economics/capital markets research and debt regulatory compliance. Manage multiple long-term funding programs including bond issuances, private and goverment borrowing programs. Manage company's derivatives portfolio and interest rate risk management function including trade structuring, execution strategy, ISDA negotiation and portoflio valuation. Present new financing and liability management strategies to asset liability committee. Oversee quarterly term debt valuation process. Manage finance, economic and capital markets related publications and presentations. Manage pricing of loan and investment products.

Lead the department responsible for all corporate cash management, treasury operations and short-term debt issuance. Manage all corporate bank accounts and related bank services. Oversee corporate liquidity and cash forecasting; present regular updates and recommendations to key corporate stakeholders. Manage short-term debt of approximately $3 billion including multiple commercial paper programs, bank notes and SEC registered daily liquidity securities. Monitor conditions in the money markets and leverage bank relationships to ensure access to critical short-term capital and actionable market intelligence in support of corporate funding needs. Direct all corporate investments. Support SEC and other compliance requirements related to short-term debt securities, cash management, treasury operations and banking infrastructure. Responsible for maintenance of Sarbanes-Oxley Section 404 internal controls related to cash management and day-to-day treasury operations.

Managed a $1.4 billion portfolio of credit facilities to rural power companies. Underwrote transactions including term financing, revolving credit facilities and letters of credit/guarantee commitments. Evaluated financial forecasts and budgets; prepared comprehensive written/oral reports. Assessed financial, operational and regulatory risk of energy businesses as part of due diligence and risk management process. Constructed pro-forma financial statements and modeled project and/or company financial performance. Consistently managed multiple concurrent transactions efficiently to consistently meet internal and external deadlines. Mentored credit analysts and other junior staff to support team bench strength. Used sophisticated financial models. Participated in strategic initiatives and cross functional teams as needed to support corporate goals.