PATRICIA E.

NICHOLS
789 Kelley Drive
North Aurora, IL 60542
Cell phone: (716) 512-1114
Email: pn88501a@westpost.net
CAREER SUMMARY
A Financial Specialist with management experience in Mortgage Banking, Insurance
and Financial Services including:
Financial Accounting, Analysis and Reporting
Planning, Budgeting and Quarterly Forecasting
Expense Allocation and Variance Analysis
Pricing and Hedging policy
Process Implementation and Improvement
Leadership and Team Building Skills
PROFESSIONAL EXPERIENCE
Financial Accounting, Analysis and Reporting
Coordinated monthly close process between two branch offices and consolidated s
ubsidiary results with parent company.
Developed consolidated financial statements in Excel, prepared the monthly repo
rting package, and analyzed variances.
Monitored the $300 million Warehouse line of credit on a daily and monthly basi
s to fund mortgage loans and calculated daily interest expenses paid to lender.
Analyzed and reported monthly payments of state premium taxes and assessments f
or insurance company based on direct written premiums or incurred losses. Filed
annual premium tax returns in compliance with state regulators.
Prepared sections of Annual Statements and supplemental filings for general exp
enses, unallocated loss adjustment expenses and premium taxes. Compiled data fo
r balance sheet allocation between entities and balanced GAAP to STAT systems.
Composed narrative summary of monthly policy pricing results by branch office.
Analyzed expiring versus current premium, risk of exposure and rate modificatio
ns on policyholder database.
Coordinated internal and external audits by providing support, preparing schedu
les and preparing account reconciliations.
Audited client service agreements, authorization forms to bind coverage and inv
oices requests for transparency and revenue recognition in compliance with Sarba
nes-Oxley Act.
Planning, Budgeting and Quarterly Forecasting
Consolidated Corporate level expenses for quarterly forecasts, annual budget an
d monthly reporting.
Reviewed and reported departmental expense variances from budget/forecast. Pre
pared written analysis for management.
Trained department managers to on expense allocation process, budget templates
and methodology.
Expense Allocation and Variance Analysis
Maintained corporate level expense accounts and monthly accruals within general
ledger system.
Allocated, recorded and reconciled corporate level expenses for three divisions
.
Researched expense variances and trends. Reported monthly results for actual v
ersus budget/forecast to management.
Pricing and Hedging Policy
Lead daily distribution of rate sheets for Retail, Wholesale and Correspondent
channels of business. Compiled daily market prices from agencies and investors
to produce and set prices in accordance with corporate pricing strategy.
Monitor pricing model to ensure accuracy and maintain gain on sale assumptions
to meet revenue projections.
Oversee changes to pricing overlays, lender fees and rate lock policies within
origination system.
Determine daily trading activity to maintain coverage/hedging policy. Sell loa
ns to private investors and buy/sell securities to brokers for best execution.
Recommended pricing policy and loan level adjustments on new and existing produ
cts.
Process Implementation and Improvement
Lead implementation of IPS-Sendero valuation model that was used to calculate t
he current market value of $10 billion servicing portfolio for different scenari
os. Utilized the valuation model on a monthly basis for amortization of Mortgag
e Servicing Rights, Impairment evaluation, and to generate ad hoc management rep
orts.
Coordinated implementation of QRM hedging software used to analyze loan portfol
io position and hedge adequacy.
Lead development of Pricing web page and interactive rate sheets with hyperlink
s to product manuals.
Assisted with conversion from Walker general ledger to Oracle GL for expense ac
counts and allocation methodology.
Leadership and Team Building
Built a team of five Pricing analysts and managed Call Center responsibilities
for the mortgage pricing department.
Managed the Pricing Lock Desk service and coverage to assist credit union custo
mers.
Maintained customer service levels above 90% per corporate standard.

PATRICIA E. NICHOLS - Page 2

EMPLOYMENT HISTORY
American Access Casualty Company; Oakbrook Terrace, IL
Accounting Manager (contractor); 2010
Manage the accounting close process, maintain Investments software, utilize EAS
Sungard GL to prepare journal entries, update Crystal reports and prepare accoun
t reconciliations.
Wintrust Mortgage Corporation; Oakbrook Terrace, IL
Controller; 2008 to 2009
Managed the accounting department, monitored cash flow and balanced line of cred
it for loan portfolio. Lead monthly close process, distributed branch P&L state
ments and prepared management reporting package.
Marsh, USA; Chicago, IL
Robert Half International Consultant - Compliance Analyst; 2007
Analyzed client service agreements, authorization forms to bind coverage and inv
oicing requests for transparency and revenue recognition in compliance with Sarb
anes-Oxley Act.
HSBC Mortgage Corporation; Depew, NY
Pricing Manager - Secondary Marketing; 2006
Managed the staff of four Pricing Analysts and monitored the daily pricing activ
ities.
CUNA Mutual Mortgage Corporation; Madison, WI
Secondary Marketing Manager - Operations; 2003 to 2005
Managed the staff of five Pricing Specialists and monitored the Pricing Lock Des
k service and coverage. Maintained the corporate pricing policies and the hedge
analytics.
Corporate Accountant - Finance; 1999 to 2003
Coordinated the monthly close process, prepared consolidated financial reporting
package and maintained servicing portfolio valuation model.
Coregis Insurance Company (a subsidiary of GE Global Insurance); Chicago, IL
Financial Specialist - Corporate Accounting; 1997 to 1998
Maintained the premium tax accrual system for three entities and analyzed accrua
ls for adequacy and payment trends.
Senior Financial Analyst - Budget, Planning & Reporting; 1993 to 1997
Developed and maintained General Ledger expense allocation process, hierarchies
and reports.
Senior Accountant - Price Monitoring; 1990 to 1993
Supervised workflow and training of two staff accountants.
COMPUTER SKILLS
Proficient with Microsoft Office including Excel, Word and Access
Familiar with Hyperion Essbase
Familiar with Crystal Reports
Proficient with Quantitative Risk Management (QRM) hedging software
Proficient with IPS-Sendero (Spectrum) Valuation model for Servicing Rights
Proficient with Solomon (Great Plains) General Ledger
Familiar with EAS Sungard and Oracle General Ledger software
EDUCATION
Benedictine University
Master of Business Administration a" Finance
In progress a" anticipated graduation 2011; G.P.A. 4.00
C.P.A. Candidate in 2011
Western Illinois University
Bachelor of Business, 1987
Major: Finance Concentration: Accounting
Insurance School of Chicago, 1997
INS 101 a" Introduction to Property and Casualty Insurance
School of Mortgage Banking, 2001
Course I a" Introduction to the Real Estate Finance