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NICHOLS 789 Kelley Drive North Aurora, IL 60542 Cell phone: (716) 512-1114 Email: 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