TUSCORA TALES

March 2009

VOLUME 41 NUMBER 5
 

 

 

 

 

 

 

 

 

 

Ohio Mid-Eastern Chapter * Institute of Management Accountants *  CMA/CFM Programs

      Visit us at http://pages.eohio.net/ima/

President’s Message

 

Greetings,

 

As our last meeting of the year approaches, it is time to reflect on the past year. Bill Welch presented excellent speakers again this year.  I wish more of the chapter members would take advantage of the professional education available. We have asked for your input on officers and speakers.  We are always looking for new ideas.

 

We had a nice student turnout at the January meeting.  Ben Feutz gave an excellent presentation on the IRS and the students asked many great questions. 

 

As the unemployment rates rise, keep in mind that professional networking can be a powerful tool.  Dave Gingrich and Cindy Vellano are the Career Opportunities and Placement Coordinators for our chapter, which are good resources.   This is a good time to expand your networking circle out into the business community.  With the turmoil in our economy and the business world, we as accountants will be called upon to help with our skills.

 

I want to thank the board of directors for their dedication this past year.  I would also like to thank all past board members for all you have done for the Ohio Mid-Eastern chapter of the IMA for the past 40 years. Mark your calendars for the May 8 & 9 Ohio Regional Council and Leadership meetings in Cambridge at Salt Fork Park.  The Norm Meonske Professional Development Seminar is April 24 at KSU in Kent.

 

I look forward to seeing you at our meeting on March 24.

 

Sincerely,

Sally Huff

President

  

 

Ohio Mid-Eastern Chapter Officers serving during the 2008/2009 program year are Sally Huff, President

 Ken Grewe, Secretary; Kim McBride, Treasurer; Polli Truman, Administration & Communications and Bill Welch, Education.

THE OHIO MID-EASTERN CHAPTER OF

INSTITUTE OF MANAGEMENT ACCOUNTANTS

March Technical Meeting

Tuesday, March 24, 6 pm

At the Union Country Club in Dover

 

Mr. Blair Hillyer,

Chairman, President & CEO of The First National Bank of Dennison

Presentation:  “Music, But No Chairs”

 

 

 

The meeting will begin at 6:00 pm with a social half hour followed by dinner and a presentation by Mr. Blair Hillyer.  Blair’s presentation titled “Music, But No Chairs” will center on the current financial/banking crisis, “where we are at, how we got here and what the future holds for the banking industry.”  

 

This is the chapter’s annual Past President and Spouses night meeting.  The meeting will also commemorate the organization’s 40th anniversary as an IMA member chapter.

 

Member and guest reservations may be made by calling Bill Welch at (330)308-7411 or by e-mailing him at wlwelch@kent.edu by Thursday, March 19, 2009.  The meeting charge is as follows:

 

IMA member                                $25         IMA member & spouse        $35

Past President                                $  0         Past President & spouse        $25

Emeritus (retired) IMA member  $15         Emeritus member & spouse  $30

 

 

 
 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Do you receive emails regarding IMA’s Inside Talk Webinars?

CMAs NOW EARN CPE CREDITS FOR LIVE WEBINARS!!

Topic: The 2009 Job Market & You

Date: Thursday, March 12, 2009

Time: 1:00 pm – 2:00 pm, Eastern Daylight Time

Speaker: David Adams, Vice President of Training & Development, Ajilon Finance

 

 

 

 

THE OHIO MID-EASTERN CHAPTER OF

INSTITUTE OF MANAGEMENT ACCOUNTANTS

NEEDS YOU TO VOLUNTEER NOW

 

 

 

 

2009/2010 Board Nominations are Due

Please consider volunteering in the upcoming year.

Our Chapter Really Needs You!

Contact Ben Feutz or a Chapter Officer for Information.

 

 

 

 

 Ohio Mid-Eastern Chapter Officers serving during the 2008/2009 program year are Sally Huff, President

 Ken Grewe, Secretary; Kim McBride, Treasurer; Polli Truman, Administration & Communications and Bill Welch, Education.

 

 

 

 

 

 

 

 

 

 

 

 

Do you know anyone who is doing turnaround or restructuring business?  Below is someone who is qualified to help.  Please contact Cindy Vellano for Career Placement or contact R. Richard Iler.

 

J. Richard Iler Curriculum Vitae

 

J. Richard Iler has nearly 25 years experience in the capital markets serving corporations in corporate finance, Chief Financial Officer and institutional fixed income sales.

 

Over the last 14 years, he has served as Chief Financial Officer and member of the Board  in both public and private companies as well as a managing director with a small private equity firm where his responsibilities have included capital formation, corporate governance (SOX 404 compliance) and financial reporting. Presently, he is serving as CFO and director for bioMETRX, Inc. a consumer electronics biometrics company where he has created internal controls, structured and closed debt and equity financings, filed registration statements and filed all regulatory filings with the Securities and Exchange Commission. He has completed advanced SEC reporting and is knowledgeable about current ’34 Act reporting.

 

Through his association with leading Wall St. firms such as Bear Stearns, Smith Barney, Kidder Peabody, he had Tier 1 and 2 insurance and banking clients whereby he gained intimate familiarity with Corporate, Mortgage-backed and government bonds as well as foreign currency denominated issues. While at Kidder Peabody, he was responsible for the firm’s gaining co-manager status on a $50mm. perpetual preferred stock offering. His clients benefited from his advisory work on hedging of interest rate and currency risk.

 

As a Treasurer and Chair of the Asset/Liability Committee of a regional savings bank, he wrote the investment policy, implemented an asset/liability modeling system, and successfully managed a $200mm leveraged mortgage backed securities arbitrage employing a complex use of interest rate swaps, caps and futures to preserve a positive net interest margin through a period of an inverted yield curve. His expertise in fixed income portfolio management enabled him to obtain credit lines with major “Street” firms exceeding $350mm. During a four year period, he was able to return a 25% return on equity annually.

 

Throughout his career, he has amassed exposure to different management information systems and other financial modeling tools. His relationships within the capital markets has enabled him to raise significant amounts of capital in both debt and equity financings. He has hedged currency, interest rates and commodities throughout his career. He has broad based business and corporate development experience in dealing with joint ventures, OEM and channel partners in various industries, gaining hands-on operations experience in agri-business, energy, healthcare and consumer industries.

 

Mr. Iler graduated from Grand Valley State University with a Bachelor of Science degree in political science and economics and attended South Texas College of Law.  He spent a junior abroad studying at the University of Copenhagen in Denmark.

 

J. Richard Iler

440 River Rd

St. James, NY 117807

Home Phone 631-406-6704

Email:  jriler@gmail.com

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