David Rice

About David Rice

Adventurous both in private and professional life! Whether its sleeping in a tent on the tundra of Alaska or solving complex operations or accounting issues David is always looking for a new challenge! David has over 25 years experience in the areas of loan accounting, system implementation and merger integrations work. David has served as the integrations manager for multiple bank acquisitions and as the implementation manager for loan origination and loan servicing system installations. He has worked on multiple engagements related to the interfacing of asset and liability systems to the general ledger as well as implementing changes to GAAP within the systems.Significant experience in the areas of loan accounting, system implementation and merger integrations work. David has served as the integrations manager for multiple bank acquisitions and as the implementation manager for loan origination and loan servicing system installations. He has worked on multiple engagements related to the interfacing of asset and liability systems to the general ledger as well as implementing changes to GAAP within the systems.Most recently, David has been leading accounting and operations teams responsible for the implementation of accounting policy and technologies for several large clients who are upgrading their systems and acquiring new technologies. David is currently engaged with top 20 lenders leading teams providing assistance with deployment of new Loan Origination Platforms, deploying digital lending capabilities and optimizing their processes. He has authored or co-authored several published white-papers for the Firm and also serves as a senior instructor for internal and external training covering CFPB compliance, acquired loan accounting and multiple loan operations classes. Specialties: Mortgage Originations Bank M&A Activities SOP 03-3 Accounting Mortgage Servicing (Defualt) Operational and Financial Risk Control

Experience

1. Principal- Consumer Finance Group

   PwC

   Jul 2004 — Present

   Top 20 Bank: Assistance with the implementation of Elliemae’s Encompass360 Loan Origination System. Lead team responsible for defining business requirements, prioritization and documenting alternative approaches in addition to providing overall program management support. Top Asset Aggregator: Lead team developing business and reporting requirements for the development of new loan accounting sub ledger platform. Created detailed requirements and uses cases for over 30 individual transaction and 150 management and external reports including development of dashboards. Failed Bank Aggregator/Top 10 Bank: Team leader for implementation of both manual Excel based tools and PwC’s ALIAS 2.0 to support accounting requirements for SFAS 141R and ASC 310-30 as well as FDIC loss share reporting. Developed multiple approaches for the implementation of different accounting policies. Coordinated efforts between PWC field teams, client Controller’s Office and PWC valuation resources to complete purchase accounting and establish process for ongoing accounting / valuation requirements.Consumer compliance design and support for the implementation of a new Loan Origination System for a top 10 national mortgage company. Specific responsibilities included:• Assessed the controls in place to ensure adherence to all federal, state and local consumer compliance regulations including HMDA, ECOA, TILA, and HOEPA. • Provided technical assistance with the development of anti-predatory lending filters.• Evaluation of defects for priority and impact to the overall project including the identification of viable manual solutions where software development is deemed to be too costly or time constrained.• Development of detailed change requests for items directly impacting the areas of consumer compliance. • Development of comprehensive testing matrix for both origination and closing document packages.• Design of production roll-out plan.

Education

• University of Kentucky

  BS, Computer Engineering & Accounting

  1986 — 1990