Douglas Schosser
CFO of Northwest Bancshares, Inc.
- Role
- Chief Financial Officer at Northwest Bank
- Location
- Cleveland, OH, US
- LinkedIn followers
- 500 followers
About Douglas Schosser
TRANSFORMATIONAL FINANCE EXECUTIVELearn | Challenge | WinAn accomplished Chief Accounting Officer and Chief Financial Officer with a leadership focus on building a culture of forward thinking, transparency, collaboration, continuous improvement, accountability, and disciplined execution. Beyond Finance, partners with Executive Teams to identify and leverage business insights. Sees the strategic game as it will be played and accelerates progress to get there. Disciplined, data-driven, yet quickly moves from concept to execution. Willing to take appropriate business risks to drive value. Open to change and new approaches.Business Acumen | Strategic Direction | Managerial Courage | Sound Judgment | Emotional Intelligence | Client Focus | Enterprise Mindset | Talent Management | Financial Transformation | Workday FinancialsProgram Sponsor for Financial Transformation – KeyBank, Cleveland, OH 2020 – PresentCommissioned by CIO, CFO and CEO to lead a $60MM long-term program to migrate finance and accounting platforms to Workday Financials while reimagining processes to increase efficiency and leverage financial data to drive business insights. Completed project on time and budget.• Envisioned the opportunity to go beyond a simple system replacement and transform not only accounting and finance but provide a platform for data driven business insights.• Completely replaced G/L, AP, Fixed Asset, Planning and Forecasting, and Reporting platforms with Workday ERP Suite.• Reduced complexity of operating environment; reduced costs and simplified employee experience by consolidating disparate systems. Moving data to cloud increased processing power and allowed ongoing upgrades of core platform. Transformed internal processes and department to take advantage of the system’s benefits without any customization. Using leading edge software including Workday, Workiva (WDesk and WData), Axiom, TM1, and Hyland Software\'s AFRM platform.• Accelerated virtually every function from end of month to on demand. Delivered more meaningful business insights faster.EVP and Chief Accounting Officer, Cleveland, OH (concurrent role) 2015 – PresentSurpassed targets of reducing external audit costs (EY). Insourced key accounting functions by deploying accounting team acquired in a merger. Improved efficiency and responsiveness. Reduced complexity and improved control environment. Implemented multiple complex new accounting standards including CECL, Rev Rec, and Leasing.
Experience
Chief Financial Officer
Mar 2024 — Present · Columbus, OH, US
Education
Weatherhead School of Management at Case Western Reserve University
Business Administration and Management, General
1996 — 1998
Miami University
BS, Accountancy
1988 — 1992
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