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| September 2009 |
Volume 22
Issue 1
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| In This Issue |
| September Monthly Meeting |
| 2009-2010 Monthly Meeting Dates |
| New Members |
| Job Board |
| Newsletter Submissions |
| Member Referrals |
| President's Letter |
| Budget Vote |
| Feature Member of the Month |
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September Monthly Meeting
"Operating and Financing a Professional Sports Team"
Mike Polisky,
President of the Chicago Wolves
September 24, 2009
3:30 p.m. - 7:30 p.m.
Ram Restaurant & Brewery
9520 Higgins Road
Rosemont, IL 60018
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Monthly Meeting
Prospective Member/
Guest Registration
As of the 2009-2010 programming year, the new guest policy will be in place for the monthly meetings.
Prospective members of TMAC are able to attend the monthly meetings for FREE.
To qualify for a potential free monthly meeting, the attendee must be a first time meeting attendee and meet the membership requirements of TMAC.
General guests or returning prospective members must pay $70 to attend the monthly meetings.
To view the entire guest policy, please click here.
Click here to register a prospective member/guest for the next upcoming monthly meeting on September 24, 2009.
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TMAC Monthly Meeting Dates
Be sure to mark your calendars and save the date for all of the 2009-2010 Monthly Meetings.
October 15, 2009
December 10, 2009
January 21, 2010
February 18, 2010
March 18, 2010
April 15, 2010
June 10, 2010
Additional information will be provided as the date approaches.
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TMAC New Members
Welcome!
Amanda Campbell
Hollister Incorporated
Anita Knudtson
InterCambio Express, Inc.
Erin Manning
Young Innovations, Inc.
Andrew Shaffer
Hollister Incorporated
Be sure to meet them at the upcoming meetings and welcome them to the association.
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To view the entire Job Board,
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Newsletter Submissions
Do you have information you would like to share about TMAC or the Treasury field?
Now here's your chance!
We are always looking for information to be included in the newsletter.
Click here to share your information to the TMAC members.
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TMAC Member Referrals
Do you have a colleague, friend, or boss that could benefit by joining TMAC?
Please click here to submit their name and contact information.
The TMAC Headquarters will contact them directly to discuss all the benefits of TMAC membership.
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President's Letter
Greetings and welcome back. I hope everyone has enjoyed their summer and tried to spend as many days outside as possible. With the dreadful baseball season almost behind us, we can look forward to a great fall season - in TMAC, of course.
As a new TMAC year starts, I would first like to thank Rob Chan for his past tenure as President. He has had 2 very successful years with many accomplishments that ensure the long-term success of TMAC. On a consolidated basis, TMAC came in at more than 20% better than budget which are great results from such a tough economic year.
The coming year will be exciting but a challenging one. In this economy, we are all feeling that we must do less with more (a bit of a cliché, I know). We are striving to make our monthly meetings worthwhile and the Windy City Summit providing can't-be-missed topics. If you have any topics that you feel should be covered or speakers that you can suggest, please pass along this information.
I encourage all of you to promote the value of TMAC to your managers and to other colleagues. You will find that networking with other treasury colleagues is invaluable especially in this every changing work environment and job market.
Below is a list of the Board Members and Committee Members for 2009-2010. I would like to thank these members for joining the Board and wanting to get more involved in the association.
President - Susan Donatello
Vice President - Angelyn Pennington
Secretary - Julie Qualiato
Treasurer - Chun Mei Chen
President Emeritus - Rob Chan
Meeting Site Co-Chair - Nitixa Patel
Meeting Site Co-Chair - Joe Locatelli
Membership - Rachel Miller
Policy - Gary Silha
Meeting Programs Co-Chair - Phil Mattes
Meeting Programs Co-Chair - Jim Dietrich
Academic Relations - John Gallagher
Website - Kim Drennan
Annual Conference Co-Chair - Jonathan Buchbinder
Annual Conference Co-Chair - Mike Madden
We are all looking forward to a great year and I look forward to serving you as your President - see you on the 24th.
Thanks,
Susan Donatello
TMAC President
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2009-2010 TMAC Budget Vote
During the September Business Meeting, the TMAC membership will be voting on the 2009-2010 TMAC Budget.
Click here to review the proposed budget prior to the meeting.
Please note the proposed budget includes TMAC budget as well as the Windy City budget.
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Feature Member of the Month
Job Description:
I am currently working for RPA Consulting. (Now at Unitrin Corporation working as the Assistant Treasurer.) The global headquarters are in Vernon Hills and the key employee is.., well, me. The firm has expertise in lockbox, disbursements, Treasury Operations, escheatment, project management and banking services RFP activities. I most recently held an engagement at Zurich American Insurance Company for two years where I integrated a remote Treasury Operations function into the head office in Schaumburg. Earlier I worked at Allstate Insurance Company for nearly 30 years in a variety of finance functions - much of it in Treasury. I have worked with many banks and internal operations areas and was responsible for all receipts and disbursements (paper and electronic) for the enterprise. I managed all commercial banking relationships, handled the share repurchase program, credit facilities and managed a few billion dollar short term investment portfolio. I spearheaded numerous projects, some lasting several quarters affecting hundreds of employees and saving many millions in bank fees over the years. The Treasury management function reported to me and I always enjoyed the people, the deadlines and the robust nature of the area. The challenges were constant and invigorating. With millions of both receipt and disbursement items and also thousands of agent locations collecting cash, checks and plastic, there were always opportunities to increase funds availability, improve reconciliations and reduce bank fees.
Getting to Know You:
I am a lucky guy. I have a great wife (Denise and I are married 33 years now) and two terrific children (Tiffany and Greg) who are both graduated from college and hit the job market running. I grew up in Batavia, attended parochial grade schools, spent one year in a military academy in Aurora and then three at Batavia High School. I worked a lot, even bought and sold a dozen cars that I would fix up, so I always had a few dollars to spend and save. I enjoyed high school - I liked fast cars, playing sports and having lots of friends (I have been on the reunion committee every 5 years for, ahhh, a number of reunion events over time). I then went to Southern Illinois University and participated in as many student demonstrations as I could. I majored in English with a minor in Business and also Philosophy. I put myself through college (I did take out a huge loan for $2,000, my wife and I thought we would never be able to pay that thing off). I met Denise at SIU, got married after we graduated, bought a small townhome and started work at Allstate.
Neighborhood News:
We live in Vernon Hills and this is only our third house and likely the last one of this size. I play on a park district softball team with a bunch of knucklehead neighbors. We won the championship a few years ago, but our average age is over 50 so we are now becoming a good stat builder for the younger teams we play. Five of us now have our sons on the team and that makes it really fun anyway. I coordinate the drinks, food, bill payment and "liar's poker" game following every game. I like gardening, working with my hands and we have a great lot backing up to a forest preserve area.
Down Time:
I have recently read a number of books on strategic battles in history - so look out.., I know all the weak points over the centuries. My favorite activity is to watch movies with lots of popcorn and a beverage. I also do technical analysis of the stock market and have had my share of wins as a result.
Fun Facts:
BTW FYI, I was a CCM, now a CTP of the AFP and joined TMAC in circa 1990 AD. The monthly meetings are great for learning, discovering new venues and interacting with the wonderful professionals who are its members.
Back to Business:
Actually, I think everyone makes their own luck. I have been blessed with a reasonable amount of business success. When I trace it back I find the keys are: treat people with dignity and respect, shine a light on the best part of even a bad situation, work hard, work long, don't complain, don't gossip, own your failures while sharing your successes and know that in the end most all things become what you make of them.
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