Summary

Ben Powell is a seasoned financial professional with over 10 years of success in commercial lending and investment banking. Since 2005, Ben Powell has served as Senior Loan Officer at Summit Financial and Investment Group, LLC, in South Jordan, Utah. Ben Powell holds a B.S. in Economics from the University of Utah and a Master of Business Administration from Brigham Young University. Ben Powell attended the University of Utah on a Columbia/HCA St. Marks Hospital Scholarship, and graduated in the top of his class at Brigham Young University. In 1998, Ben Powell began his finance career as a Branch Supervisor and Financial Service Representative for Zions First National Bank in Sandy, Utah. Ben Powell supervised the daily activities of the branch, controlled large cash transactions and access to the bank’s vault, and assisted in fraud prevention. Subsequently, Ben Powell joined Fidelity Investments in Salt Lake City as a Senior Retirement Services Specialist. In this capacity, Ben Powell provided retirement investment advice to clients, contributed to group projects within Fidelity, and specialized in conflict resolution and IRS tax regulations. Based on his performance, Ben Powell was allowed to handle advanced retirement products normally reserved for the most senior representatives. In 2002, Ben Powell joined Goldman Sachs & Co. as an Execution Services Analyst/Restricted Stock Analyst. In this position he supervised all client trading in the United States and Asia. Responsible for managing regional sales teams, tax losses, and private hedge funds, he was one of only three people in the company to hold a similar position. At Goldman Sachs, Ben Powell gained experience in equity, debt, foreign exchange, and derivative trading, increasing the funds he managed from $5 billion to $21 billion in 3 years. As of July 2005, Ben Powell has worked at Summit Financial and Investment Group, where he originates commercial loans ranging from $4 million to over $100 million. Ben Powell is responsible for underwriting loans, analyzing the creditworthiness of borrowers, negotiating terms, and managing conflict resolution. Ben Powell also coordinates the marketing efforts of Summit Financial and Investment Group and has increased profitability at the company by 50%.

Work History

Work History
Jul 2005 - Present

Senior Loan Officer

Summit Financial and Investment Group, LLC
Details

Originate and negotiation multi-million dollar real estate transactions. This involves daily salesmanship is presenting loan offers that are appropriate. More importantly I'm skilled in asking the right questions when someone calls inquiring about a loan in order to find out what the real situation is. Then I can offer the right kind of loan that is priced accordingly.

Responsibilities

• Originates commercial loans in the amounts of $4 million to over $100 million. • Completes commercial loan underwriting in accordance with bank standards. • Analyzes borrower financial strength and creditworthiness. • Negotiates loan terms in accordance with company policy. • Manages conflict resolution during underwriting and loan closing. • Completes all due-diligence and financial analysis necessary for commercial lending. • Coordinates all marketing efforts company wide. • Assists owners and principles with analysis of company profitability and management decisions

Achievements

Has handled over $1 billion in comercial real estate loans during his career. Responsible for increasing profitability by 50%. Lead loan officer.

Jan 2002 - Jul 2005

Senior Analyst

Goldman Sachs & Company
Details

• Supervises and supports trading for all clients in the U.S. and Asia. • Manages trading for Goldman Sachs privately managed separate accounts. • Creates foreign currency payments. • Negotiates trading error resolutions with technology and regional sales teams. • Highly experienced in booking equity, debt, foreign, and derivative trades. • Manages tax loss harvesting for Privately managed separate accounts. • Actively trades equity positions for separately managed accounts. • Contributes to process improvement and project development. • Coordinates restricted stock transactions, supports sales teams. • Supports GS Bank Zurich, completes trades of foreign equities, debt, and currency.

Responsibilities

Was one of three people responsible for all the duties listed above. We also managed all the operational work for a small group of private hedge funds. I was the primary go to guy to handle all error resolutions for large bulk trades. I also was the sole person in charge of tax loss harvesting in all the separate accounts we managed.

Achievements

The entire program of separately managed accounts and funds we ran increased in size from $5 billion to over $21 billion during my tenure. Much of that sucess was based upon the excelent manner in which we ran the accounts.

Additional Info

was licensed as a stock broker, series 7 and 63 for Goldman Sachs.

Oct 1999 - Jan 2002

Senior Retirement Services Specialist

Fidelity Investments
Details

• Instructs clients concerning retirement investments and risk management. • Educates clients in economic principles of investing, and enters client orders. • Creates company presentations for both Salt Lake and Boston locations. • Specializes in professional communication and conflict resolution. • Contributes to group projects promoting Fidelity products and services • Highly experienced in IRS tax regulations governing retirement plans.

Responsibilities

I provided the individual customer service and investment advice people needed. These people belonged to some of the largest companies and retirement plans in the nation.

Achievements

I was one of a few representatives that were selected to handle the most important and valuable retirement plans Fideility had. They wouldn't let the normal representatives work on those accounts. I was also one a few representatives chosen to lead on new plans that were being bid for. This way new retirement plans had the best first impression of the quality of service available to them at Fidelity. Because of this I was key in bringing on the largest health care organization in the world as a retirement plan client.

Jul 1998 - Sep 1999

Branch Supervisor

Zions Bank
Details

• Supervised all cash transactions over $500.00 and the release of uncollected funds. • Managed cash handling and bank operating procedures. • Coordinated daily updates of branch financial information. • Enforced privacy restrictions between account holders and assisted with cases of fraud. • Administered the records and safeguarding of the Automatic Teller Machine in the branch.

Responsibilities

Control all the cash at the branch via bank policies for access to the vault and monitoring of tellers.

Education

Education

Bachelor of Science

University of Utah
Memberships

Member of the national society of collegiate scholars

Athletics

n/a

Achievements

• Columbia HCA St. Marks Hospital Scholarship recipient.

Aug 2004 - Jun 2006

Master of Business Administration

Brigham Young University
Achievements

BYU only publishes class rankings as who was in the top 1/3 of the class. No other distinction is made. I was honored as one of the class memebers to graduate in the top 1/3 of the class.

Skills

Skills

General

Boating at lake powell off road dirt bike riding Camping