clough dot fred at gmail dot com
Fred Clough is a Senior Credit Professional with fourteen years of experience in underwriting and risk management.He has an incisive, analytical mind and is direct in his approach to discovering the facts and data.His preferred management style is of a Player/Coach and he thrives on studying existing methodologies and condensing large amounts of financial data while developing new systems and processes to improve the production/workflow as required. His positions have been with several well known equipment leasing companies, including Wells Fargo Equipment Finance and ORIX Financial Services.Most recently, Mr. Clough was the Senior Vice President and Credit Manager for Harbour Capital Corporation, one of the nation’s largest independently owned leasing companies where he was responsible for all aspects of Credit Underwriting, Credit Policy and co-managing the syndication efforts of this 45 person company. Mr. Clough is highly proficient with computers and Excel and has been a Microsoft Certified Professional (ID#1811244) since 2000.He is well-known for having an affinity for analyzing user requirements, procedures and problems to improve processes that optimize the use of technology.He is an Eagle Scout.
Mr. Clough has a solid track record in high-risk decision making having previously held sole signatory credit approval authority up to $2 million. While tough-minded, he is objective and realistic and his ability to work long hours until a problem is solved has allowed him to build expertise in middle-market credit underwriting, cash flow management, financial statement and data analysis, risk management, corporate lending, transactional structuring, commercial collateral evaluation, pricing, budget development and forecasting and financial reporting. Mr. Clough is a confident self-starter dedicated to achieving results. He has consistently demonstrated the optimal balance of critical skill sets needed for seasoned credit professionals and has successfully managed personnel in times of change while earning the respect of both subordinates and peers. A take-charge manager who is able to present creative ideas and communicate the associated benefits succinctly, his insights and lines of questioning have afforded him invitations to participate in numerous strategic initiatives.
While his primary area of expertise is Credit and Risk Management, Mr. Clough brings an Operation Manager’s perspective to running a business.He is deadline conscious and intent on achieving balanced results across all critical performance metrics.Representative accomplishments include:
·Achieved the rank of Vice President, Credit Manager at age 32, one of the youngest Credit Managers ever promoted at Wells Fargo Equipment Finance.
·Embracing constant change, his underwriting talents and leadership have allowed him, in concert with the Senior Management team he has partnered with since 2005, to build funded volumes at two de novostartups from $0 to $100 million in less than 24 months.
·One of three managers tasked to bring a successful application-only model to Wells Fargo Equipment Finance where he was responsible for all Excel modeling.The model is still in use today.
·Conservative underwriting practices, even with a risk model devoted to challenged credits.While at Equilease Financial Services, the static pool analyses for the specific division portfolio under his management at FYE December 2007 showed an average IRR of 13.85% and a net loss of .99% vs. the corporate HQ portfolio (accounted for separately), which showed a net loss of 2.57%.
Fred graduated from the University of Maine with a Bachelor of Science in Business Administration with a dual concentration in Finance and Accounting.He originally envisioned a dual Business Administration/Music Performance degree (Percussion) and majored in both until his Junior year before concentrating his efforts on business.He has participated and invested in significant amounts of personal development training both outside the office and while on the job.He is a committed “learning expert” and has a unquenchable thirst for knowledge.
He has resided in the seacoast area of New Hampshire for the past 11 years with his wife and two children.He is dedicated to the study of nutrition, human potential, playing piano and enjoys photography, reading and baseball.He has traveled extensively for both business and pleasure.