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Tim
Jaeger
Director, Advisory
2001 North Main Street, Suite 360
Walnut Creek, CA 94596

Overview

Tim is a Director in BPM’s Advisory Practice and primarily supports the Firm’s CFO Services group, which supports middle-market companies through key points of inflection: rapid growth, capital raise, M&A, carve-out and turnaround/bankruptcy. 

Tim has over 30 years of diverse experience serving in a variety of interim and permanent CFO roles.  Tim’s hands-on approach and team development expertise provides a recipe for success in managing challenging situations and developing positive corporate environments. Tim has experience in public and private companies.

Prior to BPM Tim served as a partner at Tatum, a national, professional services firm, served as the Interim CFO for WMIH (previously WAMU) upon their emergence from bankruptcy and served as interim CFO at private equity and venture back companies during various stages of transition.

Interesting Tidbit

Tim is active in philanthropic work and has served as the President of the California Hawaii Elks Association (CHEA) for the past two years after three years as a member of the CHEA Board of Directors.

As a result of Tim’s role as President of CHEA, he and his wife Sandy spent 40 weekends in 2019 and early 2020 traveling to various locations in California and Hawaii to share information on the good works that the Elks are known for. 

Experience

Interim CFO - Joined an organization to replace a CFO who had left post investment from a Private Equity company. The organization had very limited financial reporting processes in place and the Finance Department was very limited in scope and behind in achieving required reporting deadlines. Built the department, implemented reporting process and controls utilizing the existing systems. Assisted in identifying steps required to implement a scalable ERP. Successfully brought the internal reporting, bank compliance and financial and regulatory audits back to timely completion.

Interim CFO - WMIH Corp., formerly Washington Mutual, Inc., (WAMU). The primary business of WMIH Corp. was a legacy reinsurance business that was operated in runoff mode.  WMIH Corp. is a public entity currently considered an accelerated filer under SEC rules. The company website is now https://mrcoopergroup.com/.  On July 31, 2018, WMIH merged with Nationstar Mortgage and ultimately was rebranded as Mr. Cooper. (COOP)  Initially joined the organization shortly after its emergence from bankruptcy to assist in filing a Form 8-K opening balance sheet, prepare to resume SEC reporting, implementing fresh start accounting and confirming the proper predecessor organization as part of the SEC reporting process.  Developed reporting processes to comply with Form 10-Q, Form 10-K and other accelerated filer reporting requirements. Led the design, implementation, testing and certification of internal controls and related financial reporting to comply with Sarbanes Oxley and to meet, monthly, quarterly and annual reporting and disclosure requirements for SEC and financing arrangements. Assisted in multiple complex financial offerings which yielded in excess of $600 million in convertible securities.

Interim CFO/CFO - Initially joined the company in an interim role immediately following the acquisition of a division of a public company.  Managed over $3 Billion of financing commitments from Banking sources and over $500 Million of Equity like instruments.  Developed infrastructure to replace systems and processes that were previously performed by company prior to the carve-out. Primarily responsible for identifying, sourcing, designing and installing all systems, including G/L, H/R, Intranet, Communications, Billing and Customer Care under tight timeline (9 months).  Eventually, evolved the systems into a custom ERP platform with adequate controls to ensure compliance with policies and internal and external audit requirements across multiple international jurisdictions. Developed and managed a team responsible for Finance, Accounting, IT, Customer Care and HR functions. This included redefining responsibilities of individuals who were part of the acquired entity and locating appropriate talent to fill the team.  Served as CFO for F-1 including multiple SEC response cycles. Reached agreement on numerous purchase price allocations including step acquisitions for previous JV entities purchased in stages. Completed a project to consolidate multiple data centers and move to a virtual server environment.  Designed and managed an internal cloud-based network with remote desktop and paperless functionality to support a global employee base with 24/7 data needs. Managed a corporate structure designed as a group of wholly owned special purpose entities and Joint Ventures. This consisted of 100+ entities that were incorporated in over 10 countries worldwide. Led over 80 audits annually including audits required under debt facilities and statutory audits in international jurisdictions. Led a change of year end from December to March and the simultaneous conversion from “local GAAP”, in multiple countries, to a standardized system of reporting under IFRS for over 80 international entities. This project significantly simplified periodic, quarterly and annual reporting, as the 30+ layer consolidation process of the entities was automated as a result.

Community

  • Member – American Institute of Certified Public Accountants (AICPA)
  • Member – South Dakota Society of CPAs (SDCPA)
  • Board of Directors – Triple H Food Processors, LLC
  • Member Advisory Council – RR Donnelley Active Disclosure
  • President 2019-2021 – California Hawaii Elks Association (CHEA)
  • Assistant Director, Elks National Drug Awareness Program – Benevolent and Protective Order of Elks

Certifications

  • International Financial Reporting Standards Certification – American Institute of Certified Public Accountants (AICPA)
  • Certified Global Management Accountant – American Institute of Certified Public Accountants (AICPA)

Related Service

Education

BS/Business Administration, Accounting – University of South Dakota
MPAcc – University of South Dakota