Karl Brokmann

Treasury and finance leader with 20+ years of experience managing liquidity, debt, risk, corporate finance, SEC reporting, banking relationships, and executive-level financial operations. Managed $250M+ debt facilities, $10M+ in daily cash reserves, and budgeting for a $500M-revenue enterprise spanning 7 subsidiaries and 65 departments. Combines corporate treasury expertise with current operational leadership of a 300-person accounting services organization, including technology implementation, process improvement, FX cash management, budgeting, and workforce optimization.

Country Head at SUNNYSIDE CONSOLIDATED, LLC (2024-11 – Present)

Lead day-to-day operations for an end-to-end accounting services organization supporting U.S. food and beverage operators, overseeing approximately 300 accountants and data processors.

• Accelerate operational efficiency through adoption of AI-powered process automation, workforce optimization, productivity targets, and quality controls.
• Strengthen operating consistency by creating and improving SOPs for client-specific accounting processes.
• Manage foreign-exchange cash flows and departmental budgeting while supporting financial and operational decision-making.
• Improve organizational scalability by implementing policies, procedures, workforce practices, and cross-functional operating processes.
• Negotiate vendor contracts and manage complex personnel matters involving attorneys and labor disputes.

Corporate Treasurer at MONARCH CASINO & RESORT, INC. (NASDAQ: MCRI) (2021-08 – 2024-10)

Optimized liquidity management for a public company by forecasting daily and long-term cash requirements and managing $10M+ in daily cash reserves across multiple accounts.

• Reduced financing costs by directing draws and paydowns on a $250M bank loan and executing an aggressive early-paydown strategy.
• Generated more than $4M in savings through detailed review and interpretation of loan documentation, interest calculations, commitment fees, and related financing terms.
• Maintained debt compliance across revolving credit and term-loan facilities through quarterly and annual covenant monitoring, amortization schedules, draw requests, interest payments, principal paydowns, amendments, and refinancings.
• Strengthened banking relationships by managing treasury relationships and negotiating for competitive pricing and financing terms.
• Led the annual budgeting process for a $500M-revenue organization spanning 7 subsidiaries and 65 departments; presented the budget to the Board of Directors for approval.
• Protected corporate assets through oversight of annual insurance renewals, coverage and premium analysis, major GL, property, workers' compensation, and crime claims, and enterprise risk initiatives.
• Directed administration of an Owner Controlled Insurance Program (OCIP) supporting construction of a 500-room hotel tower.
• Maintained liquidity and credit controls for a cash-intensive operation while overseeing player credit approvals, collections, and write-offs.
• Managed the equity incentive plan and supported annual stockholder meetings, including financial presentations, proxy documentation, vote tabulation, and inspector-of-election responsibilities.
• Negotiated credit-card contracts and implemented procedures designed to mitigate social-engineering risk.
• Served on Safety, 401(k) Investment, and Suspicious Activity Report (SAR) committees.

Corporate Treasurer at MONARCH CASINO & RESORT, INC. (NASDAQ: MCRI) (2016-03 – 2020-08)

Optimized liquidity management for a public company by forecasting daily and long-term cash requirements and managing $10M+ in daily cash reserves across multiple accounts.

• Reduced financing costs by directing draws and paydowns on a $250M bank loan and executing an aggressive early-paydown strategy.
• Generated more than $4M in savings through detailed review and interpretation of loan documentation, interest calculations, commitment fees, and related financing terms.
• Maintained debt compliance across revolving credit and term-loan facilities through quarterly and annual covenant monitoring, amortization schedules, draw requests, interest payments, principal paydowns, amendments, and refinancings.
• Strengthened banking relationships by managing treasury relationships and negotiating for competitive pricing and financing terms.
• Led the annual budgeting process for a $500M-revenue organization spanning 7 subsidiaries and 65 departments; presented the budget to the Board of Directors for approval.
• Protected corporate assets through oversight of annual insurance renewals, coverage and premium analysis, major GL, property, workers' compensation, and crime claims, and enterprise risk initiatives.
• Directed administration of an Owner Controlled Insurance Program (OCIP) supporting construction of a 500-room hotel tower.
• Maintained liquidity and credit controls for a cash-intensive operation while overseeing player credit approvals, collections, and write-offs.
• Managed the equity incentive plan and supported annual stockholder meetings, including financial presentations, proxy documentation, vote tabulation, and inspector-of-election responsibilities.
• Negotiated credit-card contracts and implemented procedures designed to mitigate social-engineering risk.
• Served on Safety, 401(k) Investment, and Suspicious Activity Report (SAR) committees.

Treasurer, Europe & Africa at WESTPHALIA AUTOMOTIVE, GMBH (2020-12 – 2021-04)

Maintained liquidity during COVID-era cash-flow constraints by balancing daily cash receipts and disbursements across multinational operations.

• Managed foreign-exchange exposure across multiple currencies and maintained daily cash balances.
• Delivered weekly cash-position reporting to the U.S. parent company to support liquidity decisions.

Finance & Treasury Manager at GREATER NEVADA CREDIT UNION (2015-04 – 2016-03)

Managed daily cash balances to ensure liquidity requirements were met while monitoring deposit and loan variances.

• Built a cash-forecasting model to improve visibility into liquidity requirements and cash needs.
• Developed the corporate budget and implemented Vantage budgeting software.
• Managed pre-implementation of profitability-analysis software to improve financial visibility.
• Oversaw daily cash-delivery and vault services, including armored-carrier operations.

Financial Analyst | Investor Relations & External Reporting Manager at BIGGEST LITTLE INVESTMENTS, LP / PELICAN, L.L.C. (2007-10 – 2015-04)

Prepared financial statements for external reporting, including balance sheets, income statements, equity statements, and cash-flow statements.

• Designed and implemented SOX 404 internal controls supporting public-company reporting and governance requirements.
• Prepared and filed SEC reporting, including Forms 10-K, 10-Q, 8-K, Forms 3, 4, and 5, Schedule 13D, and related securities disclosures.
• Forecast financial statements for third-party company valuation and analyzed commercial and residential real-estate leasing markets.
• Supported a going-private transaction involving a reverse split, shareholder information statement, transfer-agent coordination, and SEC filings including Forms 13E-3, 14-D, and 15.
• Managed investor-relations activities including shareholder communications, securities ownership transfers, and equity transactions.
• Administered securities repurchase programs by coordinating documentation, transfer-agent activity, custodial transfers, shareholder records, and legal requirements.
• Supervised four employees across bookkeeping, administration, and facilities functions.

Instructor at UNIVERSITY OF NEVADA, RENO (2007-08 – 2015-08)

Developed and taught undergraduate Business Statistics courses in online and classroom formats.

Investor Relations Director at MONARCH CASINO & RESORT, INC. (2002-01 – 2007-10)

Managed SEC reporting, bank-loan covenant compliance, equity-compensation administration, and corporate press-release issuance.

• Supported shareholder and investor communications and public-company financial reporting.

MASTER OF BUSINESS ADMINISTRATION in Logistics & Supply Chain Management – University of Nevada, Reno

BACHELOR OF SCIENCE, BUSINESS ADMINISTRATION in Finance – University of Nevada