MEDIA, Pa., Sept. 30, 2020 /PRNewswire-PRWeb/ -- Title Alliance, Ltd., a full-service title insurance agency offering a complete range of title and escrow services for the public, the construction industry, attorneys, banks and other lenders, and the real estate industry, has named Tom Cestare as their Chief Financial Officer. In his role, Tom will be responsible for the planning, implementation, and managing of all the financial activities of the company, including business planning, budgeting, forecasting, and negotiations.
With over 30 years of experience, Tom is a knowledgeable financial industry executive with substantial financial services and investment experience. In addition, he has expertise in managing the financial risks of major companies, as well as capital deployment, strategic financial planning, and reporting. Tom has a proven record of successfully directing all aspects of enterprise-wide finance, including accounting and reporting, budgeting and planning, mergers and acquisitions, interest rate risk, and capital and liquidity management.
"Not only does Tom come to Title Alliance with an in-depth experience in dealing with ESOP companies, but he's also an inspirational leader who empowers employees to build world-class teams that consistently exceed objectives," said Jim Campbell, Chief Executive Officer of Title Alliance. "Tom is a perfect fit at Title Alliance, where our philosophy is creating opportunities for personal and professional growth, to generate positive results for our partners and clients."
"I'm very excited to join Title Alliance, the company has consistently proven to be a leader in delivering high quality work while exceeding industry standards in regards to compliance and customer service," said Tom Cestare, Chief Financial Officer at Title Alliance. "I look forward to working with enthusiastic and imaginative team members who thrive in a fast-paced environment and to bring new ideas to Title Alliance's already exceptional service offerings and clients."
Before joining Title Alliance, Tom was the Executive Vice President and Chief Financial Officer at Beneficial Bancorp, a $4.7 billion bank with over $240 million in revenue. While at Beneficial, Tom managed a team of more than 65 employees and was responsible for corporate finance and accounting, facilities, and risk management which included capital deployment and optimization, corporate planning/budgeting/forecasting, profitability analysis and reporting, facility management and lease negotiation, management and investor reporting, mergers and acquisitions, interest rate risk management, liquidity management, and investor relations.
Title Alliance has been thriving, even during the pandemic, with a year-over-year increase of 29 percent in joint venture profits. The appointment of Tom as the new Chief Financial Officer positions Title Alliance to continue the company's strong growth well into 2021. With Tom's help, Title Alliance is poised to discover opportunities for their accounting department to become more robust, in addition to the enhancement and streamlining of processes, procedures and functions.
About Title Alliance:
Title Alliance has been forming successful single and multi-state title joint ventures with lenders, realtors, and builders since 1983. We work with our partners to establish in-house title and settlement operations, dramatically enhancing their customer service and increasing their profit. Started and headquartered in Media, PA, Title Alliance's family of companies are currently in 10 States with more than 55 offices. Title Alliance works with partners to establish in-house title and settlement operations to dramatically enhance customer service and increase profit. More information at http://www.titlealliance.com.
SOURCE Title Alliance
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