As demonstrated by the broad scope of services we offer, the professionals of SLCS have extensive backgrounds in many aspects of corporate, structured and municipal finance and management consulting. Patrick Belica, Grant Carwile, Paul Sheldon, and Mark Weadick serve as managing directors of SLCS. Patrick Belica leads all of the analytics, cash flow modeling and quantitative work. Patrick is assisted in this capacity by Shannon Shipman. Perry Moore is director of Asset Management, and heads our trust administration, master servicing and compliance business.
Patrick B. Belica, Managing Director
Mr. Belica takes day to day responsibility for many of SLCS’ clients. He is responsible for all of the Firm’s analytics. Prior to helping found SLCS, Mr. Belica worked in the Investment Banking Group at Citigroup with a focus on the student loan sector, where he was responsible for analytical work relating to client issuance of debt, M&A and whole loan sales. Mr. Belica was the chief interface with rating agencies and other professionals in connection with over 40 transactions.
In all of these assignments, Mr. Belica was responsible for transaction structuring, rating agency analytics, derivative strategies and ultimately coordination with trading desks on the initial pricing and ongoing remarketing of securities. Mr. Belica’s debt issuance experience spans the municipal, corporate and ABS markets, having executed transactions in every available mode in each sector. This experience serves him well at SLCS where he oversees all analytics of the firm and ensures that quantitative analysis for each client is up to the highest standard.
Since the founding of SLCS, Mr. Belica has served clients in a number of ways including acting as advisor on new debt issues, advising on M&A assignments, bond restructurings, private loan program development and capital markets financing, portfolio sales, and asset and liability valuations for financial statement purposes Mr. Belica is a graduate of Columbia University.
Grant Carwile, Managing Director
Mr. Carwile has been active in lending, financial advisory, investment banking and capital markets for over 30 years, including nearly 20 years at RBC Capital Markets. During his banking and financial advisory service, Mr. Carwile’s historical client base included finance companies, banks and other lending institutions, loan guaranty agencies, loan servicing organizations, specialty data companies, institutions of higher education, and loan collections organizations. During his career, Mr. Carwile has worked with his clients to create or finance in excess of $53 billion in consumer and higher education loan programs and trusts.
Mr. Carwile has been a frequent speaker at industry associations and asset-backed finance conferences, and he has written articles for national and international finance publications. He is a graduate (BSBA) with high honors of the University of Arkansas and holds a Juris Doctor degree with high honors from the University of Arkansas at Little Rock, where he served as Editor-in-Chief of the UALR Law Journal.
Paul B. Sheldon, Managing Director
Prior to forming SLCS, Mr. Sheldon worked on Wall Street with specialties of Municipal Finance and Student Loan Finance for 27 years, first at Chase Manhattan Bank (now JPMorgan), and for the last 16 years at Citigroup. At Chase and Citigroup, Mr. Sheldon handled numerous general municipal finance assignments for lead managed public offerings and financial advisory assignments. Mr. Sheldon was the co-head of the Citigroup Student Loan Investment Banking Group for many years. During this period, Citigroup ranked as the dominant student loan investment bank, both in the issuance of debt, and in serving as advisor on various M&A assignments, strategic assignments, and portfolio sale and valuation.
In addition to management responsibilities for the group, Mr. Sheldon was the key officer handling many of the firm’s clients. Mr. Sheldon has executed every type of debt security used in student loan finance, including all fixed and variable structures, all taxable and tax-exempt structures, all types of liquidity and other credit enhancing structures, warehousing facilities, etc.
Mr. Sheldon has worked directly with all participants of the business, and has worked with almost all of the issuers of securities, all rating agencies, all bond insurance providers, and all other support organizations involved in the business. Mr. Sheldon has written extensively for various journals, including the Greentree Gazette. He is also involved in various commissions including the study of international student loan finance, and in the financing of early childhood education. Mr. Sheldon graduated from Columbia Business School with an MBA.
Mark Weadick, Managing Director
Mark Weadick has more than 30 years’ finance, management and consulting experience and now specializes in providing consulting and financial advisory services. Mark joined SLCS in June 2008. Before joining SLCS, Mark was the co- head of Citigroup’s Student Loan Investment Banking Group, and has worked for both Citigroup (originally joining Smith Barney in 1996) and William R. Hough & Co. Mr. Weadick has served as project lead and primary contact for over 20 different entities. Mr. Weadick has also completed numerous strategic projects and M&A transactions for clients.
Mr. Weadick also previously served as the chief financial officer for Student Loan Funding Corporation. Mr. Weadick has also worked as a certified public accountant for Arthur Andersen and as a corporate/securities lawyer at Taft Stettinius & Hollister. Mr. Weadick is an honors graduate of both Bowling Green State University (B.S. in Accounting) and the University of Cincinnati College of Law (J.D.).
Mr. Weadick was a founding board member of the Education Finance Council in 1993 and served as Treasurer, and Vice Chairman. Mr. Weadick currently serves on the Board of Trustees of Mount St. Joseph University, The Society for the Preservation of Music Hall and Education at Work.
Perry Moore, Director
Perry D. Moore has over 20 years of accounting and financial management experience. Mr. Moore provides consulting services on student loan related topics through his affiliation with Student Loan Capital Strategies. He joined National Lending Associates as Executive Vice President of Finance in December 2007 where he is responsible for the accounting, administration and treasury functions of their student loan business.
Prior to this position, Mr. Moore was EVP & CFO of Student Loan Xpress (SLX), a student loan provider owned by CIT Group Inc., a Fortune 500 and NYSE listed company and he held various senior finance management positions with SLX and its predecessors since July 2001 where he was primarily responsible for the accounting and treasury functions. Mr. Moore was instrumental in structuring financing vehicles which allowed the portfolio to grow from inception to over $12 billion.
From 1999 through 2000, Mr. Moore was the Senior Vice President and Chief Financial Officer of Student Loan Funding Resources, Inc. (SLFR), an originator and secondary market purchaser of federally guaranteed and private student loans and was a key member of the senior management team that sold SLFR to Sallie Mae in 2000.
From 1992 through 1998, Mr. Moore held various other positions with SLFR and its predecessors. Prior to SLFR, Mr. Moore worked from 1988 to 1992 as controller for Newport Steel Corporation, a subsidiary of publicly held NS Group, Inc., where he was responsible for management of the accounting functions at Newport Steel as well as compilation of the consolidated financial statements of the parent. From 1985 to 1988, Mr. Moore worked in the commercial audit division of Arthur Andersen & Co.
Mr. Moore is a certified public accountant in the State of Ohio and earned a bachelor’s degree in accounting from Bowling Green State University.
Shannon Shipman, Financial Analyst
Shannon has over thirteen years of experience in the student loan industry. Before joining SLCS in 2013, she was a Financial Analyst at Indiana Secondary Market (ISM) for Education Loans. During her time at ISM, Shannon played a key role in assisting the management team with four bond transactions, creating monthly management reports and preparing quarterly reports for the rating agencies.
Shannon’s main responsibility at ISM was to work with the cash flow modeling software DBC. Her analysis and valuations helped the management team to analyze bond structures, price portfolios and evaluate borrower benefit programs.
Prior to working at ISM, Shannon worked in the airline industry as a Revenue Management Analyst at ATA Airlines. During her time at ATA, Shannon used computer-modeling software to forecast passenger trends and behavior to improve the inventory by adjusting demand, fares, and no show rates.
Shannon is a graduate of Western Kentucky University where she earned a bachelor’s degree in mathematics.