Company: Transcap Trade Fin. LLC
Location: Scottsdale, Arizona, United States
Ira Jay Edelson, President at Transcap Trade Fin. LLC, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in finance and accounting.
With more than 40 years of experience to his credit, Ira Jay Edelson has excelled as a venture banker, financial advisor and business developer in which he utilized his wealth of knowledge on finance, negotiation and capital markets. In 1991, Mr. Edelson realized the need for United States distributors and manufacturers to secure financing of the purchase of offshore goods and certain U.S. produced goods. As a result, he took early retirement from Deloitte and co-founded Transcap Trade Finance LLC in Northbrook, Illinois, in 1991, which specialized in providing 100% financing towards the purchase of goods both foreign and domestic. Transcap became one of the top privately owned companies as designated by Crain’s Chicago Business. Mr. Edelson remained chief executive officer and president of Transcap until he sold the company in 2008 to a major U.S. bank.
Prior to Transcap, Mr. Edelson became an acting Deloitte partner at the age of 31 and flourished as a partner-in-charge of the entrepreneurial business services department for Deloitte Haskins & Sells from 1979 to 1987, the capital markets department with Deloitte from 1987 to 1989 and the Deloitte & Touche capital markets department from 1989 to 1991. During that same period of time, in 1982 he was a financial advisor to an Illinois gubernatorial candidate and in 1983 he was a special advisor to the chairman of the Chicago Housing Authority. In addition, during the years 1984 and 1985 he became economic and financial fiscal advisor to Chicago’s mayor, Harold Washington, the acting director of revenue for the city of Chicago, and co-chair of the 1985 Chicago Sports Stadium Commission.
Growing up in poverty, he briefly garnered experience as a truck driver and a bookkeeper in his early adulthood. Prior to graduating with a Bachelor of Science in 1968 from DePaul University and after his discharge from the Army, he began his career with Deloitte as a staff accountant. Early in his career, Mr. Edelson notably learned computer skills through manuals, including utilizing Deloitte’s record-auditing program known as “Auditape.” From 1970 to 1974, he became a worldwide coordinator for Deloitte in the use of auditing through computers and using quantitative methods of auditing, such as statistical sampling.
As an offshoot of his various achievements within the field, Mr. Edelson earned distinction as a prolific speaker and consultant in his field, and in 1975 he was an instructor of finance at Northwestern University’s Graduate School of Management. Also, he has been an expert witness in various federal trials, an executor of a very large estate and a trustee of a significant trust. Additionally, Mr. Edelson has been a financial advisor to various religious and ethnic organizations, including Central Baptists Children’s Home, various Catholic schools, various Jewish organizations, the African American Police League, and many similar organizations.
Further, Mr. Edelson founded and was co-chair of the Illinois Real Estate Round Table, and is or has been a member of the American Institute of Certified Public Accountants, the Illinois CPA Society, the Commercial Finance Association, now called the Secured Finance Network, the Turn Around Management Association, the Foreign Trade Association, and many other financial and business organizations. His non-professional achievements include being president of two country clubs, the Briarwood Country Club in Deerfield, Illinois, and Troon Country Club in Scottsdale, Arizona; co-founder of the Troon Scholarship Foundation; and fond memories of a tryout with the Chicago White Sox in 1964 and the Chicago area high school championship chess team with a personal perfect record, also in 1964.
In light of his exceptional undertakings, Mr. Edelson has accrued several accolades throughout his impressive career. In 1967 and 1968, he was recognized in Who’s Who Among Students. Mr. Edelson was also selected for inclusion in multiple editions of Who’s Who in Finance and Business, Who’s Who in Finance and Industry, Who’s Who in America, Who’s Who in the Midwest and Who’s Who in the World. Likewise, Mr. Edelson is a recipient of the Albert Nelson Marquis Lifetime Achievement Award, the highest honor presented by Marquis Who’s Who. It is Mr. Edelson’s hope to continue to cement his legacy of professional and personal selflessness among his peers, family and community.
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