EMPLOYMENT EXPERIENCE
TOP TIER INVESTMENT BANK
2005 - PRESENT
NEW YORK, NY
VICE PRESIDENT – PLANNING AND ANALYSIS
INVESTMENT BANKING DIVISION
Manage and direct the day-to-day activities of the Planning and Analysis Reporting Group, overseeing a staff of four in all aspects of management reporting for the Investment Banking Division. This division, with $1,204 billion in assets and $24 billion in revenues offers securities products and services to corporations, governments and institutional investors around the world.
Primary responsibility for producing and distributing daily, weekly and monthly reporting packages for the Global Investment Bank.
Create and produce the monthly CFO Reporting Package containing all basic financial information including specific metrics of interest to senior management including economic profit, VaR, volatility, business line concentrations, regional statistics, headcount reporting and allocated capital metrics.
Revitalized and upgraded capabilities in monthly financial reporting, metric analysis and performance management to become more relevant to the needs of senior management and other internal clients. This reengineered reporting process resulted in a monthly time savings of approximately five business days, improved data integrity and controls and aligned deliverable output with management’s long-term needs. This reengineering also provided financial statements in multiple currencies eliminating the need for multiple data files and was ultimately used as a basis for the entire Group financial reporting package.
Creation and preparation of a monthly analysis providing senior management with a unique optic of the business by assessing overall firm goals and quantifying them into specific measurable Investment Banking targets. These targets are compared to peer groups as well as prior performance providing an assessment of whether Investment Banking was leading, improving, lagging or slipping versus its competition.
Built and standardized a balanced scorecard analysis to rank investment banking product groups against their peers within the firm using flexible and objective criteria allowing senior management to assess underperforming groups and provide corrective solutions.
Prepare, submit and analyze the Investment Banking Division’s management reporting packages to Group Financial Controlling for inclusion in Group’s consolidation as well as the Executive Board and Board of Directors reporting.
Created a series of “What If” analyses for senior management showing performance metric possibilities within a preset scenario as well as key trends and financial statistics.
Responsible for reporting to Group Controlling various currency fluctuation impacts on the financial performance of the Investment Bank.
Maintained reporting responsibility for the Investment Bank’s assets under management.
Partnered with the Legal and Compliance Group to assess access rights to sensitive financial reports.
Responsible for Planning and Analysis Sarbanes-Oxley reporting requirements.
Review and approval authority for all changes made to the Investment Banking management reporting systems structures and reporting hierarchys.
Promoted staff development and group unity by instilling a sustained commitment to quality and cultivating a shared sense of purpose, synthesizing divergent viewpoints, maintaining open communications and role modeling core organizational values of integrity, ethics, quality and teamwork.
MERRILL LYNCH
2004 – 2005
PLAINSBORO, NJ
VICE PRESIDENT – PARTNERSHIP ACCOUNTING
MERRILL LYNCH INVESTMENT MANAGERS – ALTERNATIVE INVESTMENTS
Directed all financial operations for 17 unregistered private equity fund of funds totaling approximately $1.4 billion in committed capital. These funds invested globally across the spectrum of private equity disciplines, including buyouts, recapitalizations, restructurings, growth development, venture capital, distressed securities and mezzanine financing. Distribution channels include institutional entities and pension funds along with high net worth individuals.
Leveraged diversified industry and financial experience to develop strategic plans and strategies and build financial and administrative structures which enhanced internal controls around the day to day financial and investment activities of the funds.
Review and understand complex structures and interpret and apply partnership agreement requirements to fund activities and processes.
Designed financial analysis, tracking and reporting systems to improve the timeliness and accuracy of critical investment information to support strategic decision-making.
Created and implemented an automated methodology for calculating fund net asset values, replacing the former time consuming manual process.
Played a key role in transitioning routine accounting function to a new accounting outsource provider.
Created a methodology to better track investment inflows and outflows while simultaneously building in automated tests and checks to ensure fund accuracy and consistency.
Planned and coordinated external audits and interfaced with auditors on an ongoing basis to discuss audit status, issues and disclosure concerns.
Reviewed credit facility borrowing base requirements and determined that all loan covenants were in compliance with stated loan agreements.
Created a methodology and consolidation process for tracking and monitoring fund accruals resulting in time savings and reduced audit testing.
Created control and disclosure checklists for review of financial statements used by fund staff to improve the review process and provide ML management with higher quality financial statement draft reports.
Managed, developed, motivated and mentored three direct reports and supervised and guided five outsource provider staff.
DEUTSCHE BANK
1998 – 2004
NEW YORK, NY
VICE PRESIDENT – ASSET MANAGEMENT FINANCIAL CONTROLLER
FINANCIAL CONTROLLING - ASSET MANAGEMENT AMERICAS (2002 to 2004)
Manage the day-to-day activities of the Asset Management Financial Control Group overseeing all aspects of financial accounting and reporting for 36 asset management legal entities totaling approximately $4.4 billion in assets and $70 million in revenues.
Responsible for financial reporting and analysis of worldwide Asset Management proprietary principal investment positions totaling $2.6 billion and related hedging portfolio totaling approximately $200 million.
Responsible for initiation and execution of a firm-wide initiative to strengthen the Group’s regulatory capital position and improve ROE by reducing risk weighted asset positions through liquidation of approximately $500 million in global principal positions.
Coordination with risk controlling and investment management to initiate and monitor hedging strategies on all at-risk proprietary positions.
Played a key role in integrating the accounting systems of two key acquisitions, Scudder Investments (a global asset manager), and RREEF (a real estate investment firm), with assets under management of approximately $250 billion and $16 billion, respectively.
Oversee implementation of Sarbanes-Oxley compliance for Asset Management legal entities.
Lead Asset Management’s MRP (Management Review Process) team for four primary Asset Management Americas product groups (Real Estate, Hedge Funds, Retail Funds and Institutional Funds) as well as three central business support groups. The MRP process is a proactive initiative designed to improve controls and corporate governance by focusing on controls and monitoring of balance sheet activity with an emphasis on related qualitative data and implementation of best practice solutions.
Work in conjunction with legal, tax, compliance and fund approval committees to coordinate and oversee the approval process for the seeding of new Asset Management funds. Such funds involve various products including fixed income, equities, insurance and real estate.
Managed overall process to streamline Asset Management business structure by eliminating unnecessary cost centers (over 700 cost centers eliminated) and consolidating or eliminating legal entities. These initiatives saved the business approximately $1 million by reducing indirect allocated expenses.
Liaise with overseas counterparts to maintain integrity of inter-entity fee-based revenue sharing agreements that cross geographic areas and control the related accounting and reporting processes.
Prepare, submit and analyze both financial and management reporting packages to Deutsche Bank Head Office in Frankfurt.
Preparation of flash P&L reporting for all Asset Management investments on a monthly basis.
Primary contact person for external and internal audit processes.
VICE PRESIDENT – INCOME STATEMENT MANAGER DB AMERICAS FINANCIAL GROUP (1998 – 2002)
GROUP FINANCIAL CONTROLLING
Develop and lead the day-to-day operations of the consolidated profit and loss function for the Deutsche Bank Americas business unit including financial reporting and disclosure, operational analysis, information systems coordination and internal administration.
Preparation, review and analysis of consolidated Deutsche Bank Americas financial information for inclusion in Head Office consolidated financial statements.
Preparation and review of interest and noninterest related profit and loss information, including relevant disclosure information contained in SEC regulatory filings 10-K, 10-Q and 8-K.
Compilation and review of monthly nonaudited senior management financial statements and related analysis for both Deutsche Bank Americas and Bankers Trust.
Review and approve all additions and deletions of legal entities to the domestic corporate consolidated structure.
Primary responsibility for integration of Bankers Trust financial accounting systems into the Deutsche Bank entity. This project involved the creation of over 10,000 new accounts and was designed to provide financial reporting in accordance with both US GAAP and International Accounting Standards (IAS).
Departmental coordinator for critical risk management functions including business continuity planning and oversight of risk management and control monitoring standards (RICMS).
Preparation and review of monthly financial presentations made to the Bankers Trust Board of Directors.
KPMG PEAT MARWICK LLP
1993 – 1998
NEW YORK, NY
AUDIT SENIOR MANAGER
AUDIT AND ATTESTATION SERVICES
Served as the lead engagement senior manager on the City of New York’s financial statement and single audits, the New York City Transit Authority’s financial, single, and pension audits, and Nassau County’s financial and single audits. The City of New York was one of KPMG’s flagship clients with an annual operating budget of approximately $30 billion.
Functioned as lead engagement senior manager for audits of multiple quasi-governmental organizations, not-for-profit foundations and public pension systems.
Performed attestation services as engagement in-charge senior for large international financial service and banking clients including National Westminster Bank, Sterling Bancorp and Berliner-Handelsbank.
Exceeded firm-set gross revenue management and accounting income targets by 220% and 367% respectively, effectively managing $2.0 million of fee-based revenues resulting in $1.4 million of accountancy income during fiscal year 1998.
Sold in excess of $100k of value added services to clients in addition to initiating fee revisions in excess of $500k in response to regulatory changes.
Client chargeability in the top 10% of all Northeast Public Services line-of-business managers while still participating extensively in non-chargeable activities such as instructing training classes and participating in firm-wide initiatives such as recruiting and representing KPMG at industry functions.
Assisted in various large consulting engagements and special projects, including testing the processes and controls built in to the Transit Authority’s Metrocard system, reviewing the Department of Sanitation’s Waste Hauling project where refuse is hauled out of State to conserve landfill capacity and participating in the Nassau County Federal Revenue Maximization Project whereby prior year claims for federal social service reimbursement are analyzed and resubmitted resulting in multi-million dollar amendments.
Performed comfort and consent procedures for multi-billion dollar municipal debt offerings.
Prepared and presented various presentations and proposal projects to client management.
Instructed various national and local office auditing, accounting and professional skills courses to KPMG professionals and client personnel.
Responsible for line-of-business human resource allocation for KPMG Long Island.
Elected Northeast Regional Champion for KPMG’s Business Measurement Process (BMP), an auditing methodology with an emphasis on risk assessment and value added processes.
1996 winner of Instructor Excellence Award, denoting top rated national level training instructor.
Served as a special reviewer for the Government Finance Officers Association (GFOA), a process where municipal financial statements are reviewed to determine if a certificate of achievement for financial reporting excellence should be awarded.
HAFT & GLUCKMAN CPAS
1990 – 1992
NEW YORK, NY
AUDIT SENIOR
Planned and performed GAAS audits of medium to large companies with an emphasis on banking, participated in IPOs and SEC filings, prepared corporate tax returns and researched tax issues.
THE ASSOCIATED PRESS
1986 – 1989
NEW YORK, NY
ACCOUNTANT
Compiled and analyzed company financial statements on a monthly basis, performed general analysis, special project work and assisted in the strategic planning and capital budgeting process.
EDUCATION
1994 – MBA, Finance St. John’s University Jamaica, NY
Member Beta Gamma Sigma (Business School Honor Society)
Member Omicron Delta Epsilon (Economics Honor Society)
1986 – BS, Accounting St. John’s University Jamaica, NY
PROFESSIONAL AFFILIATIONS
Certified Public Accountant, State of New York
Certified Public Accountant, State of New Jersey
American Institute of Certified Public Accountants
New York State Society of Certified Public Accountants |
