Twenty-four years of experience concentrated in real estate; accounting, finance, acquisitions, valuations and asset management. Positions held; Big 5 manager, controller, director of finance and CFO. Credentials; CPA, MBA and an advanced professional certificate in investment banking. |
OBJECTIVE: SENIOR LEVEL FINANCIAL POSITION
PROFILE:
Comprehensive experience with all financial aspects of real estate including; asset management, office / residential / industrial development, acquisitions, lenders due diligence, valuations, transaction structuring, tax planning and risk management
Successful executive-level experience in; strategic planning, board presentations, corporate finance, accounting operations, GAAP financial and management reporting
Proven ability to; troubleshoot and develop innovative solutions to business challenges; successfully manage change to improve performance; efficiently implement financial software; develop policies, procedures and corporate governance
Skilled in; staff development, motivation, and retention of key personnel; building strong alliances and teams within the organization and with external professionals such as; joint venture partners, lenders, accountants and attorneys.
HIGHLIGHTS:
Identified acquisition price adjustments totaling $38 million
Performed acquisition due diligence exceeding $2.8 billion
Performed lenders due diligence exceeding $800 million
Performed $4.1 billion of real estate valuations
Increased IRR of residential development by reducing equity requirements $7 million
Increased profit on flip transaction $6 million
Reduced income tax liability $5 million
Implemented fully integrated real estate financial software
Spearheaded $8 million insurance claim
EXPERIENCE:
Major Real Estate Company With Holdings In A Metropolitan Market
6/00-Present
Real Estate & Investment Controller
Responsible for all financial asset management relating to a 5.6 million square foot portfolio of class B+ office properties located in a major city and valued in excess of $1.5 billion. Other primary responsibility includes the financial oversight and reporting for a $125 million equity and fixed income investment portfolio.
Significantly improved financial oversight, management reporting and corporate governance
Played key role in the implementation of a fully integrated financial & management software
system
Spearheaded $8 million insurance claim
Optimized and supported positions taken on real estate tax filings
Developed timely and accurate job cost reporting which stopped budget abuses
Work closely with investment advisors and board members to develop a strategic asset allocation plan
Designed and implemented treasury management functions and reporting
Stopped the historical practice of using unrealistic assumptions in preparing long-term forecasts
Big 4 CPA Firm, Financial Markets, Located In A Metropolitan Market
6/98-6/00
Consulting & Audit Manager
Consulting and audit engagements include; $3.5 billion valuation of investment properties owned by Credit Suisse First Boston / $600 million valuation for WP Carey / numerous CMBS loan reviews for GE Capital / lenders due diligence for Credit Suisse First Boston / audit of publicly traded hotel investment and procurement company / and the audit of a major metropolitan real estate organization.
Increased client profits $6 million by identifying structural defect relating to a flip transaction involving the purchase of corporate stock and the simultaneous asset sale of three full service hotels
Regional CPA Firm, Located In A Metropolitan Market
1/96-6/98
Principal
Primary responsibility was acquisition due diligence, SEC filings and numerous special projects for large office REIT. Acquisition due diligence approximated $2.5 billion comprised of; 85 suburban Class A office properties, 9.7 million square feet, located in 13 states, and one of the largest private to public real estate mergers at that time.
Due diligence efforts identified $38 million of purchase price adjustments
Created and continuously improved the due diligence methodology still used by the firm today
Importer / Distributor, Located Outside a Metropolitan Market
5/94-1/96
Chief Financial Officer
Importer/distributor
Investment Company, Located In A Metropolitan Market
11/92-5/94
Vice President and Chief Financial Officer
Responsible for financial oversight, GAAP reporting, transaction structuring, board presentations, treasury management and forecasting for this diversified investment company with assets in real estate, mortgage finance, hospitality and heavy equipment manufacturing.
Reduced equity requirements $7 million in connection with a large residential development
Simultaneously closed on sale of equipment leases and a $80 million private placement of debt for the acquisition of two additional hotel companies
Real Estate Owner / Developer / Manager, Located Outside a Metropolitan Market
8/88-11/92
Director of Finance
Responsible for GAAP reporting of private and publicly syndicated partnerships, treasury management, debt restructuring, tax planning and compliance for one of the nation's largest industrial real estate organizations with operations in development, general contracting and asset management.
Reduced income tax liability $5 million by analyzing provisions of a construction completion guarantee then recapitalizing certain entities which preserved tax benefits for the principals
Importer/distributor, Located Outside a Metropolitan Market
11/86- 8/88
Financial Analyst
International Insurance Company, Located In A Metropolitan Market
4/84-11/86
Financial Analyst
Big 8 CPA Firm, Located In A Metropolitan Market
8/80-4/84
Audit Supervisor
EDUCATION & PROFESSIONAL LICENSE:
Advanced Professional Certificate
New York University
Investment Banking
1997
Master of Business Administration
Long Island University
Finance
1983
Bachelor of Science
Mercy College
Accounting
1980
Certified Public Accountant |
