CFO, CONTROLLER, VP FINANCE - Executive Resume Search
CFO, CONTROLLER, VP FINANCE - Executive Resume Search
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CFO, CONTROLLER, VP FINANCE Resume


Desired Industry: Executive SpiderID: 47915
Desired Job Location: Middlesex, New Jersey Date Posted: 2/3/2011
Type of Position: Full-Time Permanent Availability Date: 02/04/11
Desired Wage: 120,000
U.S. Work Authorization: Yes
Job Level: Executive (President, VP, CEO) Willing to Travel: Yes, Less Than 25%
Highest Degree Attained: Masters Willing to Relocate: Yes


Objective:
I am an accomplished executive-level financial manager with progressive experience spanning account retention and development, and administrative supervision. I am respectfully submitting my qualifications for your consideration. As a strategic planner and analytical problem solver, I have successfully driven revenue growth using cross-functional leadership and motivational skills. Given the opportunity, I am confident I would be a valued addition to your esteemed organization.

Throughout my career, I have optimized profitability by enhancing a corporation’s image through financial restructuring, managed various capital projects, and inspired confidence in potential investors. Currently, I oversee all accounting aspects, train personnel, and forge strong client relationships.

In order to describe the ways in which I can specifically contribute to your objectives, I would appreciate an opportunity to meet with you personally. After reviewing the enclosed resume, please contact me so we may meet at a mutually convenient time. Until then, I look forward to hearing from you and thank you for your attention.


Experience:
EXPERIENCE

CFO, Clinton Housing Development Company 2009 - 2011
• Strategic planning and acquisitions of land and development of new sites and revitalization of old communities with new and modern amenities with the help of private investments for garden apartments. Arrange financing of various deals and negotiations with investors and lending institutions for timely and economical funding of various projects. Oversee, and analyze all processes and due diligence from LOI to closing in acquiring properties.
• Prepare capital and operating budget to strengthen liquidity and increase profitability. Enhance the relationships with investors and lenders by ensuring that debt service coverage ratio is well maintained, and necessary precautions are undertaken to maintain the same in upcoming fiscal year. Develop financial models to increase the vote of confidence of investors and lenders in new deals and projects. Work with leasing and building managers to evaluate occupancy, collection / receivable, operating cost and comparative cost study among various properties to improve profitability.
• Prepare timely waterfall based on complex partnership agreements.
• Prepared detailed equity and distribution statements including allocations of profit. Analyzed current IRRs with comparison to agreed financial model. Liaised with investors, their fund administrators and tax accountants to evaluate the fund growth and attract them to invest further with confidence.
• Prepare and monitor monthly, quarterly and annual financial reports with budget variance analysis and notes to financials for partners, investors and lenders.

CFO, American Realty Capital, LLC 2006 - 2009
A private REIT of $1B, focused on triple & double net properties like banks and stand alone commercial properties.
• Oversaw, and analyzed all processes and due diligence from LOI to closing in acquiring triple and double net properties in open ended funds.
• Managed assigned funds and maintained fund accounting processes for various garden apartment properties. Raised capital calls for acquiring new partnerships.
• Set new accounts and ensured smooth transition by setting up information quickly and accurately.
• Advised board members of various properties on their current financials, budgets and cash flows as well as on various options
of financing major capital improvements.
• Supervised property management and professional fees based on the management agreement.
• Prepared timely waterfall to various preferred investors and limited and general partners.
• Prepared detailed equity and distribution statements including allocations of profit. Analyzed current IRRs with comparison to agreed financial model. Liaised with investors, their fund administrators and tax accountants to evaluate the fund growth and attract them to invest further with confidence.
• Implemented control on proper insurance coverage as required by leases and ensured timely payments by tenants.
• Evaluated property performance thru cost comparisons of similar properties. Guided asset managers to consolidate various contracts and establish mass purchase policy to improve profitability. Supervised month-end closing for multiple companies and management of company operations.
• Reviewed fixed assets schedules and prepared depreciations on tax and GAAP basis.
• Compiled and recorded various amortization schedules.
• Prepared monthly financial reports on GAAP basis and quarterly and annual reports on GAAP, tax and fair market value basis.
• Implemented new accounting software, IBS, and produced automated financial reports.

CFO, 601 West Associates LLC 2001 - 2006
A group of commercial properties over $2B funded with private equity; owned, managed and developed.
• Acquired several properties, formed new partnerships and refinanced.
• Prepared and reviewed acquisition costs and funds-flow to match with acquisition models for variances.
• Prepared capital calls with IRRs for major capital improvements with detailed analysis for various residential garden apartments, and co-op properties.
• Processed and supervised dissolving of the partnerships and selling of the properties and accurate disbursements of funds. Established and accounted for escrow accounts for closing expenses and promptly disbursed the balance.
• Coordinated, compiled, and reviewed partnership financial reports in accordance with GAAP and FASB requirements. Prepared detailed capital statements, GP allocations, and distributions for each partner. Analyzed financial statements, comparing with prior
year’s actual as well as current year’s budget with appropriate explanations for variance.
• Prepared and reviewed K1s, and supplied timely information to general partners for their filings of 10Ks and 10Qs.
• Created and maintained excellent working relationships with various investors, and their fund administrators and accountants by providing timely information on fund growth and tax implications.
• Calculated monthly management, professional and administration fees based on management agreements.
• Calculated monthly waterfall for preferred returns, return of preferred equities, and common returns. Prioritized timely funding of distributions to various partners and investors as per the agreements.
• Prepared and monitored operating and capital budgets, and cash flow forecasts to increase liquidity and net earnings.
• Supervised the timely preparation of monthly billings, various escalations, charge backs, and cash management reports.
• Reviewed straight line rent calculations. Computerized fixed assets and depreciations of various assets using FAS on tax and book basis. Prepared various amortization schedules for proper recording.
• Advised board members of various properties on their current financials, budgets and cash flows.
• Worked closely with other departments to share common information and implement proper flow of work papers to increase efficiency and strengthening team work.
• Resolved all issues related to and including upgrade of computer hardware and software.
• Trained staff in their related areas of work to boost their confidence.
Key tenants were: Tommy Hilfiger, Johnson & Johnson, Martha Stewart Omnimedia, Gartner Group, US Customs, and FBI.

Accounting Manager
Phipps Houses 1993 - 2001
A group of residential properties worth $1.5B funded with private equity; owned, managed and developed.
• Maintained a $15M+ investment portfolio; recorded premiums, discounts, and interest earned and accrued.
• Prepared and supervised internal and external monthly, quarterly, and annual financial reports.
• Forecasted budgets and cash flow for capital projects, operating income and costs, and distributions.
• Generated statutory reports for low-income housing to DHCR and HUD; worked with property managers to fulfill obligations.
• Monitored and prepared updates for state and federal government entities detailing subsidies and grants.
• Computerized lease extractions for CAM charges, CPI increase, and tax escalations to optimize profitability.

Assistant Controller
Sunrise Mall Associates 1985 – 1993
A mall in Long Island, NY funded with private equity; owned, managed, and developed.
• Prepared business plans for major renovations and upgrades of mall facilities to maintain high-profile customers.
• Encouraged tenants to pay rent by the tenth of each month; reduced late mortgage payments and related fees.
• Improved investor relations by timely distributions of preferred returns.
• Prepared monthly, quarterly, and annual financial reports with budget variance analysis.
• Prepared monthly waterfall for limited and general partners.
• Prepared detailed schedules of distributions and allocations to partners with K1s.
• Managed funds of investors and fund accounting processes.


Education:
EDUCATION
• M.S.–Finance, Baruch University, New York with 4.0 average
• B.S.–Accounting & Auditing, University of Bombay, India with 95% average score
LICENSES
• Chartered Accountant - the Institute of Chartered Accountants of UK
• Chartered Accountant - the Institute of Chartered Accountants of India


Affiliations:
The Institute of Chartered Accountants of UK
The Institute of Chartered Accountants of India


Skills:
COMPUTER SKILLS
• IBS, BJ Murray, Skyline, MRI, QuickBooks, FAS, Excel, and MS Office


Reference:
Available upon request.


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