EXECUTIVE SUMMARY
Over 25 years of Controllership and management experience of construction, development, and property management firms.
Experience includes, but not limited too:
Financial Accounting: all accounting functions; multiple entity and consolidated financial reporting; analysis of operations; budget preparation to include cash flows; projections; internal audit procedures; preparation of year-end audit schedules; Ohio Commercial Activity Tax (CAT) filings; payroll and related issues (multi-state, union, and exempt, IRS 940 and 941 filings).
Treasury functions: cash management, cash requirement reports, Statement of Changes-In-Cash Position (funds flow), debt portfolio management (corporate debt schedules, lender reporting requirements, loan amortization schedules, and roll-forward schedules), Letters of Credit, banking relationships, reserve funding (i.e. capital replacements, insurance, and R/E taxes).
Construction: job cost accounting for fixed contract, percentage of completion, and cost plus contracts; contract review and administration; Work-In-Process reports; Notice of Commencement; Notice of Furnishings; draw requests (owner and subcontractor); lien waivers; AIA G702 & 703 forms; insurances, workers compensation certificates.
Real Estate Asset Management: real estate tax evaluation appeals; lease analysis and administration; lease options; CAM, NNN, and Escalation invoicing; percentage (overage) rent calculations; Rent Rolls (Gross Leasable Area, Rentable Square Foot, and Usable Square Foot); property and liability insurances.
Software experience includes 15 years of Sage-Timberline (G/L, A/R, A/P, Job Cost, Property Management, Payroll, Report Writer, and Financial Statement modules) and created numerous financial and informational reports via the Report Writer; 3 years of Yardi, QuickBooks, and Microsoft products.
EMPLOYMENT
Company (2007 2008).
Chagrin Falls, Ohio
Controller for two construction companies, a development company, an excavating company, numerous partnerships, for a total of twelve entities, with a consolidated budget in excess of $150,000,000. I was the third Controller in less than two years.
Direct reports included one financial accountant (CPA), three project accountants, and one accounts payable clerk.
Accomplishments included:
Discovery of two accounting errors totaling $300,000 of funds previously not recorded;
Discovery of a $300,000 discrepancy in the Work-In Process profitability report;
Eliminated $50K of accounts payable older than two years, increasing Misc. Income;
Discovery of significant operating cash deficits and prompted the necessary action to resolve;
Creation of monthly financial reports for single entities and consolidation of primary companies via the Timberline software system;
Incorporated a Changes in Cash Position Statement (via Timberline) with the monthly financials;
Introduction of monthly management narrative of the financial statements;
Creation of a cash requirements reports (global and job specific) via Timberline system.
Company (2006 2007)
Solon, Ohio
Position of Controller/General Manager for a construction, property management, and development company, with an operating budget in excess of $10,000,000.
The Controllers position had been vacant for nine months, and therefore my initial efforts were to reconstruct correct records to complete the filing of the 2005 tax returns and provide current financial statements to owners.
Direct reports included three project accountants.
Accomplishments included:
Expensed to the 2005 Bad Debt $90,000 of receivables outstanding for two plus years;
Filed first real estate tax appeal in six years to reduce the market value from $9.4 million to $8 million;
Discovery of a continuous six year accounting error, reducing taxable income $158,000;
Restructure of the companys health insurance plan produced $7,000 of savings without a reduction in benefits;
Introduced monthly financial statements, with narrative of variances, versus the previous quarterly financial statements;
Reduction of external CPA billed hours for financial statement and tax return preparation from 34 hours for 2005 to 23 hours for 2006;
Corrected and re-established 2004 base year escalation expenses;
Creation of a new chart of accounts to provide detailed operating information.
Available are copies of advanced Notice of Resignation and third party Letter of Recommendation.
Company (2002 2006)
Beachwood, Ohio
Position of Controller for three retail centers, two residential complexes, Management Company, numerous ancillary partnerships, and various trusts, totaling twelve entities. Served as Corporate Secretary for the company.
Accomplishments included:
Increased interest yield on reserve funds ($1,700,000) ranging from 0.05% to 1.32%, to 2.75% in 2003. Increase return again from 2.75% to 4.1% in 2004;
Introduced monthly management narrative and analysis of financial statements;
Expensed $200,000 of obsolete tenant improvements and leasing commissions of vacated tenants;
Reduced 2003-2004 commercial property insurance premium, saving $50,000;
Initiated real estate tax appeal for two residential properties, which could result in a savings of up to $99,000 over three years;
Obtained refunds of $19,500 from SBC for 9 years of over charges;
Discovery of 6 years of capital gains/losses not recorded for a family trust.
Copy of Letter of Recommendation available.
Company (1989 2002)
Northfield, Ohio
Position of Controller for one retail center, two apartment complexes, a public garage, and six office buildings encompassing one million square feet, and the management company.
EDUCATION
KENT STATE UNIVERSITY.
Graduated: August 1985
Degree: Bachelor of Business AdministrationMajor: Accounting
LAKELAND COMMUNITY COLLEGE
Graduated: 1975
Degree: Associate of ArtsMajor: General courses.
OTHER
Completed four of seven BOMA classes for a Real Property Administrator certificate.
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