Gordon Margolese, CA
Chief Financial Officer with extensive international experience in the real estate, retail and telecommunications industries
Senior financial real estate executive with some of the following accomplishments: Instrumental in the sale of 14 commercial properties to a major REIT producing a $30 million profit. Oversaw acquisitions of $500 million, strategic planning and business development. Arranged over $300 million of construction financing and subsequent joint venture agreements. Completed the acquisition of 11 office buildings resulting in a $20 million revenue increase. Implemented both Yardi and Timberline real estate applications. Successfully reduced the time of the audit engagements, resulting in a 50% savings in audit fees. Financial leader adept at increasing revenue, identifying problems, defining solutions and implementing new procedures. Skilled in negotiations, operations, communication and employee motivation. Track record in acquisitions, joint ventures, divestitures and financial restructuring. Experienced in U.S., Canadian and International GAAP and taxation. Developed and implemented strategic plans including IT, legal, human resources, and financial key performance indicators.
Career History
Budtel Communications, LLC Sarasota, FL 2008 Present
President & CFO
Budtel is a provider of broadband telephone services. The technology enables anyone to make and receive phone calls with a touch tone telephone almost anywhere a broadband Internet connection is available. Budtels service is sold on the web and through multi level marketing and is available to customers in the U.S. and Canada.
Responsibilities and Achievements: Provide vision strategy and oversee all finance, operations, human resources and ongoing development of the organization. Responsible for the day to day operations, including managing the national voice and data network operations, systems monitoring, the technical support group, back office systems, customer provisioning and supply chain logistics. Gordon Margolese, CAPage 2
Bourn Partners, LLC Tucson, AZ 2006 - 2008
Chief Financial Officer
Bourn Partners, LLC is a client-driven real estate services company specializing in the leasing, sales, management, acquisition, and analysis of office, industrial, retail, multi-housing, and investment properties and is one of the leading developers in Arizona.
Responsibilities and Achievements: Responsible for the financial and IT functions of the company. Initiated the implementation of a new management reporting system and business improvement process. Re-organized the accounting process by functional area to better serve its clients. Develop and implement strategic goals and long-term objectives. A member of the Executive Committee of the company.
Co-Operators Development Corporation Limited Guelph, ON 2000 - 2006
Vice-President Finance & CFO
Wholly-owned subsidiary of The Co-operators Insurance Group, one of the largest insurance companies in Canada. $1 billion of real estate developed and managed, comprised of residential, office, retail and industrial properties.
Responsibilities and Achievements: Arranged over $300 million of construction financing and subsequent joint venture agreements. Analyzed and determined insurance and bonding requirements with the parent company. Monitored minimum capital requirements for OSFI Established a private equity limited liability partnership fund and assumed the President functions. Negotiated and closed the strategic purchase of a property management company. Responsible for all financial and administrative matters of the corporation including IT, legal, and investor relations. Oversaw acquisitions of $500 million, strategic planning and business development. Implemented new nationwide integrated Yardi accounting and online management reporting system. Developed the company's strategic five-year business plan. A member of the Executive Committee of the corporation Prepared and presented all financial and related materials at the Board level. Gordon Margolese, CAPage 3
Capital Development Company Olympia, WA, USA 1993 - 2000
Vice-President Finance
$500 million family-run commercial and residential real estate developer. The largest landlord to the State of Washington and over 2 million square feet of real estate in Texas.
Responsibilities and Achievements: Instrumental in the sale of 14 commercial properties producing a $30 million profit. Completed the acquisition of 11 office buildings resulting in a $20 million revenue increase. Responsible for all financial matters of the corporation. Directed all property management and leasing functions in Texas. Implemented Timberline real estate accounting and reporting system. The only Officer of the company who was not a family member.
First Quebec Corporation Montreal, QC 1988 - 1993
Vice-President of Finance and Administration
Major downtown developer of high-rise office buildings.
Responsibilities and Achievements: Responsible for all financial and administration matters of the corporation. Arranged construction financing and helped negotiate joint venture agreements. Implemented general ledger system and enhanced work flow procedures and efficiencies. Successfully reduced the time of the audit engagement, resulting in a 50% savings in audit fees.
Gordon Margolese, CAPage 4
Summary of Previous Experience
Steinberg, Inc., Montreal, QC1981 - 1988 Director of Accounting
Ernst & Young, Montreal, QC1979 - 1981 Senior Auditor
Education
Concordia University, Montreal, QC B.A.-Psychology
McGill University, Montreal, QC Diploma in Accounting
Passed Chartered Accountancy designation
Associations Financial Executives International National Council of Financial Executives of the Conference Board of Canada Strategic Leadership Forum
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