Accounting Manager

Douglas P. Bates 740-***-**** -

Home

**** ****** ***** *. (614) 397-

**** - ****

Columbus, Ohio 43062

abmbth@r.postjobfree.com

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Real estate accounting professional with over 13 year's progressive

experience in directing accounting departments. Comprehensive experience

in real estate, LIHTC, project management, lease acquisitions and golf club

administration. Responsible for corporate and fund accounting including

multi-entity corporations, consolidations and multi-tier partnerships.

Accomplished financial manager, effective communicator and progressive team

leader with proven integrity.

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PROFESSIONAL EXPERIENCE

NATIONAL AFFORDABLE HOUSING TRUST - Columbus, Ohio

Low Income Housing Tax Credit Syndicator

Assistant Controller - July 2007 - Present

Manage staff of two and responsible for corporate/fund accounting, cash

management, A/R and A/P and investor reporting for 25 funds including:

month-end and year-end close, general ledger review and audits. Manage

relationships with external auditors, investors and banks.

. Manage corporate and fund month-end closings including consolidation of

multiple entities and assist Controller with review of financials and

budgets.

. Manage corporate audit and fund audits including; review of work papers,

supplemental schedules for FAS 144 impairment testing, collection and

review of over 90 property audits.

. Designed and implemented new reporting format (easier to read and

follow) for quarterly reports to investors. Updated and/or implemented

other accounting policies and procedures.

. Managed conversion to online banking and automated cash draw process for

equity investments.

. Assisted with implementation of data software (Starta). Continue to

utilize Starta to increase data tracking efficiency.

CAPMARK CAPITAL, INC. - Columbus, Ohio

Low Income Housing Tax Credit Syndicator

Fund Accounting Manager - May 2002 to June 2007

Manage staff of four and responsible for all tax credit fund accounting for

over $1.8 billion in investments of 54 guaranteed and 26 non-guaranteed

funds, including: month-end and year-end close, general ledger review, tax

returns and audits, fund closings, consolidation of funds in compliance

with FAS 66, FIN 46 and ensure other tax and GAAP compliance including

Sarbanes-Oxley. Manage relationships with external auditors.

. Implemented procedures and obtained an 87% on time delivery of 80 fund

level partnership tax returns to investors by due date of March 15 which

entails collecting and reviewing over 830 property level partnership tax

returns. Designed and implemented all other policies and procedures for

fund accounting.

. Assisted Asset Managers, Investors Sales Group and Finance personnel

with 8609's, tax credit compliance, recapture and other issues that

arise regarding accounting and compliance.

. Worked with SVP of Accounting/Finance and Corporate Accounting Manager

on weekly forecasts, month-end close, annual budgets and accounting

issues.

. Resolved a potential $210k IRS penalty resulting in abatement of the

penalty and successfully worked through 5 IRS fund level partnership

audits.

. Designated power user for accounting software conversion from JDEdwards

to Peoplesoft.

HERITAGE DEVELOPMENT COMPANY - Cleveland, Ohio

(Barrington Golf Club - Subsidiary Heritage Development Co)

Controller - March 2000 to May 2002 Responsible for all accounting and

financial management of a golf course and clubhouse, restaurant and banquet

facility, real estate development and home owner's association, including:

cash management, A/R, A/P, payroll, general ledger review, month-end and

year-end reports, budgets and sales.

Douglas P. Bates

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HERITAGE DEVELOPMENT COMPANY (Barrington Golf Club) - Continued

. Negotiated and collected over $75k of outstanding receivables and bad

debts within first two months. A/R ratio continued to be excellent

during tenure.

. Introduced key reports to enhance the effectiveness of the financial

statement process and communication between executive management and

operations.

. Revised internal controls and gained cooperation of department managers

to reduce inventory and cut food costs by 6.2%.

. Used sweep accounts and applied cash management techniques resulting in

$21k annual interest income.

. Completed feasibility study and proforma financials for the prospective

sale of club from developer to the members.

HERITAGE DEVELOPMENT COMPANY - Cleveland, OH

Develop single tenant out parcels, shopping centers and residential

communities

Property Accountant - October 1998 to March 2000

. Responsible for project accounting including overview of existing

construction loan draws and company setups; from charters, deeds and

banking relationships to the formatting of financial statements,

installation of record keeping and internal controls through

compilation of work papers and tax returns for each project.

. Handled all construction accounting for a $20m hotel and conference

center.

. Audited purchase agreements and closings on 280 lot residential

development and prepared work papers and tax return for the project

including calculating construction in progress.

. Completed work papers and tax returns for multiple S-Corp. and

Partnerships.

SIMON PROPERTY GROUP - Youngstown, OH

Largest REIT Company of shopping malls

Payroll Accountant - March 1996 to October 1998

. Responsible for reporting and reconciling federal, state and local

income withholding taxes, including 940's, 941's and SUTA, for 8 pay

companies representing 35 states and $20MM in annual taxes.

. Processed payroll checks for over 7,000 employees and reviewed check

register.

. Self directly calculated burden rates for over 150 malls and community

centers.

. Created innovative spreadsheet template that reduced entry time by 60%.

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EDUCATION

YOUNGSTOWN STATE UNIVERSITY - Youngstown, OH

BS/BA, Accounting - 1996

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SYSTEMS EXPERIENCE

Proficient in numerous accounting, payroll and proprietary software

applications, including: Peoplesoft, Starta, JD Edwards, Peachtree, MRI,

Smyth Systems, and Quick Books 2000. Advanced level user in Microsoft

Office with a skillful understanding of networks and operating systems in a

workgroup environment.

Contact this candidate