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Accounting Manager

Location:
Norristown, PA
Posted:
October 24, 2014

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Resume:

Brian Cassidy

**** ******** **** **** ****, PA **422 *215-***-****

acghgg@r.postjobfree.com

Citco Fund Services Inc. Malvern, PA

Accounting Manager (SVP), Private Equity/Alternative Investments

06/07 to 06/14

• Oversaw and manage investment accounting and financial reporting of complex private equity legal

entities with a wide range of strategies and structures including master-feeder funds, fund of funds, hybrid,

offshore funds, parallel,co-invest, SPV, AIV, multi-class, real estate, distress assets, and private placements

products. (Citco Malvern office operation manager from 10/12 to 06/14 of 3 Account Managers, 4

Supervisor, 11 Fund Accountants, and 2 Business Support staff members).

• Promoted from Vice President Operational Relationship Manager to Senior Vice President Operational

Relationship Manager in June 2012.

• Citco global corporate private equity administrator of Investran private equity general ledger accounting

software, implemented and trained staff members, troubleshoots legal structures and accounting issues;

develop applications with software provider to automated accounting procedures and resolve complex

allocation methodologies. Oversee new account legal structure setups, conversions, SOC 1 and

performance requirements for clients for Citco worldwide offices.

• Manage monthly, quarterly and annual preparation of NAV and financial statements per GAAP and

offshore requirements, handle external audits, create fund budgets, review call/distribution for investor and

investments, created and analyze legal structure incentive calculations and assist in tax preparation of

1065 and K-1.

• Citco private equity steering committee member-assess and approve new private equity and hybrid

alternative investment business, develop accounting control procedures and determine profitability of

new and existing client relationships.

• Marketing liaison for private equity group develop marketing brochure, software application presentation,

conduct sales presentations, and determine pricing of alternative investment services.

• Main relationship contact for 11 clients with investment managers, prime brokers and custody banks.

Understand, communicate and resolve unique client and vendor requests in timely and efficient manner.

• Managed and evaluated office operations of staff for client, project work allocation, and career

development.

PNC Bank/PFPC Inc. Wilmington, DE

Accounting Manager, Private Equity/Alternative Investments

03/03 to 06/07

• Oversee and manage investment accounting and analysis of 8 private equity limited partnerships, 9 Hedge

Funds and 5 Mutual Funds (staff of 1 Manager, 2 Supervisors and 5 Accountants).

• Monitored and determined cash flow allocations (capital calls and distributions) on both the underlying

fund level and the Limited Partnership level.

• Manage quarterly and annual preparation of Financial Statements per GAAP and regulator agencies,

audits, budgets, and tax related reports for Portfolio Manager and Limited Partners.

• Prepared and coordinated SEC filings of 10K, 10Q, N-SAR & N-Q reports, along with co-writing of

Management Investment Discussion section and footnotes for quarterly and annual financial statements.

• Corporate Administrator of Investran Private Equity general ledger accounting software, train, coordinate

staff members, develop applications to automated performance (IRR) and distribution module for existing

waterfalls, preferred returns, hurdles, transfers and clawbacks.

• Marketing Liaison for Alternative Investment group develop marketing brochure, software application

presentation, conduct sales presentations, and determine pricing of Alternative Investment services.

• Direct contact for Investment Manager of above Alternative Investment Funds for timely delivering of

standard and adhoc reports related to the Funds and Limited Partners.

• Conversion and new account Administrator-analyze Partnership and Management agreement to accurate

Fund setup on general ledger software, that includes preferred return, (ROR)(IRR),waterfall distribution,

allocation structures (series, classes), custody bank agreement, and proper audit and tax reporting.

CMS Affiliated Partnerships Bala Cynwyd, PA

07/02 to 02/03 Accounting Partnership Supervisor, Private Equity/Alternative Investments

• Supervise and manage day to day responsibilities of 28 Private Equity funds and 9 Alternative Investment (Hedge

Funds) Limited Partnerships. (Staff of 3 Senior Accountants and 1 Administrative Assistant).

• Monitored and determined all cash flow allocations (capital calls, contributions and distributions) on both the

underlying fund level and the Limited Partnership level.

• Develop and implement procedures for new and converted accounts to meet clients and departments goals, then

review all transferred item for accuracy.

• Serve as lead contact for year end annual audit and preparer of tax returns for limited partnerships,

(1065, K-1, 1042, PFICs, and S corporation) at a federal and state level.

• Review all underlying quarterly and annual financial statements and determine accurate write downs,

or footnotes for tax consideration adjustments need for year end financial statements or tax returns.

• Key contact for Portfolio Managers, Relationship Managers, Independent Auditors and Clients for

tax estimates, performance inquires, funded commitment levels, and financial statements.

• Software Applications-Great Plains, Investran, and Klienster Federal and State Tax.

SEI Investments, Inc. Wayne, PA

Accounting Manager/Supervisor, Alternative Investments Services (Hedge Funds)

8/00 to 01/02

• 100% responsible for the day-to-day delivery of premium hedge fund accounting services to the internal and

external clients. (Managed 2 accounting supervisors and 5 accounting analysts).

1. Understand, communicate and resolve unique client requests in timely and efficient manner.

2. Develop and implement procedures for new and converted accounts to meet clients and departments goals.

(50% accounts daily NAV’s, 50% monthly evaluation).

3. Create, monitor and reinforce training staff of accounting procedures for Alternative Strategies (derivative

trading, currency hedging, distress securities, short selling, option strategies, merger and fixed income

arbitrage, swaps fund of funds, incentive fee calculations, ect.).

• Coordinate and supervise the preparation of all quarterly and year-end financial statements and tax returns for

several investment partnerships along with the compliance of SEC and IRS regulations.

4. Serve as focal point for audit process, performance measurement, and accounting system inquires.

5. Installed, converted and developed procedures for current staff on Advent Partnerships accounting system.

6. Monitor revenue, cost and staffing to the departments, to ensure that year-end goals are met.

7. Last annual review of June 2001 received an outstanding level of 46 of 50.

Penn Street Advisors, Inc./Millennium Bank Malvern, PA

Junior Portfolio Manager / Research Analyst/Trader/Operation Manager

5/94 to 7/00

• Responsible for the operations of two mutual funds & Hedge Funds, institutional and high net worth

individual accounts, representing assets totaling approximately $105 million (30 accounts)..

• Maintain and verify all accounting portfolio systems (Advent Axys2 and Phoenix) then construct asset

allocation reports of equity products (domestic and international), fixed income products (US Treasuries

and Agencies, corporates, ABS, CMO’s and pools) along with currencies, derivatives, swaps, hedging and

short-term instruments.

• Negotiate all firm trades (fixed and equity) with 10 to 15 brokerage houses.

• Resolve all account related problems with Custodian and made all short-term cash equivalent decisions.

Internal Revenue Service Philadelphia, PA

3/91 to 5/94

Taxation Accountant

Hamilton and Company Princeton, NJ

12/88 to 3/91

Performance Financial Analyst

12/86 to 11/88 Kidder Peabody and Company, Inc. Philadelphia,

PA

Registered Representative

West Virginia University Morgantown,

Education:

WV

Bachelor of Science in Finance

1986

Concentration: Investment Analysis and Banking

Temple University Philadelphia,

PA

15 Upper Level Accounting Credits

Computer Proficiencies:

Communications: Bloomberg, Reuters, Internet, E-Mail applications

Applications: Investran 6.2, Advent Geneva & Axys, Great Plains, Portia, SunGard software applications,

Windows, Excel, Word, PowerPoint, Crystal Report, Access, databases, accounting (portfolio and general

ledger), investment analysis, ect.



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