Manager Accounting

`

Thomas J. Mooney CPA MST

***-** ***** ******

Forest Hills, NY 11375

Home: 718-***-**** . Office: 347-***-****

E-mail: *******@****.***

PROFILE

Tax professional with extensive experience in private industry and public

accounting. CPA and Masters in Tax. Self-starter with a strong work ethic

and record of accomplishments in varied positions. Have worked in large tax

departments as well as one-person tax departments. Experience includes:

. Tax planning/research

. Tax accounting

. Federal tax

. State and local tax

. International tax

. Tax audits

. Information reporting and withholding (TEFRA)

. Transfer pricing

EXPERIENCE

2005 - Present Citigroup, Inc., New York, NY

Senior Vice President - Tax

. In charge of Commercial Bank/Credit Cards tax accounting

group. Involves monthly tax reporting for approximately

2,000 subsidiaries in 100 countries.

. Responsible for monthly reporting of corporate tax

benefits and charges to all business units. Involves

working with corporate controllers and regional tax

managers. Tax issues involved with include APB 23, NY

Article 32 tax, Unitary tax, low income housing credit

and solar tax credit.

. Work with Planning & Analysis group on developing budget

of likely tax benefits for upcoming year as well as

monitoring attainment of those objectives.

. In consultation with audit groups, calculate Commercial

Bank's federal tax contingency reserve balance.

. Review deferred tax computations of Commercial

Bank/Credit Cards domestic tax group (FAS 109).

. Work with external auditors on audits of statutory

financial statements for Credit Cards group and Consumer

Finance group.

2001 - 2005 Commerzbank Securities, New York, NY

Tax Director

. Implemented tax reduction initiatives by making certain

the company utilizes tax benefits such as NYS/NYC

investment income rules, NYS Zone Equivalent Area (ZEA)

credit, New Markets Tax Credit and Research Credit. The

Securities Finance department invested $120 million

based on this tax advice.

. Responsible for Federal and State/Local corporate tax

returns and tax provisions (FAS 109).

. Oversee compliance with IRS and OECD transfer pricing

rules. Initiated global transfer pricing studies and

wrote transfer pricing agreements. Work with global tax

department in implementing transfer pricing policy.

. Advise Structured Product Group on tax aspects of

proposed transactions involving, for example, hedge

funds, SPVs and equity derivatives.

. Coordinate compliance with IRS tax shelter disclosure

and list maintenance rules with department heads.

. Advise qualified intermediaries in six countries

concerning U.S. information reporting and withholding

rules. Developed and implemented an internal audit

program for Tokyo office.

2001 - 2005 Commerzbank Securities, New York, NY (continued)

Tax Director

. Settle Federal, State and Local audits. In 2004,

successfully settled NYS & NYC Article 9A corporate tax

audits.

2000 - 2001 Canadian Imperial Bank of Commerce, New York, NY

1997 - 2000 General Re Financial Products Corporation, New York, NY

Global Tax Manager

. Global tax manager responsible for all tax issues for

international derivatives dealer with offices in five

locations: New York, London, Tokyo, Hong Kong and

Toronto.

. Work with outside legal counsel to negotiate and

implement Advance Pricing Agreement (APA) between U.S.

and U.K.

. Responsible for the filing of corporate tax returns for

all offices. This included foreign, federal and

state/city returns in the US, UK, Japanese, Hong Kong

and Canada.

. Successfully settled IRS and Japanese tax audits.

. Advise traders on U.S. tax issues such as non-resident

withholding tax. Also advised U.K. office on tax issues

such as VAT partial exemption, manufactured dividend

rules, and stamp duty reserve tax.

1989 - 1997 Bear, Stearns & Co., Inc., New York, NY

Vice President

Responsible for federal and state/local corporate income tax returns.

Issues included dividends received deduction, Leslie formula, state

allocations and NYS/NYC investment income/expense.

Review Form 5471s for foreign subsidiaries in Europe and Asia. This

included Subpart F and Earnings and Profits computations for each of the

entities.

Prepare Firm's Section 482 transfer pricing documentation and coordinate

monthly profit-split calculation with accounting department.

Provide tax advice to the Emerging Markets and International Operations

departments concerning financial products in countries in the Pacific Rim,

Europe, and Latin America.

Advise brokers and operations personnel on TEFRA tax reporting and

withholding rules for financial products. Responsible for ensuring that

Firm complies with IRS tax reporting, withholding and documentation rules.

Specific areas of involvement include: reporting and withholding

requirements for retirement products, commodities, mortgage-backed

securities, and notional principal contracts; direct dealing with the

Internal Revenue Service, including audit settlement responsibilities.

1983 - 1989 Positions in Public Accounting, including a Big 4 firm.

EDUCATION Pace University (New York, NY)

MS in Taxation, 1993

University of Tennessee

BS in Accounting, 1983

LICENSE Certified Public Accountant, New Jersey

AFFILIATIONS Securities Industry and Financial Markets Association

(SIFMA) State Tax Committee and SIFMA Tax Compliance

Committee.

ACTIVITIES Contributing author to AICPA publication The Tax Adviser;

former co-chairman of DL21C economic development committee,

participant in Pace University Executive Mentor Program, Co-

Chairman Citigroup Green Team professional development

committee.

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