Real Estate Manager

STEPHEN A. HUCKO, CFSA/MBA

*** ******* *****

Basking Ridge, New Jersey 07920

908-***-**** *******@*****.***

SUMMARY OF QUALIFICATIONS

Cost-conscious, analytical and responsive SENIOR REAL ESTATE FINANCE /

ACCOUNTING EXECUTIVE with a proven record of success. Creative and

persistent problem solver, who thrives on adding value, is calm under

pressure and gets the job done. Self motivated, confident, precise and

diligent team builder who possesses excellent interpersonal and

communications skills with the highest integrity, ethics and honesty. Firm

but fair, hands-on leader and coach, organized and thorough planner, and

win/win negotiator dealing effectively across all levels of the

organization. Accustomed to a fast pace and multiple projects, fulfills

priorities and meets deadlines while consistently providing value-added

advice to management, enabling them to meet strategic business objectives

and profitability.

Areas of Expertise

Financial Operations Control & Reporting including financial statements and

management reporting, profit planning & budgets, internal controls,

analysis and forecasting, cost accounting, company-wide cost reduction

programs, taxes - tax escrow, payments and compliance.

Controllership including G/L, policies and procedures, innovating and

installing accounting systems, benefits/payroll, staff management, year-end

audit preparation, tax coordination with the outside CPAs and in accordance

with company policy and US GAAP.

Cash & Working Capital Management including billing, rent collection, CAM,

cash forecasting, work in progress, collections, negotiations, bank

transactions, property tax and mortgage loan payments, overhead reductions,

capital budgeting, asset financing and restructuring, A/P, A/R, investing,

commissions and fees, risk management and foreign exchange currency

reporting.

General Management & Supervision including business integration &

restructuring, creating & administering organizations/structure, wage &

salary administration, recruitment, talent evaluation, hiring/

promotion/firing decisions, team building, staff training, and daily

operations. Maintained professional relationships with banks, investment

firms, title company, realtors, legal, CPAs, architects, vendors,

suppliers, contractors, engineers, government, inspectors and IRS.

Financial Analysis including evaluating financial results and modeling,

P&L's, variance and statistical analysis, expense challenging and cost

improvement, financial support for senior operational management, capital

expenditures, financial ratio analysis (including IRR, DCF, NPV and ROA),

payback and breakeven analysis.

Strategic Planning including competitive research, identifying key success

factors, modeling, long and short term business planning, contingency

planning, M & A, divestiture analysis, capital structure planning,

forecasting and measurement systems.

BUSINESS EXPERIENCE

Presently Continuing Professional Education (CFSA credits), advanced Excel

training and job search activities.

2007 STEPHEN HUCKO CONSULTING, Basking Ridge, NJ.

to

2009 Interim Controller, B & D HOLDINGS, INC., Watchung, NJ 2009.

Provided controllership duties for $100 million commercial real

estate property management company consisting of 10 entities and up

to 70 properties in the commercial portfolio throughout the United

States. Analyzed leases, CAM, property charges, prepared GL and

financial statements. Reported to the President / Chairman.

Consultant, BLACKROCK REALTY ADVISORS, INC. Florham Park, NJ 2008 and

GEMINI REAL ESTATE ADVISORS, INC., New York City 2008.

Provided quarterly and year-end portfolio review of property level

financial statements to ensure entries were properly accounted for

conforming to GAAP and account analysis for this global real estate

manager of over $30 billion in real estate portfolios of debt, equity

and transactions including apartment, office, industrial and retail

properties. Also, provided annual audit work paper preparation and

analysis for this full service real estate company specializing in

the acquisition, development and management of commercial real estate

with a portfolio of more than 3.5 million square feet. Reported to

the Controllers.

* Prepared ad hoc projects utilizing Excel and Yardi. Reviewed and

recommended changes to fund portfolios

monthly property and portfolio financial statements packages to

comply with GAAP and Sarbanes Oxley requirements.

* Prepared REIT compliance test schedules, prepared sales closing

costs analysis and schedules for the public

auditors; and also prepared annual audit work papers for the

external auditors.

Interim Controller, CB RICHARD ELLIS, INC., Basking Ridge, NJ 2007.

Provided outsourced real estate controllership duties including

project, facilities and transaction management lines of business for

Avaya's Global Real Estate Group which consists of over 300 offices,

commercial and warehouse corporate locations worldwide. Reported to

the CBRE Account Executive Director and the Avaya Director of Real

Estate Finance while managing the global accounting and finance staff

of 7 people for the $190 million budget reporting actual, plan,

forecast and variance analyses.

2003 Controller, ELITE PROPERTIES, LLC, Warren, NJ.

to

2007 Provided controllership duties for a $50 million real estate

developer and property management company consisting of luxury

single and multi-family residential, commercial and office projects.

Experienced with Master Builder and QuickBooks including system

conversion. Managed one professional and reported to three Partners.

* To establish fiscal discipline, analyzed existing procedures and

management's IT system. Reviewed accounts

payable, verified data and entered into the system for payment.

Identified duplicate billing and errors; then

negotiated adjustments with suppliers, vendors and contractors.

Result: saved over $550,000; eliminated fiscal

chaos and instituted strict financial cost controls.

* To lower supplier costs, conducted extensive itemized pricing

analysis and assisted negotiations with partner

and supplier VP. Result: achieved $40,000 credit; standardized

materials cost between construction projects.

1999 Interim Associate/Consultant, CLINTON CHEVROLET-CADILLAC 2001 to

2003 and small business

to financial consulting 1999 to 2001.

2003

Provided financial and legal analyses for a legal practice and

established small business financial procedures.

1992 GENERAL MOTORS INVESTMENT MANAGEMENT CORPORATION, New York, NY.

to

1999 Manager, Financial Analysis - 1998 to 1999.

Provided real estate, private equity, partnership and private asset

financial analysis for the GM Pension Plan and clients that

represented $100 billion in all asset classes. Reported to the

Director, Financial Analysis.

* Participated on a team as Asset Specialist that developed and

implemented an Activity Based Cost/Management

(ABC/M) system which redefined the cost drivers and allocations to

their appropriate strategic business units

for controlling & benchmarking $300 million budget and expenses.

Manager, Financial Accounting and Controls - 1995 to 1998.

Directed the administration, reporting, valuation, financial

accounting and internal controls support for the $8.9

billion Alternative Assets (private equity - domestic and foreign,

venture capital, private debt, real estate, timber,

oil and gas) portfolios. Managed 2 direct reports, 2 contract

employees, 2 interns and reported to the V.P.

Finance/Treasurer.

* To obtain proper payments which did not exceed contract

obligations, designed and built database which

controlled cash flows for $4 billion real estate portfolio.

Monitored and verified capital calls.

Result: achieved accurate and consistent capital payments; saved

millions in excess capital payments.

* To maximize interest income, analyzed partners cash distribution

and identified the proper accounting.

Instructed trustee bank how to record transactions. Result:

generated $1.1 million additional interest income.

* To ensure proper accounting transactions, resolved accounting

differences between the pension plan, general

partners, trustees and external investment managers, which

uncovered discrepancies in fund valuations.

Result: properly accounted for and avoided potential decline in

performance.

* To ensure the proper online accounting and measurement system, as

finance expert partnered with Morgan

Stanley in development. Result: developed the Alternative

Investment Management (AIM) system for GM's

$3 billion private equity and venture capital portfolio.

Senior Analyst - 1992 to 1995.

Responsible for collecting, examining and applying financial analyses

of cash flows, valuations, benchmarking and performance; tracked

and analyzed real estate, private equity, venture capital,

partnerships and private investments while supporting the strategic

input for the decision-making process. Reported to Manager, Financial

Accounting Controls.

* To increase data integrity, performed testing and auditing of the

functionality, data accuracy, proper accounting

and execution for Securities Trading Accounting and Reporting System

(STARS) enhancements. Executed and maintained STARS automated

equity portfolio benchmarks that measured investment performance.

Result: uncovered potential enhancements for the Systems and

Programming staff revision prior to production.

1990-1 Manager, Financial Quality Control, RICKEL HOME CENTERS, South

Plainfield, NJ.

Reported to the Director of Accounting Operations.

1983-0 Senior Financial Consultant, MERRILL LYNCH and Financial

Consultant, RYAN BECK & CO.

1980 WARNER-LAMBERT COMPANY, Morris Plains, NJ.

to

1983 Senior Financial Analyst - 1982 to 1983.

Reported to the Supervisor of Financial Analysis.

Financial Analyst - 1980 to 1982.

Reported to the Manager of Financial Analysis.

* To improve senior management's alternatives in the five-year

strategic planning process, and in collaboration

with IT, built TSO and SIMPLAN automated strategic plan model.

Result: decreased management decision-making time by 500%.

1978 Business Planning Analyst, INTERPACE CORPORATION, Parsippany, NJ.

to

1980 Reported to the Manager of Business Planning.

* To give senior management merger, acquisition and divestiture

alternatives to be presented at the Board of Directors meeting,

recommended to Assistant Controller that an integrated actual,

budget and forecast computer system be developed and then directed

the integration with the outsourcing IT partner.

Result: allowed the budget to be integrated into the strategic

corporate plans and control model; increased management alternative

decision options by 300%.

1977 Financial Systems Analyst, WITCO CHEMICAL CORPORATION, Paramus, NJ.

to

1978 Reported to the Manager of Financial Systems.

* To safeguard the $60 million payroll disbursements, recommended to

Assistant Controller that internal

controls needed to be strengthened. Result: achieved during

later implementation.

* To improve cash flow and accelerate cash reimbursements,

recommended and established an insurance claims

procedure. Result: cash flow improved by 50% for each claim.

1974 MAHER TERMINALS, INC., Jersey City, NJ.

to

1977 Cost/Financial Analyst - 1976 to 1977.

Reported to the Manager of Cost/Financial Analysis.

Staff Accountant - 1975 to 1976.

Reported to the Director of Corporate Accounting.

* To reduce the year end loss and enhance bank loan relationship,

implemented a corporate change in

depreciation method (conforming to APB #20 Accounting for Changes).

Result: achieved a 45% ($2 million)

reduction in year-end loss.

Assistant Revenue Accounting Supervisor - 1974 to 1975.

Reported to the Revenue Accounting Supervisor and assisted with

supervising the staff of 7 people.

* To reduce year end loss and generate a new revenue stream,

developed and managed conversion of a complex

billing system from manual to automated process which required

interfacing with management and computer

service employees. Result: achieved a $5 million increase in

revenue.

1972-4 Sales Associate for JOHNSON & JOHNSON, New Brunswick, NJ 1973 -

1974 and WESTERN UNION

COMPANY, New York, NY 1972 - 1973.

EDUCATION MBA, Accounting (1978) and BBA, Marketing (1972), SETON HALL

UNIVERSITY.

LICENSURE / CERTIFICATION

Active CFSA Certification (Certified Financial Services Auditor).

Previously held Series 7, 63, NJ Life Insurance and NJ Real Estate

Licenses.

PERSONAL DATA & INTERESTS

Single; excellent health. Willing to travel and open to relocate

worldwide. Tennis, football, basketball, soccer,

track, hiking, cultural events and church activities. Member of FENG

(Financial Executives Networking Group).

Contact this candidate