David L. Flynn, CPA
Phone 310-***-**** - Fax 805-***-****
*****@****************.***;
OBJECTIVE
To join an organization in a high level financial role which utilizes my
many years of experience in financial management within the entertainment,
commercial real estate, banking, and securities industries.
EXPERIENCE
Prime Source Capital
Owner/Broker 2002
- Present
. Owner of privately held business management and financial consulting firm
which provides accounting, business management and consulting services to
hi-net worth individuals and their related entities, including closely
held corporations, family trusts and charitable trusts.
. Work closely with clients to purchase, manage, redevelop and sell real
estate properties including commercial and residential assets.
. Review with CPA firms K-1s, partnership and trust returns to ensure
proper accounting for all transactions and proper tax return preparation.
Provide real estate lending and brokering services for clients for
residential, commercial and investment properties throughout the US, UK
and the EC.
. Supervise 4 staff.
Bank of America, Private Bank
Vice President, Senior Relationship Manager
2001 - 2002
. Provided financial advice, credit and mortgage solutions to wealthy
customers of the Private Bank.
. As their Private Banker I worked closely with my clients in the
acquisition and financing of many commercial, multifamily and
residential real estate properties.
. Interacted with other departments to provide private banking clients
solutions for their financial needs including associates of Bank of
America Investment Services utilizing derivatives and other devices to
hedge forward interest rate fluctuations on secured real estate
holdings.
. Worked closely with CPAs and other financial advisors of private bank
clients to aid in providing accurate, timely and complete financial
statements, and review supporting tax documentation (partnership
returns, K-1s and trust returns). This included proposing journal
entries to insure proper recording of transactions for tax reporting
purposes. Supervised 3 staff and worked closely with the staff of
other Private Bank departments.
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Morgan Stanley 1998 - 2001
Senior Vice President
. Provided financial advice to wealthy individuals, corporations, trusts
and pension plans.
. Worked closely with clients in the financing of several commercial and
multi- family residential projects. Provided advice on derivatives
and other forward funding solutions to protect against future interest
fluctuations.
. Consulted with clients' financial advisors and reviewed various tax
filings (1099's, partnership and sub chapter S K-1's, trust returns,
etc) to assure accurate tax reporting of all transactions.
. In addition performed consulting services for PricewaterhouseCoopers
to develop investment controls and intranet reporting systems for
partners and managers to help the firm conform to new SEC requirements
. Supervised 3 staff.
Merrill Lynch
1994 - 1998
Financial Consultant
. Provided financial advice to wealthy individuals, corporations,
pension funds, and real estate developers.
. Worked closely with client's CPAs to provide tax planning and
accounting support including review of tax filings.
. Supervised 2 staff.
Deloitte & Touche 1991-
1993
Outside Consultant
. Provided transition of business management practice to Deloitte &
Touche.
. Managed the entire practice during the transition, as well as other
D&T transition team members.
Traubner & Flynn Business Management
1974 - 1991
Managing Partner
. The firm provided business management, tax and accounting services for
entertainment clients, film production companies and wealthy
individuals; including review of all client tax returns (individual
and corporate federal, state and local tax returns; partnership and
trust returns; estate and gift tax returns; payroll tax returns; etc).
. Supervised and advised clients in the acquisition and development of
numerous real estate ventures including office buildings, shopping
centers, small and large strip centers as well as free standing single
real estate projects.
. I personally developed and owned two office buildings and several
multi family developments.
. Oversaw all federal and state tax audits and other compliance matters.
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. As managing partner of Traubner & Flynn I supervised all the staff and
partners. The firm employed 30 staff and 5 partners handling the
financial affairs of more than 80 clients. The firm was sold to
Deloitte & Touche in 1991.
Price Waterhouse & Co
1971 - 1974
Senior Tax Accountant
. Clients were primarily wealthy individuals, banks, savings and loans,
REITs, real estate development and management companies and several
diverse entertainment companies.
. Served as acting tax manager for several REITs, banks, savings and
loans, real estate developers and entertainment clients as well as
more than 100 high net worth individuals and their related entities.
. Services included the preparation and review of federal, various state
and local income tax returns of individuals, corporations, estates and
trusts as well as the preparation of estate tax returns.
. Supervised various tax audits of client returns for federal as well as
multiple state and local taxing authorities.
. Prepared notes to financial statements relating to the provision for
income taxes on various companies audited by Price Waterhouse & Co.
. Supervised 2 tax seniors and 5 tax staff.
EDUCATION & PROFESSIONAL LICENSES
BA (Cum Laude), Political Science, 1971, UCLA
CPA, California, 1973 to Present
NASD Securities Licenses:
Series 7 General Securities Representative License
Series 9&10 Securities Management License
Series 63 Multi-State Securities License
Series 65 Registered Investment Advisor License
California Real Estate Broker's License