Real Estate Management
Resume:
NANCY KRESEK
Los Angeles, CA 90049
*******@***.***
Senior Financial Executive with diversified leadership experience with
private and public companies. Strong operational and strategic focus with
demonstrated track record of creating organizational infrastructure
necessary for growth. Results-oriented, self-motivated, problem solver
comfortable making decisions in rapidly changing organizations. Key
accomplishments:
. Growth: Implemented strategies to achieve 30%+ annual revenue growth.
. IPO: Completed 3 IPOs and set up public company financial structure.
. Strategic Planning: Implemented 3-year business plan and product
pricing strategies.
. Reporting: Designed and implemented financial and cash management
reporting processes.
. M & A: Analyzed, acquired, and integrated new acquisitions in excess
of $5 billion.
. Management: Hired, developed, and promoted 70% of staff to advanced
positions.
PROFESSIONAL EXPERIENCE
AMERICAN SPECTRUM REALTY MANAGEMENT, Irvine, California
Executive Vice-President & Chief Financial Officer
2009 to 2010
Successfully integrated acquisition of real estate property management
company with residential, office, storage and student housing properties
throughout the United States.
. Acquisition: Acquired 80 property management contracts and two private
REITs from real estate sponsor organization. Created property management
organizational structure to support management and financial reporting
requirements. Set-up new office and transitioned all operations.
. Management: Oversaw all financial reporting, cash management, human
resources, information technology, investor relations, property
management, and asset management functions and staffing.
SCI REAL ESTATE INVESTMENTS, Los Angeles, California
Chief Financial Officer
2003-2009
Oversaw finance, information technology, human resources, and investor
reporting functions for real estate company listed in 2006 to 2008 Los
Angeles Business Journal as fastest growing company.
. Growth: Implemented corporate growth and investment strategies that
provided 30%+ annual revenue growth and portfolio growth from $250
million to $2 billion.
. Financing: Developed banking relationships; negotiated revolving lines of
credit, real estate and mezzanine loans to support acquisitions of $1
billion annually.
. Process improvements: Successfully instituted departmental work flow
processes to coordinate the acquisition, due diligence, documentation,
and sales activities; selected Microsoft CRM system.
. Financial Reporting: Installed financial reporting processes, systems and
controls and coordinated audit of financial statements; Upgraded Yardi
financial systems and reporting.
. Funds: Created and administered 3 private equity funds for mezzanine
financing and real estate.
. Tax: Coordinated preparation of LLC, corporate, and individual federal
and state tax returns; structured transaction, including 1031 tax
deferrals, to benefit investors and owners.
. Investor Relations: Directed investor relations, financial and tax
reporting for over 2000 investors.
LRN, the LEGAL KNOWLEDGE COMPANY, Los Angeles, California
Vice President, Finance and Administration
2002-2003
Senior Financial Officer of Software company focusing on legal, ethic, and
compliance training programs.
. Budget: Developed budget capabilities by instituting reporting and
analysis by major business segments and product lines enabling management
to streamline operations.
. Strategic Planning: Designed and implemented 3-year business plan and
instituted budgeting and reforecasting procedures tied to long-term plan.
Page 2, Nancy Kresek
Consultant, Chicago, Illinois
2001-2002
Retained by organizations to perform financial and operational reviews in a
variety of roles including:
. SEC: Interim Chief Financial Officer for Chart House Enterprises, a
publicly held restaurant company. Completed S-2 SEC filing for $8.5
million convertible redeemable preferred stock rights offering; Prepared
board and audit committee presentations; reviewed and filed 10K.
MAVERIX.NET, INC., Chicago, Illinois
Chief Financial Officer
1999 to 2001
Implemented business strategy and created organizational structure from
start-up of operations to commencement of service for telecommunication
company.
. Financing: Completed $17 million private equity placement and $25 million
equipment lease facility.
. IT Systems: Selected and installed Solomon financial accounting software
and integrated Customer Relationship Management (CRM) system.
. Human Resources: Designed and implemented human resource policies, 401k
plan, stock option plans, sales incentive programs, and employee review
procedures.
EQUITY GROUP INVESTMENTS, Chicago, Illinois
Vice President/Treasurer
1996 to 1999
Vice President-Investment Administration and Accounting
1988 to 1996
Financial Analyst
1985 to 1988
Controller 1982 to
1985
Private Equity Investment Firm controlled by entrepreneur, billionaire, Sam
Zell, with rapidly changing portfolio of private and public companies and
Real Estate Investments Trusts (REIT).
. Revenue Growth: Member of team that built real estate company with
revenues of $2 million into a diverse organization with consolidated
multi-industry revenues of $10 billion.
. IPO: Prepared SEC filings; Structured and completed IPO's for three
companies; created public company financial reporting structure.
. Acquisitions: Analyzed investment opportunities and successfully
integrated new acquisitions in excess of $5 billion.
. Financing: Restructured $300 million revolving credit facility to
achieve greater flexibility, obtain more favorable rates, and develop new
sources of credit.
. Reorganization/Cost Reduction: Developed and implemented company's
reorganization plan resulting in $5 million cost reduction; outsourced
certain operational functions reducing staff by 50%.
. Institutional Funds: Planned and prepared documents and financial reports
for five institutional funds that raised $3 billion to purchase
distressed assets.
. IT Systems: Directed the design and installation to new financial
software improving internal controls and enhancing reporting
capabilities, including J.D. Edwards, Hyperion, and MRI.
. Estate/Foundation: Provided valuation of owners' multi-billion dollar
diverse investments portfolio for estate tax purposes and coordinated
estate, family trust, and foundation tax planning.
. Treasury/Cash Management: Implemented banking structure consolidating
1500 entities and short-term investment program which provided
alternatives for investing $200 million working capital.
. Legal/Compliance: Drafted, negotiated, and ensured compliance with
partnership, trust, loan, fund, securities, and other legal agreements.
. Board Relations: Prepared and presented material for Board of Directors'
meetings; participated in Board of Directors, Audit and Investment
Committee meetings.
. Investors: Improved communication with individual and institutional
investors by developing systems for quick response to inquires and
instituting quarterly and annual reports.
. Tax Structuring: Conducted review of transactions involving significant
corporate, partnership, and investor tax implications; oversaw
preparation of partnership, corporate and individual tax returns.
. Restructuring: Conducted operational reviews of business units resulting
in elimination of certain units, changes in business processes, and
revised pricing practices.
EDUCATION-CERTIFICATIONS
MBA Finance, DePaul University, IL 1986; BS
Accounting, St. Joseph Calumet College, IN
Certified Public Accountant, IL
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