Real Estate Accounting

PAUL PARK, CPA

* ******* *****, ********** ********, PA 18977 212-***-**** **********@*****.***

CFO / CORPORATE CONTROLLER / VP OF FINANCE

Cost Control / Forecasting / Budgets / Audits / Reporting / Mergers / Acquisitions / SOX / Negotiations

Treasury / GAAP / Reporting / Fund Management / Debt Restructuring / Systems / Planning / Operations

Strong record of achievements in strategic planning, operational efficiencies, audits and accounting system

implementations. Significant experience in financial services, real estate, banking and city government finance. I

am cost-oriented and adept at creating internal controls that save time and money. I have managed staffs up to 18

and budgets to $145M. My skill set reflects:

Controlling costs with accurate budgeting and forecasting

Streamlining and improving financial reporting

Increasing ROI while ensuring adherence to regulatory compliance

Managing large scale systems conversions and migrations

I earned my BS degree in Accounting from the Wharton School at the University of Pennsylvania in 1986. My

CPA license is from the State of Pennsylvania. Fellow workers would say I am energetic, articulate, resourceful and

operate with the highest integrity. I have a reputation as a problem-solver and have successfully worked with a wide

range of software, such as Yardi, Timberline, McCracken, QuickBooks, Excel, etc.

SELECTED ACCOMPLISHMENTS

Improved cost tracking to gain 20% in revenues. Northbrook Partners lacked reliable report to bill construction

management fees. Developed procedure to link and reconcile Yardi module to the GL. Cross-trained staff on

system use. Improved automation resulted in capturing all internal costs and a sharp increase in billable fees.

Negotiated lower cost fund to beat competition. Community Preservation Corp (CPC) needed a lower cost fund

to be competitive in lending market. Renegotiated $500M revolving credit agreement. Created system to generate

real time liquidity and packaged loans for secondary CMBS markets. Achieved drop in basis points from 180 to 65.

Upgraded reporting accuracy through automation. CPC had PC-based accounting system was that error prone.

Converted GL from NewViews to Timberline without external help. Created accurate reports for investors that were

highly reliable and error free, gaining an improved reputation with the investment community.

Reduced audit hours and losses on REOs. Crossland Savings was facing new GAAP rules for REOs that

affected reserve requirements. Analyzed regulatory procedures and discovered substituting interest rate for cost of

funds improved accuracy and reduced write-off to 25% from 50%, reducing audit hours and losses.

Filed timely reporting for 99 subsidiaries in all 50 states. Crossland Savings had to file multitude of tax returns

during substantial growth period. Took on task of researching tax programs and determined module used by Arthur

Andersen was most accurate and reliable. Managed workload and processes to make every tax deadline on time.

CAREER HISTORY

CFO, Northbrook Partners, LLC, 2008 to 2010. Real Estate Investment/Management Company, specializing in

value-add residential properties with managed assets of $1.5B. Also provided construction management services,

as well as acquisition and disposition assistance. Clients included major pension funds and institutional clients.

Director of Treasury Operation, The Community Preservation Corp, 2007 to 2008. Financial services company

with $1.3B in total assets, $1B in loans and $110M in real estate development properties.

Controller, The Community Preservation Corp, 1995 to 2007. Directed financial operations for accounting,

reporting, auditing and compliance. Developed and monitored controls to ensure compliance with SOX and GAAP.

Assistant Vice President, Crossland Savings Bank, FSB, 1990 to 1995. Oversaw divisional accounting function,

providing accounting services for $900M portfolio of REO and acquisition development/construction agreements.

Assistant Tax Manager, Crossland Savings Bank, 1988 to 1989.

Associate Tax Auditor, New York City, Department of Finance, 1986 to 1987.

Personal: Married with children. Plays golf and tennis. Donates time to the American Red Cross homeless shelter.

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