Real Estate Accounting

Vivek Dudgaonkar

***** ****** ******* ** ( Chantilly, VA 20151

571-***-**** ( *******@*****.***

Qualifications Profile

A highly skilled & experienced Finance and Accounting Professional, with

over 22 years' experience in both large & small organizations and the

demonstrated ability to manage complex projects. This entails both for

profit and non profit organizations.

. Banking - A combined of over 14 years with Goldome Bank (08/1985-

06/1992) & KeyCorp/Key Bank 06/1992/05/2000).

. Hospital - 3 years with Providence Hospital (10/2001-/9/2004).

. Property Mgmt - A combined 2 years with The Mills Corp. (03/2006-09/2007

& Peterson Management (12/2004-04/2005).

. Insurance - AmeriChoice/United Health Group (06/2005-03/2006).

. Extremely detail oriented and well organized, with excellent skills

across a broad range of functions in Financial Analysis, Risk Analysis

for Capital Markets and Accounting, assist in filing OMB circulars 122,

123 & 133.

. Dedicated professional with strong analytical skills and experience

implementing and enforcing checks and balances that reduce errors and

improve operational efficiency, consolidations and ensure GAAP & SOX

compliance and reduce the risk of loss.

. Open to travel and/or relocation.

Core Expertise:

- General Ledger - A/R Analysis - Budgeting &

- Accruals, Review A/P - Cash Management Forecasting

- Month End/Year End - Internal, External - Financial Reporting,

Close Audit Liaison SEC Filing

- Variance Analysis

Technical skills:

Software MS Windows, Word, and Excel, PeopleSoft, Peachtree,

Hyperion, ADP Payroll, AS400, MSA, MRI, Financial Edge

- Blackbaud, SQL Query, Assist in Conversions.

Loan Systems CPI, CLS, DLS, ILS, RILS, Kirchman

Professional Experience

COLUMBIA HEIGHTS SHAW FAMILY COLLABORATIVE - WASHINGTON, DC

09/2009 - 03/2010

Interim Finance Director - Consultant (Non-Profit); $54/Hr

. Supervise AP, AR & Payroll, prepare JE and bank reconciliations using

Peachtree System.

. Perform the month / year end close, report directly to the Executive

Director; providing the Board with detailed financial reporting and

variance analysis.

. Prepare Budgets Proposals for various DC & Federal funded Programs.

. Interact with the external auditors and assisted in DC and federal

reporting such as form 990 of the organization that provides means of

assistance to DC residents through providing work skills training and

ongoing support for those who have run in with the law due to

Drug/Alcohol related issues.

SPHERION/KINGSBURY School - WASHINGTON, DC

07/2008 - 09/2008

Interim Finance Director - CONSULTANT; $54/Hr

. Carried out J/E, A/P-A/R, Payroll, G/L and bank reconciliation, used the

Education Edge - Blackbaud system effectively, month/year end close,

reported directly to the COO/CFO and provided them with detailed

financial reporting.

. Served as primary liaison to the auditors and assisted in DC and federal

reporting for this nonprofit organization that provides special education

to DC Metro Area children.

Goodman Solutions/Fannie Mae - HERNDON - VA

10/2007 - 02/2008

Financial Analyst - CONSULTANT; $54/Hr

Perform accounting functions J/E, reconciliation of G/L & Bank accounts,

using People Soft system, monthly close, to ensure accurate and timely

recognition of cash posting by verifying the new Investor Purchase/s of

pool of loans have their account drafting been set up so as to enable

Fannie Mae to collect various kinds of fees such as Buy up/Buy down .

Respond to Investor's queries in regards to why certain amounts were

drafted and if there were any changes to the draft amount or any credits

given to them.

Solomon Edwards Group/The Mills Corp - VIENNA - VA

03/2006 - 09/2007

Controller - CONSULTANT; $54/Hr

Perform accounting functions J/E write offs for aged AR deemed as

uncollectible, reconciliation of G/L & Bank accounts, review Revenue &

Expense accounts using People Soft system, monthly close, to ensure

accurate and timely recognition of revenue & expenses by verifying the

new Lease set ups and ensure correct monthly billings for CAM, TAX, INS &

Rent were correct and make adequate accruals for Aged AR and maintain

write off Logs. Review the Journal Entries created by 15 Accountants

before submitting for posting.

Americhoice - McLean - VA

06/2005 -

03/2006

Senior Accountant; $81K

To ensure timely recording of revenue & expenses and make adequate

accruals for Risk Share and any Dispute Logs for a settlement with the

providers and were SOX compliant.

. Review J/E, and ensure timely and accurate month end, quarter end & year

end close.

. Ensure timely and accurate revenue of Medicaid & Medicare for Upstate NY,

Downstate NY, RI & NJ were recognized.

. Financial Reporting & Variance Analysis and act as liaison to the

auditors.

. Monitor the Revenue & Expense accounts for any out of the ordinary

fluctuations and research such incidents/items.

. Maintain adequate reserves for aged AR, perform SQL database queries.

. Assist the Director of State Reporting with the necessary data breakdown

by the entity and Date of Business

Providence Hospital - Washington, DC

10/2001 - 09/2004

Senior Accountant; $72K

Oversee general accounting functions, including reconciliation of A/P

and A/R accounts, researching and resolving discrepancies and problem

items reporting into the Controller & CFO. Analyze both patient and

insurance portion of A/R. Acquire training of staff supervision.

. Uncovered and reported ongoing theft of funds and took prompt action to

close system loopholes. Develop and implement controls for cash handling

to minimize errors and remove opportunity for misappropriation/theft.

. Maintain adequate reserves for Contractual, Bad Debt & Charity allowances

for aged AR, performing SQL database queries.

. Act as a liaison to the auditors.

. Supervise AP, AR, ensure timely and accurate billing to the Insurance

providers & self pay patients.

. J/E, month end, quarter end & year end close and Deadline oriented, with

attention to detail.

. Reconcile bank & G/L accounts.

Accountemps/EAST OHIO GAS COMPANY - Cleveland, OH

06/2000 - 04/2001

Senior Accountant - CONSULTANT

Perform accounting functions for Dominion East Ohio Gas Company,

including reconciliation of Bank, A/P and A/R accounts using Oracle

system.

KeyCorp - Cleveland, OH and Albany, NY

06/1992 - 05/2000

Promoted over a period of 8 years, through a series of positions for

KeyCorp; the 11th largest financial institution in the U.S., with assets

over $95 billion. Involved in the Loan origination and the subsequently

pool it for Investor.

Senior Accountant / Financial Analyst - Corporate Real Estate (99-00)

Work directly with the Senior Vice President of the Division on the

management of a $178 million budget. Oversee the outsourcing arrangement

with Trammel Crow, a real estate management company contracted to manage

1300 KeyCorp properties.

. Established and maintained various cost center accounting functions,

including monthly, quarterly and year end closings.

. Supervise an accountant, deadline oriented, with attention to detail.

. Prepared annual budgets for various Lines of Business (LOB) and developed

forecasts, perform SQL database queries.

. Reconcile Property Management Fees and various G/L and Bank accounts.

. Financial Reporting & Variance Analysis and assist in SEC filing of 10Q &

10K.

. Review expense reports submitted by Trammell Crow prior to submission for

reimbursement.

Senior Accountant / Financial Analyst / Operations - Real Estate Capital

Markets (96-99)

. Implemented new interface between loan system and general ledger.

. Analyzed financial strengths of LOB and service fees, deadline oriented,

with attention to detail.

. Analyzed economic trends and projected monthly income.

. Prepare financial statements and reconciliations.

. Assist in Budgeting & Forecasting.

. Calculate incentives for various programs, ensure stringent guidelines

were set in place for better quality loans.

. Analyzed risk of various investment portfolios and maintained adequate

reserves for Loan/Investment loss.

Accountant - Real Estate Capital Markets (92-96)

Performed accounting functions for $2 billion commercial investor's loan

portfolio.

. Established a policy and enforced a process that resulted in collecting

66% of late charges due.

. Focused on collection activities, substantially reduced the average A/R

balance from $1.2 million to $200,000, resulting in improved cash flow

and cash available, deadline oriented with attention to detail.

. Assist in Budgeting & Forecasting, month end close, elimination entries &

consolidation & performed Risk Analysis of both loans originated and as

well as loans purchased to ensure appropriate measures to reduce any

losses due to delinquency and or not enough collateral and or

insufficient collection of down payment or lack of equity.

GolDome Bank - Buffalo, NY

08/1985-06/1992

Payroll Accountant / Mortgage Accountant (88-92)

Servicing $30+ billion in residential mortgage loans, reconciling

accounts, principal and interest advances made to investors, taxes,

insurance, and other related matters, maintain aging and prepared monthly

reports of delinquencies and foreclosures and as well as handle the

accounting of managing REO properties and their disposition.

Staff Accountant - Corporate Accounting / Mortgage Processor

Recorded cash receipts and reconciled various consumer loans to General

Ledger. Audit the loan package, for accuracy and completion.

Education & Professional Development

Karnataka University, India

R.L. Science College

B.S., Physics, Math & Chemistry

R.P. Bhavan School of Business Management

D.P.M., Associate Degree in Business Management

American Institute of Banking

Professional development program including:

- Principles of Accounting, Financial Accounting, Principles of Banking

- Mortgage Underwriting, Consumer Credit, Consumer Credit Analysis

- Law & Banking, Residential Mortgage Underwriting, Human Psychology

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