Management Accounting

Mulludee Schlitt

*** ***** **** *****, ** Cajon, CA 92020 ( E-mail-

*******@*****.*** ( 619-***-****

ACCOUNTING MANAGER/CONTROLLER

Results-oriented Accounting/Finance manager with 20+ years' progressive

experience across diverse industries. Excels in strategic planning with

proven ability to identify and capitalize on opportunities to drive

revenues, streamline operations, optimize working capital, and slash

operating expenses. Skilled communicator and leader with a reputation for

forging strong business partnerships and motivating cross-functional teams

to succeed in achieving company goals.

PROFESSIONAL EXPERIENCE

Principal 2002 -

Present

MS Consulting (BioMedica, Advantagene, Metran America (Biotechnology &

Medical Device R&D),

City Scene Management, Pacific Medical Building (property management); Mad

Catz (Video Gaming Accessories), Peregrine Systems (software), Thornton

Financial Services (debts management), SMS.ac (telecommunication), and

Daphne;s Greek Cafe).

. Conducted detailed audits of internal controls and financial information

and analyzed reports for integrity, reliability and completeness as

required by Section 404 of the Sarbanes-Oxley Act.

. Restated three years financial statements and re-establish a more

effective accounting department.

. Audited and implemented changes to financial policies, internal

controls and review processes.

. Recovered over $1.5 million dollars of reimbursable expenses related to

business acquisitions, and provided all essential documents in the

recovery of $14 million dollars in bankruptcy claim.

. Initiated corporate start-up process, structures, and policies.

. Established account receivable and revenue recognition policies and

procedures. Successfully collected $4 million outstanding receivable and

improved monthly cash receipt by 85%.

. Managed human resources up to and including payroll processing and

labor law and company policy compliances.

. Performed accounting and payroll conversions for three hundred plus

employees.

. Implemented a Purchase Order System for more accurate accruals, and

cost analysis.

. Developed system for appropriate analysis and disposal of fixed asset

to provide more accurate depreciation calculations.

. Prepared FASB 13 schedule and audit leases for 35 commercial

properties for SOX compliance.

. Played a key role in the Company's Loan compliance efforts including

monthly inventory reconciliation and quarterly inventory audits for UK

and US sites, and providing timely reporting to Lender in order to

determine loan availability.

. Effectively conducts periodic audits of account receivable and

revenue recognition in accordance with approved Loan Covenants.

. Reconciles intercompany accounts for several international operations and

prepared entry for Cash Translation Adjustments (FASB 52).

. Completed CAM reconciliation for commercial, retail and mixed used

properties (retail and residential).

. Responsible for the preparation of the cash projection, annual budget and

reforecast.

. Prepared year end schedules, and coordinated with outside auditor for

year-end audits, lender audit, loan compliances, and tax preparations.

. Audited and assisted in setting up Employee Stock Option plans.

. Prepared multi-states Business Property Tax returns, Sales & Uses

Tax, and Payroll Taxes.

. Successfully handled audits by the Internal Revenue Service and the

County of San Diego Assessor's Office on Business Property Taxes.

Mulludee Schlitt (619)

593-8576

Corporate Controller

1998 - 2002

Southwest Value Partners (a real estate development company for both

domestic and international).

. Directed all finance, accounting, information technology, human

resources and administrative functions of 12 million sq. ft. of office,

residential, hotel and industrial properties in the US and Canada.

. Managed complex due diligence, post-acquisition transition and

integration phases of newly acquired properties.

. Instrumental in bringing property management functions in-house adding a

4% increase in annual profit margin.

. Designed, consolidated and supervised annual budget preparation and

analyzed financial performance of business operations to forecast future

financial positions and capital requirements.

. Reviewed bank reconciliations, loan schedules & compliances, and

management fees computation.

. Served as the key representative to all joint venture partners and

lending institutions, and monitored requirements to ensure compliance

with joint venture and loan agreements.

. Streamline and expedited year-end audit and year-end tax returns by fully

automating all aspects of accounting system. Reduced audit time and

costs by 60%.

. Analyzed operational performance and resource utilization in an

effort to provide optimal solutions.

. Advised management on property and liability insurance coverage

needs.

. Supervised three administrative and accounting staffs and coordinated

work responsibilities with Third-party management companies.

Project Controller

1995 - 1998

Compass Management & Leasing, Inc. (a properties management company)

. Established accounting department to service a portfolio of

approximately 2 million sq. ft. of commercial, retail, industrial, and

executive suite properties.

. Partnered with Sr. Management to standardized accounting practices,

eliminate inefficiencies and led the development and implementation of

company-wide standardization of billing & budget models.

. Developed lease abstract reporting system utilized by all property

managers.

. Supervised the preparation of tenant escalation computations and

billings.

. Prepared cash flow projections and budgets for all properties.

. Interfaced with property managers on a daily basis to ensure the

proper transfer of financial information to tenants and ownership.

. Developed monthly financial review session for the purpose of

training all property management and personnel in financial

interpretation, cost analysis, and stronger accounting controls.

. Performed extensive and comprehensive due diligence review for assets

acquisitions & divestitures including purchase /sale prorating,

actualization of operating results, and monitoring the residual

activities post escrow closing.

. Prepared Business Property Tax returns for all sites.

. Supervised two accounting clerks and coordinated work routines for

twelve management staff.

. Authored an accounting manual utilized by all accounting and property

management personnel.

Senior Accountant

1990 - 1995

San Diego 109, Inc. (a real estate development company)

. Prepared monthly consolidation and executive financial package, including

comprehensive reports of GAAP operating results and financial position

and variance explanations.

. Evaluated profit and cost efficiencies in various areas of the company,

primarily by working closely with 3rd party management teams in

forecasting their overheads and profit margin.

.

Mulludee Schlitt (619)

593-8576

. Created and implemented budget & forecast reports, consolidated business

unit budget into divisional & corporate budgets, and provided management

with estimates of future impact of business decisions.

. Directed cash management functions, including monthly capital infusion

for all U.S. operations thru Commercial Paper trading.

. Reviewed intercompany billings to parent company and subsidiaries,

including the follow up of payment and month-end intercompany accounts

reconciliation.

. Managed $150 million multi-phased construction job costing and loan draw,

monthly reconciliation of construction in-progress, and monitored

compliance of loan covenants.

. Orchestrated and managed comprehensive review of Sale & Use Tax filings

and recovered $68,000 in tax refund.

. Headed up the implementation of the company's newly acquired accounting

network system, fixed asset accounting system, asset tracking, and

financial reporting system interface which included the development of a

policy and procedures manual and training for all users.

. Coordinated annual audit with Big 4 Accounting Firm.

CERTIFICATION and EDUCATION

Bachelor of Science in Finance - Southern Illinois University

LL.B. in Law - Thammasat University Thailand

COMPUTER SKILLS

Windows, Microsoft Excel, Word, Great Plain & FRX, Yardi, MRI, PeopleSoft,

Peachtree Accounting, QuickBooks Pro, Crystal Reporting, and ADP Pay Expert

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