Accounting Real Estate

Gary Parkinson CPA

*** *** **** ******

Wyckoff, NJ 07481

Cell 201-***-**** Home 201-***-****

www.linkedin.com/in/garyparkinson

*******@*****.***

EXPERIENCE

Durst Fetner Residential December 2007 - October 2009

Controller

Brought in to develop systems and enhance internal controls for 1,600 unit

residential property manager/developer with $60M in revenues to enable

growth. Improved quality and timeliness of reporting. Enhanced productivity

of staff by streamlining procedures and making more effective use of

technology as well as coordinating processes with the operations side of

the organization.

Marathon Asset Management July 2007- October 2007

Controller

Hired to be Controller for yet to be formed publicly traded mortgage REIT.

This was to be a start up operation, building the accounting and reporting

function for this planned NYSE Company, including creation of accounting

policies and procedures, all SEC filing documents and bringing the entire

operation into compliance with SOX.

Centerline (formerly CharterMac, a subsidiary of The Related Companies)

September 2000 - July 2007

Controller

Reported to CAO. Responsible for all SEC filings for two publicly traded

companies. Managed staff of twenty professionals. Responsible for day-to-

day accounting and all associated functions for the two companies as well

as co-ordination with upper level management, treasury, capital markets

group and independent auditors. Set accounting policy in conjunction with

CFO, CAO and outside auditors. Conversant with Fin 45, Fin 46R, FAS 123R,

FAS 133, FAS, 140, FAS 141, FAS 142, and FAS 150 as well as accounting for

interest rate swaps and other derivative instruments, CDO and CMBS.

( Performed extensive research and analysis to facilitate the resolution of

complex accounting and financial reporting issues, including business

mergers and acquisitions, variable interest entities, derivative

instruments and treatment of various stock compensation methods.

( Engineered the growth of the accounting team from a 5-person department

to 20 professionals, modifying the structure and duties of the team as

needed to handle the rapid growth in size and complexity of the Company's

business model.

( Responsible for consolidation of 96 entities

( Spearheaded implementation of Sarbanes-Oxley required internal controls

documentation.

( Directed our conversion to PeopleSoft as well as subsequent conversion

of acquired companies.

( Streamlined procedures of accounting department thereby reducing closing

cycle.

( Actively participated in 7 issuances of common and preferred stock,

which raised almost $400 million in capital.

( Coordinated quarterly valuations of assets marked to market under FAS

115.

( Oversaw formation of taxable subsidiary and subsequent purchase of

mortgage origination companies.

( Coordinated audits with independent auditors.

( Oversaw preparation of and reviewed workpapers provided to auditors.

( Responsible, in conjunction with Investor Relations, for preparation of

quarterly earnings press releases.

( Assisted with preparation of Annual Meeting materials.

( Responsibilities including accounting and finance function for American

Municipal Mortgage Company (AMAC), a mortgage REIT traded on

the American Stock Exchange.

American Real Estate Partners, L.P. July 1991 - September 2000

Assistant Controller

Responsible for all SEC filings including 10K's and 10Q's, preparation and

review of reports for upper management

and Board of Directors, preparation and review of all schedules and other

material needed to complete tax returns, preparation of consolidated

financial statements, accounts receivable, accounts payable, cash

management, and all MIS functions, including software and hardware

selection and purchase, training and maintenance

( Converted manual accounting system to automated system and trained staff

in its use.

( Created management report showing for first time operating returns by

property.

( Researched and developed policy regarding treatment of impaired assets.

( Upgraded PC's and increased office use making all staff more efficient.

( When necessary worked with property managers for valuations, cash flow,

financial statements and other matters.

( Managed investment of cash and maintained relationship with banks.

( Coordinated audits with independent auditors and prepared workpapers for

the audit.

Integrated Resources August 1988 -July 1991

Controller/Financial Analyst reporting to Executive Vice President

Oversaw operations of approximately 20 public real estate partnerships,

including filing 10K's, 10Q's, IPO's and proxies, preparation and review

of tax filings, investor services, computer modeling, cash flow and GAAP

income projections.

( Prepared due diligence documents, which resulted in sale of $100M in

assets.

( Created and revised cash flow models for public partnerships, which

raised $800M.

( Updated and revised tax information letter sent to approximately 300,000

investors.

( Dealt with complex unrelated business income tax issues.

( Spearheaded filing of proofs of claim with bankruptcy court.

( Responded to investor inquiries and prepared quarterly reports sent to

investors.

( Coordinated with investment professionals and third party advisors.

( Tracked fund and investment data, including unused capital commitments,

invested capital and returns.

( Coordinated liquidating distributions ensuring proper partner

allocations and compliance with waterfalls in fund documents.

Ernst and Young September 1984 -August 1988

Senior Auditor

Performed evaluations and prepared recommendations regarding internal

controls. Advised financial and operating

management on technical, financial, and accounting matters. Prepared and

performed reviews of financial statements, quarterly/annual reports, SEC

filings and FASB pronouncements.

( Supervised litigation support effort, which resulted in an additional

engagement.

( Performed due diligence reviews for clients, which led to $200M in

purchases.

( Supervised audits by end of first year.

EDUCATION

Pace University, Lubin Graduate School of Business, completed 24 credits of

accounting

Cornell University, Johnson Graduate School of Business, Masters in Public

Administration, graduated first in class

Northeastern University, graduated with major Political Science, minor

Economics

CONTINUING PROFESSIONAL EDUCATION

Subscribe to FASB alerts, AICPA's CPA Letter and PwC's CFO Direct Network

Ernst & Young 2009 Year-end Corporate Reporting update

Current Developments and Accounting and Financial Reporting (included among

other topics FAS 157, FAS 159, FAS 160, FAS 141(R), FAS 161, FAS 162, FAS

163 and EITFs 07-5 through 08-10)

Enrolled in Association of Chartered Certified Accountants (ACCA) IFRS

Certification program

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