Real Estate Sales

Michael Anthony Kricfalusi

HOME: 760-***-****, CELL: 858-***-**** E-

MAIL: **********@***.***

Profile - Experienced auditor and consultant from Big4, controller for

national real estate developers. Knowledgeable on acquisitions,

development, construction, operations and sales in the real estate

industry. Responsible for daily operations, financial statement

preparation, creating and evaluating analytical tools, defining policies

and procedures, mentoring staff.

. BS Degree in Accounting - Humboldt State University, Arcata

California, June, 1986

. Certified Public Accountant - California, January, 1992

. Computer Proficiency - Excel, Sharepoint, Timberline, Yardi, Visual

Basic, Documentum.

EMPLOYMENT BACKGROUND / TRANSFERABLE ACCOMPLISHMENTS

Controller for multifamily & mixed-use builder 09/02 - 12/09

Fairfield Residential, LLC, 5510 Morehouse Drive, San Diego California

92121 - 858-***-****

Position Description: Responsible for the construction accounting of 100

simultaneous redevelopment and tax credit projects with approximately $10

million in monthly construction costs.

. Accounting - oversee 28 staff nationally in reporting construction

results, loan draws, vendor compliance, accounts payable, recording

acquisitions and sales and managing sale closeout events. Work with

investors and lenders to define reporting objectives and methods and

structure management agreements. Report divisional results to senior

management.

. Leasing - Negotiate and manage regional office leases - 350,000 sf in

20 national offices. Negotiate and manage major office equipment

purchases and leases. Audit CAM billings.

Accomplishments:

. Increased fee collections by $3 million annually through structuring

more favorable management agreements and draw requirements with

lenders and investors

. Increased on-time reporting from 25% to 99%

. While workload increased from $20m annually to $100m over 6 years,

kept staffing at 40% total increase through innovations in procedures

and technology

. Increased employee retention from 32% to 87%

. Implemented document imaging saving $200,000 annually with 18 month

ROI. Resulting payments to vendors within 30 days increased from 60%

to 90%.

. Structured construction accrual procedures reducing related audit

preparation time by 90%.

. Created workflow and ERP solutions with MOSS (Sharepoint)

Project Controller for home builder and developer 07/01 - 05/02

Taylor Woodrow Homes, Inc. - 15 Cushing, Irvine, California, 92618 (949)

341-1200

Position Description: Daily operations and financial reporting for the

construction of a 2,500 acre development in Rancho Santa Fe. Manage staff

of 2.

Accomplishments:

. Developed system for creating budget and reporting variances on a

$250 million project to develop over 1,000 home sites, a Rees Jones

golf course, church, public parks, two school sites, roads, water

systems and other community facilities.

. Evaluated financial impact of marketing and budgeting strategies on

cash flow and resulting IRR.

. Obtained reimbursements for community facilities and for

infrastructure costs shared with the city of San Diego and with other

developers.

. Assisted in reviewing sale documents and oversaw closings of all

sales.

. Prepared monthly accrual basis financial statements including

identifying and analyzing budget and cash flow issues. Coordinated

capital needs with investors. Approved all cash disbursements.

Michael Kricfalusi Resume- Continued

Controller for developer of office, industrial, golf & resort 02/00 -

05/01

Makar Properties / Capital Pacific Holdings, 4100 Macarthur Blvd, Newport

Beach, California, 92660 949-***-****

Position Description: Financial and operational reporting and analysis for

a portfolio of commercial, industrial and resort properties. Oversight of

daily accounting and management information systems, coordinating financial

structures and needs with partners and lenders, closing asset and loan

acquisitions and dispositions, managing cash and formulating policies and

procedures.

Accomplishments:

. Oversaw accounting for the formation of a new company capitalized with

$500 million in real estate assets and affiliated management and

holding companies. Determined settlement figures for initial

transaction, established new banking relations, interviewed and

presented employee benefit alternatives, investigated and selected new

communication and MIS systems and negotiated related vendor

agreements.

. Implemented quarterly management reporting of operating assets

including financial, operating, and leasing results. Defined and

documented policies and procedures.

Consultant 02/98 - 02/00

Butte, Montana

Performed budgeting, loan workout and tax engagements for state healthcare

planners and local businesses.

Division Controller for developer of retail and commercial 08/94 - 01/98

Lowe Enterprises - 145 S. State College Blvd, Brea, California, 92821 (949)

724-1515

Position Description: Meet all accounting needs for portfolio of +$200

million in retail and commercial developments and +$23 million in annual

revenues, including financial statements under GAAP and cash basis,

preparing budgets, analyzing variances and overseeing daily operations.

Accomplishments:

. Provided financial/analytical support and setup for acquisitions.

. Reviewed and tracked complex loan, lease, government and partnership

agreements.

. Reviewed and prepared annual budgets.

. Prepared annual CAM billings

. Monitored, reviewed and audited percentage rent receipts

. Prepared monthly accrual and cash basis financial statements including

identifying and analyzing budget, accounts receivable, debt and cash

flow issues.

. Prepared annual GAAP-basis financial statements and tax-basis

packages.

. Maintained security, integrity and backup of local area network.

Auditor & Consultant 05/88 - 08/94

Ernst & Young ( Kenneth Leventhal alumni) - Newport Beach and Los Angeles,

California

Accomplishments:

. Developed custom financial reporting models in Lotus & Excel for

developers and operators of office, retail, single family, multifamily

and hospitality properties. Models provided to track historical

performance, project future cash flow and analyze forecasting

alternatives.

. Provided "Due Diligence" and analysis of portfolios for commercial

banks, the Resolution Trust Corporation and the Federal Deposit

Insurance Corporation. Portfolios consisted of performing, non-

performing and REO assets with combined book values for office,

retail, hospitality and multifamily assets in excess of two billion

dollars.

. Provided investors, attorneys and arbitrators with forensic accounting

of failed or under-performing ventures.

. Performed and supervised all phases of the audit, review and

compilation of financial statements and the review and preparation of

tax returns. Primary clients were investors, developers and managers

of California real estate, with additional engagements for S&L's,

manufacturers and wholesalers.

Contact this candidate