Real Estate Financial

SAUL E. STERNSCHEIN

*** ******** **** ( NEW ROCHELLE, NEW YORK 10804

****.***********@*****.*** 917-***-****

Experienced institutional commercial real estate professional with a

demonstrated track record of managing the preparation and analysis of

financial reports, forecasting financial positions, performing acquisition

due diligence and assisting in property dispositions. Proven experience in

maximizing efficiencies through evaluation of financial reporting systems

and the implementation of process improvements. Talented leader directing

financial management teams to support achievement of fund and overall

department goals and objectives.

Core Competencies

CASH MANAGEMENT Financial Analysis Forecasting

Efficiency Improvement Financial Reporting Technology Integration

Career Experience

JPMORGAN ASSET MANAGEMENT, GLOBAL REAL ASSETS APRIL 2000

- SEPTEMBER 2009

New York, New York

Vice President, Fund Controller

April 2003 - September 2009

Responsible for preparing quarterly and annual financial statements for

$1.5 billion US and $350 million India value-added funds, while managing a

team of three.

> Calculated the monthly net asset value for the US value-added fund and

prepared an internal report of detailed financial schedules. Prepared

similar report for separate account investments.

> Performed the closing and analyzed pro-forma financial covenants for a

$100 million line of credit for the US fund and a $50 million

subscription line for the India fund.

> Developed financial reports to automate, streamline and reconcile the

month end close process for 200+ investments.

> Created two marking debt-to-market financial models for each

investment's fixed and floating rate debt.

> Facilitated the transition from an external to an internal fund

administrator for the India value-added fund.

Associate, Financial Manager

February 2002 - March 2003

Key residential strategy team member responsible for a $2 billion, 60

property portfolio.

> Performed financial due diligence on five acquisitions and reviewed

the property closing statements for 12 dispositions.

> Developed a new on-line cash management system to successfully

automate the recording of property contributions and distributions.

Financial Analyst

April 2000 - January 2002

Reconciled investment values and verified the third party residential

property managers (15 total) were continuously following JPMorgan policies

and procedures.

> Responsible for reviewing 60 monthly financial reporting packages

prepared by external property managers.

> Performed the financial due diligence on 23 acquisitions which

validated the underwriting to the historical financials.

> Assessed real estate appraisal adjustments and reconciled market value

to the properties' balance sheets ensuring accurately stated

investment values.

> Reviewed the monthly construction draw packages for 15 development

properties.

The Bear Stearns Companies Inc., Global Clearing Services August

1998 - March 2000

Brooklyn, New York

Senior Accountant

September 1999 - March 2000

Supervised two accountants to ensure accurate monthly billings for prime

brokerage clients.

> Prepared income reporting for Strike Technologies Electronic

Communication Network (ECN) merger with another ECN.

> Reviewed a $10 million monthly departmental revenue analysis.

> Analyzed monthly income reports for Strike Technologies ECN.

Staff Accountant

August 1998 - August 1999

Developed the accounts receivable system and reviewed monthly invoices for

Strike Technologies ECN.

> Provided user requirements to the application development team for the

creation of Strike Technologies accounts receivable billing system.

Education

Master of Science, Real Estate Finance (December 2008)

NEW YORK UNIVERSITY - New York, New York

Bachelor of Science, Accounting (May 1998)

ROCHESTER INSTITUTE OF TECHNOLOGY - Rochester, New York

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