Manager Management

Judy D. Yellin, C.P.A.

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** ********** **** *********, *** Jersey 07726 732-***-**** **********@*****.***

Summary

Senior accounting professional with more than 15 years of broad-based experience in all

aspects of accounting and administration of hedge funds, including investor and client

services. Supportive, collaborative leader who can train, motivate and supervise a team

effectively to produce accurate and timely reporting. Self-starting, goal oriented, results

driven manager with ability to multi-task, plan and prioritize. Net Asset Value expertise.

Experience

The Bank of New York Mellon Somerset, New Jersey 2007-2009

Vice President

As part of a corporate initiative of the Asset Servicing Group of The Bank of New York Mellon,

which provides clients a full range of fund administration services, a team was assembled to

convert legacy accounting, net asset value calculations and shareholder reporting into M Partner

and M Share, software designed to allocate income, calculate fees and report results to investors

in various types of fund structures.

• Utilized extensive fund accounting and administration experience to lead team members,

including accountants and outside consultants, assigning various project tasks and

assisting in training so that the conversion progressed successfully.

• Determined the best approach to setting up client funds in the systems by analyzing fund

structures, complicated fee calculations, income allocations and reporting requirements

and implemented these approaches.

• Worked through systemic problems by trouble shooting and brainstorming ideas with

team members, resulting in positive resolutions.

• Liaised with accounting, investor services and client service departments to ensure all

departmental requirements were met.

• Collaborated with the technology development group on additional programming

necessary to support the applications, resulting in a more robust final product suiting

client and internal needs more completely.

• Developed process flow documentation to ensure that new processes would be followed

accurately by end-state users and transitioned knowledge to accountants and other staff

members using the new software, completing the project requirements.

ClarinBridge Capital, LLC Rumson, New Jersey 2006-2007

Controller/Chief Financial Officer

Clarinbridge Capital, LLC was a start-up hedge fund trading manager with initial capitalization of

$75 million. It managed a multi-strategy portfolio, with a master-feeder structure of onshore and

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offshore funds. Major asset classes included long/short equities, options, futures, bonds,

convertible bonds and swaps.

Fund Management

• Managed trusted relationships with investors, responding to ad hoc inquiries and requests

and preparing several monthly reports for a strategic investor, as specified in various

agreements, resulting in customer satisfaction.

• Coordinated subscription documentation between investors and administrator, ensuring

timely delivery of required paperwork.

• Reconciled portfolio activity between internal risk system and prime broker. Facilitated

resolution of trade breaks quickly and efficiently.

• Oversaw cash activity into and out of funds. Prepared wire transfer requests between

counterparties. Monitored margin requirements, financing costs and swap cash flows,

maintaining best possible cash positions in each account.

• Prepared and provided documentation required for counterparty accounts. Worked with

legal counsel to set up ISDA agreements providing additional platforms for trading.

• Reviewed monthly accounting with administrator, including pricing of portfolio, fee

accruals, allocation of income between funds and then investors as an additional

reporting control. Checked calculation of management and incentive fees and rates of

return for accuracy. Approved monthly investor statements resulting in accurate and

timely reporting to the funds’ clients.

• Coordinated year end audit of funds with auditors and the administrator, assisting with

the preparation of the audited GAAP financial statements, including footnotes and K-1’s,

assuring timely distribution to investors.

Management Company

• Handled all accounting aspects of running the management company including cash flow

projections, paying all bills and submitting payroll as well as office administration and

personnel management. Liaised with vendors providing services used in the business - set

up accounts and managed relationships, saving the company money when possible.

• Set up internal accounting system and maintained company books and records,

successfully reporting monthly results to principals in a timely manner.

• Developed and drafted company policies and procedures. Coordinated requirements with

legal counsel. Assisted with the development of company’s compliance manual in

accordance with industry standards.

• Maintained robust client databases; Prepared and distributed marketing materials to

potential clients providing company exposure to a broad spectrum of investors.

• Worked with accountants and auditors to successfully produce and distribute year end

audited financial statements and tax returns for the company and K-1’s for the principals

ahead of schedule.

DPM Mellon Somerset, New Jersey 2002-2006

Associate Vice President 2004-2006

Assistant Controller 2002-2004

As a full service fund administrator with over 75 clients and $40.3 billion in assets under

management, structures and strategies serviced covered a large range. Structures included

managed accounts, fund of funds, side-by-side onshore/ offshore funds, and simple to extremely

complex master feeder structures including multiple currency share classes and side pocket

allocations. Trading strategies included futures, long/short equities, special situations, distressed,

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fixed income, convertible and merger arbitrage and global macro. Simple to complex

management and incentive fee calculations and other fund accruals computed and allocated.

• Handled the creation, programming, processing and maintenance of the company’s

proprietary Net Asset Value application producing over 5,000 Net Asset Values daily.

Documented process flow providing staff with standardized procedures.

• Managed and trained staff of analysts. Performed annual performance reviews for staff

giving management important information for salary and bonus budgets.

• Collaborated with other departments in sales presentations, new client implementation

and conversion of existing funds to DPMM systems increasing the client base and service

levels provided.

• Managed production of monthly accounting reporting to over 60 clients, scheduling and

delivering results in accordance with the service level agreements. Responded to client

inquiries and ad hoc requests for data resulting in excellent customer relations.

• Liaised with client auditors’ during annual audits and participated in the production of

audited GAAP financial statements, including supporting schedules and footnotes.

ADP/OMR Skillman, New Jersey 1994-2002

Senior Director – Financial Accounting 2001-2002

Client Accounting Manager 1996-2001

Senior Accountant 1994-1996

• Served as primary liaison to clients and auditors for net asset value calculations and

financial statements for over 80 commodity, hedge and fund of funds for 8 clients. The

company had over $3 billion in assets under management.

• Participated in new client implementation, design, set up and maintenance of net asset

value calculations based on fund documents and discussions with clients, including all

expense calculations and accruals, delivering several thousand results daily.

• Managed the production and review of over 70 sets of financial statements, successfully

meeting scheduled delivery dates throughout the month and ensuring proper

programming and the accuracy of the calculations. Developed internal controls and

procedures, standardizing processing and continuity of work flow.

• Supervised 10 direct reports, scheduled work allocations and prepared performance

reviews, assuring that work was properly distributed and completed.

• Prepared monthly client billing invoices, enabling the company to manage accounts

receivables.

The First Boston Corporation New York, New York 1982-1986

Senior Accountant - Financial Reporting and Control

Deloitte & Touche New York, New York 1979-1982

Senior Assistant Accountant - Audit group

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Computer Skills Microsoft Office Suite, Advent Axys, Lotus 1-2-3, Navision,

Solomon, M Partner, M Share

Education BS in Accounting, Brooklyn College, Magna cum Laude, 1979

Certificates/ Certified Public Accountant – New York and New Jersey since 1980

Memberships AICPA, NJ State Society of CPAs

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