David J. Marnell
*** ****** *** • Secaucus, NJ 07094
201-***-**** • ac13mb@r.postjobfree.com
FINANCIAL SERVICES PROFESSIONAL
EXECUTIVE SUMMARY: Wall Street Professional with a BBA in Finance, MBA in Accounting and a broad knowledge of the Financial Services Industry. Currently an Adjunct Professor teaching Accounting, Business Management and Microsoft Office Applications in the evenings. Looking to return to the Financial Services Industry full time. Twenty-four years of increasing responsibilities in Financial Services; from Brokerage Firm Accounting, Reconciliation and Compliance; to a consultative role providing Financial Solutions to clients’ needs and goals.
EDUCATION:
BBA in Finance, Baruch College, (CUNY), New York City (1984)
MBA in Accounting, St. John’s University, Staten Island, New York (1995)
Customer Protection Rule - 15c3-3 (Course), New York Institute of Finance (1999)
Uniform Net Capital Rule - 15c3-1 (Course), New York Institute of Finance (1999)
LICENSES ONCE HELD:
NASD Series 7 (General Securities Representative Examination)
NASD Series 63 (Uniform Securities Agent State Law Examination)
Life, Accident and Health Insurance Producer (Michigan, 2005)
SKILLS:
Financial Focus - Financial Planning Software, various applications
Microsoft Office - Access, Excel, Word, Power Point
NWL Solutions - Insurance & Annuity Illustrations Software
Monte Carlo Simulation - Retirement Cash Flow Projections
GoSystem Tax – Income Tax Return Software
BNA Income Tax Planner – Income Tax Return Projections
Various New Account Platforms - Shado Suite, FACTS, FBSI, Autocage, BACT
Various Stock Option Platforms - Awards Choice, PCOE, FA Trade Link, ML Net
ADJUNCT PROFESSOR OF ACCOUNTING, MANAGEMENT, MICROSOFT OFFICE: 2009 TO PRESENT
DeVry University & Keller Graduate School of Management, New York, NY
Bramson ORT College, Forest Hills and Bensonhurst, NY
OPMI Business School, New York, NY
Campus Education (Formerly CPLC Education Center), Jersey City, NJ
David J. Marnell Page 2
PROFESSIONAL EXPERIENCE: REGULATORY REPORTING, CONTROL AND COMPLIANCE
Fidelity Brokerage Company (National Financial Services), New York, NY
Accounting Analyst III (Regulatory Reporting/Control) • 2006 – 2008
Reclassified account balances for Reserve Calculation (SEC Rule 15c3-3).
Short Interest Reporting, Trading Activity Fees, SEC Fees, NYSE Form R1 and AMEX 1S/1RA.
Opened and coded accounts (borrows, loans, fails, suspense, P&S, dividend, multicurrency).
Reconciled Tri-Party Repurchase agreements and PAIB Repurchase agreements.
Datek Online (iClearing LLC), Jersey City, NJ
Regulatory Control Analyst • 1999 – 2001
Established internal auditing procedures.
Reviewed Possession and Control Obligations (SEC Rule 15c3-3) concerning aged securities.
Reviewed 15c3-3 Reserve Formula and 15c3-1 Net Capital Computation to identify/reduce operational charges.
Prudential Securities, Inc., New York, NY
Regulatory Compliance, Firm Financing, and Reconciliation • 1985 – 1999
Reviewed and tested adherence to Possession and Control Requirements (SEC Rule 15c3-3).
Ensured compliance with internal procedures and regulatory requirements.
Reviewed Customer Reserve Formula and monitored deficit increases, acted as liaison with regulatory agencies.
Balanced trading accounts with respect to position, Principle & Interest, and Profit & Loss.
Resolved discrepancies in suspense accounts; balanced clearance accounts.
Merrill Lynch & Company, Inc., New York, NY
Customer Accountant • 1984 – 1985
Serviced retail accounts by monitoring and controlling activity with respect to available funds.
Applied cash and margin bookkeeping to maintain the ledgers.
PROFESSIONAL EXPERIENCE: FINANCIAL ADVISOR
Merrill Lynch & Company, Inc., Hopewell, NJ
Retirement Plan Representative • 2006
Provided complete and accurate information to clients in a high-pressure, multitask environment.
Assisted clients with general account inquiries and questions regarding their benefit plan investments and asset-related products. Researched and provided solutions to clients’ issues.
Processed stock option exercises, stock purchases and sales, and fund withdrawals.
Western & Southern Financial Group, Livonia, MI
Insurance Representative • 2005
Managed client relationships; utilized a multiple source prospecting system to obtain new clients.
Explored clients’ financial needs (Mortgage Protection, Survivor, Educational Funding, Retirement Planning, and Wealth Transfer) and provided solutions (Annuities, Mutual Funds, Insurance).
Secure Investors Group, Inc., Troy, MI
Asset Consultant (New Business Administrator) • 2004 – 2005
Provided clients with estate planning strategies, assisted with preparation and funding of trusts.
Analyzed and monitored annuity contracts to ensure they were compliant and eventually in force.
The Ayco Company, L.P. (A Goldman Sachs Company), Troy, MI
Senior Financial Planner • 2001 – 2003
Prepared and analyzed estate planning documents, income tax projections, tax returns, asset allocation models, total return calculations and long-term (Monte Carlo) cash flow projections.
Prepared and analyzed net worth statements, investment allocation and performance charts, balance sheets and stock option charts. Assisted clients and helped spot planning opportunities.