Professional Experience Management

Francis Albanese

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

Staten Island, New York 10309 917-***-****

Executive Summary:

Financial industry professional with years of extensive well rounded experience, providing Middle, back office support and tax operations.

PROFESSIONAL EXPERIENCE

Morgan Stanley, New York, N.Y. 01/2017-06/2017

Client Tax/Cost Basis Analyst (contract /Pride)

Perform reclassification checkout ensuring 1099 matches Wall Street Concepts allocation amounts

Update cost basis and date of death information per branch and management request

Investigate and report potential tax reporting errors to management including incorrect Wall Street Concept reclassification, covered vs. uncovered reporting, incorrect 1099 footnotes, OID, REMEC’s and IRA account adjustments

Review Statement checkout

BNY Mellon Somerset, New Jersey 01/2016-04/2016

Reconciliation Project Analyst (contract Easton)

Responsible for the input/production/reconciliation and reporting of US and Non-US daily global Securities Lending activity and CFD accounts.

Balancing Net Liquidity, trade break corrections, Market value

Produce excel spread sheets to reconcile accounts balancing to broker records.

UBS Weehawken, New Jersey 10/2014-04/2015

Client Tax Project Analyst contract (k force)

Documenting business requirements

Ensuring IT counterparts understand functional requirements

Provide subject matter expertise for Tax reporting

Delivering presentations to project stakeholders

Morgan Stanley, Jersey City, NJ 07/2012-04/2014

Client Tax/Cost Basis Analyst (contract /Pride)

Provide real time support via phone and Morgan Stanly inquiry system to Financial Advisors and Clients inquiries on withholding, reporting and IRS related topics

Provide detailed explanations for reported amounts for clients that generated two 1099s (Citi & Morgan Stanley) as a result of the Morgan Stanley Smith Barney Conversion

Perform reclassification checkout ensuring 1099 matches (SunGuard) Wall Street Concepts allocation amounts

Update cost basis and date of death information per branch and management request

Investigate and report potential tax reporting errors to management including incorrect Wall Street Concept reclassification, covered vs. uncovered reporting, incorrect 1099 footnotes, OID, etc.

Citigroup Inc., New York, NY 11/2010- 07/2012

Gain/Loss Analyst (contract / Zero chaos

Review corporate action activity, related systems and processes.

Performed the transfer statement processing work stream for covered and uncovered securities

Assisted in performing the daily processing of the cost basis tax lots for changes due to transactional adjustments, Maintained working knowledge of industry best practices and ongoing IRS guidance

Updated and processed incorrect tax lot items within Citigroup Sessions system including unrealized vs. realized

Updated accounts per client, financial advisor and manager requests regarding FIFO and LIFO tax lot adjustments

Citigroup Inc., New York, NY 03/2004- 11/2008

AVP TRADING ASSISTANT CDO Secondary Desk

Developed process for correct allocation of all open secondary trades resulting in the recovery of $50M of aged items and ongoing monthly collections of $15M

Maintained trade book for P&L purposes

Responsible for trade input and for 400 trades monthly, Input credit derivatives and index trades

Maintained trading blotter and balanced firm positions valued at $25MM on daily basis

Researched and reconciled cash trade discrepancies with sales teams / Conducted all Trace reporting

Resolved trade breaks with accounting department

SYSTEM EXPERIENCE:

Sun Guard, Microsoft Word, Excel, CDTS, CALYPSO, FCI Mainframe, Bloomberg

Contact this candidate