Ernest Cifaldi

** **** ***** **** ****: 732-***-****

Lincroft, NJ 07738 ac80k0@r.postjobfree.com Cell: 908-***-****

WORK EXPERIENCE & ACCOMPLISHMENTS

Cantor Fitzgerald – Head of Accounting Operations – 2017 to 2019

●Responsible for daily and monthly Accounting Operations:

oAccounts Payable, tax payments, partnership distributions and 1099 reporting

oAccounts Receivable, billing, cash collections

oFixed Asset Accounting, subledger to general ledger reconciliation

oCash Reconciliations and installation of a matching system

oAll monthly accrual and prepaid journal entries

oGeneral Ledger Account Reconciliations

●Streamlined manual processes in Accounts Payable by reviewing the entire process and identifying inefficiencies.

●Streamlined and centralized the Bank Reconciliation process by installing a matching system between the General Ledger and the Bank transactions.

●Enhanced an Account Attestation system to ensure proper general ledger account controls and P&L reserves.

●Developing an automated compensation payout system to install proper Internal Controls.

●Worked in conjunction with other groups in Finance to ensure centralization of accrual entries.

●Worked with the COO’s office to reduce the real estate footprint across North America.

●Work closely with Internal and External auditors.

●Managed staff of 28 in North America.

Consultant – 2015 – 2016 (Deutsche Bank; CIT)

●Deutsche Bank - Developed Balance Sheet Presentations to identify Interest Rate Risk on the Balance Sheet within the Intermediate Holding Company (IHC) and identified gaps in the end-to-end risk assessment process.

●CIT - Prepare Company Financials and Legal Entities for the successful spin-off of the Aerospace Division. Assisted in “purifying” the Balance Sheet for the main Aerospace Legal Entity by ensuring all balances were Aerospace only and all other balances were transferred to appropriate Legal Entities. Helped implement Financial Reporting and Consolidation system (Hyperion). Finance Lead in establishing Transitional Service Agreements.

CITIGROUP, New York, NY - 1997 to 2015

Citigroup - Finance Director – Controllers Division

●Responsible for the management and coordination of the Month-end, Quarter-end, Year-end close; Assisted in a firm wide effort to reduce the month-end close and created various process improvements.

●Managed the Corporate Consolidation function ensuring integrity of the consolidation process from the top-level entity to the integrity of the elimination entries and entities.

●Management of Legal Entity Controller for Balance Sheet, P&L Reporting and Fed Reporting.

●Management of Corporate and Financial Reporting group.

●Direct management of Balance Sheet Control and the enhancement of an Account Attestation system to ensure proper reserves for Balance Sheet Accounts.

●Responsible for the Management Reporting for all trading desks with variance analytics and proper controls to tie back to month-end GAAP Balance Sheet.

●Responsible for the Budgeting and Forecasting for the Corporate Reporting Division.

●Led Finance Division in transformation to Shared Service sites in the Tampa, Buffalo and Manila.

●Process redesign, finance transformation and automation of various monthly processes including streamlining quarter-end and year-end reporting.

●Built teams in 3 different geographic locations for Legal Entity Reporting, Management Reporting and Balance Sheet control function which consisted of transitioning, hiring and training.

●Direct Management of staff located in New York City, Buffalo, NY and Tampa, FL.

CITIGROUP, New York, NY - 1997 to 2015

Finance Director – Balance Sheet & Intercompany Control

●Led the account attestation process while implementing procedures for global Balance Sheet control initiatives.

●Automated a portion of Balance Sheet attestation process which eliminated reporting redundancy and created efficiencies allowing more time to spend on Balance Sheet Control.

●Initiated process for automating intercompany matching system which had the potential to match intercompany balances daily.

●Developed and instituted a KPI / KRI weekly reporting tool for Financial Reporting Organization to clearly show Balance Sheet accounts which had a potential P&L impact.

●Budgeting and forecasting of Shared Service Division Balance Sheet Control team.

●Coordinated the movement of processes and headcount from Tampa to Costa Rica and Manila.

●Direct management of a globally dispersed staff in International Hubs (Manila, Costa Rica, Mumbai, Tampa FL).

Citigroup - Finance Director – Broker Dealer Treasury Reporting

●Management of monthly reporting of Balance Sheet and P&L for Internal and External Debt.

●Led monthly meetings with the Broker Dealer Treasurer and Deputy CFO regarding Monthly Debt, P&L and Unallocated Interest, while developing the correct interest rate and allocation of Interest Expense back to the various businesses.

●Created transparency in monthly P&L reporting and reduced unallocated interest.

●Improved Treasury P&L accuracy by changing the way investments are charged to Treasury.

●Captured annual savings by consolidating two FX trading platforms.

●Streamlined Balance Sheet Reporting process by outsourcing analytics to Centers of Excellence.

Cowen & Company – 1986 – 1997

Divisional Controller - Operations & Information Technology

●Direct responsibility for all Balance Sheet and P&L Reporting.

●Direct responsibility for all budgeting and forecasting.

●Direct responsibility to ensure all payments and allocations are recorded properly.

●Created and installed allocation methodology.

Assistant Controller

●Responsible for Accounting Operations, which included Accounts Payable, Cash Reconciliations and the daily balancing of the General Ledger.

●Responsible for the month-end and year-end close.

●Responsible for partnership distributions.

●Responsible to ensure all P&L reporting back to the businesses.

●Heavy interaction on a daily basis with Operations.

●Responsible for the monthly reporting of the FOCUS Report for the International Broker-Dealer.

●Responsible for the Inventory Haircuts which were then reported on the FOCUS report of the North American Broker-Dealer.

EDUCATION

Bachelor of Science, Accounting – City University of New York (CUNY) - 1986

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