Real Estate Accounting
Resume:
Richard "Roop" R. Clingan, Jr.
Frederick, MD 21704
Cell: 240-***-**** Email: ***********@*******.***
EXPERIENCE:
Washington Property Company - CFO/Controller (August 2005 to April
2014)
o Oversaw transition from Atlantic Realty Company to WPC for entire
accounting function which has been completed.
o Oversee all corporate and property accounting to include existing
properties and development projects.
o Manage accounting and lease administration staff of 4 personnel with
minimal turnover.
o Manage current lender/debt transactions and relationships to include
refinance and construction loan debt placement ($500M est.).
o Prepare annual tax returns for entire portfolio to include properties,
operating entities and owner's investment partnerships.
o Set up and maintain accounting procedures/systems to insure proper
reporting for both tax and GAAP financials.
o Set up and maintain computer environment to include servers and data
protection.
o Recently converted management software from Jenark to MRI. Migrated
third party data into one database for centralized system.
o Prepare annual budgets for operating entities.
o Manage capital call/distributions for all entities to include private
partners and institutional investors.
o Oversee require reporting requirements for debt and investors.
o Prepared owners' personal financial statements and tax returns.
o Handle all treasury management for the company and owner.
o Administer benefits packages and HR responsibilities.
o Negotiated new banking and treasury management relationship to include
property financing and line of credit.
o Manage record keeping and prepare 990 for family foundation and
prepare all financial and tax related documentation for external CPA
firm related to 2 Dynasty Trusts that roll up into an LP and LLC.
Douglas Development Corp - Controller/Assistant Controller (November
2003 to July 2005)
o Oversaw all accounting functions from day to day activities to monthly
and yearly reporting requirements for development and operational
divisions.
o Prepared and assembled year-end tax return packages for tax
preparation by outside accountants.
o Prepared annual budgets and monthly management reports for outside
partners.
o Oversaw and accounted for company's high profile projects including
one providing historical tax credits.
o Advised lease administration in year CAM reconciliation.
o Accounted for development loan draws and lender financial reporting.
o Participated in company's hiring/interviewing practices and overall
evaluation.
o Educated staff on accounting procedures and its effects on software
and reporting.
o Reconciled subsidiary ledgers to the general ledger including job
cost, accounts payable and accounts receivable modules due to issues
with initial implementation of Timberline.
Aronson & Company - Timberline Consultant (January 2003 to November
2003)
o Participated in a complete training program of all Timberline
Applications.
o Assisted Construction Contractors/Real Estate Companies with
implementation and maintenance of system including setup adjustments
and reconciliation of prior to current transactions.
o Advised management with accounting procedure advancements and staff
responsibilities.
o Produced custom reports and financial statements designs as requested
by management.
Oekos Corporation - Controller/CFO (April 2002 to December 2002)-Part-
Time/Fulltime
o Managed all real estate accounting functions.
o Prepared and analyzed consolidated financial statements for
owners based on Pricewaterhouse Coopers restructuring agreement.
o Prepared budgets and future cash flow projections.
o Researched issues and advise owners on corporate income tax
issues.
o Consulted with owners/executives regarding various financial
matters.
o Implemented and maintained advanced property management software
(MRI).
o Oversaw accuracy and preparation of corporate tax returns.
Richard "Roop" R. Clingan, Jr.
Page 2
Grossberg Company LLP - Senior (December 1998 to April 2002)
o Provided accounting, tax and advisory services to clients
concentrating in commercial real estate and construction.
o Provided fixed asset management services for commercial property
assessments.
o Advised executive management/owners regarding fraudulent
accounting activities.
o Prepared U.S. consolidated financial statements with
international subsidiaries including full disclosures.
o Supervised staff through a variety of client projects and
oversaw various engagements to ensure profitability.
o Trained staff and served as main professional supporting for the
firm's depreciation software.
o Recruited and screened potential new employees.
Reznick, Fedder & Silverman - Staff Accountant (1996 to 1998)
o Performed a variety of real estate audits.
o Prepared detailed financial statements with full disclosures.
o Performed numerous agreed upon procedures in the hotel industry
and governmental agencies.
o Prepared multi-tiered partnership tax returns as well as
corporate income tax returns.
o Assisted in cost certification.
INFORMATION TECHNOLOGY/SOFTWARE:
Timberline Office, Jenark, MRI, Argus, Cougar Software, Advanced skills in
Microsoft Office, ODBC, ProSystems FX, Fast Tax, CCH Tax Research, BNA Tax
Planner, Superforms, GoSystem, Best Software FAS, TValue, Quicken,
QuickBooks and various other accounting software packages
EDUCATION:
Salisbury State University, B.S., Accounting, May 1995
Franklin P. Perdue School of Business (A.A.C.S.B. accredited)
References available upon request
Contact this candidate