Accounting Management

WILLIAM HELFRICH Page *

W H

ILLIAM ELFRICH

* O P E N T O R E L O C AT I O N *

** ****** ****, *******, ************* 02043

781-***-**** (H) 508-***-**** (C) *******.*********@*****.***

SUMMARY

Finance Executive/Controller whose expertise is in the financial services industry, with a strong emphasis on

securities broker/dealers. Extensive knowledge of equities, fixed income, futures and OTC derivative

products, including the development and implementation of financial and operational policies and procedures

in a highly regulated self-clearing environment. Experienced in budgeting, forecasting, financial statement

preparation and regulatory reporting.

EXPERIENCE

MERRILL LYNCH, PIERCE, FENNER, AND SMITH, Lincoln, RI 2012 - present

Investment Specialist

• Duties include placing trade orders for customers and assisting customers with account related

questions, including those relating to trade activity, account distributions and corporate actions.

Also, performing customer requested maintenance on brokerage accounts and assisting with web-

related questions on proprietary software applications.

STATE STREET GLOBAL MARKETS, LLC, Boston, MA 1999-2012

Vice President and Treasurer

• Division Controller and Treasurer for the broker-dealer subsidiary of State Street Corporation;

consisting of an SEC registered clearing broker-dealer and a CFTC designated Futures Commission

Merchant (FCM).

• Managed a group of Finance professionals; responsibilities included the daily, weekly, and monthly

reconciliation of revenues from self-cleared trading activity for equities, fixed income and futures.

• Supervised the daily preparation of the segregated customer funds calculation for the FCM in

compliance with CFTC regulations, as well as the weekly calculation of the Customer Reserve

formula in compliance with SEC rule 15c3-3.

• Prepared and filed the monthly and quarterly FOCUS reports for FINRA and the Chicago Mercantile

Exchange (CME).

• Monitored the broker-dealer's net capital in compliance with SEC rule 15c3-1.

• Prepared consolidated monthly financial statements for senior management review and for quarterly

meetings of the SSGM, LLC's Board of Directors.

• Primary contact for all financial aspects of regulatory examinations by the firm’s regulators, as well

as managed the year-end financial audit by an outside accounting firm.

• Coordinated the preparation and production of the semi-annual mailing of financials to clients as

well as to various national and state regulatory agencies, in compliance with SEC Rule 17a-5.

• Supervised the daily treasury function for SSGM, LLC, including investment of excess cash

balances, reconciliation of daily cash activity, financing of proprietary securities positions, funding of

customer and street fails, and funding of bank accounts related to customer futures activity in the

FCM.

• Collaborated with business areas of State Street Corporation considering any registered related

activities; helped to assess net capital impact as well as designed accounting procedures to ensure

compliance with all financial regulatory requirements.

• Controller for the Structured Products division of State Street Bank. Managed two financial

professionals, responsible for all daily and monthly accounting functions for the division, including

monthly close, account reconciliations, budgeting, forecasting, and corporate reporting. Managed

WILLIAM HELFRICH Page 2

FAS 133 exposure and the weekly mark to market for off-balance sheet tax exempt trusts.

Responsible for Sarbanes Oxley compliance for the division; as a financial controls owner as well as

the sign-off on quarterly financial results.

FIDELITY INVESTMENTS, Boston, MA 1994-1999

Director/Business Unit Controller, Fidelity Capital Markets, Institutional Brokerage Group (1998-1999)

• Responsible for all general ledger accounting, including monthly P&L, balance sheet reconciliations,

and variance analysis.

• Communicated on a regular basis with senior management regarding all accounting issues,

including equity and fixed income revenue recognition and reporting, direct and indirect expense analysis,

and reporting requirements for new initiatives.

• Managed the production of daily, weekly, and monthly reports detailing revenues and expenses to

Capital Markets and Brokerage Group senior management.

• Acted as the finance/accounting resource for all Brokerage Group operations, including

responsibility for monitoring and controlling over $60 million in annual clearing and custody expenses.

• Managed a department of two accounting professionals, responsible for performance evaluations,

career development, and cross training of departmental functions.

Senior Financial Analyst, Fidelity Capital Markets (1996-1998)

• Managed the monthly general ledger book close; acted as the liaison between Capital

Markets and the accounting group to ensure the accuracy of the month-end P&L.

• Developed and produced reports to Corporate, Brokerage Group, and Capital Markets

senior management detailing the monthly P&L, as well as providing detailed analysis of all major

variances to the prior month and forecast.

• Participated in the quarterly forecast process, with responsibility for fixed income, trade

support, and execution related expenses. Assisted in the production of detailed forecast

presentations to Capital Markets and Brokerage Group senior management.

• Collaborated in the development of a monthly business-line profitability model using

Hyperion OLAP software.

• Acted as the finance contact for the fixed income trading and operations areas, working

closely with management in developing monthly revenue/expense reports.

• Produced sensitivity analysis that enhanced senior level decision making on existing

business lines and new initiatives.

• Provided finance support in the creation of proprietary unit investment trust products.

Senior General Ledger Accountant, Institutional Brokerage Group Accounting (1994-1996)

• Responsible for all general ledger accounting for Fidelity Capital Markets and National Financial

Services Corp., the trade execution and clearance providers for all Fidelity Brokerage securities

transactions.

• Presented monthly results to both business unit and Brokerage Group senior management as well as

assisted the respective finance groups with all accounting related inquiries.

• Prepared balance sheet reconciliations for review by senior management and external auditors.

• Supported new initiatives that included foreign exchange currency trading, NASDAQ market

making, and the development of proprietary unit investment trust products.

EDUCATION LICENSES

AND

WILLIAM HELFRICH Page 3

Master of Business Administration, Management Accounting, DEPAUL UNIVERSITY, Chicago, IL

Bachelor of Arts, Economics, UNIVERSITY OF ILLINOIS, Champaign-Urbana, IL

Passed CPA examination, November 1993

General Securities Representative (Series 7), Uniform State Securities Agent (Series 63), Financial and

Operations Principal (Series 27)

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