Financial Officer

Richard Onesto

347-***-**** (Cell)

646-***-**** (Work)

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

PROFESSIONAL EXPERIENCE

Newport Cost Securities, Inc., New York, NY February 2013 to Present

Chief Executive Officer/Chief Financial Officer/ Director

Oversee and manage the daily operations of the broker dealer

Recruit and develop the registered representatives of the firm

Manage the investment banking and syndicate departments

Has led the firm to two profitable quarters in 2015 since taking over the CEO role in January 2015

Responsible for the preparation and review of the firm’s financial statements

Prepare quarterly FOCUS Report (15c3-1)

Member of Board of Directors

Prepare yearly budget and forecasts for the firm

Monitor the cash flow and investment strategy

Oversee the Compliance, IT and Operations functions of the firm

Work with external auditors to produce the yearly audited financial statements

Reconcile all inflows and outflows of investment revenues and fees

CFO of public entity of the broker dealer- prepare financials and make financial decisions

Prepare monthly commission reports

Meyers Associates, New York, NY March 2012 to January 2013

Chief Financial Officer/Financial and Operations Principal

Responsible for the preparation and review of the firm’s financial statements

Prepare quarterly FOCUS Report (15c3-1)

Meet with Partners monthly to discuss operation and financial decisions

Prepare yearly budget and forecasts for the firm

Monitor the cash flow and investment strategy

Work with external auditors to produce the yearly audited financial statements

Reconcile all inflows and outflows of investment revenues and fees

Prepare monthly commission reports

Far Hills Group, LLC, New York, NY June 2006 to February 2012

Chief Financial Officer/Financial and Operations Principal

Responsible for the preparation and review of the firm’s financial statements

Prepare quarterly FOCUS Report (15c3-1)

Meet with Partners monthly to discuss operation and financial decisions

Prepare yearly budget and forecasts for the firm

Monitor the cash flow and investment strategy

Oversee the Compliance, IT and Operations functions of the firm

Work with external auditors to produce the yearly audited financial statements

Reconcile all inflows and outflows of investment revenues and fees

Produce various reports, graphs and analysis as requested by the Partner

Prepare monthly commission reports

Enskilda Securities, New York, NY July 2001 to April 2006

Chief Financial Officer/Financial and Operations Principal

Responsible for the preparation of the monthly and yearly financial statements

Prepared monthly and quarterly FOCUS Report (15c3-1) and daily computation review

Reconciled all trading and accounts and monitor accounts for compliance

Reported to the Board of Directors operation and financial decisions

Managed and supervise 4 accounting, compliance and administrative staff

Adjusted financial statements from international accounting to US GAAP

Communicated and reconcile international and inter company revenues

Oversaw multi company reconciliations and prepare consolidation

Worked with external auditors to produce yearly financial statements

Prime Charter Ltd., New York, NY February 1997 to July 2001

Chief Financial Officer/Financial and Operations Principal

Prepared daily and monthly profit and loss statements

Analyzed financial results and report variances to the CEO

Prepared monthly and quarterly FOCUS Report (15c3-1)

Worked with external auditors to produce yearly financial statement

Reconciled all trading and accounts and produce commission reports

Managed and supervised 2 accounting professional

Oversaw operations department- ACATS, FTD and FTR, Margin Calculations

Sandler O’Neill & Partners, New York, NY September 1991 to May 1996

Vice President / Assistant Controller

Analyzed and reported monthly financial statements to the CFO

Reconciled all firms Mortgage Backed Securities trading accounts

Approved the wiring of funds to various accounts

Implemented and work with Solomon the firms general ledger system

Handled all back office operations and clearing

S.G. Warburg and Company Inc., New York, NY January 1990 to September 1991

Staff Accountant

Prepare daily and monthly profit and loss statements

Assisted in the preparation of yearly budget forecasts

Performed various account analysis and reconciliations

Prepared monthly and closing report

Help prepare monthly and quarterly FOCUS (15c3-1) and (15c3-3)

EDUCATION

Pace University, New York, NY

BBA in Accounting and Taxation, 1991

LICENSES

Series 7 – General Securities Representative

Series 24 – General Securities Principal

Series 27 – Financial Operations Principal

Series 99 – Operations Professional

Proficient in :

Solomon GL System, Movex GL System, QuickBooks, One World Trading System, Excel, Microsoft Word, Goldmine CRM, Crystal Reporting, PowerPoint

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