Associate Controller
Resume:
MICHAEL J. CURCIO
Dix Hills, NY 11746
**************@*****.***
PROFESSIONAL EXPERIENCE
Aristeia Capital
Associate Controller
New York, NY
**** – 2015
Portfolio Accounting
Managed accounting of 5 funds/managed accounts with AUM $4.5 billion; USD and EUR share classes
Reviewed trial balance, income statement, and supporting work papers; maintained shadow books
Calculated P&L estimates for daily distribution; researched and resolved all breaks and discrepancies
Coordinated daily and monthly with administrators to ensure accurate NAV calculations and financials
Automated input of all data; reduced labor time by 75%; streamlined nearly all processes
Recorded macros to check positions, market values, P&L, and to set up pricing template for importing
On-boarded new reconciliation tool; worked with vendor to link cells and files; developed matching criteria
Trained and supervised staff of four; reviewed performance evaluations; conducted weekly staff meetings
Treasury and Operations
Managed cash, collateral, and margin requirements held by prime brokers and ISDA counterparties
Acted as liaison for prime brokers; ISDA, repo, swap, and bank debt counterparties and agent banks
Created and implemented a cash management tool; financing savings totaled 3mm USD in the first year
Responsible for set up of payments, receipts, and wire instructions on prime brokers’ systems
Optimized debit/credit balances between all primes; moved cash and/or securities to reduce financing costs
Directed FX trading of forward contracts and spot trades to minimize borrow costs
Affirmed swap trades and allocations; reviewed trade confirms; confirmed payments and receipts
Closed and settled bank debt trades; generated amortization schedules; maintained interest/fee schedules
Headed quarterly internal brokerage committee (best execution) meeting; prepared all relevant schedules
Management Company
Worked closely with principals to provide support in various aspects of FP&A; offices in multiple states
Prepared monthly management reporting packages, financial statements, and annual rolling budget
Analyzed variances of actual versus budgeted data and prepared ad-hoc reports for principals
Researched and analyzed competitive software products and services; coordinated meetings with vendors
Reviewed and approved payroll, invoices, employee and fund expense reimbursements
Investor Relations
Reviewed and monitored all incoming subscriptions, redemptions, and transfer requests
Calculated and communicated weekly estimates and monthly returns
Responded to investor queries regarding investment account activity
Maintained partners’ capital spreadsheets and allocations
Analyzed and distributed risk summaries and exposure reports
Loeb Partners
Accounting Supervisor
New York, NY
2000 – 2007
Responsible for accounting of 8 hedge funds/managed accounts that totaled over $1 billion
Calculated P&L estimates for daily distribution; provided ad-hoc real time P&L estimates to trading desk
Prepared trial balance, income statement and supporting work papers; performed closes; reviewed K-1’s
Convinced portfolio manager to use a modified minimum gains tax lot allocation to minimize tax burden
Executed system conversion from DOS based software to Windows based system in one day
Recorded macros to check positions, margin calls, P&L, and to import pricing and exchange rates
Streamlined all processes; automated input of all data; reduced labor time by 80%
Managed the audit process; coordinated with administrators to ensure accurate and timely reporting
Computed and processed complex corporate actions; followed tax guidance where applicable
Provided all relevant information for FOCUS and prepared 13D & 13F for filing
Supervised and trained four subordinates and was responsible for their performance evaluations
MICHAEL J. CURCIO
42 Bonaire Drive
Dix Hills, NY 11746
**************@*****.***
PROFESSIONAL EXPERIENCE (CONTINUED)
Sterling Asset Management
Operations Analyst
New York, NY
1999 – 2000
Modeled and analyzed potential trades for CLO with over $1 billion in net assets
Approved and finalized monthly/quarterly reports for investor distributions and waterfall payments
Created models and spreadsheets that were integrated as procedures into a new system
Reviewed loan indentures and credit agreements as well as related amendments and correspondence
Closed and settled trades for bank debts, leases, and related debt obligations
Monitored credit ratings, LIBOR and Prime spreads, financial statements, and market prices of credits
Acted as liaison between administrators, prime brokers, partners, auditors, and external counsel
Recorded macros to eliminate inconsistencies and sped up efficiency of reconciliations and reports
Computed delayed compensation; calculated and submitted break-funding charges
Maintained all revolving credit facilities including: pay-downs, draws, interest, and fees
Morgan Stanley Dean Witter
Senior Accountant/Section Head
New York, NY
1997 – 1999
Responsible for accounting of a $3 billion mutual fund consisting of approximately 250 bank loans
Facilitated timely completion of annual audit, issuance of financial statements, and shareholder reports
Provided forecasts of cash expenditures/receipts due to pending trades and interest/fee payments
Maintained facility, upfront, amendment, and commitment fee schedules
Performed pricing analysis, custody reconciliations, and daily NAV calculations
Acted as a direct liaison between portfolio manager and custodian bank
Verified that all trades, resets, pay-downs and other entries were processed correctly and efficiently
Supervised and trained two senior and two junior accountants
RELATED EXPERIENCE
Internal Revenue Service
Tax Examiner
Holtsville, NY
1996 – 1997
Corresponded with taxpayers to aid in the amendment of previously filed tax returns
Examined various tax forms and multiple schedules for accuracy
Coded and edited tax forms to comply with IRS instructions and publications
Performed all tax return reviews with maximum efficiency within the top percentile of staff
EDUCATION
State University of New York
Bachelor of Science in Accounting
Old Westbury, NY
Class of 1996
OTHER INFORMATION
Securities:
Strategies:
Computer:
Credit Default, Total Return, and Interest Rate Swaps; CFD, Swaptions, Options, Futures, FX, Forwards, Reverse Repos, Bank Debts, Leases, Trade Claims, Bonds, Warrants, and Equities
Convertible, Fixed Income, and Merger Arbitrage; Long/Short Equity, Market Neutral, Credit Relative Value, Distressed, and Event Driven; Mutual Funds, Hedge Funds, and CLO’s
Microsoft Office, AdvisorWare, HedgeWare, Advent Axys, Dataport, Geneva, Electra, ClearPar, Protrak, Citrix, Cognos, Electra, Bloomberg, DTCC, ICE, ADP, QuickBooks, and Concur
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