Management Professional Experience

MARIO GAREL, CPA

** ******** ****, *** *********, CT 06812 / Cell: 203-***-**** / **********@*********.***

Summary

Finance leader with expertise partnering with business heads in developing business plans and managing all financial

functions. Diverse background in Financial Planning and Analysis, Controller and Operational roles within start-ups

and large international businesses. Recognized for a hands-on work ethic, effective participatory approach to

managing and developing staff and partnering on cross departmental process/business improvement initiatives.

Professional Experience

BNY Mellon, New York, NY 2013-Current

Vice President - FP&A - Investment Management Decision Support – Shared Services

Subject Matter Expert (SME) for intrabank expense allocations impacting Investment Management sector, with $1.6T

in AUM’s,from several perspectives including systems, report writing and knowledge of counterparty relationships.

Reengineering lead identifying +$100M in potential savings to sector. Advanced proposal with senior business partner leads; Developed all presentation materials and supporting workpapers and analysis.

Increased transparency of allocated costs by coordinating with counterparties, relationship building, managing periodic deep dive reviews and distributing MIS and advancing policy and control procedures.

Developed a Report Suite accessible by all boutiques and business CFO/Controllers for use in tracking and managing their business allocations.

Effectively partnered on knowledge transfer to business staff thereby ensuring better control and understanding of charges; Allowed individual businesses to be proactive and raised issued more timely.

Cerberus Capital Management, LP, New York, NY 2007-2012

Vice President - Controller

Led development of financial reporting and operational accounting functions related to new business acquisitions costs

and investment funds management for Private Equity firm with $23 Billion AUM’s.

Designed and prepared monthly Fund reporting packages and weekly flash analysis. Presented results and variances from KPI’s and plans to senior Finance and Business directors.

Implemented expense allocation models to bifurcate and allocate expenses to related investment and management entities. Usage saved 8+ hours during month end close and eliminated allocation errors.

Prioritized and coordinated Finance projects with partner departments. Led implementation of vendor expense software resulting in improved cost transparency and more efficient invoicing processing.

Led best practices review resulting in staff training programs and creation of standard chart of accounts across all entities. Prepared key process procedure flowcharts and manuals with a focus on improving reporting and operating efficiencies.

Developed and maintained monthly cash flow projections for due diligence and other Fund expenses. Coordinated cash funding between all Funds and reconciled related intercompany activity accounts.

The Citigroup Private Bank, New York, NY 2003 - 2007

CFO – Tailored Portfolio Management and Global Hedge Strategies (2006-2007)

Directed the FP&A functions for two global businesses impacting various Citigroup business regions and product lines with $15 Billion AUM’s.

Prepared annual budgets, midyear outlooks and monthly decks with detailed analysis of plan variances and KPI’s. Presented results to US and Global business and Finance management.

Improved Division’s results by critiquing consolidated revenue and cost allocation processing and enforcing adherence to internal service level agreements.

Coordinated with domestic and overseas counterparties regarding fee negotiations, allocated revenues and expenses, project analysis and profitability studies to ensure proper product reporting and oversight.

Successfully implemented monthly internal controls and self-testing to satisfy sound business principles and SOX self-testing and evaluations guidelines.

MARIO GAREL page 2

US Controller (2003-2006)

Responsible for all financial and regulatory reporting for the Private Bank’s largest market region with $800 Million annual revenues comprised of all Citigroup products and services.

Reorganized staff functions gaining efficiencies, building staff knowledge and creating better interface with Planning and Analysis counterparts.

Conceptualized, hired and managed Process Improvement team tasked with improving data feeds and mapping out /developing new product flows. Efforts saved over five hours during tight financial close.

Enhanced Balance Sheet reviews by building out analysis, coordinating regular settlements and/or confirmations with counterparties and initiating regular discussions with Global Controller and US CFO.

Assigned as Sarbanes-Oxley (SOX) coordinator for US Finance team and coordinated end-to-end process documentation and presentation. Developed and managed Finance’s Self Test Program and related reporting.

ShoreGroup Incorporated, Newburgh, NY 2001 – 2003

Director – Controller

Responsible for all financial reporting, operations and FASB interpretations of successful start-up firm.

Advanced legal and management reporting by business lines, coordinated cash usage and presented at all Board meetings. Successfully brought Accounting and Financial Reporting functions in-house.

Developed Business Plan financial documents. Participant in team tasked with establishing new credit lines and capital investment and initiated full revamping of cost accounting data flow.

Deutsche Asset Management Incorporated, New York, NY 1992 - 2001

Director - Data Management Group (2000-2001)

Coordinated RFP product responses and teamed with Finance, Marketing and IT to build data warehouse.

Initiated reconciliation of firm Americas client databases for completeness and definition consistency.

Liaisoned with the Controller’s department to develop specific MIS for Institutional Marketing to track revenue run rates, compensation, expense and contribution and client segmentation analysis.

Director – Controller & FP&A (1992-2000)

Hands-on Controller and FP&A lead responsible for successful start-up division/business which grew to over $50 Billion AUM’s.

Developed and maintained all financial and management reporting, annual budgets and semi-annual forecasts with appropriate comparatives, business trends and key financial and business highlights.

Created numerous cost/benefit analyses for potential new business acquisitions resulting in the development of a retail marketing strategy and a High Yield product and team.

Implemented product level P&L’s by enhancing general ledger coding process and formulating allocations.

Built models for non-discretionary executive compensation plans. Compared results against forecasts and industry trends for possible restatement. Coordinated with Global HR as needed.

Controlled transfer pricing, revenue sharing and expense allocations for intercompany relations.

Additional Relevant Experience

Senior Internal Auditor and Compliance Analyst (Citigroup), Senior Benefits Accountant (Union Pacific Corporation)

Education and Certifications

BBA, Accounting, Pace University, New York, NY

New York State Certified Public Accountant

Series 7 and 63 Registered Representative (registration expired)

Technical Expertise

Strong Excel skills

Various general ledger systems (Great Plains, Timberline, Real World, TyMetrix and propriety software)

Payroll Systems (Paychex, ADP and Ceridian)

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