JOSEPH CARIFFE *** Harmony Road ● Middletown, NJ *7748

Cell 732-***-****

ad06om@r.postjobfree.com

Senior Financial Analyst / Financial Manager

Budget Analyst - Facilities Professional

PROFILE

Detail-oriented professional with extensive experience in Financial Operations, Administration Services, Property/Residential and Facilities Management, and Banking. Offering superior analytical, organizational, and time-management skills. Proficient in variance analysis, budgeting and development of effective programs to maximize performance improvement. Proven track record of success related to cost containment and asset protection strategies. Well-versed in many facets of cash management contract bidding, negotiations and lease analysis.

QUALIFICATIONS

Quantitative Skills and Methods

Variance Analysis & Commentary

Forecasting and Analysis

Interpretation and Abstraction of Leases

Staff Supervision/Management

Financial Analysis and Annual Budgeting

Month End Close

Risk Management & Assessment

PROFESSIONAL EXPERIENCE

Douglas Elliman Residential Management New York, NY 2017-Present

Senior Financial Analyst/Accountant

Douglas Elliman Financial analysts are the “controllers” of the properties that DEPM manages. Monitor the financial position of 25-30 Coop / Condo properties and oversee the general ledgers and cash flows for their portfolio. Responsible for preparing budgets and analytical review of items to produce accurate and meaningful monthly financial reports along with variance analysis.

Review transaction of their property to ascertain that they are correct and posted properly to general ledger.

Manage & Control cash balance to determine that property has enough funds to pay their liabilities and bank accounts would not be overdrawn. If necessary, prepare transfers to cover accounts. Approve payables based on cash flow and determine if they are correctly coded to general ledger account.

Answer and find answers for financial questions from property manager or board members. Review and approve check requests.

Review all check requests for capital improvement projects and review to make sure there is not a duplicate payment and that the engineer report indicates proper year-to-date payments and application number along with transfers from reserves.

Control investments maturity, contact owner (board treasurer or owners financial rep) or property manager to determine how they would like to reinvest the funds, Be available for special projects and requests, such as the preparation of 5-year projections, capital improvement schedules, and analyses of various balance sheet and income & expense accounts.

Determine amounts to sweep to monthly self-escrow accounts for real estate taxes. On a quarterly or semiannual basis, arrange to have cash available in the operating accounts sufficient to cover the real estate tax payments.

Paramount Assets, Elizabeth, NJ 2014-2017

Senior Financial Analyst/Accountant

Oversee a real estate portfolio of over $250 million in income and expenses comprised of 220 properties which include over 700 commercial, retail and residential tenants.

Perform reconciliation of general ledger and balance sheet accounts.

Responsibility for the development and input of the annual income and expense budgets into Yardi Advanced budgeting system, along with capital budgets. Utilized well-developed forecasting skills to plan for future planning initiatives along with capital project management.

Responsible for monthly review and payment of all mortgages. Yardi debt/mortgage.

Control Properties balance sheets/income statements/ general ledger: paying bills for all Properties and charging buildings for management expenses incurred; reconciliation of receipts to building charges; maintaining capital accounts for all partners for all Properties buildings; reconciliation all bank accounts.

Maintain all deferred Lease commission and mortgage amortization along with adjusting journal entries uploads into Yardi.

Research and provide detailed monthly and quarterly analysis to Senior Management highlighting trends and budget variances related to monthly, quarterly, year vs. prior year and annual results.

Effectively manage cash flow, trail balance, balance sheet, income statements and bank reconciliations.

Review accounts payable and accounts receivable balances verses general ledger and correct issues.

Developed proficiency in due diligence, lease interpretation and abstraction. Prepared calculations and analyses of CPI escalations, Porters Wage, CAM fees, real estate taxes, and operating costs.

Responsible for monthly, quarterly and year end close and internal and external audits

CUSHMAN & WAKEFIELD, New York, NY 2007-2014

Financial/Property Manager

Managed expenses of $66 million and income of $24 million for a 1.2 million sq. ft. Class “A” facility.

Spearheaded initiative that decreased tenant arrears from over $1 million to $60 thousand within 90 days of job acceptance.

Managed the development process for annual expenses and capital budgets. Utilized well-developed forecasting skills to plan for future planning initiatives along with capital project management.

Researched and provided detailed monthly analysis to Senior Management highlighting trends and budget variances related to monthly, quarterly, year vs. prior year and annual results.

Effectively managed cash flow, trail balance, funding requests, and bank reconciliations to ensure uninterrupted service delivery from vendors. Created and maintained accounts payable and accounts receivable. Responsible for month and year end close and internal and external audits.

Cultivated productive business relationships and directed all financial activities as a liaison between Cushman & Wakefield and various vendors, tenants and the property owner.

Developed proficiency in lease reading, interpretation and abstraction. Prepared calculations and analyses of CPI escalations, Porters Wage, CAM fees, real estate taxes, and operating costs.

Managed vendor contracts; coordinated requests for proposals and purchase orders.

Coordinated all facets of contract development including management of the bidding process. Initiated contracts related to building operations, employment, construction and vendor services.

Streamlined and automated the reporting, forecasting, planning and analysis process resulting in a timelier and more effective workflow.

Ensured smooth continuity of operations by serving as interim Property Manager during periods of vacancy at that position.

JP MORGAN CHASE BANK, New York, NY 1999 to 2007

Assistant Vice President/Senior Financial Analyst, 1999 to 2007

Oversaw a real estate portfolio of $2.6 billion comprised of 3,000 properties including headquarters, divisional operations centers, and branches encompassing 17 states.

Managed the Real Property portfolio during the mergers of Chase with Chemical Bank, JP Morgan and Bank One. Coordinated the combining of assets into a single system (Oracle) during the largest buyout period in Chase's history.

Directed a staff of 8 professionals in the development of financial plans, consolidation of expense reporting, analytical support, and strategic initiatives for the Global Real Estate portfolio.

Prepared and analyzed reports for the Domestic Portfolio Operating Revenue budget, the Domestic Portfolio Non-Occupancy budget, and the Facilities Division budget which included over $6 billion in assets and $425 million in operating expenses.

Produced monthly YTD, quarterly year to year, and annual variance reporting and analysis on a monthly basis for the $2.6 billion portfolio.

Organized and automated the entire planning, forecasting, reporting and analysis process creating a more effective product, as well as absorbed the significant functions of two positions.

Supervised and reviewed performance of the Real Estate & Security Division against the firm’s established goals and criteria.

Consistently upgraded the level of professionalism through on-going training, cross training, and mentoring of staff.

PROFESSIONAL TRAINING

Computer Skills:

Microsoft Excel, Microsoft Word, Microsoft PowerPoint, Appfolio, QuickBooks, Oracle Financial and Sales Analyzer, Essbase, Hyperion Planning System, Horizon, SAP, and Yardi 7S.

Professional Development Courses:

Leadership, Six Sigma Quality, Diversity, Time Management, Total Quality Management, Managing Difficult Issues.

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