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Real Estate Chief Financial

Location:
Exton, PA
Posted:
January 25, 2024

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Resume:

BRUCE K. KAPLAN

* ******* ***** *****, *********, NJ 08012

215-***-****

ad23ic@r.postjobfree.com

QUALIFICATION SUMMARY:

Accounting professional with decades of experience in both the public and private accounting sectors. Accustomed to the responsibilities associated with the management of accounting departments and their personnel particularly in the areas of Construction and Real Estate Management. Team leader possessing strong personal computer and network computer skills, including Foundation, Center soft, Skyline, Yardi, QuickBooks, Microsoft Word and Excel.

PLEASE NOTE: LOUDERBACK, WSC COMMERCIAL AND U.S. REALTY ARE THE SAME FAMILY OF COMPANIES AND THE SAME EMPLOYER

EXPERIENCE:

The Louderback Group, LLC – Chief Financial Officer – April 2017 to Present

CFO of a mid-sized General Contractor located in Norristown, PA. Acting as a General Contractor currently in six states.

Supervise accounting staff and prepare all Tax Returns

Prepare all Applications for Payment (G702, 703 and Lien Waivers)

Prepare all required SBA documentation required for SBA funded projects.

Prepare all required documentation for 3rd party disbursement agents.

Handle all collections of accounts receivable.

Handle all cash disbursements after project managers approve invoices

File and collect on mechanics liens when necessary.

O’Neill Property Management – Chief Financial Officer – March 2016 to January 2017

CFO for one of the largest Commercial Real Estate Developers in Pennsylvania holding over 50 separate Real Estate and Construction entities in multiple states.

Supervised and managed a 22-person team of accountants and financial analysts

Audited multiple sets of property management and construction financial records

Reviewed and approved all working papers submitted to independent CPA firm

Controlled and managed cash, accounts receivable and accounts payable

Negotiated and reviewed all loans, mortgages and contracts.

Shovel Ready Projects, LLC – Independent Consultant and Ceremonial Chief Financial Officer August 2013 to March 2016.

CFO for a commercial real estate developer holding nine separate single purpose entities that buy, sell and develop land in PA, NJ and FL primarily for medium and large-scale residential developments.

Reconstructed 2 years of financial records for multiple entities and filed the required delinquent tax returns.

Hired and trained the office and sales staff

Set up a computer network for both accounting and office administration.

Negotiated dozens of property sales and purchases. Closed on both the sales and purchases of over 240 building lots to commercial and residential construction companies.

Successfully negotiated and acquired 4 major waterfront properties in Philadelphia from Special Servicers and major Banks at dramatically under market values.

Successfully negotiated the sale of 2 of the major waterfront properties.

WSC Commercial Real Estate, LLC – Chief Financial Officer

August 2006 to August 2013.

CFO of a subsidiary of U.S. Realty Associates formed to acquire the Curtis Building and Public Ledger Building, 2 historical properties in Philadelphia consisting of more than 1.4 million square feet of commercial office space, as well as 24 other entities which constructed, owned and managed shopping centers and office buildings throughout the region.

Managed 640 total leases

Prepared and completed certified audits for Citi Bank’s appointed CPA audit firm on the Curtis Building and Public Ledger Building, in which Citi Bank was the equity partner

Preparing detailed monthly operating reports for the equity partner

Supervised accounting staff of 11 clerks, mid-level accountants and administrative staff

Achieved status of expert witness in Federal Bankruptcy Court in matters concerning the reorganization and subsequent liquidation of the assets of the entity

U.S. Realty Associates, Inc. – Senior Vice President and Director of Accounting

June 1996 to August 2006.

Senior member of internal accounting, construction accounting and lease administration departments of local commercial real estate developer and property management company.

Responsible for the financial records of 37 entities which own and/or manage more than 2,000,000 square feet of commercial real estate

Prepared or supervised the preparation of all internal financial statements, budgets and management reports

Converted the existing “stand alone” computer systems to a fully integrated network for the accounting, secretarial and legal departments

Developed company’s first in-house tax department to prepare all federal, state and city tax returns for all of the various entities including partnerships, corporations, sub-S corporations and individual returns

Howard Winig Realty Associates, Inc. – Controller

October 1988 to June 1996

Responsible for all phases of the financial records and day to day management of the accounting and lease administration departments of commercial real estate firm with 21 separate entities.

Negotiated, interpreted and enforced details of hundreds of commercial leases

Converted the company’s accounting department to a fully computerized system

Instrumental in the development of in-house computer software

Managed outside CPA firm hired to prepare all annual tax returns and financial statements

Kaplan & Company - Public Accountants (Later known as Kaplan, Murrin & Hilo - Public Accountants)

September 1973 to October 1984

Founder and senior partner of full-service public accounting firm predominantly serving the construction and real estate industries.

Focused on providing expert witness court testimony for several local law firms

Prepared tax filings and represented clients in scores of federal, state and local audits

Successfully negotiated Economic Development Authority direct and bond issue loans in New Jersey and Pennsylvania

Performed compilation and reviews routinely as well as occasional audits

EDUCATION AND CERTIFICATIONS:

Registered by the New Jersey Board of Certified Public Accountant February 1, 1978 to practice Public Accounting

Camden County Community College - Business Administration Associates Program

Temple University

Designated as a Registered Tax Professional by the Internal Revenue Service.



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