System Design Chief Financial

Walter K. Brown CPA *********@*****.***

Cell: 973-***-****

B.S. Economics, The Wharton School, University of

Pennsylvania - May 1976 Majors: Finance and Accounting M.B.A. Finance 1988, The Wharton School, University of Pennsylvania M.S. Taxation, Fairleigh Dickinson - May 2000 - August 2001

PROFESSIONAL CERTIFICATION:

Certified Public Accountant, State of New Jersey ( inactive) AREAS OF EXPERTISE:

• Corporate Internal Audit, Accounting and Management

• Corporate and Individual Taxation, Investment Partnership Equity Accounting, Financial System Design and

Implementation, Operational and Financial Audit

• Software packages: SAP, Oracle, McCormack and Dodge, Excel, Word, Tax Relief Fast Tax, Quick Books, Investran and MicroSoft Dynamics 365

RANGE OF EXPERIENCE: State of New Jersey - Division of Community Affairs (DCA), Chief Financial Officer started in January 2021: Responsible for development and reporting the department!s $1B operating budget. Audit and IT divisions directly report into this position and manages a total staff of (18) people. Position reports directly to the Commissioner of the department and the LT. Governor. State of New Jersey Department of Banking and Insurance February 2023: Responsible for all liquidations and rehabilitations for insurance companies domiciled in the state of NJ.

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Walter K. Brown CPA *********@*****.***

Cell: 973-***-****

Walter Brown, CPA - Consulting 2016 - 2021:

Full range of business and systems consulting for

entrepreneurial companies, including financial statement presentation and system design and implementation. Recently implemented MicroSoft Dynamic 365 general ledger software and served as the chief accountant for a joint venture client sponsored by Shell Oil and EDF Renewables to develop a energy wind farm off the coast of New Jersey. Implantation included journal entry processing and determining journal entry type and linkage to subsidiary ledgers.

IDT Corporation, Chief Audit Executive (CAE) 2007 – 2016

Genie Energy LTD, Chief Audit Executive (CAE) –

Contract for IDT 2011-2015 Responsibilities:

Preparation and presentation of risk assessment to the Audit Committee of the Board of Directors and documentation of the audit scope including financial and IT controls for both IDT Corporation and Genie Energy. Development of compliance and operational audit plans. Execution of operational audits and development of audit reports for management. Monitor audit testing and identified issues. Quarterly presentation of risk assessments, remediation and issue status to the Audit Committee of the Board of Directors. Responsible for fraud investigation and design of internal controls and risk mitigation. Identified and remediated a Material Weakness for Genie.

Manager of staff of (8) CPA and IT professionals

Private real estate development entrepreneur: Acquiring residential and commercial properties for clients and private accounts. Properties renovated and sold for profit. Deal structure and accounting performed as part of the contributed capital of the investment partnership

Financial Consultant: Financial Practices and Procedures, Audit, Tax, Accounting

System Design and Investment Partnership

1988 - 2007

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Accounting Major Clients:

Walter K. Brown CPA *********@*****.***

Cell: 973-***-****

• Prudential Capital Groups

• Panasonic of North America •

New Jersey Transit Corporation, Corporate

Controller 1985 - 1988 Director of Budgets

• Responsible for all corporate accounting policy, capital and operating budget.

• Development and implementation of financial systems Price Waterhouse, Manager, Management Advisory

Services 1984 – 1985

Senior Financial Consultant, 1980 - 1984

• Clients included Financial Services, Commodity

Trading, and Transportation

Citibank, N.A., Assistant Manager of the Audit

Division 1979 – 1980

• Responsible for the treasury function including audits of the commercial paper and repurchase agreement

transactions

Peat, Marwick, Mitchell & Co., Senior Staff

Accountant

COMMUNITY SERVICES AND SOCIAL

ORGANIZATIONS • American Institute of Certified

Public Accountants

• New Jersey State Society of Certified Public

Accountants

• Trinity Lodge #33 Free and Accepted Mason PHA 32

• Representative of Essex County, County Committee- 5th Ward

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