Real Estate Human Resources

D. Glen Smith, CPA

**** **** **** ** **** D Highlands Ranch, CO 80130

(M) 720-***-**** (H) 720-***-**** **********.******@*****.***

Profile

Accomplished accounting professional with considerable expertise in finance, GAAP, operations, and processes, as well as excellent analytical, supervising, and communication skills. Effect solutions to meet the needs of both finance and operations. Experience in real estate, banking, mortgage and telecom industries, business process outsourcing, and software implementation.

License: Certified Public Accountant.

Summary Of Accomplishments

Ø Prepared and presented litigation support to senior management resulting in $8 million cost savings.

Ø Developed processes and requirements for implementing business operations analysis software which helped in reducing annual costs by $3 million.

Ø Initiated the lease audit program to include additional source of revenue for the division, as well as discovered a $250K billing discrepancy for a single lease tenant through one operational audit.

Ø Successfully outsourced property management and property tax management for a portfolio of 1200 sites.

Experience

UNIVERSAL LENDING cORP, Denver, CO June 2019– Present

VP, Controller

· $75 million revenue company with $75 million in MSR assets, providing loan origination and servicing.

· Led Human Resources/Payroll for 250 employees.

Managed sale and transfer of 6K MSR assets valued at $15 million.

· Implemented processes for compliance with lease accounting codification.

· Managed GAAP and HUD compliance audits and state and federal tax return preparation

ComputerShare, Denver, CO February 2018– June 2019

AVP, Accounting

· $400 million company with 500K MSR assets, providing loan servicing and asset management.

· Led due diligence on a $30 million acquisition.

Performed analysis for implementation of revenue recognition and lease accounting required by new standards codification.

· Successfully finalized financial reports and supplemental schedules and filed timely with regulators.

LenderLive Network, Denver, CO January 2011– February 2018

Corporate Controller

· $100 million company providing loan origination, document preparation and servicing.

· Established processes and reporting for new loan servicing division comprised of 70,000 assets $20 billion UPB.

· Established accounting and reporting for startup correspondent lending channel.

· Implemented SOX controls and processes to enable company to successfully navigate financial and HUD audits.

· Successfully managed due diligence and accounting for three mergers and acquisitions.

· Full reporting, general ledger, treasury, taxation and audit management responsibility.

Aimco, Denver, CO February2005–Dcember2010

Accounting Director

· Responsible for reporting on a REIT owning and managing 1400 apartment properties and undeveloped land containing 260,000 units in 47 states.

· Analyzed and reported on real estate assets worth $10 billion with annual capex activity of over $600 million, consolidated liability with 800 loans and over $5.6 billion dollars of debt, interest expense of $350 million annually and capitalized interest of over $17 million, and property operation results of more than $1.5 billion in revenue and $700 million in expenses.

· Reconciled accrued liabilities for more than $420 million and over 800 accounts.

· Managed efforts to increase efficiencies by utilizing Essbase to create lead schedules and high-level analytics for flux analysis and balance sheet roll forwards which saved over one day’s time per staff.

· Prepared reporting and provided support for partnership accounting and SEC reporting.

· Prepared Sarbanes-Oxley narratives and documentation for internal and external auditors.

· Remediated SOX deficiencies by changing the process and documenting these changes, as well as increasing the department’s relevance by resolving reporting problems.

D. Glen Smith

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Experience (Cont’d)

ICG Communications, Denver, CO January 2000– February2005

Accounting Operations Director

· Financial management responsibility with the telecommunications company offering voice, data, and Internet communication services, with reported revenues of $500 million and direct costs of $150 million.

· Coordinated accounting operations, documented and remediated SOX weaknesses, and reported and analyzed activities for senior management and outside auditors.

· Developed opportunities improving EBITDA performance and balance sheet management for direct cost.

· Managed staff of three accounting for $70 million annual SG&A cost and balance sheet of $35 million.

Banc One Corporation, Dallas, TX January1996–February 2000

Division Controller

· Reported National Real Estate Accounting results for $34 million in monthly receipts and $30 million in monthly expenses comprised of 1200 sites and 30 million square feet.

· Established Property Management Company to centralize the reporting and management of facilities operations of the corporation.

· Asset management for sites unable to cover expenses within Property Management Company, and maintenance of sale and leaseback analysis and restructure reserves.

· Served on the management team charged with exploring and implementing outsourcing options for the real estate portfolio, including property management and real estate tax services.

· Accountable for formulating and advancing the finance and accounting objectives in the outsourcing decision.

Grubb & Ellis, Dallas, TX January 1994–January 1996

Controller for the Real Estate Management Division

· Managed three million square feet land, office and retail properties, including monthly receipts of more than $2 million and over $1.8 million in monthly disbursements, and analyzed monthly operating results for the division.

· Coordinated and implemented the annual budgeting process and prepared pro forma analyses to assist owners in making sales and refinance decisions.

· Initiated lease audit program to provide additional services for current or potential clients while creating an additional source of revenue for the division.

Trammell Crow Company, Dallas, TX February1991– January1994

Assistant Controller Dallas Industrial Real Estate Division

· Management and reporting on 34 million square feet of industrial and office space by preparing Operations Summary Report which analyzed monthly overhead results for the division with $5 million in annual revenues.

· Coordinated asset management for projects demonstrating inability to service debt along with managing the annual budget process for more than 400 projects.

· Transitioned new portfolios onto client property management software.

· Managed the general ledger, accounts payable, and accounts receivable departments.

The Travelers, Richardson, TX February1989–February 1991

Senior Accountant

· Regional office of the Real Estate Investment Division with a commercial loan portfolio of $3.25 billion and an owned real estate portfolio of $960 million.

· Reported results of troubled debt satisfied by acquisition of commercial properties and land and reported results for all sales transactions in the region.

· Performed operational audits and review of internal controls of independent contractors managing real estate investments.

Coopers & Lybrand, Dallas, TX August 1987-February1989

Staff Auditor

· Staff experience on audit engagements for trusts, public utilities, and savings and loans.

Education

Southern Methodist University, Dallas, TX ~ Bachelor of Business Administration, Accounting

Computer Skills

Oracle; SAP; LoanVision, Great Plains; PeopleSoft; AS400; EssBase; QuickBooks; Skyline; MRI; Yardi; Timberline; JD Edwards.

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