Neil Weinraub Resume

Neil Weinraub

** **** ******, ******* ** ***** 215-***-****

*********@*****.***

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FINANCIAL PROFESSIONAL with experience Accounting and Operations in large and small firms in the financial services industry. Proposed, implemented and managed multi dimensional Finance and Accounting departments responsible for books and records, budgeting, forecasting, client billing, accounts receivable, payroll, accounts payable, MIS, cost analysis, securities operations control and regulatory reporting. Both a Worker and Manager I am accomplished in providing guidance, strategic direction, improving organizational effectiveness and completing any task required. Extensive experiences in accounting, regulatory, project management and other areas of financial management. I have hands on approach to work and management with diverse skills and ability to perform multiple functions.

EXPERIENCE:

Deutsche Bank 2004-Present

Consultant – Full time – Business and Legal Entity Controller. Streamlined monthly and annual closing and financial reporting procedures. Worked independently and in groups to eliminate aged issues and install controls to avoid future occurrences pertaining to books and records. A Primary Finance person on SAP Conversion Project.

Business and Product Control Specialist

• Implemented multiple general ledger system conversions including SAP and other DB systems as lead finance person and to initiate control procedures as both manager and user.

• Perform Balance Sheet and Profit and Loss analysis, reconciliations and substantiations.

• Review exception management balances, provide commentary and ultimately resolve.

• Reconcile ledgers for various products and inventory systems. Products supported are Fixed Income Securities, Money Market instruments, Foreign Exchange, Commercial Paper, Loans and Deposits.

• Interact closely with Operations and other departments to understand potential impacts to the financial statements arising from control issues.

• Manage small to medium scale project initiatives involving individuals from diverse groups.

• Coordinate new Sarbanes-Oxley (SOX) compliance controls for department.

Consultant – Part time – Integrated Management Solutions. Perform monthly Fin-Op functions for small registered broker dealers, Focus Filings and 15c3-1 calculations.

Instinet Corp/Instinet Clearing Services 1994 – 2004

Instinet was a publicly traded company, with over $1 billion in assets and was responsible for the largest trading volume in the brokerage community. Approximate size ranged from 200 to 2000 employees.

Vice President Regulatory Reporting, Finance/Controller

Finance/Accounting

• Created and managed company’s Finance/Accounting department and associated financial activities.

• Maintained and prepared the general ledger, including month end closing routines, client billing, accounts payable, payroll and accrual processes. Accounted for the brokerage activities for multiple entities.

• Prepared semi annual financial statements sent to thousands of customers.

• Created internal reports to track P&L by customer, revenue by product, a daily management information report detailing cash, positions, revenues, customer balances, trade activity, net capital position etc.

• Performed budgeting and forecasting for company including preparation and submission of budgets, projections and other related schedules for billion-dollar firm.

• Managed service functions including billing, cost analysis and conducted in-depth study of varying costs and identified savings resulting in millions of dollars.

• Hired, trained and managed staff to perform all departmental functions, creating levels of personnel and cross training everyone to increase morale and maintain low overhead.

• Helped to develop and implement new policies and procedures throughout organization, including Payroll, HR, Benefits, Tax, Accounts Payable, Accounts Receivable and others.

Project Management

• Conversion manager in taking Instinet self-clearing and then into correspondent clearing business. Installed numerous brokerage systems and sub ledgers, including ADP and ICI. Coded systems and created charts of accounts. Set up functionality used to track customer and correspondent activity. This includes revenue and expense tracking, firm balancing, tax reporting, interest calculating etc.

• Project Manager for correspondent billing system installation. Initiated, developed and ran project to install standalone-billing system to charge correspondents. Coordinated system to also track shares, tickets, executions, sec fees and miscellaneous pass thru related charges for reviewing third party invoices.

• Performed multiple customer service functions, helping retail customers, correspondent customers and internal brokers/traders solve problems, create reports, prepare commission analysis and ticket costs.

• Performed strategic analysis and troubleshooting, consistently working on corporate driven initiatives, providing analysis and input to help solve problems and handle assorted issues. This included identifying numerous costs saving opportunities resulting in millions of dollars.

• Consolidated multiple entities and reported overall financials and comments on variances and performance to ultimate Public parent company and subsequent new Public parent company.

Audit/Treasury/Management

• Managed internal and external financial audits, including annual CPA audit and NASD audit. Received consecutive no findings on NASD Finance/Regulatory audits.

• Established supervisory controls and procedures used by Finance and Clearing Departments.

• Performed operational control reviews and audits; addressing accuracies, efficiencies and procedures. This also included audits of numerous accounting systems for all general ledgers and sub ledgers.

• Established numerous types of bank accounts, managed banking relationships and helped negotiate better banking rates resulting in cost savings over 25%.

• Established regional cashiering accounts and initiated other solutions, which increased cost savings.

• Dealt directly with regulators, correspondents, customers, auditors, transaction desks and other departments, upper management and my own department.

Regulatory

• Prepared 15c3-3 Weekly Computation and report card, all Instinet group Focus Reports, haircut schedules, net capital calculations (15c3-1), sec fee analysis, NASD fees and other regulatory reports.

• Developed policies and procedures for accounting and regulatory functions. Worked with upper and lower management to ensure compliance and develop other business lines.

Dunhill Securities Inc. New York NY

Chief Financial Officer

• Managed all financial data and regulatory reporting positions. Prepared payroll, payroll taxes and corporate income tax returns and managed accounts receivable, accounts payable and Compliance functions joining firm shortly after inception and stabilizing entire back office. Instrumental in taking firm from fully disclosed basis to self-clearing and preparing required documentation.

• Interfaced with external auditors and NYSE auditors to reduce audit response. Prepared trader commission reports and profitability analysis.

F.S. Todman and Company

Staff Accountant - Medium Size CPA Firm New York

• Worked at Public Accounting Firm having high concentration of brokerage clients.

• Participated and supervised clearing and non-clearing broker dealer audits.

EDUCATION:

Pace University, New York, NY

BBA, Public Accounting, 1984 LICENSES: Series 27 Financial Principal

COMPUTER SKILLS: SAP, Microsoft Excel, Word, ADP, ICI, Oracle Financials, Computron, Other DB Systems

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