commodities/futures operations accounting

I have twenty years experience in the commodity industry. I am well versed in all areas of operations, accounting, treasury functions, as well as the rules and regulations that govern the futures industry. My employment at medium and large size firms as well as with an exchange allowed me to develop a broad understanding of the workings of the industry.

PROFESSIONAL EXPERIENCE

Dunavant Commodity Corp. 9/98-1/09

New York, NY

Commodity Operations/Accounting

• Interacted with the trading desk and trading floor to verify trades were entered into the proper accounts with price accuracy. Point balanced trades entered in trading system (Rolfe and Nolan, BSI) with clearing and carry broker statements, as well as performing option assignments and exercises. Insured all errors were corrected in a timely manner.

• Issued margin calls to accounts ensuring compliance with Exchange and Commodity Futures Trading Commission (CFTC) regulations. Entered and released wire transfers from Brown Brothers Harriman Bank for both customer and non customer accounts. Reconciled all transactions to bank statements, customer confirmations and general ledger.

• Purchased and sold US Treasuries and money market funds for both the firm and customers to utilize efficient asset/cash management. Pledged these instruments to the clearing corporation as required.

• Processed delivery transactions for exchange, firm and client.

• Prepared daily segregation records per CFTC regulations.

• Prepared monthly 1-FR Financial statements and submitted on Win-Jammer system.

• Provided upper management with various reports related to commissions earned, cash transfers and the firm’s capital requirements.

• Implemented procedures and designed spreadsheets to improve accuracy, efficiency and oversight.

• Processed new customers insuring all proper documentation was obtained and opening new accounts in the trading system.

• Responsible for training and development of new personnel.

Fimat Futures USA, Inc. 9/95-9/98

New York, NY

Commodity Accountant

• Reconciled daily and monthly transactions between operations and accounting records. These included carrying broker accounts, multiple clearing corporations, bank statements and customer equity runs.

• Prepared Daily Segregation and Foreign Secured calculations in US dollar and multiple foreign currencies.

• Instrumental in the transition after the merger of Brody White to Fimat. This included the conversion of back office trade systems from BSI to GMI as well as adapting accounting records.

• Provided support for Treasury Department in a backup function. Issued both foreign and domestic wire transfers from Chase Banking System, purchased and pledged government securities to exchanges and carry brokers.

Coffee Sugar and Cocoa Exchange 2/88-12/94

New York, NY

Senior Auditor

(Department of Audits and Financial Surveillance)

• Planned and conducted financial and compliance audits of member firms in accordance with Exchange and CFTC rules and regulations.

• Analyzed financial reports and submissions from member firms and floor traders for compliance with the financial requirements of the Exchange and CFTC.

• Conducted Warehouse audits.

• Prepared reports summarizing findings while performing regulatory duties. Prepared reports for the Business Conduct Committee when violations were disclosed.

• Answered inquiries from the public regarding general rules and regulations of the Exchange and CFTC as well as industry interpretations and practices.

Education

Pace University 1987

New York, NY

Bachelor of Business Administrations Accounting Information Systems

Computer Skills

Ice Clear U.S. Systems ECS, TIPS, PTMS AND WEB COPS

Rolfe and Nolan trade processing system

PC Span Margin System

Microsoft Office Excel and Word

References Available Upon Request

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