Michael Kostrewa

Experience

• 

  Professional Market Brokerage, Inc.

  Jan 2000 - Jan 2002

  SR. ACCOUNTANT

  • Streamlined the month end process by reducing the closing by 10 days, and expedited the broker commissions• Calculated and presented the daily segregation statement to the National Futures Associations• Monitored account debits and ensured accurate reporting for segregation and capital purposes• Adjusted omnibus accounts to ensure accurate monies were wired on a timely basis• Responsible for the currency conversion for all accounts and transfers• Accountable for the producing and analyzing the month end, quarterly and annual reports• Reduced foreign exchange exposure through a systematic tracking and analysis process Show less

• 

  Lawrence-Bonfitto Trading Co.

  Jan 2002 - Jan 2003

  CONTROLLER

  • Contributed to finding more than $100k in excess exchange fees paid by customers and company• Computed and processed the daily segregation statement• Calculated daily debit deficits and margin thresholds• Processed all month end accounting and expenses process• Implemented new exchange fee billing system• Coordinated annual audits by DSRO and outside auditors• Computed and filed monthly 1-FR to the CBOT, Clearing Corporation, NFA and CFTC

• 

  Self-Employed

  Jan 2004 - Jan 2013

  INDEPENDENT COMMODITY BROKER

  • Developed new customers and grew existing customer base• Communicated with clients on market changes/sell signals/options as necessary• Assisted customers in the formulation and implemented appropriate hedging strategies.• Executed futures and options transactions specifically requested by the customer• Maintained up to date records of customer information in contact management software system• Contacted customers on timely basis to obtain margin money when needed• Complied with all industry regulations and company rules Show less

• 

  Eagle Market Makers, Inc.

  May 2014 - now

  FINANCIAL CONTROLLER

  • Prepare and submitted monthly 1-FR to the CME & CFTC• Implement and managed the conversion of the accounting system • Manage operations team to ensure quality customer service for FCM customers• Prepare daily and monthly accounting reports and forecast annual budget• Advise senior management of the financial impacts and risk of business decisions• Monitor and evaluate daily accounting entries and reconciliation of the general ledger balances• Prepare year end audit schedules for external auditors and advise on processes and procedures• Participate in the screening and hiring of employees• Generate the daily margin threshold and manage the risk exposure in the market• Coordinate and work with all regulators from the CME and external CPA Show less