Experience

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  Pwc

  Dec 1979 - Nov 1982

  Staff accountant

  Performed accounting and auditing procedures for clients in diversified industries including brokerage, insurance, not-for-profit, retail and manufacturing.

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  Harper & row, publishers, inc.

  Nov 1982 - Jan 1985

  Treasury analyst

  * Conducted daily cash management including short-term investing and borrowing.* Generated and reviewed monthly departmental inventory reports using self-developed IBM P.C. reporting system.* Prepared cash flow schedules and exhibits for quarterly Board of Directors report, and monthly projections of working capital.* Performed special projects such as evaluation of controlled disbursement and direct deposit payroll systems.

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  Manufacturers hanover securities corporation

  Feb 1985 - Mar 1989

  * Supervised the preparation of the monthly FOCUS report, including the 15c3-1 Net Capital Computation and the weekly 15c3-3 Reserve Requirement.* Coordinated the income/franchise tax filings in all fifty states, and prepared the annual federal and state tax reporting packages.* Prepared the monthly estimate of earnings, the federal and state income tax accruals, the departmental expense analyses and maintained the fixed asset depreciation schedules.* Supervised the parallel testing of, and conversion to, a mainframe G/L package from a P.C. based system. Responsible for all general accounting and reporting prior to the system transfer. Show less

  • Accounting Officer - Unit Manager

    Jan 1987 - Mar 1989

  • Systems Analyst - Investment Banking Systems Group

    Feb 1985 - Jan 1987
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  Dean witter reynolds (morgan stanley)

  Apr 1989 - Dec 1991

  Senior accountant - regulatory reporting

  * Performed the weekly and monthly 15c3-3 Reserve Computation and prepared the monthly and daily security haircuts, including the reconciliation of inventory to firm trading account balances.* Oversaw the automation of the convertible debt arbitrage haircuts, including the specifications for the program and the downloading of the haircut and conversion factor files.* Analyzed account balances to determine their proper classification on the monthly FOCUS report.* Prepared the monthly customer comparative analyzing charges to capital for non-negotiables, unsecured shorts, undermargined accounts, unsecured debits and partly secured debits.* Developed Lotus 1-2-3 P.C. applications to 1) automate the preparation of the monthly FOCUS comparative, showing all reductions to capital under Rule 15c3-1; and 2) automate the comprehension of 'as-of' 15c3-3 stock record allocation adjustments. Show less

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  Mabon securities corporation

  Dec 1991 - Feb 1994

  Assistant vice president - regulatory reporting

  * Performed the weekly and monthly 15c3-3 Reserve Computation, and acted as liaison with SEC, NYSE and outside auditors regarding the computation.* Supervised and reviewed the preparation of the monthly capital charges for blockage, control and restricted securities, Rule 431 customer exposure and repo/reverse repo deficits.* Prepared the FOCUS for the firm's interdealer broker subsidiary, and various other regulatory reports, including those required for NASD and SIPC.* Oversaw the design, testing and implementation of the 15c3-3 Reserve Computation in conjunction with the conversion to a service bureau processing environment. Show less

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  Deutsche morgan grenfell inc.

  Feb 1994 - Dec 1996

  Assistant vice president - business area controller

  * Performed the weekly and monthly 15c3-3 Reserve Computation, and acted as liaison with NYSE and outside auditors regarding the computation.* Performed monthly close for Custody Services, Securities Lending, Securities Operations, Correspondent Services, Depository Receipts and Customer Tri-Party lending. Included the preparation of journal entries, balance sheet reconciliations, p&l analysis, Securities Operations cost allocations and the FIN-41 accounting and intra-company eliminations relative to the firm's multi-billion dollar repo program.* Prepared daily p&l, annual budgets and quarterly forecasts and slides for Executive Committee report for the above products, including business commentary and analysis.* Assisted in preparation of the monthly FOCUS report (15c3-1 charges) and performed head office reporting relative to the firm's multi-billion dollar securities lending program. Show less

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  Goldstein golub kessler & company, p.c.

  Dec 1996 - Jul 1997

  Senior audit manager

  * Performed accounting and auditing procedures for clients in the financial services industry including brokerage and investment partnership hedge funds.* Prepared detailed monthly financial forecasts for a clearing broker/dealer at the behest of the NYSE. Included liquidity analysis and impact on excess net capital. Presented forecast at meetings with the NYSE and with prospective investors. Assisted with the determination of adjusted book value and structuring of investors' purchase (i.e. due diligence).* Identified management techniques that enabled a clearing broker/dealer to work out of its 15c3-3 Customer Reserve spiral. Among the techniques used were: 1) Elimination of margin debit concentrations; 2) Increase in house equity margin requirements; 3) Reduction in firm net positions; 4) Maximizing stock loan vs. firm and non-customer bank loan; and 5) Reduction of fail-to-delivers.* Performed a comprehensive system conversion data gap analysis for a clearing broker/dealer, by comparing all of its 15c3-1, 15c3-3 and general accounting reports currently used to those available in the proposed conversion environment. Show less

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  Jpmorganchase

  Jul 1997 - Oct 2000

  Vice president - manager of regulatory reporting

  * Supervised the preparation of the monthly FOCUS, FED and Government Sponsored Enterprise - Agency reports, the monthly management financial package, the annual financial statements and semi-annual financial statement mailing to customers.* Liaisoned with NYSE, FED, internal and outside auditors on regulatory examinations and audits.* Oversaw all aspects of the firm's automation of its 15c3-3 Reserve Computation allocation process using an outside package. Project Management responsibilities included all phases of custom design, testing and implementation.* Coordinated with Clearance, Technology Support, Compliance, Middle Office and Front Office concerning regulatory reporting issues and treatments for new products and one-off transactions, such as prepaid forward variable stock option purchase and related custodian agreements.* Represented firm as a member of the Security Industry Association's Capital Committee. Show less

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  Adp

  Oct 2000 - Oct 2004

  Vice president and treasurer - director of regulatory reporting

  * Served as CFO & Treasurer for Fleet Securities, Inc. (“FSI”), who provided clearance services through its US Clearing division & CFO for Quick & Reilly, Inc. (“Q&R”), a retail b/d. Supervised the preparation of all regulatory reports for these entities, including those for the parent holding company, Quick & Reilly/Fleet Securities, Inc. (“Q&R/FSI”) & its third b/d sub, Fleet Specialist, Inc. Reports included the monthly & quarterly FOCUS and FED reports, the annual audited financial statements and semi-annual financial statements to customers.* Managed regulatory capital for all three b/d subs as Treasurer for Q&R/FSI, including payment of dividends & allocation of capital structure between equity, revolving sub debt & cash equity subordinations. Prepared projections of net capital & arranged for sub-debt borrowing when required to ensure maintenance of targeted levels.* Conducted detailed reviews with senior management of credit facilities, financial statements & net capital charges as member of FSI’s Firm Financing Steering Committee & in role as FINOP for both FSI and Q&R, maintained adequate lines of credit to provide for firm liquidity needs.* Oversaw a self-initiated external review of FSI’s firm-wide FOCUS preparation process, conducted by the firm’s outside public accountants; this review led to several process improvements such as automated customer unsecured reports and automated FOCUS formatted balance sheets and income statements, generated via an alternative chart of a/c hierarchy mapping within the firm’s g/l system.* Liaisoned with SEC, NYSE, NASD, internal & outside auditors on regulatory examinations and audits.* Represented FSI as a member of the Security Industry Association’s Capital Committee; served as head of a subcommittee that obtained SEC approval for a change to Rule 15c3-3 allowing non-Primary Dealer b/d's to borrow their Reserve bank a/c qualified securities. Show less

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  Broadridge

  Oct 2004 - now

  * Financial and Operations Principal responsible for filing of all regulatory reports, including FOCUS Report and certification of annual audited financial statements, with direct supervisory responsibility over Regulatory Reporting Department including Rule 17a-5 Internal Control over Compliance.* Designed/engineered the consolidated reporting Business Unit hierarchy in Oracle for the broker-dealer's 2 separate business divisions...accomplishing distinct reporting relationships for tax; financial planning and analysis; and legal entity (SEC FOCUS & stand-alone audited financials) reporting.* Perform financial planning and analysis encompassing capital forecasting and payment of dividends to parent.* Liaison with FINRA, internal and external auditors on regulatory examinations and audits.* Represent firm as a member of the Securities Industry and Financial Markets Association's Regulatory Capital and Margin Committee. Show less * Served as Financial and Operations Principal responsible for filing of all regulatory reports, including FOCUS Report and certification of annual audited financial statements, with direct supervisory responsibility over Regulatory Reporting Department. Responsibilities included filing of state abandoned property reports.* Interpreted rules and regulations for broker-dealer regulatory reporting and implemented policies and procedures to ensure compliance, such as the development of specifications for the gross-up of fail to deliver and fail to receive accounts reflected net in the operating system's general ledger; and an NYSE Rule 431 TBA mark-to-market deficit tracking system for counter-party positions in excess of $20 billion, consisting of over fifteen thousand records.* Conducted detailed review of FOCUS Report and Net Capital Computation with President.* Developed model to explain weekly changes in the net excess credit or debit position of the 15c3-3 customer and PAIB reserve formulas.* Liaisoned with FINRA, internal and external auditors on regulatory examinations and audits.* Served as voting member of the Operations Risk Committee; and as chairman of the ALCO Committee and as a member of the Supervisory Control and Business Risk Committees.* Represented firm as a member of the Securities Industry and Financial Markets Association's Capital Committee. Show less

  • Chief Financial Officer, Vice President and Treasurer - Senior Director of Regulatory Reporting

    Jan 2013 - now

  • Chief Financial Officer, Vice President and Treasurer - Senior Director of Regulatory Reporting

    Oct 2004 - Dec 2012