DAVID CHESTER, CPA
1360 York Avenue, Apt. #3J New York, NY 10021 (h) 212-439-9755



EXECUTIVE PROFILE

CONTROLLER/ TREASURER

System Implementation Financial Strategies Project Management

Highly accomplished controller/treasurer with an impressive history of managing multi-million dollar budgets and establishing world-class accounting, finance and tax platforms. Results-oriented executive with many years of CPA-equivalent experience and training. Proven track record of leading and managing teams; planning and exceeding financial objectives and goals; and reducing costs while increasing efficiency. Excels at focusing on accounting, financial reporting and analysis and new business developments. Exceptionally skilled communicator with upper management as well as third-party executives i.e. bankers, attorneys, syndicators, etc.

Career Highlights

Outstanding interpersonal, leadership and financial reporting as well as excellent communication skills.
Developed corporate tax planning policies, improved control of compliance and resolved a significant volume and variety of tax problems. [DLJ, Inc.]
Reorganized, restructured, systematized and transformed a rudimentary accounting department of a $250 million co-op converter. [Time Equities, Inc.]
Concluded consolidation of a real estate division which led to a $9 million tax saving. [DLJ, Inc.]
Initiated and implemented major software improvements to a computerized mainframe financial data system at a cost savings of approximately $5 million. [Time Equities, Inc.]
Implemented strict inventory control procedures decreasing costs by 10% and converted projects to major profit centers. [DLJ, Inc.]
Expanded and computerized an accounting department that tracked $1 billion of office building developments and achieved a potential savings of $10 million. [Solomon Equities, Inc.]
Supervised a staff of 40 in the reporting of financial data for 300 entities. [Time Equities, Inc.]
Restructured two 300 unit financially deficient projects from staffing to developing a detailed cost analysis system. [DLJ, Inc.]
Provided tax strategies and structure for new deal considerations. [Time Equities, Inc.]
Assisted with the consideration and evaluation of real estate purchases, dispositions and syndications. [DLJ, Inc.]
Developed and implemented an integrated departmental reporting system. [Solomon Equities, Inc.]
Strengthened the tax department by acting as both a liaison with, and a Special Projects Consultant to, the real estate division. [DLJ, Inc.]
Implemented customized software which facilitated multi-bases reporting. [Solomon Equities, Inc.]
Generated extensive financial package including consolidated 10-Ks and 10-Qs. [DLJ, Inc.]
Prepared budgets and forecasts for new deal considerations. [Time Equities, Inc.]
Directed the preparation of federal/local tax returns for a 23-company consolidation. [DLJ, Inc.]

Areas of Expertise

Business Communication Controls Implementation Systems Implementation
Organizational Financial Leadership Financial Reporting/Analysis Wealth Management Strategies
Project Management Strategic Planning Building Teams/Recruiting


PROFESSIONAL SUMMARY

YL EQUITIES, LLC New York, NY
Developer/Manager of condominium and commercial property.
Controller Nov. 2008 to present
Responsible for all of the financial and treasuryship functions including the updating and maintaining of all of the books and records of a portfolio of residential and commercial real estate.



DAVID CHESTER, CPA PAGE 2

GEMINI REAL ESTATE ADVISORS. LLC New York, NY
Syndicator/seller of commercial property (i.e. shopping centers) and hospitality interests to investors. Developer of these hospitality interests and manager of the majority of all of these properties.
Treasurer/Controller 2005 to July, 2008
Created, developed and implemented accounting and reporting system.
Developed Company chart of accounts and financial statements including the Balance Sheet, Income Statement and Cash Flow formats.
Procured, implemented and maintained Yardi accounting software.
On a monthly basis, prepared journal entries, financial statements, variance analyses and investor distribution determinations.
Responsible for all treasuryship functions including cash management and reconciliation of over 90 bank accounts.
Liaisoned with banks and other lending institutions.
Implemented deals from closing to ongoing accountability.

DBC ASSOCIATES, INC. New York, NY
Self-employed financial consultant to the real estate industry.
President July, 1990 to 2004
Maintained books and records and the preparation of financial statements for various clients.
Responsible for the preparation of all corporate and individual tax returns.
Prepared monthly reporting packages for 20 residential/commercial buildings.
Maintained accountability for five construction projects and an overhead center.
Provided financial/tax strategies for various U.S. properties.
Analyzed loan portfolios, asset accounts and restratified $1 billion of assets.
Installed Timberline software and developed customized cost control reporting format.

Clients included: Larrin Management, Co., Celestial Capital Group, Inc., Caran Properties, Inc., Inner City Construction, Inc., Claridge Properties, Ltd., Resolution Trust Corporation and Kiska Construction Co.

SOLOMON EQUITIES, INC. New York, NY
Developer of three Class A office buildings in New York City.
Treasurer/Controller 1986 to June, 1990
Supervised a professional staff of ten in administering control and supervision of all financial, treasury and accounting functions.
Formulated all tax planning issues and controlled the preparation of federal and local tax returns by outside tax specialists.
Assisted with formulation and monitoring of budgets and cash flows for operating and construction departments.
Collaborated with CFO in negotiations with lending institutions.
Administered existing loan and equity arrangements and maintained banking relationships through overall cash management.
Maintained extensive contact with bankers and corporate attorneys.
Developed customized software that provided comprehensive strategic planning information and tightened financial control.
SYSTEMS & COMPUTER SKILLS

Systems Installed/Implemented MRI, Yardi, LIBRA, IBS, BJ Murray, Maxwell, Real World, Skyline,
Timberline, Novell NT and PC Networks.

Working Knowledge of MS Office (including Excel, Word, etc.), Lotus, Quickbooks and various other Windows Platform
applications.
EDUCATION & AFFILIATIONS
Completed Coursework for MS Taxation
Pace University New York, NY

BBA Accounting
City University of New York Bernard Baruch College
CPA State of New York
Member of American Institute of CPAs
Member of New York State Society of CPAs