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NORMAN E.

SCHWARTZ
Hauppauge, NY 11788 (516) 532-9824 normx@optonline.net

CFO CONTROLLER
Investment Management Broker Dealer Hedge Funds Startups
Accomplished, hands-on financial executive with 20+ years experience in the investment management and brokerage industries. Provide business acumen and leadership in implementing financial discipline, systems, and controls within highly regulated environments. Proven expertise in all aspects of corporate finance, GAAP accounting, consolidated reporting, treasury operations, and regulatory compliance, including Sarbanes-Oxley, SEC, SIPC, and NYSE. Catalyst of change, innovation, and growth with proven ability to transform complex accounting challenges into focused financial solutions. Function effectively as an integral member of a cohesive C-level team.

Core Leadership Competencies


Tax Planning & Projections Financial & Regulatory Reporting Risk Management & Compliance Treasury Operations/Derivatives Team Leadership & Development Cross-Functional Collaboration Cash Management/P&L Monitoring Strategic Planning/Budgeting Business Unit Startup & Growth Internal Controls Development Policies & Procedures Technology Implementation

I NVESTMENT & B ROKERAGE I NDUSTRY E XPERIENCE


SVP / Controller, Bear Wagner Specialists LLC Chief Financial Officer / Chief Compliance Officer, Hunter Partners LLC Chief Financial Officer, Constellation Convertibles L.P. / Constellation Equities L.P. Chief Financial Officer, Refco Securities, Inc.

C AREER H ISTORY
COASTAL HOLDINGS LLC/COASTAL DEVELOPMENT LLC, New York, NY 2007 to June 2013 A privately held New York-based real estate development firm specializing in the development and financing of resort destinations, hotels, entertainment venues, and casino gaming facilities.
Controller Directed all finance, accounting, and reporting activities, including monthly budgeting and forecasting, financial statement preparation and analysis, cash management, strategic business planning, risk management, and compliance for 10 affiliated entities. Accounting and Finance Prepared monthly financial statements for all entities using QuickBooks Enterprise software. Reviewed monthly consolidated financial statements. Prepared and reviewed monthly and yearly budgets and tax schedules required for yearend tax returns. Streamlined and documented accounting procedures. Business Planning & Cash Management Supported special projects for management, including expense analysis and forecasting of funds to finance new deals. Ensured availability of funds to support business operations and new deal financing through proactive cash management, monthly budgeting and forecasting, and financial statement review. Compliance & Risk Management Prepared reports for state casino licensing and multi-state annual LLC and tax reports. Reviewed insurance to ensure adequate coverage to safeguard company assets. Developed internal controls that mitigated exposure and provided accountability. Organization Management Managed and developed accounting team to handle monthly consolidated financial statements, expense budgeting, accounts payable, and year-end 1099 preparation.

BEAR WAGNER SPECIALISTS LLC, New York, NY 1995 to 2007 A leading specialist firm on the NYSE and largest options specialist on AMEX, which unites the financial resources of The Bear Stearns Companies with the market knowledge and advanced technology/trading expertise of Hunter Partners. Senior Vice President, Controller Bear Wagner (2001-2007) Chief Financial Officer/Chief Compliance Officer Hunter Partners (1995-2007)
Recruited by Managing Partner/COO to establish CFO/Controller role of newly formed proprietary trading joint venture with Bear Sterns, which subsequently merged with Wagner Stott Mercator in 2001. Concurrently retained full leadership responsibilities as CFO/CCO of Hunter Partners LLC. Member of the Executive Management Committee and Compliance Officer of the Specialist Unit.

NORMAN E. SCHWARTZ PAGE TWO


C AREER H ISTORY
Finance & Accounting Managed daily P&L reporting, prepared monthly and year-end financial statements, in accordance with GAAP, and oversaw year-end audited financial statements, working with internal and external auditors. Built the accounting system and developed and implemented accounting, billing, and auditing procedures, including internal control safeguards. Worked extensively with IT department to create General Ledger, Accounts Payable, and daily P&L reporting systems. Reviewed financial information provided by broker-dealer and integrated data with Hunter Partners accounting system. Prepared regulatory reports in compliance with NYSE and SEC guidelines.

Compliance & Risk Management As Compliance Officer for Specialist Unit, reviewed daily trades for compliance with NYSE and SEC regulations, ensured that employees were properly registered, and liaised with industry regulators and auditors. Collaborated with Bear Stearns staff on compliance with SOX regulations. Implemented compliance process, ensuring accurate data analysis and reporting, to support company requirements as it grew from 20 to 350 employees over tenure. Monitored trading positions and security inventory to ensure adherence to trading limits and capital requirements. Served as company liaison with outside attorneys, external auditors, and regulatory agencies.

Office Administration & Human Resources Managed all activities and staff related to accounting, commission billing, accounts payable, payroll and benefits, and contract negotiations. Served as Administrator and Trustee of 401(k) plan. Negotiated and maintained office lease at Trump Building (40 Wall Street), NYSE seat leases, and vendor contracts, including insurance policies. Tax Planning & Reporting Managed all aspects of tax planning, including preparation of quarterly tax projections and yearend tax information for all entities. Treasury/Due Diligence Negotiated bank loan financing, liaised with banks in evaluating cash flows, and provided input regarding upcoming loans and mergers. Analyzed target companies and conducted due diligence to identify profitable ventures. Acquisition Integration Played key leadership role in planning and executing the integration of clearing broker, Kalb Voorhees.

CONSTELLATION CONVERTIBLES L.P., CONSTELLATION EQUITIES L.P., New York, NY 1993 to 1995 Investment management/consulting company specializing in alternative investments including mutual, fund-of-funds, and hedge funds.
Chief Financial Officer Established the financial role in a startup family of hedge funds. Worked in close collaboration with CEO and outside legal counsel in developing the financial infrastructure to support business growth. Financial Management Developed monthly financial statements, in accordance with GAAP, in addition to handling partnership distributions, tax projections, and annual partnership tax returns. Compliance Managed financial, regulatory, and tax reporting, including FOCUS and SIPC reports, and ensured that investors percentages and management fees were accurately calculated. Technology Implemented computerized haircut system that integrated financial data, improved reporting accuracy, and facilitated data retrieval.

REFCO SECURITIES, INC., New York, NY A full-clearing broker dealer that offered a full range of investment services.

1985 to 1992

Chief Financial Officer Initially recruited as Controller to start up the broker dealer division. Subsequently promoted to CFO with full accountability for compliance, risk management, and regulatory reporting across all business areas, including domestic and foreign arbitrage trading desks, stock loan and bank financing, government securities, OTC options, client transactions, and back office operations. Led and developed staff of 4 accounting and regulatory personnel. Organizational Development Played instrumental role in facilitating the companys transition and growth from a proprietary trading company to a full-clearing broker dealer. Compliance Achieved 100% SEC compliance for the broker dealer division. Technology/Process Streamlining Implemented streamlined computerized general ledger accounting system for tracking financial information to facilitate the companys growth. Prior Experience: Regional Controller with Donaldson Lufkin & Jenrette Futures, Inc., and accounting roles with area CPA firms.

E DUCATION & L ICENSES


Bachelor of Science, Accounting State University of New York at Albany Licenses (inactive) Certified Public Accountant, State of New York FINRA Series 7 and 24 Technology QuickBooks, Excel, Word, Access