Michael Chiddo Email & Phone Number

Morris Plains, NJ

• Responsible for all of the Company’s daily/monthly journal entries and reconciliations, including the preparation of monthly and annual financial statements in accordance with GAAP
• Orchestrating periodic financial reviews by external parties such as the Company’s external auditors, creditors, state regulators and investors
• Development of models to improve the accuracy of financial forecasts and to present the effects of variances in performance
• Dramatically improved the Company's cost statements by restructuring its payroll coding structure and expense categories
• Responsible for reviewing creditor term sheets and master repurchase agreements; was integral to negotiating favorable terms with several lenders
• Supervises the calculation of commissions earned by the Company’s sales personnel

Morris Plains, NJ

• Took the lead for technical accounting changes such as developing a methodology for recording the Company’s FAS 133 derivatives and designing a framework for recording the activities performed by a subservicer when the.
• Promoted operational efficiency by building relationships with members of other departments and by instating workflows that would improve communications and accountability for daily activities
• Responsible for piloting the IT department in matters related to the implementation of new financial systems such as new banking or accounting software
• Managed internal controls by performing the role of systems administrator for the Company’s bank accounts
• Learned more about how the Company operates by playing a large role in regulatory and financial audits

Morris Plains, NJ

• Managed team that was responsible for sending the wires for all of the company’s loan closings
• This team was also responsible for processing all of the funding wires that were received from the investors purchasing the Company's mortgages
• Prepared daily and monthly reconciliations in order to ensure that all of the Company's closing wires and loan sales were recorded on the general ledger on a timely basis
• Recorded all of the transactions associated with the warehouse lines of credit that were used to fund the Company's loan inventory