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• Oversight of the Company’s A/P and A/R functions

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 Company outsourced this function for its residential loan portfolio • 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