Ted Gustafson Email & Phone Number

Greater Nashville Area, Tn

2150 N. 107Th, Suite 220, Seattle Wa 98133

• Cash Management for Properties• G/L Reconciliations• Work with on-site managers• Prepare/Analyze monthly Financials• Year end financials• Maintain and analyze budgets, Monthly, & Year-end reconciliations and closeout of A/P, A/R, G/L• Capital calls and owner disbursements, Client CAM Reconciliations, client and company audits• Managed Fixed Assets for properties

Greater Seattle Area

Attending Networking Events Researching Industry LeadersTracking Industry TrendsParticipating in Industry Discussions

Seatte Area

• Job Costing• Construction Bank Draws• Accounts Payable• Financial Reporting• Cam Reconciliations• Payroll• G/L Account Reconciliations• Reviewed Monthly financials for 200 properties• Bank reconciliations• Processed payroll and Quarterly Payroll Tax Return• Close out Annual Net Income & Capital Accounts• General Ledger Reconciliation including sub-accounts• Reconciliation inter-company accounts, owner accounts, security deposit accounts• Reconcile multiple companies cash accounts• Received and processed payments for multiple companies, maintain collections

Eight projects under construction with $35M to $70M budgets and six projects in the development stage. Worked alongside the CFO and President to acquire loans for projects upwards of $100M. Tracked and reconciled records for each project. Collaborated with construction companies to perform annual audits and prepare project budgets. Tracked project costs from initial development, purchase, and sale agreement. Secured new loans for construction projects alongside the CFO and legal. Prepared monthly and annual financial reports to ensure accurate reporting. Completed budget preparation, construction reconciliation, and preparation of accounts. • Responsible for tracking and reconciling all construction draws, • Maintain & develop excellent banking relationships• Work with Construction companies to ensure all records are maintained properly• Perform annual audits with construction companies• Prepare project budgets with construction team• Analysis of draws to maintain compliance with all budgets• Track all project costs starting with initialdevelopment, purchase & Sale Agreement• Work with CFO & Legal to acquire new loans for construction projects, get permanent financing to take out construction loans• Multiple Bank Reconciliations & GL Adjustments

Seattle, Wa

• Setup new database, move commercials properties to one centralized database versus multiple individual databases• Maintain bank relationships for several accounts and loans• Setup internal accounting controls to ensure accounting practices, managed cash flow and cash position for all properties/owners• Recommended timing and amounts for capital calls and owner disbursements• GL maintenance / reconciliations, timely reconciliation of all bank accounts• Prepare monthly & annual financial reports for all properties including a financial narrative for the property• Budget preparation, construction reconciliation and preparation of all accounts• Worked with IRS for two separate tax audits• WA State Department of Revenue audit – 07, 08, 09,10 tax years ) two companies• WA State Employment security audit for 2010 for Rainier Pacific• Work with clients tax accountants in yearend financial preparation for tax preparation

Issaquah, Wa

Issaquah Community Association - Contract Position 2010• Collaborated with team of Forensic Accountants to rebuild general ledger, subsidiary accounts, and bank reconciliations for parent orientation along with 150 subsidiary LLC’s, after organization upgraded to new software and the upgrade failed. Most data was lost. Reconciled and balanced financial statements for subsidiary LLC’s..

Seattle/Tacoma Wa

Gross sales was 5 - 7 millionManaged 3 direct reportsReason for Leaving - Company Sold• Prepare and analyze financial statements for multiple clients and 5 divisions within Egis Real Estate• Maintain and analyze budgets, Monthly, & Year-end reconciliations and closeouts of A/P, A/R, G/L• Finished two large property audits which was carried over from previous controller, cleaned up G/L & reconciled accounts pertaining to previous controller.• GL maintenance / reconciliations, process weekly, monthly and annual reports• Transition with New Clients to ensure proper setup of client accounting• Work with clients tax accountants in year-end financial preparation for tax preparation• Capital calls and owner disbursements, prepare client CAM Reconciliations, client and company audits, internal and external• Oversaw IT Department, hire, train and manage accounting department• Payroll – prepare semiweekly payroll for both salaried and hourly employees (50+ employees)• Flex Plan, 401K, Quarterly and annual payroll taxes, Quarterly taxes, and Excise taxes• Construction cost projections, budget development, track construction loans, manage bank draws• Provided project cost and revenue forecasts, analyzed systems, policies and procedures

Lexington, Kentucky Area

• Managed Office Operations, prepared individual and business annual taxes • Moved the company into insurance sales and brought in new accounting clients • Prepared business analysis’s for small business clients • Setup and filed paperwork for LLC’s, and Sub-Chapter S Corporations. • Developed Marketing plan for tax season - Increased clients from 110 in 2005 to 205 in 2006

Spokane, Washington Area

Real Estate Development Company – developed 10 million dollar senior housing facility - Spokane WA, 8 million dollar senior housing facility – Montana, 14 million dollar Lake front condominium project Flat Head Lake, Montana Managed 3 direct reports and 5 indirect reports • Prepared Quarterly Excise Taxes, G/L, A/R, A/P, monthly closeout• Processed payroll and Quarterly Payroll Tax Return bank reconciliations and financial statement, • Worked with banks & other lenders to secure project funding $2.8 million – Senior Housing Project $14m lake front condominium project, $6m phase three of a comprehensive retirement community • Project Cost & Risk Analysis for all projects, responsible for Annual Audit Preparation – IRS required annual audits• Construction proformas, cost projections and budget development • Provided project cost and revenue forecasts, tracked • Liaison between real estate sales force and company • Provided sales price updates and track inventory projected and presented to management increase in inventory sales prices • Managed administration, finance, and operations for a real estate development company, senior housing project and subsidiary companies • Human Resource coordinator, developed job descriptions, compensation and benefit levels, hired, evaluated, and terminated as necessary• Developed new residency agreement at Clare House Senior Housing to eliminate an unwise liability written into resident leases as a marketing incentive prior to my arrival: In place of a 30-day automatic buyback which refunded 80% of residents’ deposits, offered an 85% refund upon re-sale of the property. Resulted in eliminating a $2.8 million in exposure for the company & provided residents with larger refunds construction project budget costs against actual