EFTA02710272

From: Richard Kahn < Sent: Friday, May 29, 2015 3:56 PM To: jeffrey E. Subject: resume from Russell Attachments: JB.docx; Untitled attachment 00152.htm attached is a resume from Russell please =dvise thank you Richard Kahn HBRK Associates Inc. As per your =equest, please find below my compensation details along with a brief =escription of my partnership accounting and family wealth management =xperience. 1) Compensation - My base salary at =merican securities was $230,000 and my annual bonus for the fiscal year =nding June 30, 2014 was $165,000 for a total compensation package of =pproximately $395,000 before perks and other special bonuses. I =eceived a bonus of $116,667 for the period July 2014 through February =, 2015 which on an annualized basis is $200,000 bringing my total =nnualized compensation for the fiscal year ended June 2015 to =430,000. 2) Partnership accounting and family =ealth management experience - I have 20 years of accounting and =inance experience in the private equity and hedge fund industries. =nbsp;l have experience in not only overseeing the partnership =ccounting and partnership tax returns (Form 1065s and Schedule K-1s) =or these investment vehicles but also have experience as a Chief =inancial Officer overseeing the accounting, tax returns, etc., of the =nvestment firms established by high net worth individuals to manage =hese investment vehicles. EFTA_R1_02120865 EFTA02710272 Sincerely, Joseph Bondarenko Joseph Bondarenko, cpa, mba Summary: Experienced finance leader in the =rivate equity industry with an extensive background directing finance, =ccounting, tax, operations, and related functions as well as setting =ccounting policy. Strategic thinker who has designed and implemented control =ystems to enhance efficiencies, mitigate risks of error and improve the =uality of financial and management information. Collaborative =eader and team player with proven track record of accomplishments and =emonstrated ability to effectively develop, mentor, and empower members =1 the team in addition to managing teams in multiple =ocations. Core Knowledge/Skill Areas Include: Private Equity, High Net Worth Individuals, Family Offices, =artnership Accounting, Management Company Accounting; Fund Accounting; =xpense Management; Partnership Tax Compliance and Tax Return =anagement, Operations; Fund Administrator Oversight; Valuation of =rivately-Held Companies; Budgeting & Forecasting; Financial =tatement & Capital Statement Reporting; Waterfall Calculations; =artner Allocations; Banking relationships and Cash Management; Process =eengineering & Streamlining; Internal Controls Implementation; SEC =ilings / Form ADV; Audit Management; Team Building & Leadership; =taff Mentoring & Coaching, Partnership General Ledger Systems. Professional Experience AMERICAN SECURITIES, LLC — New York, NY — =011-February 2015 2 EFTA_R1_02120866 EFTA02710273 Leading middle-market private equity firm. Controller • =/span>Led and managed partnership fund accounting team consisting =f four direct reports. Oversaw preparation of valuation models, =inancial statements, capital statements, capital calls, distributions, =aterfall calculations and other matters for private equity partnerships =ith combined capital commitments of approximately $7.6 billion from =igh net worth individuals, institutions, etc. • =/span>Planned and conducted detailed quarterly and year-end =aluations of privately held and publicly traded investments using =ultiple valuation approaches. =/span>Oversaw proper and timely completion of audits. =/span>Provided CCO with supporting documentation for Form ADV and =orm PF filings. =/span>Oversaw the firm's insurance renewal process. • =/span>Ensured revenue and expenses related to the private equity =artnerships' activities were properly recorded in the firm'= general ledger. Accomplishments • =/span>Re-engineered and simplified existing policies and =rocedures, reducing turnaround time needed to issue quarterly financial =tatements and capital statements from 60 to 30 days and annual audited =inancial statements and capital statements from 90 to 65 days. • =/span>Earned promotion to lead the valuation modeling team and led =ransition of this function from the investment team to the fund =ccounting team. =/span>Formalized accounting policies/procedures related to Form ADV =nd Form PF filings. =/span>Instrumental in sourcing and selecting a general ledger =ystem for the fund accounting group. (continued) HALYARD CAPITAL MANAGEMENT, LLC — New York, NY —=20O6-2011 Lower middle market private equity firm; spun off from BMO =apital Markets with a team of 18 in 20O6. Chief Financial Officer and Vice President of Finance =/span>Advised and reported to the CEO on all financial and tax =atters. =/span>Held full responsibility for management company functions =ncluding budgets and forecasts, revenue recognition, expense =anagement, accounting, finance, facilities, human resources, =perations, banking relationships, insurance, tax compliance and =eporting functions, accounts payable, accounts receivable, and fixed =ssets. 3 EFTA_R1_02120867 EFTA02710274 =/span>led all aspects of fund administration including fair value =aluations, waterfall calculations, financial statements, capital =tatements and tax returns for five private equity partnerships spanning =wo capital fund families; managed fund accounting teams in Toronto and =ew Jersey. Accomplishments • =/span>Led successful transition of accounting, finance, operations, =nd tax functions from BMO Capital Markets to Halyard Capital =anagement; quickly established all formal accounting policies, internal =ontrols and reporting functions including implementation of a general =edger system and establishing multiple employee benefit plans. • =/span>Implemented cost savings initiatives including taking =dvantage of certain tax benefits in connection with the spin off from =MO Capital Markets and successfully renegotiated office lease to a =ower rate. • =/span>Enhanced firm and portfolio-wide risk management and =nsurance programs covering directors and officers, property, casualty =nd fiduciary policies while achieving cost savings through leveraging =ollective buying power of portfolio companies. GOLDMAN, SACHS & CO. - New York, NY - =999-2006 Worldwide leader in global investment banking, securities and =nvestment management. Vice President • =/span>Led a team of 14 people responsible for accounting, capital =tatement reporting, financial statement reporting, partner allocation =nd treasury functions for 75 private equity partnerships with =ommitments of approximately $14 billion. =/span>Managed external fund administration teams in Roseland, NJ =nd Boston, MA. =/span>Oversaw accounting and valuation of a diversified, publicly =raded and privately held portfolio of investments. =/span>Negotiated audit fees approaching $1 million; oversaw =lanning and completion of year-end audits. Accomplishments • =/span>Recruited and expanded accounting team from 4 direct reports =o 14 direct reports (including temps) as well as hired an additional =xternal fund administration team to handle exponential growth in =rivate equity business that grew from 15 private equity partnerships =panning four fund families to 75 private equity partnerships spanning =1 fund families. • =/span>Spearheaded a series of technology and process improvements =hat included: developing analytical standards and tools for team =anagement, staffing resources and financial reporting; re-engineering =ccounting processes and procedures to increase funds per person metrics =or each new successive fund; developing an internal expense allocation =oftware to efficiently allocate expense items to appropriate funds; =mplementing Equitrak software to enhance team's reporting =fficiencies. • =/span>Developed and documented internal controls and assessed their =ffectiveness on a quarterly basis in connection with the requirements =f the Sarbanes-Oxley Act. 4 EFTA_R1_02120868 EFTA02710275 PRIOR POSITIONS: Senior =ccountant, Deloitte & Touche, LLP — Audited publicly traded =nvestment banks and private equity firms. Senior =ccountant, Rothstein, Kass & Co., P.C. — Audited various =edge funds and prepared 1065 tax returns and K-1s. Education =amp; Credentials Master of =usiness Administration in Accounting — ROCHESTER INSTITUTE OF TECHNOLOGY, =ochester, NY Bachelor of Arts in Political Science — =/span>STATE UNIVERSITY =F NEW YORK, Oswego, NY Certifications — Certified Public Accountant, New York State Affiliations — Member, American =nstitute of Certified Public Accountants (AICPA) Activities — =/span>New York Road =unners Club; Participant, New York City Marathon, 2011 Volunteer — =/span>The National =eptember 11 Memorial & Museum; Visitor Services, February 2015 to =resent Russell Katulak Founding Partner Jemstone Associates <=html>= 5 EFTA_R1_02120869 EFTA02710276