Annabel Sella Torres has over 30 years of experience working with federal agencies like the FDIC and HUD. She has managed multi-million dollar accounting operations and developed systems to improve operations. Most recently, she has worked as a general project manager overseeing compliance of 25 housing projects totaling 2,700 units under various federal programs like Section 8. She supervises over 100 employees to ensure compliance with regulations and prepare responses to federal audits and inspections.

1. 1
ANNABEL SELLA TORRES
CONSULTANT SPECIALIST
787.367.1586 -787.942.1810
Career Summary
In 1979 worked with the Federal Deposit Insurance Corporation (FDIC) in the liquidation of banks as bookkeeper then
later served as Supervisory Accountant for the F.D.I.C. Managed multi-million dollar accounting operation ($423 Million)
including division's salaries, expense appropriation, advance, reimbursable funds and revolving funds. Conducted strategic
planning for budgeting; instituted reorganization; improved management practices enhancing division's productivity and
effectiveness. In 1981 directed the development of an in-house loan processing system, converted manual records to EDP,
and trained personnel on system's operation. In 1985 instrumental in developing the specifications and requirements for a new
upgraded system. Officiated as liaison between FDIC, Telenet, the National Finance Center and the US Dept. of Agriculture
in coordinating and enforcing a telecommunications payroll system . . . Immediate and sole supervisor for eleven employees at
the San Juan Office, Division of Accounting and Corporate Service . . . Extensive traveling throughout the USA, to assist in
bank closings, auditing, training and conferences. .Awarded the FDIC's Incentive Award for Superior Performance in March
1984, and the Sustained Superior Award in December 1988.
Office Administrator in 1989 with a medium size local Law firm. Developed short and long range operating business
plans, manage start-ups, reorganizations and special projects. In order to enhance the firm's productivity introduced and
implemented a time and billing processing system, converted manual records to EDP, and trained personnel. Developed and
managed a collection program of "Past Due Accounts" that yielded high revenues for the firm. Implemented new policies and
procedures for cash management, accounting, and personnel needs, purchasing and office leased equipment. Responsibilities
included the supervision of the accounting department, secretarial staff and later overall supervision of remaining employees.
Extensive involvement in public relations regarding Pension Plans, Medical Plans, Insurance Policies, and service contracts for
the law firm and the partners.
In 1993, I was employed by the Office for the Liquidation of the accounts of the Puerto Rico Urban Renewal and
Housing Corporation extinct “CRUV”. Appointed Director of Accounting for the liquidation office which consisted of
$1.3 billion in assets and $700 million in debts and legal claims related to the bankrupt corporation. Together with external
CPA firm developed and implemented new policies and procedures for cash management, accounting, and administration.
Director of Administration and Accounting: Responsibilities included, but not limited to all aspects regarding
Administrative and Financial needs, inclusive the supervision of personnel. Director of Administration and Federal Projects:
Joined the Special Trustee with regards to (29) twenty-nine Federal FMHA and HUD Section 8 Multifamily Housing Projects;
developed and executed business plans for the contracting of various professional service management entities. Served as
liaison for the office with various Management entities, P.R. government officials, and the local and Washington Federal
agencies. Maintained close monitoring to ensure completion and full compliance of all Federal Regulations, including revision
of all projects annual operating budgets, and on site inspection reports. Management and distribution of Legislative funds
assigned for the rehabilitation of the (29) federal projects. Assist, identify and provide appropriate documentation to outside
counsel; act as witness for the office in various legal litigations held at the P.R. General Court of Justice. Director of
Administration and Mortgage: Monitored the Mortgage Department that consisted of a mortgage portfolio of
approximately $11.2 million. I participated in the preparation of various bid packages for the Sale of the mortgage portfolio.
Additional responsibility: Appointed Member of the Construction, Sales (29 projects), and the Liquidation Transition
Committee to close out the office.

2. 2
ANNABEL SELLA TORRES
Career Summary
In November 1998 hired to work with Miramar Real Estate Management, Inc. (MREM) Executive Director:
Contracted to process the required federal documentation for the Management Agent Certifications and to administrate four
(4) HUD multifamily section 8 project based sites that included an Elderly site for a total of 633 units, and one (1) high rise
tower of two buildings with 404 units, of mixed section 8 tenant based and Municipality voucher funded programs, plus over
10,000 sq ft of commercial space area for a total of five (5) sites with 1037 units. In addition, designated to manage other
existing sites; (2) USDA/FmHA-Section 8 sites, (8) HUD Section 8 Multifamily Housing Projects, Tenant/Project based and
three (3) Low Income Tax Credit Projects for a grand total of 18 sites and approximately 2062 residential units throughout
the Island. The management responsibilities included the supervision of all project administrators and approximately 95 field
employees. Recommend, establish policies and procedures and execute changes in order to ensure full compliance with
employer and all Federal Rules and Regulations, including preparation and replies for all physical inspections, management
reviews and financial audits held by the federal agencies. Provide assistance at the central office for all administrative needs and
special projects including, but not limited to the preparation of “RFP” Request for Proposals to financial entities for the
acquisition of the federal properties. Establish internal procedures to; obtain federal pre-payment approval for properties,
relocation of the tenants to other federal assistance program sites, vacate residential units and turn project sites over to the
Developer for a complete rehabilitation process… Subsequently, directed and designed internal procedures for the
rehabilitated units and project sites “IGW”- Inspection, Guarantee and Warranty division...
April 2008 as Independent Consultant Specialist provided aid to a non-profit organization with identifying Federal Grants
and participated in the preparation for the request for proposal writing, and final submission to the different federal entities.
Also assisted in the organization of the in-house program counseling for affordable rental units under HUD section 8 projects,
review and reply to federal audits. In addition, provided services for “first time home buyers”, including assisting the elderly
with information on Home Equity Conversion Mortgage loans “HECM”, and the prevention of foreclosures.
July 2010 hired to work with Executive Homesearch and Realty Services, Inc. (EHSR) General Project Manager:
Contracted to manage the 19 projects throughout the Island, reassure complete compliance with all the different Federal and
Local state programs such as; HUD Section 8 Multifamily Housing Projects, Law 173 and Low Income Housing Tax Credit
that included many Elderly sites. In addition, “EHSR” received the opportunity to acquire another 6 projects for a total of 25
projects and approximately 2700 units. The management responsibilities included the supervision of all project
administrators and approximately 125 central office and field employees. Recommend, establish policies and procedures and
execute changes in order to ensure full compliance with employer and all Federal Rules and Regulations, including preparation
and replies for all physical inspections, management reviews and financial audits held by the federal agencies. Provide
assistance at the central office for all my administrative personnel and oversee the Purchasing Department and Maintenance
Department. Special projects including, but not limited to the preparation of directing the administrative area and others in the
qualification of families and elderly for the occupancy process. Modify the existing internal procedures to include an excellent
final unit from the developers company. This resulting in a much faster occupancy of the project.
CFM -Certified Financial Manager Program, CMH-Certified Manager of Housing, COS – Certified Occupancy Specialist,
April 2006 Primavera Project Management & Primavera Expedition for Project Control, November 2006 -EDUMAXX
Professional Institute, Analysis of Guarantee procedures for new construction projects & DACO regulation. During 2005,
2006, 2007, 2011, 2012 & 2014 Member of SAHMA-Southeastern Affordable Housing Management Association, Puerto Rico
Conference – Continuing Education for the Contract Administrators -Puerto Rico Housing Finance Authority, HUD &
USDA/FmHA agencies. In June 2008 attended the seminar for Loss & Mitigation by HUD. During August and September
2008 attended seminar at PR Small Business & Technology Development Centers on “How to do business with the Federal
Government”. August 2013 – Update HUD Handbook 4350.3 certification, November 2013-LIHTCP Compliance
Monitoring Plan. May 2014 Participation of Tax Credit Specialist by NCHM and October 1-2 2014 Compliance in HOME
Rental Projects
Ability’s & Skills
Keen mind for detail and problem solving, strong verbal and written communication skills, art of negotiating and investigating
. . . Over 30 years of vast experience in various federal applications to ensure compliance with diverse types of federal rules
and regulations. . . Bilingual (English/Spanish) fluently oral and written . . . Computer and software literacy . . .