1. Douglas Curt Marcus
76 E Holly Avenue
Sewell, NJ 08080
H: 856-256-9392 C: 609-980-2298 E: dougm10@verizon.net
Employment History:
National FreightInc. Real Estate / Vineland Construction Company Jan 1988 – Jun 2015
Positions Held:Junior Accountant, Financial Analyst,Senior Accountant
Accomplishments and Responsibilities:
Financial Statement presentation
Prepared and assisted in the publication of audited financial statements for various financial entities.
Prepared footnotes and schedules.
Prepared monthly financial statements with commentary, highlightingmajor points of interest.
Property Tax analysisand appeals
Organized property tax assessments and billsinto a singledatabasethat has been maintained since1989.Property
assessments were recorded for several states includingNew Jersey, Pennsylvania,Ohio,Illinois,Michigan,Florida
and Texas.
Initiated and maintained relationshipswith local assessors. This achieved property assessmentreductions in the
millionsof dollarsthatresulted in substantial property tax savings.
Coordinated tax appeals with property tax attorneys and tenants.
Applied for and received property tax abatements, includinga 15 year new construction abatement in Hebron, OH
that resulted in an annual tax savingsof $70,000.
Responsiblefor the timely payment for all property taxes, includingtakingadvantageof discounts when available.
Property and leasereview
Verified that monthly rents were recorded in accordancewith the lease.
Examined monthly property performance reports for budget variances.
Communicated with other departments – property management, marketing, and finance– to determine if action
needed to be taken.
Prepared bank required net operating statements with debt servicecoverage ratio analysis.
Mortgage
Responsiblefor the timely payment for assigned mortgages.
Reviewed mortgage SWAP interest rates that uncovered an overbillingof $10,000.
Communicated with management regardingupcoming balloon payments.
Developed and maintained model for monthly debt servicethroughout the li feof the loan based on current
balances,interestrates and maturity dates.
Responsiblefor monthly mortgage status report.
Fixed Assets
Assigned fixed assetsoftware maintenance. This included real estate and equipment, such as tractors,trailers and
automobiles.
Updated databasefor acquisitions,disposalsand changes in useful lives.
Reconciled all facets of the database – basis,depreciation,gains and losses –to the general ledger.
Maintained construction in progress ledger and followed through to final recordinginto the general ledger as a
fixed assetor as expense.
Cash Management
Reported daily cash activity,included deposits,checks,electronic fund transfers and fees.
Maintained intercompany cash sweep activity journal.
Responsiblefor updatingdaily cash flowforecasts for debt service,property taxes, and commissions.
Prepared monthly bank reconciliations.
Budgeting and forecasting
Prepared property budgets, which included rental incomes with escalations,property expenses, tenant expense
reimbursement, taxes and insurance,depreciation and debt service.
2. Prepared overhead budgets, which included investment income, management fees and distributions.
Prepared quarterly budget review and recorded budget changes where required for annual financial forecasts.
Financial Investments
Maintained financial investmentjournal by tax lot and reconciled basis,incomeand valueto the general ledger.
Projects
Contributor to three software transitions.Responsibilitiesincluded general ledger followthrough, expense
reimbursement calculation,and ensuringthatmonthly processingwas correct.Any exception was reported to
management.
Prepared debt servicemodel for National Freight’s equipment, comparingdebt service,loan balance,depreciation
and book valueby loan.Model had the capability to reflect changes in interest rates,number of trailer or tractors
per loan,and depreciation methods.
Prepared various financial models with Excel and report writers within accountingsoftwa rethat report top down
operating cash flows,expense reimbursement models with management fee calculations,longterm rents, NJ sales
and use tax refund calculations,property valuations based on net operating income and cap rates , and tenant
leased spaceper squarefoot costanalysis.
Software
Proficientwith MS Excel usinglookups and pivottables.
Third party software experience with Yardi Voyager, Thomson Reuters OnesourceProperty Tax and Sage Fixed
Assets.
Education and Certification:
Bachelors of Science in Business Administration fromDrexel University, 1983
Dual majors in accountingand systems management
GPA 3.71, Dean’s List3-years
Certified Public Accountantlicenseoriginally issued in 1985
Current status is notactive.
References available upon request