RASHEED SHAIKH, CPA
45 StreamBank Drive
Freehold, NJ, USA 07728
732-613-2720 (Home) or 914-672-9453 (Mobile)
r-shaikh[at]hotmail.com
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SUMMARY OF QUALIFICATIONS
Over twenty years of accounting experience in the construction and real estate development industry
â— Supervise accounting department â— Financial Reporting, Fed. & State Taxation, Project Accounting.
â— Job Costing & Project Requisition â— Base Contract, Variance, Bids, Scope, Construction & Design
◠JD Edward ,Hyperion & Timberline ◠Interface –Project and Corporate Management Team
â— Design various management reports â— Experience with commercial and residential development
â— Mixed Used Construction 80-20 â— HFA & NYS Liberty Bond Financing
â— Prepare monthly Financial Statement and month end closing process
â— Review/analyze revenue and cost based on percentage of completion and completed contract method
â— Approve weekly union report for Local 3 and Local 1 Union members
â— Member of negotiating committee during contract negotiations with Local 3 and Local 1 Union
â— Review yearly corporate tax return and quarterly sales tax return
â— Approved as final signatory for vendor payments up to $10 Million
â— Approve and authorize contracts for new construction, modernization, maintenance and repair projects
â— Prepare coordinated budget for the division
â— Review job status and cost report in coordination with the operation team
◠Supervise accounting department – staff of ten employees
â— Coordinate and supervise year-end audit and union audit
LENNAR CORPORATION (LUXURY HOME BUILDER – REVENUE $20 B) 2005 – 2007
(Construction: New York City High End Luxury Condominium $650 Million,
New Jersey Waterfront Residential $3.2 Billion, Central and South Jersey Luxury homes $1.2 Billion)
Controller and Vice President of Finance
â— Prepared monthly financial statement, projection & forecasting, and coordinated year-end audit
â— Reviewed Joint Venture Transactions, Land Acquisition & Construction Development Stages Report
â— Prepared budget for future vertical construction development ranging $600 Million to $1 Billion
â— Review performance & maintenance bonds, insurance, and approve Sarbanes Oxley Section 404 report
â— Participated in quarterly board meetings and updated Board regarding the performance of the division
â— Constant interface with the Division President regarding corporate compliance, rules and regulations
â— Reviewed, negotiated, and approved all sub-contractor contracts and variances
â— Approved all present and future acquisition home sites for future project development
â— Provided recommendations to Board regarding approval of funding to launch future projects based on
Financial & Budget Model, Due Diligence, Target Customer Income Level, & Population Impact Test
â— Prepared business plan for all three divisions located in New York, New Jersey, and Pennsylvania
MOINIAN GROUP (REVENUE $6.5 B) 2000 -2005
(DEVELOPER –LUXURY RES. / COMM. BUILDING OWNER SEARS TOWER,
GRAND HYATT HOTEL – FL., 180 MAIDEN LA., NYC & MORE)
Controller
â— Prepared pre-development budget for project ranging $90 Million to $250 Million
â— Member of negotiating committee on various Sub Contractors and CM Contracts
â— Wrote proposals and negotiated with major financial and government institutions for funding of
Construction and Bridge/Interim loans for the development of current and future projects
â— Obtained funds from NY Liberty Bond & Fed. Housing Finance Authority for financing future projects
â— Prepared Job Cost and Cost to Complete Report based on committed and total anticipated cost
â— Approved monthly bank draw based on construction, soft and financing cost (% of completion)
â— Reviewed CM/Trade contracts and recommended changes to Board of Directors before execution
â— Involved with performance bond and Owners Control Insurance Policy
â— Audited Sub-Contractor performance bond, labor union reports as per compliance requirements
â— Monitor entire construction cost by daily visiting a job site during construction in progress
BOVIS LEND LEASE (REVENUE OVER $90 BILLION) 1997 – 2000
(NYC Grand Central Terminal $150 M, Museum of Natural History $175 M, NJ Hoboken
Waterfront Corp. Center $500 M)
Senior Project Accountant
â— Coordinated and approved monthly requisition progress billing for contracts $50 - $110 Million
â— Prepared monthly management report regarding the job status in terms of Budget, Committed and
Anticipated Cost, Actual Job Cost, and Receivable Collection Status
◠Reviewed and approved Sub Contractors’ Purchase orders and Contracts $50,000 - $10 Million
◠Approved Sub Contractor’s Payment based on percentage of completion of job
â— Reviewed weekly general condition (Project Management team & other Overhead Cost) ensuring all
Project Managers properly charge their cost based on specific job number and location
◠Coordinated Sub Contractor’s Audit, Union Audit, and Insurance Audit
MORSE DIESEL INTERNATIONAL, INC. (REVENUE $8 BILLION +) 1990 – 1997
(JFK NYC Intl. Airport $1.8 B, British Airways Terminal $120 M, NY Stock Exchange $190 M+)
Senior Project Accountant
â— Prepared monthly requisition for NY City, NYS, & Federal Government Contracts $25 - $200 Million
â— Prepared monthly Job Cost Report based on committed and future additional Anticipated Cost
â— Continuous consultation with various project teams to evaluate progress of multiple jobs completion
MAIN HURDMAN 1985 – 1990
Senior Auditor
â— Supervised field work on audits of Engineering, Construction, Manufacturing, Insurance, Investment
and Health Care companies. Audited EDP Systems. Designed/ Implemented accounting system.
SOFTWARE APPLICATION EXPERIENCE
◠JD Edwards ◠Microsoft Office ◠Hyperion – Projection /Forecasting/Report Writer
◠Timberline – Construction & RE Dev. ◠Elevator Total – Elevator Construction Software
EDUCATION
â— MS Accounting, City University of NY 1988 â— BS Accounting, Mercy College, NY 1985
AFFILIATION
CERTIFIED PUBLIC ACCOUNTANT (CPA) 1986
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