Dmitri Ivanov, CPA
Alliance Partners Chevy Chase, MD
Alliance Partners is an asset manager and lender focused on serving financial institutions by optimizing their asset strategies. Alliance partners manages $1bln portfolio of commercial loans for a network of over 200 community banks across the United States
Director & Vice President, Commercial Loan Operations (March/13 – Current)
§ Lead, manage, and train a team of 5 responsible for servicing and accounting for $1bln commercial loan portfolio of agented and non-agented loans.
§ Create and implement quality control procedures and SOP documentation over all aspects of new loan fundings, syndications, conversions/restructures, and payoffs.
§ Manage downstream reporting to internal and external parties resulting from loan related transitions.
§ Review and interpret relevant legal loan documents: credit agreements, note purchase agreements, equipment lease agreements, investment summaries, amendments, quarterly financial statements and covenant reviews, escrow agreements, syndication summaries and models, mortgage and security agreements, promissory notes, and loan agreements.
§ Review financial compliance certificates and financial covenant ratio quarterly compliance.
§ Provide guidance and advisory services, as a registered investment advisor, to over 200 community bank clients on their pro-rata loan participations, best loan servicing practices.
§ Ensure policies/procedures comply with Investment Advisers Act of 1940, KYC regulations as well as Registered Investment Advisor regulations.
§ Assist with preparation of monthly financial reporting package. Provide explanations/reconciliations for related party transactions and interact with internal auditors.
§ Lead conversion effort and delivery of new loan servicing system for entire managed portfolio of corporate/finance, healthcare, and equipment loans.
§ Provide accounting guidance to underwriting and due diligence team on sale accounting issues for new loan originations and loan participations/syndications.
§ Act as main loan servicing liaison to auditors, regulators, and member banks participating in the loan program.
§ Responsible for reconciliation of all cash and non-cash loan related transactions.
§ Actively interact with syndications, portfolio management, treasury, and asset teams to facilitate proper accounting and servicing of the loan portfolio.
Capital One Bank Laurel, MD
Capital One (NYSE:COF), one of the nation’s top 10 largest banks, offers a broad array of financial services to consumers, small business, and commercial clients.
Manager, Commercial Loan Servicing – Quality Control & Accounting Group (May/11 – March/13)
§ Lead, manage, and train a team of 10 responsible for Quality Control and Accounting Reconcilement of Capital One Bank $40bln Commercial, Business Banking, and Leases portfolio as serviced on ACBS system.
§ Play key role in quality assurance (QA) program development, SOP documentation, manage compliance with regulations (including FAS91 accounting), and ensure execution of key internal controls.
§ Lead conversion and reconciliation project of post-acquisition legacy commercial loan systems into a central ACBS servicing platform for Commercial Loan portfolio.
§ Develop and implement new accounting methodology in ACBS commercial loan system, improve and design new loan servicing and quality control procedures, design and create QA reports.
§ Design and implement new processes for tracking and reconciliation of commercial loan portfolio cash flow activity for agent, members, and agency syndicated loans.
§ Actively identify control/process deficiencies that result in adverse customer impact, propose remediating solutions, and actively work with department managers to test and implement new QA processes and controls.
§ Provide technical assistance on, and lead reconciliation of complex accounting and control issues that relate to Commercial Loan Portfolio transactions processed in ACBS, PeopleSoft, Recon+ and other related systems.
§ Lead and propose action plans for several technological improvement projects as a result of QA review, including: an enhanced automated internal controls for lockbox collections, DDA/ACH auto-debit reversal capabilities, and enhanced syndication module for investor assignments changes.
American Capital, Ltd Bethesda, MD
American Capital, Ltd (Nasdaq: ACAS) with $18 billion in capital resources under management, is a publicly traded private equity firm and global asset manager (REIT/BDC).
Senior Investment Accountant (REIT) (August/07 – May/11)
§ Manage a team of staff accountants to complete and review monthly, quarterly, and annual G/L close, senior/sub debt and equity revenue/allowance recognition, and cost variance analysis. Assist in preparation of financial reporting package.
§ Quarter end validation and research/analysis of complex mark-to-market FAS157 fair value adjustments and FX adjustments for financial reporting purposes utilizing waterfall and market yield methods.
§ Preparation of IRR cash flow analysis submitted to senior management and CFO. Preparation of key financial and accounting metrics used for reporting to shareholders and corporate debt acquisition: Money Multiple, Exited IRR metrics, Debt & Equity Non-Accrual Analysis, other Ad Hoc reports for highly specialized projects.
§ Review all legal documentation pertaining to debt and equity acquisitions: Credit Agreements, Note & Equity Purchase agreement, Articles of Incorporation, Commercial/RE note purchase agreements.
§ Responsible for quarterly Non-Accrual review and recognition of revenue allowance for debt and equity investments and/or placing new investments on non-accrual status based on discussions with senior management.
§ Participate in implementation/development, reconciliation, and accounting methodology changes of new in-house built Asset Servicing Sub Ledger system. Includes complex data/accounting research, non-accrual accounting methodology, revenue reconciliation, UAT testing, and explanation of variances/issue to senior management and IT software engineers.
§ Monthly/quarterly fund investment reconciliations, journal entry preparation and review of cost basis, non-accrual analysis for $3bln third-party private equity funds managed by ACAS.
§ Manage data flow, capital calls, distributions, investment fundings and prepayments, restructures, and legal documentation review for $3bln equity funds managed by ACAS. Assist in preparation and review of financial statements.
§ Work with complex private equity asset valuation models and cash flow models for CMBS and CDO investments.
§ Produced SOX404 narratives to describe company’s revenue and allowance revenue recognition for interest income, management/admin fee income, and recognition policy and procedure for CDO and CMBS investments according to FASB ASC 325-40.
§ Actively work and liaise with valuation analysts, due diligence team, deal team members, treasury, and portfolio companies’ senior management to facilitate proper accounting and servicing of ACAS debt and equity assets for originations, recapitalizations, and exits.
Investment Accountant (REIT) (May/04 – August/07)
§ Prepare and post all journal entries associated with CMBS and Real Estate loan originations, conversions, recapitalizations, sales, and exits in GL and servicing system.
§ Responsible for monthly interest income and allowance recognition for senior/sub debt loans and preferred equity securities.
§ Responsible for monthly/quarterly close of GL, balance sheet and income reconciliations of investments in portfolio companies, and assist in preparation of financial reporting package.
§ Responsible for revenue and allowance recognition of management/admin fees and quarterly non-accrual analysis of past due fees.
§ Propose non-accrual adjusting entries to senior management based on results of non-accrual fee analysis.
§ Prepare AR aging report for entire loan portfolio and AR aging report for Management/Admin fees.
§ Responsible for servicing and quarterly cost basis reconciliation of $1.3bln CMBS and Real Estate portfolio of ACAS; including review and research of all credit documentation.
§ Participate in preparation of SOX404 internal control narratives, review and development of procedures.
§ Provide requested information on daily basis to financial analysts, deal team members, senior management, internal/external auditors, and portfolio companies’ CFOs regarding all aspects of servicing and accounting for ACAS portfolio companies.
§ Responsible for servicing, review of complex legal documents (NEPA, Articles of Incorporation, Payoff Letters, Operating Agreements, Blocker Corps, etc.).
Agility International, Inc Alexandria, VA
Agility, a logistics company with vast transportation, logistics, and warehousing capabilities delivered through 20,000 individuals in 450 offices across 100 countries.
Staff Accountant – AP (April/01 – May/04)
§ Responsible for general AP functions: payment issue, accrual recording in GL, data processing for all vendors, maintain manual and electronic filing and record retention systems. Month end close of AP.
Capital One Bank: Recipient of Q3 2012 ACE Award – Achieving Commercial Excellence.
Within six months of employment received an annual Leadership Award for discovering and remediating an internal control deficiency that resulted in $2MM adverse customer impact. Lead project on post-acquisition reconciliation and QA process re-design of ACBS commercial loan system.
American Capital: Enhanced and improved methodology and operations of Management and Admin fees process module for in-house built Servicing and Sub Ledger Accounting System with improvements to processes of revenue recognition, invoicing, fund allocation, non-accrual, and monthly reconciliation.
Sep/95 – Dec/00 Truman State University Kirksville, MO
BS, Business Administration
§ Finance Major
§ Economics Minor
§ Certified Public Accountant (CPA), Member of AICPA and Virginia Board of Accountancy.
Fluent in Russian, expert in MSOffice, Solomon Accounting, Business Objects, PRISM Loan Servicing System, ACBS Loan Servicing System, Wall Street Office Loan System, PeopleSoft, ImageSoft, Acquire Reporting, Recon Plus (FiServ/Frontier), Lease Plus.