Experience

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  Integral Capital, Lp

  • Majority Owner
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  Integral Capital, LP

  • Greater Pittsburgh Area

  • Majority Owner

    • Jan 2004 - Present
    • Greater Pittsburgh Area

    Commercial Real Estate Financing and consulting. Also equity sourcing.

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  Steven Clites, CPA

  • Owner Principal

    • 1980 - Present

    Tax consulting; Tax preparation; Financial Statement preparation; Financial Planning; Retirement planning; business consulting; along with various accounting services.

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  Laureate Capital

  • Greater Pittsburgh Area

  • Senior Vice President

    • 2001 - 2003
    • Greater Pittsburgh Area

    Lead the Pittsburgh team in the commercial financing market. • Responsible for creating a profitable office in a highly competitive commission based industry. Turned the office around by increasing office net profit by over $1,200,000 in one year. • Negotiated with both borrowers and lenders for ...

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  KAPPA PROPERTIES CO.

  • United States
  • Retail Groceries
  • 700 & Above Employee

  • CFO

    • 1999 - 2001

    • Key player in investor relations and strategic planning for 30 real estate and equipment leasing companies. • Worked with key tenants on new real estate leases and rental rates.• Key player in six private placement offerings over a five year period• Executed: - Tax Increment Financing facilities – one involving a life insurance company and one with a bank for tax free and taxable bonds. - $25 million revolving construction loan facility, including several loan amendments. Funded the acquisition and construction of over ten projects. - Four government loans, eight separate construction loans, over 20 permanent loans, and four interest rate swaps. - $8 million revolving loan facility that re-capitalized the corporation and negotiated several loan amendments.• Oversaw conversion of accounting software to MRI, budgeting and projections using Budgetrak and Argus.

  • Controller, Director of Finance

    • 1989 - 1999

    Responsible for all finance and accounting functions for 30 real estate and equipment leasing companies in the rapidly growing area.• Extended leases and set the lease rates or disposed of and/or sold equipment at the end of the leases.• Worked on special projects and asset analysis. Implemented cash projections and budgeting.• Established and maintained banking and lending relationships. Involved in investor relationships. • Directed the selection teams and implemented new accounting software and reporting systems.• Recapitalized corporate general partner through: (1) financing; (2) partial sale of six partnerships; and (3) a dividend of part of another partnership.• A member of a team that negotiated three acquisitions.• Negotiated and/or closed - New revolving credit facility and several renewals/revisions; a replacement revolving credit facility; 27 mortgages on properties, a related interest rate swap; two bridge loan facilities plus three separate construction loans; seven mortgage extensions on previously existing mortgages.

  • Director, Accounting Administration

    • 1985 - 1989

    • Coordinated functional decomposition of accounting functions from 1985 – 1986, resulting in a new accounts payable system design, key operating numbers, and documentation of accounting procedures and data flow. • Managed seven accounting departments. This encompassed seven supervisors who had 63 people working for them located in two states.• Developed and implemented a new cash reporting system, a new direct store delivery system, implemented a new accounts receivable system, and converted a division to retail accounting.• Initiated and managed an invoice audit function of merchandise purchases by both internal and external auditors. Resulted in over $500,000 in annual cost recoveries.• Negotiated RGIS inventory cost reductions that resulted in annual savings in excess of $100,000.

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  PwC

  • Greater Pittsburgh Area

  • Acting Audit Manager

    • 1983 - 1985
    • Greater Pittsburgh Area

    Coopers and Lybrand, CPAs Audit in-charge

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  Austin Industries

  • Greater Pittsburgh Area

  • Internal Auditor

    • 1980 - 1983
    • Greater Pittsburgh Area

    Auditor for NAVCO and Austin Industries

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  H2R CPA

  • Greater Pittsburgh Area

  • Senior Auditor

    • 1977 - 1980
    • Greater Pittsburgh Area

    Audit in-charge and tax preparer, Passed all four parts of CPA Exam in first sitting