MICHAEL P.

RAMA, CPA
954-260-6636 (cell)

SUMMARY
Experienced and goal-oriented Finance Executive with almost twenty years of mult
i-industry and public accounting experience including over fifteen years experie
nce with publicly-traded companies. Strong understanding of complex transactions
. Track record of directing the preparation and analysis of financial reports to
summarize and forecast financial position. Talented leader directing skilled f
inancial management teams to support achievement of overall corporate goals and
objectives.
CORE COMPETENCIES
Accounting Management Capital Planning Financial R
eporting
Financial Analysis Software Implementation SEC & GA
AP
Budgeting & Forecasting Policies and Procedures Bo
ard Presentations
Cash Management General Accounting Efficiency Impr
ovements

PROFESSIONAL EXPERIENCE
AVATAR HOLDINGS INC - Coral Gables, Florida - 1997 to Present
Avatar Holdings Inc. (AVTR) is a public company listed on The Nasdaq Stock Marke
t, is engaged in diversified real estate operations including the development an
d construction of single-family and multi-family homes and communities in Florid
a and Arizona with annual revenues averaging over $400 million for the past five
years.
Chief Accounting Officer and Controller -December 2001 to Present
Controller - March 1998 to December 2001
Assistant Controller - October 1997 to March 1998
* Develop, drive and implement the financial processes, analyses and controls fo
r the company.
* Responsible for the oversight of the accounting; finance; internal control env
ironment, including Sarbanes-Oxley compliance; taxation and treasury functions.
Direct and lead a team of 15-20 corporate and field accounting personnel.
* Responsible for the timely issuance of all external and internal financial rep
orting including SEC reporting and reports to the CEO, COO, Board of Directors a
nd Audit Committee.
* Make presentations of financial results and issues to the Board of Directors a
nd Audit Committee.
* Created and developed financial models for budgeting, forecasts and cash flow
projections to assist the CEO and COO in making operational assessments and deci
sions.
* Daily monitoring of our current cash positions and cash requirements for weekl
y and monthly needs.
* Participate with the CEO, COO and CFO in planning and determination of investm
ent decisions of the company including the management of excess cash and debt bo
rrowings.
* Work directly with our lenders and investment bankers to maximize our liquidit
y needs.
* Monitor our Credit Facilities to ensure compliance with debt covenants. Incorp
orated our debt covenant requirements into our financial and cash flow projectio
n models.

* Structured and negotiated over $125 million in bank credit facilities, achievi
ng favorable covenant terms, rates and borrowing capacity.
* Raised over $200 million in public stock and debt offerings.
* Work directly with independent auditors for the quarterly and annual review of
the company financial statements.
* Meet daily with Information Technology department to ensure the efficient oper
ations and management of our systems.
* Key member of implementation of various systems packages.

ARVIDA/JMB PARTNERS - Boca Raton, Florida - 1993 to 1997

Diversified real estate developer Florida, Georgia and North Carolina.
Supervisor of Operating Properties and SEC Reporting
Responsibilities included monthly preparation and analysis of consolidated finan
cial statements for two Partnerships generating revenues in excess of $350 milli
on. Involved in all aspects of the preparation of Forms 10-K, 10-Q (including M
D&A) and other Securities and Exchange Commission reporting. Supervise and revie
w work performed by accounting personnel for all operating properties. Prepare
budget and forecast analysis for all operating properties and debt service. Est
imate insurance coverage required and ensures proper risk management of all corp
orate entities.
COOPERS AND LYBRAND, LLP - Miami, Florida - 1990 to 1993
International public accounting firm which merged with Price Waterhouse which is
currently PricewaterhouseCoopers.
Audit Senior Associate
Responsibilities included preparation of financial statements, assessment of int
ernal control environment, and supervision of audit associates and managed the t
imely completion of the audit engagement. Specialized in Retail and Manufacturin
g industries. Participated in all aspects of the preparation of initial public o
fferings. Involved with various community organizations and firm related commit
tees.

LAVENTHOL AND HORWATH - Fort Lauderdale, Florida - 1988 to 1989

National public accounting firm.
Audit Associate
Responsibilities included substantive testing of all financial statement account
s. Participated in the research for litigation support engagements.

EDUCATION & CREDENTIALS

CERTIFIED PUBLIC ACCOUNTANT - 1992
MASTERS OF ACCOUNTING
Barry University, Miami Shores, Florida - AUGUST 1990
BACHELOR OF SCIENCE IN ACCOUNTING
University of Florida, Gainesville, Florida - AUGUST 1988
PROFESSIONAL ASSOCIATIONS
Member of American Institute of Certified Public Accountants
Member of Florida Institute of Certified Public Accountants