Jeffrey Satenstein

Bio for Jeffrey Satenstein, CPA

Office Location: Powdermaker Hall Room 214B
Office Hours: Tuesdays 4-6 PM
Telephone: (718)-997-5088
Primary email address: Jeffrey.Satenstein@qc.cuny.edu

Jeffrey Satenstein is a Lecturer of Accounting and Risk Management, specializing in fundamental financial statement analysis, accounting for derivative financial instruments and hedging, business combinations, consolidations and auditing services provided by CPAs.

Professor Satenstein has had a long and distinguished career in the financial services industry, first as a credit analyst, then as a staff auditor with a predecessor firm to Deloitte and Touche, a manager of Accounting Policy implementation at Citibank and then JPMorganChase and finally, for 14 years, as the senior financial officer/CFO for Investment Banking, Capital Markets & FX and Global Risk Management at JPMorganChase. In this latter role he had responsibility for forecasting, budgeting, strategic planning and controls and new product accounting for a multibillion dollar revenue generating business of fixed income and equity trading, foreign exchange and commodities trading, asset backed origination and securitization, broker dealer activities and a futures commission merchant.

He oversaw the financial integration of investment banking activities during two major mergers (Chase-Chemical Bank in 1996 and Chase- JP Morgan in 2001), which included alignment of accounting policies, systems selection and migration and implementation of cost reduction programs. He also designed and implemented product and geographic reporting and contributed to the establishment of a customer profitability system.

Between 2001-2003 Jeffrey assumed responsibilities for Operational Risk within the Finance function of the Investment Bank. He implemented balanced scorecard reporting of key performance measures across all businesses and served on the Corporation’s Operational Risk Committee.

Since joining Queens College in 2004, Professor Satenstein has been involved in the design and approval of the MS Accounting Program (for students not having a BA in accounting), the design of the RM 707 course (Financial Statement Analysis) in conjunction with initial approval of the Risk Management Program, faculty advisor for Queens College student teams competing in the CFA Research Challenge, co faculty advisor to the Queens College World of Work Program, member of Risk Management subcommittee of Queens College Business Advisory Board,faculty coach to the winning Queens College Becker CPA challenge, member of the admissions committee for the Risk Management Masters Program, Accounting & Information Systems minor advisor, contributor to Accounting & Information Systems Self Study for Middle States Accreditation and coordinators of Honors and Awards for graduating seniors and MS Accounting students.

Schools Attended:
Queens College, CUNY BA Economics 1971
New York University, MS Accounting 1974

Scholarship:
GAAP 2008,2009,2010, 2011,2012, 2013, 2014, 2015, 2016, 2017
Co author of 3 chapters on Business Combination, Consolidation and Derivatives, Repurchase Agreement and Disclosures

St Johns Review of Business Spring 2010; Co –author of Fair Value Audit Compliance of Public and Non-Public Companies in Response to Credit Crisis

Jeffrey Satenstein, CPA