Vice President Finance @ Transfer Pricing Controllers. Manage staff of 3. Series 99 Certified
• Manage the recording, reconciling and reporting of Global Transfer pricing P&L in support of the firm’s monthly close process.
• Oversee the implementation and maintenance of firm’s Tax driven transfer pricing strategies to allocate revenues and expenses to correct legal entities. From February 2015 to Present (11 months) Greater New York City AreaVice President- GSAM Finance Division @ Supervise monthly accounting, reporting, and analysis functions for the GS Trust Co and assist with legal entity accounting for other GSAM entities. Manage staff of 3-4
• Oversee Financial control functions for highly regulated PWM Trust Company focusing on the supervision of monthly accounting, internal management & external reporting (Call Report and audited financials), budgeting and analysis functions.
• Enhanced monthly review and analysis of Trust Fiduciary asset and revenue data prepared by the external administrator, State Street. Detailed review resulted in more accurate monthly accrual process for annual and quarterly fees.
• Oversee accounting of GSAM's Institutional Receivables (which includes management and performance fees for the Firm's Private Equity & Hedge funds and Separate accounts) including monthly accounting, sub-ledger reconciliation, reporting and analysis functions. Role involves extensive interaction and coordination with the Private Equity and Hedge fund accountants, Client Services, Billing, Treasury Operations and other areas of Corporate Controllers.
• Worked closely with Private Equity and Hedge Fund Accounting groups to enhance the reconciliation and analysis of differences between GS Corporate Management Fee Receivables and Private Equity and Hedge Fund Accounting Payables. Implemented monthly analytic review meeting to identify adjustments by fund due to new closings that result in adjustments to life to date management fees for Fund Payables. Refined accrual process to account for fee calculation differences relating to timing. Enhanced monitoring and analysis process has minimized P&L write-offs for unsubstantiated Receivables.
• Worked closely with IT to design, test, and implement a system to streamline the Receivables accounting processes for Separately Managed accounts by transitioning processes from excel based spreadsheets to an internally developed firm subledger. From 2005 to January 2015 (10 years) First Vice President- Controllers @ Responsible for FAS 140 Reporting and production of firm’s $350 billion dollar Balance Sheet showing inventory and firm finance by trading desk. Reports are used by the Finance Desk and Risk Management to manage the size and composition of the firm’s balance sheet and by Treasury to help manage the firm’s liquidity and funding requirements. Supervised 3-4 professional staff.
• Oversaw consolidation of data for Investment Bank Product Line Balance sheet under tight deadlines across multiple regions and different legacy system platforms. (Salomon, Smith Barney & Citibank)
• Interacted extensively with Senior Management in the Finance Desk, Treasury, Controllers, and FP&A, in producing ad hoc analyses and presentations. Reports were used by Treasury to assist in determining the levels of issuance of short term debt. From 1998 to 2004 (6 years) Assistant Vice President- Controllers @ - Streamlined Head Office Reporting function
- Implemented analytic process & improved communication between Product Controller, Management Reporting and Financial Reporting functions From 1996 to 1998 (2 years) Senior Analyst-Management Reporting & Analysis @ From 1993 to 1995 (2 years) Senior Accountant @ Audit & Business Advisory Services From 1990 to 1993 (3 years)
B.S., Accounting @ New York University - Leonard N. Stern School of Business From 1986 to 1990 New York University - Leonard N. Stern School of Business Bill Chin, CPA is skilled in: Financial Reporting, Accounting, Budgeting, Asset Management, Analysis, Financial Control, Financial Analysis, CPA, series 99, Financial Audits, Budgets, Risk Management, Auditing, Private Equity, Finance