David Chung Email & Phone Number

Redmond, Wa, Us

Redmond, Washington, Us

• Manages a $1B Opex and $100M Cogs budget supporting the Xbox President along with 8 other VPs across the Gaming Organization• Develop 3-year LRP models to capture current and future initiatives along with resource management• Lead multiple monthly ROB Finance meetings with Gaming VPs and highlight and address risks and opportunities• Own the Playfab business P&L providing analysis and insight to the business and engineering teams• Own the system forecasting and BOD outlook process• Manage workforce planning and reporting around strategic initiatives while managing our PCN process for our organization• Manage two other Controllers within Gaming and provide them guidance and feedback to deliver success

Greater Seattle Area, Washington, Us

• Business formation• Accounting, Finance and Tax functions

Seattle, Wa, Us

Seattle, Wa, Us

Seattle, Wa, Us

Seattle, Wa, Us

• Lead the annual budget planning process.• Implemented new accounting system, and travel and expense system.• Created new month-end, quarter-end and annual reports for enhanced financial visibility per game along with a consolidated view. • Supervised and performed all finance and accounting functions which include GL accounting, AP, AR, payroll, financial planning and analysis, financial reporting.• Streamlined the month-end close process from 10 days to 5 days.• Prepared monthly management reports and lead department meetings to review performance against budget, forecasts, metrics and other key targets.• Built specialized financial models upon request.• Work with the parent company's finance team regarding inter-company transactions, streamline of tools and applications, and ad hoc reporting. • Presented monthly cash forecast projections to the executive team.

• Spearheaded company merger & acquisition deal, including all the financial due diligence reporting & process.• Negotiated contracts on behalf of the company and saved Motiga over $300k on AP.• Lead the annual budget planning process of $20M and developed 3-year forecast models and templates• Reduced annual operating costs by 8% by improving controls and implementing new operating expense processes.• Drove strategic resource planning through the development of comprehensive company-wide headcount and recruiting reports to ensure proper monthly resource allocation.• Supervised and performed all finance and accounting functions which include GL accounting, AP, AR, payroll, financial planning and analysis, financial reporting, and systems implementations.• Streamlined the month-end close process from 6 days down to 4 days.• Strengthened data integrity in financial reports by implementing the Adaptive Insights budgeting system.• Prepared monthly management reports and lead department meetings to review performance against budget, forecasts, metrics and other key targets.• Built specialized financial models upon request such as liquidation analysis and a pro forma capitalization table.• Developed cost reduction plans for the executive team through the review of all contracts and accountability of spend.• Prepared and delivered monthly financial statements, including capitalization tables, to owners and investors.• Presented weekly financial forecast projections to the executive team.

Seattle, Wa, Us

• Improved data integrity, reporting automation and operational excellence through the development of a data warehouse. Partnered with business owners to capture business and system requirements, and streamlined processes by 70% through the elimination of manual effort.• Enabled real-time forecast modeling and analysis by building a system of record that centralized and validated data previously located across 10 disparate sources.• Provided executive level visibility, transparency and accountability across all key projects by establishing reporting requirements, standardized templates and processes.• Led the RFP and research to purchase and adopt BI reporting software that would provide measurements and visualizations of key performance indicators to the executive team.

Seattle, Wa, Us

• Strengthened business insights by developing a 10-year forecast model that calculated net worth to drive business decisions regarding targets and budgets.• Built a financial model that provided automated cost-benefit analysis for asset purchases (lease vs. buy).• Performed reconciliation and investigation of actuals against industry market value to deliver operational insights and savings opportunities.• Developed Real Estate financial model which determined the prepayment penalty amounts for each of our properties at a given date.• Innovated a tax template that would automate data entry and analysis, resulting in a repeatable and consistent process for tax reporting year over year.

Arlington, Va, Us

• Managed new airplane orders of over 25 airline customers collaborating with the Contracts and Sales teams.• Provided Cash Forecasting and Analysis to Regional Directors and Regional CFOs.• Met with airline customers to discuss contracts, financial analysis and calculations.• Performed variance and gap analysis of forecasted revenue compared to actuals.• Designed reports, finance tools and metrics for analysis and business case planning.• Strategized the process and deployment of new systems, tools, and policies.• Lead trainings and communications for implementations to ensure a smooth transition.• Developed improvements to the outgoing wire transfers and customer payments processes within the Revenue Management System (RMS).

Arlington, Va, Us

• Led a project to develop and implement an Enterprise-wide online wire payment tool working with cross-functional teams. This tool has strengthened internal controls and has helped streamline business processes.• Focal for business requirement gathering, documenting and testing within the Oracle system.• Led a tax implementation project within the Oracle system resulting in change requests, business system testing, and several system changes. Performed regression testing to ensure the validity of financial data.• Led monthly town hall meetings for business partners to address process updates and training sessions.• Performed month, quarter, and year-end reconciliations of Boeing Commercial and Shared Services cash and liability accounts. Analyzed, identified, and investigated data for any imbalances and resolved them in a timely manner.• Evaluated existing controls and identified new controls as the SOX focal. Performed SOX self-assessments and supported annual SOX testing performed by corporate and external auditors for all Accounts Payable processes. Consolidated 63 controls to 13 key controls within our organization.• Supported senior-level management on special projects and reports to make informed business decisions.• Consulted and provided excellent customer service to business partners, stakeholders, treasury, external financial institutions, and external customers.• Analyzed all wire payments for accuracy, and supervised payments processing.• Prepared cash reports to assist the Accounting group in their cash forecasting calculations. In the past year, processed over 4,000 wire payments totaling over $8 billion.• Created a business continuity plan and a holiday wire process for USD and Foreign wire payments.• Coordinated among business partners and team members to ensure payments were processed timely and accurately.

London, Gb

• Prepared daily cash reports from multiple bank accounts and reconciled daily bank transactions.• Identified and resolved complex cash issues relating to internal and external customers.• Calculated and prepared monthly sales and use tax reports.• Prepared month-end cash journal entries and performed monthly reconciliations for all cash accounts.• Created and processed credit/debit memos and credit card chargeback’s in the accounting system.• Assisted in accounting system upgrades and implementations by testing the integrity of the accounting system to ensure its accuracy and functionality. • Monitored and investigated positive pay activity for the payroll account. Issues were researched and solved through the financial institution.

London, Gb

• Improved the reconciliation process of over 300 company-wide corporate cards through the Concur Expense Management system. Streamlined processes through the consolidation of spreadsheets and the use of Excel tools.• Reviewed and audited invoice batches for validity and accuracy and ran weekly payment batches averaging $1.5 million in payment.• Analyzed and reconciled accounts payable and operational expense accounts.• Prepared month-end and year-end audit schedules. Coordinated with external auditors and ensured compliance according to non-profit accounting regulations.

Amsterdam, Noord-Holland, Nl

• Analyzed and calculated commissions and incentive award payments to sales personnel based on commission plan provisions.• Reviewed payment reports for accuracy and completeness and provided monthly reconciliation reports to the sales force. • Gathered and analyzed data through Access database for payment calculation. Resolved validation issues in the Repo tables.