David Webb Cpa, Cgma, Cfa, Mba Email & Phone Number

Arlington Heights IL

Webb CPA Group, Ltd., focuses on providing accounting, tax and consulting serves to private equity investment managers.

• Fund Accounting Manager providing third party accounting and fund administration services to hedge funds, fund of funds, commodity pools, unit investment trusts, real estate funds and other investment entities..
• Supervise a team of three accountants responsible for completing monthly fund accounting and reviewing valuation and classification issues.
• Review partner capital accounts, prepare draft financial statements and coordinate external audits.
• Prepare financial statements and related work papers for highly complex funds.
• Monitor performance of staff accountants and conduct personnel reviews.
• Identify staff training needs and develop training programs

Chicago IL

• Assistant Vice President in GE Equity Group managing $8 billion of private and public equity investments including $2.3 billion of LP Fund commitments into 550 Funds and $5.7 billion of Equity Co-Investments. Specific.
• Financial statement analysis of companies with assessment of the strategic and competitive position of the firm in its market place. Review included detailed analysis using GAAP financial statements with focus on the.
• Developed internal reporting system for private equity holdings utilizing Access data base and general ledger information. Reports are used to monitor risk exposure and monitor compliance to internal policies.
• Completed quarterly valuations for numerous portfolio companies for internal risk monitoring process.
• Account management responsibility for 96 LP Funds representing $983 million in commitments and 47 equity co-investments/ tag investments representing $51 million of invested capital

• Research Analyst in nine-person corporate bond research group managing $12 billion in Investment Grade Corporate bonds with direct responsibility for $1.5 billion. Specific duties and responsibilities included:
• Analyzed individual companies and the risk return potential of investments into the senior debt of these companies. Created buy/sell/hold investment recommendations from the analysis and communicated to portfolio manager
• Monitored current market conditions and financial performance bond issuers and communicated significant credit impacting events to the portfolio managers along with a course of action.
• Maintained excellent contacts with numerous investment banks and individual company managers.

• Securities included in this role are: Mortgage Backed Securities, Asset Backed Securities, Corporate Bonds, High Yield Bonds, Emerging Market Bonds, Foreign Government Bonds & US Treasury Bonds. Provided portfolio.
• Designed and implemented weekly process to provide risk characteristics of the actively managed bond portfolio relative to Lehman index. Assisted portfolio managers in making portfolio realignments.
• Developed monthly/quarterly risk management reporting process for senior investment management that provided them performance and risk assessment against internal guidelines.

• Completed back office processing for $60 billion fixed income portfolio. Progress highlighted by ever increasing duties and responsibilities. Responsibilities and duties included:
• Managed seven associates that supported the following investment types: Mortgage Backed Securities, US Treasury Bonds, Asset Backed Securities, Euro Dollar and Treasury Bond futures and various types of derivative.
• Coordinated and completed reporting requirements related to fixed income and derivative securities for internal, statutory and GAAP reporting purposes.
• Analyzed new accounting pronouncements and the impact upon the portfolio. Summarized and communicated results with the senior management team.
• Implemented numerous accounting processes that met GAAP accounting standards including: FASB52, FASB91 FASB 105 & FASB107, FASB115

Greater Chicago Area

Participated on the audits of numerous companies. Specialized in cash reconciliation, account receivable and wage expense verification. Interned in the small business division

Mba, Finance

Graduated with distinction

Bs, Accounting

Minor in Business Administration