Loretta Chen Email & Phone Number

California, United States

San Francisco, California, Us

San Fransisco, Ca, Us

Led all aspects of monthly close and actively managed weekly cash; reduced close from 23 to 9 days with a team of 5 staff.Developed SOX compliant controls and procedures for IPO readiness and to scale Finance Operations for rapid growth. Key relationship manager with external auditors and tax preparers. Reported to CFO.Primary ERP (Netsuite) implementation systems lead – from structural design involving Inventory Demand Planning, Manufacturing Costing setup, Supply Chain procurement procedures, Fixed Assets module setup – led user testing and designed report configuration.

Palo Alto, Ca, Us

Honing my craft as a Finance Leader in scaling up Supply Chain, Manufacturing, Flight Operations, Customer Development and Engineering. Growing the Business Operations function within an organization that is maturing from R&D rapid prototyping to launching an ambitious product in opportune markets.Manage the Accounting function by overseeing full cycle month end close, daily accounting operations, payroll, tax filings, 1099s, insurance, and producing consistent reliable financial reports with a lean team of 2. Develop financial strategy by summarizing cost trends and cash forecasts to Senior Staff and Sponsors, managing the annual 409A valuation process, and providing job costing data as input for pricing decisions to Business Development team leads. Support internal partners such as- the Manufacturing team by revamping the purchasing process to instill better PO discipline, evaluating ERP cost benefits, refreshing spend approval thresholds, minimizing lead times, and negotiating better terms.- the Engineering team by supporting design analysis and simulation projects, and building out materials test labs.- the Facilities team by collaborating to scout alternative office space for expansion.- company wide adoption of quality management systems, safety management systems.Engage in continuous learning by reading up NASA and aviation literature to better understand the context of industry specific KPIs and their importance to various stakeholders. Participate in lunch & learn sessions to absorb best practices from seasoned Finance professionals in similar environments.As I learn, I cross train and delegate to elevate the knowledge of the whole Accounting team. In small and big ways within my capacity, where I can take action to make somebody else's job smoother and push the company's goals further, I do, and that's a good day.Reported directly to the COO.

Palo Alto, Ca, Us

Provide hands-on coordination of day-to-day accounting operations, FP&A, and interact with various Business Units to manage working capital, ensure proper accounting treatment and execution of accounting functions, and report monthly financial results. Play a key leadership role in the Finance organization around change management, process improvement, scaling accounting infrastructures, and building out the team.Manage the general ledger accounting and consolidation processes, including journal entries, reconciliations, closing timeline, financial statements, flux and cash flow analysis.Support FP&A with preparation of board and management presentations.Develop and maintain working relationships across Finance, Legal and other organizations.

New York, Ny, Us

Responsible for all aspects of accounting, budgeting, reporting, and payroll for the management company of this specialty food & agriculture private equity firm with $2.2B AUM. Reported to CFO and managed 2 staff accountants.Reduced A/R collections from 90 days to 45 days, which increased working capital efficiency and increased cash distributions to shareholders.Successfully launched 2 systems upgrades within 18 months – NetSuite and Concur – go live was on target; this project was an integral component that dramatically improved accuracy of financial reporting and efficiency of cash deployment.Presented quarterly budget forecasts to executive management, including revenue model assumptions per complex investor fee agreements. Prepared quarterly and annual tax projections for the company and for the managing partners.

Austin, Texas, Us

Led a team of 6 accountants for 23 deferred tax equity partnerships, with $1.6B in leased solar AUM with 49K customers. Worked directly with major bank investors on managing securitized financial leases. Reported to CAO.Reduced close days 17% saving hundreds of manual input hours since implementation. Analyze and report variance to forecast on key performance metrics including revenue variability, A/R collectability, customer segment pricing, and asset performance using Adaptive Insights.Executed terms of partnership agreements including capital contributions, assets-in-kind contributions, special income and expense allocations, complex distribution waterfalls. Work cross-functionally with Sales Ops, Treasury, and Engineering teams to manage investor relations on topics such as capital deployment, quality of receivables, IRR calculations. Managed annual and quarterly audits for public reporting (PBC requests, SOX compliance requests).

Responsible for general accounting operations, including expense reimbursement, bank reconciliations, and preparation of financial reports for tax filings and valuation due diligence of this $2M venture funded biotechnology start-up. Reported to CEO.

Palo Alto, California, Us

Led all aspects of accounting, budgeting, and reporting for this global venture capital firm with $600M AUM including internal budget variance analysis, vendor payments, international consolidation of 4 foreign subsidiaries, global payroll and benefits administration, employee travel policy, expense report review, and 1099 reporting within Quickbooks.Conducted management fee and expense allocation analysis based on various fund structure arrangements (Delaware, Cayman, Luxembourg).Worked closely with finance team to ensure accurate execution of investment transactions and timely filing of legal documentation.

Palo Alto, Ca, Us

Managed financial reporting for Venrock’s $2.5B AUM venture capital funds including fund accounting for purchases, follow-ons, sales, loan conversions, warrants exercises; and capital calls and distributions. Reported to Venrock’s CFO.Created data analytics model on fund IRRs to help venture partners develop sector investment strategies (energy, IT, and healthcare) to support Venrock’s 2010 fundraise of $350M. Analysis included gains/losses, P&L allocations, carry clawbacks, and high water marks.Prepared GP account statements, capital calls & distributions, incentive allocations, special carry allocations, clawbacks, and provided tax estimates and K-1s.Assisted with private investment valuations using public comparatives, Black Scholes, waterfall analysis with integrated input from the investment sponsor. Prepared investment roll forward schedules for external auditors and realized gain schedules for K-1 tax preparers.Worked closely with legal team to ensure proper execution of transactions including formal approval, funding, and documentation of investment memos.

Grand Cayman, Cayman Islands, Ky

Directed monthly financial reporting for 8 global hedge funds and FoF ranging from $700M to $1.2B in AUM. Managed 5 fund accountants and drove monthly NAV accounting process including GAAP research and mark-to-market reconciliations to accurately record assets, liabilities, and subscription / redemption transactions.Relationship manager and problem-solver for 8 clients and 5 custodians. Delivered timely and accurate financial statements to CFOs, and created P&L analytics to highlight performance drivers to Investment Managers.Worked closely with Investor Relations to answer queries about fund performance metrics, incentive fee calculations, fund structures, tax projections, and enforce PPM clauses.Reduced month-end reporting timeline from 15 to 9 days and enforced SAS 70 compliance.

London, Gb

Streamlined existing business operations by consolidating system processes that saved 60 hours per month, allowing HSBC to take on 4 new funds with $150M AUM and no additional headcount.Implemented new international trading system and improved communication with custodians to increase international trading business from 10% to 50% and $1M of additional revenue per year.

Zurich, Ch

Provided trade support and transaction verification for 50 client accounts. Managed cash investments for 5 separated managed accounts. Reconciled trades between portfolio management system and custodian transcripts on a daily basis to ensure accuracy.

Mba, Investment Management, Alternative Asset Management (Private Equity)

Agile Mba

Mba, Corporate Finance, Private Equity

Cpa

Bba, Accounting And Finance