Michael Chen, Msc, Cfa, Cma

Michael Chen, Msc, Cfa, Cma Email and Phone Number

Facilitator @ Humber College
Toronto, ON, CA
Michael Chen, Msc, Cfa, Cma's Location
Greater Toronto Area, Canada, Canada
Michael Chen, Msc, Cfa, Cma's Contact Details

Michael Chen, Msc, Cfa, Cma work email

Michael Chen, Msc, Cfa, Cma personal email

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About Michael Chen, Msc, Cfa, Cma

Michael Chen, Msc, Cfa, Cma is a Facilitator at Humber College. He possess expertise in casino, gaming industry, budgets, forecasting, hospitality and 45 more skills. He is proficient in English. Colleagues describe him as "Micheal was pleasure to work with, good teacher, very knowledgable"

Michael Chen, Msc, Cfa, Cma's Current Company Details
Humber College

Humber College

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Facilitator
Toronto, ON, CA
Michael Chen, Msc, Cfa, Cma Work Experience Details
  • Humber College
    Facilitator
    Humber College
    Toronto, On, Ca
  • Humber College
    Facilitator
    Humber College Jul 2021 - Present
    Toronto, Ontario, Canada
    Facilitator for the Real Estate Education ProgramTeach the Commercial Real Estate Transaction Simulation course, which includes the financial analysis of commercial properties and other regulatory requirements when trading on commercial real estate transactions
  • Real One Realty Inc.
    Real Estate Broker
    Real One Realty Inc. Mar 2017 - Present
    Toronto, Ontario, Canada
    Real Estate BrokerJuly 2019 -- presentReal Estate Sales RepresentativeMarch 2017 -- July 2019
  • Ontario Lottery And Gaming Corporation
    Sr. Manager, Finance - Resort Casinos
    Ontario Lottery And Gaming Corporation Jun 2006 - Mar 2017
    Toronto, Canada Area
    Senior Manager, Finance --Resort CasinosOct 2011 - Apr 2016• Managed resort casino division's budget and forecasts process: communicated timelines to internal/external stakeholders and coordinated resources; analyzed budget drafts to ensure key issues are appropriately reflected; developed business cases for capital projects (strategic alignment, discounted cash flow, ROI, net present value, payback period); presented consolidated resort casinos budget/forecast to senior executives; prepared cash flow budget for the treasury department• Monitored financial performance of resort casinos: chaired monthly financial reporting meetings to get updates on financial performance of resort casinos; analyzed variances to the budget and prior year on revenue and major operational expenses (payroll, marketing, facilities, etc.): tracked capital expenditure against budget and investigate variances; reported any issues through monthly board report resort casinos section• Provided operational expertise to senior finance executives and provided financial expertise to senior operation executives• Provided leadership to senior financial analysts.Senior Analyst, Business Planning & Analytics Jun 2006 – Oct 2011• Developed models to assist strategic planning process: developed a slot performance report to determine optimum number of slots at each gaming site; developed a gravity model to project potential revenues based on location and size of gaming sites • Provided analysis to support Table Games and F&B operations: prepared table utilization forecast and recommended optimum table opening plan to maximize yield; evaluated product mixture to ensure maximum profits; reported the variance between theoretical food costs and actual food costs to F&B mangers for further investigation; tracked menu items performance and recommended new menus• Hired and supervised 6 junior operation analysts / co-op students.
  • Casino Rama
    Sr. Financial Analyst, Treasury Department
    Casino Rama Aug 2003 - Jun 2006
    Orillia, Ontario
    • Banking administration: maintained documentation of 21 bank accounts, prepared analysis for contract renewal, updated bank account signing authority documents, liaised with the bank and internal departments regarding credit card dispute / cash deposits variance / cheque signature irregularity and provided information to facilitate annual external audit• Reviewed and prepared weekly / monthly / annual financial analysis reports to track FTE / labor efficiency, marketing programs effectiveness and the financial performance of the operation, wrote monthly financial statements executive summary report (identified trends /opportunities / threats / strength / weakness and explained the variances from budget and prior year)• Developed financial models in forecasting revenues / expenses (semi-monthly)• Prepared and coordinated the compilation of annual fiscal budget / business plan -- responsible for all the casino departments (Table Games, Slots, Cashiering & Credit, and Casino Accounting)• Assisted operational departments in preparing business cases for capital budget projects (ROI analysis) and monitored capital expenditures• Oversaw the data integrity of financial databases (FTE Database, Capital Asset Tracking Database, Insurance Claims, etc.).• Liaised with insurance broker, provided supporting analyses and prepared various commercial insurance applications (Business Liability, Property, D&O, Kidnap & Ransom, etc.)• Assisted Director of Finance in training and monitoring performance of 3 financial analysts
  • Caesars Entertainment, Inc.
    Operations Analyst, Finance Division
    Caesars Entertainment, Inc. Jun 2002 - Jun 2003
    Las Vegas, Nevada
    • Set up and maintained labour management system (Unifocus Watson): developed statistical models to forecast short-term business volume at each department (hotel, casino, F&B, security, etc); scheduled employees based on forecasted business volumes and labour standards; trained subsidiary companies’ operations analysts in using labor management software; and provided technical support • Reported labour productivity to respective department heads so measures could be taken to optimize labor utilization while ensure consistent customer service quality• Assisted newly acquired sub-divisions (post-acquisition) in establishing and adopting the corporate standard labor management system.• Conducted labor studies (operations reviews) for existing Harrah’s properties, identified labor cost saving opportunities, recommended changes in design, equipment, and business process that will increase labor productivity (business process reengineering).• Assisted financial planning and analysis group in FTE/Payroll budgeting
  • Station Casinos
    Operations Analyst / Financial Analyst
    Station Casinos Dec 2000 - Jun 2002
    Las Vegas, Nevada
    • Conducted market research to identify new development opportunities through new construction or merger & acquisition.• Developed/maintained corporate development financial database (operational /financial data by properties and lines of business)• Prepared daily/weekly/monthly FTE reports to track labor cost and productivity• Conducted analyses to support the slot operations of all Station properties (tracking slot performance by denomination by game types by manufacturers; tracking new games life cycle and providing recommendations for game recycling; evaluating leased game performance)• Produced forecasts based on historical, trend, and seasonality schedules, prepared property (Palace Station Casino) financial budget• Utilized data from player database and accounting database to tracked marketing campaign effectiveness in assisting the planning of future marketing campaigns (Palace Station Casino)
  • Applied Analysis -- Las Vegas
    Market Research Analyst
    Applied Analysis -- Las Vegas May 1999 - Dec 2000
    Las Vegas, Nevada
    • Provided marketing and information technology services to Lee & Associates Real Estate Service (a commercial real estate brokerage firm) according to consulting contract:o Maintained a database (using Microsoft Access) of Las Vegas commercial real estate property information, create query and prepare research reports upon request.o Prepared quarterly market summary brochures for its retail, office, and industrial divisions.• Wrote quarterly Las Vegas Office Market Report and Las Vegas Industrial Market Report, which are subscribed by investment institutions, real estate appraisers, and developers.• Conducted market Feasibility Analysis in hospitality / gaming industry, and Gaming Impact Study.
  • University Of Nevada Las Vegas
    Graduate Assistant (Research)
    University Of Nevada Las Vegas Aug 1997 - May 1999
    • Collected data and searched articles of hospitality finance and casino gaming management from library, the Internet, and/or government agencies.• Conducted preliminary data analysis (using SPSS) for statistics modeling
  • Zhejiang Gongshang University
    Instructor
    Zhejiang Gongshang University Aug 1992 - Jul 1997
    Hangzhou, Zhejiang, China
    Taught Tourism Economics, Introduction to Tourism, Principles of Travel Agency Management.
  • Suzhou China Youth Travel Service
    Sales Manager
    Suzhou China Youth Travel Service Jul 1995 - Feb 1996
    Suzhou, Jiangsu, China
    Took 7 months professional development leave from Hangzhou Institute of Commerce (now Zhejiang Gongshang University) and worked at this travel agency to gain first hand knowledge on travel agency management.
  • The Dragon Hotel, Hangzhou
    Management Trainee
    The Dragon Hotel, Hangzhou Aug 1990 - Jan 1991
    Hanhzhou
    Management trainee at F&B and Housekeeping departments.

Michael Chen, Msc, Cfa, Cma Skills

Casino Gaming Industry Budgets Forecasting Hospitality Resorts Financial Modeling Financial Analysis Analysis Management Capital Budgeting Budgeting Hotels Hospitality Industry Finance Strategic Planning Casino Gaming Leadership Business Planning Hospitality Management Loyalty Programs Operations Management Revenue Analysis Vip Loyalty Marketing Pre Opening Poker Gambling Microsoft Excel Analytics Market Research Team Building Training Project Planning Auditing Corporate Finance Customer Service Food And Beverage Business Analysis Yield Management Teaching Research Team Management Statistics Probability Theory Predictive Analytics Econometric Modeling Labor Control University Teaching Gaming

Michael Chen, Msc, Cfa, Cma Education Details

Frequently Asked Questions about Michael Chen, Msc, Cfa, Cma

What company does Michael Chen, Msc, Cfa, Cma work for?

Michael Chen, Msc, Cfa, Cma works for Humber College

What is Michael Chen, Msc, Cfa, Cma's role at the current company?

Michael Chen, Msc, Cfa, Cma's current role is Facilitator.

What is Michael Chen, Msc, Cfa, Cma's email address?

Michael Chen, Msc, Cfa, Cma's email address is mchen@olg.ca

What schools did Michael Chen, Msc, Cfa, Cma attend?

Michael Chen, Msc, Cfa, Cma attended University Of Nevada-Las Vegas, Zhejiang Gongshang University, Dale Carnegie Training.

What are some of Michael Chen, Msc, Cfa, Cma's interests?

Michael Chen, Msc, Cfa, Cma has interest in Education.

What skills is Michael Chen, Msc, Cfa, Cma known for?

Michael Chen, Msc, Cfa, Cma has skills like Casino, Gaming Industry, Budgets, Forecasting, Hospitality, Resorts, Financial Modeling, Financial Analysis, Analysis, Management, Capital Budgeting, Budgeting.

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