Vake Persaud, M.B.A, M.S. Email & Phone Number

Garden City, NY, US

New York City Metropolitan Area

Finance Business Partner/Operations/Accounting managing the firm’s Global IT and Real Estate support & infrastructure functions with financial analysis, strategic planning/forecasting, and financial reporting needs interacting heavily with senior management of IT, Real Estate, Strategy and Operations, Data & Analytics, Legal & Compliance, Human Capital.

New York, New York, United States

• Firm that offers strategic CFO consulting and FP&A services focusing on budgeting/forecasting, internal controls and audit, business development, M&A due diligence and finance transformation

New York City Metropolitan Area

• Led efforts to collect $3M+ in aged receivables, personally engaging with clients to resolve payment issues.
• Generated increase of revenue of $1M+ through strategic pricing initiatives.
• Implemented 3-bid process for all external vendors and suppliers, delivering 20% savings in overall expenses.
• Slashed marketing, consulting, and T&E expenditures by 15%.
• Ensured implementation of financial controls and procedures; oversaw external audit, tax filings, and financial reporting.
• Played active role in facilitating acquisition of company, providing strategic financial insight throughout process.

New York, United States

• Completed financial audit and resolved all findings from previous audit conducted prior to hire.
• Successfully submitted all shareholder K1 filings, overcoming aggressive timeline to learn shareholder business dealings.
• Completed all mandatory filings to FINRA in timely and accurate manner.

Garden City, New York

• Obtained private equity investment and guided merger under agreed upon timeline; rebuilt P&L and Balance Sheet to rectify company’s failure to create audited financial statements from 2004 to 2018. Increased revenue by.
• Decreased cost of goods sold by 13% by executing in-depth review and analysis of existing contracts and launching 3-bid process initiative.
• Reviewed all expense items and guided efforts to reduce costs by $3M.
• Developed and implemented Standard Operating Procedures across finance department, bringing structure to organization.
• Managed and executed all strategic and tactical initiatives surrounding M&A, business strategy, financial management, cost benefit analysis, forecasting, and capital raising.

Greater New York City Area

• Negotiated new contracts for Top Tier airports within U.S., generating revenue increase of 25%.
• Slashed staff costs by 11% through off-shoring of data-driven finance positions.
• Delivered successful 50 state annual and ad-hoc audits, ensuring accuracy of data based on each state’s requirements.
• Implemented new financial controls and instituted standard operating procedures.
• Partnered with and managed remote teams, working in global shared service centers across UK and India.

Greater New York City Area

• Strategic consulting for small business firms specializing on high net worth clients, medical and legal professional practices and real estate agencies
• Executed all duties related to finance & accounting, expansion review, operational efficiency and cost management

Greater New York City Area

Completed FATCA assessment engagement at multiple organizations including global solutions firm, consumer card company, U.S. broker dealer, and global asset management firm operating in 20+ countries with over $625B in AUM. Co-led consulting project at major internet organization, identifying opportunities to save 31%.

Greater New York City Area

• Executed all duties associated with FP&A senior manager role for corporate and public banking, energy commodities & transportation and investment banking
• Prepared annual budget, forecast analyses and multi-year strategic plan.
• Extensive interaction with senior management and strategic group.
• Prepared, reviewed, and consolidated all aspects of management reporting and financial presentations for North America including Corporate and Public Banking and Global Markets.
• Developed and streamlined all MIS reports currently utilized throughout the organization.
• Managed quarterly financial review with head office in Brussels.

Greater New York City Area

• Delivered all phases of FP&A for a $23 billion hedge fund
• Created, implemented, and prepared monthly, quarterly and annual forecasting procedures and processes
• Prepared and Implemented monthly, quarterly, full year and multi-year forecasting processes.
• Designed full year planning model by fund / strategy, utilized by senior management to determine Performance returns, fees and AUM.
• Developed compensation model, used as sole determinant for trading teams compensation.
• Prepare all Board of Director and financial presentations.

Greater New York City Area

• Coordinate all aspects of management reporting and financial presentations to senior management for Private Banking globally with AUM of $350B+.
• Produce Private Banking Scorecard and Executive Management Report.
• Oversee and develop monthly forecast, annual budget and strategic plan processes.
• Develop revenue forecast using major indices, correlation analysis and business metrics.
• Maintain and update economic model utilized in developing Private Banking’s multi-year business plan.
• Communicate extensively with CFO’s for Europe, Asia, the United States and Latin America for global reporting purposes.

• Provided qualitative analysis of financial results to Vice Chairman.
• Prepared all financial information presented in Board of Directors meetings, Executive Committee briefings and external reports.
• Coordinated all MIS related information, throughout Chase Financial Services, with regard to Actual, Plan and Forecasts.
• Managed and prepared financial presentations to Vice Chairman and Senior Management.
• Compiled data and prepared CFS Benchmarking Fact Sheet.
• Participated in development and implementation of Chase / Chemical Merger Financial Tracking System.

Master Of Science, Accounting/Financial Management

Mba, Financial Services

Activities and Societies: Dean’s List, Golden Key National Honor Society, Omicron Delta Epsilon – International Honor Society in Economics.

Bachelor Of Science, Finance