Wei Yao, Ms Email & Phone Number

New York, Ny, Us

New York, Ny, Us

• Directed comprehensive accounting functions for 10 start-up clients. Enforced on-time delivery for period-end closing and crafted insightful financial reports and analyses for client leadership, maintaining a superior standard of accuracy and compliance.• Orchestrated impactful financial planning discussions, advising clients, and recommending strategic systems to drive key financial decisions.• Established ASC606-compliant revenue structures and reporting systems for multiple clients, resulting in elevated financial accuracy and surpassing regulatory standards.• Devised and executed strategies to optimize weekly cash flow, consistently reviewing against annual budgets to exceed financial goals.• Played a key role in developing detailed financial forecasts and budgets, contributing to strategic financial decision-making and long-term business planning.• Fostered strong client relationships through timely support, guidance, and building a trusted reputation.• Empowered the accounting department, mentored junior accountants, and boosted efficiency by 15%.• Led new client onboarding by configuring accounting systems, conducting thorough data analysis, constructing accounting processes, and establishing a Chart of accounts.• Revamped lease schedules and entries based on lease contracts, resulting in a significant 30% boost in accuracy and efficiency in financial reporting.• Managed the intricacies of the cost of goods sold, participated in inventory demand planning, and delivered valuable insights to clients through margin analyses, driving a 15% improvement in financial performance.• Collaborating seamlessly with external partners on audits, and sales tax functions, ensuring alignment with compliance standards. Oversaw 1099 and sales tax filings, maintaining a rigorous focus on compliance.• Exemplified best practices in accounting processes per GAAP, actively collaborating with team members to analyze and optimize both internal and external processes.

Ottawa, On, Ca

Deliverr, Inc (Acquired by Shopify):• Drove Deliverr, Inc’s accounting operations and month-end-close prior to Shopify acquisition.• Within the first month at Deliverr, identified and resolved a $385K discrepancy in financial statements, enhancing accuracy and addressing a previously overlooked issue.• Developed and implemented new vendor policies, reconciliation processes, and cost-tracking reports within two months at Deliverr, achieving a 15% increase in accuracy and operational efficiency.Shopify:• Exceeded expectations as the primary liaison for the Shopify acquisition integration effort, including due diligence correspondence, historical data true-up, opening balance reconciliations, and accounting system integration.• Oversaw accounting functions, close processes, and financial reporting for 3 international subsidiaries.• Resolved a critical $2M discrepancy in accounts payable, mitigating significant financial risks.• Exceled as a decisive leader and supportive mentor by providing staff accountants with guidance and support.

New York, Ny, Us

• Oversaw global daily cash position, identified opportunities to reduce transactional costs related to treasury operations, managed foreign exchange exposure, and improved global cash management process.• Led month-end close and financial statements preparation to ensure timeliness and accuracy of financial reporting.• Provided managerial leadership, accounting knowledge and decision-making for accounting staff.• Worked closely with department heads to manage monthly departmental spending. Redesigned department budget reporting to improve departmental spending tracking.• Responsible for key corporate reporting such as return reserve analysis and customer deposit analysis.• Identified key trends and highlight critical variances, ensuring all material items were properly disclosed.• Examined all lease agreements and revamped accrued rent schedules to ensure accuracy and GAAP compliance.• Reviewed loan agreements and developed appropriate accounting treatments and schedules.• Improved the overall reconciliation process and cleaned the various balance sheet accounts.

New York, New York, Us

• Served as an Accounting Manager for two entities, including all aspects of financial reporting, close process, and accounting operations under strict deadlines. Managed books and upheld complete accuracy and precision for accounting treatment.• Championed improved processes across accounting operations, including complex intercompany transactions, automatic approvals, and European VAT tax recording and filing processes.• Ensured GAAP compliance, including leading crucial projects including implementing ASC 842 lease accounting standards, establishing accounting treatment for capital lease in NetSuite module, and other accounting aspects as a subject matter expert.• Handled in-depth financial analysis and delivered keen insights across variances through financial statements.• Assisted with the preparation of financial statements.• Managed crucial areas in month-end close, including global intercompany consolidation, COGS accruals and monitoring, software capitalization, deferred rent, deferred revenue, and more. • Accomplished post-acquisition integration and established the accounting operations for the merged entities. • Drove elevated performance of staff accountant and integrated training program to expand efficiency by 20%, excelling as a decisive leader and supportive mentor. • Exceeded expectations as the main liaison for government authorities regarding all financial statements. • Improved AP accuracy by capturing 99% of errors, managing AP and PO process, determining GL accounts for new vendors, and coaching staff accountant and bridging communication gaps. • Addressed complex accounting issues using ingenuity and excellent technical acumen.• Maintained SOX compliance by preparing SOX documentation, facilitated multiple audits, and represent the finance department to present new hire orientations.• Supported NetSuite integration, budgeting development, and other key initiatives; negotiated copier leases and cut fixed spending by 30%.

• Oversaw all facets of daily accounting functions including general ledger maintenance, AP/AR, credit cards, cash flow management, revenue recognition, journal entry posting, and accruals, for multiple entities.• Collaborated with the accounting team in the management of the monthly closing process to ensure timely and accurate financial reporting. • Prepared and reviewed financial reporting package including consolidated financial statements, revenue and expense analysis, variance analysis, and balance sheet reconciliations. • Reduced error rate by 10% by continuously focusing on improving efficiency and accuracy in reporting.• Researched and determined appropriate accounting treatment of special items such as ASC 606 revenue recognition, subleases, financing agreements, and business combinations. • Assisted in implementing intercompany accounting policies, procedures, and consolidated financial statement presentation for multiple entities.• Worked closely with Ernst & Young auditors during year-end audit processes.• Maintained investor relations and coordinated all tax queries.• Evaluated internal controls and identified areas in need of improvement. Worked with department heads and staff to develop and implement operating procedures to enhance internal controls, resulting in a 15% reduction in breach of internal controls. • Assigned appropriate tasks to team members, track progress, and encourage achievement of desired objectives. • Improved team performance through regular training and continuous monitoring, resulting in a 10% decrease in error rate.

• Worked on a consulting basis with a variety of companies to build, supplement, and restructure their accounting and finance functions. Clients included Artsy, Bonobos, and Harry’s, among others.• Cultivated relationships with domestic and international clients, and ensured a quick turn-around time for their requests for information. • Worked with CFO on budget variance to track performance by departments. • Managed month-end close and prepared financial statements. • Analyzed financial statements for unusual transactions and trends. • Prepared revenue recognition schedules and entries, and managed payroll entries and credit card reconciliations. • Maintained prepaid expense amortization schedules and entries for more accurate measurement of asset and expense account balances. • Researched and applied new GAAP regulations regarding lease accounting and whether to capitalize construction expenses.• Automated a process that saved the company 2 days in month-end close cycle.• Redefined expense reports based on input from clients, which resulted in increased use of reports.

• Acted as controller of accounting department in the regular controller’s absence. Discussed financial goals and strategies with CEO daily. • Optimized cash position by minimizing outstanding receivables and decelerating cash payments while maintaining good relationships with customers and vendors. • Negotiated and established payment plans with vendors.• Prepared financial statements and managed month-end close to ensure all transactions were posted/reflected on reports. • Maintained A/P and A/R account balances and performed A/P and A/R analysis for consistency with vendor statements.• Consolidated tax payment and arbitrated payroll benefits (i.e. pension and FSA) to ensure accuracy of records.

• Reconciled bank accounts in two accounting systems to assist in the regular monitoring of the firm’s cash flow.• Maintained records of journal entries and generated checks to present a complete representation of the organization.• Executed inter-affiliate company reconciliation to verify the accuracy of financial transactions. • Worked with several international payment systems to post transactions and commissions. • Created various consolidated financial reports for internal and external use. • Posted checks for commissions, segment fees, airline incentives, and refunds.

• Coordinated various monthly and weekly payroll functions for 200+ employees. • Prepared the stock options that were earned by sales personnel as bonus compensation.

Master Of Science (M.S.), Accounting

Bachelor Of Science (B.S.), International Business

Artificial Intelligence: Implications For Business Strategy

Artificial Intelligence: Implications For Business Strategy

Artificial Intelligence: Implications For Business Strategy

Artificial Intelligence: Implications For Business Strategy