SEE WAI PARSHOTAM, CPA
*** ** **** ****** 650-***-**** (cell)
San Carlos, CA 94070
Email: abkwug@r.postjobfree.com
PROFESSIONAL HIGHLIGHTS
I am a highly qualified professional from the Big-4, with more than 15
years of accounting and finance experience in high technology and biotech
industries. An effective manager with proven experience in building and
managing an accounting team, timely financial reporting, implementation of
ERP systems, including Oracle Financials 11i and Softrax, expertise in
Sarbanes Oxley compliance, SEC reporting, revenue recognition and
international consolidation.
Strong interpersonal and communication skills, with the ability to work
cross-functionally with other departments within the company as well as
externally with bankers, auditors and board members.
PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS
July 2010 - Consultant, Good Technologies, Inc., on a project basis.
Present
Jan 2009 - Corporate Controller, Kabira Technologies, Inc.
June 2010 A software company that delivers high performance transaction
processing software for global enterprises, with international
subsidiaries in Europe and Asia. Reported to the CFO and
responsible for month end close, international consolidation,
revenue recognition, risk management, treasury, taxation and
cash management. (Kabira was acquired by Tibco Software, Inc.
in April 2010).
Managed an accounting team of 7 in the day-to-day operations of
Accounts Payable, Accounts Receivable, Payroll, Fixed Assets,
Revenue, Stock Options, General Ledger and International
Consolidation.
Managed all monthly, quarterly and year end closings including
coordination of year-end audits, corporate tax filings and
preparation of quarterly packages for board meetings.
Cash and expense management, including cash flow forecasts for
liquidity needs, financial planning and annual budgeting.
Revenue recognition using SOP 97-2 and 81-1, and stock options
reporting through OptionEase.
Key Achievements:
Directly involved in the due diligence work that resulted in
the acquisition of the company by Tibco.
Implemented the sales order and AR modules for the ERP system,
resulting in a more integrated, efficient and accurate
reporting process to the GL.
Replaced stock options application Equity Edge with web-based
OptionEase.
Dec 2007 - Controller (consultant), BiPar Sciences (January 2009 to May
2009).
Dec 2008 A biotech company that excelled in the field of cancer therapy
through the development of a novel class of tumor-selective
drugs.
Reported to the CFO. Responsible for the coordination of the
annual audit and assisted the CFO with M&A due diligence.
The company was acquired by Sanofi-Aventis.
Project Manager, Zonare Medical Systems, Inc. (December 2007 to
December 2008)
A biomedical instrument company that manufactures ultrasound
systems.
Reported to the CFO. Responsible for evaluation and
implementation of a highly customized Softrax solution to meet
the company's needs for compliance with 97-2.
Oct 2005 - Corporate Controller, Yodlee, Inc.
Oct 2007 A software company that delivers innovative online banking and
financial applications for financial institutions, with
international subsidiaries in India and UK. Reported to the CFO
and responsible for month end close, international
consolidation, revenue recognition, risk management, treasury,
taxation and cash management.
Managed a 6-member accounting team in the day-to-day operations
of Accounts Payable, Accounts Receivable, Payroll, Fixed Assets,
Revenue, Stock Options, General Ledger and International
Consolidation, including the accounting operations of the India
subsidiary.
Managed all monthly, quarterly and year end closings including
coordination of year-end audits, corporate tax filings and
preparation of quarterly packages for board meetings.
Software revenue recognition in accordance with 97-2, SAB 101,
SAB 104 and EITF-0021.
Key Achievements:
ERP implementation of Oracle financials 11i, resulting in
shorter month end close cycles and improved accuracy in the
financial reporting process.
Streamlined the internal contract review process between the
legal, sales and finance departments, such that customer
contracts are written for maximization of revenue.
Mar 2003 - Assistant Controller, Ciphergen Biosystems, Inc.
Oct 2005 A publicly-listed biotech company with international
subsidiaries in Europe and Asia. Reported to the Corporate
Controller and managed a team of 4. Responsible for the annual
SOX compliance, SEC reporting, month end close, international
consolidation, revenue recognition, risk management, sales order
processing and cash management.
SOX compliance, reporting to the Audit Committee
Preparation of SEC filings for 10-Qs and Ks.
Revenue recognition in accordance with SAB 101, SAB 104 and
EITF-0021.
Managed the order entry team, review of sales quotes, invoicing,
collections, and revenue reporting at month end.
Key achievements:
Successful implementation of first year Sarbanes Oxley.
Assisted the CFO in securing revolving lines of credit with
bankers and issuance of $30 million in senior convertible notes.
Mar 2000 - Voluntary time off with family.
Feb 2003
May 1994 - Controller/Accounting Manager, GasTech Inc.
Feb 2000 A manufacturing subsidiary of Thermo Electron, a publicly-listed
$2 billion company. Reported to the President/CEO.
Managed a 6-member accounting team for Accounts Payable,
Accounts Receivable, Credit & Collections, General Ledger,
Payroll and Cost Accounting and a staff of 2 in Facilities and
IT.
Responsible for monthly financial close, completion of quarterly
reporting packages to the parent company, international
consolidation, cost accounting, cash flow, budgeting, taxation
and treasury.
Analysis of overhead and direct labor rates, standard cost
updates, analysis of PPV and WIP variances, and coordination of
annual physical counts.
Key Achievements:
Implementation of a manufacturing ERP system (Avante/Epicor),
resulting in corporate-wide operational efficiencies,
particularly in the analysis of gross margins for products and
improved accuracy in financial reporting.
Successfully negotiated the sale of office buildings.
May 1993 - Accounting Manager, Oracle Corporation
Dec 1993 Managed 3 accounting staff in the Channel Sales finance
department.
Responsible for timely and accurate reporting of channel sales
revenues (OEMs and distributors) and sales commissions to
corporate finance.
Sept 1990 - Audit Manager, KPMG in San Francisco and San Jose.
May 1993 Specialized in high-tech software companies in the Silicon
Valley. Also audited governments, real estate and health-care
companies.
June 1987 - Audit Senior, KPMG in Singapore.
Nov 1989 Performed financial audits for a variety of industries,
including banks, savings and loan companies, trading and
manufacturing, leasing and transportation companies.
EDUCATION & CERTIFICATION:
o Certified Public Accountant in State of California (1990)
o Bachelor's degree in Accountancy - National University of
Singapore
SOFTWARE EXPERIENCE:
o ERP systems: Oracle Financials 11i, MAS200 & MAS500, Great Plains,
Solomon, Navision, Macola, Avante/Epicor, Quickbooks.
o Others : Softrax (revenue recognition), Hyperion (budgeting,
forecasting)
o Stock Option reporting: Equity Edge, OptionEase, SVB Analytics CapMx.
o Microsoft Outlook, Excel, Word, PowerPoint, Visio.
language skills:
o Proficient in spoken and written Mandarin and Cantonese.