Accounting Project

YU (Alexander) Chen

***** **** ****, ******* *******, NY 11364 + 347-***-**** +

**********@*****.***

FINANCIAL PRODUCTS ANALYST and CONTROLLER

Financial Product Analyst and Controller with demonstrated background in

Fixed Income Securities, Swaps and Commercial Lending. Strong at process

improvement, project implementation, automation. Deep knowledge of visual

basic application, financial controls and reporting. Ability to analyze

current processes and recommend improvements and efficiencies in cost

effective manner.

Key Skills & Experience

Process Improvement ? Project Management ? Financial Controls ? Financial

Analysis

Risk Assessment ? Loan Reconciliation ? Fixed Income Securities ?

Commercial Loans

Financial Reporting ? IT Coordination ?SWAPS ? Collateral

Experience

BAYERISCHE LANDESBANK (BAYERNLB), New York 2001 - 2014

Assistant Vice President - Credit Risk Control and Collateral

Administration (2008 - 2014)

Developed Access Database to facilitate the $20 billion loan portfolio

analysis (Corp, Project Finance, Real Estate, and Public Finance) and

various reports based on OCC and management requirements, and reduced 80%

processing time

. Monitored in-house credit rating upgrades/downgrades and prepared loan

facility movement report

. Automated and reconciled loan facility details and general ledger

monthly balances. Identified and documented discrepancies on

individual customer level.

. Modified database and finished $3 billion Interbranch lending

breakdown in two days after OCC's request

. Designed, and automated IFRS 7 report with Access Database, reducing

report error rate from 10% to 0.1%

. Interacted with IT and Accounting for capturing loan details in new

external database

. Registered credit applications into systems, verified loan collateral

entries, documented WatchList reports, and worked with Accounting for

special loan loss provision

Assistant Vice President - Accounting Department (2001 - 2008)

. Developed migration strategy, created the account schemas for

transferring 1,100 Fixed Income securities ($20 billion portfolio,

including Corp, US treasury, ABS, MBS, CMBS, CDO, etc.) to Summit from

MIDAS

. Created and documented test plans and test results in UAT cycle for

the completeness of transaction life cycle

. Provided German Accounting Logic to IT with program algorithm,

completed this data extract in two weeks, and the data extract became

the benchmark to verify the accuracy of the project

. Reprogrammed VBA code in Access Database for Mark-to-Market rule

change during financial crisis, ensuring the latest market price and

impairment information captured on time in accounting reports

. Generated the Mark-to-Market valuation for Swaps (Plain Vanilla, Cross

Currency, TRS, CDS), Fix Income Securities, and Financial Futures with

Excel VBA while reducing product control expenses by $700k

. Automated bank reconciliation process for middle office reducing

process time from three hours to 10 minutes

. Analyzed, reconciled, and automated accounting P&L between IFRS and

German accounting results eliminating external auditor's comment on

this issue year over year

. Generated fixed income securities' profit and loss based on IFRS and

German accounting standard

. Monitored daily economic profit and loss on fixed income securities.

Investigated and explained large P&L fluctuations to Head office

DEUTSCHE BANK, Jersey City, NJ 2000 - 2001

Financial Specialist - Pension Service Group

MITSUI & CO, USA, INC., New York 1997 - 2000

Financial Analyst - Finance Department

Education

New York University (Leonard N. Stern School of Business)

Bachelor of Science in Accounting and Finance (1997)

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