DAVID POWERS CPA
acgcjy@r.postjobfree.com
EXPERIENCE
David Powers CPA (self-employed), Brooklyn, NY
Owner/Certified Public Accountant, January 2014 – P resent
Offered accounting and outsourced CFO services to small and medium sized businesses
Prepared individual and small business tax returns and provided tax planning advice to a variety of clients
Maint ained a variety of certifications including Quickbooks Pro Advisor
Worked on forensic accounting projects and provided litigation support to attorneys
Sylebra Capital Management, Hong Kong
Chief Financial Officer, Chief Compliance Officer, July 2011 – August 2013
Responsible for all non-investment aspects relating to the l aunch of a global, Asia focused Long Short TMT E quity Fund
Work closely with counsel on PPM/Offering Documents, Advisory Agreements and Management Agreements
Manage all compliance requirements with SFC (Type 9 License) and SEC (Exempt Reporting Advisor)
Design and manage all processes to monitor short disclosure reporting in various markets, t rade flows, allocations, settlements, NAV
reconciliations and investor subscriptions/redemptions as well as design all reporting systems utilized for daily and monthly reporting
Implement Portfolio Management System, with two PBs, two FAs, ISDA counterparties and integrate with EMS
Responsible for all interactions with Fund Administrators, Prime Brokers, Investors, Auditors, Managed Accounts and other counterparties
Manage execution trader and oversee daily P&L reporting, sourcing of stock borrows and trade break reconciliation
Turiya C apital, Hong Kong
Head of Finance, October 2009 – December 2010
Took lead on all Finance and Accounting related matters for a successful launch of a global, Asia focused Long Short Equity Fund
Actively involved in the selection, implementation and day to day use of all systems including EMS, PMS and GL.
Work closely with counsel on PPM/Offering Documents, Advisory Agreements, Management Agreements, Participation Agreements
Actively involved in selecting service providers including Prime Brokers, Fund Administrator, Auditor and Tax advisors
Keep accounting records for four corporate entities and manage cash and accounts payable
Detailed understanding of operations including settlement, corporate actions and daily reconciliations with prime brokers
Extensive participation in investor due diligence meetings
DKR Oasis (Hong Kong) LLC, Hong Kong
Director, Global Taxation, October, 2007 – October, 2009
Work closely with General Counsel and CFO to implement processes in order to run the organization in a more efficient manner
Independently manage all US and foreign tax matters for funds, corporate offices and principals of the organization
Manage all aspects of SPVs in the Netherlands, Luxembourg, Mauritius, Cyprus and Cayman Islands
Liaise with outside accountants, tax preparers, legal counsel and counterparties worldwide
Manage transfer pricing and revenue allocation among corporate offices in US, London, Hong Kong, Tokyo, Singapore and Israel
Participate in various committees relating to deal review and new jurisdiction approval
Supervise corporate accountants to ensure proper production of financial statements, cash management, record keeping and cost control
PricewaterhouseCoopers, LLP, New York, NY
Tax Senior Associate - Investment Management, January, 2004 – October, 2007
Maintain client relationships with high profile hedge funds and private equity firms
Supervise associates and independently research and solve complex tax problems
Review partnership agreements, incorporation documents, debt instruments and fee agreements to determine legal structure of investment
platforms
Experience with hybrid instruments and the tax implications of notional principal contracts, futures, forwards and other derivatives
Prepare and review federal and state partnership tax returns including analysis related to foreign reporting and state apportionment
Extensive knowledge relating to complex treaty structures including but not limited to PFIC and CFC rules
EDUCATION
Pace University, New York, NY
Masters of Science, Taxation, May, 2006
GPA: 3.5/4.0
Monmouth University, West Long Branch, NJ
Bachelor of Science, summa cum laude, Accounting, January, 2004
GPA: HONORS: Deans List (all semesters)
3.9/4.0
Member, Lambda Sigma Tau (Academic Honor Society)
Member, Beta Gamma Sigma (National Business Honor Society)
LICENSES
Certified Public Accountant (New York)
Licensed Real Estate Salesperson (New York)