Accounting Management

KARL E. LAO

PHONE 973-***-**** • E-MAIL ********@*******.***

W ORK E XPERIENCE

Barclays Capital New Business / Collateral Controls Analyst

Collateral Management Dept. Aide with the daily support of all reporting and reconciliations for all Dodd Frank and EMIR requirements

Regulatory / New Business

Assist in the preparation of all top level and compliance reporting to all front office personal

New York, NY

Communicate with both middle office and product valuation groups to resolve all regulatory breaks

Jan. 2014 to Present

Spearhead application of new top-level exposure break management system globally Responsible for the

setup all new collateral accounts in exposure system

Monitor all daily collateral controls (ie. Eligible collateral, collateral pricing, collateral / concentration rules)

Review all pertinent legal documentation for all accounts (ISDA, CSA, MFSTA)

Work in tandem with all business teams (Feed and Data, Collateral, Onboarding, Legal) to ensure validity of

all customer collateral transactions and accounts

Evaluate all collateral procedures in determining changes for improving internal controls and efficiency

Hedge Fund Accountant

KLS Diversified Asset Mgmt.

Reviewed all accounting and reporting operations for the assigned entities/funds including daily cash

Accounting / Operations Dept.

New York, NY

reports, valuations, monthly accounting packages, financial and capital statements

May 2008 to June 2013

Provided administration for various security types including equities, bonds, options, foreign currency

forwards, futures, bank debt, credit default swaps, equity swaps, interest rate swaps, and Contracts for

Difference

Closed month-end accounting books, prepared financial statements and delivered within service level

deadlines

Involved in training sessions on investment accounting, product knowledge, daily processes and

procedures, and implementing controls

Provided direct support to both CFO and COO in meeting current & future business deadlines, planning &

scheduling of daily work, staff evaluation and training

Worked with the development team to improve and create efficiencies to our in house so ftware used for

fund accounting

Monthly functions included review & reconciliations of cash, holdings, accruals & monthly NAV

preparation package for client delivery

Liaised with the implementation group & various prime brokerage/OTC counter parties on the setup of

new funds & reporting connectivity

Responsible for process improvements, automation and streamlining procedures to maximize efficiency

and accuracy of reporting and process flows

Served as the contact between investment managers, administrators and auditors

Spearheaded for the setup and maintenance of all facilities and securities in operating & accounting systems

Reviewed daily and monthly all recs (cash, position, pending accruals) from administrator to resolve all

differences

Collaborated with auditors and administrator to facilitate completion of audit in a timely matter

Responsible of the daily maintenance and due diligence of all managed accounts

Aided in the implementation of systems, reconciliation protocol and process flows of a start-up hedge fund

Communicated with attorneys, vendors and counterparties to ensure proper set up for launch

Consultant

Aristeia Capital LLC

Responsible for the completion of audit and year end financial statements

Accounting / Ops. Dept.

New York, NY

Communicated with traders, prime brokers and administrators to ensure the integrity of books and records

Nov. 2007 to April 2008

Performed daily cash / trade adjustments, journal entries and transfer of funds between accounts

Coordinated daily payments and receipts of collateral of all entities of hedge fund

Organized and sustained daily upkeep of SWAP unwinds, assignments and advices

Assisted in daily cash management (prepared wires, monitored collateral requirements, assured timely

settlement of derivatives fees, reconciled cash activity at EOD with custodian banks)

Centrecourt Asset Mgmt. Controller (Interim)

Accounting Dept. Responsible for the maintenance of the portfolio accounting system and the filing status of all restricted

New York, NY

securities

Dec. 2006 to Sept. 2007

Communicated with auditors, prime brokers and administrators for daily issues and month end activities

Coordinated the monthly invoices of unpaid collectables and maintain records of all final deal documents

Organized and arranged the distribution of portfolio reports to upper management

Calculated monthly Net Asset Value of Fund including incentive / management fees

Supported investor relations team with ad hoc deliverables

Senior Fund Accountant

Millennium Partners, LLP

Accounting Dept. Prepared balance sheets and income statements on a monthly basis in order to determine the traders’ p&l

New York, NY

Maintained general ledger; reconciled balance sheet and the bank statements for month end purposes

June 2006 to Sept. 2006

Performed daily reconciliations with prime broker for all underlying funds

Developed the financial statements for the quarter end

Organized and arranged the distribution of management reports for analysis of daily expenses and

performance

Senior Fund Accountant

Goldman, Sachs & Co.

Maintained primary portfolio, accounting and taxation records for a variety of onshore and offshore hedge

Fund Administration

fund partnerships and corporations, trading in all types of products to ensure timely valuations for each

Princeton, NJ

March 2001 to June 2006 client

Calculated the monthly Net Asset Valuation of hedge funds; Using both multi-series and equalization

approaches

Processed investor subscription and redemption activity

Worked closely with clients in order to develop good relationships to ensure that expectations were met

Responsible for maintaining and reporting monthly capital activity including calculation of management and

incentive fees, income allocation and confirmation of capital contributions, redemptions, and distributions

Assisted auditors in the preparation of year-end audits, financial statements, and tax returns of fund

Prepared fund performance reports including annual summaries and weekly return estimates

Recorded and monitored clients’ income and expense accruals

Allocated gains and losses amongst investors and calculated accrued management and performance fees

Liaised with hedge fund managers, prime brokers, custodian and investors to resolve issues with fund and

coordinate the payment of fund fees and expenses

Financial product exposure includes equities, bonds, corporate and bank debt, private equity, options,

futures, forwards, spots, repurchase and reverse repurchase agreements, residential and commercial

mortgage backed securities, credit default swaps, interest rate swaps, total return swaps, equity swaps

Worked in tandem with auditors in planning process walkthroughs while aiding in the high level analysis of

the evaluation and testing of the effectiveness of the financial controls and reasonableness of the financial

statements

Assessed the company’s control environment, significant flows of transactions and their surrounding

controls, while identifying inherent business and fraud risks of firm

Compiled and issued management letter comments

Sustained corporate action diligence and management of funds

Client Reporting Consultant

Goldman, Sachs & Co.

Responsible for the daily audits and maintenance of a Japanese hedge fund with assets over $1 billion to

Prime Brokerage

New York, NY ensure the timely delivery of reports

Nov. 1999 to Feb. 2001

Aided in the reconciliation of consumer accounts between mainframe and real time accounting systems

Supported in the implementation, conversion, and departmental upgrade of the portfolio accounting system

Worked with client representatives and technology professionals to research and correct accounting errors

Generated and documented daily procedures and schedules in order to assist in the training and

comprehension of the systems and daily reports

Developed and automated products used to expedite daily responsibilities and process flows

Performed daily cash / trade adjustments, journal entries and wire transfers for clients

Updated client databases to sustain integrity of accounts and monitored consumer margin requirements

Created customized reports and portfolio statistics to portfolio managers and the product group for use in

client meetings, potential client pitches and portfolio analysis

Developed reporting tools closely with IT that streamlined firm-wide accuracy and efficiency

Financial Analyst / Financial Leadership Development Program Candidate

Johnson & Johnson

Responsible for the assembly and maintenance of the annual operation budget, quarterly forecasts, and

Finance Dept.

Raritan, NJ monthly analyses for each business unit of the pharmaceutical division

Jan. 1999 to Sept. 1999

Managed the functional and capital forecast expense levels of the four operating divisions within the

company, which total approximately $275 million.

Investigated and resolved payment inquiries, assisted in reconciliation issues, maintained a customized

contract database and recovered funds due to the company

Spearheaded implementation of forecast for the business plan for all functional divisions of company

Communicated and interacted daily with executive business partners in order to resolve pending issues

Participate in weekly meetings with fellow business partners to better assess clients’ needs

E DUCATION Rutgers, The State University of New Jersey, Newark, NJ

Bachelor of Science, Finance: December 1998

G.P.A: 3.40/4.0

Dean’s List: 1996 ~ Financed 70% of college expenses through part-time and full-time employment

INTERNSHIPS Morgan Stanley Dean Witter, Broad National Bank, Development Bank of Singapore

COMPUTER MS Windows, MS Office, WordPerfect Suite, Lotus 1 -2-3 (Windows Version), VBA, MS DOS, GENEVA,

InvestOne, Apollo, SPECTRA, Cool Application, Mainframe, Management Payment & Receipt System

(MPRS), POOL Application, Offshore Fund Software (OFS), & Global Treasury Offshore System (GTOS);

Epicor Application, Imagine Application, FRX System, Bloomberg, Wall Street Office (WSO), Clearpar, Trade

Settlements Inc. (TSI) DTCC, Ice-Link, Marketwire, Intralinks, Syntrak, Morcom, Hudson, Jira, TriOptima,

Exposure Manager, Exposure Break Management tool (eMX)

VOLUNTEER Habitat for Humanity, Free Arts Fest, Public Color, Junior Achievement, Red Cr oss Children’s Free Arts Day,

NJ High School All-Stars, Mock Interviews for NJ Seeds, Work Experience for Woman Rising & NJ Cares

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