ALLAN FOSTER JR

Cell 415-***-****

adde4k@r.postjobfree.com https://www.linkedin.com/in/investmentoperationsafoster

CLIENT FOCUSED DIRECTOR, SR. ANALYST or CONSULTANT

A battle tested, experienced, results driven, client focused financial services leader that consistently delivers by having a proactive hands-on problem solving approach. A project manager with digital asset and user experience in driving change/transformation while leading and motivating the team to put their best effort forward each and every day. Vast strong technical knowledge and expertise within the financial services, retail and real estate industry from start-ups to large firms. Hits the ground on day one and brings a can do attitude.

KEY SKILLS

Expertise/Niche

Asset Management

Blockchain

Consulting

Corporate Actions

Derivatives

Design Thinking

Equity & FX Trading

Financial Advisory

Financial Services

Individual & Corporation Taxes

International Securities

Management-Retail & HOA

Payroll

Retail & Real Estate Accounting

Functional

AML Compliance

Financial Reporting – Funds

Financial Statements – Funds

GAAP & Legal

GIPS Performance & Attribution

Investment Accounting

Investment Operations

Project Management

Regulatory Compliance

SEC & Regulatory Filings – Funds

System Implementations

Trade Payments & Settlements

Transfer Agency Operations

Systems/Software

Axys

Bloomberg

CMS BondEdge

Data Warehouse

Hyperledger Fabric

Investortools Perform

JIRA

Moxy

My State Street

SEI Trust 3000

SQL

SunGard

SWIFT

Zephyr

RECENT CERTIFICATION/TRAINING

Series 63 NASAA Uniform State Law Examination MA Producer’s Life Insurance Examination

Series 65 NASAA Uniform Investment Advisor Law Examination CTEC Registered Tax Preparer (CRTP)

IBM Blockchain Consulting Foundation Badge IBM Blockchain Consulting Essentials Badge

IBM Cognitive Practitioner Badge IBM Enterprise Design Thinking Practitioner Badge

The Weather Company Knowledge Foundation Badge Securities Industry Essentials (Series 7) Examination

PROFESSIONAL EXPERIENCE

GROWING WEALTH MANAGEMENT 2008 – Present

Financial Advisor, Preparer of Tax Returns (PTIN Active) & Financial Small Business Consultant

Current assignment: Richard Monroe, CPA as a tax preparer and consultant to 400 clients

Latest project: Client JMC Company - Controller/Business Consultant

Keep daily accounting books of 2 JMC Company Subway stores & catering business for last 13 months.

No accounting records had been kept for last 5 years prior to me taking on account. (due to owner death)

Responsibilities include weekly payroll, payables and receivables, represent the business on all matters directly from employees, vendors, landlords, Subway headquarters, MA meal tax, excise tax and employee taxes.

Financial advisor for individuals pertaining to managing investments, 401(K) accounts, tax returns, investment property and small business operations.

Other long-term consulting contracts on investment advisory matters with several small firms including Lumen Advisors LLC from August 2008 to January 2012, start-up firm UltraTick, Inc. from May 2012 to January 2013, Resources Global Professionals May 2012-December 2016., Jackson Hewitt Tax Service for a franchisee office in Waterbury. CT from March 2019 to November 2019. Also providing periodic consulting advice for Third Bridge clients and other online freelance consultancy websites including oDesk and Zintro.

As of February 6th, 2020 my composite track record for the last 5 years is 13.05% versus S&P500TR of 12.50% annualized, 3 years 18.93% versus index 15.71% annualized, 1 year 35.10% versus index 24.94% and YTD 2020 is 8.85% versus 3.71% for the S&P500TR.

PRO Unlimited Global Solutions Inc., Enfield, CT March 2019

Client MassMutual - Transformation Consultant - Contractor (3 week budgeted contract)

Role-Report to Transformation Office Finance Lead

Reviewed initiatives for increasing revenues or reducing expenses.

-Stage 2 Validate soundness of initiative, test business case on financial reasonableness, including validation of impact and timing.

-Stage 3 Validate the initiative based on 7 categories to ensure the initiative will deliver either increased revenues, decreased costs or both stated in the initiative $ wise or at very least an increased production efficiency of staff.

Recognized in an internal employee newsletter for efforts to the completion of stage 2 in a very tight deadline timeframe for the bottom-up planning of the $250 million 2020 firm transformation initiative at end of week two. Was able to also complete stage 3 on time in week 3 and within the budgeted cost.

Assisted employees to better understand the initiatives to help drive the realistic additional revenues.

IBM - GLOBAL BUSINESS SERVICES, Jersey City, NJ 2017 – 2018

Managing Consultant Capital Markets – Financial Services & Blockchain

Client GFTN – Blockchain Project Manager – Digital Cross Border Payments using Stellar Lumens via KlickEx a currency exchange service.

Reviewed project objectives with team, created and monitored budget on a monthly basis, filled staffing needs and made process improvement recommendations.

Created weekly status reports and lead those meetings.

Coordinated travel schedules and meetings, approved expenses and created the SOU with the client.

Established a repository for 16 prospective bank client questions to allow the proper answers to avoid numerous times a question was asked and time spent on finding that answer and for consistency.

Client DTCC – Blockchain Business Analyst – Payments and Settlements

Transformation project: Trade Information Warehouse (TIW) to Distributed Ledger Technology (DLT) blockchain platform for processing and clearing centrally cleared and OTC bilateral credit derivatives for the financial services industry. 15 global banks are currently testing the new platform with since fall 2018 with expectation of going live by second quarter 2019 to the financial services industry where the platform will handle approximately 98% of the world’s derivatives transactions.

Writing the business requirements for the numerous payment and settlement processing options required in stories for primarily the credit default derivative transaction types needed in several remaining scheduled scripts before testing rollout completed in first half of 2018.

Subject matter expert on derivatives processing who assisted in issues between the developers and the QA team in testing and to utilize earlier programming already created in earlier stories completed.

ASTON CARTER Agency, Boston, MA 2017

Client State Street Bank – Financial Reporting Manager - Contractor

Assignment: Reviewed the Canadian IFRS financial statements for BlackRock’s Mutual Funds and ETF’s and their NQ quarterly report filings.

MARCHON PARTNERS Agency, Boston, MA 2015 – 2016

Client Wellington Trust Company – Financial Reporting Analyst - Contractor

Reviewed 20 Commingled Trust Fund’s annual reports prepared by administrator.

Client Brown Brothers Harriman - AVP Financial Reporting Manager

Prepared and reviewed 39 annual reports of PIMCO non-Alt Funds.

Client Wellington Management Company - Senior Hedge Fund Analyst (reoccurring assignment)

Prepared, reviewed and responded to auditor questions on several onshore and offshore hedge fund financial statements and prepared CFTC filings.

Extensive review and reporting footnote disclosures including ASC 815 and 820 footnote for all types of derivatives.

Assisted group lead where needed to meet regulatory filing deadlines and proper accounting and recording of expenses for funds in liquidation.

LABUR PROFESSIONAL STAFFING, Boston, MA 2012 – 2014

Client State Street Bank/International Fund Services (NA) LLC

Role-AML Centralization and Transfer Agent Director - Contractor

Transfer agent operations director for 17 hedge funds clients for the 2nd largest administrator.

Rebuilt file and reviewed data for reporting filings for 13D, 13G and CFTC filings for hedge fund clients.

AML director of a new lean team overseeing 139 hedge funds clients’ new investors into the funds.

Over 6,000 new investors were reviewed in 1 year by the new team of 6 FTE’s.

Hands-on training of staff and others on the AML policies and procedures. Trained the team in how to AML authorize investors without needing to reach back out to the investor/client unnecessarily.

INDEPENDENT CONSULTANT Remotely FOR ALPHASIGHTS, New York, NY 2011 – 2017

Client McKinsey & Company – outside Contractor

Periodic SME phone consultation calls on specific topics in the financial services industry.

LUMEN ADVISORS LLC, San Francisco, CA – RIA Hedge Funds & SMA accounts, Start-up 2003 – 2008

CFO, CCO, COO & HR

Actively managed all operations of the business, including the finances of the firm. Oversaw human resource, legal matters, fund and firm compliance, soft dollar, personal trade compliance, currency FX and currency hedging trading, client meetings, presentations, RFP’s and third party vendor relationships of the firm and the funds.

Prepared, reviewed and filed SEC filings including ADV’s, 13B, 13D and 13G, updated prospectus filings, reviewed monthly NAV packages, capital allocation client statements, handled complex trade settlement issues and was the direct report for overseeing the initial SEC routine audit examination of the firm in 2008.

Strong analytical abilities and consistent track record to resolve issues quickly and in the best interest of the clients, the funds and the firm.

Oversaw the independent valuations of securities, corporate actions and reconciliations for all security types including numerous derivatives which many were complex, over the counter and held away from the main custodian.

Managed client relationships and developed a global prospect client list exceeding 1,000 contacts.

Never had a default of a portfolio investment, counterparty or firm obligation on my watch or an inaccurate valuation of a security in 5+ years with the firm.

Managed all human resource functions including payroll, hiring and firing, designed a company 401(k) plan and investment options, health benefits package and filing of the annual form SSA 5500.

WELLS CAPITAL MANAGEMENT INC., San Francisco, CA 1999 – 2002

Sr. Technical Advisor - Fixed Income Performance Attribution Analyst

Created the analytical tools for attribution and fund analysis for fixed income & international equity funds.

Built quantitative tools to better define the investment process for equity and fixed income fund products.

Software systems used and/or evaluated included Salomon Yield Book, Lehman Point, CMS Bondedge, Investortools Perform, Bloomberg, Wilshire Axiom, Zephyr, Advent, the accounting system Axys and Moxy.

Provided recommendations to improve performance including which portfolio managers to terminate and to bring in a new accounting system to replace Axys and the lead system under consideration was PAM.

Head of Investment Operations

Stabilized and grew operations department from 6 people to approximately 30 people over 18 months for a firm with over $100 billion in assets under management which included liquidity accounts, separately managed accounts and mutual funds covering all asset classes in equities, fixed income and derivatives.

Trained and developed inadequate staff and portfolio managers how to use Advent accounting, several members of the staff are still there today.

Created a performance department that included marketing literature that was GIPS compliant with reporting standards that are still in use today.

Directed the conversion, QA testing and monthly review of 1,500 accounts from SEI Trust 3000 to Advent Axys under very tight deadlines.

Project manager in the conversion of European local currencies to the Euro in 1999 on Advent Axys.

Created department handbook on fund accounting policies and procedures which included daily QC review for pricing, reconciliations, corporate actions and daily NAV calculations.

Drastically reduced trading errors and when they occurred to turn them into profitable trades.

Drastically reduced security settlement fails including international trades to less than 1%.

Selected as 1 of 5 star employees of the firm for the year 1999 with total employees of the firm over 100.

OPERATIONS SOLUTIONS INC., Walnut Creek, CA, Self-employed 1998 – 1999

Consultant – Investment Operations

Client Wells Capital Management – full time

Proactively managed the daily operations of the international investment team’s back office for the client.

Consulted on all matters of the client concerning investment operational issues and reported to one of the 9 senior members of the management committee of the firm.

CAPMAC INVESTMENT MANAGEMENT INC., San Francisco, CA

Vice President of Investment Administration

INVESCO LTD (formerly LGT Group), San Francisco, CA

Director of Fixed Income Compliance & Global Attribution Analyst, a promotion from

VP Fund Administration which followed a promotion from Fund Accounting Manager & Assistant Treasurer

BNY Mellon (formerly The Boston Company), Boston, MA

Fund Accounting Unit Manager

AMUNDI PIONEER ASSET MANAGEMENT, Boston, MA

Senior Fund Accountant

PUTNAM INVESTOR SERVICES, INC., Boston, MA

Fund Accountant

VACHON CLUKAY & CO. PC, Manchester, NH

Staff Accountant

WESTWOOD COVE HOA, Bay Point, CA

Property Manager

EDUCATION

BENTLEY UNIVERSITY, Waltham, MA

Completed 30 credits towards a Master’s of Science in Finance 3.1 GPA

B.S. in Accountancy & Associate in Management

CURRENT ASSOCIATIONS

Member of The Financial Executives Networking Group (The FENG) since 2003

Guest member of the CalCPA since 2003

Financial advisor, officer and a member of the Boston Lykeion Ellinidon, Inc. a 501(c)(3) organization

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