Financial Accounting

Michael London

Morris Plains, NJ ***** *********@***.***

201-***-**** LinkedIn.com/in/Mike17888

Senior Finance Executive

Process Improvement Financial Reporting Internal Controls

Senior Executive with career success in driving change to improve finance operations and enterprise-level technology applications. Thoughtful and deliberate leader, demonstrating expertise in global financial consolidations and reporting combined with an ability to contribute to creating meaningful financial strategy. Change agent able to transform operational procedures and programs through the implementation of best practices and deployment of technical solutions. Committed to the identification and mitigation of risk in financial reporting processes, with a proven track record of driving improved financial performance and control. Champion in sharing knowledge and skills across teams and throughout the organization.

Areas of Expertise

Global Financial Consolidations and Reporting • Change Management • Business Transformation

Financial Control • Continuous Process Improvement • Operational/Finance Risk Mitigation • SOX Compliance

Process Automation • Regulatory Compliance • Financial Reporting/GAAP • Post-Merger Technology Integration

Professional Experience

JPMORGAN CHASE & CO. – New York, NY and Jersey City, NJ 1997 – 2020

Vice President – Firm-Wide Financial Accounting & Reporting

Broad expertise honed through the performance of a variety of senior level roles within Corporate Financial Reporting.

Directed the global month-end financial GAAP consolidation process and reporting, including inter-entity control, for a world-class financial institution. Administered and ensured the integrity of corporate financial reporting activities supporting the regulatory and financial results of the firm.

Developed and implemented significant process improvements between the consolidations system, reference data operations, and general ledger technical support.

Designed improved financial reporting strategies and strengthened or implemented dozens of internal controls working as integral part of cross-functional teams.

Critical subject matter expert supporting the multi-year implementation of strategic technology initiatives to create a global general ledger and consolidation system (based on SAP and BPC).

Acted as subject matter expert for Regulatory Reporting in the development and production of multiple key regulatory reports. Improved transparency of source to target data elements for reporting.

Conducted the development of the Emerging Risk Data Collection process implemented by the FRB in response to COVID-19.

Directed significant contributions in SOX compliance, Excel user tools, and expanded use of reporting tools, improving processes and saving hundreds of FTE hours.

Improved interactions with internal and external auditors, leveraging knowledge and reporting expertise to ensure information was provided clearly, quickly and efficiently.

Career Highlights:

Supported five high profile mergers and acquisitions. Navigated the firm’s month-end consolidation and reporting processes through significant transitions, ultimately building a financial institution with assets of more than $3 trillion.

Implemented multiple process and control improvements in each role, leveraging enterprise-scale technology (BPC and EPM) as well as PC based tools (Microsoft Office, Excel, and Word). Examples include:

oDeveloped reporting frameworks and techniques that were used repeatedly as each wave of entities migrated onto the global general ledger and consolidation system.

oCreated a de-facto helpdesk, leveraged by EPM report users around the world to rapidly identify, address and resolve reporting issues.

oBuilt a highly efficient inter-entity flash report for senior management using Excel and EPM.

Improved quality and effectiveness of financial reporting by designing, developing and implementing multiple new reports and processes to keep pace with rapidly changing accounting, legislative, and regulatory requirements.

Strengthened internal controls, including many SOX key controls, and month end processing functions.

Offshored operational activities including reconciliation processes to increase efficiency by leveraging the time zone difference, streamlining processes which resulted in significant savings to the enterprise.

Developed and improved the document maintenance and controls for the consolidation and financial statement disclosures as required by Sarbanes Oxley section 404.

Directed the monthly collection, validation and presentation of critical financial data for reporting to senior management and JPMorgan Chase shareholders for a $3 trillion institution, comprised of almost 1,000 reporting entities.

Led legal entity controllers and business controllers in gaining consensus with the goal of shortening the month-end closing process by two days, and then actively partnered with technical and business teams to ensure successful implementation.

EARLY CAREER

CULPEPER CONSULTING GROUP – New York, NY

Integrated the global, enterprise-wide financial consolidation and reporting processes of Chase Manhattan and Chemical Bank following the merger of these two institutions.

MORGAN GUARANTY TRUST CO., New York, NY

Treasury management and financial reporting, including accounting for trading and investment portfolios, controllership of a futures brokerage operation, consolidated financial reporting, forecasting.

Career Highlights:

Developed and implemented significant cost cutting programs, first 25% then 10%

Successfully managed general ledger operations for over 55 reporting units

Activated disaster recovery plan and seamlessly maintained general ledger processing during a week-long power outage

Produced annual budgets for six departments (120 people, $41 million)

Managed the firm-wide financial consolidation and reporting function for more than 120 sites

Designed management accounting and controls for a start-up financial futures broker, and assumed controllership for the venture

Developed and implemented accounting and reporting policies to comply with early GAAP for financial instruments and derivatives hedging

Shortened coupon interest collection period and recovered $4 million in delinquent interest by enhancing controls and interdepartmental procedures

Developed accounting and reporting procedures for $3 billion multicurrency investment portfolio; cash and derivatives positions included U.S. and foreign government securities, state and municipal securities, various money market instruments, futures, forwards, and options

TECHNOLOGY & SYSTEMS SKILLS

Hyperion, Advanced Microsoft Excel (Add-ins, VLOOKUPs, Pivot Tables) and Word, SAP Business Planning and Consolidations (BPC), Enterprise Performance Management (EPM)

EDUCATION

Master of Business Administration (MBA), Finance and Banking, Pace University

Bachelor of Business Administration (BBA), Public Accounting, Bernard M. Baruch College, CUNY

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