Kelvin Lai
Chief Accounting Officer @Venbrook
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WORK HISTORY
Chief Accounting Officer @Venbrook
Los Angeles, CA, US
Lead accounting, financial reporting, payroll, tax compliance and audit functions for the Venbrook group of companies with over $120 million in revenues and 20+ reporting entities. Manage divisional controllers, onshore staff plus outsourced team in India.• Streamline month-end & consolidation processes to accelerate closing by over 50% with improved accuracy.• Lead integration and purchase accounting for seven acquisitions which doubled the revenues of the company in one year. Manage 3rd party valuations for acquisitions and goodwill impairment test.• Lead Workday FDM implementation.• Successfully led the Company\'s ASC 606 and ASC 842 adoption.• Develop and oversee policies and procedures consistent with the Company’s financial objectives to support long-term growth strategies, cost effectiveness, and GAAP compliance.• Evaluate and reengineer financial and operational processes to improve efficiency and profitability.• Work closely with key leaders on the Company’s various transformative projects.• Manage companywide and subsidiary audits and interface with auditors on key issues and requests.
EDUCATION
Indiana University Bloomington
MBA, Finance
The University of Hong Kong
B.Sc., Industrial Engineering
SKILLS
ABOUT KELVIN LAI
A tech-savvy finance executive with exceptional analytical and quantitative problem-solving skills. Over 25 years of experience in leading Finance, Accounting, Strategic Planning, Human Resources, Risk Management, Information Security and IT functions of hyper-growth startups and global corporations. A hands-on doer with intense focus on optimizing business performance, and a strategic thinker with excellent track record in transforming the finance organization and driving efficiency across the company through continuous improvement, smart metrics and digital transformation. Active CPA and Top 5% graduate from a Top-tier MBA program, avid reader and lifelong learner.Background in Industrial Engineering and Manufacturing; AWS Certified Cloud Practitioner; Microsoft Certified Systems Engineer and Database Administrator. Specialties: Oversight of all accounting functions, GAAP/IFRS, audit coordination, tax compliance; merger and acquisition; private equity, partnership & fund investment reporting, cap table, 409A; banking relationship, treasury management, debt and equity financing; budgeting, forecasting & strategic planning; ERP system implementation & process automation; SOC, ISO compliance and IT management.
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