Business Object
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LILY WU
CSPO®
Columbia,MD
Summary
Analytical and intuitive Fund Administration professional, with strong background in investment operations, fund accounting and transfer agent oversight. Earned reputation for efficiently meeting deadlines and managing high profile projects from start to close. Highly motivated and goal oriented in design, development and implementation of new processes with agile mindset.
Quote
Success today requires the agility and drive to constantly rethink, reinvigorate, react, and reinvent
Bill Gates
Overview
7
7
years of professional experience
5
5
years of post-secondary education
5
5
Certifications
1
1
Language
Work History
Senior Fund Accountant
T. Rowe Price
02.2021 - Current
- Improve client fund daily and monthly processes to meet business needs and maximize operational success
- Review documents and accounts for discrepancies and resolved variances
- Partner with internal and external stakeholders on account inceptions and termination
- Identified process gaps and opportunities to develop new procedures to improve business efficiency with built in controls for risk mitigation
Assistant Vice President
Legg Mason (transition Franklin Templeton)
Baltimore, MD
01.2018 - 02.2021
- Managed high profile projects of moderate/high complexity such as fund events (fund launch, liquidations, mergers, in-kinds) and proxies. Led transitional projects by collaborating with multiple teams across the firm
- Streamlined review process and enhanced quality control of significant trades from intermediaries. Provided advance notifications to portfolio managers to allow effective cash flow allocations
- Trained service providers and new team members to deliver high impact decks for the senior leaders. Assembled reports and performed data analysis to support management decision making
- Performed review of financial reports (QE statements, capital call statements and distribution notices) for complex offshore fund
- Developed and implemented automation workflows for oversight processes by taking initiatives in departmental digital transformation
- Partnered with Legal and Product teams in review of Mutual Fund Prospectus and Statement of Additional Information
- Attended vendor due diligence meetings to discuss business requirements & deliverable, operational and policy changes
Fixed Income Mutual Fund Specialist
T. Rowe Price (transition Bank Of New York Mellon)
Owings Mills, MD
01.2014 - 01.2017
- Performed daily accounting work across multiple systems ensuring record keeping data is accurate; prepared and reconciled daily working trial balances
- Calculated daily NAV for various mutual fund portfolios (exposed to municipal bonds, high yield, swaps, options, FX etc.) in accordance with established procedures and regulatory controls
- Released accurate cash availability to the trade desk by computing and verifying cash movements from capital activities
- Communicated and reconciled position/cash discrepancies with custodians and internal teams (Corporate Action, Pricing, Trade Support, and Portfolio Accounting) to resolve operational, valuation and accounting issues.
- Prepared month end closing activities (shares recon, market value, costs) and released fund information for financial reporting
- Provided over-sight activities on cash and position exceptions by leveraging critical thinking and researching skills
- Final review of daily fund accounting works to ensure accurate calculation and release of portfolio Net Asset Value
- Acted as SME and coordinated with all levels of the firm to provide requested information to auditors
- Partnered with Legal and Compliance team to determine taxability of gain/loss realized from debt restructuring (cashless roll, repricing etc.) by reviewing credit agreements and lender’s presentations pertaining to the amendment
Education
Bachelor of Science - Financial Economics
University of Maryland - Baltimore County
Baltimore, MD 01.2010 - 05.2014
Bachelor of Arts - Psychology
University of Maryland Baltimore County
MBA -
Robert Smith Business School
09.2021 - Current
Skills
Fund Accounting
Software
Alteryx
MySQL
JIRA
Wall Street Office
Bloomberg
Certification
Certified Scrum Product Owner
Timeline
MBA -
Robert Smith Business School
09.2021 - Current
Senior Fund Accountant
T. Rowe Price
02.2021 - Current
Assistant Vice President
Legg Mason (transition Franklin Templeton)
01.2018 - 02.2021
Fixed Income Mutual Fund Specialist
T. Rowe Price (transition Bank Of New York Mellon)
01.2014 - 01.2017
Bachelor of Science - Financial Economics
University of Maryland - Baltimore County
01.2010 - 05.2014
Bachelor of Arts - Psychology
University of Maryland Baltimore County
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