Summary
Overview
Work History
Education
Skills
Work Preference
Certification
Timeline
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ANTHONY WALLACE

San Francisco,CA

Summary

WWW: Bold Profile SUMMARY Forward-thinking senior executive and financial leader with technical accounting and financial reporting experience concentrated within Financial Services, specifically the Real Estate Industry. A financial and accounting chief officer with a deep understanding of macro and fundamental real estate dynamics gained over many market cycles. A team and task-oriented, analytical leader and problem solver who believes in working in a cooperative manner across functional lines to identify workable and cost-effective solutions to management problems and opportunities in both growth and retrenchment environments. Financial Services Executive with unparalleled experience across every major Real Estate asset class, Investments held within public and private platforms & exposure in virtually every major market around the world.

Overview

22
22
years of professional experience

Work History

Chief Financial Officer / iCap

Enterprises, LLC
Bellevue, WA
01.2020 - Current
  • ICap") is a Registered Investment Advisor ("RIA") located in the Pacific Northwest who uses both national and international market expertise to source, evaluate, and execute acquisitions through the creation of various legal structures and investment vehicles including publicly registered, private equity funds and private credit platforms (collectively the “Funds”) for investing real estate, real estate related assets and portfolio companies partnered with for implementing more sustainable and inclusive operations (collectively the “Investments”)
  • Developed and maintain continuous oversight of Corporate, the Funds and Investments accounting and finance groups, financial reporting and compliance functions, construction projects & property operations and compliance, including a collective team of approximately six direct reports and thirty total subordinates
  • Perform the initial evaluation of investment opportunities across the spectrum of various real estate related investments, and determined appropriate execution across strategies, regions, and sectors as markets and cycles evolved
  • Responsible for maintaining Corporate compliance with the accurate and timely dissemination of financial management reports including
  • Corporate, Investment and Fund internal and external financial statements, annual audits, all periodic and transactional required SEC filings, regulatory and compliance reporting
  • Developed and implemented the internal policies and procedures regarding the coordination and preparation of the monthly, quarterly and annual consolidated financial statements, including consolidated account analyses, general ledger reconciliations, recurring and initial journal entries for both existing, newly formed legal entities (including Funds, special purpose vehicles, and joint ventures)
  • Responsible for all US GAAP and IFRS technical accounting research, regulatory compliance and financial reporting
  • Responsible for the preparation, compliance and filing of all SEC filings (including but not limited to Form 10-K, Form 10-Q, Form 8-K
  • Form S-1, Form S-11) including debt and equity securities offerings, confirming compliance with US GAAP, PCAOB standards and all necessary SEC disclosures and regulations for an SEC registrant, plus management of all compliance reporting for related credit facilities and
  • RIA compliance filings
  • Project lead related to the implementation of the firm's ERP system ("Acumatica") to automate and manage core business processes, systems, data, and to enhance operational value for optimal performance
  • Ensure execution of organization initiatives, including ESG and sustainability initiatives, and adherence to policies and procedures as
  • Summary Skills Experience appropriate for both the Funds and Investments
  • Worked with Institutional Investors and lending institutions to ensure the Funds adapt to an optimal capital structure while maximizing Net
  • Asset Value
  • Identified both challenges and opportunities present in the real estate and fixed income markets resulting from the impact of banking stress, the weighted average cost of capital and economic uncertainty to identify Investments with more realistic outlook for growth, rents and inflation.

Chief Financial Officer (Principal)

BGN LLC, BGN Properties
San Francisco, CA
01.2018 - 01.2020
  • LLC, was formed for the purpose of owning, developing, and operating a portfolio of Industrial, PDR (Production
  • Distribution & Repair) use, office properties and either the sale of or ground up construction for several land parcels located in San Francisco and in Northern, CA
  • The most recent completed project includes the successful and innovative repurposing of the San Francisco Gravel Co after 135 years of operations located at One DeHaro
  • The One Deharo development resulted with a $500 Million office building located in downtown San
  • Francisco known as “SOMA”, known as “One DeHaro”, the “Project”
  • Performed detailed financial analysis, due diligence, underwriting and valuation review, location and sub-market research, contract, and lease negotiations regarding selection of a joint venture partner for development, entitlement, capitalization, asset and property management services and tenant selection
  • Frequently met with the City of San Francisco Planning Department regarding obtaining approvals of the development Project, starting with the Planning Applications and moving through to the PDR Business Plan
  • Structured, negotiated, and executed construction and permanent financing terms after evaluating several multinational lenders, potential equity investors, and other forms of financing to appropriately structure the capitalization and the proforma, sources and uses, as well as the projected operating budget of the Project
  • The project is the first mass timber building in San Francisco to use cross-laminated timber (“CLT”), and the first multi-story CLT building of its type in California.

Senior Vice President of Finance

Penny Mac Mortgage
Westlake, CA
01.2015 - 01.2018
  • Responsible for the preparation, compliance and filing of all SEC filings (Forms 10-K, Forms 10-Q, Forms 8-K, Forms S-3, Forms
  • S-4) including secondary debt and equity securities offerings, confirming compliance with US GAAP, PCAOB standards and all necessary
  • SEC disclosures and regulations for two SEC registrants (Large Accelerated Filers), plus management of all compliance reporting for 17 credit facilities
  • Responsible for development and oversight of the SEC accounting group and SEC reporting functions for the company, its public REIT and a mortgage banking subsidiary (portfolio included residential loans with approximately $180 Billion of UPB) and a publicly held mortgage real estate investment trust (with approximately $200 Billion of UPB)
  • Analyzed and assessed all GAAP technical research for complex accounting and reporting issues including, but not limited to, valuations, financial instruments, revenue recognition, assets and associated liabilities held for sale and discontinued operations, VIE analysis and consolidations, goodwill, impairment, purchase price analysis, M&A, stock-based compensation and loss contingencies
  • Responsible for identification and implementation of SEC rules, regulations, and compliance requirements including Amendments to SEC
  • Paragraphs Pursuant to SEC Staff Accounting Bulletins, General Revisions of Regulation S-X, Changes in Internal Control over Financial
  • Reporting, and Critical Audit Matters
  • In charge of ensuring compliance with SEC and GAAP reporting requirements including evaluating the impact of recent and proposed pronouncements on financial reporting, XBRL and Sarbanes-Oxley requirements are met for relevant areas
  • Periodically developed and presented an outline to the executive team providing for the coordination, management and aggregation of disclosure information obtained from various groups within the organization of all required SEC and US GAAP financial statement and footnote disclosure, plus exhibits pertaining to financial results of operations and financial conditions
  • Conducted due diligence sessions detailing business, financial, and accounting considerations across the real estate, mortgage banking and structured products landscape.

Executive Vice President

WMD, Management, LLC
Santa Barbara, CA
01.2012 - 01.2015
  • WMD is a Registered Investment Advisor ("RIA") who managed several closed and open-ended funds (the “Funds”) registered under the
  • Investment Company Act of 1940
  • Engaged, negotiated terms and executed the initial agreements with a third-party administrator "SS&C Technologies" to handle the financial reporting aspect for the Funds, Seventy-Five Special Purpose Entities ("SPE's), the annual audit, the annual tax filings and Investor Reporting , plus a team of fifteen direct reports
  • Responsible for identification and implementation of SEC rules, regulations, and compliance requirements including Amendments to SEC
  • Paragraphs Pursuant to SEC Staff Accounting Bulletins, General Revisions of Regulation S-X, Changes in Internal Control over Financial
  • Reporting, and Critical Audit Matters
  • Periodically developed and presented an outline to the executive team providing for the coordination, management and aggregation of disclosure information obtained from various groups within the organization of all required SEC and US GAAP financial statement and footnote disclosure, plus exhibits pertaining to financial results of operations and financial conditions
  • Conducted due diligence sessions detailing business, financial, and accounting considerations across the real estate, mortgage banking and structured products landscape
  • Investments held by various SPE's included preferred equity positions in real estate commercial properties or real estate portfolio's, mezzanine loans secured by or a direct ownership interest in commercial real estate pools of distressed debt, plus structured products
  • Responsible for the quarterly and annual financial statements for the Company or the holding corporation and the consolidation of each of its subsidiaries that the company operates and controls
  • Conducted due diligence on potential litigation liability and its implications on the business enterprise valuation
  • In charge of all US GAAP accounting issues and related financial reporting conclusions, SEC filings and compliance, internal valuations and the firm’s external valuation process.

Senior Manager

Real Estate Assurance / PricewaterhouseCoopers, PWC
Boston, MA
01.2002 - 01.2012
  • Key clients included: Boston Properties, Blackstone, American Realty Advisors, Fidelity, State Street, AIG, JP Morgan, Goldman Sachs
  • Fremont Realty Capital, Stockbridge Capital Group, AEW Capital Management, Shorenstein Properties, ING Clarion, Divco West Group
  • MMA Financial, New York Life (McMorgan), Franklin Street Partners and Berkshire Corp
  • Performed US GAAP technical research and proposed solutions for complex technical accounting and reporting issues including, but not limited to, Accounting Standards Codification (“ASC”) 360 Property Plant and Equipment, ASC 970 Real Estate-General, ASC 842 Leases
  • ASC 810 Consolidation, ASC 718 Compensation - Stock Compensation, ASC 815 Derivatives and Hedging, ASC 820 Fair Value
  • Measurements and Disclosures, ASC 825 Fair Value Option, ASC 610-20 Gains and Losses from the Derecognition of Nonfinancial Asset
  • ASC 606 Revenue from Contracts with Customers, ASC 835-20 Capitalization of Interest, Topic 205 - Presentation of Financial Statements
  • Topic 220 - Income Statement—Reporting Comprehensive Income, Topic 480 - Distinguishing Liabilities from Equity & Equity - Topic 505
  • Reviewed and prepared both transactional and periodical SEC-filed public documents, (Form 10-K, Form 10-Q, Form 8-K, Form S-1, Form S- Form S-11, Form S-4, Form S-8, Form N-2 and Form N-1) including Initial and Secondary (debt and equity securities) offerings and requirements, confirming compliance with US GAAP, PCAOB standards and all necessary SEC disclosures and regulations including Rule 3-and Rule 3-14 of Regulation S-X
  • Led multiple engagement teams in numerous industries to obtain comfort with management and its report on Internal Controls over Financial
  • Reporting (“ICFR”) containing its assessment of the effectiveness of ICFR as of the end of the most recent fiscal year in its annual report and included relevant Certifications of Disclosure in Exchange Act Periodic Reports
  • Assisted in developing, documenting, and managing the due diligence procedures on behalf of numerous institutional asset managers for their private equity (open-end, closed end and separate account) funds and their related investments
  • Analyzed and assessed the reasonableness of private equity & venture capital client's internal and third-party valuations and all related assumptions for individual properties (office, retail, multifamily and assisted living), property portfolios, financial instruments, whole loan portfolios, senior, subordinate, mezzanine and construction debt and preferred equity positions secured by interests in commercial real estate
  • INTERNAL INITIATIVES
  • Subject matter expert on accounting considerations within the context of ASC Topic 820 Fair Value Measurements and Disclosures (“ASC
  • Topic 820”) and during the years 2008 - 2011 was deemed PwC's west coast assurance industry leader regarding real estate fair value accounting, concepts and reporting matters including all closed and open-ended funds
  • Researched, wrote and developed white papers and trainings related to: The adoption of FASB Interpretation No
  • 46 Consolidation of Variable Interest Entities now incorporated into ASC Topic 810
  • IFRS / US GAAP accounting and reporting differences
  • Joint IASB / FASB "convergence" projects
  • Developed and taught both internal and external courses including continuing education courses related to auditing valuations, fair value accounting and reporting, 404 and PCAOB compliance, audit strategy and execution, SEC reporting and regulations.

Education

Bachelor of Science - Economics

University of San Francisco
05.2002

Skills

Real Assets and Financial Assets
Public & Private Real Estate Investment Trusts (REITs)
Registered Investment Advisors (RIAs)
Financial Accounting Standards Board (FASB)
US GAAP Accounting Practices and Financial Reporting
Securities and Exchange Commission (SEC) Financial Reporting and Compliance
Internal Controls over Financial Reporting & PCAOB Compliance
Financial Reporting and Accounting for Real Assets and Financial Assets, Infrastructure and Alternative Investments held by Asset Managers or RIAs
Large Accelerated, Accelerated, Non-Accelerated, Smaller Reporting Company, Emerging Growth Company
Hedge Funds, Publicly Registered and Unregistered Funds, both Private & Public Equity & Credit platforms (PE, VC, Real assets, Debt, Fund of Funds, Master Feeder, Secondaries)
IPO Preparedness, Initial and Supplement Prospectus
International Accounting Standards (Financial Reporting and both Domestic and International Subsidiary / SPV Consolidation issues)

SEC Reporting and Compliance related to Real Estate Acquisitions and Properties Securing Mortgages
Registered Closed-End Funds, Business Development Company’s, Interval Funds
Initial & Secondary (Debt & Equity) offerings and requirements, Registration Statements and Proxy Statements, SEC Compliance and Corporate Restructuring
Real Asset Financial Modeling
Current and former Member of NCREIF, NAREIT & GIPS (formerly AIMR)
Fund and Investment Performance Analysis
Financial Projections, Planning, Analysis and Fund / Corporate Oversight
CRM Software and Enterprise Resource Planning (ERP)
Cloud-based real estate accounting and investment management software
ERP implementation and changes for M&A, initial public offerings, headquarters relocation, shared service initiatives, business model shifts, and new management
Environment, Social, Governance (ESG)

Work Preference

Work Type

Full Time

Work Location

On-SiteRemoteHybrid

Important To Me

Company CultureCareer advancementHealthcare benefits

Certification

Certified Public Accountant

Timeline

Chief Financial Officer / iCap

Enterprises, LLC
01.2020 - Current

Chief Financial Officer (Principal)

BGN LLC, BGN Properties
01.2018 - 01.2020

Senior Vice President of Finance

Penny Mac Mortgage
01.2015 - 01.2018

Executive Vice President

WMD, Management, LLC
01.2012 - 01.2015

Senior Manager

Real Estate Assurance / PricewaterhouseCoopers, PWC
01.2002 - 01.2012

Bachelor of Science - Economics

University of San Francisco

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