Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Jinat A. Shimu

Astoria

Summary

Dynamic Audit Principal at BDO with a proven track record in enhancing operational efficiency and leading diverse teams. Expert in SEC reporting and financial statement analysis, I drive project success while fostering staff development. Successfully improved engagement margins by over 5% through innovative automation and strategic client relationships.

Overview

22
22
years of professional experience
1
1
Certification

Work History

Audit Principal

BDO
New York
02.2021 - 06.2025
  • Provide client service and manage relationships, oversee client billing, management profitability, negotiate fees, and overages for various types of financial services companies (broker dealer, hedge funds, private equity funds, publicly traded REITs, closed ended funds, BDCs).
  • Collaborate with start-up financial services companies to implement infrastructure, processes, controls etc.
  • Utilize data visualization tools (ex. Power BI) to monitor budgeting and forecasting of book of business comprised of 10+ engagements.
  • Develop and implement artificial intelligence and process automation tools for execution of audit procedures.
  • Liaise with internal global team of valuation and tax professionals in establishing and implementing audits of complex products as well as fund structures that led to increase in operational efficiency and being able to share insights with clients resulting in tangible benefits.
  • Exposure to technical standards include: ASC 820 (fair value), ASC 815 (Derivatives and Hedging),ASC 480, (Distinguishing Liabilities from Equity), ASC 740 (Income Taxes), ASC 946 (Investment Companies), ASC 860 (Transfers and Servicing), ASC 230 (Cash Flows), ASC 810 (Consolidation), ASC 310 (Loans and Debt Securities Acquired with Deteriorated Credit Quality), ASC 825 (fair value option election), ASC 810 (Consolidation), ASC 260 (Earnings per Share) and various reporting requirements pursuant to SEC Regulation S-X. Researched U.S. Generally Accepted Accounting Principles and Securities and Exchange Commission, Regulation S-X for financial statements disclosure and consult client on various accounting treatments, compliance with current financial reporting standards and literature interpretations.
  • Review annual/quarterly SEC filings as well as registration statements (e.g. 10K, 10Q, S-1, N-1A, N-CSR).
  • Financial instruments exposure includes equity securities, fixed income securities, asset-backed securities, mortgage-backed securities, multi-family loans, residential loans, and student loans held in securitization trusts, various types of derivatives, investment in controlled portfolio companies, reinsurance products, claims, and various types of distressed securities.
  • Lead and coach teams of 30+ people located in different locations of the globe on audits of financial statements of variety of financial services clients including business developmental companies(BDCs), mutual funds (open and closed-end funds), hedge funds, fund of funds, private equity funds, management companies, and general partners of funds, brokers-dealers, publicly traded real estate investment trusts (REITs), Sarbanes-Oxley 404 audits.; improved engagement margins by 5+%; evaluate performance of junior team members.
  • Lead teams on initial public offerings (IPOs), public follow-on offerings and private debt capital raises including developing relationships with the investment bankers and lawyers for publicly traded REITs, closed ended funds, and BDCs.
  • Develop and execute audit plans for key audit areas such as valuation of complex financial instruments, capital allocations/activity, in-kind transfers, complex carried allocation/performance fees/fulcrum fees structure, mergers and overall review of financial statement disclosures, and audits of accounting system conversions. Enhance execution of audits through automation and improvements of existing workflows.
  • Progressive Career in Public Accounting

Ernst & Young LLP
New York
01.2014 - 02.2021

Grant Thornton
New York
12.2008 - 12.2013

DELOITTE.
New York
11.2005 - 09.2008

Tax Consultant

DELOITTE.
New York
10.2003 - 10.2005
  • Prepared partnership, S-corporation, individual, gift, estates and trusts tax return.
  • Assisted with developing tax planning advice for affluent individuals.
  • Conducted quarterly projection analysis for individuals.
  • Researched various federal and state tax laws and related tax issues using CCH.
  • Facilitated Deloitte’s effort to establish overseas subsidiary to provide services to U.S. clients.

Education

Bachelor of Business Administration - Accountancy, Anthropology

Bernard Baruch College (Zicklin School of Business), CUNY
New York, NY

Skills

  • Project Management
  • Exemplary Interpersonal Skills
  • Financial Statement Review and Analysis
  • SEC Reporting
  • Debt and equity offerings
  • Team Leadership
  • Staff Development and Training
  • Develop Thought Leadership/Training Materials
  • Recruiting
  • Valuation of Financial Instruments

Certification

  • NYS Certified Public Accountants (CPA)
  • Member of American Institute of Certified Public Accountants

Timeline

Audit Principal

BDO
02.2021 - 06.2025

Ernst & Young LLP
01.2014 - 02.2021

Grant Thornton
12.2008 - 12.2013

DELOITTE.
11.2005 - 09.2008

Tax Consultant

DELOITTE.
10.2003 - 10.2005

Bachelor of Business Administration - Accountancy, Anthropology

Bernard Baruch College (Zicklin School of Business), CUNY

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Jinat A. Shimu