Summary
Overview
Work History
Education
Timeline
Generic

LIXIA LI

Hayward,California

Summary

Over 15+ years of combined public accounting and industry experience. Experience includes external reporting, technical accounting, financial operations management. Proficient in QuickBooks, SAP, QAD, NetSuite, SQL, SAP concur, ADP, Carta, Equity Edge, Salesforce. An effective, motivating leader who can manage multi-tasks in time-pressed working environment and possesses team building ability and critical-thinking skills.

Overview

16
16
years of professional experience

Work History

Assistant Controller

RefleXion Medical, Inc
01.2020 - 02.2022
  • Oversee accounting functions including close, procurement and payment, financial reporting, product costing, treasury, payroll, equity and 409A valuation, tax filings
  • Report to CFO and work closely with CFO on financing, budget and forecast, corporate insurance coverage and policies
  • Own quarterly audit committee board meeting presentation package
  • Own monthly financial reporting package
  • Researched and drafted accounting memos including debt financing, lease adoption, pre-launch inventory, asset retirement obligation, and revenue recognition
  • Drafted and implemented company policies including procurement, travel & entertainment, concur and corporate credit card, sales commission/bonus, overhead cost and allocation
  • Implemented QAD inventory/product costing, Order-to-Cash, and QAD upgrade within one quarter timeframe for commercialization readiness
  • Implemented auto-payment.

Assistant Controller

RefleXion Medical, Inc
01.2019 - 01.2020
  • Oversee accounting functions including close, procurement and payment, financial reporting, product costing, treasury, payroll, equity and 409A valuation, tax filings
  • Report to CFO and work closely with CFO on financing, budget and forecast, corporate insurance coverage and policies
  • Own quarterly audit committee board meeting presentation package
  • Own monthly financial reporting package
  • Researched and drafted accounting memos including debt financing, lease adoption, pre-launch inventory, asset retirement obligation, and revenue recognition
  • Drafted and implemented company policies including procurement, travel & entertainment, concur and corporate credit card, sales commission/bonus, overhead cost and allocation
  • Implemented QAD inventory/product costing, Order-to-Cash, and QAD upgrade within one quarter timeframe for commercialization readiness
  • Implemented auto-payment.

Director of Accounting

Universal Health Services (“UHS”), Prominence Health Insurance Plan
01.2017 - 01.2018
  • Managed external audits (four entities' GAAP financial and statutory SSAP financial audits)
  • Managed state audits (DOI and TDI)
  • Participated in CMS audits
  • Ensured timely and accurately statutory filings with NAIC, State, and CMS
  • Oversaw premium billings, AP, fixed assets, payroll and statutory accounting functions
  • Developed and established accounting policies & procedures and internal controls
  • Improved accounting process
  • Developed & mentored staff
  • Provided and presented financial results and variance & trend analysis monthly
  • Led projects including AP automation, IT financial reporting projects
  • Participated in and collaborated with cross-functional projects
  • Modified/revamped financial reporting package to provide strategic financial decisions.

Corporate Accounting Manager

Coupa Software (“COUP”)
01.2016 - 01.2017
  • Managed and oversaw the daily operations of the accounting department
  • Managed month-end, quarter-end, and year-end closes
  • Established accounting policies and procedures
  • Researched current accounting pronouncements
  • Assisted with external audits
  • Developed and trained staff
  • Prepared financial statements and drafted 10Q/10K schedules and footnote disclosure.

Corporate Consolidation Accounting Manager

The International Game Technology (“IGT”)
01.2012 - 01.2016
  • Supported 20+ international subsidiaries and reviewed financial statements to ensure in accordance with US GAAP and IFRS
  • Provided the accounting training and guidance to the foreign subsidiaries’ staff
  • Developed and mentored four direct reports
  • Prepared/reviewed entries related to the external debt and investment, foreign currency hedging program and interest rate swap, revenue recognition, inter-company profit elimination, transfer pricing, capital contribution & distribution, dividends, and treasury stock repurchases
  • Prepared 10Q/10K consolidated cash flow statements including 65 global entities and footnote disclosures and presented cash flow results and flux analysis to senior management
  • Prepared financial information for SEC quarterly & annual reports, and footnotes included in these reports
  • Participated in cross-functional projects including acquisitions and deconsolidation
  • Conducted technical accounting research and drafted the accounting guidance which were applicable to IGT.

Audit Senior Lead

The University of Vermont
01.2010 - 01.2011
  • Planned and executed various audits (Operational and Compliance) and investigations
  • Established COSO framework for various departments.

Tax/Audit Consultant

Gallagher Flynn & Company
01.2008 - 01.2010
  • Prepared and reviewed tax filings including individual, C and S corporation, partnership and foreign entities
  • Prepared and reviewed tax provision
  • Calculated foreign tax credits and R&D credits
  • Performed financial audits and provided consulting services relating to design & implementation of internal controls and financial statement preparation.

Audit Senior Assistant

Deloitte & Touche, AERS
01.2006 - 01.2008
  • Performed financial audits for publicly traded companies and privately held entities ranging from technology, software, manufacturing, and health care
  • Performed internal control testing (Sarbanes Oxley) for public companies
  • Performed quarterly reviews and employee benefit plan audits.

Education

Master of Accounting (MAcc) -

The University of Oregon
01.2006

Timeline

Assistant Controller

RefleXion Medical, Inc
01.2020 - 02.2022

Assistant Controller

RefleXion Medical, Inc
01.2019 - 01.2020

Director of Accounting

Universal Health Services (“UHS”), Prominence Health Insurance Plan
01.2017 - 01.2018

Corporate Accounting Manager

Coupa Software (“COUP”)
01.2016 - 01.2017

Corporate Consolidation Accounting Manager

The International Game Technology (“IGT”)
01.2012 - 01.2016

Audit Senior Lead

The University of Vermont
01.2010 - 01.2011

Tax/Audit Consultant

Gallagher Flynn & Company
01.2008 - 01.2010

Audit Senior Assistant

Deloitte & Touche, AERS
01.2006 - 01.2008

Master of Accounting (MAcc) -

The University of Oregon
LIXIA LI