MICHAEL EASTER
Fort Mill,SC
Summary
Detail Oriented Finance Analyst with over 25 years experience providing support to Sr. Leadership at Investment Banks. Adept at providing management reporting packages analyzing balance sheet and profitability risk. Leveraged technology to enhance controls and efficiency in financial statement reporting, month end close, and management reporting.
Overview
7
7
years of professional experience
Work History
Lead Financial Accountant
Wells Fargo & Company
Charlotte, NC
06.2022 - Current
- Identified business requirements, designed accounting configuration, and conducted UAT testing for Broker Dealer Broadridge System of Record.
- Examined technical accounting concerns and offered advice to finance teams, ensuring alignment with GAAP guidelines.
- Configured accounts, tested workflows, and provided operational guidance on GAAP changes for various security product categories.
- Spearheaded process design for rapid resolution of discrepancies between Broadridge SOR Trial Balance and corporate General Ledger.
- Accounting Lead for Wells Fargo Securities Europe system conversion, ensuring ~$575 million in monthly trades complied with derivative accounting standards.
- Managed operational accounting flow on Wells Fargo Securities Europe Legal Entity, monitoring riskless principal trading compliance, submitting enhancements, and streamlining cash processes.
- Created and deployed daily CUSIP netting entries logic and automation across legal entities, reducing daily balance sheet usage by $1.5 billion to $2.5 billion.
- Assisted UAT testing, moving approximately $2 billion of securities lending assets from SIMCORP SOR to Broadridge GPTM for Wells Fargo Bank International.
- Implemented affiliate accounting consolidation on non-regular way trading accounts across all Broadridge System of Record legal entities.
Senior Risk Analytics Consultant
Wells Fargo Securities
Charlotte, NC
05.2020 - 06.2022
- Built analytical reports through excel models and SQL showing trends in RMBS Yields and Settled Balances used for month end commentary
- Subject Matter Expert on 24.4 10K reporting, fielding questions from external and internal audit and Senior Management
- Provided Close Period Trading Revenue commentary on Agency RMBS desks averaging $65mm in quarterly revenue.
- Utilized advanced SQL and Excel functions to build a report to show MBS Account Receivable activity to substantiate commentary on balance sheet movement at settlement cycles.
- Leveraged advanced SQL and excel to build a model to forecast yields and net interest income on MBS from turnover metrics
- Enhanced Controls and Processes for 15.61 Statement of Cash Flows reporting at Quarter End.
Lead Adv Finance Analytic Consultant
Wells Fargo and Company
Charlotte, NC
06.2018 - 05.2020
- Led firm-wide effort to transition Independent Pricing Verification from Product Control to IPV for all cash securities on the Broker Dealer.
- Managed 3 associates covering 7 lines of businesses and approx $36.6BB in securities for price verification
- Ensured accuracy of desk marks at month end, Balance Sheet completeness, and engaged third party vendors on pricing methodologies
- Constructed Pricing Packages and led monthly pricing meetings with Desk Heads and Market Risk for the CMBS, ABS, RMBS, and Credit Desks
- Assembled monthly Alternative Procedures Memos for testing the One Vendor, No Vendor, Unchanged Price, and Zero Price Cash Populations averaging approximately $8BB market value
- Developed valuation testing policies, procedures, and playbooks for all 30 cash product types across the firm
- Wrote detailed commentary and in certain cases adjusted firm books and records on positions that breached monthly tolerance levels
- Analyzed aggregate Firm variances by product and testing approach and provided detailed commentary where appropriate
Education
B.S - Business Administration, Accounting
Winthrop University
Skills
- SQL Server Management Studio
- MS Office
- VBA
- Hyperion Essbase
- Cross-functional teamwork
- General Ledger Systems
- Financial Modeling
- Regulatory and SEC Reporting
- GL reconciliation
- Regulatory Compliance
- Financial reporting
- Risk analysis
- General ledger accounting
- Financial analysis and planning
Timeline
Lead Financial Accountant
Wells Fargo & Company
06.2022 - Current
Senior Risk Analytics Consultant
Wells Fargo Securities
05.2020 - 06.2022
Lead Adv Finance Analytic Consultant
Wells Fargo and Company
06.2018 - 05.2020
B.S - Business Administration, Accounting
Winthrop University
Similar Profiles
Mutombo YomboMutombo Yombo
Correspondence Agent at Wells Fargo & CompanyCorrespondence Agent at Wells Fargo & Company
Lillie KingLillie King
Premier Phone Banker at Wells Fargo & CompanyPremier Phone Banker at Wells Fargo & Company
Thomas DeBesseThomas DeBesse
Branch Banking Region Executive at Wells Fargo & CompanyBranch Banking Region Executive at Wells Fargo & Company
RONALD L. TATE, JR.RONALD L. TATE, JR.
Executive Director- Head of Supplier Diversity & Sustainability at WELLS FARGO & COMPANY (WFC)Executive Director- Head of Supplier Diversity & Sustainability at WELLS FARGO & COMPANY (WFC)
Rajesh KatanguriRajesh Katanguri
Project Test Manager at Hexaware Technologies IncProject Test Manager at Hexaware Technologies Inc