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Wade
Ang

Wade Ang is an experienced financial strategist of 15 years.

Wade Ang began his 15-year career in finance operations by working at American Savings Bank and then First Hawaiian Bank in Honolulu in 1996. As an Investment Specialist, he worked directly with clients to set reasonable goals, made product and service recommendations, and closed over $2 million in sales. The next year, Wade Ang attended the University of Hawai’i at Mānoa to attain his Master of Business Administration, which he completed in 1999.

Before moving to the mainland, Wade Ang served as a Contract Specialist for the U.S. Air Force at the Hickam Base in Hawaii. He evaluated, analyzed, and requested contract proposals worth up to $1.5 million.

In 1999, Mr. Ang made a lateral career move to San Francisco to begin work in financial reporting and managing operations at such high-growth corporations as BoxLot.com and Esurance. A manager of close process, budget variance analysis, and internal policies, Wade Ang gained a wealth of experience while actively contributing to these companies. Upon moving to San Mateo to become a Director of Finance at Siperian (currently Informatica Corporation) in 2005, Wade Ang held responsibility for an entire finance team in performing due diligence for a $100 million potential acquisition, working with such departments as legal, mergers and acquisitions, and investment banking.

Wade Ang leverages his financial savvy and collaboration-based leadership style on a daily basis at his current post as Director of Financial Planning and Analysis at NComputing in Redwood City. Successful in a $28 million round of venture capital fund-raising, responsible for making monthly board presentations, and having frequent direct communication with the CEO and CFO, he consistently supports the corporate team and the enterprise goals.


Wade Ang's Schools

Wade Ang's Companies

  • NComputing 2007 - Redwood City, California
    Director of Financial Planning and Analysis
    • Develop company operating plan and monthly board financial presentation • Responsible for performance-to-plan analysis and report variances to Exec team and the BOD • Develop and maintain forecast models, key metrics and performance indicators (KPI) • Support CFO/CEO in investor information request and ad hoc analysis • Perform transfer-pricing analysis to mitigate international tax liabilities • Assist in annual external audit • Key member of cross-functional team and partner with various team on executing strategic initiatives • Assist in one VC fund raising round of M and two venture debt rounds of M • Primary Finance interface with worldwide Sales team and deliver weekly Sales Flash/Forecast report to Exec team and regional sales GM/VPs • Implemented Cloud9 Pipeline Analytics (Sales Pipeline Management App), OptionEase (Stock Options System), and Intacct (Cloud-Based Accounting System) Responsible for company's planning, reporting, and analysis funciton Implemented Intacct cloud-based software to help Accounting team streamline closing process. Developed and maintained company operating plan model. Implemented OptionEase to help HR keep track of employee stock options. Helped Sales streamline Salesforce processes and implemented Cloud9 sales pipeline management tool to increase forecast accuracy.
  • Siperian 2005 - 2007 - Foster City, California
    Corporate Controller/Director of Finance
    • Responsible for finance and accounting functions including revenue recognition, cash management, financial planning and analysis, executive dashboard and board financial reporting • Assist in defining and developing company operating and strategic plans. • Support sales, preparing incentive compensation plan and sales commission statements. • Support Professional Services, implemented QuickArrow Professional Services Automation (PSA) system and maintain services metrics. • Direct and manage external audit with Big 4 accounting firm. • Led finance team in a month long due diligence process in a 100M potential acquisition by working with investment bankers, potential acquirer’s M&A team, and legal counsel. • Ensure proper software revenue recognition in accordance with SOP 97-2. • Evaluate and recommend business insurance coverage for proper protection against potential losses. • Steering team member and recommend corporate initiatives to executive management. • Oversee payroll and benefits function. • Implemented Equity Edge and served as company stock options administrator. • Expand and strengthen internal control policies and procedures. • Manage one staff and one contractor. Responsible for entire Accounting function - Improved closing cycle by 200% from ~15 days to 5 days - Increased DSO by 100% from 90 days to 45 days - Achieved superior audit results (audited by PwC) and reduced audit time by 100% from 3 months to 1 1/2 month - Implemented QuickArrow PSA (acquired by Netsuite) to increase billing accuracy and overall service margin
  • Esurance 2000 - 2005 - San Francisco, California
    Assistant Controller
    • Managed monthly, quarterly and annual financial close process. Streamlined closing time from 10 to 5 business days after 3 months of assuming overall responsibility for close process. • Consolidated financial statements and assisted in segment reporting for 10Q and 10K. • Prepared and filed property and casualty statutory annual statements for two insurance companies. • Prepared detailed combined ratio report for senior management, providing them with an overview of key business trends for easy decision-making, and financial package for quarterly BOD meetings. • Coordinated independent audits with Big 4 accounting firm and triennial state financial examinations. • Assisted in annual planning and budgeting process and provided department managers with actual-to-plan analysis. • Project lead for financial system conversion and implementation. Successfully implemented Freedom Enterprise GL and Annual Statement system in 3 months. • Implemented FRX financial reporting system to automate reporting process, allowing management to easily “drill down” on financial details. • System administrator for chart of accounts, system controls, GL allocations, intercompany rules, etc. • Assisted with Sarbanes-Oxley (SOX) implementation and compliance; managed internal control policies/procedures and documentation. • Recruited and developed 5 staff members. - Responsible for all internal and external reporting function - Responsible for Esurance Insurance Companies Statutory Accounting operations - Streamline closing time from 10 to 5 business days - Built Esurance's Insurance Accounting operation from ground up and successfully filed Annual Statements for 2 Insurance Companies. - Implemented Freedom Enterprise ERP and FRX
  • Hobby Markets / BoxLot 1999 - 2000 - San Francisco, California
    Accounting/Operation Manager
    • Produced month, quarter and year end close, prepared financial statements, and performed actual-to-budget variance analysis. • Managed payroll processing including accurate and timely submission to ADP. • Served as HR liaison and employee benefits administrator. • Implemented an aggressive collections campaign to reduce aged accounts receivables by 30%. Set up the entire administrative/finance function for the company.

Wade Ang's Publications

  • The Basics of Transfer Pricing Analysis, by Wade Ang
    December, 2012
    For the past four years, Wade Ang has served as Director of Financial Planning and Analysis for Redwood City, California’s NComputing. In this role, Ang fulfills numerous responsibilities for the computer technology firm, including making monthly reports to the board of directors, developing key metrics and performance indicators, and implementing new computer programs. Another important area Wade Ang involves himself in is transfer pricing analysis, which he performs to decrease the company’s global tax liability.

    During a transfer pricing analysis, accountants review the transactions made between one company to a subsidiary or affiliate in a different country to see if pricing meets the guidelines of the Internal Revenue Service and other tax- and income-related government groups. These deals must be at an “arm’s length,” meaning that the prices of the goods must remain similar to what two independent business might value them at, regardless of the actual relationship between the parties. The government uses a comparable profits method to determine whether the selling company is taking fair advantage of favorable tax laws when setting costs. Transfer pricing research also enables accountants to find ways to help their employers operate more efficiently. Because more than half of all trade occurs across borders, it behooves companies to invest in transfer pricing analysis and learn about international tax law.