Randall Adam Wilson
Controller at Ivy Asset Group, LLC- Claim this Profile
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Bio
Credentials
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CPA
North Carolina State Board of CPA ExaminersMay, 2006- Nov, 2024
Experience
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Ivy Asset Group
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United States
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Investment Management
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1 - 100 Employee
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Controller
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Mar 2020 - Present
Supervised a team of 3-5 direct reports responsible for all general ledger activity and financial reporting for a $500M+ investment fund consisting of approximately 50 entities. Each entity was a strategic partnership with various alternative credit companies. Worked directly with these companies to deliver daily/weekly reporting and cash settlements. Managed the calculation and payment of monthly interest to approximately 300 investors. Was responsible for transitioning the entire accounting team from Savannah, GA to the current HQ, Charleston, SC. This included evaluating staff that would be retained, as well as recruiting replacement staff for the Charleston location. Managed all banking relations and treasury activity with approximately 20 banks. Responsibilities as Controller include• General ledger accounting – month end close, journal entries, accounting reconciliations;• Month-end and yearly financial reporting – Income statement, Balance Sheet, Statement of Cash Flows;• Monthly interest calculation and payment;• Worked directly with 3rd party CPA’s to prepare annual financial statements and tax returns, including annual adjustments;• Oversee A/R and A/P functions;• Prepare Bank Borrowing Certificates and related financial reports to obtain short-term financing;• Daily/weekly cash settlements with strategic partners;• Worked directly with CFO and financially analysts to manage and forecast cash flows to cover settlements, interest, and distributions;• Delivered ad hoc reporting to the ownership group as requested.
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Atlantic Coast Electric Supply
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United States
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Wholesale
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1 - 100 Employee
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Controller
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Oct 2017 - Mar 2020
Worked directly with Ownership and the senior management team to grow a startup electric supply distributor to $30 million/year in sales in approximately 18 months. Helped grow and standardize an almost non-existent accounting department. Direct contact with our lending bank for short-term financing for daily purchases. Also prepared compliance/financial reporting as required by the lendor. Managed all G/L accounting functions. Streamlined month end process from approximately 4 months to ten days. Supervised A/R and A/P functions, including improving days sales outstanding, days to pay suppliers, and inventory turnover. Worked in industry specific ERP (Solar Eclipse), including implementing 3 software add-ons for sales taxes (Avalara), credit card processing (Vantiv), and financial reporting/analysis tool (Phocas). Managed payroll process, worked with the 3rd party servicer, as well as taking on the human resources function; including payroll deductions, 401K elections, health care coverage, etc. Worked with insurance agents to secure employer provided healthcare, as well as general business liability, workers’ compensation, and auto insurance. Worked directly with owners to develop and monitor detailed strategic analysis metrics and forecasting. Responsibilities as Controller include• G/L accounting – month end close, journal entries, accounting reconciliations;• Month-end and yearly financial reporting – Income statement, Balance Sheet, Statement of Cash Flows;• Worked directly with 3r party CPA’s to prepare annual financial statements and tax returns, including annual adjustments;• Oversee A/R and A/P functions;• Work with Credit Manager and customers to improve collections cycle;• Negotiate favorable terms with preferred suppliers;• Prepare Bank Borrowing Certificates and related financial reports to obtain short-term financing;• Prepared detailed sales analyses by location • Helped develop and implement a detailed profit-sharing plan.
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AP Recovery
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United States
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Financial Services
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1 - 100 Employee
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Lead Audit Analyst
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Jun 2014 - Oct 2017
Perform accounts payable audits of large national, multinational, and fortune 500 companies to assist in the identification and recovery of any amounts due (credits, rebates, refunds, discounts, duplicate payments, overpayments, etc). Used proprietary software to data mine and analyze large data files of client payment detail to identify payment trends/errors resulting in potentially recoverable amounts. Worked with vendors to obtain all necessary documentation to fully understand the cause of the items and file claims with the client in such a manner that allowed for process improvements to limit these types of items in the future. Worked with vendors to ensure timely delivery of any refund amounts that were ultimately determined to be due. Responsibilities as a lead analyst on an audit engagement include:• Serve as direct client contact for any audit issues or client information requests• Work with the client to identify and resolve any data anomalies or inconsistencies• Resolve any discrepancies in the scope of the audit with the client• Compile and deliver to the client any inquiries from the audit team• Serve as a resource to the audit team for any audit issues unique to that client• Work to ensure that all auditors complete their assignments in a timely manner and the audit is completed within the assigned audit window• Work with APR management and sales contact to compile and report audit results to the client• Design process improvement suggestions based on audit results and deliver to the client
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Manager/Director of Financial and Regulatory Reporting
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Jan 2012 - Aug 2013
Primary responsibilities included the preparation and supervision of personnel preparing financial and regulatory reports, both for use internally and externally. Supervised 3-4 team members during each reporting cycle. Responsible for review of supporting workpapers, for clerical accuracy, reasonableness, and high level analytical review. Reporting processes managed include:• Quarterly and Annual SEC filings (10-Q, 10-K, 11-K)• Quarterly and Annual Earnings Releases• Quarterly Investor Presentations• Monthly Financial Highlights and Presentation for Board of Directors• Quarterly and Annual Call Reporting• Weekly, Quarterly and Annual FRB filingsPrimary point of contact for external audit and review processes for external filings. Compiled and delivered audit requests, as well as facilitating audit related comments and questions. Researched emerging and newly applicable accounting guidance to determine appropriate treatment not only within the reporting realm, but also in the production accounting functions. Worked directly with the CFO, Controller, Treasurer, and Corporate Secretary/Counsel on key corporate items such as investment portfolio accounting, loan portfolio accounting (SOP 03-3), net interest margin, asset/liability management, enterprise risk management/disclosures, and equity issuances. Upon hire, began building and developing a largely new reporting team as a result of recent turnover and corporate reorganization. Tasked with improving performance of current processes and developing urgently needed controls within the reporting processes. This work drastically improved timeliness, accuracy, and consistency, both within individual reporting documents as well as with other related reports.
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Wells Fargo
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United States
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Financial Services
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700 & Above Employee
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Audit Leader
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Jan 2011 - Jan 2012
Auditor in charge, responsible for executing internal control and compliance audits for the Finance and Corporate Activities group; primarily focused on audits with accounting and financial reporting risk; as well as top-of-house initiatives. Performed planning, substantive, review, and reporting procedures. Also served as an accounting and financial reporting liaison for the Wholesale line of business audit group – this included acting as a subject matter expert for accounting and financial reporting risks within wholesale audits, performing specific procedures, and serving as a resource to provide guidance to the audit team on technical accounting issues.Also heavily involved in on-campus recruiting for placement of direct hire candidates into internal audit immediately after graduation as opposed to public accounting.
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Grant Thornton LLP (US)
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United States
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Accounting
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700 & Above Employee
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Senior Associate
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Jan 2005 - Jan 2011
Lead Senior, responsible for financial and regulatory compliance audits for both SEC and non-SEC registrants within the financial services industry; Primary Clients: $3.5B Publicly-Traded Regional Bank and a $4B Privately-Held Investment Services Company. Additional clients include a local credit card company, as well as several local hedge and private equity funds.• Negotiate specific terms of engagement letters including scope of services, responsibilities, fees and billing schedules;• Assess engagement/industry specific risks for companies based upon continual monitoring of the client's economic environment combined with continuous discussions with executive management;• Plan and efficiently execute procedures to mitigate risks within engagements• Proactively address staffing needs based upon changes in engagement, client or staff circumstances and negotiate those changes with peer managers;• Provide advice and guidance on the development of controls processes to increase the effectiveness and efficiency of the process, while minimizing or reducing additional workloads;• Work with partners and national specialists to create and review presentations for new products and services to further aid our clients while generating new business;• Coach new associates through leadership, with a focus on quality.• Volunteer to take on difficult engagements and succeeded in increasing realization from those engagements while rebuilding client relationships.• Plan and execute testing of internal controls for public companies for both integrated audits and acting as the internal audit function.• Coordinate and execute comfort procedures for the issuances of common stock to the public for public clients raising additional capital, as well as a private client making its initial public offering.• Private equity experience audit small to mid-sized funds with focuses on utilities, energy, real estate; with a focus on hard to value (Level 2 and 3) alternative investments
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Education
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2005 - 2006
Appalachian State University
Master’s Degree, Accounting -
2000 - 2006
Appalachian State University
Bachelor's degree, Accounting and Finance
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