David Matthews, CPA

Experience

• 

  State Street Bank & Trust Co.

  Sept 1989 - Dec 1993

  • First Line Manager

    Feb 1993 - Dec 1993

  • Floater / Senior Fund Accountant

    Mar 1991 - Feb 1993

  • Fund Accountant / Portfolio Administrator

    Sept 1989 - Mar 1991
• 

  Chase Global Funds Services Co

  Dec 1993 - Aug 1994

  Accounting Supervisor
• 

  Chase Global Funds Services Co.

  Aug 1994 - Aug 1996

  Fund Administrator
• 

  Deloitte & Touche LLP

  Aug 1996 - Jan 2003

  · Increased emphasis on tax research and consulting services · Assist in start up of new hedge funds via review of fund documentation for compliance with tax rules · Assume role of "Cluster Leader" for the Investment Management Practice · Increased involvement with practice development activities including proposal presentations · Greater involvement in staff development through the local and national training programs · Continuation of Tax Manager Responsibility as highlighted below Show less · Perform tax research and consulting services for hedge funds, mutual funds, real estate investmetn trusts, and management companies · Identify and evaluate the tax risks relating to proposed transactions · Maintain and improve client relationships via communication and service delivery · Perform final review of partnership tax allocations for hedge funds and venture capital funds · Engage in practice development through prospective client meetings and proposals · Assist in staff development & recruiting · Perform final review of tax provisions for mutual fund and corporation financial statement process · Perform final review of Federal & State tax returns for mutual funds, private investment funds and corporations Show less

  • Tax Senior Manager

    Aug 2000 - Jan 2003

  • Tax Manager

    Aug 1998 - Aug 2000

  • Senior Tax Consultant

    Aug 1997 - Aug 1998

  • Tax Consultant

    Aug 1996 - Aug 1997
• 

  Loch Capital Management LLC

  Jan 2003 - Jul 2011

  Chief Financial, Operating, and Compliance Officer

  · Responsible for all aspects of the management company operations including long-term strategic planning· Responsible for management company's financial books and records, including annual budget, short-term and long-term forecast, balance sheet, income statement, statement of cash flows, and tax reporting· Report forecasted earnings and variance change analysis· Prepared estimated tax payments and annual tax returns· Coordinated buildout of office space and subsequent relocation· Acted as head of Human Resources coordinating all HR programs.· Maintained Payroll recordkeeping and processing· Ran RFP/selection process for change in Fund Administrator and addition of new prime brokers· Coordinated prime broker diversification for 7 funds· Responsible for managing new Fund start-up· Responsible for managing fund liquidations· Oversee all aspects of fund accounting operations and trading· Responsible for fund tax reporting · Review and approve monthly fund NAV and Investor reporting Coordination of GAAP annual audit with external auditors· Negotiated ISDA and other contracts with administrators, prime brokers, and service providers· Coordinated registration as an and Investment Adviser with the SEC· Responsible for instituting and monitoring compliance program, policies and procedures· Responsible for day to day compliance issues· Responded to Attorney and Managing Principals on compliance program, training, and employee cooperation · Instrumental in growing the firm from $10m to $2.3b with over $50m capital raised in the first 18-24 months· Sole participant in the telephone campaign to introduce Loch Capital to new investors· Acted as the initial point of contact for new and existing investors· Lead investor meetings and conference calls· Participated in road shows, prime broker capital introduction meetings and capital raising conferences· Day to day investor relations including attention to emails, conference calls, and in office meetings Show less

• 

  KPMG US

  Jul 2012 - Jul 2014

  Senior Tax Manager

  · Perform tax research and consulting services for hedge funds, mutual funds, real estate investmetn trusts, and management companies· Assist in start up of new hedge funds via review of fund documentation for compliance with tax rules· Identify and evaluate the tax risks relating to proposed transactions· Engage in practice development through prospective client meetings and proposals · Assist in staff development · Perform final review of tax provisions for mutual fund financial statement process· Perform final review of Federal & State tax returns for mutual funds and private investment funds Show less

• 

  Soundings Financial LLC

  Jul 2014 - now

  Soundings Financial LLC

  Soundings Financial is a complete Accounting, Fund Administration, CFO and Outsourced Operations Solutions for hedge funds, private equity funds, investment managers, small business, and family offices. Soundings offers the following services:- Fund Administration Services- Tax- Small Business Bookkeeping and Accounting Services- Management Company Services- Outsourced CFO and Operations Services- CFO Consulting and Special Services