Wade Ang

Director of Financial Planning and Analysis, NComputing

Redwood City, United States

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His background

  • Today

    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.
  • Today

    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
  • Today

    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
  • Today

    Accounting/Operation Manager

    Hobby Markets / BoxLot

    • 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.
  • Communications

    Finance & International Business
  • Communications

    Accounting & Finance

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His skills

  • Finance

His hobbies

Golf road biking swimming basketball soccer and running.

About him

An experienced financial strategist, Wade Ang imbues his business endeavors with professionalism and efficiency. Mr. Ang graduated from the University of Hawai’i at M?noa, in Honolulu, with a Bachelor of Business Administration as an Accounting and Finance major.

Subsequent to earning his B.B.A., Wade Ang sought to learn about the world of finance directly and began work for American Savings Bank. He next became an Investment Specialist for the First Hawaiian Bank in Honolulu in 1996. In this post, Mr. Ang generated over $100,000 in income for the bank via creative marketing to Asian investors.

After obtaining three years of professional experience, Mr. Ang returned to the University of Hawai’i to pursue his Master of Business Administration, which he completed in May 1999.

Later that year, Wade Ang moved to San Francisco and began working for several high-growth, Internet-based corporations. As Accounting/Operations Manager at BoxLot.com and Assistant Controller of Esurance (recently acquired by AllState Insurance for $1 billion), he managed the financial close process on annual, quarterly, and monthly bases. His diverse set of skills enabled Mr. Ang to assist various divisions of these companies, including human resources, systems administration, staff management, payroll processing, and audit coordination for a Big 4 accounting firm.

Remaining in Silicon Valley, Wade Ang advanced his career by becoming a Controller and Director of Finance for Siperian (now Informatica Corporation) in San Mateo, California. He contributed in that role from March 2005 until September 2007. He utilized his extensive Silicon Valley experience to perform more Big 4 external audits, prepare sales incentives, and improve company financials, including revenue recognition, financial reporting for the board and executives, and definition of monetary objectives and plans.

Currently working for NComputing, a high-growth corporation in Redwood City, Wade Ang enjoys a continued opportunity to apply his expertise in financial operations, as well as his personable leadership style as a Director of Financial Planning and Analysis. In addition to his professional efforts, Wade Ang enjoys outdoor activities, such as swimming, basketball, running, and golf.