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Vinaa Xiao

@vinaaxiao

Fund Finance Manager at Social Capital who automated the schedule of investments roll forward and strengthened close controls.

United States

Message

At Social Capital, I own quarterly and annual reporting, close, and consolidation for five funds. I support NAV and valuation reviews across portfolio investments and manage cash and liquidity forecasting, capital calls, and distributions.

I also led automation of the schedule of investments roll forward through integration with the accounting system, reducing manual preparation time and strengthening close controls. Before Social Capital, I managed investment fund audits at BDO USA, LLP and prepared fund accounting and investor reporting at Standish Management.

Experience

Work history, roles, and key accomplishments

Current

Fund Finance Manager

Current

Social Capital

Jul 2021 - Present (5 years 3 months)

Own quarterly and annual financial reporting, close, and consolidation for five funds with ~$2B in commitments and 200+ investors. Lead NAV, valuation, cash forecasting, and audits, and oversee fund administrator performance.

Experienced Audit Senior

BDO USA, LLP

Nov 2020 - Jul 2021 (8 months)

Managed audits for investment management clients including private equity, venture capital, and fund of funds, with AUM ranging from $500M to $50B. Provided assurance and consulting services, reviewed valuations and financial statements, and mentored staff.

Audit US GAAP ASC 946 ASC 820 Compliance Private Equity Venture Capital Fund of Funds Level III Valuation Internal Controls Financial Statements Substantive Testing Control Testing Analytical Procedures Waterfall Calculations Mentorship

Senior Auditor

BDO USA, LLP

Aug 2019 - Oct 2020 (1 year 2 months)

Managed audits for investment management clients, including private equity and venture capital funds, from planning through wrap-up. Performed substantive and control testing and reviewed financial statements and valuations.

Audit US GAAP ASC 946 ASC 820 Compliance Private Equity Venture Capital Financial Statements Substantive Testing Control Testing Analytical Procedures Waterfall Calculations

Experienced Associate

BDO USA, LLP

Dec 2018 - Jul 2019 (7 months)

Performed audit procedures for investment management clients, including testing of valuations, fees, and capital activity. Reviewed financial statements and assisted in audit planning and execution.

Audit US GAAP ASC 946 ASC 820 Compliance Private Equity Venture Capital Financial Statements Substantive Testing Control Testing

Associate – Fund Accounting

Standish Management

Feb 2017 - Oct 2018 (1 year 8 months)

Prepared quarterly financial workbooks, US GAAP financial statements, and capital account statements for private equity and venture capital funds. Calculated partner allocations, built waterfall models, and prepared capital call and distribution calculations.

Fund Accounting US GAAP Financial Statements Statements Of Account Waterfall Models Carried Interest Capital Calls Distribution Cash Reconciliation Investor Communications Excel

Intern - Financial Reporting Co-op - Consolidation Group

The Blackstone Group

Jun 2015 - Dec 2015 (6 months)

Consolidated data from multiple business units to produce monthly Treasury International Capital reports for the Federal Reserve. Prepared footnotes and MD&A disclosures for quarterly filings and reviewed public company disclosures.