MICHAEL C. LAUDERBAUGH
Bear
Summary
Dynamic finance leader with extensive experience at BNY Mellon, excelling in headcount reporting and financial analysis. Proven track record in managing complex mutual funds and driving efficiency improvements. Adept at budgeting and forecasting, while fostering team development and collaboration to achieve strategic objectives.
Overview
20
20
years of professional experience
Work History
VP/Lead Manager – Fund Accounting/Central Expense Team
BNY Mellon
08.2022 - Current
- Manage the daily operations for a group of 200+ complex mutual funds for a platinum client.
- Prepare fund expense budgets and analysis and adjust accruals as needed.
- Prepare Proforma statements for upcoming fund mergers.
- Coordinate the annual audit process.
- Preparation of monthly client management reports including performance reporting and board packages.
- Prepared, reviewed, and delivered monthly financial highlights for use in annual and semi-annual reports as well as prospectus and statement of additional information tables for use in annual reporting and prospectus filings.
- Oversee launch of new funds and establish relationship with client’s new sub-advisors.
- Assist with the professional development of supervisors and staff.
- Supervise, train, and evaluate various staff teams ranging from 1 to 10.
Senior Associate/Business Manager, Firmwide Risk Reporting & Controls
JPMorgan Chase & Co.
06.2021 - 07.2022
- Manage the headcount reporting and analysis, requisition management and executive reporting for the Risk and Controls team of 500+ staff.
- Lead monthly and quarterly metrics submissions, including the consolidation and reporting of key performance indicators along with explains on drivers / themes.
- Manage the internal monthly financial statements for the Risk and Control stripes including variance analysis, actual vs. budget analysis and P&L performance.
- Lead the Headcount budget and forecasting process including location strategy, transformation, and capacity planning.
- Prepare management reporting and presentations for senior management to increase transparency and visibility of key items/initiatives.
- Lead the execution of special projects / strategic initiatives from end to end and partner with team leads to effectively meet key deliverables.
- Drive control action plan remediation for issues that span the global organization and lead efforts to organize, compile and present evidence to the Control office for closure.
- Run cross team working groups as necessary to effectively drive key processes and meet deadlines on initiatives.
- Participate in the preparation of town halls and business review presentations as needed.
- Improve and/or revamp existing processes to streamline and increase efficiency across the team.
- Perform ad hoc analysis on a variety of topics as requested from senior management.
VP/Lead Manager, Finance & Business Managers - Operations
BNY Mellon
10.2019 - 01.2021
- Manage the daily operations for the Operations Resource Information System (ORIS) team including headcount reporting and analysis, requisition management (FTE and Temp) and executive reporting for 22,000+ staff.
- Created, maintained, and lead an off-line requisition management weekly review and approval process for all of Operations.
- Preparation of weekly executive management reports related to current requisition and hiring statistics.
- Manage all site related administrative functions for hedge fund line of business with 350+ employees.
- Responsible for the Business Continuity Plan execution for the Delaware AIS Operations including all contingency plan monitoring and testing.
- Responsible for the AIS Global Business Risk Management Reporting and Analysis including executive summary reporting and presentation, maintenance and review of risk indicators and managing the resolution of all open items.
- Prepared, distributed, and presented all AIS Global Financial Scorecard Metrics Reporting and Analysis monthly including dashboards, scorecards, and variance analysis to central metrics team.
- Line of Business Liaison with Facilities Management and Property Owner/Manager for leased space and all facilities related projects and issues.
- Managed all significant technology projects including systems migrations, upgrades, and user testing.
VP/Senior Specialist, CAO - Alternative Investment Services
BNY Mellon
10.2017 - 10.2019
VP/Senior Accounting Manager – Fund Accounting/Client Services
BNY Mellon
01.2015 - 10.2017
VP & Delaware Site CAO – Alternative Investment Services
BNY Mellon
11.2010 - 12.2014
VP/Senior Finance Project Manager
PNC Global Investment Servicing Inc.
08.2006 - 11.2010
VP & Senior Financial Analyst, Life Management & Retirement Services Division
AIG, Inc.
12.2005 - 08.2006
- Responsible for monthly and quarterly variance analysis, reporting and documentation for the domestic and foreign life insurance operations by business unit.
- Wrote internal MD&A on production, net investment income and operating income providing senior management insight for the quarterly earnings call.
- Prepare and analyze actual financial results including profit center by-lines, ROE calculations, operating expense analysis, DAC analysis and net investment income analysis.
- Provide support and assistance to the Controller and Financial Reporting Manager in all aspects of the budget and estimate process.
Education
Master of Business Administration -
Wilmington College
Wilmington, DE01-2000
Bachelor of Science - Management
The Pennsylvania State University
Erie, PA08-1993
Skills
- Headcount reporting and analysis
- Requisition management
- Business continuity planning
- Cost accounting
- Financial reporting
- Budgeting and forecasting
- Financial analysis
- Client profitability assessment
- Mutual fund accounting
- Project management
- Efficiency improvements
Core Competencies
- Headcount Reporting & Analysis
- Requisition Management
- Business Continuity
- Cost Accounting
- Financial Reporting
- Budgeting/Forecasting
- Financial Analysis
- Client Profitability
- Mutual Fund Accounting
- Project Management
- Efficiency Improvements
Timeline
VP/Lead Manager – Fund Accounting/Central Expense Team
BNY Mellon
08.2022 - Current
Senior Associate/Business Manager, Firmwide Risk Reporting & Controls
JPMorgan Chase & Co.
06.2021 - 07.2022
VP/Lead Manager, Finance & Business Managers - Operations
BNY Mellon
10.2019 - 01.2021
VP/Senior Specialist, CAO - Alternative Investment Services
BNY Mellon
10.2017 - 10.2019
VP/Senior Accounting Manager – Fund Accounting/Client Services
BNY Mellon
01.2015 - 10.2017
VP & Delaware Site CAO – Alternative Investment Services
BNY Mellon
11.2010 - 12.2014
VP/Senior Finance Project Manager
PNC Global Investment Servicing Inc.
08.2006 - 11.2010
VP & Senior Financial Analyst, Life Management & Retirement Services Division
AIG, Inc.
12.2005 - 08.2006
Master of Business Administration -
Wilmington College
Bachelor of Science - Management
The Pennsylvania State University