Timothy Lai, Cpa
About Timothy Lai, Cpa
Timothy Lai is a CPA and Manager of Fund Accounting at Tricon Residential, where he has worked since 2018. He has a background in accounting education and experience in various roles, including teaching assistant and senior fund accountant, and has contributed to process improvements in his field.
Work at Tricon Residential
Timothy Lai has been serving as the Manager of Fund Accounting at Tricon Residential since 2018. In this role, he oversees various accounting functions related to fund management. His responsibilities include ensuring compliance with accounting standards and facilitating financial reporting. Lai has also led WebEx training sessions aimed at transferring knowledge of workflows to other global offices, enhancing the efficiency of operations within the organization.
Education and Expertise
Timothy Lai studied at the Chartered Professional Accountants of Canada (CPA Canada) from 2016 to 2019, focusing on accounting principles and practices. He holds an Honours Bachelor of Business Administration with a specialization in Accounting from the Lazaridis School of Business & Economics at Wilfrid Laurier University, where he studied from 2011 to 2016. Lai completed his secondary education at Earl Haig Secondary School, earning his Ontario High School Diploma from 2007 to 2011.
Professional Background
Timothy Lai has a diverse professional background in accounting and finance. Prior to his current position, he worked at MUFG Investor Services as a Senior Associate for six months in 2018. He also served as a Senior Fund Accountant at The Citco Group of Companies from 2016 to 2018. Earlier in his career, he worked as an Accountant at Urban One Builders and as a Teaching Assistant for Financial and Managerial Accounting at Wilfrid Laurier University from 2012 to 2016.
Achievements in Fund Accounting
In his role as Manager of Fund Accounting, Timothy Lai developed a macro that successfully reduced the processing time of counterparty statements by 20%. He also created a template for Waterfall calculations for the Hybrid Fund, streamlining future allocations. Additionally, he prepared HK Short positions reporting for funds in compliance with Rule 6 of the SFC, demonstrating his expertise in regulatory compliance and reporting.
Technical Skills and Contributions
Timothy Lai has demonstrated strong technical skills throughout his career. He performed complex manual interest calculations for commodity index swaps and developed a working template for team use. His ability to create efficient processes and templates has contributed to improved operational efficiency in the organizations he has worked for.