2. Scott Lane Contents
I. Overview
II. Qualifications
III. Employment History
IV. Role Progression
V. Accomplishments
VI. Additional Information
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3. Scott Lane I. Overview
Leadership &
Resource Management
Communications
•Managing down: direct reports
•Thought leadership Well rounded finance •Managing across: peers &
•Framework development professional indirectly
•Presentation delivery •Managing up: senior management
•Documentation & writing skills 14 Years of professional •International management
•Collaboration & teamwork experience across disciplines
– Leadership & communications
– Resource Management
– Finance & risk management
– Technical accounting & financial
reporting
Big 4 experience (KPMG)
MBA, Duke University
Finance & Risk CPA (inactive) Technical Accounting &
Management Financial Reporting
International experience
•Due Diligence, mergers & Broad industry experience •Accounting policies
acquisitions
•New pronouncements
•Investment valuation
•Sarbanes-Oxley 404
•Loan loss reserving
•GAAP and SEC reporting
•Risk capital expertise
•Audit management
•Operations risk expertise
•Accounting mechanics
•Financial analysis
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4. Scott Lane II. Qualifications
Master of Business Administration (MBA)
– Fuqua School of Business
– Duke University
Bachelor of Business Administration (BBA)
– University of Wisconsin, Eau Claire
– Accounting Major
– Cum Laude
Certified Public Accountant (CPA)
– License currently inactive
– Member of AICPA
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5. Scott Lane III. Employment History
Public Accounting, small firm
KPMG, Minneapolis
KPMG, Zurich
GMAC-RFC
GMAC, Corporate Risk Management
TPG Credit
- Broad Industry Experience -
Financial Services: Manufacturing, Retail, &
Distribution
Insurance
Construction & Real Estate
Mortgage Banking
Auto Finance
Hedge Funds
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6. Scott Lane IV. Role Progression
TPG Credit,
Controller
GMAC, Vice
President,
GMAC-RFC, Risk
High Corporate Management
Accounting
Director
Responsibility
GMAC-RFC,
Corporate
Accounting
Manager
KPMG,
Manager
Low
Time
Early and continuous advancement
Continuous increase in responsibilities
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7. Scott Lane V. Accomplishments
Leadership & Communications Resource Management
Developed and led GMAC-RFC’s initial implementation of Sarbanes- Managed staff of direct reports in many settings
Oxley 404
– Managed various levels of staff while executing audits at KPMG
– Led across all GMAC-RFC business units to implement
– Managed team of up to 10 professionals while at GMAC-RFC
– Required numerous presentations, including obtaining buy in and
– Managed team of 6 professionals at TPG Credit
support from senior management and providing regular updates to
senior management
– Recipient of GM Chairman’s Honor award Managed across organizations on numerous occasions, at both
– Recipient of GMAC-RFC’s Celebrate Leadership award large and small companies
– From project management office, managed across business units
while executing US GAAP project for Credit Suisse Group
Drafted and executed firm-wide GMAC risk capital policy and
framework – While in corporate roles, managed across GMAC and GMAC-RFC
business units to execute day to day activities and projects
– Developed risk capital policy, including pragmatic implementation
– Managed across TPG Credit functions on a daily basis
tools
– In all situations built relationships with peers and others without
– Executed and led across all of GMAC’s business units (mortgage,
direct control which was ultimately the key to success
auto, insurance)
– Required numerous presentations, including obtaining buy in and
support from senior management and providing regular updates to Interacted and communicated frequently with senior
senior management management
– Managed senior accounting relationships while at KPMG
Interacted with Limited Partners on a regular basis at TPG Credit, – Presented to and appraised senior management / C-suite at GMAC
including due diligence questionnaires and marketing discussions on numerous occasions
– Managed the CEO and COO at TPG Credit on a regular basis,
particularly on valuation topics
Developed and led Accounting organization at TPG Credit, a de novo
hedge fund manager in 2005
Managed in an international context
– Hired accounting & finance team of 6 professionals from scratch
– Lived and worked in Zurich, Switzerland while at KPMG
– Built all accounting controls, systems and processes from scratch
– In Corporate roles at GMAC managed across business units
which included many foreign countries
Provided leadership at KPMG in Zurich, Switzerland – Managed TPG Credit’s investment and fund accounting that is
– Key member of KPMG’s consultation to Credit Suisse Group on its global in scope
conversion to US GAAP
– Prepared and delivered US GAAP training seminars to Swiss
colleagues while at the KPMG Zurich office
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8. Scott Lane V. Accomplishments (continued)
Finance & Risk Management Technical Accounting & Financial Reporting
Valuation Drafted and implemented numerous accounting and control
policies while at KPMG, GMAC, and TPG Credit
– Responsible for accounting related to loan loss reserves
and retained interests while at GMAC-RFC
– Owner of investment valuation at TPG Credit While at KPMG, consulted Credit Suisse Group as a technical
• Researched and implemented best practices related expert on its global conversion to US GAAP
to investment valuation
• Drafted and implemented FAS 157 compliant valuation
procedures Key pronouncements new technical guidance adopted:
• Developed and led the firm’s Valuation Committee – FAS 133, Accounting for Derivatives and Hedging Activities
– FAS 140, Accounting for Transfers of Financial Assets
Risk Management – FAS 141, Business Combinations
– FAS 142, Goodwill and Other Intangible Assets
– Developed and implemented GMAC’s firm-wide risk capital
policy including all major risk categories: – FAS 157, Fair Value Measurements
• Market risk – PCAOB Auditing Standard No. 2, An Audit of Internal Control Over
Financial Reporting Performed in Conjunction With an Audit of
• Credit risk
Financial Statements
• Operations risk
– Drafted and implemented TPG Credit’s Risk Committee
charter Financial reporting
– In financial management roles at GMAC-RFC and TPG – Responsible for SEC 10Q and 10K filing information while at
Credit, developed an operations risk paradigm and heat map GMAC-RFC
approach to identify key risks in the following areas: – Owner of US GAAP financial statement preparation and external
• People audits at GMAC-RFC and TPG Credit
• Processes – Analyzed and summarized actual performance in both managerial
and GAAP views for senior management
• Systems & facilities
Accounting mechanics
Mergers & Acquisitions, Due Diligence
– Responsible for trial balance integrity and account reconciliations
– While at KPMG and GMAC participated in numerous due while at GMAC-RFC and TPG Credit
diligence efforts on both buy and sell sides of transactions
– Conducted monthly consolidation of over 100 legal entities and
– While at TPG Credit drafted a comprehensive due diligence foreign currency translation while at GMAC-RFC
program for underwriting efforts
– Owner of monthly net asset value (NAV) determination of funds
managed while at TPG Credit
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9. Scott Lane VI. Additional Information
LinkedIn: http://www.linkedin.com/in/scottllane
Additional information available on request
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