In the finance sector, the capability to manage a team successfully is as crucial as understanding the numbers. Ting Song, a highly respected leader in alternative investment fund accounting, is currently working at JP Morgan Chase & Co. and a Certified Public Accountant (CPA) in California. With a wealth of experience leading teams in finance and alternative investment fund accounting, she shares some key insights into the art of effective team management in this sector.
Song holds a Master of Science in Accounting from Loyola Marymount University and a Bachelor’s in Accounting and Finance from the University of Liverpool. This solid academic foundation laid the groundwork for her illustrious career in the finance sector, which kicked off at notable institutions like JP Morgan Chase & Co., where she handles the accounting and operational responsibilities for multiple private equity funds and hedge funds, representing significant assets under management.
Song’s role is comprehensive, involving oversight of key accounting areas in alternative investment funds. Additionally, she supervises new fund launches and the winding down process of existing funds, ensuring regulatory compliance for both onshore and offshore funds.
Under her leadership, the teams have successfully integrated new systems, developed internal control procedures, and managed vital vendor relationships. She believes that open communication with her team and managing investor data efficiently is central to her role.
Previously, she served as a director at First Republic Investment Management, a role that honed her leadership skills and gave her valuable insights into managing the financial intricacies of private equity funds and hedge funds. From implementing internal control systems to approving Net Asset Value (NAV) packages and quarterly investment reports, she effectively navigated the accounting and operational responsibilities while supervising her team.
Prior to her experience at First Republic, Song worked at Jones & Associates, where she examined and analyzed accounting records and financial statements to ensure compliance with the Generally Accepted Accounting Principles (GAAP), a testament to her robust financial expertise. Here, her role also involved collaboration with clients on financial and regulatory matters, underscoring the importance of interpersonal skills in team management.
In this role, Ting Song applied her blend of technical expertise, leadership skills, and a deep understanding of the financial sector to the nonprofit sector, where she has offered full cycle accounting and consulting services. The goal of this initiative was to offer accounting assistance to nonprofits so they could focus on what really matters to them: their mission and making the world a better place.
Ting Song was the perfect choice for this socially imperative role, as she had prior experience in performing auditing and accounting tasks that provided her with hands-on experience in audit work and accounting procedures. This experience also allowed her to interact closely with senior engagement members, laying the groundwork for her strong leadership and managerial skills.
Song’s trajectory in finance management underscores her ability to work within complex financial frameworks while leading her teams with poise and confidence. Her career journey is a testament to her commitment to constant learning and professional growth, which she identifies as key elements for success in the finance sector.
Key to Song’s successful leadership style is her commitment to clear and open communication. She maintains a collaborative approach, emphasizing the importance of a shared understanding among team members about the team’s goals and the strategies to achieve them.
Another important aspect of Song’s leadership style is her focus on professional development for her team. She encourages her team members to continuously improve their skills and knowledge, recognizing that a highly skilled team is an invaluable asset to any finance organization.
Lastly, Song underscores the importance of implementing robust internal control systems. Such systems play a critical role in ensuring the efficiency of operations, reliability of financial reporting, and compliance with laws and regulations. By keeping a close eye on these aspects, she ensures that the team’s work aligns with the broader organizational goals while adhering to the highest standards of financial compliance.
Ting Song is well equipped to manage teams in the demanding field of accounting. Her tips for success include open communication, a commitment to team development, and a strong emphasis on efficient internal control systems. These insights from Song’s experience offer valuable guidance for those looking to lead teams effectively in the finance sector.