Philip Rutovitz

I designed, managed, and implemented a platform designed for converting cash accounting to accrual accounting. It also creates monthly, quarterly, and annual reports for the European Central Bank for securitizations set up in Luxembourg, Ireland, and The Netherlands. The platform is web-based, written in .NET, and uses MS SQL. It is used today for 500+ special purpose vehicles and 1800+ reports per year.

I designed, project managed, and implemented the deployment of the latest version of Viewpoint, which was used for managing securitization vehicles. Time sheets were implemented for the team as well as internal accounting and management reporting. I defined and developed a series of workflows that made the department more efficient and created an effective audit trail of the overall administration process. The creation of workflows enabled me to define an auditable risk control matrix as preparation for getting ISAE3402 Type I and II certification. I also added automated invoicing, which streamlined the billing process and reduced outstanding and overdue amounts. This enabled key management reports to be created that allowed me, along with senior management, to better steer the business.

I designed, managed, and developed an MVP for alternative lenders and factoring companies. I created epics and user stories for the system in collaboration with multiple prospects. Jira was used for managing the product backlog. I was part of the team presenting the concept to potential investors and clients during two workshops to define the key features and requirements. I also developed and defined the tech stack for the MVP myself using Solidity for smart contracts, JavaScript and jQuery for the front end, and Node.js for the back end. I used GitHub to manage code and versions.

I designed the asset management system together with a launching client in the UK. I was responsible for managing the development team and prioritizing features defined in the product backlog and feature list. I managed outsourced development with a Chinese team of developers. I was responsible for testing and version management. I also worked with the client to make sure that they were getting the value they needed and making changes as required.

In order to facilitate the management of multiple debt and PE funds, I was responsible for implementing the Sage accounting platform with an integrated module created by the value-added reseller to manage portfolios of loans. I developed a phased roadmap for implementing the software, integrating it with the accounting system and rolling out features based on business priorities.

One of the key features that I added was the automated creation of direct debit instructions to make quarterly payments and then the reconciliation of MT940 payment statements to get an accurate overview of due and overdue amounts. I also managed the implementation of integrated preparation of borrower statements.

I was also responsible for stakeholder management. This involved managing the overall budget for the product and updating management on the return on investment. I also worked directly with the client and attended fund quarterly board meetings to address operational issues and identify any functional areas which needed to modified, and I also created an investor report that calculated the net asset value of the fund and the payment due to the investors.

I wrote white papers, worked on business plans, prepared technical specifications, made wireframes (Balsamiq and Figma), wrote FAQs, prepared an operations manual, onboarded the platform as a distributor of an e-money platform, drove a successful IT Audit (including ITGC’s and Application Controls), and handled code reviews.

I also created user manuals and user onboarding flows (using AppCues). Everything was done on a tight deadline and requirements were adjusted on a daily basis. I coordinated with the technical team on a daily basis.

I was responsible for designing and implementing a cash flow modeling tool in C++ Builder for a German mortgage bank. I implemented the capability to model cash flows due from the underlying renters including assumptions about rental breaks, re-let period, and haircuts. This was used to calculate the stratification tables and various ratios provided to the investors. I was responsible for calculating the regulatory capital benefit achieved by executing the transaction. This was then compared to the hurdle rate set by the board which determined whether the deal would go forward or not. I was also responsible for reviewing and validating the transaction documentation, especially any data and tables.

I designed and implemented a pricing model for complex derivatives (CDS swaps, interest rate swaps, negative basis trades, cross-currency swaps) using FinCad. Once created, I ran this pricing tool on a quarterly basis to value a portfolio for a French fund company.

I designed a portfolio optimizer for maximizing expected return through diversification for quantitative fund managers. This model took inputs from various micro and macro-economic factors to determine the optimal mixture of stocks from a particular basket.

I was responsible for implementing an Excel VBA model for calculating monthly performance according to the AIMR performance measurement standards. These performance numbers were used for recording the performance of the funds and a critical part of any request for proposal that was requested by investors.

I researched the current status of the DeFi space, analyzing the major investment strategies and taking a view on future developments in the DeFi space. I performed a deep dive into the current state of the market and compared different DeFi protocols and looked at the composability of DeFi building blocks and how different protocols can be used together.

The project involved creating a technical overview and business model for the video streaming NFT platform.

I developed a tokenomics model and conceptualized a technical overview of the architecture, including decisions on the best blockchain for the purpose, Flow, Wax, or Ethereum.