Lydia Chen Named Client Relationship Manager for Family CFO Division of Plumb
Plumb | San Diego Outsourced Accounting Firm: Press Release
TAG, a premier San Diego outsourced accounting services and bill pay firm, is pleased to announce the promotion of Lydia Chen to Client Relationship Manager of the Family CFO division. In her new role, Chen will oversee a team of accounting managers and staff accountants, handling a complex portfolio of clients ranging from high-net-worth families, their businesses, trusts and foundations.
“We are delighted to promote Lydia Chen as she has been an integral part in Plumb’s success over the years,” said Robert Scherer, President of Plumb. “Her work is exceptionally detailed and her dedication to Plumb and our client’s is invaluable,” he said.”
Previously named “The Accounting Group”, Plumb was one of the first firms to offer San Diego outsourced accounting services to businesses that needed accounting help without having to hire in-house staff.
Chen began working at Plumb in 2008 as an Accounting Manager and Consultant. For Plumb she handled the AP, AR, billing, payroll, employee benefit programs, month-end close, office management and human resources oversight. In conjunction to her internal accounting duties, she was also an outsourced Accounting Consultant and provided financial services from bookkeeping to generating financial statements for local companies in San Diego.
In 2011, Chen was promoted to Controller. As the corporate Controller for Plumb, Chen was responsible for managing the AP, AR, billing, payroll, month-end close and producing financial statements for all the divisions. Chen also provided outsourced Controllership services with a concentration in the construction industry and not-for-profit sector.
San Diego Outsourced Accounting Services Include:
- Outsourced CFO: financial planning, analysis, budgeting, forecasting and credit management
- Outsourced Controller: monthly financial reports, policies and procedures, accounting software conversions
- Outsourced Accounting Manager: month-end close, account reconciliations, cash management
- Outsourced Staff Accountant: AP, AR, invoicing, payroll, collections
Working with her accounting team for Plumb Family CFO, Chen will focus on monthly financial reporting, cash flow management and bill pay services for high-net-worth families and their business entities. Plumb Family CFO works in partnership with their client’s trusted advisors to produce a holistic view of assets and financial holdings to help make better decisions about their wealth.
“My CPA firm shares a number of clients with Plumb and I am always happy when I see Lydia working with those clients,” said Tom McFadden, Partner, GPW, LLP. “I know we’re going to get accurate and timely information and that she is going to be very responsive to any requests we make,” he said.
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