Meet our DLC Finance and Accounting Consultant, Vick Babayan!
Meet our Finance and Accounting Consultant, Vick Babayan! Vick has been a valuable part of DLC Consulting for 10 years! Get to know him better below!
Hometown: Burbank, CA
Alma Mater: Pepperdine University, The George L. Graziadio School of Business and Management (MBA)
Favorite things to do outside of the office: outside of work hours, I spend time with family and friends, exercise (mainly in a gym setting), attend sporting and other events, and, if time permits, travel!
How has your background impacted your experience as a consultant? Given that my undergraduate and graduate degrees are both in Finance, coupled with the financial planning and analysis experience I previously possessed prior to joining DLC, it did provide a tremendous impact on clients at DLC that I have worked with – as I was able to bring in not only my core finance and accounting experience but also provide value-add to clients I closely worked with.
What’s a typical workday like for you? I don’t have a “typical” workday as each day varies and is different from client to client and revolves around priorities and deadlines that need to be met and tasks that need to be accomplished on a given day. I usually start my day by running a quick morning checklist of items (think of pilots going over their checklist prior to airplane take off) and prioritizing tasks by the order of urgency and complexity. Reviewing and responding to emails, participating on conference calls, and engaging in face-to-face meetings are all part of the daily activities (just to name a few).
What motivates you to wake up and go to work every day? Believing in the quality of work I do and knowing it brings in the value-add to the clients that produces measurable results, is the most satisfying feeling and a major driver for me.
What kind of work have you been doing? I’ve had a variety of engagements during my tenure with DLC (revolving mainly in the areas of full FP&A, accounting, and systems integration). I have had the privilege to provide support to my clients in the technology, entertainment, commercial real estate, and biopharmaceutical industries.
Where did you deliver the most value to your client? As one of my most recent examples of this I can think of, I’ve provided a thorough insight into Global Supply Chain operations for a client, revolving around their annual budget and quarterly forecast. Automation and the standardization of financial reports is another value-added benefit that I successfully was able to deliver to my clients.
Linking data to finance and accounting, explain environments that have had lack of reporting infrastructure/inefficiencies and how have you brought organization and solutions-implementation. One of my previous clients did indeed lack the processes needed to accomplish the financial systems’ setup needed for the newly constructed facility. In the course of my engagement, I was able to successfully get engaged with various teams within the organization to understand the key missing drivers and was able then to create a roadmap from scratch and be able to drive the process to full completion and successful “go-live.”
What’s your process? – frame in a storytelling way STAR (Situation, Task, Action, Result). One of my previous clients in the technology sector lacked a standardized process related to their month-end close. I took upon the task of creating a new month-end-related task with the goal of minimizing their turnaround time to help expedite the close process in the most accurate way possible. After a careful review of their current processes related to the month-end close on the financial side of things, I then was able to successfully collaborate with the IT department to create a special tool set needed for Finance to run reports quickly and ultimately make it an automated process. In the end, the organization was able to save two days of month-end-close related activities for their Finance department and minimize manual inputs and checks.