According to the Bureau of Labor and Statistics, employees stay at their jobs for an average of 4.1 years. Like most people, Dennis Malloy never expected to stay at his first auditing firm for more than a few years, let alone thirty, but he found his niche at KPMG and never left.
Malloy’s forte as a KPMG tax partner is centered on serving Japanese companies in Japan and in the United States. He primarily advises Japanese companies with a presence in the United States and travels to Japan about three times a year.
The first stepping stone for Malloy’s career in Japanese tax was his service in the Japan Kobe Mission from 1974 to 1976. After returning from his mission he earned his undergraduate degree in accountancy from BYU in 1978. Two years later he earned his MBA from UCLA and began working for KPMG in Seattle.
“The most rewarding aspect of my job is having the ability to use my talents and abilities from Heavenly Father and my mission experience to provide valuable services to our clients and to help other people,” Malloy says.
Although the KPMG logo has always appeared on his professional letterhead, his address hasn’t always been so stationary. His work has taken him to offices in Seattle, Tokyo, Dallas, and Los Angeles, where he has been working for the last eighteen years.
In addition to having a position as tax partner, Malloy also serves as the lead recruiting partner for KPMG at BYU.
“It’s gratifying to see students coming out of college who have a superb educational background and significant cultural experiences,” he says. “I love seeing these students join the firm and grow and develop much like I did thirty years ago.”
To help the BYU accounting program continue to excel, Malloy has served on the School of Accountancy Advisory Board for several years and as chair for the last two years.
“Dennis is one of those rare individuals who does it all,” says Kevin Stocks, School of Accountancy director. “He is insightful, hardworking, effective, and fun to be with. Dennis has spent a great deal of time and effort in making a significant contribution to the school.”
Malloy integrates work and play by riding his motorcycle to the downtown L.A. KPMG office daily. He also goes scuba diving in the Cayman Islands each year the week before an annual KPMG meeting in Florida. Malloy and his wife, Corene, have homeschooled all of their ten children and live in Valencia, California.
