Fremont, California, United States
•Successful Implementation of Sarbanes-Oxley in Year One •Standard Cost Accounting Development and Installation •System Implementation – Concur, QAD, Dynamics AX, Oracle, and Baan •In Charge Annual Budget and Forecast •SEC Reporting – 10K and 10Q •Corporate Consolidation Financial Reporting with international Subsidiaries •Sales, Use, VAT, GST Tax Compliance for the Successful US and European Commercialization
NeoTract, Inc Pleasanton, CA Controller • Successfully led and completed Financial audits • Worked with the executive team to build 5 year budget models with full set of Financial Statement (P&L, Balance Sheet, and Cash Flow) and completed analysis • Worked with the Finance manager to plan and lead the annual finance audit - clean reports and no audit adjustments – also prepared the financial statement and related footnotes. • Developed and designed gross margin goal models with different scenarios and parameters include new products development, direct labor and facility requirement and use the model as a main decision tool of the Company’s future steps • Worked with Finance and Operation team to understand the Company practice and goal to develop the policy and procedures of Revenue Recognition, Inventory Valuation, Finance close, and other necessary internal controls • Designed and developed financial statements for the leadership team to understand the performance of each period • Initiated and Developed the OH allocations based on the comments of PWC – meaningful allocation for the better GM and P&L presentation • Worked as an interim controller to develop the policy and procedures for the Finance department, weekly meeting, monthly reporting packaging, and grow people • Took the responsibilities of understanding Medical Device Tax, US Sales/Use Tax and EU VAT reporting requirement and designed the system accordingly • Acted as a project manager of ERP (QAD) system implementation – work with the outside consultants to manage the works of NeoTracts team- Fit to business, CRP, UAT, Data cut over, and work with QA team to pass the validation test for the FDA requirements • Liaison of users and BSA to implement Concur expense system
Finesse Solutions, Inc. Santa Clara, CA Sr. Finance Consultant Revenue Recognition . Interfaced with the Company's management team to understand the invoice, billing, and shipment practices. . Worked with the AS revenue recognition expert to provide backgrounds and document to outline revenue recognition policy. . Designed revenue schedules based on the revenue recognition policy and the reporting requirements of the auditors and managements. Proposed certain procedure changes to comply with the revenue recognition policy.
Director of Cost Accounting First to initiate utilizing Oracle cost accounting function. Provided analysis to monitor the cost reduction efforts of department of Operations. Worked closely with overseas operations to make sure the internal control compliance. Streamlined monthly and quarterly closing processes. Developed new management reports - gross margin by products and customers - with MIS team.
Established cost accounting practices within two weeks joining the Company, provide the ability for accurate margin calculation, ad-hoc query and analysis. Stepped in and set up the quarterly data and schedules to auditor after the Company became public. Stepped in, and completed SEC 10Q report two consecutive quarters in a row, all within five days for on-time filing. Acted as PM during system conversion, migrated corporate master data, implemented controls, and trained users, all within limited resource. Analyzed the financials and business practices of newly acquired company to aid in year- end audit planning, Combined and assigned resource from both companies for most efficient finance operation.
•Managed the finance/accounting team in US and foreign subsidiaries to satisfy Sarbanes-Oxley (SOX) requirements and pass first-year audit. •Worked with consulting firms and corporate IT to implement world-wide ERP system, as a subject matter expert responsible with training and configuring Finance, cost and inventory related modules. •Worked with various departments and oversea subsidiaries to set and achieve annual budget and forecast targets. •Collaborated with outside consultant and MIS to implement systems that track backend actual cost data and calculate inventory E&O which results in reducing production costs and annual audit fee. •Assisted in the preparation of 10K and 10Q.
• Improved cash burn rate by establishing budget variance process and proposing cash spending controls • Implemented purchasing, inventory, and sales order functions in the ERP system • Implemented Equity Edge to track company stock option program