Shanghai, China
Experienced on Finance Management and operations with a demonstrated history of working in the electrical & electronic manufacturing industry, Wholesale and Retail. Skilled in Negotiation, Finance Analysis, Business decision making supports, ERP setup and company setting.
Finance: • Budget and FCST process management and perform analysis with the management team • Oversee the closing to make sure meet the deadline and the accuracy • Monitor the daily operation to be supporting the business departments • New project analysis to be giving the advice to the management team on decision making • Review and improve the internal control process, monitor and control the finance compliance to be in line with local statutory requirements as well as the group policy • Cash flow monitor, to be closely working with retail team on money collection and also the AP payments controlling • Manage the internal/external audits for accounting, tax and legal matters • Work with merchandising on OTB calculation • Optimize the system to improve the efficiency Logistics: • Liaise with the warehouse/forwarder on daily operation • Coordinate with HQ on shipment monitor • Inventory management, make sure the physical stock in line with system • Closely track the warehouse operation on cost control • Work with Merchandising on old stock management, to control and monitor the stock aging • Monitor the quality testing with sourcing team, liaise with AIC for any CIQ case IT: • Work with the system development on process optimization • Liaise with the outsourcing company on IT matters • Manage the IT equipment purchasing • Work with HQ IT on system upgrade • Support the new store opening on IT matters Achievements: • Transfer HK finance team to SH, building up GC finance center and accounting criteria • Clean the stock variance between ERP and physical, control the stock movement • Clean the balance sheet pending items, track back the old deposits of stores • Reconcile sales for all existing stores from the contract beginning thus to get the accurate P&L • Building up the tax reporting system for WOFE and all branches
• Budget and FCST preparation, perform variance analysis with actual vs BDG/FCST • Fixed assets management, perform the variance analysis between BDG and actual • IC reconciliation, coordinate with all related parties to make sure IC reconciled. Perform the reconciliation in SAP BPC • Improve the efficiency through continuous review and improvement on Internal control process • Set up the backup scheme to mitigate the impact on staff turn-over and keep the knowledge • Act as the project leader to liaise with HQ for all finance, treasury and system projects, to support and fulfill the projects initial set up and roll-up • As the project leader of OSEA insourcing plan, working with OSEA team to understand their local requirements thus draft and finalize the end to end operation process • Support on Ecommerce initial setup and finance daily operation process • To plan and co-ordinate all month end/year end closing processes, ensuring that company's reporting requirements are met, all ledgers are closed as per month end timetable, and that all accounts are reconciled on a monthly basis, ensuring all are compliance with company. • Cash flow management. Prepare the cash flow report and ensure payments accuracy. • Oversee the preparation of financial, corporate and statutory reporting; including the monthly financial reporting, annual tax returns • To liaise with external auditors and consultants in all accounting, tax and legal matters; • Work closely with other departments and provide guidance and support on daily operation, to solve the problem from the root • Optimize the ERP system to ensure accurate and prompt financial information are achieved • Act as the office manager on admin things
• Budget Control – prepare yearly budget, forecast and 3YP. Review with each cost center for the year planning and build up the budget, review with management team and group for the budget • Analysis for Actual VS Budget vs FCST, prepare the cost center report to monthly review meeting with each department head to control the budget. • Discount Control – review and monitor commercial discount, financial discount and target bonus according to sales policy and agreement, daily coordinate with sales team on the discount controlling. Deep joining the sales policy draft, share the actual sales status with sales planning department, to draft the policy to drive the business based on Budget strategy • Profitability analysis by customer, channel and by brand, review with the sales team and brand manager on sales driving and brand profitability • Process improvement, to improve the efficiency through process control Coordinate with APAC HQ and Italy Group on daily basis • Monthly, quarterly Group reporting package, coordinate with Group business control team for sales planning, expense control and budget control • Group reporting weekly for order & shipment, coordinate with sales management • Management reporting – weekly business review reporting • Support Sales VP– coordinate with channel directors for expense control, sales target reviewing • Work with group tax compliance team on transfer pricing management and tax cost monitor • Coordinate with SSC center for accounting and IP, to make sure accuracy of account booking and payments, the procurement process and daily purchasing process tracking. • Set up the KPI for each SSC center to formalize the control process, monthly review meeting for the pending issues.
• Perform financial analysis reports to meet operating requirements, prepare for the annual budget and monthly forecast, and performing the budget /forecast vs actual analysis, providing the suggestion on improvement • Closely work with APAC financial analysis team on Budget/Forecast preparation, weekly forecast and preliminary closing result, to make sure achieve Group timeline • Prepare for the group reporting package, • Monitor the AR collection, credit control & discount control; Closing tracking with sales team and customer service team on daily credit control affairs • Monitor the inter-company transactions; closely work with Group tax team to make sure Transfer pricing meet government' s requirement • Coordinate with HK finance team to do the consolidation reports, fulfill GC operating requirements and all finance analysis reports to group • Inventory management and prepare for the inventory analysis report. Closely coordinate with the Logistic department • Closely work with Group finance compliance team to make sure balance sheet review fully follow up Group finance manual • Work with HQ internal audit team to perform the internal, review all company’s process and make sure follow up Group ICQ • Act as the project leader for all system upgrading and initial set up with Group GIS team • External annual auditing and annual corporate income tax auditing. Deal with the tax affairs • Review and approve all financial reports, tax reports.
May 04 to Oct 07 as finance supervisor in OSM International Trading (Shanghai) Co., Ltd • Check and ensure the general ledger, cash and bank ledger are correct • Inventory management and prepare for the inventory analysis report. Closely coordinate with the Logistic department • Prepare for the financial reports (External and internal), tax reports, and communicate with external auditor and tax Bureau • Support financial analysis reports to meet operating need, be involved in the annual budget and track the budget’s implementation • Focus on the AR and AP control, draft the cash flow report • Be responsible for the external annual auditing and annual corporate income tax auditing. Deal with the tax affairs and communicate with the local Tax bureau • Closely communicate with other departments, double check all SO and PO in ERP system • Draft the group financial reports through reconsolidating all chart of accounts to meet group’s accounting rule • Make sure the ERP system operating smoothly, etc. Nov 07 to Dec 08 finance manager for 2 new trading company • As the project leader for finance part on DG new manufacture finance system set up • Liaise with government to set up two new trading companies • Independently set up the ERP system for two new trading companies, and make it operate smoothly • Prepare for the statutory financial reports, tax reports and group report package • Perform stock analysis and work with purchasing team to maintain the minimum stock volume • Communicate with purchasing team and also directly with vendor on finance compliance • Budget and forecast preparation and submission, track the budget’s implementation with actual data, alerting the management team on budget control • Perform financial analysis reports to meet operating needs • Focus on the AR and AP control, prepare the cash flow report and monitor the cash flow • Be responsible for the external annual auditing and CIT filing. Deal with the tax affairs with the government