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Manager Project

Location:
San Carlos, CA, 94070
Posted:
September 21, 2010

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Resume:

SEE WAI PARSHOTAM, CPA

*** ** **** ****** 650-***-**** (cell)

San Carlos, CA 94070

Email: abkwug@r.postjobfree.com

PROFESSIONAL HIGHLIGHTS

I am a highly qualified professional from the Big-4, with more than 15

years of accounting and finance experience in high technology and biotech

industries. An effective manager with proven experience in building and

managing an accounting team, timely financial reporting, implementation of

ERP systems, including Oracle Financials 11i and Softrax, expertise in

Sarbanes Oxley compliance, SEC reporting, revenue recognition and

international consolidation.

Strong interpersonal and communication skills, with the ability to work

cross-functionally with other departments within the company as well as

externally with bankers, auditors and board members.

PROFESSIONAL EXPERIENCE / ACCOMPLISHMENTS

July 2010 - Consultant, Good Technologies, Inc., on a project basis.

Present

Jan 2009 - Corporate Controller, Kabira Technologies, Inc.

June 2010 A software company that delivers high performance transaction

processing software for global enterprises, with international

subsidiaries in Europe and Asia. Reported to the CFO and

responsible for month end close, international consolidation,

revenue recognition, risk management, treasury, taxation and

cash management. (Kabira was acquired by Tibco Software, Inc.

in April 2010).

Managed an accounting team of 7 in the day-to-day operations of

Accounts Payable, Accounts Receivable, Payroll, Fixed Assets,

Revenue, Stock Options, General Ledger and International

Consolidation.

Managed all monthly, quarterly and year end closings including

coordination of year-end audits, corporate tax filings and

preparation of quarterly packages for board meetings.

Cash and expense management, including cash flow forecasts for

liquidity needs, financial planning and annual budgeting.

Revenue recognition using SOP 97-2 and 81-1, and stock options

reporting through OptionEase.

Key Achievements:

Directly involved in the due diligence work that resulted in

the acquisition of the company by Tibco.

Implemented the sales order and AR modules for the ERP system,

resulting in a more integrated, efficient and accurate

reporting process to the GL.

Replaced stock options application Equity Edge with web-based

OptionEase.

Dec 2007 - Controller (consultant), BiPar Sciences (January 2009 to May

2009).

Dec 2008 A biotech company that excelled in the field of cancer therapy

through the development of a novel class of tumor-selective

drugs.

Reported to the CFO. Responsible for the coordination of the

annual audit and assisted the CFO with M&A due diligence.

The company was acquired by Sanofi-Aventis.

Project Manager, Zonare Medical Systems, Inc. (December 2007 to

December 2008)

A biomedical instrument company that manufactures ultrasound

systems.

Reported to the CFO. Responsible for evaluation and

implementation of a highly customized Softrax solution to meet

the company's needs for compliance with 97-2.

Oct 2005 - Corporate Controller, Yodlee, Inc.

Oct 2007 A software company that delivers innovative online banking and

financial applications for financial institutions, with

international subsidiaries in India and UK. Reported to the CFO

and responsible for month end close, international

consolidation, revenue recognition, risk management, treasury,

taxation and cash management.

Managed a 6-member accounting team in the day-to-day operations

of Accounts Payable, Accounts Receivable, Payroll, Fixed Assets,

Revenue, Stock Options, General Ledger and International

Consolidation, including the accounting operations of the India

subsidiary.

Managed all monthly, quarterly and year end closings including

coordination of year-end audits, corporate tax filings and

preparation of quarterly packages for board meetings.

Software revenue recognition in accordance with 97-2, SAB 101,

SAB 104 and EITF-0021.

Key Achievements:

ERP implementation of Oracle financials 11i, resulting in

shorter month end close cycles and improved accuracy in the

financial reporting process.

Streamlined the internal contract review process between the

legal, sales and finance departments, such that customer

contracts are written for maximization of revenue.

Mar 2003 - Assistant Controller, Ciphergen Biosystems, Inc.

Oct 2005 A publicly-listed biotech company with international

subsidiaries in Europe and Asia. Reported to the Corporate

Controller and managed a team of 4. Responsible for the annual

SOX compliance, SEC reporting, month end close, international

consolidation, revenue recognition, risk management, sales order

processing and cash management.

SOX compliance, reporting to the Audit Committee

Preparation of SEC filings for 10-Qs and Ks.

Revenue recognition in accordance with SAB 101, SAB 104 and

EITF-0021.

Managed the order entry team, review of sales quotes, invoicing,

collections, and revenue reporting at month end.

Key achievements:

Successful implementation of first year Sarbanes Oxley.

Assisted the CFO in securing revolving lines of credit with

bankers and issuance of $30 million in senior convertible notes.

Mar 2000 - Voluntary time off with family.

Feb 2003

May 1994 - Controller/Accounting Manager, GasTech Inc.

Feb 2000 A manufacturing subsidiary of Thermo Electron, a publicly-listed

$2 billion company. Reported to the President/CEO.

Managed a 6-member accounting team for Accounts Payable,

Accounts Receivable, Credit & Collections, General Ledger,

Payroll and Cost Accounting and a staff of 2 in Facilities and

IT.

Responsible for monthly financial close, completion of quarterly

reporting packages to the parent company, international

consolidation, cost accounting, cash flow, budgeting, taxation

and treasury.

Analysis of overhead and direct labor rates, standard cost

updates, analysis of PPV and WIP variances, and coordination of

annual physical counts.

Key Achievements:

Implementation of a manufacturing ERP system (Avante/Epicor),

resulting in corporate-wide operational efficiencies,

particularly in the analysis of gross margins for products and

improved accuracy in financial reporting.

Successfully negotiated the sale of office buildings.

May 1993 - Accounting Manager, Oracle Corporation

Dec 1993 Managed 3 accounting staff in the Channel Sales finance

department.

Responsible for timely and accurate reporting of channel sales

revenues (OEMs and distributors) and sales commissions to

corporate finance.

Sept 1990 - Audit Manager, KPMG in San Francisco and San Jose.

May 1993 Specialized in high-tech software companies in the Silicon

Valley. Also audited governments, real estate and health-care

companies.

June 1987 - Audit Senior, KPMG in Singapore.

Nov 1989 Performed financial audits for a variety of industries,

including banks, savings and loan companies, trading and

manufacturing, leasing and transportation companies.

EDUCATION & CERTIFICATION:

o Certified Public Accountant in State of California (1990)

o Bachelor's degree in Accountancy - National University of

Singapore

SOFTWARE EXPERIENCE:

o ERP systems: Oracle Financials 11i, MAS200 & MAS500, Great Plains,

Solomon, Navision, Macola, Avante/Epicor, Quickbooks.

o Others : Softrax (revenue recognition), Hyperion (budgeting,

forecasting)

o Stock Option reporting: Equity Edge, OptionEase, SVB Analytics CapMx.

o Microsoft Outlook, Excel, Word, PowerPoint, Visio.

language skills:

o Proficient in spoken and written Mandarin and Cantonese.



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