Your opening position for "Financial Analyst" captured my interest. I am a
senior level Finance professional with MBA. I progressively built my
extensive financial planning and analysis experiences in a fast-paced and
constant changing environment / global leading technology oriented company.
I'm highly analytical, very system and detail-oriented, hands-on, and
discerning. Multi-tasking is a nature of my work life. My background
related to your job requirements including the following:
Your Job Requirements
. Assist in financial modeling, including sales, gross margin and expense
projections for long range and annual operating plans.
. Provides analyses and insights to ensure continuous progress towards
profitability and asset management metrics.
. Help lead the annual budget and financial forecasting processes and
identify areas to improve the effectiveness of financial planning
activities
. Assist in the financial analysis and support around existing and
potential business initiatives and strategies.
. Continuously evaluate the impact of our activities on others.
My Qualifications and Skill Sets
. 20+years experiences in serving as a strong business partner with R&D
business units, multi-site and multi-functional supply chain functional
groups, and senior management on day-to-day accounting activities, budget
plans, and financial analyses and reports. Ability to interface with and
interpret requirements from senior management, translate into and deliver
financial analyses & reports with accuracy and quality.
. Worked closely with Product Line senior management. Key functions
included developing Product Line P&L statements, holding periodic reviews
of Gross Margin, allocations from corporate and manufacturing, and
disposition of aging inventory.
. Reported company-wide Internal /External sourced Inventory Reserves
against Age, LCM, Demand, and Standard Cost for Raw Materials, WIP, Die
Bank, and Finished Goods.
. Project leader for Analog Devices' (PICS) new Product Introduction and
Cost System.
o Approved backend new product costs.
o Took ownership for a 5-yr subcontractor pricing forecast model.
o Key contributor for system updates & improvements.
. Managed budgeting, planning, and forecasting for $35M expenses, $6M
capital expenditures, and cost centers with 100+ employees located at
various US sites, and Southeast Asia countries.
. Conducted variances analyses and consistently managed and controlled
Expenses within ~1% and Capital Expenditures within ~3% variance against
plan.
. Pointed person for operation scorecards (key metrics on operating
performances). Conducted numerous ad hoc and trend-line analyses and
reports for senior management in conjunction with inquiries from Board of
Director meetings, company's annual GTC (General Technical Council)
meetings, quarterly staff meetings, and special meetings with key clients
and subcontractors.
. Developed and published High Technology Index Report distributed to
company-wide management teams comparing Analog Devices to 46 peer
companies in series of key financial parameters.
I believe there is a very strong fit between your job requirements and my
background and my skill set. My salary expectations are flexible. I would
greatly appreciate the opportunity to meet with you to discuss how my
business partnership with multi-functional R&D and Operation groups and my
expertise in financial/management reporting systems could make me a strong
value-added contributor to your company. I am excited about this job
opening. Looking forward to hearing from you soon.
Sincerely Yours,
Chih-Chen Tse
PROFessional Profile
Senior level Finance Manager with MBA and extensive experience in
Controller's Office functions in global, high technology environments.
Expertise in Cost Accounting and Management Reporting.
Key Strengths:
. Pioneering large scale models and systems for analyzing and reporting
strategic information for executive decision support.
. Performing wide range of complex ad hoc analyses tailored to the needs of
senior management. Consistently earned trust and reliance of senior
management for quality of work.
. Bridging diverse employee perspectives, business operations and
geographic locations.
. Enhancing company business relationships in China and Southeast Asia
using language and cultural skills. Proficient in Mandarin Chinese and
fluent in Shanghainese and Cantonese.
. Software expertise in SAP, Cognos_Data Warehouse and Impromptu, Oracle
Hyperion_Essbase, Microsoft Office suites (advanced Excel).
Experience
Analog Devices, Wilmington, MA, Worldwide Manufacturing Group
Planning and Control Manager, 1996-2009
Within multi-site and multi-functional Manufacturing and
Engineering groups, managed budgeting, controlling, and monitoring
of $35M in expenses, and $6M in capital expenditures, involving
over 100 employees with cost centers located at various US sites,
Ireland, Japan, and Southeast Asia countries. Proactively
performed financial reviews with senior management and client cost
center staff.
. Developed and established the first consolidated manufacturing production
database that generated consistent information for both management
reports for Worldwide Manufacturing group and POR (Plan of Record) for
external Assembly and Test subcontractors.
. Hand-picked to manage over $1M high visibility charges and payments
related to building expansion, moving of a division, contracted
manufacturing service agreements, and cross-functional charges among
multiple Manufacturing and Engineering sites.
. Served as a company-wide central source for inquiries on External
Subcontractor Backend Pricing and a project leader for Analog Devices'
(PICS) new Product Introduction and Cost System.
. Generated Manufacturing Scorecard (key operation performance
measurements) for use in highly confidential, limited-distribution
reports to company-wide senior management.
. Led month-end close, quarterly rolling and annual benchmark plans, and
assisted with year-end audit. Consistently managed and controlled
Expenses within ~1% and Capital Expenditures within ~3% variance against
plan. Approved purchase requisitions, identified potential variances
against plan before period-end, and coordinated with Corporate and
Southeast Asia accounting staff to facilitate clear communication.
. Created a versatile, flexible and easy-to-use database tailored for
Worldwide Manufacturing Group. This smart reporting system was used
heavily for account level inquiries, worksheets for finalizing budgets,
cost center staff reviews, and management summaries, replacing the
company's standard reports.
. Conducted ad hoc analyses and reports on Revenue per Wafer, Inventory
Weeks of Supplies, and numerous trend line analyses on ASP (Average
Selling Price), Unit Cost, Gross Margin, Backlog, Bookings, Revenue &
Shipments, and WIP & FG (Work In Process & Finished Goods) Inventories in
conjunction with inquiries from Board of Director meetings, company's
annual GTC (General Technical Council) meetings, quarterly staff
meetings, and special meetings with key clients and subcontractors.
Analog Devices, Norwood and Wilmington, MA, Sales and
Manufacturing
Special Consultant Role for Establishing Business with PRC, 1980-
2009
Served as an US host for Chinese delegations from People's
Republic of China for company's Sales and Manufacturing
organizations.
. Gained trust of and obtained valuable insights on visitors'
organizations in a short period of time and helped to develop
useful ties with Chinese organizations, paving way for substantial
business dealings.
Analog Devices, Wilmington, MA, Semiconductor Division
Product Line Finance Manager, 1992-1996
Worked closely with several Product Line VPs. Key functions included
developing Product Line P&L statements, holding periodic reviews of Gross
Margin, allocations from corporate and manufacturing, and disposition of
aging inventory.
. Designed and developed first New Product Cost Model with sensitivity and
multiple scenarios capabilities. Coached engineers to understand cost
drivers, enabling them to further improve product costs and gross
margins. Model widely used by Product Line engineers and served as the
forerunner of company's Cost Systems.
. Generated New Product costs for every new product introduced. Presented
the new product cost in every introduction meeting with ~20 engineers and
product line directors for 2 plus years. Taught Cost Model and Accounting
101 seminars for over 100 engineers and marketers.
. Received award for project which ensured the tie between division R&D
spending and new product development spending for all new products
planned to be introduced during the BMP (Bench Marking Plan).
Senior Financial Analyst, 1986-1992
Worked in a decentralized division with its own Manufacturing,
Engineering, Marketing and G&A function groups; as well as
Southeast Asia operations.
. Designed, developed and served as a project leader for division's first
$20M capital commitment and expenditure budget tracking system which was
used throughout the division with project budget swap capability among
cost centers. System was well received by cost center managers and among
peers.
. Developed standard costs for inventory valuation and product cost:
o Mathematically demonstrated that variances collected from various
manufacturing processes were in a closed-loop cost pool to ensure
the soundness of accounting for all spending.
o Generated work center rates for every step of the chip-making
backend manufacturing processes.
. Performed primary liaison role for over 5 years with US, Philippines, and
Taiwan manufacturing site controllers. Successfully managed building
expansion, inventory reconciliation, transfer pricing, cash flow, and day-
to-day accounting activities.
Analog Devices, Norwood, MA, Corporate Marketing / Strategic
Information
Strategic Information System Analyst, 1980-1986
. Selected and recruited into company career Elite Management
program.
. Developed and published High Technology Index Report distributed to
company-wide management teams comparing Analog Devices to 46 peer
companies in series of key financial parameters.
. Prepared 85% of financial materials for Annual Stockholder Meeting
Addresses.
. Coordinated efforts to publish company's Customer, Sales, and
Confidential Price Lists.
EDUCATION
M.B.A., 1980, Boston University - School of Management
Boston, MA
B.A. Economics, 1977, University of Chinese Culture
Taipei, Taiwan
Teaching Assistant, Calculus
US Citizen.