Tommy Tung

Richmond Hill, ON . Tel *** – *** ****. Email : ac7px6@r.postjobfree.com

PROFILE

An experienced financial professional with strong business acumen gain 10+ years assisting organizations in making sound decisions. Broad experience gained across multiple sectors, including municipal and provincial government, consumer packaged goods and business services .

Core Competencies

Financial Planning

Trend Analysis

Management Reporting

Cash Management

AP & Purchases Support

Forecasting and Budgeting

Profitability and Cost Analysis

Sales and Marketing Support

Credit Analysis and Control

Payroll & Human Resources

Margin Analysis

Regulatory Reporting

Process Improvement

Customer Service

Warehouse Management

TECHNICAL SKILLS

Microsoft Dynamic AX, Great Plain, Accpac, Transvers, Excel, Word, Access, Outlook, Power Point etc.ES

SIONAL EXPERIENCE

PROFESSIONAL EXPERIENCE

Zoom Embroidery – Markham Jan 2016 - present

A private owned Computerized Embroidery manufacturer for well known Brands

Accounting Manager

Preparation of external and internal financial reports, handling of journal entries, AR, AP,Cash management, inventory control and bank reconciliation . Responsible for balance sheet analysis including monthly, quarterly, and annual reporting, process improvement, reconciliations, audits and other special projects and initiatives . Recommend changes to help maintain and improve financial systems and controls .

Preparing bi-weekly payroll, administration of employee benefit plan and handling human resources works .

Accomplishments:

The company made good improvement in cash position by having shorter days in collection, better bargaining power with suppliers with better payment terms and discount, better inventory control in reducing the stock level and obsolete stock .

Azelis Canada Chemical Ltd. – Toronto ON Nov 2001 – Sep 2015

An European private owned Pharmaceutical distribution company with an annual turnover of $50 million

Accounting & Human Resources Manager

As the Accounting & HR Manager with a team of 3 subordinates, I provide senior level consultation and financial advice and assisted client groups with complex budgeting and financial planning matters. Provided budget guidance and analyses to Senior Management as well as Regional & Head Office Council. Supervise AP staff in handling AP invoices and approve payments for suppliers . Handling human resources works and preparing payroll and bonus for senior rank employees and approve the periodic payroll run .

Oversaw the preparation, consolidation and analysis in consultation with client programs and Corporate Financial Planning. Developed operating budgets incorporating recommended actions to client senior-staff and Standing Committees; provided strategic and technical financial advice at each stage of the budget process.

Monitored, analyzed and prepared reports reflecting activities and trends in departmental expenditures and revenues. Researched and identified variances and provided solutions where applicable.

Resolved cost increases through better contract specifications requests and usage of policy changes. These changes resulted in major yearly savings and remain in place to date.

Accomplishments:

1.I am proud of my team to have a record of zero bad debt for the last five fiscal years

2.With an efficient management of cash, we have a significant cash surplus and able to provide an intercompany loan of millions to head office for years

3.Help the group IT team to launch the new AX12 system as a proven location to do the testing and parallel run

Samtack Computer Inc. - Toronto, ON Sep 1998 – Oct 2001

Owned by a public company of Hong Kong in computer parts distribution with an annual turnover of $200 million

Senior Financial Analyst

Responsible for the organization’s financial planning & analysis and management reporting. In addition, taking care of the payroll for offices in Ontario, Quebec, BC and USA.

Accomplishments:

Implementation of a new electronic time recording system for hourly rate employee which can fit into the requirements of the Ceridian payroll processing system . Such significant improvements have been made to improve cycle-time and accuracy of planning results.

Implemented a monthly Process Improvement Program within the Finance department. Enacted initiatives have decreased month-end closing time, improved budget variance reporting and decreased forecast preparation cycle time.

ATI Technologies Inc. ( acquired by AMD in 2005 ) – Toronto, ON Oct 1996 – Aug 1998

A Canada base public company in graphic display cards design and manufacturing with billions annual turnover

Financial Analyst

Managed general ledger entries and prepare sales & cost performance reporting and analysis. Streamlined the budgeting and forecasting processes ensuring company-wide consistency and reporting accuracy.

Accomplishments:

Set up the required books for a new accounting office in Dublin Ireland to capture the business activities in Europe

Train the new hired accounting employees in Dublin to learn how to prepare the required reports and analysis for the region

Successful in hand over the accounting and financial roles to the new team in the new office of Dublin

Managed the budgeting and forecasting processes with accurate insight, providing clear view of future profits and expenses.

EDUCATION & PROFESSIONAL DEVELOPMENT

Chartered Institute of Cost & Management Accountants (CIMA) – Finalist

Higher Certificate in Management Accountancy – University Of Hong Kong Polytechnic, 1990

(Equivalency BA – Business, Accounting Major, University of Toronto and entitled for exemptions in CMA & CGA)

Diploma in Business Studies – Hang Seng School of Commerce Hong Kong 1982

Certificate in Marketing – Lee Wai Lee Technical Institute Hong Kong 1982

Language

English, Mandarin & Cantonese

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