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CPA Australia

Location:
Kowloon, Hong Kong
Posted:
March 23, 2015

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Resume:

(Private & Confidential)

CURRICULUM VITAE

PERSONAL DETAILS

Name : KK SIU Gender : Male

Email : acouct@r.postjobfree.com Contact No : (852-********

PROFESSIONAL QUALIFICATION

Associate member of the Hong Kong Institute of Certified Public Accountants January 1997

Fellow member of Association of Chartered Certified Accountants January 2002

Member of CPA Australia August 2014

EDUCATION BACKGROUND

Msc Information Systems Hong Kong Polytechnic University 2002-2005

Msc Finance Chinese University of Hong Kong 1998-2000

BA (Hons) Accountancy City University of Hong Kong 1990-1993

WORKING EXPERIENCE

Maxim’s Caterers Ltd - Food & Beverage Arm of the Dairy Farm Group with over 800 stores

and 20,000 staff in Hong Kong, China and Vietnam. 2013 Annual sales

were over US$1.5 billion

- Transferred to this position to build up consolidation and financial

reporting framework, and to improve cash management

Senior Manager, Corporate Accounting (June 2010 to Present)

- Led Corporate Accounting team and reported directly to Corporate Controller, and in charge of

the consolidated financial and management reporting of the Group

Financial reporting and taxation (50%)

- Led and set up internal team to handle Group consolidation and financial reporting

- Managed monthly consolidated management reporting package to board of directors

- Drove and developed Group financial analyses for top management decisions and long term

plans

- Managed tax reporting to Tax authority in Hong Kong and tax planning of the Group

- Set up regular review and strengthened controls on balance sheet items of all Group companies

- Drove standardization of accounting policies and guidelines within the Group and for new

acquisitions

Key achievement:-

Took in charge of statutory consolidation of Maxim’s Group from Pricewaterhouse Coopers

in 2011. In return, Group audit fee was reduced by 10% and time required for year end

reporting was shortened by 5 days to only 10 working days

Treasury (50%)

- Responsible for over-viewing treasury matters of the Group, and monitoring cash positions of

different countries

- Led treasury initiatives and other projects to improve cash flow processes and operation

efficiency

- Monitored and managed foreign exchange position of the Group and formulated hedging plans

- Piloted projects to reduce assets employed and increase yield on surplus cash

(Private & Confidential)

- Established treasury policies and guidelines for the Group and new acquisitions on how to

manage banking relationship, surplus cash and foreign exchange hedging

Key achievements:-

Substantially increased interest income of Maxim’s Caterers Ltd by four folds to over

HK$20million within two years through reducing excessive assets employed, streamlining

cash receipt and payment processes, better cash flow planning, working closely with

bankers on setting up cash pooling

Established standardized treasury guidelines, governance and reporting from scratch, which

increased transparency and efficiency of treasury operations

In charge of a pioneer project with Standard Chartered Bank on “Virtual bank account”

which improved cash receipt process and significantly reduced occurrence of unknown cash

deposits

In charge of a project to streamline processes on recovery of rental deposits and

substantially reduced outstanding deposit balance by 70% or HK$40 million

The Dairy Farm Company Ltd - a Listed FMGC Group in Asia Pacific (2009 annual sales:

US$8.1 billion from over 5,000 retail outlets and 60,000 staff)

Senior Finance Manager (from Feb 2008 to May 2010)

- Led 7-Eleven operation finance team and report directly to finance director, and overviewed the

business of 7-Eleven HK & Macau

- Managed monthly management reports, monthly rolling forecast, and annual budget

- Reviewed feasibility studies and post-implementation of new stores, and made recommendations

- Led financial analyses to improve operational efficiency

- Developed financial models and ABC analyses to evaluate new business opportunities

- Led post-implementation review to assess new projects against feasibility studies

- Reviewed loss making stores and formulated plans to address those stores with operations team

- Reviewed work flow and strengthened internal controls

- Acted as the key contact of finance function with IT department on a number of projects

- Coordinated due diligence and ad hoc projects

Financial Controller (from Oct 2007 to Feb 2008)

- Stationed in Guang Zhou to lead the finance function of 7-Eleven South China and work with

CEO to stabilize the business

- Formulated strategic plans of the business

- Drove annual budget exercise and set long term financial plans

- Reviewed and steam-lined different reporting and business processes, and strengthened internal

controls

- Presented monthly financial results to stakeholders, and attended shareholders’ meetings

- Reviewed and assessed feasibility studies on new stores and lease renewal

Group Finance Manager (1 Apr 2005 to 7 Oct 2007)

Finance Manager (1 Jan 2001 from to 31 Mar 2005)

Senior Financial Analyst (24 July to 31 Dec 2000)

- Led a team of six qualified accountants and report directly to Group financial controller

- Led preparation of consolidated audited financial statement of the Dairy Farm International

Holdings Limited which is listed in the London and Singapore Stock Exchange

- In charge of Group monthly management reports and variance analyses

- Led Group budget, monthly rolling forecast and 3-year plan

- In charge of financial analyses of new investment opportunities

- Developed financial models and scenario analyses to support strategic decision making

- Led market analyses of different retailing businesses, both internal units & external competitors

(Private & Confidential)

- Reviewed & oversaw business performance of subsidiaries and associates in the Asian Pacific

region

- Being a core project leader to automate consolidation process and implement Hyperion

Enterprise

- Planed and coordinated overseas Hyperion Enterprise training to internal users

- Participated to set long-term financial objectives to drive business, such as growing EVA

- Familiarized and implemented latest IAS and IFRS developments

Star East Management Ltd

Accountant (1999 to 2000)

- Prepared monthly consolidated reports & variance analyses

- Handled full set of accounts

- Prepared budget and forecast

- Evaluated new projects

- Set up computerized accounting system

Sea Land Service, Inc.

Senior Financial Analyst (1995 to 1999)

- Prepared monthly management reports & variance analyses

- Prepared annual audited accounts

- Prepared HK tax computation

- Implemented Oracle accounting system

KPMG Peat Marwick

Senior Accountant (1993 to 1995)

- Auditing

LANGUAGES

Written : Fluent in English (IELTS 7.0 in Writing) and Chinese

Spoken : Fluent in English (IELTS 7.0 in Speaking), Mandarin and Cantonese

IETLS : 7.5 in Listening and Reading, Overall: 7.5

SKILLS

Microsoft Office : Proficiency in all Office applications

Financial modeling : Excellent modeling skills with the use of Macros

Hyperion Enterprise : Experienced system administrator (6 years)

Accounting Software : Experience in Oracle (Since 2008), TM1 (Since 2013)

HOBBITS & OTHERS

Member of Jardine Sports Association Dragon Boat Team (Since Mar 2005)

Honorary Treasurer of Hong Kong Sheng Kung Hui St James’ Church (Since Jan 2014)

Finance Committee Member of Hong Kong Sheng Kung Hui St James’ Church (1999-2007,

2009 to Present)

REFERENCES

Available on request



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