Simon LIU

CPA

● Green Card Holder ● Address: Syosset, New York

● Email : acxcb1@r.postjobfree.com ● MOBILE: 516-***-****

EDUCATION

Chinese University of Hong Kong Executive Master of Prof. Accounting

Guangdong University of Foreign Studies Bachelor (English of Accounting& Finance)

PROFESSIONAL QUALIFICATIONS AICPA ACCA,

LANGUAGE SKILLS English, Cantonese, Mandarin

CAREER HISTORY

A public listed company with annual turnover $1.1B Sep. 2011-Present

Assistant CFO (North America) Based in New York

●Oversee financial operation of North America region of 3 branches in New York, Atlanta and LA;

●Lead finance team of 4 responsible for financial planning, budgeting, accounting, reporting that complies with US GAAP;

●Assist in formulating the company’s future direction and participate in key decisions as a member of executive management team;

●Monitor and direct the implementation of strategic business plans and develop performance measures (e.g individual sales contribution, shipment files processed per operation staff) ;

●Prepare annual budget as well as rolling 3 months’ forecast and monitor budget progress.

●Implemented SAP.

●Monitor cash flow and working capital, especially AR management;

●Develop comprehensive expense control and identify areas of continuous cost improvement;

●Maintain appropriate insurance coverage and ensure the company complies with all legal and regulatory requirements;

●Develop tax saving strategies;

Achievements:

●Contributed to the survival and turnaround of business from loss -5.3M in FY2011 to net profit 2.0M in FY2015;

●Increased revenue 60% by motivating branch managers by implementing the bonus schedule, i.e. 30% of net profit;

Amoy Food Group Nov. 2007-Aug.2011

A consumer goods company with annual turnover USD 500M Amoy soy sauce& frozen food.

Group Finance Manager - Amoy Hong Kong HQ (Based in HongKong)

●Lead Financial Reporting team of 12 including 4 accounting managers across 4 business locations: Hong Kong, North America, Shanghai and South China.

●Oversee monthly closing process and ensure timely and accurate preparation and submission of consolidated financial statements at group level to Ajinomoto Headquarter and statutory report that complies with IFRS and Hong Kong GAAP.

●Interface with Ernst & Young auditors to ensure that all statutory requirements are met.

●Prepare annual budget as well as rolling 3 months’ forecast and monitor progress.

●Provide value added analysis to support strategic and operational decision making process

●Carry out annual tax assessment and group tax planning by setting up transfer price.

Achievements

●Appointed as Acting Treasury Controller, led Group’s treasury teams:

-Monitor Group’s cash flow and prepared consolidated cash flow forecast;

-Negotiated with HSBC, Standard Chartered Bank and set up overdraft facilities

-Carried out forwards to hedge USD against RMB with Standard Chartered Bank

●Closely monitor P&L and B&S items and contributed to achievement of FY2011 EBIT and KPIs.

●Carried out $4.5M capital investment project assessment, annual planning and progress monitoring.

●Lead system migration to SAP in charge of FIN (Finance) and SCM (Supply Chain Management) Module setting.

Sr. Internal Control Manager -Amoy Shanghai (Based in Shanghai)

● Lead Finance of 16 across 4 functions: Business Planning, IT, Internal Control& Treasury and Financial Reporting.

● Prepare statutory financial reports that comply with Chinese GAAP and IFRS.

● Ensure SOX requirements are well-executed and propose the corrective actions against internal control weakness.

● Develop strong relationships with Directors, business and functional heads; and act as a resource to these leaders on control issues while maintaining independence

●Reports on internal auditor's findings, recommendations and agreed-upon corrective actions and monitor their implementation.

● Carried out internal control & audit review across 8 departments and assisted Group’s internal audit project.

● Prepare mid-term plan, annual budget and rolling quarterly estimates;

● Carry out working capital control and treasury management including cash flow forecast.

● Negotiated with HSBC, SCB and BTMU to set up loan facilities and carried out annual review.

● Closely monitored working capital KPI incl. DSO,OFCF, DTO, DPO and drove for achievement.

●Carried out capital injection implementation project as part of Ajinomoto acquisition project.

●Align Amoy’s accounting policy and reporting package with Ajinomoto Group.

Achievements

●Led the project of setting up key company’s policies: authorization Policy, AR Policy, Credit Control Policy, Goods Return Policy, Procurement Policy, Fixed Assets Management Policy…

●Spearheaded visit to 21 local distributors at 8 states around the country to build up direct internal control and finance’s contact and assess business risks.

●Led and succeeded in the project of clearing long term overdue of AR $11M by direct AR reconciliation, internal coordination, business process improvement and legal method.

●Visited 16 supermarkets to assess business risks on goods return, VAT invoices &AR collection.

●Established an effective credit control mechanism.

●Carried out regular audit at 11 sales offices on Trade Support and consumer promotion expenses.

●Encountering the soaring cost of soy bean, lead the project of key material hedging with Citibank by purchasing soy bean futures contracts at CBOT, saving USD 1.1M.

Eden Refrigeration Company -Sub. Of Singapore Fareast Refrigeration Group

Sells & Manufactures refrigeration equipment with annual turnover of $50M

Finance Manager Jan. 2006-Nov. 2007

● Led finance and HR management, reporting to Group CFO & Managing Director.

● Responsible for monthly, quarterly and annual all management and statutory reporting in line with Singapore GAAP and IFRS;

● Worked out standard cost for each model of end product including cooler, condenser.

● Designed internal transfer pricing scheme with Singapore HQ.

● Negotiated credit facilities with United Bank of Singapore and Shanghai Bank .

● Handled capital injections, USD settlement and receipt and Letter of Credit;

Achievements

●Got across board initiatives of Sales Incentive Scheme stimulating sales growth, coupled with Expenses Control Policy reducing trip and entertainment expenses below 1% of turnover.

●Enforced effective control procedures in critical areas including operation processing, cash management, AR, AP and inventory, and monitor their strict compliance.

●With personal persistent effort, applied for tax preferential treatment from Shanghai Municipal Government and succeed in our attempt. Resulting tax savings exceeds USD 1.0M

FLEXTRONICS Industrial Co.

Accountant Jul. 2002 up to Dec. 2005

–World’s leading EMS provider of USD 1B turnover

●Using ERP Baan, maintained Cost Accounting System

●Analyzed actual manufacturing costs of XBOX(Microsoft), NOKIA handsets, Sony Erission handsets, Apple Computer parts and preparing reports comparing actual cost vs. standard costs;

●Conduct variance analysis of material variance, direct labor, indirect labor and indirect overhead;

●Prepared cost amortization schedule;

●Reconciled finished goods inventories;

●Maintain standard cost cards;

●Handled General Ledger transactions for financial reporting that follows US GAAP.

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