Tony Chen

Phone: 214-***-****

E-mail: acz4c2@r.postjobfree.com

Qualification Summary:

Received BBA in accounting and MBA in Corporate Finance. Strong background in cost /inventory control in manufacturing & service environment. Hands-on experience in multinational corporations, domestic(US-GAAP) and international(IFRS), including accounting/finance, cost/inventory, manufacturing, supply chain, international trade(FX-Currency), and logistics.

Professional Accomplishments

Elegant Windows Inc, Arlington, Texas, USA 02/2007 - present

(Designed in US, manufactured in Asia/US, import & wholesale to Walmart, Home Depot, etc)

Sr. Cost Accountant/Financial Analyst-Cost/Inventory/Manufacturing/Supply Chain/Sales

For customized product, based on SO,WO,& ECN, enhanced process for building BOM/Formula & Routing for R&D/Lab in ERP, add,change,edit,update,copy common WIP BOM/Routing structure.

Cost/Re-cost RM, WIP, FG in BOM & Routing. Cost rollup at multiple level. Convert current costs to elements in BOM & Router, Maintained standard costs for material, labor, & variable/fixed overhead.

Improved line productivity by 35%, designing Financial/Operational KPI to monitor efficiency variance of Machine, Material, & Labor by MUV, PPV, LUV, LRV, Machine Run Rate, Machine Down Time Rate, Run Crew Rate.

Cut Costs 25% by cost comparison analysis for build, outside process(OEM)at global level.

Kaizen project to bridge the gap between supply & demand by controlling over/under PO/stock, inventory variance and MUV through: daily cycle count, gain/loss loot cause analysis, re-count adjustment, on time write-off, reconciling daily items on hand, & setting BOM tracker system to follow up & tackle the variances of item code, description, standard usage per, UOM, scrap %, and conversion factors, improving matching rate from 85% to 99%, order fill rate up to 100%, back order rate down by 20%.

Cut PPV/material costs 15% by enhancing bidding comparison process to appropriately evaluate bids from overseas & local vendors according to 6 Rs criteria(right price, right quality, right quantity, right lead time, right place, and right terms of payment)

Estimated full costs, mark up for pricing & quotation for new product development/project in WIN/PLM-SAP-ERP system, based on BOM/Routing, Variable/Fixed Overhead Rate, Machine/Material/Larbor Burden Rate for QC, M&R, Molding, Landing, Warehouse, and SG&A. Actual vs std costs per FG for COGS, Gross & Operating Margin & EBITDA control.

Improved inventory turns/cash position, supply chain, and operating margin by designing/implementing MRP inventory metrics for controlling flows of material, cash,& information, quality, lead time/full costs, starting from RM suppliers overseas, WIP in factory, FG on ocean/road, CIF-USA, and in warehouse, with OTB fluid rate increased by 38%, sales booking/bill rate up 55%, items days in hand decreased by 60% while inventory turnover up to 8 from 5,cut finance cost by 60%, and sales(RMA-In)/purchase(RTV-Out)return rate down by 36%, JIT and on time delivery up to 100%.

Inventory aging/shrinkage analysis and action taken to bring down obsolete item rate down by 45%.

Enhancing monthly/Quarterly financial reporting by consolidating & streamlining the process for Dash Report, Bridge Report, Flash Report, and Flux Report for US, Asia, EU.

Created, maintained weekly scorecard for divisions in US, Canada and Europe to analyze Price & Usage(Efficiency)variance between Standard Cost/Yield, master/rolling budget line items, and actual for controlling KPI:Gross Margin, OM,EBITDA,OCF,FCF,PPV, MUV, LUV,LRV, Overhead, Over/Under absorption, Sales & Marketing, Distribution, and G & A, resulted in narrowing down variance to 3% from 8%,brought up gross margin by 5% within 6 months.

Designed new overall rolling budget system based on sales booking/backlog, expected inventory cost(ERP-BOM-standard cost, labor, trims, accessories, finishing, shipping/handling), overhead and EBITDA for different product lines and cost centers.

Electrical & Electronics Ltd, 01/2002 - 01/2007

(Partnership Company for “Philips” in R & D, and manufacturing)

Sr. Plant Accountant/Financial Analyst

Designed new overall rolling budget system for various sites with an established policy, and processes with focuses on feed forward at front end, monitoring manufacturing processes, and initiate projects to correct variance at the end. Lowered deviation for operation expense relative to budget from 10% to 3%.

Established an inventory control system for satellite/plant warehouses

with consigned goods in DIY/chain stores nationwide. Created stocks

take procedure for internal auditing by investor appointed auditors. Reduced inventory

and charge back for discrepancies to 5% from 30%.

Restructure/integrate/streamline group systems by setting a shared financial service center via Citrix, and raised cash flow maximization by 38%, cut back financing cost for factoring by 22%, while improving information flow accuracy/quickness/consistency by 99%.

Improved external audit by PWC from 19-correction action to 2 items in 6 months.

Start from scratch, drafted and implemented new accounting/finance(BOM-standard cost)systems for a new appliance factory supplying Philips and improved workflow efficiency by 35% through six sigma methodologies.

Reduced FOREX risk by applying options hedging and minimized premium cost with structured FOREX deposits (interest swap, resulting in reducing realized loss by 90%

Reduced VAT(Value Added Tax) & tariff rates by 30% through a new tax strategy including appropriate application of multi-national transfer pricing mechanisms.

GE Aircraft Engine-Accessory Service, Grand Prairie, Texas 12/1998-12/2001

Senior Accountant/Senior Financial Analyst

Supervised and audited account reconciliation between Corporate Oracle and local system-Quick Aviation. Applied” four columns” auditing format to improve completion rate by 100%.

Coded corporate engineering services with hourly price rate to allocate cost directly to shops based on apportionment factor, resulting in improvement of performance evaluation for P&L Responsibility per shops across states by 65%.

By monitoring shop overhead control account and analyzing the differences between actual overhead incurred in local system:”Quick Aviation” and applied shop overhead with budgeted overhead rate in corporate system:”Oracle”, discovered & investigated tariff overpayments. Coordinated with freight forwarders and US Customs Service resulted in obtaining Customs Duty refund of $2,000,000 on temporary importation of engine.

Capex/Fixed Assets (Investment Project) management through NPV and IRR analyses for PP&E, and engine parts. Reduced machine idle rate by 23% while accelerate cash inflow for fixed assets investment.

Forecasted & controlled operating margins of project by allocating budgeted indirect and direct overhead rates to work orders. Compared actual costs of labor and material with estimated costs to perform price and usage variance analysis. Interfaced with production managers to determine factors of variance and brought down controllable expenses by 15%.

PrimeCo(Verizon Wireless), Headquarter in Westlake, Texas, U.S.A. 12/1996-12/1998

(Partnership between Bell Atlantic and Air Touch Communication on a 50/50 basis. A leader in wireless communication service in states.)

Senior Financial Analyst -Fixed Assets Management:

Based on PeopleSoft platform, Oracle database, applied SQL to run queries, Excel to sort, sub-total, Pivot table to analyze information on assets upload and market dump in U.S.A.

Provide monthly assets net changes analysis and explanation report to finance manager.

Reverse and re-class CIP to In Service. Hard book against accrual.

Reconciled G/L with assets management systems in headquarter on monthly basis, and provided variance/adjustment report for accounting director.

Applying NPV & IRR, prepared CEA to show WACC & ROIC for CaPex/fixed asset investment projects with Motorola and Lucent. Set up cost/schedule, budget variance report for controlling of Capex/Opex

Education:MBA- Corporate Finance, University of Dallas. Texas, U.S.A.

Access-Database Management, Tarrant County Community College. Texas, U.S.A.

BBA- Accounting, Shanghai University, China

Language: English, Chinese, Shanghainese, Cantonese.

PC Skills: Win(Word, Excel-Advance, Access-Database, PowerPoint),Great Plain, PeopleSoft,

QuickBooks Enterprise, Oracle Financial, Oracle, Financial Analyzer. Quick Aviation.

IBM-AS/400-MRP,JDE-ERP,QAD-ERP.IFS-ERP,SAP-ERP R/3.Hyperion.Cognos.

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