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CV CFO / Vice President - Finance / Finance Director, Regional Finance Director

CFO / Vice President - Finance / Finance Director, Regional Finance Director

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CV/Resume ID no.: 79865

Location (Residence): Petaling Jaya, Malaysia
Citizenship: Malaysia
  Native: Chinese PRC, Chinese Hong Kong, Chinese Singapore, Chinese Macau
  Other: English, English United States, English United Kingdom, English Australian, English New Zealand, Indonesian, Malay Malaysia, Malay Brunei Darussalam
Education & Experience: Work Authorization & Relocation:
  Masters in MBA

Years of Experience: 20 years
Authorized to work in:
Present Location:
   Malaysia, Kuala Lumpur
   China, Hong Kong, Macao, Singapore
Category Subcategory Ability Experience
Management Financial Expert 28 years
Commercial/Financial Planning Expert 24 years
Commercial/Financial Accountant Expert 26 years
Management Operations Experienced 26 years
Management Project Management Experienced 19 years
CV/Resume Details
1. Summary (Cover Letter) - CV/Resume Part 1 [Mandatory]

Dear Sir/Madam,

Please consider me as a candidate in your executive search. Currently, I am looking forward to a difference challenge and greater exposure position. I believe I could contribute positively to your client’s organization with my exposures and experience.

I am holding MBA and ACCA professional qualification. In my career path, I have been worked with MNCs, local listed company and non-listed group of company as APAC CFO, Regional Finance Director, Asia Regional Finance Controller, Country Financial Controller and Head of Finance in managing the finance activities and worked closely with top management to enhance financial and business planning and organization development.

The position in Merck Sharp & Dohme enable me to build up my worldwide networking, replicate best practices across the country and region, optimize cross country teamwork and develop organization strategy. My superior evaluated my performance as top performance rating and rewarded a certificate of achievement. I have also obtained In-country STRAT MAP (Financial and Business Strategy Planning) Consultation certificate of engagement from US headquarter.

The latest role in Alan Dick & Co. provides a good exposure in high tech industry for corporate restructure to turnaround the business and financial performance.

Enclosed is the resume that demonstrates my characteristics, financial management, organizational development experience and leadership skills.

Thank you for your time and consideration.

2. Work Experience - CV/Resume Part 2 [Mandatory]

Employer : Alan Dick & Company
Position : Regional Finance Director / CFO (Asia Pacific)
Period of service : Since 2005


Alan Dick & Co. is a UK registered global communication infrastructure solutions company. Regional Finance Director / CFO is an active business partner in strategy planning and managing financial performance for business sustainability in the competitive edge, while providing organizational and administrative leadership for the financial and fiduciary operations of the business

• Business and Organisation Development
- Liaise with Regional Operation Director and Chief Operating Officer to discuss the financial performance and business strategy for the region
- Suggest resources allocation within the region
- Review country monthly performance
- Review new customer liquidity and creditability position
- Prepare reports for Board requirements
• Treasury & Tax management
- Advise tax and treasury for overseas bids
- Advise and negotiate trade facilities arrangement for project financing
- Review regional cash flow management
- Advise tax planning on import/export of materials
- Review and work with consultant on the optimization of corporate tax within the region
• Budget and Strategy Planning
- Liaise with UK Corporate in setting and cascading the regional strategy
- Review and comment on Asia Pacific countries budget and strategy planning
- CAPEX control
• Standardise financial practices towards operational excellence
- Simplify financial reporting for internal and external requirements
- Revenue and cost recognition concepts as per IFRS guidelines.
- Cash flow forecast/management report for Board requirement
- Policy maker in enforcing compliance
• Pricing management
- Review the financial implication on all bids
- Involve global transfer pricing and supply chain service from upstream to downstream
- Review the costing analysis against selling price
• Talent management
- Envisage learning and development plan for Finance team and sharing best practices within
Finance in the region
- Coordinate with Country Managing Director to provide opportunity for country Finance team to be involved in business meeting.


The change of industry creates a good opportunity to attain business restructure for an organization.

Business and Organisation Development
1. Restructured Australia, Singapore, Philippines and Thailand plant/factory.
2. Successfully reviewed new customers’ creditworthiness for Indonesia, Pakistan and Malaysia.
3. Advised the reallocation of resources between cross country projects.
4. Advised Country Managers to review the performance on the actual vs. budget and provide action plans.
5. Assisted in developing Key Account management concept for Indonesia and Pakistan and
recruitment of Business Development Managers.
6. Developed risk management on project orders.
7. Developed quarterly review process with HQ and subsidiaries.
8. Converted Bangladesh branch office to subsidiary.

Treasury and Tax management
1. Changed positive cash flow position for Thailand and Malaysia entities with HSBC and UOB trade facilities.
2. Proposed inter-co agreement for China and UK in repatriation of funds and the appropriate % of dividend declaration before 2008 due to China government will impose withholding tax for repatriating dividend to overseas holding company in 2008.
3. Converted inter-co loan to equity for Malaysia.
4. Minimise 15% cross country tax exposure for Korea, Vietnam, Thailand and Malaysia for import/export materials.
5. Successfully work with Deloitte to clear Australia and Singapore tax liabilities.
6. Proposed Bangladesh repatriation of funds to UK headquater via Thailand to overcome Bangladesh Centre Bank restriction on funds transfer.

Budget and Strategy Planning
1. Revisited and advised changes to Asia Pacific countries strategy so that they are in line with corporate strategy in focusing to target selected segment and market. i.e. broadcast and maintenance markets.
3. Discussed with Corporate and Operation dept to set up the desired gross margin, overhead, operating profit and cashflow.
3. Revised China, Indonesia and Pakistan gross margin for budget planning.
4. Proposed cost management on overhead and identified rooms for improvement on materials orders.
5. Proposed and presented to UK Board to increase investment via equity to China so that it could penetrate for bigger market thru difference tender bids.
6. Introduced controllable and non-controllable cost management.
7. Applied change strategy to shift the Sensustech division control hub to Asia and reallocated resources from group level to region level.
8. Increased Pakistan share capital to fulfil local revised company registration and enrol for government sponsored tender list.

Standardised Financial practice
1. Set up guidelines for project revenue and cost recognition SOP for the region and highly recommended by Group level Board of Director.
2. Implemented Hyperion system for consolidation and liaison with UK to provide Hyperion training to the region.
3. Implemented e-banking and IFS system.
4. Enforced standard group audit pack for the region.
5. Resolved IFRS vs. China GAAP, UK GAAP vs Thailand GAAP, UK GAAP vs Indonesia
6. Input to new group policy development and cascaded to country level

Pricing management
1. Advised Indonesia, Malaysia, Thailand, Pakistan and Bangladesh bids within higher margin and better financial support.
2. Proposed better payment terms and conditions with customers.
3. Obtained 10% rebate on inventory sold to 3rd party who re-produced the finished goods as designed.
4. Proposed supply chain ERP for Holland in capturing and controlling inter-company pricing.
5. Negotiated with inter-company on transfer pricing for antenna special design at 7.5% mark up.

Talent Management
1. Country Head of Finance able to participate the monthly business meeting and monthly project meeting.
2. Created short term assignment
- Singapore Finance staff transferred to Thailand for 2 months
- Malaysia finance staff stationed in home country but worked for Singapore for 3 months
- Philippines finance staff transferred to Australia for 2 months.
3. Promoted Senior Accountant to Country Finance Manager for Philippines and Pakistan.
4. Replaced Indonesia, Thailand and Bangladesh with higher integrity and good steward Country Head of Finance in practicing better corporate governance.
5. Created Finance and Accounting centre of excellence in Malaysia and applied train the trainer concept that Malaysia Finance team has provided training to Thailand, Indonesia and China.

Employer : Merck Sharp & Dohme (I.A.) Corp.
Position : Asia Regional Finance Controller ( Director level )
Period of service : 2001 - 2005


Merck Sharp & Dohme (I.A.) Corp. is a fortune 100 pharmaceutical company. The role of regional finance generally is :

• Business and organization development support to Asia Regional Director/Vice President on :
- Strategy planning : ensure markets strategy is aligned to corporate and regional strategy, resources are allocated to appropriate initiatives to drive the business and priorities the risks and opportunities.
- Profitability evaluation : monitor market performance with quarterly review of top line and bottom line with markets.
- Risk management : ensure markets develop BCP and DRP.
- Organisation development : restructure market sales and marketing team, restructure market functional support team.
- Corporate governance : ensure compliance guidelines are communicated and country leadership is accountable to the practices.
- JV business : liaise with FEOB board on all JV financial reports and continue to optimize the business model of co-promotion market vs. single presence market.
- Talent management : provide coaching and development to country Finance Directors and Managers in financial aspects and business operation.
• Budget and Profit Planning
- Set agenda for regional profit planning on 5 years long range operating plan and 2 years profit plan.
- Coordinate with all markets on the budget and profit planning presentation.
- Review Asia Pacific countries budget and profit planning.
- Oversee country monthly performance, advise country managing director and finance director on the country performance in relate to marketing and financial concerns.
- Evaluate whether to launch a product in current year or future by using difference methodologies for instance product life cycle, BCG matrix, break-even chart, MAT forecast and learning curve analysis.
• As a consultant and sharing best practices on :
- Capitalise budget & expenditures system for internal reporting.
- Internal audit & compliance.
- Stewardship.
- Values & standards.
• Support Corporate Finance to :
- Ensure Stewardship recharge for tax planning.
- Minimise tax exposure on transfer pricing.
- Negotiate favourable distributor margin.
- Work with country tax agent on custom duties, VAT, GST.
- Ensure working capital is available to operate the country business.
- Evaluate and liaise with local bank on trade facilities.
• Standardise regional practices :
- Accounting recognition on US GAAP & IFRS
- Internal reporting formats e.g. monthly cashflow budget, budget and expenditures system, monthly operating forecast before month end and franchise reporting.
- Setting policy & procedures e.g. grant of authority, travel policy & others.
- SOX requirements.
- Tax and treasury reporting structure.
- Legal review on standard contracts and documents.
• Strive operational excellence within Asia Pacific region
- Optimise finite resources by implementing REG system to measure the efficiency of an organistion by allocating cost centre expenses to sub-process centre.
- Initiate global financial shared services concept.
- Enforce AP Hub improvements on reporting, stock out issues and inventory forecast.
- Effective tax planning and optimise treasury control.
• Pricing evaluation
- Coordinate with corporate office to ensure market product sales are above minimum net pricing and determine price premium or discount for new products launch.
- Justify the possibility of price changes to difference market especially certain markets have difference reimbursement guidelines such as China, Korea, Taiwan, Philippines, New Zealand and Australia.


Merck Sharp & Dohme is enable me to build up my worldwide networking, replicate best practices across the country and region, optimize cross country teamwork and develop organization strategy. My superior evaluated my performance as top performance rating and rewarded a certificate of achievement. I have also obtained In-country STRAT MAP (Financial and Business Strategy Planning) Consultation certificate of engagement from US headquarter. Leading compliance and risk management program for Asia Pacific was one of my key tasks and the last key milestone was the development of finance shared service and business restructure.

It is a great challenge where regional personnel are scattered around where my superior is located in Hong Kong, Australia & US, my subordinate is located in Singapore plus all the dotted lines from country Finance team. Self-disciplined is highly crucial with virtual office but it did not deter me in attaining the following :

Business and Organisation Development
1. Successfully set up MSD Thailand and MSD Indonesia entities.
2. Restructured Vietnam, Korea, Philippines and China Finance team.
3. Evaluated distributorship for Malaysia, Singapore, Korea & Philippines to obtain favourable distribution margin and supply chain support.
4. Managed change of distributorship model in Hong Kong and Vietnam from direct sales to consignment and quasi consignment.
5. Evaluated potential JV business structure – single presence, co-promotion & co-marketing in some countries when regional management team is in doubt to current JV business set up.
6. Assisted in developing business continuity plan (BCP) & OFAC compliance process within region.
7. Initiated product life cycle overview to review and analyse the fast uptake strategy of new products and generic defense strategy for patent expiry products.
8. Identified the risk and return portfolios of products and markets
9. Reset pricing for new product and it was varied according to country business and health environment such as government regulation, competitor pricing and generic pricing.
10. Supported regional franchise director to evaluate and proposed the change of business model to business unit structure and it was accepted by CFO & Vice president in US corporate office.
11. Analysed, reviewed and provided comments for regional franchise directors to standardise common codes in recognition and classification of marketing activities in the region.
12. Evaluated Anti-biotic market on new launch products in each market and generate higher market share, market growth and profitability in next few years.
13. Analysed Finasteride market performance for the region and proposed the flow of presentation for franchise director.

Tax and Treasury Management
1. Restructured stewardship recharge to minimize tax exposure.
2. Reset transfer pricing with AP Hub to minimize tax exposure for new entities and the change of distributor margin for established entities.
3. Dividend declaration for MSD China JV business with US corporate office.
4. Suggested and provided ideas to country Finance team in forecasting sufficient working capital for start up business - MSD Thailand and MSD Indonesia.
4. Evaluated country bankers on banking facilities and obtained good deal on REPO rate and lower service charges.
6. Determined the appropriate reporting currency in local statutory report in particular to capital control countries – China and Malaysia.

Corporate Governance / Internal Control
1. Attained "meet Merck's standards" rating for internal audit requirements and standards for Taiwan, Malaysia, Singapore, Philippines and Vietnam.
2. Standardised regional policy and procedures on medical education program, travelling, grant of authority, capital management and contribution.
3. Advised and supported stewardship training program for Merck Manufacturing in China and Indonesia.
4. Be the committee member for regional compliance team and coordinated and developed compliance checklist for the region.
5. Developed the accounting practices for Asia Business Standard / Compliance guidelines.
6. Successfully led the regional project team to enhance internal control questionnaires process, develop financial control checklist and develop basic training programs on risk management.

Financial Reporting
1. Designed monthly and quarterly franchise reporting for regional franchise directors and vice president to identify potential opportunity and risks in each country.
2. Identified and developed Merck/Schering Plough JV business process guidelines and practices for co-promotion market and single presence market, set up JV financial planning & accounting structure in recognising product performance by Merck level and consolidation level.
3. Initiated and developed EA (Estimated actual) reports and discussion with senior management and US Corporate to ensure realistic forecast with consideration of existing and potential risks and opportunities.
4. Harmonised relationship between AP Hub and market offices on supply chain services for inventory management, sales forecast and reporting.
5. Advised country finance director on restatement of medical expenses, external affairs by reporting as R&D regular instead of sales administration.
6. Developed risks and opportunities guidelines for the region and to be used during financial planning and business management.
7. Proposed and developed common reporting format for APROC (JV business with BMS) in the region and harmonized the JV budget for both parties.

Financial System
1. As the pioneer to implement B&E system in Asia Pacific region to enable department head and business unit directors to manage over/under spending by reviewing budget and expenditure on monthly and year to date basis.
2. Successfully led the B&E double bytes project for China, Korea, Taiwan & Japan. This enables local financial system to prepare statutory reports.
3. REG system was implemented to identify the inefficiency areas and reallocated resources to right cost centre and accomplished both cost and time saving to the organisation operation, particularly for China and Taiwan.
4. Proposed and supported Cognos planning system implementation for Taiwan, Thailand and Singapore.
5. Proposed and supported eExpense claim system for Singapore, Hong Kong, Thailand and New Zealand.
6. Coordinated with IBM consultant on the financial system interface with SAP implementation.
7. Championed and implemented Essbase and PPDM financial planning system for the region.
8. Initiated eRoom (Documentum) for regional and country financial reporting database.

Operational Excellence
1. Deployed and introduced AMEX Corporate card to Singapore, Philippines and Hong Kong with best deals.
2. Introduced corporate procurement system (CPS).
3. Initiated quarterly tele-conference to share best practices amongst Asia Pacific region.
4. Attained outsource services on payroll for Malaysia, Philippines and Thailand so as Merck employee could focus on more value added financial services such as re-engineering procurement process, cascading compliance process to mitigate risks on accounting scandals and others.
5. Coordinated with Deloitte and identified potential share services/practices among the AP region by standardizing selected process.
6. Successfully chartered and implemented China centralized share services (ERP).

Talent Management
1. Mentor for all new finance directors to familiarize the organization and business operation.
2. Involved country finance team in all the regional projects so that they are being developed.
3. Successfully developed the head of finance for MSD Indonesia, MSD Hong Kong and MSD Vietnam.
4. Rotated the regional financial analyst role from country to country so as they are ready for manager role after the assignment.
5. Rotated country finance staff to participate in the regional pre-audit process.
6. Provided training to Regional marketing team on financial management.
7. Proposed and organized MSD Malaysia financial planning team to share and train MSD China financial planning team.

Employer : Merck Sharp & Dohme (I.A.) Corp.
Position : Financial Controller
Period of service : 1997 - 2001


Merck Sharp & Dohme (I.A.) Corp. is a pharmaceutical company; the major operation in Malaysia is sales and marketing. In general my responsibilities are :

• Oversee finance department in responsible to the following operation
- Company budget, sales & inventory forecast, promotion expenses and capital spending at main office and outstation branches.
- Ensure product pricing proposal is justifiable.
- Review monthly financial reports.
- Ensure report necessary adjustments during year end closing of account.
- Provide analysis of variance for sales, inventory, expenses, headcount, geographical location and ratio interpretation for local management, regional and corporate requirements.
- Revise local policy and procedure.
- Treasury control & netting approach.
- Capital spending.
- Support and optimise the utilisation of JD Edwards and financial planning tools in decision making.
• Cost management
- Liaise with senior management on resources allocation.
- Apply outsourcing opportunities.
- Partner with other entity in sharing resources.
- Roll out operational excellence in the organization.
• Internal audit/control
- Comply with corporate and local financial policy & procedures.
- Cultivate staff on the adherence of policy & procedures and instil the essential of stewardship, ethical practices, values & standards.
- Capitalise opportunity and mitigate existing and foreseeable risks.
- Perform and lead internal audit for South East Asia subsidiary, such as Singapore and Philippines, the latest assignment is at UK.
• External audit
- Compliance with local authority.
- Review the statutory report and consult statutory adjustments.
• Budget and Profit Planning
- Coordinate with headquarter to cascade and develop the 5 years and 2 years profit plan.
- Review and discuss with management team to determine the projection by ensuring overall perspective is adapted to the evolving environment.
- Liaise with regional finance and other Asia Pacific entity to excel the potential growth and expectation in the region.
- Communicate with headquarter on the development of profit planning system in order to reflect the true and fair view.
• Treasury control
- Review and manage cashflow budget.
- Advise management on the short-term investment, corporate loan and currency hedge.
- Liaise with central bank to manage exchange control for non-resident control company.
• Company secretarial and legal communication
- Liasie with White House Station (US headquarter) to update and amend local company resolution.
- Coordinate with White House Station and Regional office for year end submission to ROC.
- Coordinate with Shearn Delamore (local legal adviser) and regional legal adviser to resolve legal issues.
• Corporation tax implication
- Discuss with appointed agent on the reporting of local income and justify audit adjustments including employee stock option since local employees obtain US stock option.
- Communicate to management on the cross border tax implication of sales and expenses
- Minimise transfer pricing issues.
• Strategic planning
- Active member in developing country level 5 years strategic planning by referring to Asia Pacific critical success factors.
- Improve and track the strategic planning and obtain feedback from management team.
- Provide advice to revamp organisation structure from functional reporting to franchise/business unit reporting.
- Involve product performance and life cycle in determining their strategic objectives, initiatives and actions.
• Local marketing and financial survey
- Participate in SCOPE project, one of the regional market research initiatives to understand the customer behaviour and perception.
- Liaise with external consultant to obtain relevant financial information in evaluating the selective performance of pharmaceutical industry, such as IMS and PhAMA data.
• Other management and financial planning involvement
- Liaise with corporate in setting appropriate transfer pricing to minimise parallel import/export incident.
- Update country backgrounder to regional office in term of market movement
- Talent management project.
- Evaluate and communicate distributorship - consignment basis.
- MIS initiatives, Intranet and e-business.
- Corporate initiatives, P2P and B2B.


As a controller of Finance department with eight team members in the pharmaceutical company, I have accomplished the following:

Financial Reporting
1. Finance reports are submitted successfully to US Headquarter on time.
2. Able to work with logistics in Australia to reduce the stock turnover ratio and improved inventory management with AP Hub on board.
3. Revised local gross profit margin for profit planning with the concurrence from Headquarter (US).
4. Developed monthly management reports.
5. Developed product P&L report
6. Developed business unit P&L report.
7. Developed risk and opportunity against base case report.

Financial System
1. Set up all financial systems.
2. New approach of customer pricing in WINK (customised software) which could monitor pricing changes effectively.
3. Involved in the set up of Intranet web site and has developed Finance & Admin. home page.
4. Developed AMEX corporate card, distributor, travel agent, peoplesoft interface with JDE.
5. Developed JDE interface to SCB.

Operational Excellence
1. Sharing best practices amongst Asia Pacific region since Malaysia is selected to be the pioneer for : - Organisation restructure : business unit.
- New financial reporting software : budget & expenditures.
- Optimise profit planning module : long range operating plan and integrated operating plan.
- Best clinical research reporting.
2. 1st entity to launch AMEX corporate card.
3. Developed new expenses claim process.
4. Proposed medical dept. in utilizing imaging technology for regulatory filing.
5. Conducted preferred vendors evaluation.
6. Able to minimize short expired product in the store with the implementation of reviewing monthly report from distributor and on-line real time transactions.

Corporate Governance/Internal Control
1. Achieved an outstanding rating for internal audit requirements and standards for Malaysia and Singapore subsidiary.
2. Able to mitigate risk assessment on tax audit conducted by Inland Revenue Board in 2001.
3. Able to cultivate the internal control of operational functions via sales manager at each branch on inventory control; safeguard company assets, compliance of policy & procedures.
4. The only short listed corporate guest auditor in Asia Pacific to audit MSD UK.

Tax and Treasury
1. Liaison with banker for trade facility on new distribution (consignment) project.
2. Able to get approval from central bank on inter-co financing.
3. Able to generate sundry income and cash flow (MYR50K) from REPO with effective treasury management since MSD corporate treasury imposed tight control to overseas subsidiaries.
4. Developed appropriate transfer pricing for all products and able to breakeven the company profit before tax in 5th year after evaluating the pharma industry practice and performance.
5. Discussed and determined the capital allowance for assets with PwC.
6. Reported the ESOS with the support from PwC.

Business Support
1. Successfully set up Malaysia entity.
2. Restructured organisation from functional operation to business unit/franchise operation.
3. Assisted management on the revision and renewal of distributorship and it was approved and endorsed with favourable term and condition.
4. Provided financial advice in pricing proposal for marketing team.
5. Prepared AP Hub proposal and coordinated the set up in country level.
6. Participated in the new product launching project.
7. Advised joint venture project - Merck & Schering-Plough.

Talent Management
1. Team members were trained on the preparation of FDM model (Treasury package), Budget & Expense reports and utilise JD Edwards FASTR/Dream writer to generate customise financial reports. Cross-functional responsibilities are constantly improved amongst finance team. Delegation and empowerment were given to handle :
- AFR/GLOBE/WINK – month end closing reports transmit to corporate.
- Cross checking financial reports.
- Team members are able to back up each other during absenteeism; the functions refer to accounts, finance, treasury, audit, tax, logistics, and office administration.
- ESM : monthly sales and expenses forecast.
2. Cultivated team members to use distinct judgement on ambiguous issues such as grant of authority, business ethics and conflict of interest.
3. Encouraged creativity and innovative within department in which team members have redesigned the financial analysis reports.
5. Successfully developed MSD Malaysia associate finance director.

Employer : Syarikat Lian Ping Enterprise Sdn Bhd
Position : Head of Finance Period of service : 1995 – 1997


The organisation is a local conglomerate with a number of subsidiaries and oversea branches, variously involved in interior construction, renovation, quarry, furniture manufacturing, marble factory and other related industry.

As the head of finance and accounts department, one accounts supervisor and few accounts assistant are under my guidance. General responsibilities are :-

• Perform regular accounting system reviews on various companies with constant appraisal of internal control regards to strengths and weaknesses.
• Plan and direct assignments to subordinates, ensuring compliance of policy and procedures.
• Budgetary control and forecast for entire group of companies which consist of project accounts, profit and loss account, balance sheet, cashflow, notes and assumptions.
• Debtors and creditors control through verifying on monthly debtor’s schedule and creditors aging report.
• Financial control such as hedging of foreign exchange rate, application and utilisation of general banking facilities, checking cashflow amongst the group of companies via financial weekly report.
• Finalise and review management accounts which has prepared before submission to top management so that adjustment can be done on time.
• Presentation of final report to top management before audit and follow by audit planning with external auditor, to set deadline, provides information and advice during audit.
• Check on capital allowance, tax computation of sole proprietor, limited company after audit and elaborate to management.
• Liaison with contract, project, purchasing, IT, administration and human resource departments for daily operation, call for meeting if necessary.
• Safeguard branches accounts in Mauritius and China are reported in true and fair view, complied with accounting standard and required detailed schedules for clarification especially on consolidation.
• All the accounting operation is wholly computerised by network system. Therefore, password to access the system must be controlled.
• Ad hoc jobs are special investigation of accounts, government survey, company resolution, insurance and oversea investments.


During my tenure of service, I have assisted in the restructuring of the organisation as proposed by directors and centralised accounts department with the concurrent of the operation manager and directors.

The original organisation structure is same group of shareholders are holding few companies, this is a family business and they were reported separately to Inland Revenue and Registrar of Companies. Due to the expansion, directors proposed to develop group of company for IPO status, i.e.

Before Restructured

After Restructured


Hence, we centralised accounts department to run the consolidated accounts and manage the inter-company transactions effectively.

Other attainments are :
- Foreign currency hedge is applied for Mauritius and China currency to minimise foreign exchange exposure risk. We made use of Singapore dollars accounts in Singapore to transact the foreign transfer and the company able to refrain from exchange lost.
- Reset transfer pricing within inter-company for tax planning purpose which enabled tax minimization.
- Standardised the financial year-end for all the inter-company to 31 December.
- Initiated weekly financial report to maximise utilisation of inter-company funding instead of applying external loan. It saved company for 1% O/D interest rate.
- Established first 5 years high level budget for the group of company.
- Feasibility studied and analysed the acquisition of furniture manufacturing and resort with the advice from Hock Hua Bank and Tax agent.
- Introduced letter of credit (L/C) to facilitate the export of furniture to Japan.
- Rolled out computer network (Novell system) to extend the sharing of accounting software for more employees in accounts department.
- Consulted and set up the proper finance & accounting system for both Mauritius and China branches for better financial reporting.
- Established group tax planning and minimise MYR1m tax payable.

Employer : Pilecon Engineering Berhad
Position : Accounts Executive Period of service : 1992 - 1995


Pilecon Engineering Bhd is the 1st few construction companies listed in 1st Board of KLSE, extensively involve in construction and property development other than infrastructure, IT, engineering, resort management & many other industries. The group of company consist of > 20 divisions, >100 subsidiaries and related companies in Asia. Yearly turnover is approx. USD60 billion with 4,500 employees. Most of the projects are subcontracted and outsourced to 3rd party.

As an accounts executive, I have, under my supervision and guidance, a team of six accounts assistance. I am responsible for holding company and few subsidiary accounts.
Duties and responsibilities include the following :-

• Plan and direct the assignments under my responsibility, such as preparation of management accounts, inter-company reconciliation, project costing, analysis of expenditures, debtors and creditors control.
• Allocate the jobs and brief the team on the approach, nature and scope of work to be carried out and ensuring of assignments meeting the set deadlines.
• An in-depth review of procedures, past transaction and discovery of fraud.
• Maintain accurate, controlled accounting records, ensured compilation of statutory accounts in accordance with approved accounting standard.
• Finalise and review reports for submission to internal audit department and top management.
• Monitor expenditures against budget, identifying and analysing variances, forecasting future income and expenditures and budgeting control of other aspects.
• Liaison with internal and external auditor, assisting and providing information as required.
• Procedure ad hoc reports as requested, such as government survey, KLSE request and reporting to non-financial senior management verbally and in writing.
• Liaise with finance department for cashflow issue and banking facilities.
• Check on audited accounts, discuss with internal and external auditor if there is discrepancies, especially computation of tax and audit adjustments.


Within 3 years of service, the accounts department has increased from 5 employees to 7 employees as requested due to the expansion of the construction company. The major achievements are :

1. Consolidated holding company with division accounts, there are total 6 divisions, previously in-charged by internal audit department.

2. Provided financial analysis for subsidiary company to justify the over/(under) spent.

3. Captured warrant issued in the holding company’s accounts in order to reflect for the KLSE requirement.

4. Settled unresolved reconciliation within inter-company and cleared the provision of uncertain claim which was recorded in the books for quite sometimes.

5. Submission of management reports earlier than deadline.

6. Advised finance department to hedge forward payment for Tensar’s supplier since credit term is 90 days.

7. Assisted internal audit department to conduct first internal audit in holding company for payment process.
8. Insisted perpetual treasury report as required by finance department for lease payment, loans, Repo, Banker acceptance, Trust receipt and inter-company payments are essential for finance department decision making.

9. Finalised the project accounts (joint venture with Japanese company).

10. Standardised the chart of accounts for holding company and subsidiaries.

11. Set FIFO method to manage inventory for Tensar.

12. Collated and prepared holding company and subsidiaries budget, initially prepared by internal audit department.

Employer : Fu Ye Sdn Bhd
Position : Accounts Officer Period of service : 1990 - 1992


Fu Ye Sdn Bhd is an engineering company who market and sell hydraulic and woodworking machines. The source of supply is German, Japan, Taiwan & China. The key customer is the manufacturer of local automobile. My responsibility is in-charged the full set of accounts.

Sales Ledger
I was responsible for setting any over/(under) supply, financial and freight terms and conditions and communicate with customers and arranging the right time for goods delivered. Monthly statement will be sent out to respective debtors.

Purchase Ledger
I controlled the purchase ledger which is involved checking suppliers’ invoice for price and quantity, matching to goods received notes, coding, obtaining authorisation for payment, batching invoices for processing on the ledger and reconciling statements with purchase ledger. I was arranging payments of accounts in the form of cheques, direct debit and credit transfer. The creditors ledger was maintained in both US dollars and the NT dollars with transactions largely taking place in US dollars, conversion took based on latest market rate. However, occasionally differences in exchange arose and were accounted for. After goods imported, clearing procedures were done as soon as possible.

Nominal Ledger
I responsible for the creation and posting of journals to a handwritten nominal ledger. These included the posting of monthly bought ledger summary, sundry accruals and prepayments. Expenditures were allocated whether capital or revenue, reconciliation of capital ledger and control account of accounting for acquisition of assets.

Calculation of salaries, wages, increments, overtime using manual methods, computation of statutory and non-statutory deduction including PAYE and notional insurance. Completion of statutory return in respect of PAYE that liaison with Inland Revenue and tax queries including C.P. 39.

Preparation and reconciliation of bank and cash accounts, cross checking with banker on the current accounts. Accounting for credits, standing order and direct debit transfer. Accounting for all entries into cash accounts and checking all receipts and payments to supporting documents, petty cash recording and control thereof. Determined which is the best currency to settle payment either GBP or USD to Taiwan in order to minimise currency exposure risk.

Management report
I responsible for extracting a monthly trial balance, preparation of a set of monthly management accounts, funds flow and cash flow statement. I supervise the monthly workload of accounts and I was responsible for billing. I designed the adequate accounting system and complied the provision for depreciation.

Office administration
Correspondence with customers and suppliers, arrangement for exhibition at trade fair and involved in the translation of Mandarin to English and vice versa.

Employer : Carbon Paper & Ribbon Co. Sdn Bhd (Soon Seng Group)
Position : Accounts Clerk Period of service : 1988 - 1989


Carbon Paper & Ribbon Co. Sdn Bhd is the subsidiary of Soon Seng Group and wholly involves in manufacturing of carbon paper and ribbon. They leased the high-end machine from Switzerland. purchased ink from German and ordered paper/ribbon from Japan and Thailand for production.

My duty is in-charged full set of accounts as follow :

Sales Ledger
I was responsible for setting any over/(under) supply, financial and freight terms and conditions and communicate with customers and take down the orders.

Purchase Ledger
I controlled the purchase ledger which is involved checking suppliers’ invoice for price and quantity, matching to goods received notes, coding, obtaining authorisation for payment, batching invoices for processing on the ledger and reconciling statements with purchase ledger. I was arranging payments of accounts in the form of cheques, direct debit and credit transfer. Creditor invoices are maintained in US dollar, Japan Yen, Thai Bahts, Switzerland Francs and Germany Marks, with transaction largely taking place in Switzerland Francs and Germany Marks.

Nominal Ledger
Allocation of expenditures between capital and revenue, reconciliation of capital ledger and control account.

Preparation and calculation of salaries, wages, increments, overtime using manual methods, computation of statutory and non-statutory deduction including PAYE and notional insurance. Completion of statutory return in respect of PAYE that liaison with Inland Revenue and tax queries including C.P. 39.

Preparation and reconciliation of bank and cash accounts, cross checking with banker on the current accounts. Accounting for all entries into cash accounts and checking all receipts and payments to supporting documents, petty cash recording and control thereof. Arrangement of letter of credit for purchasing materials.

Management report
I responsible for extracting a monthly trial balance, preparation of a set of monthly management accounts, funds flow and cash flow statement with adequate provision of depreciation. Other subsidiaries and prepared at the similar format.

Verified and computed the materials and labour allocations, overheads (distinguishing between fixed and variable), valuation, standard costs, variance report, stock and work in progress control (FIFO method). Forecasting new project cost and benefits.

Office administration
Correspondence with customers and suppliers, liaison with EDP department to provide latest debtors aging information and involved in the translation of Mandarin to English.

3. Education & Training - CV/Resume Part 3 [Mandatory]


• Kuen Cheng Girls' High School 1981 -1986
• Systematic Business Training Centre 1987 - 1988
• FTMS-ICL Training Centre 1990 - 1995
• Sunway College 1996
• University of Leicester, UK 1999 - 2000

Academic Qualifications

MBA –University of Leicester ( 1999 – 2000 ), CA – MIA , (1997 ), ACCA ( 1996 ), LCCI Diploma in Accounting ( 1988 ), SPM, UEC, Pitman Word-processing and others ( 1985 – 1986 ).

4. Computer Skills - CV/Resume Part 4 [Mandatory]
Microsoft office, HP 9000, AS400, JD Edwards, Cognos, Peoplesoft, Hyperion, MYOB, IFS, SAP, Accpac & ERP.
5. Other Skills - CV/Resume Part 5 [Optional]
Language skills

Read, Write and Speak : English, Mandarin and Malay
6. Additional Information - CV/Resume Part 6 [Optional]

MIA ( 1997 ) & FCCA ( 2000 )


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CFO / Vice President - Finance / Finance Director, Regional Finance Director
CV/Resume ID no.: 79865

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