Alicia Foo

Finance Systems:

• Support and maintain finance systems in alignment with SOX requirements and internal controls
• Provide guidance to finance users on SAP system usage and compliance processes
• Oversee manufacturing cost centers and work center structures to ensure accurate cost allocation
• Established global costing standards to analyze actual costs and benchmark against local manufacturing expenses, ensuring cross-regional consistency
• Improved compliance with global costing standards from recurring gaps to zero monthly exceptions, preventing shipment blocks.
• Support month-end closing and financial reporting activities
• Partner with IT on system enhancements, testing, and issue resolution
• Developed and implemented training programs to elevate team competency and operational efficiency.

Financial Planning and Analysis:

• Spearheaded annual budgeting and projections, collaborating with 6 schools and 29 corporate departments to ensure accuracy and alignment with organizational goals.
• Acted as a key liaison, addressing user queries, and verifying the reasonableness of budget/forecast submissions.
• Worked closely with the Head of Directors to ensure project scopes, directions, and budgets were on track with proposals.

Financial Reporting and Compliance:

• Orchestrated timely quarterly/half-yearly/yearly statutory financial and statistical reporting, ensuring adherence to regulatory standards.
• Facilitated the submission of financial statements to the Board of Governance and the Singapore Department of Statistics.

Financial Management and Analysis:

• Oversaw accounts/project monitoring, including the creation of codes and budget entries upon receipt of completed documents.
• Conducted thorough review and analysis of financial information to ensure compliance with professional and regulatory standards.
• Supported monthly and annual close processes, including accruals, deferrals, and interdepartmental entries into the NYP accounting ledger.
• Assisted auditors and the Director of Finance in various financial duties as required.

Systems Testing:

• Engaged in User Acceptance Testing (UAT), contributing to Workday testing initiatives.
• Leadership and Team Management:
• Directed a team in the thorough review and checking of Accounts Receivables billings and journals, ensuring accuracy and compliance with documentation standards.
• Implemented robust quality assurance procedures to uphold data integrity and financial accuracy. Provided guidance and support to team members, fostering a collaborative work environment focused on achieving organizational objectives.

• Accountant (Jul22 to Aug23)
• Assistant Accountant (Jul19 to Jul21)
• Senior Account Executive (Jul17 to Jul19)
• Account Executive (Sep14 to Jul17)

Annual Budgeting/Forecast:

• Collaborated with stakeholders across departments, addressing queries and ensuring the reasonableness of budget/forecast submissions.
• Supported the preparation and validation of Budget and Forecast Runs, achieving results verification within 2 days of system output through Anaplan.
• Partnered with upper management to align project scopes, directions, and budgets with proposals.
• Management Reporting and Variance Analysis:
• Generated and analyzed reports comparing Actual vs Budget/Forecast, conducting variance investigations and adjustments.
• Orchestrated timely monthly closings and crafted management presentations using PowerPoint/Power BI.
• Executed Group Consolidation (P&L) including intercompany eliminations.

Project Management Experience:

• Enhanced Reporting Templates:
• Led a project to enhance reporting templates, resulting in increased efficiency, and streamlined processes. Collaborated with cross-functional teams to identify areas for improvement and implemented solutions to optimize reporting processes.

Automated Stock Reconciliation:

• Played a pivotal role in automating stock reconciliation between Oracle Fusion and Maximo systems. Coordinated with IT Teams and end-users to gather requirements, oversee development, and ensure successful implementation. Resulted in improved accuracy and timeliness of stock reconciliation processes.

RRM Global Dashboard UAT (Power BI)

• Participated in UAT sessions, ensuring data integrity and mapping accuracy between RRM cube (Oracle Smart View) and RRM Global Dashboard (Power BI), providing actionable feedback.

Month-End & Year-End Closing:

• Contributed to month-end closing activities, including journal entries and audit trail maintenance.
• Engaged in reconciling intercompany balances during year-end procedures.

Training and Development

• Facilitated onboarding for new team members, leveraging expertise to train them on finance system utilization on Oracle Cloud.

Treasury and Investment Accounting:

• Managed treasury operations, including the accounting for investments, cash management, and maintenance of banking and investment accounts.

Financial and Management Reporting:

• Prepared comprehensive financial and management reports, providing insights into investment performance and financial health. Implemented strategies to optimize reporting processes, enhancing efficiency and accuracy.

Collaboration and Relationship Management:

• Fostered strong relationships with external fund managers, custodians, and auditors, facilitating effective communication and collaboration.
• Worked closely with stakeholders to ensure compliance with regulatory requirements and internal policies.

Net Asset Valuation and Fund Management:

• Oversaw net asset valuation processes and unit pricing for unit trusts and insurance-linked funds, ensuring accuracy and compliance with regulatory requirements.
• Managed investment funds for Asia Pacific regional clients, providing strategic guidance and delivering strong investment performance.

Financial Reporting and Reconciliation:

• Conducted thorough reviews of bank securities, unit holdings, and other reconciliations to maintain data integrity and accuracy.
• Prepared balance sheets and income statements, providing clear insights into fund performance and financial health.

Client Interaction and Relationship Management:

• Generated comprehensive reports for unit trusts, insurance-linked funds, managed portfolios, and investment funds, catering to diverse client needs.
• Addressed client queries and collaborated with fund managers, trustees, and counterparts within the bank to ensure exceptional service delivery and client satisfaction.