Avril Foo

• Manages full set of accounts for 3 companies (incorporated in Hong Kong, British Virgin Island and Delaware)
• Preparation of monthly loan schedule, Investment reports and Investment analysis ad-hoc reports for management review
• Preparation of half yearly and annual group cash flow & budget, asset register and analysis for management review
• Review project expense report, monthly and quarterly cash budget report
• Review monthly accounts of 10 inter-related companies (incorporated in British Virgin Island, New Jersey, Japan, UK and Thailand)
• Liaise with external auditors to ensure the reports meet IFRS standards (Hong Kong, Japan and Thailand)
• Work closely with Private bankers on Investment reports, Form 1099 and K-1
• Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
• Negotiated favorable terms with vendors, resulting in significant cost savings for the company.
• Enhanced budget management by implementing expense tracking and cost reduction strategies.
• Optimized cash flow with diligent monitoring of accounts receivable and payable.
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Increased financial efficiency by streamlining and automating financial reporting processes.
• Work closely with Tax Advisor to ensure proper records have been submitted to USA’s IRS
• Work closely with Thailand’s Tax Agent to ensure proper submission for monthly Value-Added Tax (VAT) and Withholding Tax (WHT), and Annual Return.
• Liaison with Bank/s on Account Opening Application and Loan Credit Facility Application
• Complied with established internal controls and policies.
• Supported CIO with special projects and additional job duties.
• Collaborated with C-level executives and stakeholders to develop long-term financial plans.
• Supervisory and trained new and existing staff members in various financial procedures to prepare for job requirements.

Achievements:

- Cleaned up the books of Dubai subsidiary in accounting system from 2006 – 2007

- Preparation of Mauritius’s accounts (Investment Fund) for the year ended 2007

- Rectified JP Morgan’s errors such as overstated the loan amount.

- Rectified UBS’s investment profit errors for Chairman’s USA tax submission.

Optimized project budget allocation by implementing comprehensive forecasting models and tracking expenses.

• Supervised month-end close activities for accurate reporting purposes while maintaining strict adherence to established deadlines.
• Played an instrumental role in supporting the company''s growth trajectory, providing critical financial insights that informed strategic planning initiatives and facilitated successful expansion efforts.
• Manages and improve cash flow management with timely invoicing, payment processing, and account reconciliation efforts.
• Preparation and Submission of CPF, GST & expatriates' IRAS
• Manages and liaison on tax planning execution and resolve related enquires raised by IRAS
• Liaised with IRAS on tax issues, Withholding Tax (WHT) payment and refund
• Liaised with external auditors, corporate office and government agencies
• Liaised with bank on banker’s guarantee when required by IRAS
• Coordinated with the resource planning team in Geneva and Kuala Lumpur for Employment Pass applications and visa applications
• Negotiated with Serviced Apartment management on rental price and hotels on corporate rates
• Evaluated and negotiated contracts to procure favorable financial terms for employees' accommodations
• Liaison with clients on their requirements and consultancy rates
• Supervised the HR and Admin team of 2 and more than 20 IT consultants
• Managed payroll processing, ensuring accurate compensation calculations and timely distribution for all employees.

Achievements:

• IT Implementation Services
• Helped the company to claim Withholding Tax refund of more than SGD 200,000 from IRAS
• Introduced and coordinated GST’s implementation

• Coordinated with the regions including Singapore to raise claims against vendors
• Communicated and resolved disputes with global clients regarding outstanding invoices, payments and adjustments.
• Analyzed the monthly claim reports that were generated from the MCS & SAP software and to provide reasonable explanation when the report’s outcome was not satisfying
• Processed royalty payment based on the terms and conditions stated in each contract
• Maintained monthly account accuracy by reviewing and reconciling contracts on royalty payments
• Required to keep track of the minimum payment due date for each vendor and their respective terms and condition
• Maintained monthly financial standings and royalty reports for regional bookkeeper to ensure timely process business transactions.

Achievements:

• Recovered claims amounting to more than USD$50,000 from two vendors, which the company had no dealings with for more than a year
• By fostering excellent relationships with vendors, managed to change the claim terms with a vendor and convinced another to release shipments that were on hold

• Responsible for maintaining the full set of accounts, preparation of monthly AR and AP reports
• Analyzed and reconciled general ledger control with in-house accounting software.
• Liaison with company auditors

• Maintenance of daily flight manifest and AP ledger
• Preparation of monthly payment to creditors
• Assisted in management reporting and preparation of monthly accounts.

• Assisted in maintaining full sets of accounts and month-end activities.