Irene Ong
Summary
I am a finance professional with extensive background in financial analysis and management. I am known for driving process improvements and implementing strategic financial planning. I am also a reliable team player with focus on collaboration and adaptability to changing business needs.
I adept at streamlining financial processes and enhancing reporting accuracy, I significantly improved month-end efficiency and compliance during my tenure at A.Raymond Singapore Pte. Ltd. Skilled in SAP and my strategic approach to budget forecasting and audits has consistently driven company growth and financial stability.
Overview
28
28
years of professional experience
Work History
Finance Manager
A.Raymond Singapore Pte. Ltd.
11.2017 - Current
- Handle group consolidation and daily financial operation of Singapore, Vietnam and Thailand.
- Reviewed documentation and identified financial discrepancies where applicable.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- 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.
- Strengthened internal controls through regular audits and adherence to regulatory requirements.
- Implemented risk management strategies to protect company assets and minimize losses.
- Oversaw successful integration of financial systems post-merger, ensuring seamless transition for all stakeholders.
- Enhanced financial reporting accuracy by implementing advanced software solutions, leading to more informed decision-making processes.
- Optimized cash flow management, allowing for timely investment and debt reduction.
- Fostered culture of continuous improvement by training team members on financial best practices and software enhancements.
- Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
- Improved forecasting accuracy, allowing company to make proactive adjustments with strategic initiatives.
- Spearheaded annual budgeting process, ensuring alignment with strategic goals and facilitating smoother departmental operations.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Complied with established internal controls and policies.
- Established internal audit procedures to validate and improve accuracy of financial reporting.
- Handle payroll (Singapore, Vietnam and Thailand) and ensure timely reporting to authorities.
Senior Accountant
MRI Group Pte. Ltd.
09.2014 - 06.2017
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Updated general ledger with latest entries.
- Completed year-end closing processes with controllers and external auditors.
Finance Manager
Coastal Oil Singapore Pte Ltd
06.2013 - 07.2014
- Reviewed documentation and identified financial discrepancies where applicable.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Coordinated with external auditors to ensure smooth and compliant audit process each fiscal year.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
Accounts Manager
Komoco Motors Pte Ltd
04.2008 - 03.2013
- Managed effective tax planning strategies, minimizing tax liabilities while adhering to legal requirements.
- Enhanced financial reporting accuracy by streamlining budget planning and forecasting processes.
- Spearheaded efforts towards creating an annual budget that aligned with company goals and objectives.
- Supervised a team of finance professionals, fostering a collaborative work environment focused on continuous improvement and professional development.
- Improved cash flow management with proactive monitoring of accounts receivable and payable, leading to increased liquidity.
- Facilitated timely communication between departments regarding budgetary concerns or discrepancies.
- Successfully managed multiple audits, ensuring a timely and accurate completion while maintaining positive relationships with external auditors.
- Contributed to the development of strategic business plans by providing financial expertise during cross-functional meetings with sales, marketing, operations, and technology teams.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
Senior Accountant
Thome Ship Management Pte Ltd
08.2007 - 04.2008
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reviewed documents and accounts for discrepancies and resolved variances.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Assisted in external audits by preparing necessary documentation and responding to auditor inquiries.
- Updated general ledger with latest entries.
- Provided timely and accurate financial reporting to senior management, enabling informed decision-making based on reliable data.
- Enhanced budget forecasting accuracy, employing comprehensive variance analysis techniques.
Assistant Finance Manager
Esys Technologies Pte Ltd
02.2005 - 07.2007
- Ensured timely completion of month-end closing procedures for accurate financial statements.
- Led successful audits by maintaining organized records and providing clear communication with external auditors.
- Provided expert guidance on tax compliance, reducing the company''s exposure to penalties and fines.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Reviewed documentation and identified financial discrepancies where applicable.
Finance & Accounts Executive
Mach I Knitting Pte Ltd
08.2001 - 01.2005
- Managed relationships with external auditors to facilitate smooth audit processes while addressing concerns promptly.
- Reviewed expense reports regularly for accuracy and adherence to company policies, preventing misuse of funds or misallocation of resources.
- Streamlined financial reporting processes for faster monthly closing of books and accurate results.
- Reduced overhead costs with effective budgeting strategies and cost control measures.
- Ensured regulatory compliance by staying updated on tax laws and filing accurate tax returns on time.
- Managed accounts payable and receivable, ensuring timely payments while maintaining strong vendor relationships.
- Responsible for monthly payroll and HR related matters
- Coordinate with production manager to ensure production efficiency
Senior Business Executive
Loke Lum & Partners
05.1997 - 06.2001
- Reporting to Partner and lead a team of accounts executives and assistants
- Reviewed documentation and identified financial discrepancies where applicable.
- Streamlined month-end close process, reducing time spent on manual tasks and improving data accuracy.
- Ensured compliance with local, state, federal tax regulations; timely filing of all required documents, mitigating potential penalties or fines.
- Mentored junior finance staff, fostering professional development and strong team dynamics.
- Trained new and existing staff members in various financial procedures to prepare for job requirements.
- Processed invoices and contacted appropriate parties for timely payment receipt.
- Payroll management for clients including CPF, IR8A and IRAS requirements
- Business developments
- Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
- Collaborated with cross-functional teams for strategic business planning and growth initiatives.
- Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
- Prepared regulatory financial reports, balance sheets and income statements.
Education
FCA -
Institute of Chartered Public Accountant of Singap
01-2007
FCCA -
Association of Chartered Certified Accountants
01-2004
Skills
- Budget forecasting
- Consolidation
- General ledger accounting
- AP and AR management
- Month-end reporting
- Financial statement review
- Audit coordination
- Tax preparation
- Generally accepted accounting principles
- Financial reports
- Transfer Pricing
- Internal controls
- ERP system : SAP, Navision, Sage
- Project management : SAP, Arengi, Sweep, OneHr
- Payroll management
- Insurance management
- Organizational development
- Microsoft Excel
- Problem-solving
- Multitasking
- Team collaboration
Languages
English
Bilingual or Proficient (C2)
Chinese (Mandarin)
Bilingual or Proficient (C2)
Software
SAP
Navision
Sage
Microsoft Office
JustLogin
Timeline
Finance Manager
A.Raymond Singapore Pte. Ltd.
11.2017 - Current
Senior Accountant
MRI Group Pte. Ltd.
09.2014 - 06.2017
Finance Manager
Coastal Oil Singapore Pte Ltd
06.2013 - 07.2014
Accounts Manager
Komoco Motors Pte Ltd
04.2008 - 03.2013
Senior Accountant
Thome Ship Management Pte Ltd
08.2007 - 04.2008
Assistant Finance Manager
Esys Technologies Pte Ltd
02.2005 - 07.2007
Finance & Accounts Executive
Mach I Knitting Pte Ltd
08.2001 - 01.2005
Senior Business Executive
Loke Lum & Partners
05.1997 - 06.2001
FCA -
Institute of Chartered Public Accountant of Singap
FCCA -
Association of Chartered Certified Accountants
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