Summary
Overview
Work History
Education
Skills
References
Timeline
Generic

Lee Fong Yong

Summary

23 Years of experience and practical insight of General Accounting. Familiar with different business processes in construction, manufacturing, F&B and retail.

Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.

A multi-tasker, friendly and engaging team player and leader able to inspire staff to perform their best.

Overview

26
26
years of professional experience
5
5
years of post-secondary education

Work History

FINANCIAL CONTROLLER

MOLEAC PTE LTD
4 2021 - Current
  • Improved financial reporting accuracy by streamlining processes and implementing efficient financial controls.
  • Oversaw all aspects of month-end close process, ensuring timely completion of accurate financial statements for executive review.
  • Maintained strong relationships with external auditors, facilitating smooth annual audit processes and addressing any concerns promptly.
  • Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.
  • Streamlined revenue recognition procedures for improved accuracy in sales forecasting.
  • Monitored budget allocation and expenditures to enforce compliance with company policies.
  • Collaborated closely with department heads to establish accurate budgets and monitor performance against targets.
  • Led organizational cash flow and cash flow forecasting initiatives.
  • Supported executive-level decision making through development of clear KPIs, financial metrics and dashboards.
  • Managed team of 3 finance professionals, providing guidance, support, and ongoing training to ensure continued growth and development.
  • Planned budgets, authorized expenditures, monitored accounting processes, established service rates and coordinated financial reporting to oversee all fiscal procedures

ACCOUNTING MANAGER

MOLEAC PTE LTD
8 2016 - 4 2021
  • Coordinated efforts between accounting team and other departments to ensure accuracy in interdepartmental transactions recording and proper cost allocation.
  • Managed successful audits by collaborating effectively with internal and external auditors.
  • Investigated daily variances and corrected errors to resolve discrepancies.
  • Monitored budget allocation and expenditures to enforce compliance with company policies.
  • Developed and implemented various procedures to improve accounting process.
  • Collaborated with other departments to achieve accurate and prompt financial reporting.
  • Led team of 3 accounting professionals in achieving department goals while fostering positive work environment.
  • Educated accounting team on forecasting, financial statuses and financial strategies to assist in annual budget creation.
  • Collaborated cross-functionally to develop departmental budgets for optimal resource allocation and cost control.
  • Checked vendor payments, commissions and other accounting disbursements for accuracy and compliance.
  • Conducted detailed variance analyses to identify areas of improvement in financial performance.
  • Managed payroll data entry and processing for +40 employees to comply with predetermined company guidelines.

SENIOR ACCOUNTANT

MOLEAC PTE LTD
07.2015 - 08.2016
  • Handled month-end and year-end end finances by managing and reporting balance sheet schedules and fixed assets data.
  • Provided journal entries and performed accounting on accrual basis.
  • Trained new employees on accounting principles and company procedures.
  • Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
  • Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
  • Contributed to hiring, training and development of accounting teams.
  • Prepared working papers, reports and supporting documentation for audit findings.
  • Streamlined financial reporting process by implementing new accounting software and automating tasks.
  • Involved in upgrade and conversion of in-house financial systems.
  • Spearheaded team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
  • Assisted team members in transitioning to new system through extensive training and one-on-one support.

SENIOR ACCOUNTANT

ALPHA1 TECH PTE LTD
01.2013 - 01.2015
  • Prepared monthly journal entries and reconciliations.
  • Reconciled accounts and created documents for monthly closure procedures.
  • Completed year-end closing processes and delivered timely financial report for annual statutory submission.

FINANCE MANAGER (HR AND ADMIN)

GRENZONE PTE LTD
01.2011 - 01.2013
  • Trained new and existing staff members in various financial procedures to prepare for job requirements.
  • Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
  • Processed invoices and contacted appropriate parties for timely payment receipt.
  • Executed vendor setup and payment, administration of bank accounts and account reconciliations.
  • Checked vendor payments, and other accounting disbursements for accuracy and compliance.
  • Carried out full spectrum of HR function, recruiting process and payroll processing.
  • Spearheaded implementation of financial software systems to enhance productivity and reporting capabilities.

ASST. FINANCE MANAGER

MEATWORKS SINGAPORE PTE LTD
01.2010 - 01.2011
  • Setup and involved recruitment of Singapore Finance team.
  • Setup of accounting and retail POS system.
  • Led 3-member finance team in Singapore and 6-member finance team in Malaysia.
  • Responsible for preparation and closing of monthly and annual financial statements.
  • Supervise and review of preparation of financial statements, for up to five subsidiaries.
  • Coordinate and liaise with external parties like external auditors, tax agents, corporate secretarial

ASST. FINANCE MANAGER

CHAMP FUNGI PTE LTD
01.2008 - 01.2009
  • Performed closing of monthly and annual financial statements.
  • Coordinate and liaise with external parties like external auditors, tax agents, corporate secretarial agents, local tax and government authorities where required.
  • Ensured timely completion of month-end closing procedures for accurate financial statements

ACCOUNTS SUPERVISOR

THYSSENKRUPP ELEVATOR SINGAPORE PTE LTD
01.2005 - 01.2007
  • Supervised AR and AP team on day-to-day operations.
  • Process of Employees claims.
  • Responsible for preparation and closing of monthly and annual financial statements.
  • In-charged for Company GST submission.
  • Achieved and managed to bring the AR aging from >365days to 60days within 6months of intensive credit processes.

ACCOUNTS ASSISTANT

PANASONIC AVC NETWORKS SINGAPORE PTE LTD
01.2002 - 01.2005
  • Prepared of month end schedules – accrual, prepayment and monthly expense schedule.
  • Reconciled Capital expenditure and Authorization Expenditure to support management team for control.
  • Prepared of GST submission report.
  • Monthly reconciliation of monthly foreign employees’ payroll and withholding tax.
  • In-charged of Interco company billing and reconciliations.
  • Participated in ERP - Oracle implementation project, actively involved in FA and GL module setup.

ACCOUNTS ASSISTANT

WOLECO HOTEL SUPPLIES PTE LTD
01.1999 - 01.2002
  • Performed of customers billings and collections.
  • In-charged of yearly audit exercise for AR related matters.
  • Assisted in the preparation of accurate financial reports for senior management decision making.

Education

Honors Degree of Bachelor in Accountancy Studies - Accountancy

University of Portsmouth (Thames Business School, Singapore)
Singapore
01.2002 - 12.2006

Skills

Proficient in Microsoft office (Word, PowerPoint,Adobe and Excel)

Fluent in written and spoken English & Chinese

Highly independent and ability to provide sound solutions to problem and manage issues professionally

Strong coordination of project/tasks/activity across other departments

Good working attitude with high intensity and sense of urgency

Ability to work under strict timelines with high ambitions to meet desired goals

Audit preparation

Payroll Processing

Inventory Accounting

Financial statement review

Intercompany Transactions

Consolidation Accounting

References

To be provided upon request

Timeline

SENIOR ACCOUNTANT

MOLEAC PTE LTD
07.2015 - 08.2016

SENIOR ACCOUNTANT

ALPHA1 TECH PTE LTD
01.2013 - 01.2015

FINANCE MANAGER (HR AND ADMIN)

GRENZONE PTE LTD
01.2011 - 01.2013

ASST. FINANCE MANAGER

MEATWORKS SINGAPORE PTE LTD
01.2010 - 01.2011

ASST. FINANCE MANAGER

CHAMP FUNGI PTE LTD
01.2008 - 01.2009

ACCOUNTS SUPERVISOR

THYSSENKRUPP ELEVATOR SINGAPORE PTE LTD
01.2005 - 01.2007

Honors Degree of Bachelor in Accountancy Studies - Accountancy

University of Portsmouth (Thames Business School, Singapore)
01.2002 - 12.2006

ACCOUNTS ASSISTANT

PANASONIC AVC NETWORKS SINGAPORE PTE LTD
01.2002 - 01.2005

ACCOUNTS ASSISTANT

WOLECO HOTEL SUPPLIES PTE LTD
01.1999 - 01.2002

FINANCIAL CONTROLLER

MOLEAC PTE LTD
4 2021 - Current

ACCOUNTING MANAGER

MOLEAC PTE LTD
8 2016 - 4 2021

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Lee Fong Yong