Sze Yi Foo
Division Financial Officer (DFO)
Summary
Dedicated Finance Professional with more than 10 years of experience in accounting and financial management. Experienced with financial analysis, budgeting, and strategic planning. Utilizes analytical skills to optimize financial processes.
Overview
17
17
years of professional experience
3
3
Languages
Work History
Division Financial Officer
Chub Insurance Malaysia Berhad
05.2024 - Current
- Execute and support Consumer Lines department on the annual planning and monthly forecast.
- Act as a key liaison person for P&L reporting for Consumer Lines of Business (eg. Medical, Personal Accident, Motor, Fire, Residential).
- Analyzed budgets, financial reports, and projections for accurate reporting of financial standing. Provide recommendation to improve forecast accuracy.
- Designed and maintained financial models to identify and measure risks.
- Collaborated with business unit to develop long-term financial plans.
- Prepare the commentary / write up for Board Paper, Executive meeting.
- Drafted reports for leadership to be used in strategic planning and decision making.
Manager, Financial Planning & Analysis
Chubb Insurance Malaysia Berhad
09.2016 - 04.2024
- Handle monthly forecasting and annual budget within a tight timeframe.
- Liaise with expense coordinator / business unit to build up the budget, involve in brainstorming session and provide recommendation and advice from financial perspective.
- Staff cost forecasting - Work with HRBP (Human Resource Business Partner) on the headcount forecast (eg. Incumbent, Recruitment, Replacement, Merit Increase, Bonuses, Vacancy)
- Analyzed P&L and provide the commentary on the monthly reporting pack to regional. Follow up with necessary action.
- Highlight if any risk of costs exceeded budget, to keep business operating within budget and increase profits.
- Prepare ad hoc request from the Head or CFO (eg. P&L simulation for what-if analysis)
- Managed a team of 3 (1 Assistant Manager, 2 Clericals) and motivated the team to be productive and engaged in work by having weekly catch up on the work schedule.
- Accomplished multiple tasks within established timeframes.
- Handled projects involved system upgrade and perform UAT, work with regional team on minimum supervision. Project go live successfully without major issue.
- Finance project, MyHR, is a HR cost forecasting system (TM1 Cognos under IBM). Was selected by the regional team to attend workshop in Singapore with cross countries sharing opportunity. As a subject matter expert, I need to carry out the UAT and perform the knowledge transfer to the local team members.
Senior Finance Executive
Chubb Malaysia Insurance Berhad
06.2011 - 08.2016
- Disbursed and processed payables, verifying invoices and other important documentation, strictly adhere to the SOP when process the payment.
- Checked payroll, vendor payments, and other accounting disbursements for accuracy and compliance.
- Responsible for the GL accounting for monthly closing.
- Handle accrual and review the accrual schedule from time to time.
- Worked on the cost allocation for line of business, housekeeping on timely basis as business growth.
- Enhanced internal control systems and procedures to mitigate risk and support opportunities.
- Went through merger and acquisition, contribute ideas for process standardization.
Finance Officer
Allianz General Insurance Malaysia
06.2008 - 03.2009
- Optimized cash flow management, ensuring timely payment of invoices.
- Prepared monthly reconciliation of bank accounts and took corrective actions on deviations.
- Collaborated with team leaders to define standards, policies and procedures to meet company revenue goals.
Education
Bachelor of Commerce (Hons) Accounting
Universiti Tunku Abdul Rahman
Malaysia 04.2001 -
Diploma - Business Studies (Accounting)
Tunku Abdul Rahman University College
Malaysia 04.2001 -
Skills
Financial Planning and Analysis
Internal Control
Variance Analysis
Cost control
MS Excel
Teamwork and communication
TM1 system
PeopleSoft system
Accomplishments
- Collaborated with HRBP in the development of MyHR project.
- Created an upload template for monthly forecasting, instead of manual input.
- Used Microsoft Excel to develop a production (NWP) tracking spreadsheets which widely used by the senior management team.
Timeline
Division Financial Officer
Chub Insurance Malaysia Berhad
05.2024 - Current
Manager, Financial Planning & Analysis
Chubb Insurance Malaysia Berhad
09.2016 - 04.2024
Senior Finance Executive
Chubb Malaysia Insurance Berhad
06.2011 - 08.2016
Finance Officer
Allianz General Insurance Malaysia
06.2008 - 03.2009
Bachelor of Commerce (Hons) Accounting
Universiti Tunku Abdul Rahman
04.2001 -
Diploma - Business Studies (Accounting)
Tunku Abdul Rahman University College
04.2001 -
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