Tey Hooi Weon
Finance Analyst
Singapore
Summary
Talented leader with analytical approach to business planning and day-to-day problem-solving. Experienced Business Manager skillful in monitoring and managing daily business operations with focus on continuous improvement. Decisive and analytical with 18-year history of successful industry performance.
Offering diverse experience in business management and project coordination. Quick-learning with excellent multi-tasking skills and mastery of new technology. Have 3-year experience in developing visualization reports and interactive dashboard using Power BI analytic tool, pivot chart and pivot table. Commended for innovation and creative problem-solving to address business challenges.
Overview
22
22
years of professional experience
Work History
Manager, Business Management
Aurora Tankers Management Pte Ltd
07.2017 - 04.2023
- Develop and continually evolve innovative analytical techniques and methodologies to measure business performance by using the Power BI tool and continue to improve current process workflow after seeking feedback from users.
- Drive improvements in the monthly forecast and annual budgeting process and ensure budgets are consistent with company directions.
- To assist BU head to achieve revenue growth and profitability improvement initiatives on company performance, by developing KPI dashboard using power BI analytic tool.
- Analyze key business drivers and ability to provide a business point of view to management and drive a coherent sales dashboard that is relevant to help chartering and operations team understand and better manage the business.
- Proactively identify and communicate business implications of analysis and the ability to present findings and recommendations to improve business performance.
- Participated in implementation of new IMOS operational system integration with the new Oracle finance system as a team lead for the Liquidbulk business unit.
- As a team lead for Aurora Tankers business unit, able to propose alternate solutions to meet the desired objectives based on best practices during the integration process.
- Work closely with all users and project team members including development project initiatives, planning, developing innovative solutions while complying with existing guidelines and work processes, identifying risks, performing and supporting users' acceptance testing, troubleshooting functional issues and collaborating with IT teams to resolve issues.
- Support existing commercial operations system and work closely with the operations team to provide solutions on any changes in process workflow and master data updates.
- Ensure delivery of accurate, timely and insightful monthly management reports to stakeholders.
- Prepare credit proposals including performing credit analysis to recommend credit limits and conduct customer credit due diligence, to ensure compliance with corporate credit policy.
- Highlighting key credit risk issues when performing Know Your Customer background check for the new counterparty, to avoid doing business with a high geared company.
- Accomplished multiple tasks within established timeframes.
Assistant Manager, Finance
Aurora Tankers Management Pte Ltd
01.2008 - 06.2017
- Carry out financial analysis of various capital proposals on acquiring newbuilding vessels, able to travel to the Shanghai office to assist one of the divisions of Aurora Tankers business unit in preparation of capital proposals for Joint Venture on acquiring newbuilding vessels in China.
- Perform customer credit assessment for new counterparty and existing customers.
- Highlighting key credit risk issues and perform ratio analysis, to avoid doing business with the high geared company.
- Assist commercial team to articulate fleet deployment with financial projection based on prevailing contracts information and business model.
- Preparation of five years projections on income statement, cash flow statement and balance sheet for Aurora Tankers Pool with total of 16 vessels.
- Preparation of monthly rolling forecast, monitoring of budget expenditure, cash flow forecasting, analysis of trends and resource implications with financial modeling for Aurora Tankers Pool accounts.
- Design and maintain complex financial models and templates to support business planning, forecasting and budgeting
- Focus on optimizing the level of detail, accuracy and clarity of calculations.
- Preparation of monthly management reporting package, analyzing causes of unexpected variance, monitoring current business key performance indicators with dashboard, graphs and presentation slides for Aurora Tankers business unit.
- Manage, delegate, control and supervise subordinates in solving day-to-day operation matters.
- Sharing knowledge on work processes, accounting standards updates, best practices and methodology with Finance team.
- Support various internal audits, process efficiency and internal control reviews by stakeholders.
- Drive on cost savings with the operations team to reduce 10%-20% of the port cost when negotiating with hub agent.
Accountant
Aurora Tankers Sdn Bhd
12.2004 - 12.2007
- Carry out financial analysis on the preparation of various capital proposals for a company listed in Malaysia Stock Exchange.
- Preparation of five-year projections on monthly basis for cash flow statement, income statement and balance sheet for all the ship owner companies.
- Liaise with the auditors on the audit of the financial statements and ensure that audited financial statements comply with the requirement of the Malaysia Financial Reporting Standards, Hong Kong Financial Reporting Standards, US Generally Accepted Accounting Principles and comply with Companies Act and other relevant authorities.
- Responsible for analysis of monthly financial statements for ship owner companies and investment holdings companies.
- Tax planning and preparing tax computation for companies and ensuring timely tax submission.
- Draft audited financial statements for 10 ship owner's entities and prepare analysis work to the external auditor.
- Preparation of consolidated financial statements and ensuring timely reporting of financial statements to the Group.
- Manage all day-to-day transactional activities for all ship owners' entities.
Accounts Executive
Malayan United Management Sdn Bhd
01.2003 - 11.2004
- Responsible for the preparation of monthly full sets of financial statements (local and foreign) for management reporting and to ensure timely reporting of financial statements to the Group.
- Tax planning and preparing entity's tax computation and ensuring timely tax submission.
- Assists accountant in the preparation of consolidated financial statements and annual reports for the Groups including the coordination of the consolidation process of the entire Group which comprises more than 100 companies with operations in Malaysia and overseas.
- Preparation of budgeting and forecasting of financial statements for tax planning.
- Liaise with the banker, auditors and tax agent for banking facilities, audit and ensure audited financial statements comply with Approved Accounting Standard, Companies Act and other relevant authorities and maximize the tax benefit.
- Prepare and update the fixed assets registrar. Ensure the company's assets are safeguarded by conducting fixed assets stock count periodically and to ensure the existence of assets and make sure assets are adequately insured.
- Provided journal entries and performed accounting on accrual basis.
- Tracked funds, prepared deposits and reconciled accounts.
- Maintained integrity of general ledger and chart of accounts.
Audit Senior
Ong Boon Bah & Co
01.2001 - 12.2002
- Involved in various assignments ranging from small private limited company to large public listed company such as Lion Group include retail, manufacturing, trading, logistic, construction company and hotel services.
- Prepared working papers, reports and supporting documentation for audit findings.
- Carry out an interim audit to evaluate the internal control of the client's accounting system and make recommendations to improve the internal control.
- Preparation and verification of consolidated financial statements for groups of companies including public listed companies.
- Verification and preliminary computation of corporation tax in connection with the audit assignments.
- Planning, monitoring and controlling the progress of audit assignments under my supervision.
- Assists in the due diligent audit.
- Reviewing profit forecasts and projections prepared by the management of public listed companies and private limited companies.
- Assists in the preparation of accountant reports for listing company prospectus.
Education
Computing - Analytics From Data To Insight
NUS
Singapore08.2023
Professional - Accounting And Finance
CPA Singapore
Singapore12.2016
Professional - Accounting And Finance
CPA Australia
Australia11.2004
Bachelor of Business - Accounting And Finance
Charles Sturt University
Australia12.2000
Skills
- Microsoft 365: Power BI, Power Pivot, Power Query, Microsoft Excel, Microsoft Word, Power Point
- Data Analytic tool: SQLite, Orange Data Mining, i3Bar Business Analytics and Reporting
- Accounting: Oracle NetSuite, Coda Accounting, BPC
- Shipping Operational System: IMOS Shipping Solutions, Dataloy System
Accomplishments
- Develop visualization reports and interactive dashboard using Power BI analytic tool, pivot chart and pivot table.
- Extract, load and transform data from a database to data warehouse and create data model to organize and analyze data.
- Collaborated with operation team and finance team in the development of new IMOS operational system and Oracle finance system integration.
Timeline
Manager, Business Management
Aurora Tankers Management Pte Ltd
07.2017 - 04.2023
Assistant Manager, Finance
Aurora Tankers Management Pte Ltd
01.2008 - 06.2017
Accountant
Aurora Tankers Sdn Bhd
12.2004 - 12.2007
Accounts Executive
Malayan United Management Sdn Bhd
01.2003 - 11.2004
Audit Senior
Ong Boon Bah & Co
01.2001 - 12.2002
Computing - Analytics From Data To Insight
NUS
Professional - Accounting And Finance
CPA Singapore
Professional - Accounting And Finance
CPA Australia
Bachelor of Business - Accounting And Finance
Charles Sturt University
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