Yee Fong Ten
Summary
Performance-driven Senior Vice President Finance with 15 years of experience aligning systems with business requirements, policies, and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
15
15
years of professional experience
1
1
Certification
Work History
SENIOR VP FINANCE
SwipeRx
01.2018 - Current
- Oversee Group Financial accounting and reporting function, leading finance team of 18 team members with 5 direct reports regionally.
- Responsible for financial and management reporting including review of Group consolidation of 5 entities
- Manage budgeting, forecasting, tax, audit, transfer pricing, business unit performance analysis and managing cashflow and capital
- Maintain constant communications with internal and external stakeholders, including board of directors, shareholders, lawyers, and external auditors
- Acting as internal legal counsel for legal compliance, maintain proper business licensing and regulatory reporting requirements for each entity
- Closed multiple rounds of fund-raising equity and debt financing of over USD30m, going through financial and legal due diligence, reviewing and negotiating term sheets, cap table analysis and shareholder agreements
- Work closely with senior management, CEO and COO on implementing key strategic decisions using financial model.
- Led and negotiated a substantial trade sale of one of the business units once turned profitable.
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Implemented cost-saving measures by conducting thorough financial analysis and identifying areas of inefficiency within the organization.
- Cultivated a high-performance culture within the organization by setting clear expectations for employees at all levels, providing regular feedback, and recognizing achievement.
FINANCE MANAGER
SINGAPORE TELECOMMUNICATIONS LIMITED
12.2015 - 11.2017
- Perform monthly and quarterly consolidation of results for Group Digital Life business unit
- Prepare monthly and quarterly financial and business performance reports for reporting to management
- Analyse key performance indicators for each business unit and put them into the monthly dashboard/ For example, no
- Of registered subscribers, total contract value etc
- Work closely with Group Consolidation team and consumer/enterprise business on intra group transactions reconciliation, management adjustment
- Interpret and analyse corporate costs allocation, review with the functions on allocation of such costs
- Lead forecasting and budgeting exercises
- Prepare instructions and templates to disseminate to various business units
- Provide guidance to business units on BPC to perform budgeting for CAPEX and P&L
- Consolidate business units forecast and budget submission, analyse, review and present the overall group annual budget/quarterly forecasts to management
- Assess reasonableness of financial assumptions and highlighting risk/issues
- Drive finance improvements projects for the business unit by working closely with IT from user requirements input to UAT and going live
- Completed initiatives such as online dashboard which allows C-suite to view financial results with commentaries and analysis.
ASSISTANT FINANCE MANAGER (ASEAN FINANCE BUSINESS PARTNERING)
MICLYN EXPRESS OFFSHORE PTE LTD
09.2013 - 12.2015
- Finance business partner covering ASEAN & Thailand vessels
- Drive annual budgeting, forecasting of monthly results and track current performance against budget and forecast to evaluate business performance and identify business opportunities
- Analyse actual financial results to support daily business decisions like commercial contracting where revenue is derived and expenses control including operational expenses, CAPEX and SGA
- Prepare monthly management report and review together with the business unit heads prior to presentation to C-suite
- Monitor and track KPIs such as utilisation rate, DCR/day, Opex/day and tabulated contract pipeline for the next 12 months as a rolling forecast by working closely with commercial team
- Evaluate potential contracts by computing profitability, analysing risks and make recommendations on the eventual best deal, in line with business objectives
- Additional responsibilities include statutory reporting for Brunei office, travelling to Brunei once a quarter for Brunei business update with Brunei business head
- Managed 1 direct report who is in charge of finance and administrative duties.
ASSURANCE AUDIT ASSISTANT MANAGER
PRICEWATERHOUSECOOPERS LLP
01.2011 - 09.2013
- Managed audit engagements which include initial engagement planning, analysis of controls and processes, preparation and review of audit documentations and management letters and reports and monitoring of engagement progress against budget and timeline
- Developed long-term client relationship through active and passionate engagement
- Coaching and developing team members to achieve technical competencies and efficient performance
- Evaluated internal controls across various business units, identifying weaknesses that could lead to financial misstatements or fraud.
- Facilitated timely resolution of discrepancies by working closely with clients to address concerns and provide clarification on audit findings.
- Upheld a strong ethical stance in all aspects of work, consistently adhering to professional standards and guidelines set forth by relevant governing bodies.
- Audit experience specific by portfolios: GIC – Government Investment Corporation, National Sovereign Fund (Investment holding),Courts Limited (IT, consumer electronics and furniture retailer), Wearnes Automotive Pte Ltd (Automotive retailer, part of SGX listed WBL Corporation Limited), Kone Pte Ltd (Supplying, installation and maintenance of lifts and escalators), Sage software asia Pte Ltd (Provider of accounting and business softwares such as UBS and Sage).
ASSURANCE SENIOR ASSOCIATE
Nexia TS Public Accounting Corporation
05.2009 - 12.2010
- Perform and lead audit engagements which include initial engagement planning, analysis of controls and processes, preparation and review of audit documentations and management letters and reports and monitoring of engagement progress against budget and timeline.
- Developed strong relationships with clients through consistent communication and excellent service delivery.
- Reviewed financial data for accuracy and completeness, identifying discrepancies that led to significant adjustments in reported figures.
Education
Bachelor of Accountancy Degree (HONS) - Accountancy
Nanyang Technological University Of Singapore NTU
Singapore05.2009
January 2002 – December 2003Anderson Junior CollegeGCE A Level
Skills
- Corporate Communications
- Cross-Functional Collaboration
- Analytical and Critical Thinker
- Relationship and Team Building
- Approachable leader
- Budget Planning
- Profit and Loss Management
- Digital Transformation
- SAP Netsuite, BPC, Xero, Microsoft Word, Microsoft PowerPoint and advanced Microsoft Excel including macros
- Reporting standards and auditing standards FRS,IFRS,SSA,ISA
Currentemployer
SwipeRx (Health care technology Company operating across SEA)
Previousemployer
SINGAPORE TELECOMMUNICATIONS LIMITED (SINGTEL)
Certification
Obtained Practitioner Certificate in Personal Data Protection (Singapore) in 2021
Timeline
SENIOR VP FINANCE
SwipeRx
01.2018 - Current
FINANCE MANAGER
SINGAPORE TELECOMMUNICATIONS LIMITED
12.2015 - 11.2017
ASSISTANT FINANCE MANAGER (ASEAN FINANCE BUSINESS PARTNERING)
MICLYN EXPRESS OFFSHORE PTE LTD
09.2013 - 12.2015
ASSURANCE AUDIT ASSISTANT MANAGER
PRICEWATERHOUSECOOPERS LLP
01.2011 - 09.2013
ASSURANCE SENIOR ASSOCIATE
Nexia TS Public Accounting Corporation
05.2009 - 12.2010
Bachelor of Accountancy Degree (HONS) - Accountancy
Nanyang Technological University Of Singapore NTU
January 2002 – December 2003Anderson Junior CollegeGCE A Level
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