Benjamin Ting
Finance & Business Controller at Hydroinformatics Institute- Claim this Profile
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Bio
Experience
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Hydroinformatics Institute
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Singapore
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Environmental Services
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1 - 100 Employee
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Finance & Business Controller
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Jan 2021 - Present
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Assistant Business Controller
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Nov 2018 - Jul 2020
Accomplishments: • Oversaw the digital finance transformation to success through implementation of Concur system and automation of SAP Dunning Process. • Introduced an improvement plan for Accounts Receivable and achieved a 40% reduction on Accounts Receivable Ageing (more than 60 days). • Business partnering on the logistic synergization exercise to improve the inventory lead time and accuracy to 100%. Responsibilities: • Single contributor role for Singapore entity (and its Malaysia branch) covering South East Asia markets and supported by Finance Shared Services Center in South Korea for the monthly financial reporting. • Providing guidance and coaching to Finance Shared Services Center on local accounting and tax regulations. • Driving improvement on the Net Working Capital through working closely with Sales Team on accounts receivable collection and tightening customers’ credit term. • Working closely with Operations Team to ensure full understanding of results / variances for business controlling and propose the necessary corrective actions. • Providing indepth financial analysis to the Country Manager and Sales Directors and help them on manage their financial responsibilities and business review meetings.
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Finance / Commercial Manager
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Nov 2017 - Oct 2018
Accomplishment: • Adapted the export control processes and compliance program from Global Headquarter for local use and established internal processes and controls to ensure 100% strict adherence to US, EU and local export regulations accordingly. Responsibilities: • Acting as the key business partner of Managing Director and the management team and the main contact person to the customers, tax authorities, local authorities, suppliers, as well as to Global Headquarter in respect of all commercial, accounting, tax and treasury matters of the Singapore entity. • Holding the monthly project discussions with the respective project managers on the costs-to-complete and evaluate the actual POC (percentage-of-completion) for month-end closing. • Screening business partners against sanctioned party and embargo lists and review contracts and transactions involving inappropriate usage, end-user or destination for possible breaches. • Managing the entity’s working capital and cash flow, following up on accounts receivable collection and review customers’ credit term. • Responsible for the monthly financial reporting in accordance with IFRS as well as cash flow reporting to the Group as well as to coordinate local tax declaration.
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Group Finance Manager
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Mar 2012 - Aug 2017
Accomplishment: • Involved in restructuring one of the overseas subsidiaries’ finance and admin functions to maintain sound and effective internal controls. • Setting up overseas subsidiaries in Philippines and India. • Helped to improve DSO from 100 days to 75 days and lower inventory level from S$1.4 mil to S$0.8 mil. • Led the implementation of SAP B1 successfully. Responsibilities: • Supervising a team of 3 finance staff in Singapore and finance teams from 11 subsidiaries across Malaysia, Thailand, Vietnam, Indonesia, Philippines and India. • Consolidating monthly Group’s accounts and analyse each subsidiary’s financial performance variances for reporting to overseas shareholder, and recommend solutions. • Business partnering with the Directors on business growth plans. • Traveling to various subsidiaries and provide financial advisory supports to the Country Managers. • Liaising with tax agent on preparation of transfer pricing documents. • Working with Financial Controller in preparing the Group’s budget and quarterly business reviews. • Managing the Group’s working capital and cash flow, review accounts receivable collection and credit management. • Appointed as Company Secretary and oversee the Head Office’s admin and human resource matters. • Actively assessing current workflow, and implement new policies and procedures to improve efficiencies and internal controls. • Liaising with auditors, bankers, tax agents and lawyers on audit, banking, tax, legal and secretarial matters.
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Corporate Recovery Assistant Manager
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Jun 2007 - Aug 2011
Accomplishment: • Built up a good knowledge of insolvency, relevant statutes and rules/regulations. • Held a diversified portfolio, experienced in managing and coaching junior staff. • Achieved good recovery of the portfolio and cleared a number of long outstanding cases. Responsibilities: • Managed various engagements, such as solvent and insolvent liquidations including court liquidations, special accountant appointment, receivership, special review and litigation support cases. • Assisted the Liquidators to take control of the companies’ affairs and assets, reconstruct companies’ accounts, conduct sale of assets (such as oversea subsidiary and high tech equipment) and properties (inclusive of liaising with lawyers and vetting legal documents) and prepared liquidation reports to Court. • Prepared full set of accounts, quarterly GST returns and the employees' CPF contributions and also reviewed the tax computations and attended to CIT's tax queries for various companies. • Dealt or negotiated with suppliers, customers and landlords during the continuance of the company’s operations. • Prepared cash flow projections for negotiation with bankers and creditors and investigated the company’s financial affairs respectively for special accountant and litigation support cases. • Led junior staff on several engagements and coached them on the framework of insolvency work.
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KPMG
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Canada
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Accounting
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700 & Above Employee
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Audit Associate
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Dec 2005 - Apr 2007
Accomplishment: • Established in-depth understanding of various industries and business models of the audit clients. • Guided junior staff on their assigned audit sections. • Handled critical audit sections independently and performed under pressure to meet deadlines. Responsibilities: • Using control approach for audit engagement and performed detailed analytical review, in accordance to US GAAS, through collaboration with management. • Took charge of main business process for Sarbanes Oxley engagement and carried out process documentation, walkthrough and test of designs to identify and evaluate controls. • Involved in special audit engagement such as audit for EDB Grant. Industries covered: • Internet service for hotels, software and manufacturing.
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Education
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CPA Australia
CPA, Accounting and Finance -
RMIT University
Bachelor of Business (Accountancy) with Distinction