Chung Yoon chen
Manager, Risk and Budgetary, Anti-Bribery Compliance (Group Finance - Accountant) at Taliworks Corporation Berhad- Claim this Profile
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Bio
Credentials
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MIA
Malaysian Institute of AccountantsSep, 2012- Nov, 2024
Experience
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Taliworks Corporation Berhad
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Malaysia
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Utilities
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1 - 100 Employee
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Manager, Risk and Budgetary, Anti-Bribery Compliance (Group Finance - Accountant)
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Jan 2021 - Present
Reports to Chief Financial OfficerAdditional Responsibilities:Oversee issues of corruption, fraud, malpractice, and unethical behavior within the Group1. Reporting on the performance of the Anti-Bribery Management System to the Top Management, the implementation, and effectiveness of the anti-bribery program, and proposing continuous improvement developments.2. Disseminate the anti-bribery culture within the Group using communication, awareness, and training actions.3. Conduct the risk assessment annually to identify, analyse, assess, and prioritise the company's internal and external corruption risks. To maintain the proper documentation of those identified risks in the risk register report and be the risk owner reporting in the enterprise risk management report of the Company.Accomplishments: Completed the Program Chief Integrity Officer (CeIO) (Private Sector, Series 7) in July 2022 conducted by the Malaysia Anti-Corruption Academy (MACA) under the Malaysian Anti-Corruption Commission.
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Manager, Risk and Budgetary (Group Finance - Accountant)
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Jan 2019 - Dec 2020
Reports to Senior Group Finance Manager and Chief Financial OfficerAdditional Responsibilities:(a) Budgeting/Forecast/Projections1. Planning, reviewing, and coordinating the Annual Budgets of the Group and preparing the Group Budget for Board and Executive Committee approvals promptly;2. Preparing/updating the financial projections as required.3. To assist in monitoring the progress of investments made / projects undertaken.4. To provide an updated analysis of variances of actual results against the original forecasts/projections;5. Ensure that all the companies adopt proper cost management measures.(b) Enterprise Risk Management (ERM):1. To lead the ERM initiatives by planning and implementing the ERM for the Group and highlighting to the Risk Management committee any potential vital risks that may hinder the Group from achieving the Group’s strategies;2. To assist the business development team in identifying and assessing risks associated with mergers and acquisitions;3. To prepare the Statement of Risk Management and Internal Controls for inclusion in the company’s annual report explaining the Group’s ERM practices to stakeholders;(c) Transfer Pricing:1. Establish the Transfer Pricing Policy for intra-group service.2. Preparing the yearly Transfer Pricing Documentation according to the Malaysia Transfer Pricing Guidelines and the OECD Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations.3. Engaging with a tax consultant to produce a new benchmarking report every three years.4. Liaise with the head of the department of the service provider in documenting and recording the support documents about Transfer Pricing Documentation.5. Analysis of the allocation of key costs to charging the management services fees to service recipients.
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Group Accountant cum Group Treasurer
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Jan 2018 - Dec 2018
Reports to Senior Group Finance Manager and Chief Financial OfficerAdditional Responsibilities:Cashflow Management and Treasury Functions:1. Preparing/updating the Group’s cash flow forecasts periodically to minimise liquidity risks by ensuring funds are available for finance operations and loan servicing. 2. To promptly highlight any expected deficits in cash flow.3. Managing and maximising the returns of investments from surplus funds.4. Diversifying the Group’s funds investments. 5. Minimise the cost of funding.6. Engaging with relevant stakeholders in raising funds and securing borrowings and banking facilities.7. Working with the respective personnel to ensure the borrowing complies with loan covenants imposed on banking facilities.
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Group Accountant
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Jan 2016 - Dec 2017
Reports to Senior Group Finance Manager. Responsibilities:Financial Reporting:1. Ensuring that all the Management Reports comply with the relevant accounting and regulatory framework. 2. Preparing the Quarterly Report to the stock exchange.3. Ensure the disclosures of the Quarterly Report comply with the MFRS and the Listing Requirements.4. Prepare the Consolidation package and all supporting documents to explain the contents of financial reports.5. Liaising with Auditors to ensure all financial statements issued meet the statutory datelines.6. Performing detailed analysis to determine any unusual trends or exceptions between the actual results and the results of the previous and corresponding periods, analyzing actual results against budgets, and tracking that all KPIs are to meet.
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Management Accountant
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Mar 2013 - Dec 2015
Reports to Senior Group Finance Manager.Responsibilities:1. Lead and manage the accounting team overseeing various entities' finance and accounting functions.2. Review and prepare the GAAP adjustment for foreign entities such as China, Hong Kong, and Singapore.3. Review monthly management accounts prepared by the team to ensure accurate and timely reporting4. Review tax computations and liaise with a tax agent to manage the tax filing process.5. Review, implement and improve financial workflows/processes to strengthen internal control and compliance and to enhance operational efficiencies.6. Involved in the Corporate exercises transactions, such as inter-company restructuring, private placement, acquisition, and disposal companies.
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Supervisor Auditor
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Nov 2009 - Mar 2013
Responsibilities:1. Administration and co-ordination of audit assignments from start to finalization. 2. Reporting and reviewing client statutory accounts as well as review of consolidation of group accounts. Responsibilities:1. Administration and co-ordination of audit assignments from start to finalization. 2. Reporting and reviewing client statutory accounts as well as review of consolidation of group accounts.
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Education
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2005 - 2009
University of Malaya
Bachelor's degree of Accounting, Accounting and Finance
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