Mong Xeng Xuang

Finance Manager at Interpress Printers Sdn Bhd
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Contact Information
us****@****om
(386) 825-5501
Location
Klang, Selangor, Malaysia, MY
Languages
  • English Native or bilingual proficiency
  • Malay Full professional proficiency
Skills

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Ahmad Nasrun

I had the privilege of working with Xeng Xuang, he is proactive, result oriented, responsible and technically sound employee and he is always ready to put all his energy and time to get the job done.

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Credentials

  • IWCF Level 1
    International Well Control Forum
    Dec, 2018
    - Sep, 2024
  • Association of Chartered Certified Accountants (ACCA)
    ACCA
    Jun, 2014
    - Sep, 2024

Experience

  • Interpress Printers Sdn Bhd
    • Finance Manager
      • Aug 2023 - Present

      Head the finance function of a leading food grade paper packaging manufacturer, supplying to top fast food chains globally. Head the finance function of a leading food grade paper packaging manufacturer, supplying to top fast food chains globally.

  • New Toyo International Holdings Ltd
    • Packaging & Containers
    • 1 - 100 Employee
    • Finance Manager
      • Aug 2019 - Jul 2023

      • Lead the Finance department of the Malaysia subsidiary (under Paper Base Converting Sdn Bhd) which operates 2 manufacturing plants for the production of specialty papers and printed carton & labels, with over USD35million annual turnover. • Analyse job costing and identify unusual spike in cost. Identify key production waste drivers and work with management and production on strategies to control waste • Work with the sales, production and admin department to develop the annual budget and rolling forecast. During each month, perform variance analysis against budget/forecast to identify and manage cost drivers • Monitor collections and payments and assess impact of delayed collections or changes in credit terms against cash flow projection • Work with operation and supply chain team on forecast to assess working capital requirements, particularly in managing optimal inventory level • Prepare full set accounts of the company as per IFRS for local and Singapore HQ reporting • Lead the company internal control monitoring and assessment function. Be the lead person to liaise with external and internal auditors and address any issues or findings raised during audit • Work with sales and marketing for job tenders. Subsequently monitor cost of material, freight or labour and highlight any foreseen increase to sales for price revision with customers • As the owner of the company ERP and Finance system (Autocount), coordinate with software user and owner to improve existing ERP system to enhance workflow efficiency • Develop quotations for new business and project rate of return for new projects. Show less

  • Comsale Computer Inc.
    • Cost Accountant
      • Jan 2019 - Aug 2019

      Costing & Inventory Control 1. Prepare the monthly / quarterly / yearly tracker information and ensure timely submission. 2. Analyse & finalise the month end closing & resolve any outstanding issues in relation to inventory. 3. Monthly comparison P/L variance analysis & the flux analysis explanation. 4. Analyse & finalise the inventory accounts & resolve any outstanding issues in relation to it. 5. Cycle count & physical inventory coordination – responsible for all the PI activities till the final reconciliation stage. Financial Analysis 1. Prepare, review and distribute monthly financial reports by cost / profit centers 2. Track expenses and revenues vs. budget and forecast and analyze fluctuations 3. Prepare monthly consolidation and executive financial package 4. Coordinate financials questions / answers among operation / warehouse 5. Prepare annual financial information binder to be provided to the external auditors 6. Prepare quarterly operating reports 7. Assist in the budget & forecast process 8. Evaluate profit and cost efficiencies in various areas of the organization as needed 9. Develop, maintain and distribute as-hoc reports and financial models as needed ERP Implementation 1. Resolve the system problem and work with IT for those problematic issues, work with IT Consultant for the implementation of Microsoft Dynamics ERP. Show less

  • Evergreen Fresh Sdn Bhd
    • Inventory Accountant
      • Oct 2016 - Dec 2018

      Employed to improve the company's warehouse system to meet the internal auditor's requirement. Work alongside with the General Manager in setting up the company’s accounting system to ensure compliance to Malaysia Financial Reporting System (MFRS), while handling a team of 2 accountants and taking charge of the warehouse stocks.  Setting up and coordinating the inventory recording system (AMOS) with existing Point of Sale (POS) system to ensure accurate and timely accounting records for compliance with KLSE reporting requirement.  Coordinate with procurement team for the issuance of Purchase Order (PO). Subsequently track all pending PO but goods yet to receive.  Recording First Point of Receipt (FPOR) when receiving goods. Also perform checks on goods received with PO and coordinate any credit note/debit note issuance whenever the need arise.  Setting up inventory coding and volume tracking system for tracking expiry date and re-ordering level.  Conduct month end inventory write off procedure and report on abnormal inventory movement.  Work with operations team in developing Standard Operating Procedures (SOP) for the following processes : - Finance and Accounting - Procurement and logistics - Warehousing and Stock taking - Point of Sale and cash register daily closing Show less

  • COSL Drilling Pan Pacific Ltd
    • Oil and Gas
    • 200 - 300 Employee
    • Rig Accountant
      • Nov 2014 - Sep 2016

       Responsible for timely and accurate kinds of financial statements and reports, analysis, reconciliation as required by head office (Singapore and China) and Malaysian authorities (i.e. Customs, Inland Revenue, Immigration) related to the operations of a jack up drilling rig based on the Malaysian Financial Reporting Standard (MFRS) and International Financial Reporting Standards (IFRS)  Assist Financial Controller in monthly preparation and analysis of monthly/quarterly Profit Loss Statement and Balance sheet. Also prepare monthly accruals estimate along with supporting documents.  Prepare monthly stock in transit validation and costing report. Also identify redundant stocks for inventory write off and disposal.  Facilitate inter-company sales and cost allocation in accordance to IFRS/MFRS  Communicate and work along with the operations team to rectify any discrepancies or justify any abnormal trends that arise during the analysis of the financial statement.  Work with external auditors to address any queries or discrepancies that arise during the course of audit.  Preparation and filing of Malaysia income tax for company and company’s expatriate.  Work with the operations team on local administration and permit (i.e. domestic shipping license application, worker’s visa for Malaysia including Sabah and Sarawak).  Assist Rig Manager and Financial Controller in budget preparation and control.  Oversee and execute the implementation of the Malaysia’s Goods and Services Tax (GST) and preparation of new protocols and procedures with regards to the recording and servicing of GST in Malaysia in 2015. Also produce monthly submission of Input and Output Tax filling to the Customs and negotiate discrepancies or dispute with Customs.  Preparation of emergency cost cutting measures in 2015/2016 due to the drop in oil prices. Show less

  • Allianz
    • Germany
    • Financial Services
    • 700 & Above Employee
    • Internal Auditor
      • Aug 2012 - Nov 2014

       Perform assessment on business process to identify potential control and efficiency weaknesses and subsequently make recommendations and assist in implementing improvement measures and subsequently following up on implementation of recommended controls with client functions for both Life and General insurance based on the International Standards of Auditing (ISA).  Ensure compliance to regulations (i.e. Financial Services Act 2013, LIAM/PIAM guidelines) and perform gap analysis for upcoming guidelines (eg. Detariffing of Motor Insurance and Liberalization of Life Insurance)  Collect best practices from other Allianz offices and analyzing their audit working program to determine suitability to be used in the Malaysia office.  Preparing and writing audit reports for reporting to Audit Committee.  Act as an independent witness to confidential and bias sensitive company event like tender opening, lucky draw observation and organizing of company events.  Participate in ad-hoc department/company related activities like organizing of department’s teambuilding activities and company’s volunteering works.  Major areas audited during my tenure of employment includes : - Life Agents Administration (including agent hiring process, disciplinary procedures, agency management) - Life policy management (Including Policy Endorsement, Change of Policy and AMLA tracking) - Claims management (Medical, term life and personal accident) - Customer service and complaints management (Life and General) - Telemarketing/Outbound Call Centre (Life) - General Administration (branch setup, procurement, travel help desk, CSR) Show less

  • Deloitte
    • Business Consulting and Services
    • 700 & Above Employee
    • Audit Trainee
      • Mar 2010 - Mar 2011

       Part of the team to perform statutory financial audit for client and partner companies and leading small team (3 staff) for assurance engagement to ensure compliance of client companies with MFRS and IFRS.  Industries involved during the course of my audit includes major property developers in Malaysia, construction, medical service provider and specialist parts manufacturing (i.e. ball bearing, alloy rims and medical equipment)  Assist Audit Partner to gather data, analyze information and identify any unusual financial trends in order to identify any discrepancies in client’s financial data.  Communicate and understand client’s operation structure and forming relationship between financial and non-financial data to gain understanding of client’s business and use the knowledge to simulate financial trends in line with operation’s information. Show less

Education

  • ACCA
    Association of Chartered Certified Accountants, Completed ACCA Examination
    2006 - 2014
  • SMK Methodist ACS Klang
    SPM O level
    2000 - 2004

Community

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