Tay Chee Seng
Financial Controller at ANNAIK LIMITED- Claim this Profile
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Bio
Experience
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ANNAIK LIMITED
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Singapore
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Retail Office Equipment
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1 - 100 Employee
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Financial Controller
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Nov 2015 - Present
· Leader of financial reporting process across the region (Singapore, Malaysia, China and Korea) · Group consolidation and presentation of results to the Board of Directors on a quarterly basis · Overall in charge of Annual reports, Sustainability Reporting and Circular · To coordinate Annual General Meeting and Board Meeting · Ensure compliance with SGX statutory requirement, hands on in preparing of all announcement documents and announce through SGX Net · Supporting the stakeholders with business insights gathered from key metrics, assess existing/new customer credit limit, setting budgetary requirements, budget control and handle deviation · Performed Due Diligent for Merger and Acquisition Projects · Treasury function including liaising for new trade facilities for newly set up subsidiary and investment, working capital planning & all other banking facilities within the group · Lead the process in implementing internal control measures across the group · Bridge between foreign subsidiaries financial statement and local Financial Reporting Standard · Frequent travelling to China, Korea and Malaysia for operational support and internal audit, as and when required and at short notice Show less
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Quantum Automation Pte Ltd
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Singapore
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Construction
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100 - 200 Employee
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Senior Finance Manager
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Jul 2014 - Jul 2015
· Oversee Finance department and supervise a team of 5 accounts staffs. · Month-end closing activities and preparation of group consolidated financial reports to management and Corporate finance (HQ). · Handle all HR related tasks. · Other admin and ad hoc duties include co-ordination of notarization and endorsement of export documents with foreign embassies, dispatch of cheque to HQ for signatures · Oversee Finance department and supervise a team of 5 accounts staffs. · Month-end closing activities and preparation of group consolidated financial reports to management and Corporate finance (HQ). · Handle all HR related tasks. · Other admin and ad hoc duties include co-ordination of notarization and endorsement of export documents with foreign embassies, dispatch of cheque to HQ for signatures
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Toll Logistics Asia Limited
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Singapore, Singapore
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Accounts Manager
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Dec 2006 - Jul 2014
· Supervise a team of 21 and as overall finance process owner. · Lead monthly, quarterly and yearly finance closing activities and corporate tax reporting in compliance with Group’s policies & procedures as well as IFRS. · Monthly preparation and submission of group consolidated accounts & management reports to Group. · Acting Regional Controller to review the regional financial results and provide coaching to overseas subsidiaries and business units. Occasional travelling to Indonesia and Malaysia to support ad hoc projects. · Person-in-charge of annual budget and quarterly forecast exercise and perform the relevant variance analysis · Business partner with of 15 business units’ heads (main operations consist of warehousing / storage, supply chain, shipping and freight management). · Develop financial models to assess the feasibility of capital expenditure and business proposals including measures like NPV, IRR and Return on Capital Employed. · Responsible for the achievement of finance KPIs, for eg. DSO maintained below 45 days (target). · Prepare and monitor on the funds liquidity - fortnightly cash flow projections, accounts receivable, capital expenditure. · Design of internal control flow chart, drafting of narratives and ensure implementation of effective internal control procedure, adhering to corporate governance rules. · Function as primary contact with internal/external auditors, government bodies, tax agent, company secretaries and bankers. · Additional role (attached to Warehouse Project). · To support Regional Director for a 3-years new warehouse project. · Prepare and define the project scope, financial plan, goals, deliverables and ad hoc admin works. · Liaise with government bodies such as EDB / JTC / LTA. Show less
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Tote Board
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Non-profit Organizations
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1 - 100 Employee
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Accountant
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Apr 2004 - Oct 2006
· Month-end closings activities. · Preparation of Annual Financial Report, Annual Financial Budget and Monthly Cash Forecast. · Act as treasury in placement of excess funds with fund manager and monitor on the returns. · Preparation and filing of GST return on a quarterly basis. · Preparation of all statistic surveys for respective government bodies. · Review, implement and monitor controls on an on-going basis. · Propose for improvements to the existing design/format of forms/reports. · Co-ordinate between SAP end-user and software provider during the transition period. · To liaise with auditor and tax agent in all statutory reporting issues. · Participate in ad hoc projects, such as SAP migration and assist in M&A activities of subsidiaries Show less
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Siang Hoa Goldsmith Pte Ltd
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Singapore
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Accountant
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May 2003 - Mar 2004
· Maintain full set of accounts, including posting of journals, preparation of audit schedules and payment verification. · Monthly cash flow forecasting and monitoring. · AR management and follow up with customers on overdue invoices. · Liaison with the auditors, tax agents and bankers. · Maintain full set of accounts, including posting of journals, preparation of audit schedules and payment verification. · Monthly cash flow forecasting and monitoring. · AR management and follow up with customers on overdue invoices. · Liaison with the auditors, tax agents and bankers.
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Lo Hock Ling & Co
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Singapore
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Accounting
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1 - 100 Employee
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Audit Assistant
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Dec 1999 - Mar 2003
· To perform statutory audit for clients from diversified industries, including manufacturing, trading, service providers and construction sectors. · Preliminary planning, drafting and finalization of audit report independently and within the stipulated timelines. · Preparation of Group Consolidated Accounts, Corporate Tax/Deferred Tax computation and Cash flow Statement. · Evaluation of the effectiveness of internal control procedure and recommends for improvement. · Junior staff supervision. Show less
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Education
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ACCA