Chief Accountant
NAT - Hyundai Motors Company
Total years of experience :12 years, 5 Months
• Providing unaudited interim financial reports to banks and major suppliers in accordance with US GAAP and IFRS principles.
• Coordinating with banks for obtaining the necessary information to process and complete Letter of Credit (LC)
• Preparing and analysing cost sheets of inventory available and assisting top level management for product pricing accordingly.
• Analysing monthly balance sheet accounts and income statement accounts for corporate reporting.
• Maintaining fixed asset master data and preparing depreciation reports periodically.
• Reporting of all prepaid accounts accurately.
• Mentored a team of accounts payable to ensure all payables should function efficiently.
• Supervise accounts receivables and ensure collection of payments should not exceed agreed payment terms.
• Approving and confirmation of monthly bank reconciliation report.
• Preparing and submission of quarterly VAT return reports accurately.
• Efficiently carried out month-end, quarterly and year-end processes.
• Reduced month end close time frame by over 40% by scheduling and enforcing reporting deadlines.
• Recruited, mentored and led a team of 3 senior accountants and ensure team coordination and superior efficiency should met in order to achieve common objectives and goals.
• Introduced and managed IFRS technical accounting policies and best practices.
• Analysed budgets, financial reports and projections for accurate reporting of financial standing.
• Generated financial statements and facilitated account closing procedures each month.
• Developed spreadsheet models for diverse projects and analysis.
• Forecasted operating costs for scheduled projects by strategizing with other departments.
• Instrumental in maintaining bank facilities, negotiations and compliance in managing long term and short-term financial strategies to ensure the company growth plans.
• Filed tax returns and prepared governmental reports in compliance with strict standards.
• Supervising overall financial month end closing activities.
• Trained new employees on accounting principles and company procedures.
• Managed and prepared journal entries and reconciliations to support monthly general ledger closing activities.
• Created and implemented procedures and best practices for bank reconciliation process and completed balance sheet reconciliations.
• Preparing month end closing reports such as fixed assets reports, depreciation and amortization reports, prepaid reports, A/R & A/P aging analysis report.
• Generated and presented monthly financial statements to senior management.
• Assisted head of finance in creating annual capital expenditure budget and managing operational expense.
• Reviewed and processed vendor invoices for payment.
• Generated reports detailing various metrics and account information.
• Prepare aging analysis and submit internal report on A/P.
• Reviewed and processed client payments, including electronic payments and check deposits.
• Maintained fixed asset module and calculate and record monthly depreciation expense.
The Project Finance Process
Bachelors of Commerce in Finance