Charles Qiu

Experience

• 

  VF Corporation

  May 2001 - Aug 2002

  Accouting supervisor

  Report to Plant Controller and Financial Controller, in charge of MIS department, and costing management and control, warehouse staff supervision and stock control;Product cost frame (Standard Cost System) setup in MRP II, BOM setup with engineers involvement, maintenance and control with periodic update to ensure the quickest and easy pricing for new products sales and periodical price adjustments;Cost variances analysis (Material usage variances(issue variance, order variance, material substitution variance); Labor variances, Direct overhead variances; Indirect variances; Standard cost changing variances; Scrap variances and Other variance) reported to production/finance controller;Lead MRP II (Fourth Shift) setup and maintenance; Fourth Shift end users training, work flow fine tune and process improvement;Good sales/purchase/main production planning to meet customers’ demand by leveraging manufacture resource planning system and held regular meetings to discuss issues and amended process where not in line with operation activities or streamline operations;Inventory control and supervise warehouse staffs to protect company assets, keep lowest safe stock and increase asset liquidity IT function with support from software and hardware engineers to ensure software and hardware run smoothly, net security and mail system management; Show less

• 

  Colson Caster Corporation

  Mar 2003 - Jun 2005

  Costing Manager / MIS Manager

  Report to Plant Controller and Financial Controller, in charge of MIS department, and costing management and control, warehouse staff supervision and stock control;Product cost frame (Standard Cost System) setup in MRP II, BOM setup with engineers involvement, maintenance and control with periodic update to ensure the quickest and easy pricing for new products sales and periodical price adjustments;Cost variances analysis (Material usage variances(issue variance, order variance, material substitution variance); Labor variances, Direct overhead variances; Indirect variances; Standard cost changing variances; Scrap variances and Other variance) reported to production/finance controller;Lead MRP II (Fourth Shift) setup and maintenance; Fourth Shift end users training, work flow fine tune and process improvement;Good sales/purchase/main production planning to meet customers’ demand by leveraging manufacture resource planning system and held regular meetings to discuss issues and amended process where not in line with operation activities or streamline operations;Inventory control and supervise warehouse staffs to protect company assets, keep lowest safe stock and increase asset liquidity IT function with support from software and hardware engineers to ensure software and hardware run smoothly, net security and mail system management; Show less

• 

  Jones Lang LaSalle

  Jul 2005 - Sept 2016

  Financial Controller - South China

  Be a strategic partner to the BU Directors and MD focused on markets risks and opportunities to contribute shaping local business strategies and translate it to finance strategy;Play an integral part in financial budgets and new business modeling in compliance with Regional/GC guidelines and critical guiding measurements;Track performance against budget throughout the year; Provide in-depth real time financial analysis and recommendations for continuous business and financial performance improvements for country manager and sales teams;Financial data interpretation, financial analysis and proactive advices for significant contract negotiations and investment decisions, evaluate various business alternatives and recommend the most appropriate one;Main point of contact for regional/global, cascade and interpret regional/global financial policies and procedures, implement the standards and SEC Sarbanes-Oxley Act, institute local standards including business specific guidelines in Financial control processes;Be responsible to ensure compliance, internal control, tax, treasury, and process improvement, integration of accounting processes and polices are well established and in place, and ensure the reliability and credibility of financial information as well as the transparency;Optimize the company’s cash flow and facilitate effective capital arrangement to support the company’s operation needs;Improve tax efficiency through tax planning;Risk management;Process improvement; People management;Establish the whole finance and accounting team including a 50-member PAM trust account finance team;Lead PeopleSoft implementation in South China in 2007, Hyperion Planning System in 2012, implemented Onestream and Congos in 2016;Lead the cost saving initiatives, cost down contribution by finance restructuring; Established Dalian finance BPO in 2008 Show less

• 

  An Energy Group

  Feb 2017 - Nov 2018

  Chief Accountant

  Newly build up the Finance policy and procedure for the whole Group, define and divide finance organization into 4 functions, i.e. cash management, finance management, data process organization (BPO), finance support BP; finance process improvement, and regulate the finance reporting system;Fine tune the Group holding structure, setup BVI companies abroad, Partnership and Management ownership stock, Project company evaluation with later investment by institutional and private funds, cash and fund channel for inland and abroad;Cash management, finance lease for photovoltaic projects, equity financing for LNG power plant; PingAn Fund, Canton investment fund, DG asset management fund etc. investment design; land development in the power plant acquisition, cooperation with the famous real estate companies with exit terms design, capital structure and its interest rate control;New investment projects finance analysis, assessment, and decision-making discussion including but not limited photovoltaic projects, new LNG power plant, acquisition of DG stated—owned power plant, land development, stored energy projects inland and abroad; Key members for policy and direction makingTax planning and minimize the tax payment to maximize the company interest such as land VAT on “three old land” transformation and development income tax planning, leverage the accumulated loss of companies to be acquired, capital structure design, transfer pricing utilized to lower the total tax burden for the group;Member of Rule and Regulation committee, review and sign off all kinds of regulations, rules, business processes etc. for the Group and subsidiaries, build up and intensify the internal control system, lead audit and risk management; Key finance BP to support businessOA (office automation) system go live, process improvement without paper, remote control and mobile officing; Show less

• 

  CanSemi Technology Inc.

  May 2019 - now

  Financial Controller

  Project (Phase I) financing for Equipment (1.6 billions), Construction/building loan (1 billion) and working capital loan (0.4 billion)Manage and oversee the 5 billions spending of capex, i.e. construction, machines (tools) procurement and reinforce relevant procurement policies ;DD arrangement, participate in the negotiation with external investors to get 3.5 billion capital injection for Phase II; Investors relationship;Project (Phase II) financing for Equipment (2.5 billions loans from banks i.e. ICBC, Agricultural Bank of China, SPD bank etc. ) to ensure the timely payments for equipment abroad; Loan for working capital before mass production of Phase II;Negotiation with banks to minimize the interest rate and get the preferential loan terms, keep good relationship with the relevant institutions such as bank, Institutional Fund, PE etc.; Re-negotiate and push banks to lower the interest rate post contract signing and loan-making with LPR dropping;Present at the BOD meeting, explain and interpret financial reports and data, assist CEO to get the supports and votes for big projects and decisions from board directors, obtain approvals of the financial reports of 2019 and budget of 2020;Leverage the preferential policies of State IC, obtained the government subsidy of RMB600 millions, tax refund RMB400 millions, and other exemption or reduction for Real estate tax etc.;Form and build up the finance team, establish the relevant financial policies and procedures as well as Management Reporting System;Act the SAP project director, with assistance from IBM consultants, implemented SAP ( FICO, MM, PP and SD ) and went-live in Jan 1, 2020;Standard cost model setup, with helps from senior consultants of TSMC and IBM consultants, build up the cost calculation by process step and a complete cost analysis in SAP CO module which is the most advanced costing model of IC industry;Strengthen internal control and Risk management and insurance guard. Show less