Carol Chen, CGA, CA

Experience

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  SIEMENS HEARING INSTRUMENTS CO. LTD

  Sept 1998 - Jan 2003

  Financial Analysis

  - Analyzed sale prices, sale policies and customer commissions.- Analyzed consignment inventory.- Prepared yearly budget for sales offices.- Optimized operation procedures and provided proposals to management.- Implemented BAAN ERP system and computerized financial reporting system using ERP system.- Wrote training materials for ERP system and trained end users.

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  DELPHI ELECTRONICS CO. LTD

  Jan 2003 - Oct 2004

  Accounting Supervisor

  - Prepared management reports and corporate budgeting and forecasting, analyzed variances.- Coordinated internal control within the company and led finance team to successfully pass SOX 404 audit.- Supervised other finance accounting areas, including accounts payable management, tax issues, and monthly closing. - Led financial accounting team win yearly “Outstanding Team Building Prize”.

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  SHURE ELECTRONICS CO. LTD

  Oct 2004 - Jan 2008

  Cost Accounting Supervisor

  - Established inventory management models, led inventory lean project, reduced inventory level from US$7M to US$5M while annual sales increased from US$30M to US$48M and improved inventory turn from 3 to 6.- Prepared and analyzed costing reports including overhead reports and labour rates.- Analyzed variances including purchase price, production, actual vs. budget.- Conducted rolling forecast on quarterly basis.- Implemented SAP R3 set up in China plant and database transition from US GAAP to PRC GAAP- Established internal control system and conducted internal control quarterly. Show less

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  TELEFLEX CANADA INC.

  Sept 2008 - Jan 2010

  Cost Accountant/Financial Analyst

  - Rolled up standard cost in MAX system, verified value and provide what-if analysis.- Processed month end costing procedures and analyzed variances.- Improved cost allocation model and recorded inventory value in a more accurate way.- Prepared month-end management reports.

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  LUSH FRESH HANDMADE COSMETICS North America

  Jan 2010 - Jul 2015

  Sr. Accountant

  - Prepared P&L/Cash Flow budget and monthly rolling forecast, analyzed variances and provided explanation for actual vs forecast and current vs prior forecast.- Led month end closing, set schedules prepared and analyzed reconciliation for all balance sheet accounts.- Streamlined month end procedure and reduced month end cycle time from 10 working days to 7 working days.- Prepared month end reports, analyzed variances, presented financial results to senior management team and made proposals.- Handled inter-company related matters, including reconciliation, payments and forecast.- Prepared audit binder, coordinated with external audits and led inventory year end count.- Analyzed ERP system reports and solved system problems together with IT.- Prepared and recorded accounting for mortgages, filed HST/GST returns and prepared government reports/surveys. Show less

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  Catalyst Paper

  Aug 2015 - Mar 2019

  Senior Corporate Accountant

  - Prepared month/quarter/year end schedules/reports, Financial Notes and Management Discussion and Analysis (MD&A) for board and executive team.- Prepared consolidation reports for 5 mills.- Analyze EBITDA variances and conduct foreign exchange sensitivity analysis on monthly basis.- Calculated inter-company margins and prepare reports for tax purposes.- Prepared financial statements for quarterly tax filing.- Reconciled sales database information and EBITDA to financials.- Reconciled balance sheet accounts at Corporate level, prepared property tax schedule and prepaid insurance schedule.- Prepared schedules for external auditors and other ad hoc reports for internal use. Show less

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  Catalyst Paper - A Paper Excellence Company

  Mar 2019 - now

  Sr. Corporate Accountant

  - Process Corporate month end closing, evaluate foreign exchange gain or loss and consolidate financial reports.- Calculate inventory valuation by applying Lower of Market or Cost method.- Reconcile Inter-company accounts for more than 20 legal entities.- Prepare income statements by products.- Analyze EBITDA variances.- Prepare board reports and tax schedules.