Wai Mun Cheong

Experience

• 

  KPMG

  Sept 2003 - Sept 2004

  Associate

  • Responsible to the audit seniors and managers for assignments allocated and was mainly involved in the appraisal of audit clients’ internal control system and verification of balances in the clients’ financial statements. These assignments included both listed and non listed clients/ MNCs in the construction, retail, manufacturing and trading businesses.• Other assignments include investment allowance certification work, which involves verifying that clients have met the requirements to qualify for Economic Development Board/ Inland Revenue Authority of Singapore grant incentives, as well as part of a joint team from KPMG Singapore and Hong Kong acting as Reporting Accountants for a China based client that sought a successful listing on the Singapore Exchange. Show less

• 

  PwC

  Oct 2004 - Jun 2008

  • Preparing audit plans (including scheduling of resources), instruct and supervise lower level audit staff on assignments and complete assignments for reviews by the managers/ partners.• Assignments worked on includes audits of both listed and non listed clients/ MNCs in the business of ship building, chemicals manufacturing, engines and generator sets assembly, flow control and solutions, logistics, investment holding, property development, car parking, communications, retail and trading.• Other assignments include group consolidation engagements, and compliance work on Singapore subsidiaries of US stock exchange listed companies in meeting the audit requirements of the US Sarbanes-Oxley Act. Show less

  • Assistant Manager - Advisory

    Sept 2007 - Jun 2008

  • Assistant Manager - Assurance

    Oct 2004 - Sept 2007
• 

  Cummins Inc.

  Jun 2008 - now

  RESPONSIBILITIES* Lead the Planning, Forecasting and Reporting cycles of Asia Pacific Distribution Business Unit, which covers the following Cummins Distributor locations - Singapore, Malaysia, Philippines, Korea, Japan, South Pacific and Joint Venture entities in Thailand and Vietnam. Work closely with sites' finance teams to hit various Corporate timelines* Supports the Asia Pacific Business Executive Director , Asia Pacific Lines of Business Sales / Functional Directors and Region Finance Director on adhoc data analysis across the region* Oversee the accounting activities of the Regional OfficeACHIEVEMENTS• Within less than 3 months of being in this role, drove the annual budgeting cycle and co-ordinated with sites to deliver a solid budget that covers the full Profit and Loss, working capital and capital expenditure for 2016 which enabled the region to beat all 4 quarters’ EBIT $ budget• Successfully worked with other Business Unit Finance and Business Leaders to consolidate and present a holistic view of the Sales and Gross Margin $ of Cummins in the Asia Pacific region across all different businesses• Region was recognized by Distribution BU PFR Director for insightful equipment orders analysis• Worked with Regional Service Operations Leader to drive standardization of the service technician costs per hour calculation across NE & SE Asia countries• Core team member to simulate forward looking 5 year financials for Singapore entities and negotiate with Economic Development Board (EDB) and JTC Corporation on new land parcel in Tuas Show less RESPONSIBILITIES* Overall responsibility for the finance function in Singapore Master Parts Distribution Center* Business Partner to the Northeast and Southeast Asia Sales & Marketing team and Master Parts Distribution Center Operations teams* Lead talent management process for the function and building the capability of the Singapore Finance team (2 Finance Managers, 1 General Ledger Accountant, 1 Inventory Costing Analyst, 1 Financial Systems Support Analyst, 1 Internal Controls and Marketing PFR Finance Analyst, 2 Accounts Payable auto match executives and 1 Logistics PFR Finance Analyst)ACHIEVEMENTS• Stabilized high staff turnover finance team and right sized the organization to support business needs and actively manage performance in the team• Successfully supported a major business systems integration project in 2013 which includes legal entity integration • Improved team capability through running MS Excel classes for staff and hiring of intern from Tertiary IT Schools to work on Macros projects to automate processes; thereby substantially reduced lead-time to perform certain repetitive tasks• Successfully worked with Project Manager, real estate agents, Cummins Legal, Insurance and Risk teams to ensure new facility lease contract of US$28M in lease commitments is in compliance with corporate standards before routing contract to Cummins Group CEO for approval.• Successfully led the site to obtain a satisfactory Corporate Internal Audit review rating for 2014 with only 2 minor observations.• Sponsored the launch of hybrid activity-based costing of Logistics services that was successfully implemented Show less RESPONSIBILITIES* Overall responsibility for the Singapore Power Generation generator set assembly plant’s finance function* Business Partner to the Northeast, Southeast Asia and South Pacific Genset Sales & Marketing team and Singapore generator set assembly plant’s Operations teams* Lead talent management process for the function and building the capability of the Singapore Finance team (1 General Ledger Accountant, 1 Marketing PFR Finance Analyst and 1 Operations cum Inventory costing analyst)ACHIEVEMENTS• Instrumental in driving genset assembly plant closing activities locally with department leaders, Cummins Corporate Accounting, Legal, Supply Chain and landlord (JTC), thereby enabling transferring of land lease and related assets to incoming sister company according to agreed timelines and also oversaw the move of 20 staff from the assembly plant to a new Sales office• Instrumental in setting up process to ensure consistent implementation of special credit terms and financing interest invoicing to Latin America customer on deferred payment schemes with sales value of US$35M by working with PGBU Corporate Credit Director and local Operations team Show less RESPONSIBILITIES• Analyzing monthly financial & business results for AsiaPac PGBU • Facilitator of the monthly business reviews between Asia Pac PGBU Commercial Products Director and his regional managers• Key finance contact for PGBU Asia Pac for Global PGBU Lines of Business (Commercial Products, Commercial Projects and Power Electronics) and Functional Groups’ Finance and business analysts. • Submission of monthly forecast, monthly commercial reports to Global Lines of Business (LOB) Marketing Controllers• Support the LOB and Functional Leaders in Singapore in the budgeting process• Prepare lead schedules and draft financial statements for the external auditors• Support the Financial Controller and the AsiaPac LOB Directors in any ad-hoc financial analysis workACHIEVEMENT• Integrate the monthly reporting of genset sales transactions with the Annual planning process, thereby cutting down the lead time tremendously and improving the accuracy of data for performing trending analysis of sales and margins by genset model at each source plant that sells into the AsiaPac region. 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  • North East/ South East Asia Finance Leader & Asia Pac Planning/ Forecasting & Reporting

    Aug 2018 - now

  • Asia Pacific Distribution Business Planning, Forecasting and Reporting Leader

    May 2015 - Jul 2018

  • Finance Controller - Singapore Parts Distribution Center and APAC Marketing

    Mar 2012 - May 2015

  • Financial Controller - Power Generation Singapore Plant and APAC Marketing

    Mar 2010 - Feb 2012

  • Finance Manager - Power Generation APAC Marketing

    Jun 2008 - Feb 2010