Sunny Wang

Experience

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  Black & Decker

  Jan 2004 - Dec 2008

  Senior Accountant

  Title：Sr. AccountantAchievement: Optimize process and setup data analysis model Responsibility:  Calculate and book the common cost allocation to each business unit. Create the OH report for each cost center and analysis on the variance between budget & forecast vs. actual expense.  Go through the monthly allocation and OH report with line manger after month closing. Calculate the annual labor rate and overhead rate. Prepare and analysis the rate variance and efficiency variance report for direct labor cost.  Prepare and analysis the spending variance, efficiency variance and production volume variance report for OH.  Work with the function heads on the overhead budget and forecast. Title：FA AccountantAchievement: Setup effective FA management procedureResponsibility:  Take charge of monthly assets addition, depreciation calculation and booking.  Manage the fixed assets’ transfer and retirement. Work with relevant department on fixed assets management and assess the CIP maturity. Title：AR Accountant Achievement: Decrease the >180 days’ overdue from 30% to 5% Responsibility: Take charge of the timely cash collection, credit invoice issue, customer accounts maintenance, counterparts’ reconciliation. Credit and analysis the monthly aging reports.  Book the bad debt provision according to group policy. Assess credit worthiness, minimize bad debts and ensure contract compliance and/or recommend legal action. Title：AP AccountantAchievement: Clean up messy record Responsibility:  ensure assigned vendor invoices are posted and paid in a timely manner and within terms to ensure that all applicable terms discounts are properly taken. Liaise with other departments to obtain proper approvals for expense invoices. Assist with collection vendor remittance information to submit to Master Data team to ensure new vendors are set up accurately. Show less

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  Outotec

  Jan 2009 - Sept 2020

   Fully support business operation from FiCo point of view. E.g. positive cash-flow, report analysis, steering meeting, internal control, risk alert. Take responsibility for rolling forecasting. Analysis on the deviation, such as margin erosion, POC project forecast; utilization and recoveries.  Actively participate high value project, assess the risk, investigate customer credit rating.  Setting up and updating on business models, including all key elements aligned with local policy, government regulation. Ensure compliance with legal, fiscal obligation.  Oversee the annual strategic planning and budgeting process.  Help SBU heads to interpret the Financial statements, period executive summary reports from Management Accounting.  Give customize Finance training and Excel training to BU heads and functions.  Coordinate with SUB for formulating Business Strategy & functional Strategy. To be the joint owner of the business policy of the company.  Leading FiCo team to provide professional service to internal and external customer Focus on the team development, continuously be at Top 1 on the Employee Engagement Index. Visit customer for business negotiation, e.g oversea customer financing; overdue collection. Show less  Take the FiCo responsibilities for Trading company in Shanghai and Manufacturing company in Suzhou.  Participate SAP implementation and be responsible for FiCo model. Get big saving on the customs report development due to personal contribution. Setup local Share Service Center team based on group’s structure. Minimize the team members to setup highly efficient support function. Keep on all the responsibilities as previous position. Manage and responsible for all the financial issues including financing, costing, accounting, tax etc. Take charge of annual budgeting, rolling forecasting for each business unit. Actively participating monthly accounting closing, review financial statements and ensure the accounting accuracy. Supervise financial reporting to meet both corporate and legal requirements. Responsible for all corporate internal reporting requirements timely and effectively. Support group controller to drive internal control process and efficiency improvement. Analyze and comment the operating activities of the company from FiCo point of view.  On-going set up and testing of updated HFM and BPC. Keep good communication with group finance team and product line controller.  Take charge of the statutory audit and internal audit. Show less

  • Financial Controller

    Apr 2015 - Sept 2020

  • Finance Manager

    Jan 2009 - Mar 2015
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  Jiangsu Changbao Precision Steel Tube Come., LTD

  Oct 2020 - Dec 2021

  Financial Director

  Responsible for the overall budget, based on the product portfolio of each production unit;Create dynamic break-even model, forecast the sales revenue, COGS and profit for each product unit based on the volume and price change. Provide effective forecast and valuable suggestion for business decisions. Take charge of capital planning for capital projects & daily operation. Review and approve capital budget and management budget implementation. Organize the monthly review, evaluate the actual operating performance of each production unit by variation analysis. Setup the target for next period. Collect historical data & industry benchmark data, establish standard cost system, calculate process standard cost according to product process route. Participate Lean production management program, work on the suggestions on cost reduction and efficiency improvement.Familiar with accounting standards and tax regulations, deal with the impact of VAT-refund rules changes. Setup the ERP super user team, optimize the procedure and standard operation, determine the best solution throughout the business process. Guide and manage the team with innovative working methods; provide relevant professional knowledge training and office software training to teams and product units’ leaders. Show less

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  昆山稳卓汽车配件有限公司

  Feb 2022 - now

  财务总监