Grace LIU
Finance Director - Greater. China Medical Business Segment Controller @ ZEISS Group
About
● World - Class University Master degree in Accounting & Finance ● ACCA Membership ● Extensive work experience, starts from GE Leadership Program – Financial Management Program, then built up deep expertise and leadership skills in multiple areas – FP&A, Finance Business Partner/Commercial Finance, Controllership, Operational finance, and Supply Chain Finance.
China
Shanghai
Medical Device
Corporate Finance, Managerial Finance, Analysis, Financial Modeling, Leadership, Financial Analysis, Finance, Financial Reporting, Financial Audits
Experience

Finance Director, China Supply Chain
Shanghai City, China
●Finance Director for China Supply Chain, lead 10 team members. Work scope covers accounting, control process management, and COGS analysis & forecast. Supply Chain footprint includes 4 Manufacturing Plants, Logistics Finance, Sourcing, and Imported Brands. ●A strong business partner with Supply Chain leadership team to drive Process Excellence, Holistic Margin Management, Operational Module transformation. ●Ensure the foundation of accounting/reporting adhere to control standard policy. ●Set up China Supply Chain KPI Dashboard to drive clear performance measurement. Set up the holistic COGS Analysis module to provide visibility and insight to customers. Enhance the monthly COGS estimate, Holistic Margin Management review & validation process. ●Lead to Enhance the China Supply Chain Control Environment, achieved “Satisfactory” result from Global internal Audit team, big improvements vs last year. On -site training and lead people mind-set change, reestablish process to in line with global control policy, coach the team on self-check and remediation plans. ●Drive Logistics Module Optimization through insightful analysis (warehouses costs/location, transportation cost by different channel/customer/business type), provide actionable suggestion to key function leaders to drive cost-efficiency. ●Enhance China Capex Management Process. Standardize &Integrated all functions (Manufacturing, HD Shop, Admin) Capital Planning, Approval, Tracking, Estimate, Post Project Review Process. ●Proactive involvement in Supply Chain key Strategy Project, provide financial scenario analysis on operational module decision and implication. ●Build team’s analytical/business partner skills through coaching, training, and sharing. Transform team mind side from accounting booking to analytics & insights on COGS.

Senior Finance Manager (Business Unit)
Shanghai City, China
●Full P&L owner of the BU, A strong business partner to drive and support business expansion/growth through providing business insight based on deep financial analysis, estimate, business module analysis. ●Build and continuously improve foundation of finance (Commercial/Sales, NPD, Portfolio Management, Supply Chain), including KPI, financial full P&L (Volume, trade, COGS, A&CP, Admin) analysis estimate with identified risk & opportunities. Work with Supply Chain Finance to drive GM% improvement with identified projects. ●Strong ownership and commitment to lead cross-functional projects to drive Yoplait business recovery and growth, improve process excellence and enhance spending, even when business is in challenging situation with key positions vacant. Analyze and track spending efficiency with business suggestion. Work with Sales finance to ensure good trade management (Promotion, free goods, rebate, display) ●Partner with business leaders to develop Annual Operational Plan and 3-year strategic plans and drive sustainable business module. Provide recommendation based on key drivers identification and analysis. ●Proactive leadership in Merger &Acquisition deal, including the complete process of Due Diligence, Pre-audit, and negotiation meetings with the buyers. Delivered the best result within short periods with overcoming many challenges. Received General Mills Annual Global CEO Champion Award and General Mills Annual Global CFO Finance Champion Award. ●Effectively lead/develop a team of Financial Analysts, with clear roles & responsibilities, identify and action development needs to ensure superior finance business support.

Asia&Latin America Group FP&A Manager
China
●Partner with business leaders to drive performance with profitable growth.Enhanced reports and process with deeper analysis of results, estimate, key metrics, advising the leadership team on risks and opportunities. ●Lead region level cross-functional projects to drive simplification, improve organizational process excellence, enhance efficiency for strategic decision making. Lead and coordinate monthly operational PEAK processimprovement, key integration reconciler across the whole operational process (Strategy, Product, Demand, Supply Chain, Finance, Asia Business Review). Support the implementation of PEAK Process in the new Asia Region.Lead and set up Zero-based budgeting process to improve spending efficiency. ●Lead and Organize process and financial estimate for Annual Operational Plan and 3-year Strategic Plans. Organize the Plan process and schedule in an efficient way. Proactive involved in the portfolio analysis, deep drivers analysis. Delivered all the tasks with high quality, within a tight time-line, even during the team transition and busy business restructure period. ●Act as the G.China region lead for Global Business Performance Management project, drive data/process efficiency, simplicity, and standardization. Deeply involved in the global project design sessions (In-person design sessions in U.S HQ; Frequent meetings with region lead from other countries;Actively communicate China business’s needs with global project teamto provide input & ensure efficient execution) ●Effectively lead/develop a team of Financial Analysts, with clear roles & responsibilities, identify and action development needs to ensure superior finance business support.

Greater. China Region HQ FP&A Manager
Shanghai
●Partner with business leaders to drive performance with profitable growth.Enhanced reports and process with deeper analysis of results, estimate, key metrics, advising the leadership team on risks and opportunities.Support Greater.China region F17 achieved RNS $665MM (+$18MM vs Target), EBIT $49MM (+ $9MM vs Target) ●Lead region level cross-functional projects to drive simplification, improve organizational process excellence, enhance efficiency for strategic decision making. Lead and coordinate monthly operational PEAK process improvement, key integration reconciler across the whole operational process (Strategy, Product, Demand, Supply Chain, Finance, Asia Business Review). Support the implementation of PEAK Process in the new Asia Region.Lead and set up Zero-based budgeting process to improve spending efficiency. ●Lead and Organize process and financial estimate for Annual Operational Plan and 3-year Strategic Plans. Organize the Plan process and schedule in an efficient way. Proactive involved in the portfolio analysis, deep drivers analysis. Delivered all the tasks with high quality, within a tight time-line, even during the team transition and busy business restructure period. ●Act as the G.China region lead for Global Business Performance Management project, drive data/process efficiency, simplicity, and standardization. Deeply involved in the global project design sessions (In-person design sessions in U.S HQ; Frequent meetings with region lead from other countries;Actively communicate China business’s needs with global project team to provide input & ensure efficient execution) ●Effectively lead/develop a team of Financial Analysts, with clear roles & responsibilities, identify and action development needs to ensure superior finance business support.

Finance Manager
GE Oil & Gas
Shanghai City, China
Overall Finance Manager for a shared trading company (the only trading company for legacy OG in China, shared by 5 product lines), covering Controllership, FP&A, Operational finance. ● Lead Finance team with 6 team members (1 direct report in FP&A/operational finance , 5 dot line reports in accounting & reporting) ● Drive B/S, P&L, working capital result review & control. Work with China controller and CFO to ensure communication and reporting accuracy and regional issues. ● Provide comprehensive financial reports & analysis to Board of Directors/GM/CFO. Identify business productivity areas to leadership (simplification/DOA/growth) and support planning cycles. ● Provide finance expertise and leadership to drive Operational process excellence, deliver on business growth and profitability while ensuring controllership in OG BJ. Improved CFOA $18M in Y2015, paid back all liability through deep dive drivers and process enhancement. ● Lead new ERP system (Hyperion HFM ) enhancement. Drive ledger reporting design link/check with global ledger. ● Supervise GOF accounting team – AR, AP, GL, Account reconciliation, etc. Establish the enterprise standard from compliance & integrity. Analyzed and cleaned up all historical issues, improving the efficiency and simplification. ● Keep the companies compliant with policy requirements, monitoring process &activities (trade/custom, tax filing/process). Owner of internal & external audit with zero defects. ● Lead, coach and motivate team for career development and build up pipeline.

BU Financial Planning & Analysis Leader
Shanghai City, China
Play a key role in planning cycles including developing monthly estimates, operating plans/reviews, Growth Playbook (3-year Plan), SII (1-year Plan), OP (operating plan). Be a strong business partner; support Ultrasound business double digit growth in last two years. Achieve GE Finance Growth team Award ● Accurately P&L forecast (Sales to OM) & deep analysis. Efficiently analyze Installation & Warranty standard, streamline ECA standard & training productivity analysis & proposal. Achieve GE Healthcare Individual Award ● Improve yearly Price analysis (purchase behavior/configuration), Effective Price setting/Margin control for different channels/dealers. Standardize special price process. Achieve GE Ultrasound General Manager team Award ● Lead &Simplify Sub Leger &General Leger Recon process in closing. Efficiently communicate with other functions for entry to go/ adjustments. High Quality/speed entries and closing reports ● Proactively communicate with Global &China HQ team. Prompt submission & deep analysis: sales &margin analysis by product; Order/backlog/fulfillment; Business review (P&L/Market/Price/CM Walk/OVC/BC)

BU Financial Planning & Analysis
Shanghai City, China
Play a key role in planning cycles including developing monthly estimates, operating plans/forecasts/reviews, Growth Playbook (3-year Plan), SII (1-year Plan); OP (operating plan). ● Proactively design and own full P&L template for Management review, link with Hyperion/Pitch, full visibility by Legal entity, region, and team. Secured supportive assumption and walk for estimate. Achieve GE Life Science General Manager Cooperation and Boundless Hero Award ● Take the full responsibility in Other COGS/OVC/BC tracking, analysis, estimate. Lead quarter-end closing review to develop reliable estimates. Initiate “Entry to go” template by owner, hugely improve forecast accuracy ● Lead Whatman commercial integration to GE project. Achieve GE Life Science Global CFO Award ● Simplify monthly/quarterly P&L reports by region/team/KPI through Hyperion and Lean thinking. Save 80% time and enhance visibility for performance measurement. Achieve GE Healthcare Simplification Award ● Create weekly Order Report/Tracker and Secured database. Provide full visibility to track, forecast & Linearity analysis. Work actively with OTR team to set up order estimate and management process. Achieve GE Healthcare FP&A team Award

Financial Management Programme (FMP)
4 Rotations in different business
FMP is an intensive two-year Leadership program spanning four rotational assignments. The program combines coursework (financial foundation, financial operation, controllership, and strategy), intensive job assignments and interactive seminars to develop one's leadership and analytical skills. ●1st rotation: GE Water, Financial Planning & Analysis Set up In China for China (ICFC) Project process for financial track, analysis, and estimate Sales forecast package; Customer Erosion & Expansion analysis; SM analysis by customer/product ●2nd rotation: GE Healthcare, Central region, Commercial Finance Monthly Sales, MMCM, base cost forecast & variance analysis; Backlog status review with OTR China operation council review; KPI scorecard & reporting package ●3rd rotation: GE Healthcare, China HQ, Financial Planning & Analysis Healthcare Finance Integration Project: Change order reporting basis; Redesign system reports& templates Ops review, Quick Market Intelligence (QMI); Global reports; Order &Sales report; P&L Recon; Internal Recon ●4th rotation: GE Capital, Controllership Took the whole responsibility for 2 legal Entities: prepare and upload all entries; Account reconciliation (number >120) Balance sheet review; OTC reports; Payment/Original voucher collection and document filing
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