peter wang

* Honeywell is a US based public company, It moved ACS (Automation Control Solution) BU Asia Pacific head office from Singapore to Shanghai in Y2003. The total revenue of ACS Asia was around $200M and it has 200 staffs in 2004. * Credit control and financial reporting: Gained two financial awards in 2003 and 2004 for outstanding credit control and financial reporting. * Project management: Obtained Six Sigma Green Belt certification project by applying Six Sigma method to reduce A/R balance and improve working capital. Declined DSO from 114 days to 68 days in 1 year and decreased past due % to 20 from 34 by the end of 2003. * Budgeting: Prepared annual budget and monthly operation review through proactively collaborating within the team.

* FMCG Company invested by Denmark with annual sales revenue of 2002 exceeded $1 billion in China. Its main product is Dumex milk powder and Yoplait yogurt. * Reduced A/R DSO from 24 to 18 over 1 year by implementing effective credit control. * Improved ordering and credit control process through good communication with sales and marketing team. * Estimated the A/R collection target in every month. Control the variance between actual number and forecast <5%

* It is belonging to Hitachi Group and head office is in Japan, which is a Construction Equipment provider to China such as Excavators, wheel loader. The sales revenue of 2000 was around $50M and it has 100 staffs in China. * Performed accounts receivable aging analysis * Performed expenses analysis and forecast

* Financial Budgeting and Analysis * 1, Conducted profitability analysis for new customers/ new product through products cost analysis such as direct cost and indirect cost. * 2, Provided budgetary planning for all departments through involving business discussion with VP and operation teams. * 3, Interpreted financial implication to VP and sales team to help them to understand financial impact from different scenarios. * Operation management * 1, Ensured inventory turns are good and regularly tracked through calculating safety stocks and stock taking in every 2 weeks. * 2, Initiated purchase orders (PO’s) in a timely manner to replenish inventory and managed Accounts Payable within reasonable payment term * Financial Reporting * 1, Provided financial report to the management team and performed variance analysis to explain the variance between actual performance with budget. * IT application to costing analysis * 1, Monitored and controlled the manufacturing cost through developing costing system with 3rd IT specialists and internal operation team.