Siew Mai Lee

Resume Name : Lee Siew Mai Address : Pandan Perdana , Cheras 55300 Kuala Lumpur . Contact Information : Handphone +6016 - (-) Date of birth : 27th Aug 1967 QUALIFICATION SUMMARY Detail-Oriented Senior Cost Accountant with hands-on experience in financial / product line analysis , budgeting , forecasting and accounting .  Provide robust business modeling and reporting to facilitate executive-level decision making .  Strong analytical skills – support business operation through analysis of key performance indicators and trends .  Consensus-driven communicator – liaise across various business units and promote organizational success . History of excellence in … - Financial Modeling - Financial Statement Preparation - Trend Forecasting - Product Line Analysis - Statistical Software Tools  Work with Industrial Engineer & Production Planner to maximize the utilization of assets based on the rolling forecast by transferring the assets across the plants globally to bring down the unit cost & eliminate excessive investment on assets  Identifies the main cost driver with detailed overhead variance analysis and work with Product Engineer to implement the cost saving project  Improvised on the yearly cost allocation with the most appropriate basis and participate in the harmonization project amongst the plants worldwide to ensure standardization of cost methodology which will eventually ease and benefit us on the Cost Element mapping & Benchmarking  Review & Tracking the Production Yield report with Finance Analyst to identify the outlier and liaise with Product Engineer for the root cause and sorting out for improvement  Tracking on unit cost & utilization by customer by product to identify the exceptional high spending among the same product group & low utilization to identify leaks which could justify for re-negotiation of pricing package based on usage & capacity loaded WORKING EXPERINCE Jun 2005 to Present : STATS ChipPAC ( M ) Sdn. Bhd. : Service provider of Semiconductor packaging design, assembly, test & distribution solutions ( Senior Cost Accountant ) - Perform month end closing activities . - Review monthly product line costing report . - Prepare monthly customer margin & product mix report & analysis . - Prepare cost analysis ( unit cost & utilization commentary ) for monthly cost management meeting . - Prepare utilization analysis ( reconcile operational Vs financial performance , which is mainly due to work-in-progress on hold , yield level , shipping status ) for monthly operational meeting . - Prepare cost analysis for new / existing products . - Prepare cost modeling to suit customer requirements ( change of business model , process flow , material usage ) Duties - Compile cost analysis for Product Line Management team to support pricing management . - Review monthly overhead expenses and perform variance analysis . - Prepare monthly forecast , cost tracking & controlling . - Meet with sales & operation management team to ensure revenue is on track and spending is in line with revenue loaded . - Evaluating operational efficiency ( man-to-machine ratio , overhead spending ) to ensure it’s justifiable . - Initiating the need to revise Bill of Material ( BOM ) usage to ensure the standard BOM usage is very close to actual usage , hence reduce excessive buying . - Revise yearly / quarterly cost allocation with the most appropriate basis . - Prepare yearly budget & setting yearly standard costs ACHIEVEMENTS  Shorten closing cycle from the initial 2 days to be able to have the 1st cut in the 1st day evening .  Identified low-margin products to enhance on improvement plans via procurement and productivity plan , re-negotiation , benchmarking in order to maximize profit and strengthen global market share .  Established new forecast tracking and management reporting system to improve availability and accuracy of financial data which trigger 15% increase in accuracy for closing the gap between actual and forecasted data . Jun 2003 to May 2005 Duties Oct 1999 to May 2003 Duties : Opcom Cables Sdn. Bhd. : Manufacturer of Fibre Optic Cable ( Accountant ) - Oversees overall functions of Accounts Department - Review cashflow analysis & projection to ensure that all inflows and outflows have been taken into account and actual cash flow situation is in line with the forecasts . - Review utilization of banking facilities to ensure expiry & validity of the contract and maximizing interest income yet maintaining adequate cash flow . - Review of monthly management reports & annual accounts for external audit. - Review of monthly inventory report. - Review monthly budget & variance report. - Compile & Review of annual budget. - Review expatriate tax & tax return. - Periodical review of creditors credit terms & limits. - Prepare costing for sales quotation. - Revise bill of material ( BOM ) & standard pricing. - Checking agreements & prepare memo for management approval. - Update & Assist Department head on insurance coverage , identifying key missing element , obtain appropriate and consolidated coverage that simplifying internal administration and hence reducing cost . : Asphalt Industries Sdn. Bhd. : Manufacturer of Emulsion & Premix – Pavement Maintenance material ( Accountant ) - Oversees overall functions of the Accounts Department. - Monitoring, controlling & reporting of cashflow. - Implementation of accounting policies & internal control. - Prepare and analyze monthly accounting reports. - Handling tax computation & revising tax estimation periodically. - Interact closely with Sales department to improve credit control policy. May 1993 to Oct 1999 Duties : Larut Consolidated Bhd. : Housing Developer ( Accounts Executive ) - Handling full set of accounts for 2 housing developer company , 1 investment holding company which is dealing with hotel operation & all the holding companies in Kuala Lumpur and Hong Kong for oversea investments in China. - Preparing monthly consolidated accounts. - Prepare costing schedule. - Arranging for loan draw-down and preparing loan interest schedule. - Monitoring cashflow requirement and budgets. Mar 1988 to May 1993 : Transmix Sdn. Bhd. : Manufacturer of Ready-Mixed Concrete ( Accounts Executive ) Duties - Handling full set of accounts. - Study on variances & detailed cost investigation on unfavourable variances. - Analyse debtors’ collection and creditors’ payment trends for cashflow projection. - Preparing overhead cost estimates for monthly and annual forecasts EDUCATIONAL BACKGROUND S.M. Convent, Teluk Intan, Perak : SPM ( Secondary ) S.M.J.K. St. Anthony, Teluk Intan, Perak : STPM ( Pre-University ) Systematic Business Training Centre, Kuala Lumpur : Chartered Institute of Management Accountant ( Stage 1 ) Jasa Accountancy Centre, Kuala Lumpur : Association of International Accountant ( Graduate ) Proficiency in Language / Dialects : English, Chinese & Malay ( Written & Spoken ) Cantonese & Hokkien IT Skill : Word, Excel, PowerPoint , SAP , Qkliview