A seasoned finance professional with solid experience in automotive, machining and machinery industries.20+ years of experience with a very strong business acumen, a full spectrum of finance functions, incl. accounting, controlling, planning and analysis, and reporting. In addition, cross functional management of IT, Logistics, Purchasing and legal in China and Asia.Valued experience in business process re-engineering, team re-empowering and team buildingGood experience in strategic planning and M&A.Comprehensive experience in SOX compliance and internal control.Strong ERP experience incl. managing the implementation of SAP and Scala.Successful records in WOFE startups (automotive and aerospace) and operations, and JV management.Experience in setup and operating of ASSC (China Regional Accounting Shared Service Center).Very strong communication with all levels, including boards, senior executives, customers, suppliers, employees and government agencies.A good problem-solver and self-starter.Familiar with local laws, regulations and policies.Specialties:CMA (Certified Management Accountant, USA)ASA (Associate CPA, Australia)US GAAP & PRC GAAP, IAS & IFRS, and Hyperion Reporting
Baic Magna Automobile
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Chief Financial OfficerBaic Magna AutomobileShanghai, China
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Chief Financial OfficerBaic Magna Automobile Oct 2022 - Present
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Finance Director - AsiaThe Woodbridge Group Jan 2016 - Jan 2022Mississauga, On, CaCo-owns the P&L responsibilities of the region of $500m budgetManages the overall finance function of 14 plants in Asia, including China, Japan, India and Thailand (JVs and WOFEs).Coordinates and prepares JV Board meetingGrows the region with strategies in M&A and organic -
Asia Finance DirectorHenniges Automotive Jan 2015 - Dec 2015Auburn Hills, Michigan, UsCo-managed the region with full P&L responsibility of $200mCorporate finance, incl. strategic finance planning and M&A, etc.Day-to-day operations of finance, controlling, analysis and reporting of plants and trading companies in Asia Region.Restructuring, processes streamlining, alternatives identification.Manages IT and Purchasing for the region. -
China Finance DirectorA123 Systems Aug 2010 - Dec 2014Novi, Michigan, UsOversees the business of $150m with all financial functions so that transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards both for US and China.Direct the preparation of the financial reports, management reports, and regulatory reports to meet filing requirements for US GAAP, PRC GAAP, SEC in a strict deadlines to support corporate filing with public company requirements.Evaluate proposed business activities and transactions such as acquisitions, investments, capital expenditure, divestitures, mergers, or the sale of assets for all the China locations (7 plants, 1 trading co. and 1 R&D center).Establish and maintain positive relationships with banks, tax authorities and audit firms.Lead, direct and develop a team of managers to ensure that the organization's financial strategy is implemented effectively, consistently according to established guidelines.Lead implementation of company ERP system, Oracle, for next phase and continuously support for improvements.Developed the SOX Narratives and Ensured SOX compliances. -
Finance Controller - China Automotive DivisionHarman International Oct 2006 - Aug 2010Stamford, Connecticut, UsManaged and developed the biggest Asia manufacturing base from 10 employees to 1,000 employees, and sales @ $150M in the 4th year.Besides the routine job of finance, controlling, and management reporting, supported the product transfer, led SAP implementation as the project manager.Setup work scope, procedures and managed the operations of China Accounting Shared Service Center for 3 locations.Led the SOX Narratives development and SOX compliance reviews. -
Finance ManagerSmiths Aerospace Components Aug 2003 - Oct 2006GbStartup the operations and in charge of Finance, Accounting, Controlling, Reporting and Analysisand IT and ERP System - Mapics (Infor)Logistics -
Finance & Admin ManagerCeramtec Hi-Tech Ceramics Suzhou Ltd. Aug 2001 - Aug 2003Finance & Accounting, Controlling, Reporting and AnalysisIT, SCALA ERP implementation
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Chief Accountant / CostingMesser Cutting & Welding Systems China Ltd. Jul 1996 - Aug 2001Menomonee Falls, Wisconsin, Us
Albert Qiu Education Details
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Victoria UniversityFinance -
Harbin College Of EngineeringCis Finance
Frequently Asked Questions about Albert Qiu
What company does Albert Qiu work for?
Albert Qiu works for Baic Magna Automobile
What is Albert Qiu's role at the current company?
Albert Qiu's current role is Chief Financial Officer.
What schools did Albert Qiu attend?
Albert Qiu attended Victoria University, Harbin College Of Engineering.
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