An energetic and accomplished finance and accounting professional with a diverse background in business control and management, financial planning and reporting, controllership and ERP system implementation, at both the domestic and regional level. A team player with excellent interpersonal and communication skills, coupled with proven ability to provide detailed analytical input and support to business partners. A self-assertive individual with positive attitude and ability to identify means to solve problems effectively yet calmly in a fast-pace environment.
Sony Mobile Communications International
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Senior Business ControllerSony Mobile Communications International Aug 2015 - PresentSingaporeReporting to Finance Director of Asia Pacific, responsible for business controllership and financial planning for Mobile business units in Asia Pacific region.• Developed and implemented strategy to improve flexibility and capability of financial and business operations, achieved through effective communication and proactively recommending solutions to overcome challenges and mitigate risks. My achievements during 2016 to 2018 include implemented sales rebate reconciliation tool, improved pricing forecast accuracy, helmed and trained new business controller for Indonesia during transition. • Formulated accountable annual budget and accurate monthly forecast coupled with close monitoring of business activities, which have created positive business impact leading to improve earnings or reduce operating expenses.• Achieved SOX accreditation from 2016 to 2018 for APAC region in compliance with corporate policies for sales rebates, pricing, marketing fund investments and credit control processes. • Retained by company from 2018 to Jun 2020 to manage the Asia Pacific subsidiaries liquidation due to legal entity restructuring involving audit and tax finalization as well as local statutory closure requirements.
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Business AnalystIx Biopharma Ltd Mar 2015 - Aug 2015SingaporeReported to Chief Financial Officer, assisted in Initial Public Offer processes for SGX listing. Managed the new shares public offer documentation preparations and compliance requirements in accordance with SEC regulations leading to a successful SGX listing on 22 July 2015.
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Financial Controller, South East AsiaCdk Global Jan 2013 - Oct 2014SingaporeReported to the Financial Controller of Asia Pacific and General Manager of South East Asia, responsible for financial planning, controlling and accounting of business activities in South East Asia region• Led annual budget and 3-year strategy plan preparations and worked closely with business managers to ensure business objectives are achieved. • Implemented Hyperion forecast tool and centralised pricing to improve tracking and control performances. • Established internal control to ensure compliance with SOX, corporate policies and local statutory requirements. • Reviewed customer contracts and proposals on price, taxes and financial terms. -
Manager, Financial ProcessesAvery Dennison Mar 2009 - Dec 2012SingaporeReported to the Finance Director of Corporate office, responsible for the management and implementation of projects initiated by US corporate office, including accounting, controllership, audit and tax related projects.• Negotiated and reduced global audit fees by US$500K from 2010 to 2012.• Formulated accounting policies and guidelines for Asia, e.g. cross-business unit balance sheet review. • Represented Asia as the record-to-report subject matter expert in the global finance design project. • Implemented MFG/Pro ERP system for a new Japan entity and mentored accounting team. Improved Japan sub-contracting process, leading to 5 days cycle time reduction and month-end inventory reduction by >US$50K. • Trained and facilitated “Enterprise Lean Sigma” concept and process improvement projects in Asia Pacific sites. -
Project Manager, Financial System ImplementationAvery Dennison Jan 2006 - Mar 2009SingaporeReported to the Vice President Finance of Asia Pacific, responsible for the design and development of financial systems and processes across Asia Pacific sites based on MFG/Pro ERP and Peoplesoft financial system• Managed financial system project timeline and costs, leading to the successful implementation in Singapore, Australia and India. • Instrumented the design of chart of accounts structure, standardised financial processes, system interfaces and data conversion approach. • Implemented governance processes and provided training to end users for the new systems and processes. -
Finance ManagerAvery Dennison Mar 2003 - Jan 2006SingaporeReported to the Financial Controller of ASEAN, responsible for financial planning, cost accounting, internal control and treasury activities for Singapore operation. -
Finance And Administration ManagerNoel Gifts International Jul 2001 - Jun 2002SingaporeReported to the Managing Director, responsible for Finance, Human Resource and Administrative functions for Singapore and Malaysia operations, involving SGX quarterly financial announcements, preparation of annual reports and financial statements, hosting of board of directors meeting and annual general meeting, managed seasonal hamper sales administration. -
Senior Financial Analyst, Asia PacificCompaq Computer Asia Pacific Nov 1997 - Jun 2001SingaporeReported to the Finance Director of Asia Pacific, responsible for financial planning and analysis of Asia Pacific. Represented Asia in the global upgrade of the financial forecast model in Hyperion system. Assisted in merger and system integration for the acquisitions of Tandem Corp and Digital Equipment Corp.
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Cost Accounting ManagerMaxtor Peripherals (S) Pte Ltd Mar 1995 - Oct 1997SingaporeReported to the Vice President of Finance, responsible for cost accounting and inventory risk management in a rapid business environment. Excellence job performance led to a promotion from Senior Cost Accountant to Cost Accounting Manager. Conducted inventory stock-take with value >$50 million. Participated in production line restructuring from conveyor-belt to modular work-flow concept, achieving increased operation efficiency and improved production yield.
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Cost AccountantSchneider Electric Jul 1994 - Mar 1995Singapore -
Financial AnalystSyquest Technology International May 1992 - Jul 1994Singapore
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Audit AssociateEy Jan 1991 - May 1992Singapore
Derek Tay Skills
Derek Tay Education Details
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Institute Of Singapore Chartered AccountantAccounting And Finance -
Accounting And Finance
Frequently Asked Questions about Derek Tay
What company does Derek Tay work for?
Derek Tay works for Sony Mobile Communications International
What is Derek Tay's role at the current company?
Derek Tay's current role is SENIOR BUSINESS CONTROLLER at Sony Mobile Communications International.
What schools did Derek Tay attend?
Derek Tay attended Institute Of Singapore Chartered Accountant, Acca, Ngee Ann Polytechnic.
What are some of Derek Tay's interests?
Derek Tay has interest in Social Services.
What skills is Derek Tay known for?
Derek Tay has skills like Management, Finance, Financial Planning, Cost Accounting, Forecasting, Financial Reporting, Process Improvement, Financial Analysis, Accounting, Business Analysis, Financial Accounting, Budgets.
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