Derek Tay Email & Phone Number

Singapore

• Reporting 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.
• 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.
• 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.

Singapore

Reported 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.

Singapore

• Reported 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.

Singapore

• Reported 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.

Singapore

• Reported 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.

Singapore

Reported to the Financial Controller of ASEAN, responsible for financial planning, cost accounting, internal control and treasury activities for Singapore operation.

Singapore

Reported 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.

Singapore

Reported 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.

Singapore

Reported 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.

Singapore

Singapore

Singapore

Associate Member, Accounting And Finance

Fellowship Member, Accounting And Finance

Diploma In Business Studies, Accounting And Finance