Meiling Chen Email & Phone Number

Irvine, California, Us

• Reporting to CEO and COO and supervising AR & AP staff of a wheel design and distribution business• Developing and implementing internal controls for the accounting department to ensure accurate financial reports & operational performance matrix• Structuring and streamlining day-to-day operations, creating automated processes and financial models resulting in accurate and timely financial data, and accelerating the month-end closing process• Supervising and coordinating the team of accounting staff, and assigning and examining their work for timeliness, accuracy, consistency, and conformance to policies and procedures• Responsible for monthly, quarterly, and year-end reporting, including consolidation and reconciliation of financial statements• Working with CPAs on internal control process review, month and year-end process, physical inventory, G/L and control accounts reconciliation, and cash flow management• Monitoring and analyzing headcount cost and marketing expenditures• Annual business planning, forecasting & budgeting

Lake Forest, Il, Us

• Led Finance department, supervised and mentored the AP, AR, and administrative staff of a $80M revenue/65 employee business• Orchestrated all finance and accounting functions including journal entry preparation, monthly and year-end closing, budget development, internal and external audit management, bank account reconciliation, financial management and statutory reporting • Controlled operating expenses within budgets and achieved profitability goals consistently year over year• Reduced year-end physical inventory audit and adjustments to 0.05% of an average $6M on-hand inventory value• Processed $3.5M annual salaried and hourly employee payroll, administered $300K company annual health insurance plan and enrollment and an IRA retirement program• Streamlined the standard operating procedures and accounting processes leveraging best practices for sales contract execution, collection, rebate and discount programs, commission and insurance policies, accrual accounting to mitigate financial risks and provide top of the line customer service to big-box retail customers including Walmart, Target, Michaels, Walgreens, CVS, and Kohls • Ensured the smooth execution and the financial bottom line of the business. Contribution highlights include:o Implemented two major upgrades of Apprise ERP system from SR 6.1 to 7.1 in 2011 and from SR 7.1 to 8.1 in 2021 that maximized system capacity by 20%; teamed up with an IT consulting firm to conduct a comprehensive review of hardware requirements, license agreements, enhancement analysis, EDI mapping needs, test plan, and timeline of system migration and data/report conversion o Expedited $500K monthly payments from an extended-term customer with an improvement of day sales outstanding by 45 days, by executing the supply chain financing program with Bank of America o Monitored AR and inventory balance and turns; issued monthly collateral reports to the bank to secure $22M credit line

Northfield, Il, Us

• Supervised staff accountants and company’s annual audit and managed payroll, insurance, and benefits functions for 15 employees• Developed a cash flow model which helped grow the revenue from $2 million to $5.5 million for the company• Prepared financial forecasts and reports for senior managers, investors, and financial institutions• Presented financial statements to the monthly Board of Directors meetings and guided budgeting and sales growth• Performed monthly, quarterly, and year-end closings, including bank reconciliation

Chicago, Il, Us

• Managed Motorola’s financial consolidation and internal reporting function• Conducted computing, tracking, and reconciling shares outstanding, earnings per share, related party out-of-balance reports, Balance Sheet variance analysis, and Inventory ICP estimation• Performed financial closing on a monthly, quarterly, and yearly basis for the corporate sector and the total Motorola consolidation• Oversaw the mechanics of the consolidation, analysis, and timely reporting of the results to Senior Management – Operating Statements, Financial Overview Reports, Market Sales Reports, and Statements of Cash Flow• Coordinated with the external financial reporting function for quarterly SEC filings• Managed budgeting process, issued monthly budget outlook to operations to monitor spending, control and reduce operational costs• Designed product unit margin trend charts and variance analysis tool and drove product cost reduction initiatives• Issued pricing guidelines, features and product roadmap, and discount effectiveness metrics to support financial planning & forecasting process and evaluation for Mobile Device business• Managed budgeting process, issued monthly budget outlook to operations to monitor spending, control and reduce operational costs