1. Andy Fuk Sang, YUNG
Age: 50 Mobile: 61683071
Expected Salary: Negotiable
EMPLOYMENT HISTORY
Financial Controller Sep 2015-Present
China New Energy Power Group Limited (HK listed company)
- Reports to Management on all aspects of financial matter
- Monthly Reporting in terms of cash management and financial reporting
- Projects Analysis
- Liaise with bankers and auditors
- Manage treasury functions
- Assists on company secretarial on announcements and circulars
- Ad hoc projects
Senior Finance Manager April 1, 2014-Oct 22, 2014
Kasfield Leather Goods Manufacture Ltd
- Supervise the accounting team in HK, China and Bangladesh
- Liaise with bankers
- Monthly reporting to management
- Assist in ERP system implementation
General Manager Jul 2011-Oct 2013
Imtech Marine China Limited
Serve as liaison between departments (Finance, Supply Chain, Administration & HR, Sales and
Service teams) and operating units in the resolution of day-to-day administrative and operational
problems.
Responsible for guiding employees in achieving the goals and ambitions of the organization.
Dealt with major Japanese and European suppliers
Ensure that all processes and practices are working in a proper manner.
2. Discuss with other members of the top management and devise any specific goals, which are to
be accomplished within a certain time period.
Major Accomplishments
Increased the customer base by 10 per cent
Drove a 30 per cent increase in service revenue and 15% per cent increase in profit
Financial Controller June 2004 – July 2011
Imtech Marine China Limited
Management of the finance function and overseeing the finance team.
Preparation of budgets, forecasts and cash flows
Maintenance of financial ledgers and accounting processes are in order
Preparation of Monthly Consolidated P&L and Balance Sheet
Timely production of statutory and internal financial reports to local and group management
Financial modelling and analysis for ad hoc reporting
Treasury (Hedging arrangement and analysis, liaise with bankers)
Liaise with auditors
Cash management and treasury duties
Ensuring that appropriate systems and internal controls are implemented and maintained
Supervision of the Payroll process including MPF
Daily administrative supervision
Major Accomplishment
Discovered fraud – helped the company recovered over HKD2M loss revenue
Renormalize the company’s accounts & books and tax positions (2000-2003)
Assisted to restructure the company under a more efficient and effective position
Setup two subsidiaries (WOFE) in China ,Shanghai
Setup treasury functions/ tools (hedging, etc..) to improve the financial position of the
operation
3. Led to Implement new ERP system – Microsoft Dynamic (AXAPTA) for more efficient and
effective working and operational environment
Improved Credit Control and significantly improved the past due status (within 30 days
turnover)
Successfully keeping the budgets meet expectation for consecutive years
Accounting Manager (Stationed in Dongguan, PRC) April 2003 – Jan
2004
Lamex Trading Ltd
Supervised the accounting and taxation operation of all branches in PRC
Supervised 25 accounting staff including HK and local staff
Coordinated with the headquarter in HK for all accounting and treasury matters
Liaised with auditors and bankers (both PRC and HK)
Reported to Group Financial Controller and the management team in PRC
Monitored billings, credit control and debts collection
Responsible for ad-hoc assignments & financial analysis
Major Accomplishment
Successfully help to implement a purchase function under SAP
Financial Controller Feb 2002 – April
2003
WSP Hong Kong Ltd
Reporting directly to Managing Director in relation to strategic business decisions for the group
Daily cash flow management and shortening cash flow conversion
Management of Company Finance including Payroll team
Contract renegotiation on future commitments impacting cash-flow
Debtor Management ensuring past dues are kept to a minimum.
Financial management of the organization primarily focusing on internal & external compliance,
systems and processes
Major Accomplishment
4. Successfully restructure the department to save costs – HK$400K a year
Set up Rep offices in Beijing and Shanghai
Finance Manager Aug 1999 – Feb
2002
Hyder Consulting Limited
provided and interpreted financial information;
monitored and interpreted cash flows and predicting future trends;
analyzed change and advising accordingly;
analyzed competitors and market trends;
developed financial management mechanisms that minimise financial risk;
conducted reviews and evaluations for cost-reduction opportunities;
managed a company's financial accounting, monitoring and reporting systems;
liaisie with auditors to ensure annual monitoring is carried out;
developed external relationships with appropriate contacts, e.g. auditors, solicitors, bankers and
statutory organisations such as the Inland Revenue;
produced accurate financial reports to specific deadlines;
managed budgets;
arranged new sources of finance for a company's debt facilities;
supervised 6 staff;
kept abreast of changes in financial regulations and legislation.
Major Accomplishment
Successfully helped to upgrade the operation and accounting system
Cost saving plan implementation
Recovery Controller Sep 1996 – April
1999
Airport Authority Hong Kong
5. Coordinated with various parties: Cost & Control Department, Finance Department,
Contractors, Franchisees and Licensees to ensure the recovery of debts.
Monitored receivables and debt collection functions over 120 contractors/franchisees and
licensees.
Assisted the Cost Manager and work with Quantity Surveyors to carry out post award
administration of contracts including claims auditing and verifications.
Worked with Senior Contracts & Controls Engineer in negotiation with the licensees and
contractors in case any dispute arises regarding charges levied.
Monitored payments to contractors and licensees.
Assisted Cost Manager to exercise control over projects expenditure including the
establishment of control procedures.
Provided financial information to the Senior Contracts and Controls Engineer in respect of
accounts with contractors, franchisees, and licensees.
Assisted the Cost Manager in preparing project budgets.
Prepared weekly reports and analysis on recovery matters for management weekly
meetings and on ad-hoc basis.
Major Accomplishment
Helped to recover the claims from contractors amounted to HKD2M over the term.
Senior Accounting Officer April 1994-Sep 1996
Wo Kee Hong Ltd
Reported to the Deputy-Finance Director for all financial and accounting matters of the
Group’s major subsidiaries.
Reviewed and prepared monthly financial and management reports, including executive
summary reports and group are banking facilities reports.
Organized monthly financial meeting with the CEO, Deputy Finance Director and the Sales
Managing Director of individual business units on monthly financial reporting and
operational performance.
Liaison with the external auditors in the annual audit exercise.
6. Worked with the senior manager in doing the group consolidation exercise.
Participated and organized annual and interim stock-take exercise.
Participated tax planning for the Hong Kong and UK subsidiaries.
Supervised a team of 4 staff.
Worked with the IT colleagues on system setup for the subsidiaries.
Delegated as the group banking facilities coordinator and liaise with the bankers. (Over 10
major bankers)
Monitored the monetary transfers within the group.
Hands on experience on L/C, T/R and Short Term Loan applications.
Participated in performing feasibility’s study on a Joint Venture Project in Jiangmen , PRC.
The JV is a Sino-Japanese and Hong Kong factory manufacturing washing machines and
air-conditioners.
Involved in the valuation of the project and the later stage in setting up the accounting
system in the JV. Evaluation of the cash-flow projection, profit forecast, etc.
Participated in doing Due Diligence Review, Syndicated Loan and “Spin-Off” exercise.
Major Accomplishment
Successfully helped the management to increase the banking facilities for operation
Internal Auditor July 1993 – March 1994
Inchcape Pacific Limited
Carried Out audit assignments in accordance with Group’s policies and
regulations.
Reviewed operational business processes and compliance procedures for the
Group’s various line of business and depts., including insurance, engineering,
wholesaling, travel agency, Treasury Dept. and Human Resources Dept. etc.
Discussed with the auditees on the findings and recommended for
improvement.
7. Assistant Auditor June 1992 – Feb 1993
HongKong Electric Holding Ltd
Carried out the audit assignments on different areas of
organization for the efficiency, cost savings and group’s
policies and regulation compliance.
Assignments included system implementation and
conversion testing on the computer system and program
testing on the generated reports, provident fund review,
medical expense review, etc.
Prepared audit findings report and recommendations.
Audit Assistant Sep 1989 – March
1992
Deloitte Touche Tohmatsu
Assisted seniors in conducting company analysis regarding
clients’ financial position.
Financial monitoring payments and receipts of clients placed
into receivership.
Prepared financial review reports.
Performed audit tests, including transaction tests, balance
tests, analytical review for statutory compliance.
Monitored the progress of audit assignments and ensured
the prompt completion.
Supervised and reviewed the audit work of the juniors.
Coordinated with clients for year-end stock-take exercise.
Computed client’s tax assessment.
Drafted financial statements and auditor’s report in
compliance with statutory requirements.
Reviewed clients’ internal control system and recommended
for improvements in form of management letter.
8. Clients: ASM Pacific, Kosuku Paper, Inchcape Pacific,
Wilkson and Grist (Solicitors), Royal Doulton, Top Form Bra.
Mfg. Ltd., Jademan, GoldPeak Industrial, Oriental Watches,
Emperor Jewellery, Standard Chartered Bank, Express
Newspaper, Paladin Pacific Ltd, China Dyeing and other
manufacturing industries.
EDUCATION HISTORY
Master of Business (Victoria University of Technology (Aust)) 1998
Bachelor of Arts (Hons) in Economics (University of Sheffield, England) 1989
Form 1-7 (St. Josephs’ College, Hong Kong) 1985
QUALIFICATION
CPA Member of HKICPA
CPA Member of CPA Australia