Kelsey Chen has over 20 years of experience in finance roles of increasing responsibility. She is currently the Financial Controller of Charles Parsons Pty Ltd, where she leads the finance team, produces monthly reporting, drives financial performance, and improved systems. Prior to this, she held financial controller and management accounting roles at several other companies, demonstrating a track record of improving processes and financial results.

1. RESUME KELSEY CHEN
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Name: Kelsey Chen
Address: 7 Pallamana Pde
Beverly Hills
NSW 2209
Contact Number: 02 95920329 (Home)
02 99104115 (Work)
0412861126
Email: kelseychen@optusnet.com.au
Education Mar 1992 to Dec 1994
Bachelor of Commerce
Accounting and Finance
Macquarie University-Australia
Professional achievement: August 1998
Full Member of CPA
Dec 2004
MBA – Deakin University
Australia
July 2008
Middle Manager Training - AGSM
Computer literacy: Excel, Access, Visual Basic, Movex
JD Edward, CBA, ProQ

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Working experience:
Nov 2006 to Current: Financial Controller
Charles Parsons Pty Ltd
Industry: Fabric and Fashion
Turnover: 200 million
Package: 160K + Super + Bonus
Main duties include:
 Reporting to CFO
 Leading finance team of thirteen in Australia
 Leading finance and administrative team of four in
Shanghai WOFE office
 Producing monthly Executive Reporting Pack
including
- Group and division financials with commentaries
- KPI’s for 10 key business performance areas.
- Sales analysis by customers, sales reps and
product group
- Business Reports
- Status of top risky Accounts
- Group Stock and SLOB report
- Annual financial forecast
- CAPEX report
 Driving and monitoring financial performance by
- Producing budget and 12 month forecast
- Monitoring budget variances and prompting
business actions
- Assisting business to get approval of profitable
capital expenditure
- Providing insightful financial information to
improve business profit
 On-going improving ERP (Movex) and BI (ProQ)
system to achieve their full potential.
 As member of company strategic planning team,
providing and responsible for financial strategic
milestones.
Achievements include:
 Implemented BI reporting system ProQ
 Assisted CFO to cut operating cost by 40%.
 Reduced headcounts of Finance team by 50% by
restructuring system and process
 Reducing DSO from 100+days to 70
 Successfully restructured Shanghai operation

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Jul 2006 to Nov 2006: Financial Controller
Teleplan Australasia
Division of Teleplan B.V. listed in Germany
Industry: IT after-sale service
Division turnover: 50 million
Group turnover: Over 1 billion
Package: 105K + Super
Main duties include:
 Reporting to Business Unit Controller in Singapore.
 Overlooking financial performance of Australian and
New Zealand
 Managing a team of four.
 Providing monthly financial reporting and result
analysis including
- Snapshot of P&L,
- Balance sheet and cash flow
- Analysis of profitability by Consumer and
Product
- Analysis of trend of sales, margins and EBITDA
 Budgeting and Forecast
 Managing and improving month-end reporting
process
- Setting up and monitoring month-end close
process
- managing reporting timetable
- reviewing reconciliations of balance sheet items
 Managing taxation and insurance including
- reviewing reconciliation of group tax and payroll
tax
- reviewing BAS returns
- reviewing FBT calculations
- negotiating and renewing insurance policies
including ISR, motor, marine, D&O and Workers
Comp insurances
 Review request of Capex
Achievements include:
 Successfully submit and obtain approval of 500K
Microsoft Xbox project for Sydney site

4. RESUME KELSEY CHEN
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Jun 2000 to Jul 2006 Management Accountant (2000 to 2002)
Financial Controller (2002 to 2006)
Arrow Pharmaceuticals
Division of Sigma Pharmaceuticals Ltd
ASX Code: SIP
Industry: Pharmaceuticals and Health care
Division turnover: 500 million
Group turnover: Over 2 billion
Package: 95K + Super + Options
Main duties include:
 Reporting to CFO
 Leading a team of eight including 1 qualified CA, 1
CPA student, 1 AP, 1 payroll and 4 AR’s
 Providing monthly financial reporting and result
analysis including
- P&L, Balance sheet and cash flow
- analysis of gross margin by product and suppliers
- analysis of trend of sales, margins and EBITDA
- analysis of working capital performance – values,
changes and % to net sales
- analysis of operating costs by cost center
- detail commentary of financial performance –
comparing with budget, previous and last year,
identifying key performance or cost drivers
- 12-months rolling forecast of P&L, balance sheet
and cash flow with scenario analysis
- Other ad-hoc analysis such as impact of discount
structures, profitability of pharmacy group or
territory etc.
 Annual budgeting for
- sales and margin by product group
- operating costs by cost center
- working capital performance targets – DSO,
Inventory covers and Creditors turns
- R&D and capital expenditure
- balance sheet and cash flows
 Monitoring and managing working capital including
- daily investing or borrowing
- ongoing reviewing of debtors ageing and stock
level
- reviewing and authorizing payments
- reviewing weekly bank reconciliations
 Managing and improving month-end reporting
process
- monitoring month-end close process

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- managing reporting timetable
- reviewing reconciliations of balance sheet items
 Managing taxation and insurance including
- calculating tax provision, FITB and DITL
- reviewing reconciliation of group tax, withholding
tax and payroll tax
- reviewing BAS returns
- reviewing FBT calculations
- negotiating and renewing insurance policies
including ISR, motor, marine, D&O and Workers
Comp insurances
 Implementing IFRS including
- providing detail analysis and documentations
regarding impact of IFRS on financial results
- providing advices on main areas include
impairment tests of intangibles and share-based
payment
 Coordinating with auditors
 Ongoing improving procedures and policies of
finance department
Achievements include:
 Improved quality and relevance of monthly reporting
 Reducing days of reporting from 7 to 5 working days
after month end.
 Built up new 12-monthly rollover forecast model to
provide more insightful analysis of financial
performance
 Built up a highly efficient and flexible finance team to
support a strong market oriented business
Dec 1999 to Jun 2000 Accountant
Plastral Fidene Pty Ltd
Industry: Importing and distribution
Turnover: 50 million
Main duties include:
 Reporting to Financial controller
 Cash flow controlling and forecast
 Weekly and monthly financial reporting and analysis
including
- P&L and Balance sheet
- Profitability analysis by product, customer and
supplier
- Comparative analysis with budget and last year

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- Year-to-day monthly trend analysis
- Commentary on material fluctuation
- Cash flow statement and forecast
- Weekly sales and stock level snapshot
 Arranging L/C and trade finances
 Take forward exchange contract and options
 Responsible for Telephone, mobiles and data line and
fleet
Main achievements include:
 Improved the profitability of hedged portfolio within
acceptable risk
Oct 1998 to Nov 1999: Management Accountant
George Norman Pty Ltd
Division of Multix group
Industry: Manufacturing and Distribution
Division turnover: 40 million
Main duties include:
 Reporting to General Finance Manager
 Maintaining General Ledger under CBA system
 Reconciling full balance sheet items
 Preparing monthly P&L, Balance sheet and result
analysis
 Provide monthly and ad-hoc analysis of production
variances relating to material and labor usage and
overheads absorption
 Generating monthly production performance charts
for packaging work stations.
 Implementing new manufacturing reporting system in
Access and JD Edward
 Preparing annual budget
 Maintain and review standard BOM and costs
 IT administrating such as back up and trouble
shooting.
Main achievements include:
 Successfully developed and implemented daily
production performance reporting system in Access
 Successfully implemented JDE One-World
manufacturing accounting system

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Apr 1997 to Aug 1998 Management Accountant
Schering-plough Pty Ltd
Australian subsidiary of Schering-Plough Inc
listed in NYSE
Industry: Pharmaceuticals and Health care
Subsidiary turnover: 60 million
Main duties include:
 Reporting to Manager- Management Accounting
 Maintain product data in MRP II system
 Preparing monthly production performance report and
providing detail analysis on variances including
purchase price, yield, material usage, efficiency, labor
rates, fixed and variable overheads recovery.
 Preparing budgeting and quarterly forecast for
production costs
 Annual review of standard BOM and product costs
 Analyzing monthly inventory aging report and
investigate material slow moving items
Mar 1995 to Mar 1997 Business Analyst
Hong Kong Deloitte
Main duties include:
 Documentation and reviewing Clients’ accounting
systems
 Identifying and testing controls of accounting systems
 Providing improvement on accounting system in form
of management letter
 Analyzing Stock/receivable aging report and suggest
accounting adjustment on slow-moving items
 Make tax provision
 Organizing stock taking and physical inspection of
Fixed Assets
 Analyzing fluctuations of financial statement
 Draft Audit Financial Statements in accordance with
local accounting standards