Joanne Yu

• Managed entire accounting and finance operations for three entities located in two States and 6 direct report staffs
• $35 millions dollars annual revenue operations in material handling distribution industry
• Streamlined internal processes to enhance workflow efficiency
• Clean up obsolete and aged accounts to provide better visibility of company's financial position to shareholders
• Provided technical accounting advisory to ensure accuracy of financial data
• Managed daily accounting functions (AR, AP, balance sheet account reconciliation, month end and year end close)
• Ensured timely monthly financial statement reporting, and provided insightful financial analysis to support executive team in making informed business decision
• Performed cost accounting on various multi-millions dollars customization projects. Tracking costs and revenue recolonization at various stages of projects. Billing and collection.
• led financial audit process and facilitated tax return filing.
• Provided advisory on financial and tax planning and ensured compliance with tax regulations
• Implemented cost-saving measures, identifying inefficiencies and reallocating resources to achieve optimal results
• Reduced month-end closing time by optimizing reconciliation procedures and improving collaboration between departments
• Inventory management and WIP calculation

Strategic business and Financial Planning, and Relationship Management

• Member of executive team. Reported directly to owners of company
• Produced financial statements, financial analysis, and financial matrix to support business performance review, and provided recommendations to improve profitability. Contributed to company’s expansion to double in revenue and developed new markets.
• Applied cost accounting on project management
• Oversaw financial activities for entire global operations, included eight entities located in USA(HQ), Europe, and Asia
• Owned entire accounting and financial operations. Achieve 100% accuracy of financial records. Successfully passed IRS audit without any adjustment from the agency
• Developed and implemented accounting policies, procedures, and internal controls to improve workflow efficiency. Shorten month end close to three days from previously 7 day close
• Supervised, mentored, and trained a global team of six direct report staffs
• Facilitated lending procedure to secure credit lines and loans
• Developed and fostered relationship with external CPA, legal, banker, and stakeholders
• Developed and maintained internal controls to safeguard company assets

Full Cycle of Accounting and Financial Analysis & Reporting

• Oversaw all aspects of accounting functions (general ledger, AR, AP, billing, collections, payroll, cash flow, fixed assets, and account reconciliation)
• Slashed past-due accounts by 80% and reduced bad debt to near zero from previously 10%
• In charged of month-end, quarter-end, and year-end close
• Budgeting and forecasting, and actualization variance analysis to identify areas of improvements
• Implemented a new payroll system, which shorten processing time by 65% and provided employee with direct access to payroll record

Audits, Internal Controls, Compliance, and Taxes

• Point of contact for external CPA and auditors for all tax compliance, tax returns, and financial audits
• Prepared and filed multi-states and local sales tax returns
• Ensure compliance with local, state, and federal regulations and reporting requirements
• Maintained appropriate insurance coverages

401K, Profit Sharing, and Employee Benefit Plan Administration

• Plan administrator for 401K, profit sharing, and insurance plans
• Designed and implemented a cost saving health insurance plan that resulted in saving over $100,000 annually on healthcare costs while maintained the same level of coverage
• Migrated 401K plan to a new cost-effective provider who offered more investment choices and lower costs by 50%

Leadership and Business Improvement

• Reported directly to owner of company
• Conducted comprehensive financial analysis, furnished performance matrix to assist executive teams making informed decision, and delivered actionable strategies to reduce costs and improve profitability

Accounting and Finance Operations

• Oversaw day to day all aspects of accounting functions (general ledger, AR, AP, inventory, cost accounting, fixed assets, payroll, and account reconciliation)
• Performed month-end, quarter-end, and year-end close
• GAAP financial statements preparation and analysis
• Cash flow and treasury management
• Budgeting and forecasting and variance analysis
• Implemented internal controls to safeguard multi-million dollars assets
• Supervised and trained 3 accounting staffs
• Cost Accounting and Inventory Management
• Achieved 100% accuracy of inventory system by enhancing real-time cost system with regular reconciliation of activities
• Calculated, assigned, and analyzed costs assigned to jobs

Audit, Internal Controls, and Taxes

• Prepared and filed monthly, quarterly, and annual multi-states and local sales tax returns
• Collaborated with external CPA and auditors in related to all accounting, audit, and tax matters. Facilitated federal tax return filing

401K, Profit Sharing, Payroll, and Benefits Administration

• HR administration and weekly payroll processing
• Plan administrator of 401K, profit sharing, and employee health insurance plans