XIAO (SHAWN) YU
Mount Prospect,IL
Summary
Focused professional with expertise guiding organizational growth through robust financial strategies and management. Accomplished in recognizing operational inefficiencies and risks and improving internal controls, standards, and procedures. Over extensive background growing organizations.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Controller
VIATechnik LLC
CHICAGO, IL
12.2020 - Current
- Managed month-end closing process, reducing closing days from 20 to 5 by coordinating and meeting tight deadlines.
- Ensured integrity of general ledger by reviewing account balances and transactions to ensure accuracy of financial statement information.
- Developed and implemented automated accounting reporting system for 7 studios, enabling studio leads to access financial information for each department, such as project profitability, profit and loss statements, budget versus actual figures, account receivables, and individual utilization rate.
- Created real time sales dashboard to enhance transparency of individual sales performance, analyzing gap to goal, estimating pipeline growth, and evaluating sales sources and overall business growth.
- Streamlined billing process by integrating excel, email, and ERP into a comprehensive analysis system.
- Developed accurate sales predictions and cash forecasts using AI technology, analyzing large sets of historical data with an accuracy rate exceeding 80%.
- Successfully implemented the Odoo ERP system and led the transition from Xero. Collaborated closely with the ERP development team to tailor it to meet the organization's unique requirements.
- Oversaw monthly, quarterly, and annual financial reporting responsibilities alongside developing the annual operational budget and five-year projections.
- Led the contract management team to secure favorable terms and facilitate efficient financial engagements
- Managed a team of accountants in the US while also providing direct leadership to the overseas controller and ERP developers.
- Provided strategic and financial growth advice to fellow company executives regarding potential acquisitions and investments.
- Analyzed operational processes and implemented continuous improvement initiatives, resulting in a 300% revenue increase over the past 3 years.
ACCOUNTING MANAGER
FOODCHAIN ID, INC
DEERFIELD, IL
03.2019 - 12.2020
- Implemented NetSuite to replace Excel for 27 entities across 13 countries, simplifying and optimizing billing, payroll, consolidation, and elimination processes.
- Conducted purchase accounting for four recently acquired companies, ensuring seamless integration of the ERP system into the new subsidiaries.
- Assisted the owner (Private Equity) in selling the company to Berkshire Hathaway, resulting in a bonus.
- Led period-end financial closings and implemented a closing software (Floqast), resulting in a reduction of closing time from 15 to 5 business days for 7 US companies.
- Led Concur system implementation project for both expense reports and A/P models
ACCOUNTING MANAGER
SHIFTGIG, INC
CHICAGO, IL
07.2018 - 02.2019
- Built-up accounting system from single location startup to a multi-states business with four entities
- Led NetSuite implementation and customization for all US entities
- Prepared financial reports for board meetings, senior management, bank, and investors
- Monitored profitability and pricing modules with sales leaders for the major financial impact
- Monitored the weekly payroll for the 30,000 employees on time and in an accurate manner
STAFF ACCOUNTANT
SHIFTGIG, INC
CHICAGO, IL
11.2014 - 07.2018
Education
Master of Science - Accountancy
Benedictine University
Lisle, IL05.2014
Bachelor of Science - Economics
SHENYANG UNIVERSITY
06.2011
Skills
VIATechnikXeroOdoo
- NetSuite, PowerBI
- Domo, Adaptive, Smartsheet, Salesforce, ADP, Concur, SQL, Ramp
Certification
- Certified Public Accountant (CPA)
Timeline
Controller
VIATechnik LLC
12.2020 - Current
ACCOUNTING MANAGER
FOODCHAIN ID, INC
03.2019 - 12.2020
ACCOUNTING MANAGER
SHIFTGIG, INC
07.2018 - 02.2019
STAFF ACCOUNTANT
SHIFTGIG, INC
11.2014 - 07.2018
Master of Science - Accountancy
Benedictine University
Bachelor of Science - Economics
SHENYANG UNIVERSITY
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