Summary
Overview
Work History
Education
Skills
Timeline
Generic

STEVEN LUO

Coquitlam,BC

Summary

Finance professional with diversified experience in FP&A, capital budgeting, financial analysis, accounting, project costing, cost management, management consulting, corporate finance, tax, audit, SOX and business valuation. Strong PC/spreadsheet skills. Hard working, team player with supervisory experience. Chartered Professional Accountant CPA, CMA.

Overview

29
29
years of professional experience

Work History

Senior Project Manager (PMO-Capital Management)

Telus (Broadband Network)
04.2016 - 02.2024
  • Managed MXU Capital budget ranging from $100 million to $170 million annually, overseeing the monthly rolling forecast model, and conducting comprehensive analysis of actual results versus budget/forecast
  • Ensured 100% alignment of actual capital spending with rolling forecasts
  • Achieved 6-10% cost efficiency per year, resulting in $49 million in cumulative total cost savings through effective governance
  • Validated cost allocations in SAP and JIRA, tracking and managing cost control progress with Project Managers to ensure project objectives and results were achieved
  • Prepared monthly Capital accrual reports, supporting capital planning, and overseeing CAPEX/OPEX budgeting, tracking, and reporting
  • Drove optimal decision-making through insightful cost structure models, performing financial and quantitative analyses, including SOW/Non-SOW costs, exception suites, disqualified suites, BOM price trending, material costs, other costs, change requests, and ROE costs
  • Contributed to MXU business process improvements, including TVC material/JIRA data integration, JIRA quote/invoice template design and process improvement, FieldGlass/SAP data integration, and creation of dashboards in DOMO
  • Provided complex price structure analysis for partners and contributed to data analysis for new contract negotiations
  • Implemented CPI, ROI, NPV, DPP analysis in the capital investment decision-making process
  • Managed MXU network from project to WBS level, performing related SAP entries to manage funds
  • Collaborated with Finance, program office, AP, VIP line, NCE, procurement, and cross-functional teams to develop and implement improved reporting and analysis tools
  • Liaised with auditors, providing evidence of project-related data and documents, resulting in the successful completion of audits every year.

Controller

Gold Fields Canada (Mining)
12.2009 - 03.2016
  • Prepared the monthly, quarterly and annual financial report for GF Canada and seven operating companies, presenting to senior management and project managers
  • Maintained general ledger integrity and adhered to Generally Accepted Accounting Principles (GAAP)
  • Led the month-end closing process, prepared year-end T2 corporate tax returns, and facilitated BCMETC Tax credit claims
  • Ensured compliance with all statutory tax reporting requirements, leading to successful audits
  • Supervised accountants to ensure Accounts Payable (AP) were paid in a timely manner and Accounts Receivable (AR) were collected promptly
  • Supported with business development budgets through forecasting, analysis, and data consolidation, ensuring accurate financial projections
  • Identified and investigated monthly and quarterly variances to budget, forecast, and prior periods, collaborating with projects managers for input as required
  • Contributed to mining project economic evaluations using NPV and FCF financial models
  • Played a key role in the accounting system conversion from QuickBooks to SAP R/3, ensuring a smooth transition.

Senior Accountant

Internet Marketing Centre - IMC (IT)
06.2008 - 11.2009
  • Supported the preparation of Monthly Financials, meeting the specific requirements of management
  • Ensured the timely and accurate closure of sub-ledgers during month-end closings
  • Led analytical efforts to understand price positioning, anticipate consumer demand, and contributed to the annual price strategy through scenario analysis for maximizing growth
  • Performed month-end closing activities, guaranteeing the accuracy and completeness of financial records
  • Conducted in-depth analyses of sales, cost structures, contribution margins, break-even points, and overall financial results
  • Led the planning and projection of monthly cash forecasting, providing critical support for anticipated changes in business volume.

Controller/Financial Analyst

Epoch Times Western Canada (Media/Publishing)
07.2005 - 05.2008
  • Lead and direct accounting functions, all management and statutory financial reporting, revenue recognition, including accounts receivable, accounts payable, general ledger, and payroll
  • Manage all aspects of the month-end close process, ensuring they are timely and accurate
  • Oversight of all external and internal audits and providing recommendations for remediation as needed
  • Prepare a rolling cash flow forecast including actuals vs Forecasted variance by nature of spend/vendor category
  • Develop and maintain a strong comprehensive understanding of the Company's expense profile and proactively to identify timely changes to the Company's financial plan and subsequent rolling forecasts
  • Oversee the preparation and submission of various local tax and regulatory filings in compliance with local statutes.

Management Consultant (Finance)

BearingPoint (KPMG Consulting)
12.2003 - 06.2005
  • Designed and implemented a comprehensive risk management framework, internal controls, strategies, key performance indicators (KPIs), and organizational structures
  • Collaborated with IT consultants to integrate information systems closely with the construction of risk management processes
  • Drafted the Basel II proposal, establishing advanced risk management standards that determined the optimal regulatory capital structure for banks
  • Consulted with clients' operating division and functional area leaders, advising on the development of effective business strategies
  • Assessed and aligned strategies, objectives, and key performance indicators within the unit's business plan.

Senior Financial Analyst

China Merchant Bank
07.1995 - 08.2002
  • Offered comprehensive analytical support across all financial planning processes, including current status analysis, strategic goal development, operating budgeting, and capital budgeting
  • Conducted quarterly forecasts and monthly analyses covering revenue, margin, capital costs, and expenses
  • Collaborated in the development and implementation of bank division goals, objectives, and priorities, ensuring alignment with departmental objectives
  • Provided valuable insights and advice to management on Key Performance Indicator (KPI) matters, contributing to the establishment of standards for financial performance, customer satisfaction, learning & growth, and internal processes
  • Prepared investment analyses, treasury management, asset valuation, M&A evaluations, WACC calculations, EVA assessments, NPV analyses, ROA evaluations, and FP&A analyses.

Education

CPA, CMA -

MBA -

Fordham University

International MBA -

Peking University

B.S In Finance -

Wuhan University

Skills

  • SAP
  • BW
  • QuickBooks
  • Simply Accounting
  • JIRA
  • DOMO
  • FIELDGLASS

Timeline

Senior Project Manager (PMO-Capital Management)

Telus (Broadband Network)
04.2016 - 02.2024

Controller

Gold Fields Canada (Mining)
12.2009 - 03.2016

Senior Accountant

Internet Marketing Centre - IMC (IT)
06.2008 - 11.2009

Controller/Financial Analyst

Epoch Times Western Canada (Media/Publishing)
07.2005 - 05.2008

Management Consultant (Finance)

BearingPoint (KPMG Consulting)
12.2003 - 06.2005

Senior Financial Analyst

China Merchant Bank
07.1995 - 08.2002

CPA, CMA -

MBA -

Fordham University

International MBA -

Peking University

B.S In Finance -

Wuhan University

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