Summary
Overview
Work History
Education
Skills
Certification
Timeline
Generic

Wendy Wen

Calgary,Alberta

Summary

Accomplished Finance and Investment Director with a proven track record at Robo-Tech Corporation, enhancing communication efficiency by 100% and leading significant projects with EY China. Highest ethical and moral standard. Highly motivated and results driven. Proactive problem solver and excellent communicator.

Overview

8
8
years of professional experience
1
1
Certification

Work History

Finance and Investment Director

Robo- Tech Corporation
Suzhou, China
06.2021 - 08.2022
  • Leading the project from June 2021 as the project partner among EY China, RSM (Germany), and Ficon-Tech. Achieved full completion of the PRC package report, with 80 worksheets, to advance the official review process by EY China.
  • Deeply involved in the discussion of the IFRS principle, and implemented the principle with the full set of package reports, converting from German GAAP to IFRS GAAP.
  • Defined the principle of sales revenue recognition (IFRS 15) and completed the process of auditing 70% of the sales revenue book for the year 2019 and year 2020 package.
  • Defined and completed the process of inventory adjustment from FIFO to the weighted average method. The inventory adjustment is over 10 million euros, with 800 part numbers.
  • Built the process of verification of the worked detail of overhead rate of 38% based on the production cost account for the final profit margin analysis report issued by EY China. Due to the complexity of the content, the working result was not defined by EY China.
  • Deeply involved in the construction process of the A/R and sales revenue book of the U.S. operation. Completed the book rebuild of the year 2019 and 2020. But it failed to be audited by EY China.
  • Leading the collaboration between EY China, RSM, and the Ficon-Tech accounting team. The communication efficiency rate was increased by 100% from the weekly communication meeting.
  • The overall audit review process completed the part of bank reconciliation, sales revenue, expense accounts, A/R and A/P confirmation letter preparation, and fixed assets and inventory physical count two times.

Financial Controller

Nextern Inc
China
09.2017 - 06.2021
  • Optimized the accounting process and implemented the new reporting system. Processed the book reconstruction work based on the cash bank transactions from the years 2015 and 2016. Passed the first external audit review on the history of China's operation. With greatly increased annual sales revenue of over $5 million.
  • Ensured the delivery of the monthly process. Quarterly and annual accounting reports. 100% completed the reporting package according to the closing schedule of U.S. HQ.
  • Developed the standard production costing process aligned with an annual budget system. Delivered the quarterly management analysis report, along with the production cost and operating cost analysis report. Increased efficiency by 50%, based on the monthly production efficiency analysis.
  • Cash flow and working capital management: 3-month rolling plan and analysis. Achieved the full set of treasure supply for inventory: 2M RMB monthly supply chain purchasing.
  • Implementation of the Epicor ERP system in all functions within the plant, without the cost of external consultants. The system officially started the operation in the business cycle from the year 2018. Achieved cost savings of over $100K, and operational efficiency increased by 100% compared to manual work transactions.
  • Inventory gain adjustment of approximately USD 1M for the error process of the start-up stage of the company. Achieved the final physical count audit review by BDO, China.

Financial Director

SolaryCity
China
03.2014 - 05.2017
  • Coordinated monthly close activities, and submitted the monthly and quarterly financial statements based on HQ schedule. Controlled accounting and SOX processes. 100% passed the audit process from the external auditor as the stocked list company in the U.S.
  • Established the complete process of the Annual Operation Plan (AOP) for the China operation. Achieved the approval from the Board of Directors of Solary City HQ on the budget and capital input process.
  • Played a pivotal role in the merger process from Slievo to SolarCity in 2015, and from SolarCity to Tesla Energy in 2016. Excellent completion of the audit and capital assessment process during the acquisition phase by the EY US team.
  • Worked with the SolarCity and Tesla teams on cash flow management. Important team member of SolarCity's treasury team for progressing the weekly cash planning preparation.
  • Spearheaded the cash problem in the second quarter of the year 2014, ensured the routine production activity, and maintained a stable team of 20 engineers in a high-technical engineering team.
  • Corrected A/P ending balance over $50M MRB. Excellent refinement and modification work to ensure the acquisition audit process in the year 2015.

Education

Diploma - Accounting

Southern Alberta Institute of Technology
Calgary, AB
12-2024

MBA - International Finance

OKLAHOMA CITY UNIVERISTY
Oklahoma City
07-1999

Skills

  • Due diligence
  • Investment evaluation
  • Analytical thinking
  • Investment analytical systems
  • Mergers and acquisitions
  • Cash flow management
  • IFRS and ASPE standards
  • Accounting process evaluation
  • Financial modeling
  • ERP system (SAP, Epicor, and Styline)
  • Xero, QuickBooks, and SAP accounting software

Certification

· Xero Software professional training

· Microsoft office specialist: Excel Associated Certificate

· LinkedIn learning certification of Quickbooks

Timeline

Finance and Investment Director

Robo- Tech Corporation
06.2021 - 08.2022

Financial Controller

Nextern Inc
09.2017 - 06.2021

Financial Director

SolaryCity
03.2014 - 05.2017

Diploma - Accounting

Southern Alberta Institute of Technology

MBA - International Finance

OKLAHOMA CITY UNIVERISTY

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