HO WAI YIP IVAN
Group Finance Director
Hong Kong
Summary
Financial executive with over 20 years of financial management and commercial operation experience. Solid background in Fintech, distribution and retail industry. Proven records of financial reporting and process development / improvement. Good leadership, strong problem solving and communication skills
Overview
28
28
years of professional experience
2
2
Certifications
Work History
Group Finance Director
CAG Regional Limited
10.2019 - Current
- Collaborated with C-level executives and stakeholders to develop long-term financial plans including De-SPAC transaction and other fund raising exercises
- Coordination and completion of PCAOB audit in relation to De-SPAC transaction
- Conducted financial due diligence on potential investments and acquisitions
- Streamlined Finance team with result-driven culture
- Shortened cash collection cycle and accounting closing timeline
- Review revenue projection and provide feedbacks to Sales team
- Cash management including monthly cash projection
- SAP implementation including automated consolidated financial statements preparation
- Formalized process of capitalization of development costs (under IAS38)
- Refined group recharges mechanism to ensure transfer pricing compliance
- Oversee finance operations in Hong Kong, Singapore, Taiwan, Philippines and Malaysia
Finance Controller
Nest Management Limited
05.2018 - 10.2019
- Prepare and collate financial and statutory information for fund raising
- Build 5-year profit forecast
- Set up cash flow projection tool which gives clarify on coming cash flow position on timely manner
- Streamline accounts payable cycle
- Create formal procedures for customer invoicing which shorten accounts receivable cycle
- Oversee finance operations in Hong Kong, Singapore, Bahrain and Kenya
Finance Director
Zara Asia Limited
09.2015 - 07.2017
- Prepare 5-year plan visualizing scenarios for shop opening / closure / refurbishment
- Instill new practice of performing profitability analysis of shops
- Set up Singapore Branch in relation to Group tax structure
- Handle Hong Kong profits tax offshore claim for a group tax structure servicing other group companies
- Implement electronic supplier invoice platform
- Assisting cash pooling project
- Audit and tax compliance
- Oversee finance operations of Hong Kong and Macau involving 7 brands / 17 entities / 30+ shops
Finance Manager / Senior Finance Manager
PRADA Asia Pacific Ltd (PAP)
04.2009 - 08.2015
- Recovered RMB12 million from business partner under retail escrow arrangement in China
- Assisted in formulating reply to Hong Kong Inland Revenue achieving tax savings of approx HK$100 million
- Set up of finance operations for retail shop in Vietnam, including document flow for goods importation and merchandise payment
- Streamlined accounting closing process with improved timeliness and data accuracy
- Stabilized team with better internal communication and coordination
- Better connection with various departments including HR / Legal / Retail / Engineering
- Implementation of automated invoicing flow and travel claim system
- Monthly / Quarterly / yearly accounting closing
- Oversee finance operations in Hong Kong and Macau with 2 brands / 8 entities / 10+ shops
Finance Manager - Vendor Management
adidas Services Limited (aSL)
08.2005 - 12.2008
- Established Vendor Financial Review and Management program - setting up related policies, procedures and analysis tools
- SAP implementation - acting as functional expert of the accounts payable cycle, develop and implement new accounts payable process
- Switching payment method of trade vendors from letter of credit to open account
- Changeover of bank system for letter of credit issuance
- Improved accounting booking process via automation
- Oversee accounts payable functions of Hong Kong and liaison offices in China and Europe
Senior Group Operations Manager
First Telecom International Ltd (FTI)
06.2000 - 08.2005
- Set-up Taiwan joint venture – accounting and logistics functions
- Accounting system implementation – Flex System, acting as project leader, setting out user requirements and performing data migration
- Synchronized stock coding system adopted by Warehouse and Finance Department for easy management and recording
- Opened a repairs centre for mobile phone defects
- Establishment of tracking system of rebates receivable from suppliers
- Implementation of internal control policies in finance and operation areas
- Oversee finance operations in Hong Kong
Senior Tax Consultant
PricewaterhouseCoopers
08.1996 - 10.1999
- Tax compliance and planning work for clients
- Liaise with various parties including tax authorities, auditors, company secretaries and lawyers to gather information for analysis, discuss tax issues and arrange for signing of documents
- Preparing fee proposals, fee negotiation and billing.
Education
Bachelor of Business Administration (Majoring in Finance), with Honors -
The Chinese University of Hong Kong
Hong Kong 09.1993 - 05.1996
HK Advanced Level Examination (1993), HK Certificate of Education Examination (1991) -
Diocesan Boys' School
Hong Kong 09.1986 - 05.1993
Skills
Fluent English, Cantonese and Mandarin
Cash Flow Management
Financial reporting and analysis
Internal controls implementation
Tax Planning and Compliance
Financial Systems Implementation
Internal controls implementation
Organizational Skills
Technology-savvy
Fluent English, Cantonese and Mandarin
General ledger accounting
Mergers and Acquisitions Support
Certification
The Hong Kong Institute of Certified Public Accountants
Availability
3-month notice
Remuneration
Current Package: HK$ 123,600 per month + equity
References
Available upon request
Timeline
Group Finance Director
CAG Regional Limited
10.2019 - Current
Finance Controller
Nest Management Limited
05.2018 - 10.2019
Finance Director
Zara Asia Limited
09.2015 - 07.2017
Finance Manager / Senior Finance Manager
PRADA Asia Pacific Ltd (PAP)
04.2009 - 08.2015
Finance Manager - Vendor Management
adidas Services Limited (aSL)
08.2005 - 12.2008
Senior Group Operations Manager
First Telecom International Ltd (FTI)
06.2000 - 08.2005
Senior Tax Consultant
PricewaterhouseCoopers
08.1996 - 10.1999
Bachelor of Business Administration (Majoring in Finance), with Honors -
The Chinese University of Hong Kong
09.1993 - 05.1996
HK Advanced Level Examination (1993), HK Certificate of Education Examination (1991) -
Diocesan Boys' School
09.1986 - 05.1993