Wallace Chan
Tai Po,NTP
Summary
Innovative leader with extensive experience in financial planning and operational strategy. Skilled in defining metrics for product effectiveness and driving impactful projects, dedicated to enhancing organizational performance and employee satisfaction.
Overview
22
22
years of professional experience
Work History
Senior Manager, Finance, Safety & Security Service
Coffee Concepts (Hong Kong) Limited - A Subsidiary of Maxim's Caterers Ltimited
07.2015 - Current
- Oversaw comprehensive budgeting and forecasting activities, ensuring financial objectives are met without compromising quality.
- Defined metrics to evaluate product promotion effectiveness and foster continuous improvement initiatives.
- Synthesized internal financial insights and external market trends to partner with cross-functional teams, fostering innovation in product offerings and promotional strategies to achieve sustainable sales growth.
- Directed ongoing business process reengineering efforts to improve operational efficiency while ensuring effective control measures.
- Led initiatives to integrate AI technology for business process automation. Guided partners in enhancing focus on value-added activities.
- Fostered a collaborative environment to enhance team performance and employee satisfaction.
- Facilitated mentorship for junior managers, focusing on skill enhancement and team performance improvement.
Finance Manager, Financial Planning & Analysis
AS Watson & Co Limited
08.2015 - 07.2016
- Assessed new store proposals from Asian business units and performed detailed analyses to guide management in making informed investment choices.
- Analyzed business performance data in collaboration with Asian business units on a monthly basis to drive strategic enhancements.
- Conducted comprehensive reviews of quarterly forecasts and annual budgets submitted by Asian business units, employing various analytical methods to assess submission integrity.
- Cultivated a learning environment for junior finance staff, emphasizing skill development and effective knowledge transfer within the team.
Assistant Operation Finance Manager
Japanese Chain Restautant Division, Maxim's Caterers Limited
03.2011 - 08.2015
- Implemented automated data collection from diverse functional teams to facilitate efficient budgeting and support long-term financial planning.
- Refined budget procedures to facilitate seamless and punctual submissions to group finance.
- Achieved strategic alignment in store portfolio management by delivering thorough financial projections to senior management. Influenced investment decisions on new store proposals and lease renewals, enhancing overall portfolio performance.
- Achieved a more efficient product pricing approval process through the creation of Excel templates that allowed cross-functional partners to input data and quickly identify outlier SKUs for rectification. Enabled senior management to make informed decisions with a comprehensive executive summary for the approval procedure.
- Achieved successful establishment of new takeaway sushi business for division through effective collaboration with project team. Secured seeding funds by delivering a compelling business proposal to senior management of Maxim's Group. Drove strategic store development by working closely with leasing team. Optimized product offerings from R&D team to maintain gross margin in line with business case.
Accountant
Gap International Sourcing (Holdings) Limited
10.2010 - 03.2011
- Compiled and analyzed data to prepare monthly forecasts for strategic decision-making by management and headquarters.
- Conducted statutory reporting and management accounting to facilitate informed decision-making for business partners.
- Coordinated activities of a small team to streamline sample invoice and fabric liability workflows.
Assistant Accountant
Levi Strauss (Hong Kong) Limited
09.2007 - 08.2010
- Coordinated with demand planning to optimize stock turn while providing actionable insights to sales and marketing teams.
- Analyzed product profitability metrics by code for men, women, kids, and accessories to enhance pricing and marketing decision-making processes.
- Analyzed performance metrics across 26 stores to provide actionable insights for sales team optimization.
- Reviewed CRM policy alongside marketing team to ensure compliance with company standards while identifying cost efficiencies.
- Achieved successful system migration from HFM to Essbase, enhancing data management capabilities. Conducted thorough user acceptance testing for SAP upgrade, resulting in improved system performance.
- Created comprehensive annual budget and quarterly forecasts to facilitate financial planning and decision-making.
(1) Accounting System Officer
MaBelle Jewellery Co., Ltd
07.2004 - 08.2007
- Achieved seamless system migration from 'turbo' to 'flex' by collaborating with IT team, resulting in improved accuracy of financial figures aligned with accounting principles.
- Compiled and presented monthly store contribution analysis alongside inventory aging status to inform management decisions on inventory clearance strategies.
- Conducted comprehensive cash flow forecasts for the group to support strategic financial planning.
- Achieved successful project completion by collaborating with finance, marketing, merchandising, and human resources teams. Drove cross-functional engagement to optimize project delivery. Contributed to the overall success of departmental projects through effective teamwork.
- Engaged in various operational roles to develop a comprehensive understanding of retail business dynamics.
Education
Profrssional Accounting
The Hong Kong Polytechnic University
Hong Kong08-2006
BBA - General Finance
The Chinese University of Hong Kong
Hong Kong05-2004
Skills
- Strategic planning
- Cross-functional collaboration
- Data-driven decision making
- Data analytics
- Talent development
Accomplishments
Being one of the key players to on business resilience after COVID - achieving budget profit target in post COVID era.
Successfully improve the profit margin thru discount detoxing. Discount rate is down by more than 10 ppt as compared to its peak in 2020.
Improve the product performance thru my leadership. 100% sell thru of mooncake for 4 consecutive years. Accelerating limited time offer beverage performance.
Timeline
Finance Manager, Financial Planning & Analysis
AS Watson & Co Limited
08.2015 - 07.2016
Senior Manager, Finance, Safety & Security Service
Coffee Concepts (Hong Kong) Limited - A Subsidiary of Maxim's Caterers Ltimited
07.2015 - Current
Assistant Operation Finance Manager
Japanese Chain Restautant Division, Maxim's Caterers Limited
03.2011 - 08.2015
Accountant
Gap International Sourcing (Holdings) Limited
10.2010 - 03.2011
Assistant Accountant
Levi Strauss (Hong Kong) Limited
09.2007 - 08.2010
(1) Accounting System Officer
MaBelle Jewellery Co., Ltd
07.2004 - 08.2007
Profrssional Accounting
The Hong Kong Polytechnic University
BBA - General Finance
The Chinese University of Hong Kong