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BOSCO CHEONG
FCCA, MIA, ACPA
Kuala Lumpur
Summary
Bosco Cheong is a seasoned expert in the field of finance with well over a decade of experience in accounting and auditing following his previous employment at Grant Thornton Malaysia and Nexia Ts Singapore where he successfully led consulting projects, guiding companies through strategic listing plans and facilitating financial statement preparations for their listing processes. During his tenure he handles both local and international companies covering a broad spectrum of industries such as manufacturing, logistics, trading, insurance brokers, banking, hotel, aquaculture, construction, property development, government agency, information technology, entertainment, oil and gas, and many more which he also assisted in financial due diligence, special investigations, listing exercise in addition to corporate exercises varying from mergers and acquisitions, domestic or foreign-based initial public offering.
His proficiency also extends to having a solid grasp of the International Financial Reporting Standards (IFRS), Generally Accepted Accounting Principles (GAAP), Commonwealth country listing requirements as well as various aspects of corporate finance such as fundraising activities, mergers and acquisitions in addition to listing exercises where he was involved in listing more than 10 companies varying from the Kuala Lumpur Stock Exchange (KLSE), Singapore Exchange (SGX) to Hong Kong Stock Exchange (HKEX).
Prior to joining OCK Group Berhad as the Group Senior Regional Financial Controller, he previously served as the Assistant General Manager Cum Head of Regional Finance at Quince Global Group where he played a pivotal role in establishing the company's operations in Malaysia. Subsequently, he joined APEC Group International Limited Hong Kong as a Business Partner and was primarily responsible for leading projects and business development within Malaysia and Singapore.
Currently, he serves as the Group Senior Regional Financial Controller Cum Head of Corporate Finance at OCK Group Berhad and oversees KLSE related matters, corporate finance activities and oversees both the telecommunications tower and renewable energy businesses and the performances across multiple countries including Myanmar, Vietnam, Malaysia, Indonesia, and China.
Overview
18
18
years of professional experience
3
3
Certificates
3
3
Languages
2
2
years of post-secondary education
Work History
Group Senior Regional Financial Controller Cum Head of Corporate Finance
OCK Group Berhad
2 2019 - Current
- Conducting thorough research, risk assessment, and establishment of legal entities abroad to prepare for business expansion into new international markets. Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Maintained P&L and shouldered the corporate fiscal responsibility.
- Monitored key business risks and established risk management procedures.
- Championed effective communication between finance personnel and other departments to facilitate cross-functional collaboration on projects and initiatives.
- Initiated back-and-forth communication to negotiate and approve contracts and agreements.
- Oversaw business-wide changes to modernize procedures and organization.
- Prepared accurate financial statements at the end of the quarter to summarize financial health and business performance.
- Streamlined financial processes by implementing new accounting software and automation techniques.
- Devised benchmarks to align goals and strategies with underlying financials.
- Emulated activist investors to generate return on invested capital.
- Authored, evaluated and reviewed reports to highlight company financials to key stakeholders.
- Conducting thorough research, risk assessment, and establishment of legal entities abroad to prepare for business expansion into new international markets. Devised and presented business plans and forecasts to board of directors.
- Advised Board of Directors on strategic financial matters, providing insightful recommendations backed by thorough analysis.
- Implemented tax planning strategies that minimized liabilities, while ensuring full compliance with local, state, and federal laws.
- Cultivated company-wide culture of innovation and collaboration.
- Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
- Increased cash flow by optimizing working capital management and reducing outstanding receivables.
- Led treasury management efforts by optimizing cash investments while mitigating exposure to foreign exchange fluctuations.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Develop strategic financial plans to support company growth and achieve long-term objectives.
- Fostered a culture of continuous improvement within the finance team, encouraging professional development opportunities for staff members.
- Established and maintained strong relationships with customers, vendors and strategic partners.
- Negotiated favorable credit terms with banks for increased borrowing capacity and reduced interest expenses.
- Managed and led direct reports to handle controllership, treasury and corporate finance functions.
- Spearheaded due diligence efforts for potential partnerships or joint ventures, securing mutually beneficial arrangements that supported company growth objectives.
- Established strong relationships with external stakeholders, including investors, analysts, and regulatory agencies to promote transparency and build trust in the organization's financial management.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Advised other executive leaders on strategies and intelligence to form relationships, understand current performance and set the agenda for execution.
- Oversaw the successful completion of external audits, addressing any recommendations promptly to ensure smooth operations.
- Standardized and enhanced business assets across company to achieve common goals.
- Analyzed operational issues and implemented corrective action to maximize profits.
- Enhanced profitability with cost reduction initiatives, such as renegotiation of supplier contracts and process improvements.
- Developed and oversaw yearly budgets and capital structure of company to determine best mix of debt, equity, and internal financing.
- Collaborated with executive leadership to establish budgetary guidelines and allocate resources efficiently across the organization.
- Managed financial, operational and human resources to optimize business performance.
- Assessed company resources to keep business funded and nurture relationships with investors, lenders and key partners.
- Initiated strategy to drive company growth and increase market share and profitability.
- Completed in-depth analyses of risks to control company profile, enhance systems, and track legal concerns.
- Set and monitored effective financial policies to analyze company financial strengths and weaknesses and propose corrective actions.
- Worked closely with audit team to hedge against or mitigate operational risks.
- Tracked cash flow and financial planning to analyze company's financial strengths and weaknesses and propose strategic directions.
- Created, planned, and implemented policies and procedures to increase productivity and maximize return on investments.
- Provided insightful financial analysis for mergers and acquisitions, resulting in successful transactions that added value to the organization''s portfolio.
- Managed complex capital projects from inception through execution, ensuring timely completion within budget constraints and delivering expected returns on investment.
- Led recruitment and development of strategic alliances to maximize utilization of existing talent and capabilities.
- Spearheaded contract negotiation and financing to complete high-priority projects and realize target outcomes.
- Oversaw divisional marketing, advertising and new product development.
- Ensured accurate financial reporting, maintaining compliance with GAAP, SC,BURSA regulations, and internal policies.
- Resolved problems, improved operations and provided exceptional service.
- Used strong analytical and problem-solving skills to develop effective solutions for challenging situations.
- Participated in team projects, demonstrating an ability to work collaboratively and effectively.
IPO Consultant Partner
APEC Group International Limited
07.2018 - 01.2019
- Looking the potential customer who interested explores the China market and listed in HKEX
- To perform the assessment for those client interested list in HKEX
- To provide advice pre-due diligent work which included the organization restructuring exercise; Financial Models; SOP and internal control and else
- To identify the issue and provide advice and solutions
- To connect and work with all IPO professional e.g. Sponsors/ Private Investor/ Reporting Accountant/ Solicitor
- To assist and provide resources to complete the IPO project
- To perform Group restructuring exercise for a M&A / IPO
- Working with the Private Investor to provide further information and investment analysis
- To setup the Malaysia office and all compliance work.
- Collaborated with cross-functional teams to successfully deliver comprehensive solutions for clients.
- Provided ongoing support to clients post-implementation, ensuring long-term success of implemented solutions.
- Managed client relationships through regular check-ins and updates on project progress.
- Established strong rapport with potential partners through consistent follow-up, resulting in successful long-term collaborations.
- Collaborated closely with cross-functional teams to ensure alignment of goals and seamless execution of business development initiatives.
- Conducted comprehensive market research to identify emerging trends and capitalize on untapped opportunities.
- Expanded market presence by attending industry conferences, networking events, and trade shows.
- Used consultative sales approach to understand and meet customer needs.
Assistant General Manager Cum Regional Head Of Finance
Qunce Global Sdn Bhd
08.2017 - 07.2018
- Successfully set up the fully finance and operation SOP for the China Start Up Companies in Malaysia which is included all the regulation and compliance e.g. GST account and submission flow; Tax and CP204; accounting system and all the internal control; appoint panel lawyer; auditor; tax agent; company secretary; EPF; Socso; Open bank account; application for foreign permit; Successfully monitor and coordinate with the designer to build up the office and show unit Successfully implemented the Auto count account software To design and implement the attractive buying house tours programmed Monitor the daily operation cash flow and receivable and payable aging
- Enhanced communication among team members through regular meetings, promoting an open dialogue about the challenges and opportunities for improvement.
- Increased customer satisfaction by addressing and resolving concerns in a timely manner.
- Built relationships with customers and the community to establish long-term business growth.
- Assisted in the recruitment, hiring, and onboarding process for new employees to build a skilled workforce committed to excellence in service delivery
- Collaborated with other departments to establish productive and timely completion of projects
- Cultivated and strengthened lasting client relationships using strong issue resolution and dynamic communication skills
- Promoted company by giving exciting and dynamic presentations to customers
Audit Manager
Nexiats Sg
05.2016 - 08.2017
- Successfully listed UnUsUaL Ltd on SGX Catalist board within 10 months Completed multiple listed company audit which is involved into multiple country e.g. Hong Kong; Singapore; Malaysia; China (Shanghai); Indonesia; Cambodia; Myanmar and Vietnam Complete the advisory roles for the group restructuring for Yoma group RTO in SGX In short-period train up certain PIC to complete the complex and high-risk task Build up a solid experience for IFRS; SGX requirement and company act
- Facilitated audits and prepared detailed reports on findings.
- Improved client relations by maintaining open lines of communication and addressing concerns promptly.
- Delivered clear and concise audit reports to team members, highlighting key findings and recommendations.
- Championed a culture of integrity by promoting adherence to ethical standards across all levels of the organization.
- Managed complex audit projects, ensuring timely completion within budget constraints.
- Prepared working papers, reports and supporting documentation for audit findings.
- Compiled general ledger entries on short schedule with accuracy.
- Collaborated with accounting manager to comply with governing bodies and limit regulatory risks.
- Assessed company controls and potential risks against benchmarks.
- Researched technical tax issues to define tax effect or the impact of certain tax positions.
- Found tax solutions to complicated tax issues or errors from incorrect tax filings.
- Evaluated financial statements for accuracy and compliance, identifying discrepancies and recommending corrective actions.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
- Conveyed complex audit information to clients of diverse backgrounds.
- Maintained up-to-date knowledge of relevant accounting principles, ensuring accurate application throughout all audits conducted.
- Verified accuracy, compliance and completeness of team auditing work.
- Effectively communicated audit findings with various stakeholders, presenting clear and concise reports tailored to different audiences.
- Contributed to the ongoing development and refinement of the firm's audit methodologies, ensuring alignment with evolving regulatory requirements and industry best practices.
- Coordinated efforts among multiple departments within client organizations for efficient execution of large-scale audits.
- Recommended strategies for improving compliance and success of internal controls.
- Initiated comprehensive account assessments to check viability, stability, and profitability of business operations.
- Managed successful completion of complex audits within tight deadlines, maintaining high-quality results.
- Created and delivered training for junior auditors on correct procedures.
- Allocated auditing work to junior and staff auditors to cover demand.
- Trained new employees in accounting principles and company procedures.
- Conducted comprehensive external audits to ensure compliance with industry regulations and standards.
- Played a key role in business development efforts, participating in client presentations and proposal writing activities as needed.
- Assisted clients in understanding the complex technical issues related to their financial reporting systems, providing expert guidance on necessary adjustments or improvements needed for compliance purposes.
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks.
- Implemented data analytics techniques to enhance the depth of analysis performed during audits, leading to more meaningful findings and recommendations.
- Liaised between clients and internal audit staff to address concerns with procedures, scheduling or results.
- Performed thorough risk assessments to identify areas of focus during each audit engagement, prioritizing resources effectively.
- Diminished outstanding debts by analyzing accounts for issues.
- Identified legal tax savings and recommended ways to improve profits.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Enhanced audit efficiency by streamlining audit processes and implementing advanced auditing software.
- Collaborated with cross-functional teams to develop more effective audit strategies and procedures.
- Identified potential risks and improved internal controls for better financial management.
- Developed financial models to assess and analyze financial performance of clients.
- Achieved consistent high-performance ratings on annual performance evaluations by demonstrating exceptional attention to detail and commitment towards delivering superior quality work.
- Provided valuable insights and recommendations to clients, leading to significant process improvements.
- Triaged and troubleshot functional business inquiries submitted to audit team.
- Participated in ongoing professional development opportunities, staying current with industry best practices and emerging trends in external auditing.
- Mentored junior auditors, contributing to their professional growth and development in the field.
- Used accounting software to issue tax returns and prepare consolidated reports.
- Developed strong relationships with clients, fostering trust and open communication during the audit process.
- Conducted technical and analytical reviews of tax returns to check for accuracy and qualified deductions.
- Prioritized projects based on periodic schedules and immediate need.
Senior Audit Manager
Grant Thornton Malaysia
01.2007 - 04.2016
- Successfully listed SGCM; Ideal Jcorb; China stationery and Rohas Tecnic on KLSE Completed multiple listed companies audit which is involved into multiple country eg Hong Kong; Singapore; Malaysia; China; Indonesia; Cambodia; Korea; Myanmar and Vietnam Successfully build and train up a strong team about 20 staffs In short-period train up certain PIC to complete the complex and high-risk task Build up a solid experience for MPERS; MFRS; KLSE requirement; company act and tax act Successfully transform workflows to make work and communication more efficient and effective.
- Presented key findings from audits to senior management, offering actionable insights for enhancing operational efficiency.
- Collaborated with cross-functional teams to identify process improvements and enhance internal control systems.
- Conducted in-depth investigations into suspected fraud or other irregularities, providing recommendations for corrective actions
- Streamlined audit processes for improved accuracy and timeliness of financial reporting
- Developed comprehensive audit plans based on thorough risk assessments and business objectives analysis
- Contributed to organizational success by sharing audit expertise and knowledge with colleagues and cross-functional teams
- Aligned audit activities with business goals by incorporating strategic priorities into the annual audit plan
- Managed complex audits from planning to completion, ensuring timely delivery of high-quality reports
- Mentored junior auditors in best practices, fostering a culture of continuous learning and improvement within the department
- Enhanced audit efficiency by implementing risk-based audit strategies and procedures
- Led and conducting due diligence reviews during mergers and acquisition processes
- Assisted in developing annual budgets by providing insights into past performance trends and future projections
- Kept up-to-date with industry developments, adapting auditing methodologies as needed to maintain relevance in an evolving landscape
- Provided expert advice to management on accounting policies, financial reporting, and regulatory compliance matters
- Presented key findings from audits to senior management, offering actionable insights for enhancing operational efficiency
- Recommended changes to management regarding financial operations
- Trained new employees in accounting principles and company procedures
- Found tax solutions to complicated tax issues or errors from incorrect tax filings
- Kept up-to-date with tax changes and industry trends by participating in professional organizations, opportunities, and networks
- Researched technical tax issues to define tax effect or impact of certain tax positions
Education
Bachelor of Arts - Accounting And Finance
University of East London
Damansara Height 06.2004 - 07.2006
Skills
Cash Flow Management
Certification
FCCA (ACCA)
Additional Information
Completed ACCA qualifications. Highly motivated and aggressive to succeed. Able to work independently, fast learner, team player, able to communicate effectively, always tries my best to solve problems effectively, tend to perform works ethically, able to handle pressure very well. Problem solving would be the best trait for me. Proficient in English, Chinese, Cantonese, and Malay languages.
Timeline
IPO Consultant Partner
APEC Group International Limited
07.2018 - 01.2019
FCCA (ACCA)
01-2018
Malaysia Institute Of Accountant
01-2018
ASEAN CPA
01-2018
Assistant General Manager Cum Regional Head Of Finance
Qunce Global Sdn Bhd
08.2017 - 07.2018
Audit Manager
Nexiats Sg
05.2016 - 08.2017
Senior Audit Manager
Grant Thornton Malaysia
01.2007 - 04.2016
Bachelor of Arts - Accounting And Finance
University of East London
06.2004 - 07.2006
Group Senior Regional Financial Controller Cum Head of Corporate Finance
OCK Group Berhad
2 2019 - Current
Accomplishments
• Leading due diligence efforts for corporate exercises such as fundraising, mergers, and acquisitions.
• Establishing market presence and business operations in new regions.
• Implementing restructuring strategies to enhance group efficiency and financing.
• Ensuring compliance with statutory requirements.
• Providing strategic analysis and guidance to the board on business division restructuring as well as advising on tax efficiency enhancements.
• Offering technical expertise and guidance support to the finance team.
• Automating the Group consolidation processes and digitalising operations.
• Streamlining the Standard Operating Procedures (SOP) and GAAP aligning with the Commonwealth statutory practices.
• Managing market activities and statutory compliance matters relating to tax compliance, audits, and fund transfers in China and Mandarin-speaking regions.
• Involved in the issuance of RM700 million fund raising via sukuk programme in Year 2023.
• Involved in the issuance of RM150 million fund raising via unrated sukuk issuance in Year 2024.
• Involved in the issuance of RM500 million Islamic Commercial Paper programme in Year 2024.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Affiliations
Members of Association of Chartered Certified Accountants ;
Members of Malaysia Institute of Accountants; and
Members of ASEAN Chartered Professional Accountant
Work Preference
Work Type
Full TimeWork Location
HybridImportant To Me
Flexible work hoursHealthcare benefitsStock Options / Equity / Profit SharingPersonal development programsCareer advancementCompany CultureQuote
I can’t understand why people are frightened of new ideas. I’m frightened of the old ones.
John Cage
Software
Sigma Consolidation
Auto count accounting software
Convene
Interests
Swiming
Outing
Reading
Referrers
- Grant Thornton, 6012 379 0755, leemeng.foo@my.gt.com
- Nexia TS Accounting Corporation, 65 8100 6338, huineeloh@nexiats.com.sg
Preferredworklocation
- Kuala Lumpur
- Selangor
- Putrajaya
Personal Information
- Age: 41
- Gender: Male
- Nationality: Malaysia
Referrers
- Grant Thornton, 6012 379 0755, leemeng.foo@my.gt.com
- Nexia TS Accounting Corporation, 65 8100 6338, huineeloh@nexiats.com.sg
Preferredworklocation
- Kuala Lumpur
- Selangor
- Putrajaya
Personal Information
- Age: 41
- Gender: Male
- Nationality: Malaysia
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