LOH KIA SIONG
Puchong
Summary
Results-driven Management Accounting professional with expertise in financial analysis and cost management. Delivered insights that informed strategic pricing and product development through comprehensive profitability assessments. Fostered effective communication and collaboration across departments, driving operational success and adaptability in dynamic business environments.
Overview
20
20
years of professional experience
1
1
Certification
Work History
Group Costing Manager
Etika Sdn. Bhd
05.2023 - Current
- Led costing and management accounting team, ensuring accurate inventory management and reporting.
- To develop and maintain standard costing for inventory valuation.
- Performed variance analysis of inventories and cost of sales, providing insights for decision-making.
- Prepare and review product/customer profitability analysis and make recommendations/highlight areas of concern to management.
- Reviewed and maintained transfer pricing policy for subsidiaries within Etika Group, ensuring compliance and alignment with group strategies.
- Assist Marketing Department to prepare and review product costing for pricing.
- Assisted in preparing the annual budget for costing and transfer pricing.
- Assisted with month end closing in relation to cost accounting and provided accrual/provision.
- Supported month end financial reports related to product costing.
- Monitor, control and manage stocks: i. Coordinate with plants on stocks related matters ii. Conducting regular cycle count iii. Monitor inventory level. iv. Review and monitor stock obsolescence and provision
- Prepared financial simulations to support business plans and proposals.
- Etika manufactures, distributes and markets some of the leading Halal beverages in Malaysia and Singapore. Our brands include Pepsi, 7UP, Calpis, Wonda, Goodday and etc.
Finance manager – Costing & Inventory
APM Auto Parts Manufacturer Co. Sdn. Bhd
09.2016 - 04.2023
- Led costing, management accounting, and inventory team.
- To prepare and review product costing for pricing and quotation to customers.
- To develop and maintain standard costing for inventory valuation.
- Supported the Cost Management Committee to achieve business goals such as cost reduction, process improvement, and product profitability.
- Prepared and reviewed product/customer profitability analysis, providing recommendations and highlighting areas of concern to management.
- Prepared financial simulations to support business plans and proposals, including investment appraisal metrics such as project ROI, ROE, payback period, and NPV.
- Coordinated inventory management with plants, conducting regular stock takes and monitoring inventory levels, obsolescence, and provisions.
- Assisted the Group Finance Department with various projects and tasks.
- Executed multiple ad hoc assignments from management to enhance workflow efficiency.
- APM is a Malaysian Automotive Parts Manufacturer that has expanded to become a major regional supplier and now a global markets player.
Finance Controller
AFC Plus Sdn Bhd
04.2014 - 08.2016
- Established and managed financial accounting, management accounting, treasury, taxation, and internal controls to ensure compliance and operational efficiency.
- Prepared annual corporate budget, ensuring regular monitoring and control of corporate and project budgets to align with financial goals.
- Conducted monthly management reporting to support consolidation reporting and enhance management control.
- Ensure timely local statutory reporting requirement compliance.
- Manage credit control functions.
- The function of Finance Controller in AFC is to oversee day to day accounting matters.
- To liaise closely with external parties, such as auditors, tax agents, bankers, legal counsel, local authorities, and consultants.
- Completed various ad hoc assignments including costing and fundraising tasks.
- AFC Plus is a group of engineering professionals from very different areas of expertise and has wide experiences. Since its establishment the company has been developed and specialised in architectural “Eco-engineering” mainly in Energy Efficient Building Design & Build Contractor.
Cost Accountant cum Head of IT
Kawan Food Bhd (KFB)
07.2009 - 04.2014
- The function of Cost Accountant in KFB is to determine costs of business activity, inventory, labour, overhead & cost allocations etc.
- Performed inventory accuracy management, generating reports that specified and compared factors affecting product pricing and profitability.
- Set up and maintained standard costing for the frozen food products unit for variance analysis according to company policies and procedures.
- To maintain and review transfer pricing policy for all Kawan Group of companies in order to comply with Malaysia, Hong Kong & China tax law.
- Lead in implementation of 2nd phase of ERP system (manufacturing module) – to set up BOM, WIP and costing system in MRP.
- Conducted P&L and contribution analysis by product (SKU) to identify profitability, providing management with recommendations for removing underperforming products from the lineup.
- To prepare annual budget for management review & approval and made necessary adjustments or recommendations if necessary. Final budget will be presented to board of directors.
- Executed ad hoc assignments including new product costing, analysing cost-saving scenarios, and establishing a website for a subsidiary, while evaluating plant and machinery capacity levels.
- To liaise with government bodies such as Halal Development Corporation (HDC), Majlis Perbandaran Klang (MPK), MIDA, Custom Department, etc.
- KFB is engaged mainly in the manufacturing and sale of frozen food products. Its products include spring roll pastries, wanton and dumpling pastries, glutinous rice balls, stuffed pancakes, rolls, buns and loaves, pita breads, frieds, wedges and veggies, sauces, curries and mantou, among others. KFB distributes its products within the domestic market and to overseas markets, including the Rest of Asia, Europe, North America, Oceania and Africa.
Cost Accountant
Malayan Flour Mills Bhd (MFM)
05.2006 - 07.2009
- Determined costs of business activity, inventory, labour, overhead, and cost allocations to support financial decision-making.
- Operated as part of integrated food processing manufacturer/miller, managing cost accounting for flour, poultry products, further processed products, and poultry feeds across production facilities in Malaysia and Vietnam.
- Analysed manufacturing costs and prepared regular reports comparing standard costs to actual production costs.
- Analysed financial data to produce monthly reports, providing insights into company performance for stakeholders.
- Coordinated with external auditors during annual audits, providing necessary cost accounting documentation and explanations.
Education
Chartered Institute of Management Accounting (CIMA)
Tunku Abdul Rahman College
11-1998
Sijil Tinggi Pelajaran Malaysia (STPM) -
Sekolah Tinggi Port Dickson
Port Dickson01-1993
Sijil Pelajaran Malaysia -
Sekolah Menengah Dato Haji Abdul Samad
Port Dickson01-1991
Sijil Rendah Pelajaran -
01-1989
Skills
- Cost management
- Financial analysis
- Budget preparation
- Variance analysis
- Product costing
- Inventory control
- ERP systems
- Syspro ERP system
- SAP R/3
- Oracle JDE system
- Syspro Impact Accounting Software
- Microsoft Excel
- Microsoft Word
Personal Qualities
- A good fulfilling leadership roles and decision making.
- A very enthusiastic person with strong drive to learn, initiative, excellent in communication and interactions skills and result-orientated.
- A meticulous person for details and able to work independently with the least supervision.
- Have developed a broad set of business skills through my past experiences that have enabled me to manage rapid changes in the business environment.
Personal Information
Age: 52
Custom Section
RM13,260, 16, RM360, RM1,000, RM150, RM120, True, 3 months
Affiliations
CIMA associate memberships (ACMA), 2002
Language Skills
English
Intermediate
B1
Malay
Intermediate
B1
Chinese (Mandarin)
Elementary
A2
Certification
- Chartered Institute of Management Accounting
- Level CIMA associate member
- Management Accounting certified
Timeline
Group Costing Manager
Etika Sdn. Bhd
05.2023 - Current
Finance manager – Costing & Inventory
APM Auto Parts Manufacturer Co. Sdn. Bhd
09.2016 - 04.2023
Finance Controller
AFC Plus Sdn Bhd
04.2014 - 08.2016
Cost Accountant cum Head of IT
Kawan Food Bhd (KFB)
07.2009 - 04.2014
Cost Accountant
Malayan Flour Mills Bhd (MFM)
05.2006 - 07.2009
Chartered Institute of Management Accounting (CIMA)
Tunku Abdul Rahman College
Sijil Tinggi Pelajaran Malaysia (STPM) -
Sekolah Tinggi Port Dickson
Sijil Pelajaran Malaysia -
Sekolah Menengah Dato Haji Abdul Samad