Wei Chuang Lim

• Key Responsibilities:
• Prepared monthly consolidated financial statements for management reporting and analysis.
• Oversee and manage the finance operations across Malaysia and Singapore, ensuring alignment with corporate policies and local regulations.
• Lead and monitor MY & SG finance operations process including revenue recognition, billing, cost control and etc.
• Performed monthly and quarterly budget & forecast vs. actual analysis for Cargo, Solutions, Delivery, and Other Revenue segments to senior management.
• Collaborated with cross-functional teams and engaged Country GMs and HODs to understand market trends and key drivers behind variances between actual results and forecasts.
• Analyzed cost of sales items and collaborated with Contract and Procurement teams to identify savings and reduce costs.
• Involved in annual budget preparation by reviewing departmental budgets to ensure alignment with business objectives and historical trends.
• Implement financial processes to ensures accuracy and efficiency in financial reporting.
• Served as finance gatekeeper for vendor and customer contracts, ensuring compliance with financial terms and policies.
• Managed and resolved audit and tax queries, ensuring compliance with local regulatory requirements and group standard operating procedures (SOPs).
• Worked closely with the Shared Services team to ensure performance and work quality, implemented process updates for new products, and improve posting accuracy and strengthen internal controls.
• Maintain alignment of all statutory and management reports with MFRS and relevant financial reporting frameworks.
• Collaborate with cross-functional stakeholders to review and discuss finance processes for new initiatives and designing new process setups to ensure operational efficiency and compliance.
• Led and mentored a team of 6 finance team members, including hiring, training, and performance management.
• Involved in system automation of finance billing.
• Supported new cargo system implementation, including requirement gathering and process setup to improve data accuracy and reduce admin workload.
• Key Achievements:
• Partnered with Operations team to analyze and optimize daily sales-related operational costs, enhancing cost efficiency and driving a gross profit margin improvement from 15% to 35%.
• Implemented customer-level P&L analysis to identify low-margin accounts and collaborated with the Pricing team to revise pricing strategies, enhancing overall profitability.
• Enhanced month-end closing checks to reduce gaps between forecasted and actual results.
• Improved month-end closing process, reducing timeline from Day 13 to Day 9 for faster financial reporting.
• Partnered with Tech and Data teams to automate daily P&L, revenue dashboard, customer aging, and budget vs. actual reports.

Key Responsibilities:

• Managed Malaysia's finance operations, including Accounts Receivable, Accounts Payable, General Ledger, Cash Flow, and related financial activities.
• Managed more than 150 customer billings and more than 1,500 vendors' invoices on monthly basis.
• Analyzed Malaysia's P&L including forecast vs actual to manager.
• Implemented cash flow monitoring template to ensure sufficient liquidity for the Malaysia entity.
• Developed revenue reconciliation process and documented Malaysia finance operations workflows in Notion for cross-departmental reference and alignment.
• Assist in implement and enhanced processes to reduce credit risks.
• Assisted with internal and external audits.
• Ensured timely completion of month-end closing procedures for accurate financial statements.
• Mentored junior finance staff members, fostering an environment of continuous learning and professional development.

Key Achievements:

• Rolled out cash flow monitoring template to other countries, enabling senior management to review weekly cash availability for decision-making.
• Reduced Accounts Receivable turnover days from 90 to 45, significantly improving cash flow and collection efficiency.
• SOA Automation from Oracle system on monthly basis.

Key Responsibilities:

• Handled end-to-end finance operations for Malaysia, covering AR, AP, GL, collections, and month-end close.
• Managed end-to-end accounts payable and receivable processes for over 250+ vendors and customers for Teleport Malaysia.
• Monitored weekly cash flow to ensure optimal liquidity and financial stability for the company.
• Performed monthly cargo revenue proration report to 6 AOCs.
• Performed monthly cargo revenue reconciliations to identify discrepancies and mitigate revenue leakages.
• Collaborated with cross-functional team to improve billing accuracy.
• Assisted manager with ad hoc projects, including billing automation, process setup for new business initiatives, improving data accuracy and etc.

Key Achievements:

• Implemented automated billing functions that reduced bi-weekly customer invoice preparation time by approximately 50%, enhancing efficiency and accuracy in the billing cycle.
• Developed and implemented billing processes and SOPs for delivery billing and reconciliation checks for new business initiatives at Teleport.
• Successfully negotiated early payment settlements with customers and renegotiated credit terms with over 35% of vendors to extend payment deadlines. Also developed repayment plans for vendors to ensure adequate cash flow for the company, enabling timely payment of critical expenses.

Key Responsibilities:

• Performed monthly Revenue Reconciliation for 6 AOCs.
• Collaborated with the system team to identify system errors and create an issue log to track and resolve discrepancies.
• Collaborated with multiple stakeholders, including ground handlers and the operations team, to resolve discrepancies and ensure smooth operations.
• Conducted monthly cargo revenue analysis and presented findings to senior management.
• Prepared additional billing reports for country finance teams to facilitate accurate invoicing to customers.
• Performed various ad hoc tasks as assigned by superior, including financial and performance analysis.

Key Achievements:

• Secured early confirmation as a permanent staff member through consistent performance and contributions.
• Recovered an average of USD 80,000 in additional revenue through diligent monthly reconciliation efforts.
• Reduced unaccepted MAWBs to below 5% through ongoing collaboration with operations and ground handlers to ensure accurate system messaging.