Internal Audit Manager at PT Wijaya Karya Realty A Subsidiary PT Wijaya Karya (Persero) Tbk (2018-08 – Present)
Developer Company Real Estate, Property, Building Management, Manufacturing, Retail & Hospitality
- Strengthened operational controls and compliance processes by collaborating closely with the Enterprise Risk Management (ERM), Internal Control, and Compliance teams.
- Designed, implemented, and monitored operational controls across various departments, ensuring alignment with company policies and regulatory requirements.
- Facilitated the identification, assessment, and mitigation of operational risks in partnership with ERM and Business Units.
- Spearheaded Internal Auditor change initiative, driving action plans related to risk assessment and planning, audit execution, reporting, staffing, and technology enhancements.
- Orchestrated the annual risk assessment and planning process, developing an audit plan responsive to the organization's risk profile.
- Oversaw the execution of individual audits outlined in the audit plan, ensuring exceptional service quality and client satisfaction.
- Conducted assessments of internal controls for acquired or joint venture companies, leading efforts to address identified control deficiencies.
- Managed the tracking, follow-up, and resolution of all open audit issues, leveraging the Audit Committee as necessary.
- Provided technical assistance with investigations and special audits, contributing subject-matter expertise as required.
- Ensured Internal Audit activities adhered to established professional standards while remaining informed of emerging trends and best practices for integration.
- Supervised Internal Audit's engagement in critical business and technology initiatives, ensuring proactive input and implementation of appropriate controls.
- Maintained the audit technology platform with support from the information systems group as required.
- Produced all Internal Audit reports, ensuring clarity, conciseness, identification of root causes, and practical solutions that add value to management.
- Proactively informed senior management of significant risks or exposures related to internal controls, compliance, and governance requiring urgent attention.
- Engaged regularly with the Audit Committee to report on Internal Audit's ongoing monitoring activities, educating the committee on emerging risks or exposures.
- Investigated and reported any concerns raised through Hotline/Whistleblower processes to the Audit Committee, assisting in investigations as necessary.
- Attracted, hired, and retained a team of high-performing audit professionals known for their exceptional knowledge, experience, ethics, and integrity.
- Fostered a culture of continuous improvement and high performance within the audit team.
Manager Finance & Accounting at PT Wijaya Karya Realty A Subsidiary PT Wijaya Karya (Persero) Tbk (2012-07 – 2018-08)
Developer Company Real Estate, Property, Building Management, Manufacturing, Retail & Hospitality
- Oversaw the day-to-day finance operations of the mill, leading financial activities on-site.
- Managed accounting, finance, cash flow, credit control, and taxation processes to ensure compliance with company policies and corporate governance.
- Implemented effective controls in operations, aligning with corporate governance standards.
- Directed all finance and accounting operations, ensuring efficiency.
- Facilitated the development, management, and monitoring of the organization's annual budgets to ensure effective allocation of financial resources, achieving an average adherence rate of 98% to budget targets.
- Projected future financial performance using historical data and market trends, achieving an average forecasting accuracy of 92%, providing critical insights for strategic decision-making and resource allocation.
- Created complex financial models that supported three successful investment decisions totalling Rp750 Billion and evaluated five strategic initiatives, resulting in a 10% increase in project Return on Investment (ROI).
- Conducted thorough variance analysis to identify key performance drivers, delivering actionable insights that realised 7% cost efficiencies and contributed to 4% revenue growth across various projects.
- Ensured accurate and timely preparation of key financial statements, consistently meeting reporting deadlines within five business days of month-end close and maintaining 100% compliance with accounting standards.
- Presented financial results with insightful information, explaining key variances against budget and previous year's financial performance.
- Ensured all financial reports complied with accounting standards, regulatory requirements, and company policies.
- Presented financial performance reports to senior management and external stakeholders, including investors, auditors, and tax authorities.
- Monitored and managed cash flow to guarantee sufficient liquidity for operational needs, ensuring optimal liquidity levels with zero instances of cash shortages.
- Optimised working capital management, resulting in a 10-day reduction in Accounts Receivable Days Outstanding and improving inventory turnover by 5%.
- Oversaw short-term and long-term financing needs, ensuring the company had the necessary funding to meet operational and growth objectives.
- Identified and implemented cost reduction initiatives, achieving annual savings of approximately Rp5 Billion, representing a 3% decrease in overall operational expenses.
- Monitored business expenses, ensuring alignment with the approved budget while conducting profitability analyses of various projects, departments, or products to focus on profitable ventures.
- Evaluated, assessed, and mitigated financial risks impacting the business and implemented comprehensive internal control procedures, reducing financial discrepancies by 25% and enhancing asset protection across the organisation.
- Ensured compliance with financial regulations, remaining abreast of developments to uphold standards and practices.
- Provided financial insights and recommendations to guide the organisation's overarching business strategy and growth initiatives.
- Evaluated investment opportunities, including mergers, acquisitions, capital expenditures, and new ventures, delivering expert advice on financial decisions, risk management, and budgeting strategies.
- Partnered with Production Leads and Commercial Heads to promote business growth and support seamless operations.
- Led and mentored a finance team of eight professionals, achieving a 90% retention rate and a 15% improvement in team productivity through targeted training and performance management.
- Delegated tasks within the accounting department to manage workload effectively and meet deadlines, conducting performance reviews and supporting professional development.
- Collaborated closely with other departments (e.g., HR, operations, marketing) to align financial objectives with broader organisational goals.
- Oversaw tax strategy and compliance, ensuring accurate and timely preparation and filing of the company's tax returns while minimising liabilities.
- Coordinated internal and external audits to ensure transparency and accuracy in financial reporting.
- Established strong financial governance frameworks to ensure proper financial management and accountability.
- Developed and tracked financial Key Performance Indicators (KPIs) to monitor business performance, benchmarking financial performance against industry standards to identify areas for improvement.
Head of Project Accountant at PT Wijaya Karya Realty A Subsidiary PT Wijaya Karya (Persero) Tbk (2009-11 – 2012-07)
Developer Company Real Estate, Property, Building Management, Manufacturing, Retail & Hospitality
- Oversaw and guaranteed accurate financial reporting adhering to local and international accounting standards.
- Prepared and analysed financial statements, budgets, forecasts, and management reports to inform strategic decision-making.
- Developed financial strategies that enhanced profitability and cost efficiency.
- Ensured compliance with tax regulations and internal financial policies while managing external audits and liaising with auditors for smooth audit processes.
- Ensured compliance with financial regulations, remaining abreast of developments to uphold standards and practices.
- Provided financial insights and recommendations to guide the organisation's overarching business strategy and growth initiatives.
- Evaluated investment opportunities, including mergers, acquisitions, capital expenditures, and new ventures, delivering expert advice on financial decisions, risk management, and budgeting strategies.
- Partnered with Production Leads and Commercial Heads to promote business growth and support seamless operations.
- Led and mentored a finance team of eight professionals, achieving a 90% retention rate and a 15% improvement in team productivity through targeted training and performance management.
- Delegated tasks within the accounting department to manage workload effectively and meet deadlines, conducting performance reviews and supporting professional development.
- Collaborated closely with other departments (e.g., HR, operations, marketing) to align financial objectives with broader organisational goals.
- Oversaw tax strategy and compliance, ensuring accurate and timely preparation and filing of the company's tax returns while minimising liabilities.
- Coordinated internal and external audits to ensure transparency and accuracy in financial reporting.
- Established strong financial governance frameworks to ensure proper financial management and accountability.
- Developed and tracked financial Key Performance Indicators (KPIs) to monitor business performance, benchmarking financial performance against industry standards to identify areas for improvement.
Senior Auditor at Pieter Uways & Rekan (2007-03 – 2009-11)
- Formulated audit planning encompassing strategy, scope, and timelines to ensure effective audit execution.
- Identified audit risks, determining appropriate audit procedures to mitigate them.
- Coordinated audit teams, assigning tasks to ensure optimal efficiency and outcomes.
- Executed financial statement audits in accordance with applicable accounting standards, such as SA, PSAK, and IFRS.
- Evaluated and tested clients' internal control systems, ensuring compliance and identifying areas for improvement.
- Collected, analysed, and assessed financial data and audit evidence to inform findings.
- Identified non-compliance or discrepancies, providing actionable recommendations for improvements to strengthen processes.
- Supervised and mentored junior auditors, enhancing team performance and skillsets.
- Conducted training and provided feedback to bolster the competencies of the audit team.
- Prepared comprehensive audit reports reflecting findings, conclusions, and recommendations for improvement.
- Communicated audit results effectively to clients, providing necessary recommendations to enhance financial integrity.
- Maintained strong communication with clients to understand their business and ensure a smooth audit process.
- Resolved issues arising during audits, delivering effective solutions to maintain audit integrity.
- Coordinated with regulators or external parties as necessary, ensuring compliance with auditing standards.
- Ensured adherence to applicable auditing standards across all processes and practices, staying updated with the latest developments in accounting and auditing regulations.
