Jacqueline Lim

An active, trustworthy and highly organised person. Was an accountant in a commodity trading company, demonstrated ability to lead a team on daily accounting, month end closing, financial reporting as well as tax-related matters. Coupled with auditing experience across industries such as trading and servicing, education provider and others.

An independent and proactive leader cum team player, always committed to the successful completion of tasks and responsibilities. Possessed excellent communication, time management and people management.

Accounting Manager - Hup Soon Cheong Service Pte Ltd and group

(2023-09)

Supervise and manage the accounting team, including daily operations and workload allocation.

• Fine tune accounting process, managed to change accounting record of 3 companies (turnover of S$25million, $7million and S$2.5million respectively) from cash accounting to accruals accounting.
• Led a team through the data migration process, successfully overseeing the migration of one full year of data and ensuring a smooth transition to a new system at the start of the following financial year.
• Successfully managed the migration of 500 fixed assets into a new system, ensuring accurate data input and seamless transition. Reconciled net book value (NBV) between the old and new systems despite differences in depreciation methodologies, ensuring full alignment and financial accuracy.
• Oversee full set of accounts, including accounts payable, accounts receivable, general ledger, and fixed assets.
• Handle the full spectrum of accounting functions, including management reporting, taxation, monthly account closing for decision making.
• Manage forecasting, and variance analysis.
• Review management reports prepared by subsidiaries.
• Prepare group consolidation reports in an accurate and timely manner.
• Liaise with external auditors for statutory reporting and coordinate with professional advisors on related matters.
• Review and submit GST filings in compliance with regulatory requirements.
• Prepare tax schedules and liaise with tax agents on tax-related matters.
• Administer, implement, and continuously improve accounting processes and workflows to enhance operational efficiency.
• Manage and resolve complex accounting issues effectively.
• Ensure timely and accurate preparation and review of monthly, quarterly, and annual reports for management submission within stipulated deadlines.
• Set KPIs for the accounting team and monitor performance to ensure departmental goals are achieved.
• Liaise with banks on loan applications, including documentation, negotiation, and follow-up on approval status.
• Conduct staff performance evaluations and provide guidance for team development.
• Perform any other ad hoc duties assigned by the Directors.

Finance Manager - AT&S Pte Ltd

(2021-04 - 2023-09)

• Detected wrong practice of goods and services tax. Fine tune and revised the process of data extraction to ensure the accuracy of information.
• Based on the changes of IFRS116, noticed that tax agent from Malaysia's subsidiary omitted office premise rental of MYR111K from tax computation and led to higher taxable income. Discuss with tax agent and revised tax computation.
• Noticed and rectified an over provision of doubtful debts by S$1mil where the company has only S$540K of receivables. Discussed with direct superior and checked on the total outstanding as date, revised the provision of doubtful debts accordingly.
• Analysed and reviewed profit and loss and balance sheet of each entity (Singapore, Malaysia, Mainland China, Hong Kong China and Indonesia) at group level, advise respective team with necessary adjustments
• Performed monthly group consolidation works
• Prepared trial balance for company(ies) joined / left the Group within the year
• Prepared YTD cash flow statement at group level
• Prepared management business review power point slides for Head of Finance to present in monthly management meeting
• Business partnering and given advised to shared service team when they encountered any accounting issues.
• Liaised with tax agent to assess and submit current year tax computation, reassessed and resubmitted long outstanding tax computations of Singapore and Malaysia entities
• Reviewed and submitted good and services tax return of Singapore
• Liaised with external auditor / company in charge to review audit adjustments, FRS116 worksheet, ECL working and audited reports
• Assisted Finance controller at annual budget of the group.
• Assisted Finance Controller at group audit report
• Reviewed Accounts Receivables aging of China subgroup
• Prepared overhead cost and information for monthly business units meeting
• Reviewed and approved new customer (cash / credit) and credit limit application of China subgroup
• Assisted Finance Controller at preparing data and information for due diligence exercise
• Assisted Finance Controller at ad hoc matters.
• Reviewed and approved payments at entities level – China entities and Singapore entities
• Reviewed payment list above S$50K before send for management approval
• Reviewed and approved temporarily credit limit extension of all entities in the Group
• Reviewed and approved sales order and purchase order more than S$300K
• Prepared minutes for monthly management meeting

Accountant - Peter Cremer (S) GmbH

(2008-11 - 2020-06)

• Played a vital role with execution department to reconcile Pakistan and Vietnam various balances amounting to USD 4 million which was outstanding for 5 years.
• Successfully detected miscalculation of corporate tax due to confusion of GTP tax incentive. We self-declared to IRAS to re-open / re-calculate past 5 years of tax computation.
• Managed tax queries from IRAS and successfully close tax assessment up to YA2019 with the assistance from tax agent (EY) and guidance from Chief Accountant.
• Completed the goods and services tax audit from IRAS.
• Detected a duplicate payment of USD20K to supplier and seek the understanding from supplier to offset the second payment with future invoices.
• Streamlined accounting and reporting processes and enhanced reporting quality
• Monitored, maintained and improved internal control functions, daily accounting operations and month-end accounts closing process
• Managed and supervised daily accounting matters including approved payments, reviewed and advised on costing sheets, advise operation team and accounting team on accounting issues, identified long outstanding receivables and update the status
• Reviewed and approved invoices and trade accruals done by operation team before posted into general ledger
• Reviewed and prepared timely management reports, accounts receivables / payables / other receivables / accruals / provision / advance payments and collections reports and analysis
• Reviewed and analysed profit and loss against budget / forecast
• Reviewed contracts / engagements list to identify open and closed contracts
• Worked with operation team to reconciled outstanding balances from Pakistan and Vietnam accumulated for years which include advance payments / collection, amount due from / to
• Liaised with holding company and prepared yearly inter-companies reconciliation, twice a year
• Responsible for audit & local statutory reporting in compliance with relevant accounting standards (IFRS)
• Prepared yearly tax computation for audit and tax purpose
• Responsible for local tax assessment and liaised with tax agent and IRAS for any queries (Global trader programme "GTP" tax incentive)
• Reviewed and submitted goods and services tax
• Reviewed and submitted withholding tax
• 1 of the approved signatories of company (bank and non-bank)
• Reviewed and monitored bank credit facilities and assisted treasurer at cash flow management and reported to chief accountant / head office in Hamburg
• Identified learning needs of subordinates and coached them when necessary
• Assisted Chief Accountant in all accounting matters

Audit Senior - ERNST & Young

(2007-11 - 2008-10)

• Documented client's internal accounting system to identify weaknesses and made constructive recommendations for improvements to systems and procedures.
• Developed audit plans which included obtaining and understanding of the client's business and industry, identification of audit procedures to verify fairness of the clients' financial statements as well as time & cost budget
• Conducted audits to verify accuracy of records, compliance with international standards, policies and procedures.
• Performed audit procedures on various sections such as test of controls/details, profit and loss and balance sheet items.
• Identified appropriate audit adjustments in the light of relevant International Financial Accounting Standards (IFRS)
• Reviewed financial statement and consolidation pack