Billy Liao

Accounting professional with 17 years of experience in manufacturing and service industries. Being dedicated to ensure accuracy of product/part costing and reliability of financial reporting in respect of production cost accounts. As a team player, being able to take prompt action and work with people from different functions to solve issues. Ability to work independently, being good at learning and integrating necessary information/knowledge to complete a job.

Cost Analyst - Precix Inc - MA

(2023-04)

• Provide prompt support for management decisions, build up and maintain an off-SAP costing model to provide prompt analysis associated with changes of material price, BOM, and routing.
• Gross margin analysis.
• Costing sensitive analysis for changes of material price, BOM, and routing.
• Determines cost and raw material requirement for budget.
• Any analysis associated with costing and inventory.
• Determine relevant and reliable product cost, work with operation and engineering teams to update material price, BOM, and routing parameters to ensure cost reflect latest condition as much as possible.
• Material & operating variance analysis, analyze PPV and operating variances to spot issues of value chain then provide variance review with operations and Supply Chain.
• Prepare business unit P&L report, split monthly P&L report into different business units based on cost allocation.
• Optimize inventory combination and provide finished goods turnover analysis, build up and maintain monthly finished goods turnover to inventory management and sales team for clears overviews in finished goods conditions.
• Month-end and year-end close, update standard cost for coming periods, prepare inventory reconciliations, determine inventory reserves, and any other variance analysis.
• Prepare annual budget reports, prepare annual sales budget report by working with sales team; produce raw material requirement report according to determined sales budget report.
• Manage and analyze cycle count variances, issue cycle count variance analysis to operation managers to review their operations.
• Calculate relevant inventory value, investigate and control impacts of material price change to on-hand inventory.
• Manage construction in progress, review and analyze construction in progress by summarizing spending, progress, and completion.

Regional Cost Manager – North America - Interplex - RI

(2022-05 - 2023-03)

• Prepare gross margin analysis and quantify impact of variation in selling price and unit cost.
• Review and verify of P&L production accounts to ensure production and price variances are valid and not erroneous.
• Review cycle account results and reconciliation; Ensure remedial actions taken to address master data errors (e.g. BOM) or process issues.
• Review producing activities of work centers to ensure existing BOMs reflect current conditions.
• Prepare analysis of production variance and work with operating, engineering, and planning teams to identify root causes and mitigation.
• Generate, maintain, and monitor standard cost to ensure accuracy and latest of product/part costing.
• Prepare month-end close for production accounts and generate necessary adjusting journal entries.
• Other operating/producing related analysis.
• Assist in special projects as required.

Cost Accounting Manager - A.T. CROSS - RI

(2017-03 - 2022-04)

• Prepared and analyzed inventory and margin reports, conducted research and performed analytical studies in regard to cost analyses and profitability.
• Assisted in month-end close, prepared journal entries as necessary, analyzed inventory evaluation, inventory roll forward.
• Calculated and analyzed cost variances.
• Calculated and maintained deferred and amortized expense.
• Implemented month-end close of the general ledger.
• Reconciled global inventories.
• Prepared and reconciled consignment costs and inventories.
• Worked in special projects as required.
• Maintained cost accounting data and system.

Cost Analyst (OPT - Contract Position) - George Patton Associate, Inc. - RI

(2015-02 - 2015-11)

• Built up and maintained cost information of inventory.
• Conducted inventory / pricing Analysis.
• Approved accounts payable and investigated the discrepancies.
• Compiled and analyzed performance of products and implemented inventory management.
• Analyzed and researched open or incomplete items, took actions to resolve and close discrepancies.
• Third Party Sales / Expense Recognition.

Internal Control and Administrative Director, Office of the CEO - Canlead International Co., Ltd. - Taiwan

(2008-12 - 2012-06)

• Established and maintained a system of internal controls and a program of internal control review.
• Performed management accounting analysis and provided recommendations to the CEO.
• Planned and established self-built ERP system with IT department to integrate and standardize the business and accounting information.
• Identified business risks in key operational areas and proposed improvement plans.
• Introduced and attained ISO27001 (Information Security Management) certification.
• Supported multiple functions such as Corporate Finance General Management, Human Resources, Operations, and Marketing.
• Performed other duties as assigned.

FP&A and Cost Accountant - Yulon Motor Co., Ltd. - Taiwan

(2006-01 - 2007-03)

• Resolved discrepancies between actual and standard costs through comprehensive cost analysis and inter-department cooperation.
• Provided detailed reports on periodic variances and their causes, with a special focus on spending variances.
• Prepared annual business interruption insurance file.
• Produced, maintained, and reconciled accounts payable accounts.
• Validated the cost of goods sold as part of the month-end close.
• Planned and supervised over $100 million general expenditure budgets and achieved 25% expenditure deduction compared to the previous fiscal year.
• Planned annual capital budgets to maintain the company's growth and decrease the liquidity risk.
• Analyzed Capital budgeting requests.
• Reported on margins by profit center and vehicle model.
• Generated departmental performance reports for the weekly upper management meeting.

Senior Auditor - Deloitte & Touche LLP - Taiwan

(2003-09 - 2005-07)

• Managed various auditing tasks and prepared reports on auditing activities for the clients including public and non-public companies.
• Performed internal control and substantive tests.
• Provided suggestions to effectively enhance clients' operation efficiency and reduced their operational risks. Performed analytical procedures/analyses to identify unusual financial statement discrepancies.
• Identified and communicated accounting and auditing matters to seniors and managers.
• Verified clients' compliances with tax regulations and provided tax consultation to help clients fill income tax returns.

MBA - Accounting Concentration - Johnson & Wales University (2014-11)

International Business Administration - International Trade Institute (2008-06)

MBA - Tunghai University (2003-06)

B.B.A. - Accounting - Tunghai University (1999-06)