Jayden Deng

Booktopia is Australia's biggest online bookstore.

• Leading and mentoring a team of 6 accounting staff in both Head Office and Manilla;
• Supervising AP and AR function;
• Designing accounting procedures, and determining appropriate accounting treatments in compliance with AASB standards
• Leading month-end close, deciding appropriate accounting treatments for reviewing the journal entries and account reconciliations prepared by Financial accountant
• Streamlining current processes to improve accuracy and efficiency
• Managing end to end tax returns

Achievements

• Implemented cash flow forecasting and streamlined payment processes, resulting in shorter payment cycles, improved credit terms for the company, and a significant reduction in manual administrative work
• Investigated a high volume of chargebacks and identified a loophole in the 3-D Secure authentication setup. Coordinated between the in-house tech team and the digital payment solution provider to resolve the issue, leading to a 30% reduction in chargebacks

TJX Australia

TJX Australia is operating TK Maxx in Australia. The company is part of the TJX Companies Inc., the leading off-price retailer of apparel and homewares worldwide, is a Fortune 100 company.

• Provided variance analysis and commentaries on Balance Sheet and P&L, presented monthly financial results to the senior management team.
• Documented judgement areas, prepared accounting memos, reviewed various accounting treatments and prepared year end disclosures.
• Engaged in Year-end financial statement compilation process for all Australian entities, ensuring with the applicable local and US accounting standards.
• Led and coordinated the audit by preparing schedules, responding to auditor inquiries, chasing up audit queries, resolving discrepancies, and ensured year end audit close out on schedule with minimum audit adjustments.
• Collaborated closely with other business units to support strategic decision-making and contributed financial expertise and insights.
• Led all financial reporting activities and delivered monthly/ quarterly management reporting packs.
• Managed the end-to-end process for lease accounting and reported in accordance with IFRS and US GAAP.
• Provided leadership, mentorship, and professional development to two accountants within the function
• Assisted with the development of a rolling forecast to ensure the forecasting was on track and potential risks and opportunities were identified timely.
• Prepared tax reports, coordinated with external tax consultants to ensure tax returns were accurate and lodged timely.

Achievements

• Conducted a historical cost analysis and identified areas of overspending, leading to successful negotiations with a vendor to secure a $126K credit. Developed a comprehensive Excel tool and trained stakeholders to use it for monthly monitoring and checking of the store operating expenses, resulting in savings of $20,000 each month.
• Developed and implemented robust internal controls for the lease administration process, increasing the operational efficiency by 11% and enhancing accuracy of the lease information in the lease administration system by over 30%.
• Successfully trained new hires and created comprehensive training materials and videos on company policies, systems, and procedures. This initiative streamlined onboarding processes.
• Automated and streamlined the month-end closing process, reducing the monthly processing time by 8 hours.

Company overview : Petbarn is Australasia’s largest integrated consumer facing pet care company with over 200 retail stores operating in Australia and New Zealand.

• Prepared flash reports to detect and react to risks and opportunities. Provided commentary on any significant variances between the anticipated figures and the forecast.
• Performed sales analysis and gross margin analysis to assess the performance of the business over different time periods. Provided financial commentaries on the company's profitability and on variances between actual results and forecast/budget.
• Conducted month/year end close activities involving accruals, adjusting journal entries, reviewing and challenging information provided to ensure figures are clearly understood and supported.
• Business partnered with area managers and divisional managers by providing financial/management reports, identifying trends, monitoring variances, interpreting financial information, and delivering insights that links financial performance to business strategies.
• Reviewed suppliers’ rebate receivables and performed budget to actual variance analysis.
• Managed payroll accounting.

Achievements

• Automated the payroll journal process, which resulted in that the weekly processing time decreased by 2 hours. Building the monthly payroll reconciliation tool which improved internal controls.
• Contributed operational and technical accounting knowledge to the company's AASB 16 implementation project.
• Identified and investigated root causes on the annual leave accrual miscalculation and the leave cost misallocation, fixed the errors which resulted in a fairer presentation of the divisional P & L.
• Reconciled the workers’ compensation clearing account in 2 days, which had not been properly reconciled for over 10 months. Identified and claimed back $300k overpaid insurance premiums and $100k overdue workers’ compensation for the company. Created control points on claiming workers’ compensation process, liaised with various teams (payroll, WHS, insurance broker) and identified focal points for this process to be implemented successfully.

• Company Overview: Appen is an ASX 200 company and a global leader in the development of high-quality, human-annotated datasets for machine learning and artificial intelligence.
• Reconciled bank accounts and corporate credit cards. Post adjustment journals for errors and omissions.
• Reviewed and post intercompany transactions (including cross charges or allocations). Reconciled intercompany accounts.
• Maintained fixed asset accounts and the fixed asset register.
• Directing and overseeing all aspects of the AP function to ensure that offshored AP team processed all suppliers' invoices and employee expense claims in a timely and accurate manner.

Achievements

• Well managed a critical risk to avoid the delay in the client's project in China, and contributed to saving around A$70K on transactional charges for the company every year.
• Took part in the company's new ERP system testing and implementation, provided feedback and suggestions, which contributed to the accounting module going live successfully within 3 months.
• Streamlined re-sending independent contractor payments process, which reduced the processing time from 5 hours per week to 0.5 hour per week.

• Performed full accounting functions.
• Processed weekly payroll to ensure that 100+ employees were paid in an accurate and timely manner.
• Achievements
• Successfully introduced new key cost factors, which contributes to that director are well-informed and able to use the information to get a better control on business expenses.
• Improved the company's management reporting system by streamlining and creating pre-formatted Excel templates.