Kan GUO

Key Achievements:

• Supported CFO and Directors to settle litigations matters for both property and dining industries;
• Assisted CFO and Directors to complete the Deed to Company Assignment for the company restructure;
• Supported CFO, Directors and overseas JV partner to settle a $200m+ sales of Channel 9 Willoughby property project to Mirvac;
• Assisted CFO with lease renewal and relocation;

Responsibilities:

• Report to CFO directly and responsible for tax / month-end / year-end / cashflow related works for Lotus Group - property and investment entities (15+entities, incl Trusts and companies);
• Assisting CFO and Property Director with documents and reports for litigations, financing, projects analysis and settlements matters;
• Assisting CFO to create organizational structures to improve accounting and finance functions and internal control;
• Liaising with external solicitors and financiers for purchasing and selling properties;
• Monitored budget and revenue trends, compiling reports for company leadership to inform decision-making.
• Lead the finance team to apply the proper accounting treatment of government stimulus packages for COVID-19
• Trained new and existing staff members in various financial procedures to prepare for job requirements.
• Liaising with external tax agents for tax matters, especially for income tax, activity statements and CGT reviewing;
• Reviewing external accountant’s reports for JV entity;
• Being the main contact with financiers or brokers for financing and insurance matters and managing term sheets and loans;
• Reporting to Property Director and the Business Owner for rolling forecast of property projects
• Managing and reviewing the assistant accountant works in AR / AP / Bank Reconciliations sections;
• Working with the Dining Finance Team for Intercompany balance reconciliation cross over almost 30 entities of the Group;
• Coordinating with HR on any payroll enquiries;
• Ad-hoc tasks and reporting requirements

Systems: Xero, Property Tree, Microsoft Office

• Prepared, commented and delivered monthly management reports with actual vs budget analysis and commentaries to directors, managers and operations team;
• Assisted in annual budget set-up;
• Maintained fixed assets register;
• Managed and reviewed the AP, AR and employee expenses claims;
• Co-ordinated the payroll and supporting HR on any payroll enquiries, especially for sponsoring employee for visa application, Workers Comp audit and Fair Trade audit;
• Monthly and annual group payroll tax reconciliation and submission;
• Intercompany balance reconciliation cross over 20+ entities for all Dining, Property and Investment sections;
• Liaised with external tax accountants for ATO audit and income tax submission etc.;
• BAS/IAS preparation and submission;
• Contributed to financial and operational risk reduction by evaluating effectiveness of controls and subsystems.

Systems: Xero, Microsoft Office

• Internal cash assurance/control and investigated any variances;
• Assisted with ERP system migration (Microsoft Dynamics Great Plains) from MYOB;
• Prepared BAS and IAS;
• Assist external audit team through preparation of reports, reconciliations and more
• Assisted and cooperated with external auditors (PwC, KPMG, PKF) in preparing half-yearly and yearly audited financial reports based on IFRS;
• Prepared and finalized month-end financials head to toe with monthly and year-to-date actual vs budget analysis and commentaries in line with GAAP and IFRS, also including Balance Sheet and GL reconciliations, Stock reconciliations with COGS variance analysis, and Profit and Loss analysis;
• Provided weekly channels and areas revenue snapshot reports to the operation and executive team;
• Interpreting, analysing and explaining financial results to assist in building accountability and driving finance performance
• Issued outgoing invoices to external tenant based on Lease Agreements;
• Set-up, interviewed and managed AP team;
• Trained and supervised new employees;

Systems: Microsoft Dynamic, Calumo, Microsoft Office

• Directly report to the team leader and director in bank reconciliations, daily takings, month-ends, cash assurance etc
• For up to five business clients, three of which belong to the same hospitality group and remainders belong to an insurance group;
• Prepared and finalized month-end financials in line with GAAP and IFRS, including Balance Sheet and GL reconciliations, Stock reconciliations, Payroll and Leave reconciliations, Prepayments and Accruals maintenance and Inter-company reconciliation, etc.;
• Processed AR, AP and Payroll;
• Prepared Superannuation, payroll tax (4 states), workers compensation, child support, BAS and IAS;
• Liaised with clients for any enquiries.

Systems: MYOB, Wage Easy, Microsoft Office

• Prepared mortgage data based on contracts for manager to analyze;
• Researched mining industry information, especially for alumina, copper, coal and iron ore, for manager to analyze;
• Explored the serviceability tests of mortgage application: Loan to Valuation Ratio, Debt to Service Ratio and Net Income Surplus Models.

Systems: AS/400