Xiaohua (Libby) Li

• 11/2023 to Current: Finance and Business Services Manager
• 08/2021 to 11/2023: Finance Manager
• 04/2016 to 08/2021: Financial Accountant

In my current Finance and Business Services Manager role, I oversee and manage accounts payable, accounts receivable, payroll, and business services, ensuring accuracy and timeliness in all financial operations. I am responsible for preparing financial statements, annual budgets, and reconciliations while driving process improvements and leading a team to enhance operational efficiency and maintain compliance with relevant standards.

Position Responsibilities:

• Process all accounts receivable transactions, reconcile clients' accounts and follow up with financial guardians on outstanding payments.
• Manage NDIS claims, attend to all claims-related enquiries and prepare GL reconciliations for NDIS claims.
• Perform month-end reconciliations of banks and general ledger accounts.
• Prepare annual statutory accounts and annual budget.
• Prepare and review month-end, and year-end reconciliations and accounts.
• Manage a small team of finance and administration staff.
• Investigate new processes/systems for continuous improvement.
• Review weekly payments and cash flow and prepare payments for approval in the bank.
• Review payroll reports.
• Submit all statutory returns such as BAS and FBT.
• Manage cash flow and invest surplus funds in the CBA cash Deposit Accounts to maximise interest income.
• Manage insurance renewal and claims.
• Manage company fleet and registration renewals.
• Manage IT equipment, support and liaise with service providers.
• Manage the inventory and sales of merchandise.
• Assist in purchase of new vehicles and finance leases, and disposal of vehicles.
• Assist financing for new properties and sale of properties.
• Manage rostering system Human Force and payroll system MicrOpay enquiries and training.
• Assist with new clients applying for Centrelink pensions.
• Keep up to date with Centrelink pension changes affecting Forsight and communicate with Centrelink and guardian bi-annually.
• Back up accounts payable and payroll processing when required.
• Provide financial training to managers and team leaders when required.

I managed statutory tax calculations and processing, including BAS/IAS, and handled monthly prepayments and motor vehicle leasing invoices. I also reconciled ledger entries for trade debtors and suppliers, generated and analyzed sales and receivable data, and provided backup for cash flow forecasting, budget preparation, and various business payment functions.

Positions Descriptions:

• Calculate and process statutory tax – BAS/IAS.
• Process monthly Prepayments and all motor vehicle leasing invoices.
• Reconcile and process entries to ledger for Trade Debtors and Suppliers.
• Generate Sales & Receivable data for weekly drawdown with bank.
• Analyze Sales & Receivable data for bank quarterly Audit requests.
• Reconcile monthly Cash accounts.
• Reconcile Balance Sheet accounts-payroll deductions, superannuation, etc.; allocate costs to ledger, process candidates/staff business claims.
• Generate reports for year-end Audit requests.
• Back up for Cash Flow forecasting and budget preparation.
• Back up for business EFT payment, PAYG and Superannuation functions.

I was responsible for developing and managing a range of financial products and services. I worked closely with cross-functional teams to drive product strategy, innovation, and execution, ensuring alignment with the bank's business objectives and customer needs.

• Develop and execute product strategies that align with business goals.
• Create and manage product specifications and coordinate with teams for product launches.
• Conduct market research and analyze customer feedback to guide product improvements.
• Collaborate with marketing, sales, and IT teams to support product development and implementation.
• Monitor product performance and prepare reports for management review.
• Ensure products comply with regulatory requirements and internal policies.
• Assist in managing the product lifecycle from planning through to execution and evaluation.

I maintained accurate books and records, calculated fund Net Asset Values, and reviewed financial statements and performance metrics. I also managed client interactions, coordinated payments and transactions, and collaborated with Investor Relations to address queries and disseminate investor notices.

Position Descriptions:

• Maintaining books and records and calculating fund Net Asset Values.
• Reviewing and preparing financial statements and associated reports, including performance metrics.
• Reviewing and calculating carried interest/performance/incentive fees.
• Reviewing and preparing calculations and investor allocations for capital calls, distributions and equalisations.
• Coordinating and processing payments and other transactions.
• Acting as a primary day-to-day contact with clients and other fund participants.
• Work closely with Investor Relations team to respond to investor queries and to disseminate capital activity and other investor notices.
• Participating in projects that may be defined from time to time in connection with the continuing expansion and evolution of the business.
• Identifying and escalating any material issues effecting service delivery.

I integrated pay-run reports into Great Plains, assisted with cash flow forecasting, and managed bank and GL reconciliations. I also prepared monthly BAS, trial balances, and leasing journals, and supported month-end and year-end financial processes.

Position Descriptions:

• Integrate, check and post daily pay-run reports from FastTrack to Great Plains.
• Implement weekly, monthly and year end bank and GL reconciliations.
• Prepare monthly BAS.
• Prepare Trial Balance for YE reports.
• Prepare and post monthly leasing journals.
• Check and process division manual sales journals.
• Reconcile inter-company accounts.
• Assist with month-end and year-end processing.