Xin Li (Scott)
Perth,WA
Summary
Knowledgeable finance and accounting professional with strong background in taxation, corporate finance and treasury management. Successfully led treasury operations, optimizing cash flow and managing risk. Demonstrated proficiency in financial analysis and strategic planning.
Overview
18
18
years of professional experience
Work History
Deputy Head of Finance & Accounting Department
Tenke Fungurume Mine (TFM)
06.2023 - Current
- Implemented new accounting software to automate manual processes, increasing accuracy and efficiency in financial reporting.
- Oversaw the preparation of monthly financial statements, ensuring accuracy and timely reporting to stakeholders.
- Managing and review monthly tax compliance reporting to tax authority, including monthly and yearly lodgements.
- Enhanced internal controls by implementing strict compliance procedures and conducting regular audits.
- Assisted in budget planning and management, allocating resources strategically for optimal department performance.
- Managing and supervising company's liquidity risks and financial risks.
- Actively maintaining relationships with commercial banks, reserve bank of SA and other stakeholders'
- Mentored junior finance staff members, fostering a culture of continuous learning and professional development.
- Conducted detailed investigations, gathering essential evidence to support legal proceedings.
Chief Financial Officer
NKWE Platinum Limited
10.2015 - 05.2023
- Oversaw budgets, payroll, and accounts payable and receivable.
- Reduced operational costs by identifying areas for improvement and implementing cost-saving measures across various departments.
- Spearheaded the implementation of a new financial reporting system, resulting in more accurate and timely data for decision-making purposes.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
- Managed relationships with external auditors, ensuring a smooth and efficient annual audit process with minimal findings or issues identified.
- Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
- Oversaw the preparation and submission of all tax filings, mitigating potential risks associated with noncompliance.
- Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
- Enhanced cash flow management through the development of robust forecasting models, ensuring optimal liquidity for business operations.
- Oversaw deployment of strategic business plans to accomplish accounting, compliance, and revenue targets.
Associate Director
Somerville Advisory
04.2012 - 04.2015
- Maintain and foster clients’ relationship with company’s existing Chinese clients by providing various marketing activities to senior executives and key decision makers
- Identify and develop business corporation and alliance relationship with other key stakeholders both domestically and internationally
- Reduce practice’s marketing costs and leverage alliances’ network to increase brand awareness of practice by launching various joint hosting events
- Identify and develop personal and business relationships with key decision makers of potential clients through these events
- Attend meetings with marketing team of other accounting practices and understand their focus
- Develop personal relationship with middle management and key decision makers of other practices’ clients to understand other practices’ strength and our strength
- Prepare annual business development budget
- Allocate business development fund to quarterly and yearly functions, events and workshops
- Assess potential business opportunities and analyse probability of potential engagement, then apply and allocate additional budget to launch initiatives
- Provide guidelines and coach junior accountants and office supporting staff to develop marketing skills and knowledge
- Summarize clients’ business activities and industry trend
- Provide advice to higher management to assist strategic planning of practice
Corporate Manager
Ledger Corporate
07.2009 - 02.2012
- Identify and evaluate potential business growth opportunities and take marketing initiatives
- Liaise with representatives of major business brokers and investment institutes to identify and evaluate projects and acquisition targets
- Draft and execute confidentiality agreement and commission split agreement between our office and these strategic partners
- Act as the first point client contact, identify revenue generating area
- Draft engagement letter and negotiate chargeable rate or flat fee engagement
- Monitor workflow in both compliance service line and non-compliance service line
- Assist other members of team to prioritize job list
- Communicate with clients to explain workflow control system and update clients any workflow changes
- Lead fieldwork as part of dedicated team, evaluate information provided by clients and guide the team to deliver work before deadlines
- Managing junior staff members and review their work, assist other senior member of staff to improve ethical and compliance standards
- Be responsible for maintaining high standards of work, building strong client relationships and helping to improve and grow the practice
- Review each project’s costs and chargeable hours accumulated, and then assist accounts team to prepare invoices to clients on monthly basis
Accountant and Taxation Advisor
Banks & Co
09.2006 - 02.2009
- Completion of various accounting and tax compliance work for SME, including individual, sole trader, partnership, company and trust
- Preparation of tax return and financial report for these SME clients
- Providing technical support to director as required
- Involvement across a broad range of accounting and taxation matters including company and trust formation, ASIC company secretarial duties, capital gain tax, goods and services tax, fringe benefits tax, superannuation compliance work, payroll compliance work
- Assisting division 7A and rule 78 calculation
- Liaise with Australian Taxation Office to attend any inquiry
Education
Master of Finance -
Curtin University
Perth, WA07-2006
Master of Accountancy -
Curtin University
Perth, WA12-2004
Skills
- Risk Management Proficiency
- Tax Planning and Strategy
- Capital Structure Optimization
- Strategic financial planning
- ERP System Implementation
- Financial Policy Formulation
Timeline
Deputy Head of Finance & Accounting Department
Tenke Fungurume Mine (TFM)
06.2023 - Current
Chief Financial Officer
NKWE Platinum Limited
10.2015 - 05.2023
Associate Director
Somerville Advisory
04.2012 - 04.2015
Corporate Manager
Ledger Corporate
07.2009 - 02.2012
Accountant and Taxation Advisor
Banks & Co
09.2006 - 02.2009
Master of Finance -
Curtin University
Master of Accountancy -
Curtin University
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