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    Colin Kwok

    Colin Kwok

    Business Financial Improvement Coach

    Henderson, NV, United States

    Provide corporation and businesses with 33 years of broad and deep financial management experience in large and small organizations with very successful outcomes for improvement...Read moreProvide corporation and businesses with 33 years of broad and deep financial management experience in large and small organizations with very successful outcomes for improvement in financial strength, cost reduction and efficiency improvements.

    Area Covered: San Francisco Bay Area, California USA, Las Vegas, Neveda, Shanghai China
    Work Experience Summary: Senior Consultant
    McKesson Corp. - Interim VP Corporate Procurement
    •Staff of 40 people
    •Drive cost reduction for the company through negotiations, competitive bids, innovative solutions, new supplier development, combined purchases, volume discounts, consolidate supplier base
    •Diversity and inclusion programs • Veteran, Women, Minority and Disabled
    •Process improvement including no PO no pay, contract tracking, cost reduction metrics, reporting automation
    Ridgetop • Financial Review of Consumer Electronic Companies
    Coleman Research Group • Financial Review of Consumer Electronic Companies

    Logitech Inc. (Annual Rev. $2.0B), Fremont, California, USA July 1998 • April 2010
    Vice President Finance, WW Operations, Logitech, Fremont, CA July 2007 • April 2010
    •CFO of WW Operations, $1.2B annual COGS Budget with 34 staff members, 5 direct reports
    •In charge of accounting, JE, GL, AP, FP&A and performance metrics reporting for Ops
    •Provided budgetary support to Manufacturing, Global Sourcing, Logistics, General Procurement, Travel and Facilities; business partner to SVP WW Operations
    •Drove Inventory productivity and extended payment terms to improve cash conversion cycle from 70+ days to 18 days
    •Led linearity project to ship based on POS data to improve revenue recognition and cost
    •Automated cost accounting process to reduce workload and improved efficiency
    •Innovated margin analysis, Cash Conversion Cycle updates, and FX impact analysis
    •Sarbanes-Oxley implementation and annual review • no material weakness for 3 years

    Senior Finance Director, WW Supply Chain, Logitech, Fremont, CA Aug 2003 • June 2007
    •Led 25 staff members to establish weekly FP&A and performance metrics update
    •Devised innovative strategies to reduce total Supply Chain cost from 13.4% of revenue to 9% of revenue and saving $80m over 5 years.
    •Managed consultants and contractors; performed ROI on projects to reduce logistics complexity; increased container utilization 22%; packaging redesign for distribution
    •Supported annual freight cost bidding with global freight forwarders to reduce rates
    •Implemented direct drop shipment to customers to reduce lead-time and logistics costs
    •Automated metrics reporting and implemented activities based cost allocation for logistics.

    Finance Director, Asia Pacific/Japan Sales Region, Taiwan July 1998 • July 2003
    •CFO of the APJ region, oversaw 75 staff members covering accounting, financial analysis and reporting, Legal and IT functions
    •JE, GL, AP, AR, tax and statutory reporting for 13 legal entities, and FP&A reporting for 10 sales office locations; SEC reporting • APJ regional input
    •Consolidation of quarterly accounting and financial results for the region
    •Negotiated bank credit lines and factored Chinese VAT receivables
    •Drove manufacturing efficiencies to maintained $0.9 per earned hour rate over 5 years
    •Negotiated trade name purchases (Hong Kong/Malaysia/Japan) at extremely favorable terms
    •Implemented Oracle ERP and Financial Models in APJ
    •Organized and implemented Sarbanes-Oxley internal control processes (96) for APJ region

    Sun Microsystems (Annual Rev. $8B) , Palo Alto, California, USA Sep 1996 • July 1998
    Financial Controller, Greater China Sales Region, Based in Hong Kong
    •CFO for the Greater China Region, managed financial and order administration functions
    •Established regional financial policies and processes for JE, GL, AR, AP, revenue recognition, travel, capital appropriation and FP&A reporting functions
    •Performed credit reviews, AR collections, and pricing; maintained high gross margins while supporting revenue growth of over 50% over the two-year period.
    •Established a wholly foreign owned legal entity in Beijing China.
    •Negotiated with customers (e.g. Hong Kong Airport authority “HACTL”) for $80m deal
    •Member of the Regional Executive Committee to set policies and strategies

    United Technologies Corporation(Annual Rev. $53B) , Hartford, CT. Feb 1985 • Aug 1996
    Director of Finance, UT Automotive, (Auto Parts Mfg) Hubei, China Feb 1995 • Aug 1996
    •CFO of a newly formed JV in China, with a team of 20 staff members
    •Established accounting, financial analysis and reporting functions, negotiated with JV partners, leased manufacturing facilities, purchased machines and equipment and hired 500 line workers for automotive production.
    •Other areas of responsibility included regulatory compliance, annual reports, tax, duty, budgets, five-year plans, leasing, capital budgets and spending, human resources, IT, banking relationships, cash flow, funding, supplier negotiations, and purchasing.

    Manager of Customer and International Finance, UTC WW Treasury HQ July 1990- Feb 1995
    •Project finance for aircrafts, engines, helicopters and rocket/satellite projects
    •Arranged financing for JVs and other entities in Russia, Brazil, China and Taiwan
    •Supported Director of Tax in restructuring legal entities for best global tax results
    •Applied for and received US Government (AID) funding for Russian JV
    •Funded all UTC Worldwide Operations, managed cash-flow, banking and credit lines

    Manager, International Treasury Operations, Otis, Farmington CT Aug 1988 • July 1990
    •Day to day treasury operations for Americas and Asia Pacific
    •Multilateral netting for WW intercompany payments out of London Treasury Center
    •Day-to-day funding operations for Otis, a subsidiary of UTC
    •Performed inventory control, payable management, supplier financing, capital budgets and employee payroll direct deposit campaign

    Senior Financial Analyst, Asia Pacific Region, Otis, Based in Singapore Feb 1985 • Aug 1988
    •Progressive financial career development including financial analysis, treasury and full accounting function responsibilities covering Hong Kong, Taiwan, China, Australia and New Zealand entities for Otis
    •Set up of legal entities, established and trained local accounting and finance staffs, developed financial analysis, budgeting reporting and performance indicator metrics for each venture.
    •Acquisition and JV due diligence, negotiations; annual, quarterly business and financial plans
    •Tax, accounting and statutory reporting filing

    Volkswagen Audi and Porsche of America, Troy, Michigan (Rev. $3 B) Mar 1983 • Jan 1985
    •Automotive pricing supervisor responsible for competitive vehicle and option pricing,
    •Evaluation of automotive incentive promotion programs, European delivery program,
    •Hosted Shanghai JV dignitaries and Germany HQ management in the Pittsburg, PA manufacturing facilities which built the Jetta and Rabbit model.
    •Supervised two staff and one intern to produce pricing updates for dealer, distributors and MSRP
    •Member of the Marketing, Promotion and Advertising committee

    Ford Motor Company, Dearborn, Michigan (Rev. $35 B) May 1978 - Mar 1983
    •Ford Graduate Finance Leadership Training Program for two years
    •Rotated through accounting: GL, AR, AP, capital investment, budgeting, treasury, financial analysis, M&A, strategic planning areas.
    •Promoted to be Senior Financial Analyst and worked in the engineering and R&D financial review and investment review areas.
    •Assigned to be the Finance Manager with the China JV business development team for two years when Ford negotiated automotive ventures with First Auto Works in Beijing.

    Education Summary: EDUCATION AND QUALIFICATIONS
    MBA, Brigham Young University, Provo, Utah
    BS Civil Engineering (Distinction), University of Hawaii, Honolulu, Hawaii
    Other Training: Duke University Executive Cash Management Course, and Dale Carnegie Course

    ADDITIONAL INFORMATION
    Leadership Logitech Leadership Development Program Graduate, United Technologies Financial Leadership Training Graduate
    Management user of MS Office Suite, Hyperion and Oracle financial modules.

    • £150
      /hr
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