Summary
Overview
Work History
Education
Personal Information
Awards
Timeline
Generic
Hyung Kwon Cho

Hyung Kwon Cho

Seoul

Summary

A total of +9 years of SAP, Duzon, Tableau, AX09, Concur (expense claim system) user experience U.S. CPA (Passed AICPA examination) Bilingual language fluency in Korean and in English Work experience as a FP&A specialist and an accountant in a multinational company Won FP&A excellence award for 3 consecutive years (2021/2022/2023) in the APEC region since joining A. Menarini Korea Ltd Winner of (Sales) Forecast Accuracy award in 2021 Winner of 23 Regional CFO Award For Being One Team (FP&A and Accounting) Deputy of CFO during the vacant periods (i.e. Budget presentation to Regional office with GM) Knowledge and understanding of GAAP and IFRS Achievement of actual-budget variance of 3.4% thanks to my proactive attitude and close communication with various departments Generation of Finance Dashboard that covers major financial KPIs including financial trends and ratios Computer proficiency in Microsoft Office (MS Word, MS Excel, MS Power point) Majored in Business Administration (Bachelor)

Overview

11
11
years of professional experience

Work History

Financial Planning Manager

A. Menarini Korea Ltd.
06.2023 - Current
  • Took the ownership for budget, projects, process improvement, closing and business planning (during the year/following year/5 years plan)
  • Champion of (monthly) performance calls
  • Prepared for monthly S&OP (Sales and operations) meeting on a monthly basis
  • Took initiatives and implemented/streamlined/simplified S&OP processes during the intensive planning seasons as a core member of Regional Finance project
  • Analyzed and evaluated potential investments and business case with both short and long-term focus (10 yrs.)
  • Furnished weekly sales forecast report and submitted to Regional Office
  • Identified issues and risks, provided recommended solutions and participated in implementation
  • Analyzed & reconciled the variance of monthly performance vs
  • Forecast and Budget
  • Monitoring, controlling of Marketing costs & OPEX spending by function
  • Responsible for Headcount reporting on a monthly basis
  • Performed margin analysis by product and customer
  • Provided financial analysis in various aspects to management team for decision making
  • Follow up on every ad hoc requirements from APAC region / Business unit in a timely manner.

Sr. Financial Planner

A. Menarini Korea Ltd.
10.2020 - 05.2023
  • Took the ownership for budget, projects, process improvement, closing and business planning (during the year/following year/5 years plan)
  • Champion of (monthly) performance calls
  • Prepared for monthly S&OP (Sales and operations) meeting on a monthly basis and report on time
  • Took initiatives and implemented/streamlined/simplified S&OP processes during the intensive planning seasons as a core member of Regional Finance project
  • Analyzed and evaluated potential investments and business case with both short and long-term focus (10 yrs.)
  • Identified issues and risks, provided recommended solutions and participated in implementation
  • Analyzed & reconciled the variance of monthly performance vs
  • Forecast and Budget
  • Provided financial analysis in various aspects to management team for decision making
  • Monitored and controlled spending of A&M, OPEX by function
  • Follow up on every ad hoc requirements from APAC region / Business unit in a timely manner.

FP&A Senior Analyst

Delivery Hero Korea
02.2018 - 07.2020
  • Budgeting (Yearly/Monthly)
  • Smooth communication with relevant departments and on-the-job level of knowledge in departmental budget via in-depth study of unit economics
  • Actual vs
  • Budget variance of less than 5% for departments-in-charge (95~99% estimation accuracy – 1Q 2020)
  • Setting up of approval process for adjustment of budget and understand the drivers causing the variance between actual vs
  • Budget and suggest recommendations and take corrective actions when necessary
  • Forecasting
  • Order estimation (accuracy 90~95%)
  • Considered various variables including promotion hours, dates, amount, weather, sports events and special occasions
  • Flash report (= P&L estimation during the month)
  • Played advisory role for several departments in charge that is in accordance with accounting guidelines and treatments
  • Best estimation (= Rolling forecast)
  • P&L estimation for the entire year; that is, from the following month until the end of the year
  • Actual vs
  • Estimation variance of less than 5% (3.4%) in 2019
  • Analysis (+ financial modeling)
  • P&L analysis and simulation upon creation of a new entity
  • Simulation of P&L breakdown based on actual booking following the anticipated segregation of an entity into 3 segments
  • (Actual) Budget management status presentation
  • Analysis of quarterly budget management status and presentation
  • Reporting
  • FTE (Full-time Equivalents) & HC (Headcount)
  • KPI (Key Performance Indicators) – major financial KPIs such as GMV, orders, Average order value
  • Monthly comment (reporting to HQ)
  • Clarification on the Actual vs
  • Budget variance of all KPI, P&L, B/S items exceeding 5% including CAPEX, lease payments, cash position etc
  • Finance Dashboard
  • A visualized presentation of major financial KPIs using Google data studios free of charge
  • Gross Merchandising Value (GMV), Orders, Revenue, Operating Income (=EBITDA), Take rate %
  • Mainly comprises revenue breakdown (by type), top 5 costs with visual aids such as charts and graphs
  • Makes it easier for viewers to compare actuals with budget and the detailed composition of revenues and costs
  • Communication with HQ
  • Main contact point for all reporting/budget related tasks
  • Responsible for providing comments on inquiries from HQ regarding reporting/budget-related matters
  • In charge of internal administration/communication of a reporting tool (Lucanet) - creation and deactivation of all accounts
  • Others
  • Cost center/Headcount management
  • Sharing of a file containing cost center, headcount and functional area information with relevant departments for alignment purpose in accordance with stipulated guidelines from HQ
  • P&L mapping and GL account creation in the reporting tool
  • Analysis of management P&L pursuant to its structural change and sharing with various stakeholders
  • Generation of numerous reports (KPI related)
  • In cooperation with Data department using Google big query and tableau reports
  • Payment KPI report: Used by Treasury team for Cash flow forecast, by FP&A team for estimation of PG Fee
  • Order/User/Restaurant KPI reports: Used for KPI reporting to HQ
  • Online payment KPI: Used to calculate online payment ratio out of all (touch) orders.

Junior Finance Controller

Pierre Fabre Dermo-Cosmetic Korea
02.2016 - 02.2018
  • Prepare monthly sales forecast and rolling expenses
  • Monitoring Company Purchase Processes and Expense Claim procedures
  • Contract review and sign-off & documentation
  • Management of corporate credit card (including credit card limit)
  • Concur expense program deployment
  • Days-Inventory-Outstanding (DIO) calculation & analysis
  • Regular/ad-hoc, Payroll, Purchase, Intercompany payments
  • Maintain Bank statement
  • Monthly reporting and Cash flow forecast
  • Issuance of (output) sales tax invoices
  • Prepared AICPA (U.S
  • CPA) examination and passed on March 22, 2017.

AP Accountant

Walt Disney Company Korea
02.2016 - 02.2018
  • Prepare monthly sales forecast and rolling expenses
  • Monitoring Company Purchase Processes and Expense Claim procedures
  • Contract review and sign-off & documentation
  • Management of corporate credit card (including credit card limit)
  • Concur expense program deployment
  • Days-Inventory-Outstanding (DIO) calculation & analysis
  • Regular/ad-hoc, Payroll, Purchase, Intercompany payments
  • Maintain Bank statement
  • Monthly reporting and Cash flow forecast
  • Issuance of (output) sales tax invoices
  • Prepared AICPA (U.S
  • CPA) examination and passed on March 22, 2017.

Jr. Accountant

Mercedes-Benz Financial Services Korea
03.2014 - 01.2016
  • Accounting
  • A/P supporter
  • Supported monthly closing process through the journalizing and posting of journal entries for various A/P accounts and preparation of account reconciliations
  • Prepared vouchers and journal entries for monthly closing
  • In charge of bank reconciliation of A/P accounts (including reconciliation of cash balance)
  • Periodic review of expenses and payments (General expenses)
  • Reconcile A/P accounts with supporting data/documents and take corrective actions for the discrepancies identified
  • Vendor master maintenance
  • A/P accounts open item clearing
  • Responsible for recording of fixed asset acquisitions
  • Monthly funding track summary report (to Senior management)
  • Treasury
  • Implementation and communication of a new payment process
  • A back-up of treasury department (tasks related to payment)
  • Internal Audit
  • Supported documentation of Internal Control System (ICS) during a corporate audit
  • Others
  • Great communication skills with ability to communicate and draw co-operation from diverse departments as demonstrated by nomination of “star of the month” at Mercedes-Benz Financial Services Korea (awarded for displaying the character trait of “integrity”)
  • Management of corporate credit cards.

AP Accountant

Mercedes-Benz Financial Services Korea
03.2014 - 01.2016
  • Accounting
  • A/P supporter
  • Supported monthly closing process through the journalizing and posting of journal entries for various A/P accounts and preparation of account reconciliations
  • Prepared vouchers and journal entries for monthly closing
  • In charge of bank reconciliation of A/P accounts (including reconciliation of cash balance)
  • Periodic review of expenses and payments (General expenses)
  • Reconcile A/P accounts with supporting data/documents and take corrective actions for the discrepancies identified
  • Vendor master maintenance
  • A/P accounts open item clearing
  • Responsible for recording of fixed asset acquisitions
  • Monthly funding track summary report (to Senior management)
  • Treasury
  • Implementation and communication of a new payment process
  • A back-up of treasury department (tasks related to payment)
  • Internal Audit
  • Supported documentation of Internal Control System (ICS) during a corporate audit
  • Others
  • Great communication skills with ability to communicate and draw co-operation from diverse departments as demonstrated by nomination of “star of the month” at Mercedes-Benz Financial Services Korea (awarded for displaying the character trait of “integrity”)
  • Management of corporate credit cards.

Education

Bachelor of Arts - Business Administration

Chung-Ang University
02.2014

Administrative Studies, Accounting stream

York University
Toronto, Ontario
05.2011

High school Diploma - undefined

Thornlea Secondary School
Thornhill, Ontario
02.2008

Personal Information

Title: Financial Planning & Analysis Manager

Awards

  • Won FP&A Excellence Awards for 3 consecutive years (2021/2022/2023) in the APEC region for timely/high standards of reporting and quality commentaries.
  • Won “Star of the month” at Mercedes-Benz Financial Services Korea as the first person to be awarded among young employees (second of ALL employees)
  • Graduated from Chung-Ang University, with a certificate of excellence (GPA of over 4.0 (4.05 out of 4.5))
  • Received an Entrance Scholarship at York University
  • Obtained black belt in Taekwondo (3-Dan)

Timeline

Financial Planning Manager

A. Menarini Korea Ltd.
06.2023 - Current

Sr. Financial Planner

A. Menarini Korea Ltd.
10.2020 - 05.2023

FP&A Senior Analyst

Delivery Hero Korea
02.2018 - 07.2020

Junior Finance Controller

Pierre Fabre Dermo-Cosmetic Korea
02.2016 - 02.2018

AP Accountant

Walt Disney Company Korea
02.2016 - 02.2018

Jr. Accountant

Mercedes-Benz Financial Services Korea
03.2014 - 01.2016

AP Accountant

Mercedes-Benz Financial Services Korea
03.2014 - 01.2016

Bachelor of Arts - Business Administration

Chung-Ang University

Administrative Studies, Accounting stream

York University

High school Diploma - undefined

Thornlea Secondary School

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Hyung Kwon Cho