Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Jiyoung Chung

Gwacheon-si

Summary

Experienced Senior Accounting Professional Seasoned Senior Accounting Manager with over 20 years of experience in accounting, tax compliance, and financial process optimization. Proven ability to lead cross-functional accounting teams, manage accurate financial reporting, and ensure compliance with regulatory standards and internal controls. Skilled in enhancing operational efficiency through ERP upgrades, expense management systems and other accounting systems, while mitigating tax risks and supporting successful audit outcomes. A trusted advisor to senior leadership, delivering strategic financial and tax insights to drive informed business decisions.

Overview

26
26
years of professional experience

Work History

Senior Manager, Accounting

Blizzard Entertainment Korea
09.2019 - 10.2024
  • Responsible for Statutory and Tax compliance for external and internal requirements and ensuring of compliance with internal control system and process
  • Oversaw accounting team responsible for all accounting activities ranging from accounts payable and receivable, revenue accounting, tax accounting, to general ledger
  • Reviewed and approved journal entries and accounting reconciliation prepared by team members; conducted in-depth balance sheet reviews
  • Prepared and analyzed quarterly and annual financial statements in accordance with K-GAAP and reported to management
  • Managed external audit procedure, consistently achieving clean audit opinions
  • Supervised all CIT, VAT and WHT, BEPS filings
  • Led intercompany transaction management covering contracts, invoicing and settlement
  • Supported HQ TP team and tax advisors in the MAP/APA negotiation process, resulting in $70M+ in tax savings
  • Maintained up-to-date knowledge of tax laws and advised on potential impact on business transactions to cross functional teams
  • Drove effective and closure of tax audits through risk assessment and collaboration with tax consultants to address issues and resolve findings
  • Led multiple financial system improvement projects including Kofax and H2H implementation, Oracle R12 upgrade, and revenue accounting system development to improve work efficiency
  • Strengthened internal control by leading internal audit preparation and implementing policies (T&E policy, vendor management policy, Purchasing policy and etc.)
  • Led the transition of accounting operations to the shared service (China SSC) following Microsoft merger; Scoped tasks, delivered training, and stabilized transitioned processes

Accounting Manager, Accounting

Blizzard Entertainment Korea
04.2011 - 08.2019
  • Responsible for book closing, tax return filings, credit control and logistics operations, including customs clearance
  • Managed monthly, quarterly and annual close process under K-GAAP/US-GAAP and Non-GAAP and led end to end general accounting, including payable, receivable, revenue accounting, accruals, allocations and account reconciliations
  • Managed expense allocation across franchises in coordination with FP&A to ensure accuracy in segment reporting
  • Led credit control project, achieving a 1% reduction in bad debt ratio by collaborating with related teams to setup the credit control system.
  • Analyzed complex tax issues and provided guidance on the tax implications of business transactions to minimize potential tax risk
  • Provided timely & accurate Corporate tax provision and internal tax reporting packages with analysis
  • Participated in the development and implementation of revenue booking systems (RevStream) to apply the GAAP difference between Non-GAAP and US GAAP to improve accuracy and work efficiency
  • Developed tax compliance guidelines for software purchase transactions under tax treaties and provided guidance to mitigate potential tax risk
  • Collaborated with sales admin team and payment gate way providers to set up the simple and accurate receivable reconciliation process
  • Managed all logistics work process to import game servers /other stuff including customs clearance process.
  • Led Concur implementation project to digitize expense processing and enhance T&E policy compliance

Senior Accountant, Accounting

Blizzard Entertainment Korea
01.2007 - 03.2011
  • Responsible for book closing, tax return and inventory management
  • Performed monthly, quarterly and annual close process
  • Managed accounting for online store inventory and revenue and analyzed inventory transactions and issued inventory summary report to management for sales forecast and for reducing aged inventories
  • Provided consulting and filing services of global income tax and capital gain taxes to stock-option for the local management team
  • Prepared and filed VAT, withholding tax and CIT returns
  • Reviewed T&E claims, ensured compliance, and trained employees to reinforce internal controls.
  • Handled end-to-end asset accounting including acquisition, disposal, and annual physical audits.
  • Developed a fixed asset tracking tool in Excel and established fixed asset management policy

Senior Accountant, Accounting

Diageo Korea
01.1999 - 03.2006
  • Responsible for book closing and various tax return
  • Prepared monthly, quarterly and annual closing and managed general accounting including tax, payable, receivable, general ledger and account reconciliation.
  • Prepared financial analysis reports for HQ senior management
  • Worked on annual external audit process
  • Performed research to provide solutions to complex tax issues
  • Reviewed and processed employees’ T&E reports and invoices
  • Prepared various tax return reports of withholding tax, VAT, liquor tax return, corporate tax and local income tax
  • Participated in various financial system improvement projects, streamlining workflows and enhancing reporting accuracy, including; ERP JDE implementation and new financial reporting system set-up
  • VAT reporting system development / Cost accounting system development

Education

Bachelor’s Degree - Accounting

Dong Guk University
08.2008

Skills

  • Microsoft Excel
  • Microsoft Word
  • MS Access
  • PowerPoint
  • ORACLE
  • JD Edwards
  • Essbase Hyperion
  • Oracle Answers

Languages

Korean
English

Timeline

Senior Manager, Accounting

Blizzard Entertainment Korea
09.2019 - 10.2024

Accounting Manager, Accounting

Blizzard Entertainment Korea
04.2011 - 08.2019

Senior Accountant, Accounting

Blizzard Entertainment Korea
01.2007 - 03.2011

Senior Accountant, Accounting

Diageo Korea
01.1999 - 03.2006

Bachelor’s Degree - Accounting

Dong Guk University

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