Wai Sim Tien

About Wai Sim Tien

As a solutions-focused, highly analytical, and growth-driven professional, I offer…

Experience

1. Senior Inventory Control Accountant

   TORY BURCH

   Jan 2018 — Present

   Assurance of timeliness, accuracy, and completeness in performing inventory accounting and month-end close activities. Keen monitoring and analysis of inventory in-transit from factory to distribution center, and DC to retail stores; stores-to-stores transfer; and stores-to-distribution center. Maintenance of all balance sheet accounts schedule as well as preparation of supporting documentation for management and internal and external auditors in accordance with Sarbanes–Oxley Act requirements. Perform monthly inventory rolls to reconciliation of stock ledger inventory transaction to general ledger financial impact on a monthly basis. Close collaboration with the International Inventory Team in guaranteeing consistent practices. Analysis and validation of inventory cost of goods sold (COGS) and gross profit margin; assessment and adjustment of e-commerce monthly-deferred revenue and COGS entry; and entry of monthly vendor in-transit analysis and accrual Full responsibility in ensuring that SAP financial posting and SAP S4 system are balanced and in synched Hands-on management of day-to-day inventory operations, while cooperating with cross-functional counterparts in distribution centers and supply chain function to establish and uphold policies and processes and track new and existing transaction streams Assist and coordination with Retail Operation, Inventory, and Information Technology teams in administering all aspects of global mid-year and annual physical inventory as well as assistance in initiating stores cycle count project. Partnership with numerous stores with regard to inventory control matters as well as provision of assistance to external auditor on yearly audit while providing inventory schedule and documentation for testing. Monthly Analysis of Moving Average Cost by material. Monitor and analysis the variance of Inventory Sync account between WMS and SAP.

Skills

• Revenue Recognition
• Full-Charge Bookkeeping
• Accounting
• Retail Accounting
• Attention to Detail
• Variance Analysis
• Accounts Payable
• Microsoft Word
• General Ledger
• Sales Receipts
• Retail
• Hyperion Financial Reporting
• Accounts Receivable
• Depreciation
• Cash Receipts
• Financial Analysis
• Invoices
• Financial Reporting
• Rent Reconciliations
• Analysis
• Year End Reporting
• Oracle Applications
• Monthly Closes
• Time Management
• Royalty Payments
• Peachtree
• Intercompany Accounts
• Account Reconciliation
• Quickbooks
• Bookkeeping
• Full Cycle Month End Close
• Microsoft Excel
• Corporate Reports
• Auditing
• Budgets
• Financial Accounting
• Full Cycle Year End Close
• Gaap
• Bank Reconciliations