Chief Financial Officer, China

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Location: Shanghai, China

Main Mission

• The ideal candidate will be the overseer of the Company’s financial health, a Champion of sustainability and driver of accountability
• The candidate will be a "roll your sleeves" type of person
• Be an active participant as the Company heads to its STAR Exchange IPO
• Coordinate the relationship between the company and investors, receive investors' visits and answer investors' inquiries as well as participate in China investor conferences
• Participate in the company’s decision process as a member of the executive team
• Be a business partner to the Board of Directors of the China entity, the Sales team and the GM/President/CEO
• Ensure the integrity of financial management and reporting of financials to the Regulatory agencies, while building trust between the Company and those agencies
• Ensure efficiency and compliance in procurement, purchasing and management of local contracts
• As local and regional laws evolve, the candidate will become the Company’s navigator
• This role will be the “bridge” between Corporate in the USA to China
• Manage the Internal Control and risk assessment process of the Asian entities
• Optimize the cash management of the company
• This role must be strategic for the Company’s footprint
• This role must possess excellent communication skills

Responsibilities:

• Operations

  • Manage the Finance, Accounting and Administrative Departments of the Asian entities
  • Establish and implement the financial procedures and operational best practices for all our Asian entities
  • Provide financial and tax guidance in regards to CHINA
  • Establish the purchasing procedures & oversee their implementation as well as be involved in all contract formation & management of such local contracts
  • Oversee the financial operations of the Asian entities
  • Maintain communication with IPO listing related intermediary agencies, hold IPO meetings regularly, motivate all departments of the company to actively cooperate with intermediary agencies

• Planning

  • Assist in formulating the company's future development and tactical initiatives
  • Monitor and direct the implementation of strategic business plans for Asia
  • Develop financial and tax strategies for Asia
  • Manage the budgeting & reforecast processes, implement budget control by working with the Company’s Senior Director of FP&A in Portland – on budgets & financial planning & analysis
  • Develop performance measures that support the company's strategic direction
  • Assist in finding Governmental grants and applying for them, if applicable
  • Work with and manage the external Auditors of the Asian entities as well as have direct access to the parent company’s external auditors
  • Manage the current finance & accounting team in Shanghai and expand and re-organize as sees fit

• Financial information and Information Disclosure

  • Oversee the issuance of financial information and other disclosure documents, both to the STAR Exchange and other regulatory agencies
  • Report financial results and financial related issues to the China GM/President/CEO as well as the parent company CFO, who is located in the USA

• Cash Management

  • Monitor cash balances and cash forecasts
  • Arrange for debt financing if necessary and maintain banking relationships across all Asia

• Internal Control and Risk Management/SOX work

  • Review the management regulations and procedures of the company and basic understanding of the company's risk profile
  • Work with the VP of Finance in Portland to help you construct and monitor reliable internal control systems
  • Maintain appropriate D&O or similar insurance coverage for both the Board of Directors in Shanghai as well as the Asian facilities

• Reporting Structure

  • This position will report directly to the GM/President/CEO with a dotted line to the CFO USA
  • This position will also report to the Board of Directors in Shanghai, China
  • This position will work with key positions in Asia, including the VP of Finance in Portland
  • This position MUST attend all Sales and Staff meetings on a weekly basis
  • This position requires a team player attitude
  • This role will be inheriting a fantastic team of Accounting professionals who are key to our China & Asian growth

Requirements:

• Basic

  • University degree in finance/accounting/other related fields
  • Fluent Chinese and good English

• Professional experience and skills / Technical Knowledge

  • At least 10 years work experiences in finance/accounting
  • Big 4 Experience a plus
  • Experience in Semiconductor or Hardware industry is a plus
  • Overseas or multinational working experience is highly preferred
  • CHINA IPO experience is highly desirable

• Capabilities

  • Professional accounting & finance knowledge, familiar with China GAAP, finance & tax policies procedures & practices
  • Some US GAAP skills and technical accounting are desired
  • General understanding of managing a P&L business
  • Knowledge of ERP systems like Oracle

• Additional

  • High professional ethics & integrity
  • Good business acumen & interrelation skills
  • Strong written & communication skills
  • Strong organizational & analytical skills
  • Role will be based in Shanghai, CHINA (in the PUDONG area)
  • Some travel may be required