1. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
EDUCATION
Seattle University, Seattle WA
Master of Business Administration (M.B.A), Accounting and Business Statistic, 2004 (Cum Laude Honor
GPA: 3.7)
Institute of Management Accountant (IMA), Seattle WA
Certified Financial Management (CFM), 2001
University of Washington, Seattle WA
Bachelor of Arts, Finance & Accounting, 1999 (Cum Laude Honor GPA: 3.69).
Recipient of Albert V. Rossi scholarship.
Strengths/ Skills
• Senior Financial professional with in-depth knowledge of Accounting applications –US GAAP
(Sarbanes Oxley), Singapore Accounting Standard (SFRS) and IFRS. Strong focus toward
preparation of statutory and management financial reporting.
• Extensive audit, risk management, and financial reporting experience with strong business strategic
and commercial acumen.
• Successfully driving Finance Transformation and Business Change in Company Policies, Budgeting,
Cost/ Expenses Control and Monitoring. Aim to apply best business practices through delivering
changes and business restructuring as warranted.
• Direct experience in the execution of Merger and Acquisition (M&A) process and life-cycle. Extensive
knowledge with regard to the M&A Financial Modeling, M&A Due Diligence, Valuation, and potential
Financing Options.
• Extensive business experience on Shared Services practices and process, including initial set up of
Shared Services functions in different locations (Philippines, India, and Indonesia).
• Energetic team leader and excellent human management skills. Successfully manage large
professional groups with different ages and backgrounds in a Multinational environment to work
collaboratively in achieving organizational objectives.
• Comfortable in high-pressure environment and successfully handle numerous demanding and multi-
tasking business requirements.
• Communicates insights to employees the view that their responsibilities are part of a broader team
effort in which each specific function must contribute to the overall benefit of the company, with a
continual focus on providing the best services to internal and external customers
Language Skills (Spoken & Written)
English – Fluent, Indonesia – Native Speaker, Chinese – Conversational
Computer Literacy
Proficient in Microsoft Office – Access, Excel, Word, SQL Code, and other Microsoft applications
Proficient in Accounting and Audit Software –Hyperion, SAP, Oracle GL, Data Warehouse.
Professional Experience
Nov 2013 – Current Director – Finance & Accounting
Chicago Bridge & Iron, Engineering/ Consultation/
Manufacturing
Oil & Gas, Singapore
Responsibilities:
• Responsible for complete financial spectrum (statutory and management) of the Singapore Company
including associated branch. Branch is located in Papua New Guinea. Major projects are located in
numerous international locations: Netherland, United Kingdom, Saudi Arabia, Singapore, and United
States. Financial results are consolidated under US GAAP.
• Oversee the financials and performance of Manufacturing plants and Engineering projects under US
GAAP and SFRS. Manufacturing plants are located in Papua New Guinea and China.
2. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
• Develop and oversee company budgeting with short term and long term forecast with key driver
toward successful implementation and control across numerous functions.
• Business Partner and advisor to Managing Director and Regional Stakeholders in setting business
strategic direction and reviewing Investment opportunities whilst resource planning for future needs.
• Driving Business Changes to transform and implement Best Business Practices to improve the
company overall process and performance.
• Perform complete financial analysis and develop Financial Modeling to evaluate and forecast
company financial performance (Projected Cash-Flow, Gross Profit Margin, Projected Earnings,
others) during tender bidding process with major clients. Financial results and recommendation are
justified and presented to Board of Director for final approval and submission
• Extensive involvement in the Acquisition Process (Pre-Acquisition) of CBI Tank division in Middle
East. Perform complete due-diligence of the Company financial performance (P&L, Balance Sheet,
Cash Flow and other key financial variables).
• Serves as Board of Director (CBI Shaw) and Corporate Secretary (CBI Singapore and CBI Australia
Joint Venture) in accordance with Bylaws and duties so defineds
Achievements:
• Successfully drives and implements Business Change and Corporate Strategy to improve
compliance, efficiency, and internal performance. Efforts resulted in significant improvement in
Corporate Internal Audit from 28 findings (Dec 2013) to 1 finding (June 2014).
• Revamp cash-flow procedures of the major projects that allow Company to obtain cash-flow positive
position. New procedure resulted in USD 5M cash-flow positive movement in the balance sheet and
significant improvement (interest savings, bank penalties, others) in our banking operations.
• Develop cost control initiatives to closely monitor the Company spending in alignment to the current
and future business projections. Internal cost initiatives result in annual savings of USD 2.5M in 2014.
Jan 2008 – Nov 2013 Regional Commercial & Finance Controller
AMEC, Business Consultation
Oil & Gas, Singapore
Responsibilities:
• Oversees complete financial spectrum of the Singapore Company including associated branches and
subsidiaries under IFRS and SFRS. Branches are located in the Middle East (Kuwait) and Eastern
Europe (Azerbaijan) with subsidiary in the United Kingdom, Spain and Papua New Guinea.
• Involve in the development of Shared Services operations in Philippines in an effort to improve
Company’s synergy and efficiency in performing Global Payroll and Mobility functions.
• Risk Management of AMEC major businesses and key clients for commercial, tax, and mobility
approach in international locations. Business advisory and solution has been successfully
implemented in 38 locations within 83 projects
• Oversee the manufacturing plant [Oil Field Equipment] and key manufacturing deliverables as part of
the Group Financial Consolidation. Work closely with Manufacturing Plant Directors to ensure
process efficiency in improving operational and financial performance.
• Fund raising through Commercial Bank to successfully obtain bilateral loans in traditional lending for
USD 5M.
• Management of Global Payroll Function with annual working capital of £109 Millions. Global payroll
manages comprehensive payroll requirements in multiple currencies from employee commencement
to annual tax payments in accordance to the Local Statutory Government Regulation.
• Oversees the company financials which include timely and accurate management and regulatory
reporting, financial planning & budgetary control, cash-flow management, taxation, and internal
control/ compliance of the company.
• Consistent business engagement, persuasion, and presentation to Group President and Senior
Directors in recommending the most appropriate business structure and pricing application to
maximize financial gains and protect against transfer pricing violations.
3. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
• Serves as AMEC Director in Singapore Board of Director and subsidiaries in accordance with Bylaws
and duties so defined
Achievements:
• Develop and implement a new Funding Model to guarantee a routine Revenue/ EBIT and ensure
consistent approach for charging all business services. Endorsement has been obtained from AMEC
Chief Operating Officer. Efforts resulted in sustainability of the company operation in the short/ long
run and support the transfer pricing requirement.
• Successful business engagement especially toward senior management of the business in global
locations. Efforts resulted in aggressive growth and expansion of the Singapore business to manage
40 additional projects within the past 5 years
• Develop the overall Commercial Mapping and Change structure to streamline and improve business
engagement with external clients from legal, tax, and local statutory government perspective. Efforts
resulted in significant reduction in the response time to the business while mitigating the company
risks in performing International commercial transactions.
• Spearhead the Global Payroll synergy from 5 separate payroll processes in different countries to one
integrated solution in Singapore. Payroll transition resulted in significant improvement in payroll
performance from 75% to 99% compliance while reducing the company operational costs by 45%.
• Develop and reorganize finance and inter-company processes across finance and payroll functions
globally within AMEC. Efforts resulted in significant improvement of audit performance, positive
operational monthly cash-flow, significant reduction in the inter-company outstanding and
reconciliation time.
Jan 2007 – Dec 2007 South Asia District Manager – Finance & Accounting
United Parcel Service, Distribution/ Supply Chain,
Singapore
Responsibilities:
• Direct and manage all aspects of finance and accounting in 8 countries (Indonesia, Singapore,
Thailand, Philippine, India, Malaysia, Australia, and New Zealand) with Country Financial Controllers.
• Extensive involvement in the M&A process to potentially acquire Distribution Company in India. One
of the key management in negotiating with local shareholders on the Pricing, Deal Structuring,
Payment Options and other key related issues.
• Experience in fund raising for UPS JV Indonesia through Bond Issuance in the Debt Market for
targeted US$50M. Close engagement with Investment Banker to develop Information Memo,
company profile, financials, company ratings and roadshow to attract potential investors in the
market.
• Develop and oversee Shared Services operation in Jakarta as the main customer service center in
Asia Pacific region.
• Oversee the performance of Manufacturing Plant for UPS trucking (located in Indonesia) to ensure
successful delivery of the KPIs
• Business advisor to the VP of Finance for continuous improvements in accounting, financial
performance, and corporate governance.
• Involve in strategic planning with top management to strive the long-term business expansion and
deliver results for the ongoing actions.
• Oversee the District internal controls based on US GAAP and SOX Requirements, monthly
management report, financial planning, budgetary controls, taxation, audit, and legal issues.
• Working with Marketing Director to oversee the compensation and benefit structures of UPS Agent
Operations in 6 countries – Bangladesh, Vietnam, Nepal, Guam, Pakistan, and Sri Lanka.
Achievements:
• Initiated District Cost-Saving initiatives that reduced District Operating Expenses by 6% in
Q1& Q2 2007. These initiatives aim to produce a total cost reduction of 12% by the end of 2007.
4. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
• Aggressively meeting UPS major clients to maintain strong and ongoing relationships. Efforts resulted
in successful negotiation in an attempt to gain additional volume sand revenue from competitors while
reducing District A/R Collection balances by 8%.
• Formulated and implemented aggressive business plan strategy to successfully achieve District
targets. The South District achieved 9 out of 10 Balance Scorecard elements in Q1 & Q2 2007.
Dec 2004 – Dec 2006 Director – Finance & Accounting
United Parcel Service (Joint Venture), Distribution/ Supply Chain,
Jakarta, Indonesia
Responsibilities:
• Responsible for the Indonesia country Finance Team in managing the full spectrum of Financial and
Accounting activities.
• Leading the Acquisition process (Asset Acquisition) of Transportation Company in Indonesia. Asset
Acquisition aims to set up UPS Customer Service function for package tracking, problem solving, and
other customer services related issues.
• Oversee the Manufacturing Plant in Bekasi, Indonesia to produce inventory and equipment for UPS
trucking across the Asia Pacific region.
• Provided in-depth financial analysis and recommended business strategies to the Board of
Commissioner to achieve country profitability on an annual basis.
• Devised the country short-term and long-term business plan strategy and closely monitored the
country financial performance and cost spending on a weekly and monthly basis.
• Liaised with external auditors, tax advisor, country legal and Board of Director to ensure compliance
with accounting standards and policies.
• Prepare timely submission of monthly financial and management reports
Achievements:
• Successfully turn around the Indonesian Joint Venture to achieve profitability and positive cash flow
in 2005 and 2006. The Indonesian country recorded highest profit in 2006 within 10 years existence
of the Joint Venture.
• Spearheaded the contract negotiation with large customers in Indonesia. Efforts resulted in additional
$2 million Gross Revenues (13% increases) in 2006.
• Initiated Country Cost-Saving initiatives that reduced the Indonesian operating expenses by 15%.
Few of these initiatives were adopted by UPS Region to be implemented in all Asian countries
• Developed new financial analysis tools and trained department managers on its use. Efforts resulted
in 8% Overtime Reduction (average 200 hours monthly) in 2006
Dec 2001 – Nov 2004 Finance Manager
United Parcel Service, Distribution/ Supply
Chain, Seattle, Washington
Responsibilities:
• Implemented Washington District business plan strategy to successfully manage $386 million annual
budget in the district.
• Ensured compliance with statutory reporting requirements, financial accounting regulations, and
assist in operation management to improve efficiency and profit margins.
• Preparation of timely financial and management reporting, budgeting & forecasting, and cash-flow
management
• Aggressively working with the senior management to assess and identify opportunities for
standardizing and simplifying process initiatives to achieve best practices.
Achievements:
• Developed complex, innovative audit approaches to meet corporate guidelines. The new approaches
had resulted in the third highest audit score (98%) in the UPS Worldwide.
• Performed in-depth analysis used to assist executives in strategic planning. Findings were
subsequently used for decision making in contract negotiations with potential customers.
5. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
Aug 2000 – Nov 2001 Supervisor – Senior Financial Analyst
United Parcel Service, Distribution/ Supply
Chain, Seattle, Washington
Responsibilities:
• Analyzed financial performance of UPS accounts and evaluated the impact of pricing method using
Traditional Method (NPV, ROA, IRR) and Value Based Measurement Method (EVA, Cash Flow)
• Ensured accurate and timely journal entries in the accounting book on a monthly basis.
Achievements:
• Successfully completed all journals and closed the book on a timely basis.
Aug 1999 – July 2000 Financial Analyst Specialist
United Parcel Service, Distribution/ Supply
Chain, Seattle, Washington
Responsibilities:
• Handled the collection and dissemination of financial data, performed profitability analysis, and
provided management reporting.
Achievements:
• Successfully performed the post-profitability analysis and writing action recommendations to the
Finance Manager
6. PHILIP HENDRY
22 Jalan Tari Piring * Singapore 799175 * 65-8382-6269 * phendry77@hotmail.com
Aug 2000 – Nov 2001 Supervisor – Senior Financial Analyst
United Parcel Service, Distribution/ Supply
Chain, Seattle, Washington
Responsibilities:
• Analyzed financial performance of UPS accounts and evaluated the impact of pricing method using
Traditional Method (NPV, ROA, IRR) and Value Based Measurement Method (EVA, Cash Flow)
• Ensured accurate and timely journal entries in the accounting book on a monthly basis.
Achievements:
• Successfully completed all journals and closed the book on a timely basis.
Aug 1999 – July 2000 Financial Analyst Specialist
United Parcel Service, Distribution/ Supply
Chain, Seattle, Washington
Responsibilities:
• Handled the collection and dissemination of financial data, performed profitability analysis, and
provided management reporting.
Achievements:
• Successfully performed the post-profitability analysis and writing action recommendations to the
Finance Manager