Nicolas Wai Choon

• Help SME's to make strategic decisions to guide company's growth and expansion.
• Launched new, innovative projects based on customer demand.
• Guide SME's to maintain agile, responsible organization with sustained revenue growth by monitoring industry forecasts, honing budgets and adjusting marketing strategies.
• Networked with industry leaders, cultivating mutually beneficial partnerships.

Achievements:

• Succeeded in raising funds for Mur75m from 2018 to 2022 through a solid business plan in spite of the company being at an early stage without any past turnover history.
• Implemented an in-depth planning protocol for each new project to ensure optimum efficiency of the production team.
• Revolutionized the accounting system by improving the management accounting report from 3 months to 2 days after month’s closure.
• Improved cash and business management by fragmenting the reporting system into cost categories, while creating an exhaustive cash flow management tool.
• Increased efficiency in procurement by implementing best in class practices in purchasing procedures and stock control processes.

Achievements:

• Established processes and cleared more than 15 audits operational findings within one year of employment.
• Established the finance and administrative department inside the organization by recruiting new employees, removing both the financial and administrative pressure on the head office of Medine.
• Improved the GPM by 2% in 2016 through a comprehensive expense and income review before and after each project.
• Improved the NPM by 6% in 2016 after an in-depth performance review and a cost-saving strategy approach was adopted.
• Exceeded expectations by decreasing the average debtors’ days from 180 days to 40 days.
• Outperformed 5% savings relevant to F&B direct costs and training materials by setting up and enforcing policies and methods to ensure proper governance of stock items, and appointed a stock controller to manage F&B stocks and training materials.
• Surpassed expectation by making the monthly management account available on the 5th working day instead of the 20thworking day while being done by head office.

Achievements:

• Discovered many irregularities within one month of employment reported to CFO and built up a planning with many milestones and corrected the irregularities.
• Improved the EBITDA by €1.83m within 6 months by transforming the reporting methodology to a more comprehensive one.
• Improved the efficiency of the accounting reporting system to enable company’s accounts to be consolidated.
• Built up strong business plans for banks, to finance purchase of new boats €20m.
• Succeeded to bring the half yearly management account closure to a quarterly closure to improve reactivity in decision making.

Achievements:

• Exceeded expectations by building, implementing and following up on an investment project of Mur120m in a new gas plant in Mauritius in conjunction with the Financial & Administrative Manager and director.
• Fruitfully built up a project for the recovery of lost cylinders so as to reach the factory’s optimum production capacity.
• Successfully innovated to new sales scanning system with integrated cylinder tracking. This prevented loss of gas cylinders (company’s asset) and reduced the cost of hiring part-time workers to update sales on accounting system.
• Thrived to coordinate and implement upgrades to the Accounting Software with the integration of fixed asset module and provided necessary information / training to direct reports.