Li-Min Grace Liao
CPA
Houston,Texas
Summary
Accomplished, bilingual professional consistently recognized for achievement and performance in the financial and audit field and always promoted to positions of increased responsibility, advancing from private industry to academic environment. Excellent analyst, proven leadership, and outstanding academic credentials in accounting and business management.
Overview
31
31
years of professional experience
14
14
Years of finance manager and accountant in the private industry.
13
13
years of post-secondary education
3
3
Certificates
1
1
Language
Work History
Associate Professor
The China University of Technology, CUTe
Taipei, Taiwan
02.2016 - 07.2022
- Was Assistant Professor 2009/12-2016/01, Lecturer 1999/09-2009/11
- Courses offered during 20 years: Accounting I, Intermediate Accounting, Tax law, Sales Tax Law, Financial Statement Analysis, Working Capital Management, International Financial Management.
- Cooperated with Teaching Development Center to use Moodle platform to implement collaborative teaching with a teacher from industry sector.
- Published papers in domestic and foreign journals, books, and articles. My research theme focuses on interdisciplinary areas. Tried contributing knowledge of accounting and business management to land, environment, agricultural sustainability, and non-profit organizations' discussion.
- Constantly attended international conferences, for example, International Society for Third Sector (ISTR), invited as an academic committee member.
- Actively participated in industry-academic projects. Most representative cases focus on "Corporate Social Responsibility (CSR)."
- Assisted First Bank in building bank's history and cloud digital museum with a project that amounted to $36 million Taiwan Dollars and helped renew Land Bank's exhibition hall in Taiwan Museum. Participated in "Towards a New Horizon - Customs Museum Training and International Exchange Promotion Program" project by Taiwan Ministry of Culture.
- Obtained and acted as a co-host of Taiwan Ministry of Science and Technology academic research projects for seven consecutive years, with an average annual project amount of $1 million Taiwan Dollars. Research sustainable management of farmland resources and local recreation under National Land Plan.
- Thoroughly understand relationship between accrued basis and cash-based accounting from many years of teaching; explain accounting entry cycle with accounting equation so that students can understand it more easily.
Controller, Office of Accounting
The China University of Technology, CUTe
Taipei, Taiwan
09.1999 - 07.2022
- Left this position 2003/08-2004/06 for pursuing Ph.D.
- Supported senior-level executives at this $1.2 billion Taiwan Dollars annual income private university; prepared manuscripts and financial reports; draft executive-level documents and critical correspondence.
- Ensured school budget was well planned; recommended using High Education Deepening Plan's funding resources to lead to positive annual net profit even in downsizing era.
- Cooperated with Ministry of Education and other competent units to comply with all due diligence of regulations.
- Saved organization $50 million Taiwan Dollars in interest expenses after recommending board of trustees for inviting two banks to bid for lower interest rate.
- Assisted Information Center in revising functions of accounting budget, final accounts, and budget control systems promptly.
- Board of trustees granted paid two-year leave based on contribution when pursuing doctoral degree.
- Maintained school's financial sound situation with familiarity with laws, regulations, and economic control, despite private schools in Taiwan having faced fierce competition due to low birth rates.
- Advocate and curb amendment to Act on exemption from business value-added tax for income related to educational services.
- Explaining the definition of educational services in the Business Tax Law helped the school to resolve a penalty of 5 times the original business tax case and successfully reduced to only paying the current tax and closing the case.
Deputy Director/Finance Manager
Vishay General Semiconductor Twn Ltd
Taipei, Taiwan
12.1995 - 08.1999
- Promoted from Finance manager to Deputy Director in Jan 1997 after one year of service.
- Coordinated setting up new sales office and accounted for operation results; Oversaw accountants' receivable function, including credit and collection.
- Played a key role in developing computerized invoice and electronic data processing business tax.
- After several business trips to U.S. Head office and remote communication, I have successfully implemented a sales/revenue system in Taipei.
- Improved coordination and communications across organization to increase operational efficiency.
- Negotiated and administered vendor contracts in strict compliance with corporate policy and procedures. Had a record of 29 days due to customer prepayments while company's accountants' receivable policy is net 30 days.
Senior Financial Analyst
MBNA American Bank USA
Newark, USA
10.1992 - 07.1995
- MBNA was the world's No2 Visa and MasterCard lender, after Citicorp.
- Responsible for the accounting, reporting, and analysis of Bank income and preparation of mid-month projected and month-end internal income statements
- Developed and implemented strategies to further automate financial data and documentation to increase the accuracy and efficiency of accounting functions
- Responsible for running SQL to unload the various income information from the Bank subsystem
- Consulted with other areas of the Bank on proper accounting treatment and analysis of new products/ventures
- Interacted with Internal and External auditors to ensure the proper reporting of Bank financial data and compliance with Bank control policies.
Accountant/Junior Accountant
Contel Service Corporation
Chantilly, USA
01.1990 - 08.1992
- A listed second largest local carrier telephone company.
- Responsible for accurate recording and reporting of plant investment and reserve accounts
- Responsible for the preparation of various internal and regulatory reports
- Direct supervision of 3-4 accounting assistants, responsible for two divisions (8 companies)
- Served and conducted various training courses for mid-level executives
Internal Auditor & Credit Analyst
ABN Amsterdam-Rotterdam Bank NV
Taipei, Taiwan
06.1986 - 06.1987
- Performed 10+ reviewing loan profiles to ensure that loans were adequately processed according to headquarters' instructions.
- Produced and reviewed audit reports for submission to inspector general and advised on audit recommendations and internal controls.
- Administered auditing program to address risks and evaluate compliance with regulatory requirements.
Senior Auditor/Staff Auditor
KPMG Taiwan, Peat, Marwick, Mitchell &Co
Taipei, Taiwan
06.1983 - 06.1986
- Supervised and organized a team of 3-4 junior associates to resolve problems and achieve reporting deadlines.
- Incharged 45+ audit engagement including plan and conduct audit preparation, and serve as liaison during all audit phases.
- Reviewed and documented critical elements of the client's internal control systems and presented recommendations to management to resolve weaknesses.
- Communicate with clients and proactively seek timely feedback for improvements to maximize client satisfaction.
- Assisted clients in the preparation of financial statements, including footnote disclosures.
- Industry exposure includes SEC, manufacturing, financial institutions and trading companies.
- Promoted directly to senior auditor at KPMG Taiwan, skipped semi-senior level.
General Accountant
Concord Leasing Corporation
Taipei, Taiwan
07.1982 - 05.1983
- Assisted in maintaining a computerized accounting system.
- Prepared analysis of capital and operating lease cases.
- Gathered financial information, prepared documents and closed books.
- Gathered data on taxable income, deductibles and allowances for tax preparation.
- Partnered with auditors to track errors and add contributions to maintain accuracy.
Education
Ph.D. - Business Administration
National Taipei University
Taipei, Taiwan 09.2004 - 01.2011
M.S. - Accounting
University of Delaware
Newark, DE, USA 09.1987 - 12.1989
B.S - Accounting
National Chengchi University
Taipei, Taiwan 09.1978 - 06.1982
High school diploma -
Taipei First Girls High School
Taipei, Taiwan 09.1975 - 06.1978
Skills
Job Training
Timeline
Associate Professor
The China University of Technology, CUTe
02.2016 - 07.2022
Ph.D. - Business Administration
National Taipei University
09.2004 - 01.2011
Controller, Office of Accounting
The China University of Technology, CUTe
09.1999 - 07.2022
Deputy Director/Finance Manager
Vishay General Semiconductor Twn Ltd
12.1995 - 08.1999
Senior Financial Analyst
MBNA American Bank USA
10.1992 - 07.1995
Accountant/Junior Accountant
Contel Service Corporation
01.1990 - 08.1992
M.S. - Accounting
University of Delaware
09.1987 - 12.1989
Internal Auditor & Credit Analyst
ABN Amsterdam-Rotterdam Bank NV
06.1986 - 06.1987
Senior Auditor/Staff Auditor
KPMG Taiwan, Peat, Marwick, Mitchell &Co
06.1983 - 06.1986
General Accountant
Concord Leasing Corporation
07.1982 - 05.1983
Civil Service Junior Examination – Finance, Taiwan
12-1981
B.S - Accounting
National Chengchi University
09.1978 - 06.1982
High school diploma -
Taipei First Girls High School
09.1975 - 06.1978
Work Availability
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Certification
ACL Certified Data Analyst (ACDA), Taiwan
Quote
Every problem is a gift—without problems we would not grow.
Tony Robbins
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