WadizFinancial Accounting Team, responsible for transparent accounting

May 30, 2023 | Job Interview, Team Wadiz

Which team Wadizis most at home with numbers?
Here’s a hint: They meticulously analyze Wadizpast, present, and future to improve profitability. They’re building a trustworthy accounting system.
The Financial Accounting Team plays a pivotal role in Wadiz accounting—today and every day. We sat down with them!

 

Hello, could you please introduce yourself?

Oh Young-seok: Hello. I’m Oh Young-seok, and I’m in charge of the finance department Wadiz. I joined Wadizin September 2021. I discovered Wadizwhile searching for a more dynamic environment and an opportunity to do the work I wanted to do. I was drawn to the company’s vision of growth fueled by a spirit of challenge, and that’s why I joined. I’m still growing myself! 

Wooseomi: Hello. I’m Wooseomi, and I lead the Accounting Team. I joined Wadizlast September, and it’s already been eight months. Working Wadizhas given me the confidence that I can handle any new challenge that comes my way! After all, in the working world, there’s always something new to learn and new tasks to tackle. Looking back on this time, I realize how much I’ve grown 😊

 

Please tell us about your current role and team!

Oh Young-seok: I work in the Finance Division, an independent unit within the Financial Accounting Team. My responsibilities include managing the company-wide budget, optimizing the cost structure, overseeing company-wide performance metrics, analyzing the performance of each business division, and identifying areas for improvement while proposing solutions. I also derive insights through management analysis of specific issues and play a role in supporting executive decision-making.

When significant events occur—such as entering new business areas or pursuing collaborations with other companies—we conduct profitability analyses and strive to maximize utility relative to costs. Furthermore, we handle support functions to ensure the achievement of “financial gains.” In short, our department prioritizes mutual cooperation to understand the diverse perspectives of our team members and foster optimal synergy, all with the goal of maximizing efficiency and deriving valuable insights.

Woo Seo-mi: The Accounting Team is involved in every stage of Wadizservice planning and in recording all transactions that occur as customers use our services. Our core responsibilities include preparing financial statements through monthly closing procedures and generating monthly and quarterly profit and loss reports.

When Wadiz launches a new service, I also identify potential accounting issues in advance, review the relevant business processes, and set things up so that these considerations are incorporated into the financial closing process. Wadizundergoes an external audit once a year, and I provide detailed explanations regarding the items requested by the accounting firm, as well as prepare and review the necessary financial documents.

The biggest project we’re currently working on is the company-wide implementation of our next-generation ERP*. The entire Accounting Team is set to join the project’s task force, and I’m really looking forward to seeing how much our team will grow through this ERP implementation experience! 😉 The Accounting Team is always working hard to move forward, putting our heads together to find efficient processes for our work.

*ERP (Enterprise Resource Planning): Enterprise Resource Planning

Financial Accounting Team

 

How did you come to join Wadiz?

Oh Young-seok: I used to handle financing and disclosure duties at a public corporation. After returning to work following my graduate studies, I wanted to take on more challenging roles in the financial sector. However, opportunities were scarce, and I felt my career growth was hitting a wall. I began searching for a place where I could do the work I wanted to do while also taking on new challenges, and I decided to join Wadiz because of its vision and spirit of challenge spirit, and the opportunity to expand my expertise in finance.

Woo Seo-mi: Before joining Wadiz, I worked at a major financial institution. Given the nature of the accounting team—which had to handle quarterly disclosures and external audits—I reached a point where I was rethinking my career amidst the repetitive nature of the work. I happened to receive an offer to join Wadiz, the keywordreally stood out to me. We create a world where anyone can take on a challenge.”Wadizvision gave me the courage to take on a new challenge.

 

What are the most important skills and experience required for this role?

Woo Seo-mi: I believe the most important competencies area “willingness to learn,” “flexibility in the face of change, and “collaboration skills.”Since accounting and tax are specialized fields, you might think they involve a lot of working alone. However, communication and collaboration skills are surprisingly crucial. Let me give you an example of a new business model. Clear communication with other departments allows us to gain a deep understanding of new business initiatives. Through communication, we can organically harmonize workflows across departments and receive necessary information in real time. Thanks to this process, we can devise accurate and efficient accounting procedures.

Wadiz, as long as you have an open mind and a desire to learn, there are plenty of opportunities to gain experience in a variety of roles. This means you can take on new challenges and work independently, regardless of your level of experience. You can build your accounting knowledge and practical experience right Wadiz! I’ll be right here to actively support you every step of the way.

 

Do you have any ongoing projects or any projects that stand out in your memory?

Oh Young-seok: Since the second half of last year, as the importance of improving profitability has grown, the proportion of my work dedicated to profitability analysis has also increased. I continue to analyze the cost-benefit ratios of company-wide contribution margin management, as well as newly introduced solutions and new business models we are entering.

In particular, when introducing new solutions, we conduct both qualitative analyses—such as the extent of improvements in operational efficiency—and quantitative analyses—such as whether any existing solutions will be replaced, how much costs will be reduced, and what the future cost structure will look like. Since these analyses are ongoing and will continue in the future, this is the first thing that comes to mind!

Financial Accounting Team

 

Do you have any personal convictions or principles that you always try to uphold at work?

Oh Young-seok: To upholdthefifth ofthe five principles—“We pursue financial gains”—requires extensive analysis and cost management. Assessing economic impact demands sophisticated logic and precision. I carry out my work by meticulously checking every single number and analysis result to ensure there are no errors in the figures or logic. While errors are occasionally found, I constantly strive to minimize them.

And, as with any job, I’m working diligently to meet all deadlines. 🙂

Woo Seo-mi: I really value Jin-gook’s work philosophy: “Never work without a ‘why.’” I especially appreciate that I have plenty of opportunities to understand Wadizgoals and business model and set my own direction for my work. My teammates always listen carefully to my ideas—which are grounded in a clear “why”—and actively incorporate them into our work.

There’s a real difference in my performance depending on whether I’m working with a clear understanding of how my tasks contribute to Wadizsuccess. Even with tasks I’ve been doing for a while, just a little thought can help me streamline them and use my work time more productively.

Financial Accounting Team

 

What kind of new colleagues would you like to work with in the future?  If you have any “personal tips for joiningWadiz” to share with those interestedWadiz, please let us know!

Oh Young-seok: I’m looking for someone who can work together with a “Let’s go!” spirit and enjoy collaborating! Ideally, this would be someone who can create positive synergy by helping each other overcome our respective weaknesses as we tackle a variety of tasks.

If I had to give you one piece of advice for applying, it would be to clearly convey your passion and willingness to take on new challenges! Wadiz and Accounting Team combines expertise in specific fields with a variety of other responsibilities. While experience is important, a passion for taking on new challenges is even more crucial. If you possess both of these qualities, please apply right away!

Woo Seo-mi: I’d love to work with colleagues who can inspire and motivate each other! Given the nature of startups, we tend to have a lot of experienced hires like Jin-gook*. Everyone brings a wealth of expertise from their past experiences. It would be great if we could learn from each other, brainstorm together, and tackle our work as a team!

*Jinguk: A term referring to Wadiz

 


The Finance and Accounting Team Wadizrapidly growing Wadizis looking for people who want to take on the challenge of an IPO and make a significant mark on their careers!
The Finance and Accounting Team is currently hiring 👀

▶ Click here for the Financial Accounting Specialist job posting
Click here for the Financial Planning Specialist job posting

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May the roles and appeal of my projects on Wadiz reach a wide audience. Let’s keep moving forward today as well!