Owner/Proprietor
LaMia Pasticceria
Total years of experience :21 years, 9 months
Responsible for the Financial aspect of the business which include:
- Promotion of business through social media marketing efforts and talking to potential customers
- Market study and identification of growth drivers
- Sourcing of funds
- Cash flow management
- Financial records maintenance
- Preparation of budgets
• Contributed to the successful completion of the company's Debt Restructuring in 2012.
• Assisted in selling investments in publicly traded equity securities and funds which generated the best value for the company.
• Reviewed periodic financial reports of a subsidiary operating a hotel in Bahrain and advised the management on its accuracy as well as providing insights on the subsidiaries position and results of operation.
• Administered the Treasury Function of the company and other subsidiaries.
• Maintained relationship with the Company's banks.
• Prepared IFRS compliant annual financial statements both standalone and at consolidated level.
• Assisted the Internal and External Auditors during the entire course of interim and annual audit reviews.
• Prepared monthly management reports with detailed explanation on the nature of periodic changes and analysis on variances between actual and budgeted figures.
• Prepared quarterly and annual budget based on historical expense run rate and, operating unit's revenue target and expenditure plan.
• Carried out necessary accounting procedures and monitoring of various company investments (i.e. subsidiaries, associates, available for sale assets, fair value through profit and loss & financial instruments) and borrowings from inception up to maturity/disposal.
• Liaised with the Company's Analysts and investments contacts in order to obtain valuations and information necessary to effectively account and monitor changes in investments value.
• Carried out preparation and submission of accurate Prudential Returns for DFSA regulated entities and ensured that regulatory requirements are otherwise met at all times.
• Ensured that closing of book of accounts (Accounts Payable, Accounts Receivable, Fixed Assets and General Leger Modules) and reconciliations are carried out by the team on a timely manner in accordance with the set policies on periodic closing activities.
• Checked completeness and veracity of supporting documentations including calculations before any Invoice or claims are paid.
• Consistently worked on finding ways to improve/streamline processes in the accounts department in accordance with best practices.
• Handled administrative & control functions for the regulated entities.
* Top Performer Awardee for the Year 2003
• Generated accurate and timely financial statements and other financial reports required by the management, business units, government agencies and regulatory bodies, through effective work planning and constant coordination with other accounting staffs involved in the financial statements preparation process.
• Comprehensively analyzed on a monthly, quarterly and annual basis, the Agency's financial condition and financial performance, highlighting variances against targeted results and versus prior years performance level and prepared the necessary report for perusal of the Senior Vice President for Financial Services.
• Regularly recorded in the general ledger necessary journal vouchers (adjustments) for accounts such as, receivables, payables, financial instruments, investment properties, foreign currency transactions, inventory and, properties and equipment.
• Monitored the accuracy of the computation of employee's tax on compensation and ensured that the Agency's payroll policies and practices are aligned to the applicable Bureau of Internal Revenue's rules and regulations on compensation.
• Maintained an up-to-date lapsing schedule of the Agency's properties and equipment and constantly coordinated with the Physical Resource Department to ensure the accuracy of records.
• Worked with the Treasury Department in studying the accounting treatment and analyzing the impact in the Agency's financial figures the results of; sale of investment, investment shifts and, hedging activities.
• Implemented the Agency's adoption of applicable International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS); and, ascertained compliance with the applicable Rules and Regulations of the Bangko Sentral ng Pilipinas, Commission on Audit and the Bureau of Internal Revenue.
• Acted as the assistant team leader in the automation of the Agency's Financial Information System.
• Conducted an understanding of clients business and audit of clients' controls in order to measure the extent of audit engagement.
• Conducted audit on specific balance sheet and income statement accounts of clients in the manufacturing industry, insurance services and charitable institution.
• Assisted in the preparation of clients' financial statements and income tax returns
Completed Bachelor of Science Major in Accountancy and graduated in the Dean's Lister group (students with the highest marks in the batch).