General Accounting Manager
Almarai Company
Total years of experience :25 years, 9 Months
> ensures timely and accurate accounting of assets and liabilities of the company
> maintains book of accounts of the company by adhering to the highest financial accounting standards and accounting policies of the company and IFRS
> ensures strict adherence to internal control procedure in the area of general accounting
> coordinates with all divisions in receiving and providing the information requirements on a timely basis
> facilitates the reporting team by providing the information required in the preparation of the financial statements
> identifies areas which need to be automated in coordination with BSD and trains staff for the smooth transition from manual to automated process
> liaises with internal/external auditors and other divisions and provides information to facilitate timely completion of statutory audits
> reviews the accuracy of the consolidated audit files
> reviews fixed assets movement summary, bank reconciliations and revaluations
> approves float advances, expense claims and float returns
> provides finance clearance for terminated employee final payments
Responsibilities:
·responsible for the direction, administration, and control of all general accounting activities and functions.
·ensures that adequate and accurate records are maintained for all assets, liabilities and financial transactions.
·checks and signs daily general ledger, proof sheet of sales invoices, official receipts, accounts payable and journal voucher.
·pre-audits and reviews all company disbursements and receipts.
·edits daily general ledger proof sheet for control purposes.
·prepares, reviews and analyzes monthly financial package (balance sheet, income statement, financial ratios and cash flow statement).
·responsible in the preparation, remittances and compliance of all government reportorial requirements (quarterly and annually corporate income tax return, monthly and quarterly vat returns, expanded withholding tax, business permit and corporate residence tax).
·handles administrative functions.
Responsibilities:
Financial Accounting:
·prepares financial statements & accompanying schedules & other financial reports to management.
·prepares aging reports for management & follows up collection of accounts.
·prepares monthly reconciliation of intercompany & other ledger accounts.
·prepares journal entries for various accounting transactions.
·monitors budget status of expenses.
·maintains subsidiary ledgers for receivable and payable accounts.
·maintains the books of accounts.
·prepares financial budgets, forecasts and analysis.
Treasury Accounting:
·monitors cash balance and placements.
·prepares monthly bank reconciliation.
·processes invoices for payment.
·handles disbursement functions.
·prepares daily cash position report.
·prepares payroll of employees.
Tax/Statutory Accounting:
·handles renewal of business licensing permits.
·ensures proper filing/application of requirements of all government & other regulating agencies.
·ensures timely remittances of withholding taxes, SSS, Philhealth & Pag-ibig contributions.
·handles tax audit.
Asset Accounting:
·accounts for physical inventory, custody & recording of all assets of the company.
·secures insurance of company assets as needed.
·maintains subsidiary ledgers of CAPEX accounts.
Administrative Accounting:
·handles & replenishes petty cash.
·handles safekeeping/filing of all financial records, business permits & other pertinent documents.
·conducts surprise cash counts of daily collections, marketing fund & petty cash fund.
·approves promissory notes of students.
Responsibilities:
·ensures effective and objective implementation of internal control measures.
·conduct a continuous review and evaluation of the internal control procedures to determine its effectiveness and areas for modifications.
·do operations audit to ensure compliance with established policies & procedures.
·performs test of transactions or balances thru vouching, inquiries, ocular inspections, cash counts, reconciliations & analyses, etc.
·monitor compliance with company policies & procedures.
·review systems & procedures, identify weaknesses & related risks, & formulate recommendations to address said risks.
·document audit evidence.
·draft audit reports, certifications & other correspondences.
·monitor compliance with audit recommendations.
·assess company’s internal control.
Responsibilities:
·prepares monthly tax report of clients.
·prepares audited financial statements of clients.
·conducts tax audit & due diligence audit of clients.
Responsibilities:
·strictly monitors official receipts issued to sales counselors to ensure payment of planholders are credited on the branch records.
·conducts surprise cash counts.
·reviews work of accounting staff in the preparation of checks.
·check posting of payments to subsidiary ledgers.
·implements company policies.
Passed the STI Accountant's Training which was held last January 11-12, 2002 with a grade point average of 85%.
Passed the Civil Service Professional Examination with a grade point average of 80%.