Rogelio Bulalacao, Sr. Finance Executive

Rogelio Bulalacao

Sr. Finance Executive

CONSOLIDATED GULF COMPANY

Location
Philippines
Education
Bachelor's degree, Accounting
Experience
30 years, 5 months

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Work Experience

Total years of experience :30 years, 5 months

Sr. Finance Executive at CONSOLIDATED GULF COMPANY
  • Qatar
  • My current job since January 2015

Large_Telecom_Networking Solution Projects

Project Accountant at Head Office
  • Egypt
  • October 2010 to December 2010

Responsible for overall Finance and Accounting aspect of the projects
Process all project requirements with regards to Finance matters
Coordinate, process and submit on time to client monthly project invoicing
Forecast monthly collections against receivables and follow up collections against due invoices
Reconciliations of accounts with clients, subcontractors and vendors
Overall project management responsibility for ensuring effective and efficient operation of administration and financial/accounting functions for the project side of the business
Check and analyze monthly actual cost against budget-Bill of Quantities (BOQ) and report any abnormal amount to rectify the same immediately
Develops and produces monthly financial documents and forecasts including summaries/analyses
Establish end of month management reporting and ensures adequate formal and informal reporting to the Project Manager
Analyze and interpret financial aspect of contract and actively participate in the formulation of contract administration
Ensures invoicing/claims to clients is conducted on a timely manner and in accordance with the terms and conditions of the contracts
Coordinate with internal & external customers, customs clearing agents and representatives, freight forwarders to ensure timely delivery of all materials and continuous work of all personnel at the project site
Process Advance Payment Bank Guarantee, Performance Bank Guarantee, and LC payment to the bank by submitting all necessary documents required in accordance with the terms and conditions of contracts
Ensures all statutory obligations are met on time and providing a prompt & reliable report by ensuring accurate flow of information
Validation of company payments following Project Manager approval
Conducts any other tasks assigned by Project Manager and Finance Manager
Basic Responsibilities:
Sending request for quotations to local & international suppliers, prepares cost evaluation sheet and issue corresponding purchase orders.
Follow up materials delivery, make sure materials are delivered on time to avoid cost of idle time for manpower and project deliverables schedules.
Managing, controlling, monitoring orders, deliveries and shipments in advance to keep the operations flowing smoothly and maintaining a sufficient and accurate level of inventory stock to ensure continued operations and avoid shortages of inventory all the time
Responsible for communicating with Project/Construction Manager on all aspects of project inventory purchasing/stock levels, storage locations and ensuring stocks record are regularly updated. Report shortages/overages and all inventory levels monthly for replenishment
Prior to arrival of material at site, advance notices shall be given to Project/Construction Manager to allocate storage and unloading location to avoid delay and demurrage on vendors transport.
Materials received shall always be checked to see whether it conforms with Packing Lists, Shipping and Invoicing Instructions issued to suppliers/vendors by

Project Accountant at NIGERDOCK NIGERIA PLC- FZE (APAPA
  • Nigeria
  • June 2009 to June 2010

Timely and accurate reporting / forecasting of the financial performance of projects
Maintain the Project budget / forecast from handover from Business Acquisition through to close-out
Monitor and evaluate project expenditure to determine trends and the requirement for the implementation of recovery measures
Ongoing determination of job profitability and forecasts
Preparation of project cash flows
Preparation of accurate monthly Project management review reports
Preparation of ad hoc internal and client reports as necessary
Assist the Project Controls Specialist with evaluating the economical impact of changes / variations in the Scope of Work
Establish interdependence with Project WBS, Plan and Budget Forecast
Follow-up reimbursable time-sheets
Assist in the compilation of manpower reports
Issuance of client invoices
Month end closing entries
Inter-company transactions
Determination of monthly percent complete profit recognition
Assist Accounts Payable in obtaining approval of 3rd party invoices
Prepares project budget and cost to complete in coordination with the project manager.
Maintain project file of all financial documentation e.g. invoices, change orders, bank guarantees, project contract agreement etc. using the project accounting log.
Review all cost charged to the project on a monthly basis to ensure accuracy of data.
Provides input to the monthly revenue and cost accrual worksheets.
Ensures all billings are correctly prepared and submitted on a timely manner.
Perform any other duties as requested by management that may be required from time to time.


PROJECT UNDERTAKEN:

USAN FABRICATION OF STRUCTURAL COMPONENTS (FPSO)
CLIENT : HYUNDAI HEAVY INDUSTRIES (HHI)
Contract Amount : USD: 58, 450, 672.00
Duration : 18 months


OFON PHASE 2 PROJECT - FABRICATION OF UPPER STRUCTURES (6 DECKS)
CLIENT : HYUNDAI HEAVY INDUSTRIES (HHI)
Contract Amount : USD: 9, 170, 000.00
Duration : 10 months


CITRAMEGAH KARYA GEMILANG (CKG)

Finance Representative at Head Office
  • Egypt
  • February 2004 to May 2009

Primarily responsible in giving an accurate and timely reports on all aspects of project financial information.
Assist in the preparation of project budget with the project manager and project control engineer.
Ensure all billings are correctly prepared and submitted in a timely manner.
Updating/Reconstruction of Invoice Status Report-from beginning of the project. Obtain copies of all invoices submitted to client and their related collections. This includes downpayment received from client and their related recoupment.
Monitor and expedite client payments
Review all costs charged to the project on a monthly basis to ensure accuracy of data reported
Review Profit and Loss Statement monthly with project management and highlight any areas of concern
Maintain project daily cash position.
Perform monthly bank reconciliation
Maintain subsidiary ledger of all suppliers and subcontractors and schedule payments in coordination with the project manager
Review existing procedures and processes and recommend enhancements and improvements in coordination with

Sr. Project Accountant at SKI CONSTRUCTION GROUP INC. (Formerly Summa Kumagai)
  • October 1998 to January 2009

Responsible for the preparation of financial statements (Balance Sheet, Income Statement and Statement of Cash Flows).
Ensures that all financial statements and reports are prepared timely to maximize the useful of the reports. Reviews all the financial statements and highlight to the Assignment Manager any abnormalities contained in the reports so that appropriate action can be taken to rectify the situation.
Provide analysis and interpretation of financial statement/data (variance and ratio analysis).
Assist Management in implementation of new finance/admin/accounting policies and procedures in the project sites. Appraise and make recommendation for improvements of existing procedures to increase the efficiency and effectiveness of the finance operations and management.
Supervision and training of staff as well as job allocation within each section of the Department namely payroll, payables, receivables, general accounting/reporting, fixed assets management and project administration.
Ensures all invoices are prepared correctly as per the terms and condition of the contract.
Examines and verifies accounts payable and check disbursement vouchers. Check validity of supporting documents and accuracy of accounting entries.
Verifies validity of request for operational cash advance and reviews it’s eventual liquidation.
Performs reconciliation of account with suppliers, related party and others to confirm accuracy of figures.
Assists concerned department in the preparation of project budget and assists the Project Manager in the formulation of the entire project budget.
Conduct review of various accounting reports and books of original entry (Flash Income Statement/Balance Sheet of Projects & Journal Vouchers)
Ensures adherence to accounting systems control and procedures in various areas (general ledger, accounts payable, payroll).
Provides schedules and assistance in conjunction with annual audit.
Coordinates with Engineering and operations on issues with accounting impact (evaluated project contract accomplishment, status of subcontract work account, reconciliation of recorded figures vs. Engineering records).
Supervising and overseeing human resources/warehouse/accounting project personnel.
Check validity of petty cash expenses, petty cash fund balance.
Prepares schedules of advances to supplier/subcon against accounts payable.
Develop an appropriate filing system for all accounting records and other documents to facilitate retrieval.
Perform other duties that may be assigned from time to time.
PROJECTS UNDERTAKEN:
CLIENT : ANCHOR LAND HOLDINGS, INC.
Name of Project : MAYFAIR CONDOMINIUM TOWER
Contract Amount : PHP 268, 000, 000.00

Project at GENIALS-SKI-SPI JOINT VENTURE
  • May 2004 to July 2006

Contract Amount : PHP 264, 000, 000.00

at LOPEZ GROUP OF COMPANIES
  • July 2001 to June 2003

of Project : MARC 2000 TOWER PROJECT
Contract Amount : PHP 250, 000, 000.00

at BASF
  • United Arab Emirates
  • April 1999 to June 2001

CLIENT :

Property Accountant
  • January 1998 to October 1998

Maintains custody of all books of account including related documents and records.
Record transactions in the books of original entry, subsidiary ledgers and general ledgers. Such recordings should be done correctly and in a timely manner.
Prepares financial statements, related reports and account schedules, and submits these report on a timely basis.
Prepares and submits budget performance reports and variance analysis schedules. Provides explanation to the Board of Directors, if necessary.
Prepares monthly bank reconciliation statement.
Reconciles general ledger against subsidiary ledger.
Process payments to suppliers, contractors, and other payables, and schedules such payments together with daily cash position report.
Assists Property Manager (PM) in the preparation of the annual property budget for submission to the Board of Directors.
Reviews and coordinates the work of staff assistant in the:
a. Preparation of billing and monitoring of accounts receivables.
b. Collection of accounts (OR issuance) and cash deposits.
c. Preparation of purchase orders and issuance of supplies
Handles and coordinates governmental requirements covering registration of books, securing permits and licenses, filing of returns, VAT remittances, EWT, Philhealth, HDMF and SSS contributions.
Provides and coordinates requirements for annual external audit works.
Accomplish the accounting control and compliance checklist on a monthly basis and discuss status with Prop. Mgr. and Corp. Deputy Controller.
Prepares and submits weekly property expenses.
Coordinates immediately with PM and Corp. Deputy Controller any problem or concerns regarding property accounting.
Conduct physical inventories of supplies, equipment and prepares corresponding book reconciliation.
Assists PM in implementing activities which have internal control implication other than accounting related. These include among others, security gate pass, key control, supplies requisition, insurance compliance, and expense control.
Handles other related works that may be assigned from time to time..

Technical Assistant at MAG TECHNOLOGY CO. LTD. (TAIWAN)
  • September 1995 to December 1997

Received and check incoming materials from supplies. Check accuracy of amount per invoice against actual deliveries.
Issue and supply materials to production department.
Maintain stock card for each materials and check materials balance from time to time.
Prepare monthly inventory list and balance with corresponding amount.
Issue request form for materials to be purchased.

General Accountant at PHILIPPINE ANIMATION STUDIO, INC
  • June 1994 to August 1995

Handles all books of account.
Records all transactions in the books of original entry and analyze all accounts to ensure proper recording of transactions.
Prepares monthly trial balance, financial statements together with supporting schedules and submit these reports on a timely basis.
Process payments to suppliers, contractors and other payables and provides corresponding accounting entries.
Ensures completeness and validity of all supporting documents for payment thru check/draft/telegraphic transfer direct withdrawals.
Ensures that all supporting documents shall be stamped PAID” dated and cross referred with the check number, check voucher number and amount.
Prepares daily cash position report
Analyze and maintain separate files for the following charges:
Building Rental
Salaries and apartment rental of foreing employees
Life Insurance and Health Care
Security and Janitorial
Legal Audit Fees
Other major commissaries
Prepares accrual of monthly factory overhead, direct labor administration expenses.
Amortization of prepaid insurance, pre-operating expenses, deferred charges and other prepaid expenses.
Analyze monthly balance of subsidiary ledger of receivables & payables.
Prepares monthly schedules of various accounts
Other related works that may be assigned from time to time

Accounting Staff at TOYOTA CUBAO, INC
  • October 1990 to May 1994

Records daily cash receipts in the cash receipts books.
Provides journal entry for each collection.
Matches official receipts with subsidiary ledgers of receivables and supporting documents like sales invoice for vehicles, parts, accessories, repair orders and cash advance to determine corresponding credits in the cash receipt books.
Coordinates with credit and collection all transactions pertaining to charge accounts to ensure accurate recording of credit payments.
Prepares monthly schedule of charge accounts and reconcile with credit and collection department.
Post transaction to subsidiary ledgers and prepares the following schedules:
Advances to Officers & Employees
Accounts Receivable/Payable Trade
Other Receivables/Payables
Records daily cash/charge sales of parts & service department.. Compare daily sales report to parts & service department & look for any discrepancy in amount.. Update inventory pricing of parts.
Prepares monthly cash flow statement.

Accounting Clerk at MARKET DEVELOPERS, INC
  • July 1989 to September 1990

Prepares accounts payable vouchers including corresponding journal entries.
Check accuracy and validity of supporting documents
Issue debit and credit memo to Customer
Prepares schedules of advances to Officers & Employees account.
Maintain complete files for check vouchers, folders of each suppliers.

Owner at Hamad Medical Corporation
  • India
  • to
Project at Doh
  • United Arab Emirates
  • to

EPIC for PAGA, CCTV & Talkback in various On-Shore
Gas Operation Plants and NFA Off-Shore Flatform
Owner : Qatar Pertroelum
Duration : 30 months
Project Name : EPIC for Ras Laffan Emergency and Safety College Project
(RLESC)
Owner : Qatar Petroleum
Main Contractor : SEG Qatar

Education

Bachelor's degree, Accounting
  • at University of the East – CaloocanCaloocan High School
  • March 1989

Member of Students Accounting Society and get on the Job Training for 300 hours.

High school or equivalent,
  • at ELEMENTARYElementary School
  • March 1985

Specialties & Skills

Purchasing
Preparation
Payments
Registration
ACCOUNTANCY
ACCOUNTING
ACCOUNTING SYSTEMS
ACCOUNTS PAYABLE
ACCRUALS
BALANCE
BANK RECONCILIATION
BUDGETING
CUSTOMER RELATIONS
EQUILIBRIO