Chief Accountant - Treasury Head
Chalhoub Group
Total years of experience :29 years, 11 Months
Being the chief accountant of the Treasury department, my primary roles are the following:
Leading the treasury department of its day to day duties and responsibilities.
Daily monitoring of bank balances and update of cash position reports.
Checking of the monthly bank reconciliation statements.
Checking of the weekly cash position reports.
Regular coordination with banks on bank account transactions and queries, facilities and other bank requirements. Coordination with the Group Treasury of the fund requirements if any and forex requirements and deals.
Preparation of monthly financial statements (TB/TDB) of the companies under my portfolio (SEPHORA Middle East FZE and Traveller Limited).
Coordination with the joint venture company's finance team (including preparations of schedules as required) assigned.
Preparation, revision and uploading of budgets.
Coordination with financial analysts on cash flow projection reports.
Handling of other reporting requirements of different business units.
Monthly submission of cash projection reports required by Group Administration Department.
Coordination with the payroll department for the funding requirements of the payroll for the FZE companies handled.
Performs and implement the monthly and year end closing procedures for the companies being assigned and handled.
Checking of the reconciliation of subsidiary ledgers against the GL accounts.
Preparation of schedules and reconciliations being requested by the auditors.
Preparation of draft of audited financial statements and the lead schedules.
Follow up of confirmation replies from banks, debtors, creditors and related parties.
Coordination with both internal and external auditors for audit requirements such as of test counts of inventory, performance of roll-forward/ backward analysis and verification of stock variances, if any.
Coordination of fixed asset annual inventory.
Assists the auditors during their field work (sampling procedures, substantive tests).
Checking of the petty cash replenishments.
As an accountant, my main job responsibilities includes the handling of companies bank transactions such as the preparation of letter of credits (LC) applications to several banks where the company is maintaining accounts; monitoring of letter of credits maturity dates, claims made by suppliers and preparation of corresponding trust receipts, preparation of shipping guarantee applications, transacting with the bank officer with regard to LC’s . Preparation of LC drafts, communications, sending the same to suppliers for their review and approval. Preparation and issuance of invoices to customers, monitoring of customer accounts, updating of payments of customers to the systems, preparation and updating and monitoring of cash expenses. Do other tasks being assigned from time to time
As internal auditor, it is my responsibility to check all invoices, receipts, journal entries, ledgers, computations and financial reports made by accountants for each of the companies.
I also do walk trough audits of system generated reports and make corresponding requests to the development team with regard to findings of system errors in reporting generation.
Assist in the finalization of audited financial statements of the companies for the previous year.
Acts as reliever to accountants who are availing of their annual vacation leave. Do other tasks being assigned from time to time
• As the accounting manager, I am primarily responsible in planning, directing, coordinating, managing & controlling all activities relating to the systematic gathering, accumulation, recording and summarizing of accurate financial data and information resulting from the business operations of the company into meaningful reports that assist management in making relevant decisions.
• Main responsibilities includes reporting to the Vice President and the President the result of operations of the company and its financial status on a quarterly basis.
• Ensures that the company has complied with all the government agencies remittance and reportorial requirements such as the SSS, Pag-ibig, Philhealth and BIR (VAT and Withholding taxes).
• Checks the accuracy of all-financial reports and accounting documents.
• Ensures that the company has complied with the generally accepted accounting principles.
• Responsible in the preparation and analysis of the financial statements of the company on a monthly basis with emphasis on the cash position and status of payments.
• Consolidates departments' budget for the year and come up with the companies budget and projections for the incoming year.
• Performs variance analysis of actual operating results versus budgeted income and expenses.
• Coordination with government agency such us the Bureau of Internal Revenue for all the tax requirements and compliance of the company.
• Coordinates and communicates with the independent auditors regarding year-end physical count of inventories and year-end company audit.
• Attends meetings with independent auditors and management committee.
• Checks, reviews, and certifies the accuracy of the check vouchers, journal vouchers, and other accounting or financial records and transactions prepared by the bookkeepers.
• Responsible in reporting to the management the financial status and other financial information needed by company's management committee.
• Analyze company's financial performance.
• Communicates and reports with various principals from U.S.A., Australia and other parts of the world with regard to royalty statements, remittances and other queries pertaining to royalties of their properties.
• Prepares budget projections for all business (Philippines, and Asia).
• Communicates and coordinates with the respective department heads for the result of budget versus their actual performance of their respective departments.
• Handles and communicates with all licensees regarding their accounts, contracts status, royalty dues and royalties computation.
• Coordinates with the bank in behalf of the company of monetary transactions.
• Interprets employees appraisal report result for financial considerations.
• Oversee finance personnel for the timely submission of all the government, SSS and Pag-ibig and BIR (VAT, Withholding taxes and ITR) reportorial requirements.
• Attends to employee's queries and complaints with company policy and procedures.
• Responsible in the checking, review and evaluation of the accuracy of monthly financial reports such as income statement, cash flow analysis and balance sheet.
• Handles payroll of confidential and rank and file employees.
• Checks, reviews and certifies the accuracy of check voucher, journal voucher and cash vouchers, general ledgers and others as prepared by the bookkeeper.
• Attends the management committee meeting for the financial status reporting.
• Reports directly to the owners for the weekly and monthly funding requirements based on bank reconciliation made.
• Consolidates and audits project studies and business plans of the company on a per area basis for pay tv coverage.
• Acts as company representative of finance with the banks and National Telecommunications Commission.
· Adept in landed cost computation, contribution margin computations and cost accounting of imported materials for local trading.
· Handles inventory control and coordination with independent auditors for the year end physical counting.
· Handles accounts receivable and customers subsidiary ledgers.
· Handles the general books of accounts from general journal preparation up to the finalization and closing of books of accounts.
· Communicates and coordinates with head office in London with regard to payments and receivables of the international funds.
· Handles bank reconciliation and coordination with bank with regard to money placements and remittances from head office ICI London.
Experienced in the fields of cost accounting, financial and general accounting
• Experienced in all fields of accounting such cost accounting and contribution margin analysis and computations, budgeting and forecasting, general and financial accounting.
• As accounting supervisor responsibilities includes the checking of sales invoice summary versus reports, journal vouchers, accounts payable vouchers, voucher payable adjustments and cost sheets prepared by staff.
• Prepares financial statements for franchise division.
• As Budget accountant functions includes the gathering of data and information for the costing and contribution margin computation purposes per product, summarizing and consolidating of per section and departmental actual expenses for the year and compares as against budget.
• As cost accountant responsibility includes timely submission of cost sheets and contribution margin computations on a per product basis.
• Prepare report for product margin, costing report and manufacturing variance analysis report, including identification of causes.
• As financial accountant responsibility includes the recording, summarizing and reconciliation of accounts assigned such as fixed assets and advances to employees.
• As accounts payable accountant responsibility includes the time recording of deliveries made by suppliers and see to it that check payments are prepared before the due date of accounts.
Special course on labor relations.
Graduated as Cum Laude.