Senior/Chief Accountant
Chiyoda Almana Engineering LLC
Total years of experience :14 years, 0 Months
Supervise and manage all month-end close activities
Ensure that the company’s accounting policies/procedures are aligned with International Financial Reporting Standards and statutory standards
Coordinate and manage the requirements of interim and year-end financial and statutory audit
Assist the Finance & Accounting Manager in coordinating/supervising the day-to-day activities in the department
Perform complex tasks and special projects as assigned by Finance & Accounting Manager
Supervise and mentor 8 accounting analysts handling bank reconciliation of more than 500 bank accounts for Chevron group of companies
Lead the team to become process leaders and providing fiduciary oversight to the business partners
Support the team in resolving accounting issues and process exceptions to ensure team goals and objectives are met
Month-end Close Coordinator for Asia Pacific Region (Mar 2010 to present)
Ensure timely and accurate maintenance of SAP Financial (FI) and Cost Object (CO) posting periods.
Supervise Month-end close activities for Asia Pacific region consisting of 13 Chevron locations.
Provide first level accounting support to Asia Pacific locations for issues raised during month-end close.
Assist in timely escalation of system related Month-end close (MEC) issues raised by MEC Facilitators and end-users.
Facilitate Month-end close (MEC) meetings
Coordinate and work closely with other MEC stakeholders and contacts (Africa Coordinators, Regional Finance in Asia, SAP consultants, Corporate Tax Group, Treasury, and Finance Managers).
Ensure adequate coverage of MEC processes particularly critical tasks during holidays.
Material Accounting Mentor and Analyst (Feb 2009 to Feb 2010)
Provide mentoring and supervisory assistance to CABGOC’s (Cabinda Gulf Oil Co, Luanda Angola) local employees in doing their daily tasks in the area of Material Accounting
Perform process documentation in compliance with Chevron’s Operational Excellence initiative
Conduct basic excel (chart, pivot table, etc) training to local employees
Perform clean-up of Material in Transit Account to ensure open items related to system migration are investigated and adjusted
Review of monthly accounts reconciliation for Material Accounting’s owned accounts as well as analysis of Integrity Reports
Prepare analysis, schedules and documentation in making business decisions by Sponsors and Business Unit heads
Develop templates and metrics that the local employee can use in doing their account reconciliation, email correspondence with customers, and presentation of metrics during Profit Review meetings.
Coordinate and supervise month-end closing activities for Materials & Supplies Accounting Team
A subject matter expert in Mutual Product Supply Accommodation (MPSA) Accounting for Chevron Philippines. MPSA is an arrangement between or among oil companies in the Philippines particularly for Chevron, Pilipinas Shell and Petron, for their mutual benefit whereby one company extends to another, without transfer of ownership, product accommodations to address supply constraints which may result in product shortages or run-outs.
Performing periodic reconciliation and analysis of MPSA balances with counterparts. Reconciliation involves identification of reconciling items, investigation on the nature of the reconciling items and adjustment of the reconciling items on Chevron’s books.
Maintaining and securing of an industry MPSA reconciling tool known as “MPSA databank” to ensure the reliability and integrity of monthly industry reports being generated.
Preparing periodic billings to business partners for excise taxes, freight charges, thruput and terminalling, wharfage dues, auto-settlement, and interest expense recoveries all related to MPSA transactions.
Monitoring and reconciliation of several inventory accounts for refines products, excise taxes, freight, wharfage, and other landing cost accruals,
Participating in monthly Programmers’ Meeting among the companies involved in the supply accommodation aiming to determine the monthly volumes subject for auto-settlement and to resolve issues concerning the industry wide supply accommodations.
Preparation of monthly Cost of Sales Variance Analysis, Supply and Trading Reports, and Key Performance Indicators Report for Chevron Philippines for sending to Chevron Decision Support Group (DSR) in Singapore.
Monitoring of inventory stocks per plant/depot/sales offices and pseudo-locations for Chevron Philippines. There are 30 plants/depot/sales offices and 10 pseudo-plants being monitored.
Handles invoice processing for foreign suppliers, government duties and taxes, retail station lessors, and haulers for Chevron Philippines, Inc. (formerly Caltex Philippines, Inc.) using FI (Financial) and MM (Materials Management) Modules in SAP Accounting Software.
A subject matter expert (SME) in SAP -based lease contract database known as “Real Estate Module” in SAP for Asia-Pacific Chevron Companies. The specialization involves lease contract creation, contract maintenance and contract periodic payment processing.
Handles preparation and analysis of monthly SAP-based programs such as YSDRP150/YSDIP020 for monthly freight and pumping fee payments to local haulers and YSDIPTAX for yearly payment of Chevron Philippines, real estate taxes to municipal governments for the rented and owned real estate properties across the Philippines.
Planning of audit procedures and fieldwork and audit deliverables to ensure timely completion of audit engagement.
Guiding several audit staffs in the conduct of audit fieldwork by conducting periodic peer review and analyzing audit findings.
Communicating audit findings and accounting issues that may arise to the audit manager or partner.
Reviewing of the drafted financial statements and income tax computation as well as preparation of audit management letter.
Answer clients’ queries and concerns related to the engagement under audit.
Among the clients handled are as follows:
o Unioil Petroleum Philippines, Inc.
o Union Refinery Corporation
o Oilink International Corporation
o CTSI Logistics Corporation
o CTSI Holdings Inc.
o Music One Corporation
o Systra Philippines Inc.
o Systra Philippine Branch
Performing financial audit procedures such as substantive tests and internal control testing to attest the fairness of financial statements of the client being audited.
Performing other procedures as agreed upon by the client such as interim audit for Initial Public Offering, SOX testing, process review, and preparation of Reporting Packages for parent company reporting.
Preparing of year-end financial statements as well as year-end Income Tax Computation for statutory reporting.
Documenting the performed audit procedures using an audit workstation (AWS) in accordance with Ernst and Young Global Audit Methodology (GAM).
Performing inventory count observation for retailing and oil industry.
Researching for newly-adopted auditing and accounting standards as well as new statutory tax pronouncements necessary for financial statement disclosures.
Cerificate
Certificate
Graduated Cum Laude (With Honors)