Fernando Tayag IV

Achieved 2018 Best Support Department Employee Award - Internal Audit for contributions in process developments, risk management, and assistance to entities in the Abu Issa Group in adoption of new International Financial Reporting Standards.

*Conducted business process review by identifying significant risk areas in financial reporting and
compliance, and tax management;
* Directed development of finance standard operating procedures based on results of business
process review by providing management understanding of significant risks affecting financial
reporting process and by guiding management on appropriate responses to the risks identified;
and,
* Collaborated roll out of financial reporting and tax compliance procedures by providing guidance
on implementing changes to current operating procedures.

Significant Achievements:
• Achieved Excellence Core Value Award of Sinochem Philippines for 2015 and 2016;
• Collaborated with SAP Business One Team for development of company’s system requirements by providing business process support and proposed improvements for financial information capture and reporting;
• Collaborated with HEC (Expense Management System) Team development for company’s system requirements by providing business process and control flows support, testing system for compliance with internal policies and alignment to external regulatory requirements;
• Managed Year 2011 P360 million tax assessment case by handling communication with tax auditors, and developing analyses and justifications of accounts and practices under inquiry;
• Developed and directed tax management policies and procedures by identifying tax risk exposures and developing responses tailored to company operations;
• Formulated budgeting procedures and templates aligned to top management’s strategic objective and considering external reporting requirements and internal policies into design of budgeting flow; and,
• Headed revision of company policies and procedures of general and administrative expense management, promotional expense management, fixed asset administration, and financial reporting and compliance policies by aligning external regulatory requirements, and incorporating risk responses to areas with unaddressed high risk exposures.
• Managed team of 3 analysts to handle revenue and cost accounting of P1 billion gross revenue operations.
• Performed analysis for special projects and business models for business proposals and growth plans
• Built models to evaluate contract and agreements for cost saving initiatives.

Responsibilities and functions include:
• Manages conduct of control self-assessment of procedures for financial reporting and tax compliance processes; and,
• Assists in continuous review of business processes for improvements and revision and preparation of company policies and procedures.
• Reviews risk management procedures for company’s tax compliance programs and activities; and,
• Supervises and coordinates tasks, activities, outputs and performance evaluation of Accounts Receivables staff and Accounts Payable staff;
• Performs review of preparation of monthly, quarterly and annual financial statements in compliance with generally accepted accounting principles;
• Monitors compliance to external regulatory requirements, and tax compliance policies and regulation;
• Coordinate with internal and external auditors for coordination of audit activities and process owner activities.

Handled the instruction of Advanced Accounting and CPA Review classes

*Directed compliance audit engagements involving audit of non-profit organizations involving
grants from the United States Agency for International Development (USAID);
* Led and managed complex audit assignments.
Responsibilities and functions include:
* Obtains knowledge of client’s business and industry, government regulations affecting client,
accounting systems and processes for purpose of tailoring appropriate audit procedures;
* Performs business and accounting process review focused on evaluation of effectiveness and
the efficiency of internal controls and corporate governance with respect to financial reporting
process;
* Identifies and resolve potential audit issues, communicates to team and client’s management, and
provides technical accounting advice and assistance;
* Communicates to client results of audit engagements and provides constructive suggestions to
improve existing internal control systems;
* Assists in preparation of auditor’s report, client’s financial statements, income tax returns, and
relates schedules required by regulatory agencies applicable to client’s company; and,
* Directly responsible for supervision, review, and management of audit staff in executing specific
audit procedures.