Asst. Chief Accountant
Specialized Medical Center Hospital
مجموع سنوات الخبرة :20 years, 7 أشهر
Major Accomplishments:
• Updated existing and developed new accounting policies and procedures (special assignment by CFO). A notable one is the Fixed Assets policies and procedures that is vital to company's safeguarding of assets. It emphasized a culture of accountability over fixed assets and ensure that assets are traceable anytime. The internal controls outlined in policies and procedures prevent the company from having unnecessary losses due to improper handling of fixed assets.
• Formulated ideas with HR & IT in the development of Human Resources Management System (HRMS) to automate processing of payroll, pay orders & gov't fees.
• Closely worked with IT in the transformation of old GL accounting system to a new version.
Important Routine Tasks:
• Assists Chief Accountant on daily management roles.
• Team leader of end users and seek solution for issues encountered at daily work.
• Oversee the activities of accounting sections comprising of GL, AP, Fixed Asset, Payroll, Cash Control & Banking. Approved transactions within designated limits.
• Review accounting and reporting systems, procedures and completed assignments of other staff to ensure compliance with GAAP, IFRS & company policies & procedures.
• Maintain & monitor the fixed asset system.
• Records confidential management transactions.
• Prepares intricate financial reports for Chief Accountant and Chief Financial Officer.
• Directly reports to CFO significant FS analysis and KPI's.
• Establish or revise procedures and operating policies of assigned function; participate in the development and implementation of new or revised accounting systems.
• Interacts with external auditors during interim & year-end financial audit. Prepare schedules, files and reports needed and resolve issues to facilitate their examination procedures.
• In-charge of year-end inventory in vital areas such as inpatient pharmacy, laboratory & central store.
Major Accomplishments:
• Created the General Ledger section which controls the daily general accounting activities.
• Organized the recording of financial transactions to proper accounts and corresponding profit/cost centers. This resulted to a more accurate reports that are relevant to management decision making.
• Prepared standard and non-standard reports and analysis that brought a significant impact in company's monthly P & L statement and other management reports.
• Helped IT in the development of NORIA Fixed Asset System in coordination with Procurement and Materials Management.
• Coordinator of Accounting in all the preparation efforts for Accreditation Canada surveys.
Important Routine Tasks:
• Worked closely with the Chief Accountant in controlling payments processing system. Pre-approved payment vouchers before submitted to management.
• Monitored GL account balances and authorized the preparation of adjusting/ correcting entry.
• Prepared significant financial reports for Chief Accountant and Chief Financial Officer.
• Compiled and analyzed financial information to ensure compliance with GAAP and hospital regulations.
• Provided technical advice and services to accountants and other hospital staff with work related problems, complex issues or special projects.
• Researched and evaluated new or changed accounting principles and practices that affects the hospital's day to day operations.
• Improved the system of posting transactions by promoting accrual accounting rather than the cash basis method that was previously followed by accountants.
• Conducted investigations as authorized by Chief Accountant and corrected errors and inconsistencies in financial entries, documents and reports.
• Received compliments from CFO for a more relevant and reliable financial reports because of control procedures implemented in posting general transactions.
Important Routine Tasks:
• Journalized different financial transactions by entering in the correct accounts and corresponding profit/cost centers.
• Strictly followed GAAP in recording business transactions, contracts, memos and other monetary activities.
• Applied various accounting procedures that are generally accepted in the field.
• Prepared financial reports for Chief Accountant.
Important Routine Tasks:
• Audited all accounts, financial records and financial statements of the company.
• Reviewed the information system within the organization to pinpoint areas of improvement.
• Revised existing and added new accounting policies & procedures to strengthen internal control and accounting system.
• Prepared & certified the audited financial statements for filing taxes to government regulatory agencies and financing company for loan purposes.
• Calculated the correct taxable amount after deductibles & exemptions.
Major Accomplishments:
• Developed the company’s accounting system and implemented in the new books of year 2005 using the manual records of year 2004.
• Prepared the first automated Consolidated Financial Statements of home office and branches.
• Organized the physical inventory system conducted yearly.
• Defined job responsibilities of accounting & support staff that resulted to organized workflow.
Important Routine Tasks:
• Acted as an advisor on daily financial issues encountered by management.
• Supervised the Accounting Head and all other staff and checked the adequacy and effectiveness of financial records & reports.
• Assisted operations manager to achieve the annual sales targets through market trend analysis and pricing strategies.
• Prepared special reports on significant behavior or trends in sales, & cost budgeting.
• Interacted with the management in the development of monthly and annual operating budgets.
Monitor & check summary sheets of transactions faxed by different branches.
Journal/ system entry of different bank transactions; such as, notes deposit, notes withdrawal, check deposit, conversion of US dollar notes to Philippine peso, telegraphic transfer, demand draft, sola draft and other related transactions within the day.
Correcting wrong blocked amounts and wrong foreign bank as contra account.
Certified Public Accountant (CPA) & Certified Management Accountant (CMA) by profession