Senior Accountant
Blink Experience LLC
Total years of experience :10 years, 3 Months
Month-end Close
Performs the month-end and year-end close process for the assigned entities, ensuring all necessary adjustments, accruals, reconciliations are completed accurately and in a timely manner.
Prepares and analyzes financial reports including balance sheet, income statements, and cash flow statements.
General Ledger Management and Reconciliations
Maintains the general ledger ensuring that proper books of accounts are maintained following corporate standards and statutory requirements.
Prepares journal entries and ensures the accuracy and completeness of recording of financial transactions including amortizations, accruals, and allocations.
Ensures timely and accurate reconciliation of all bank accounts, performs the reconciliations of general ledger and subledger, and intercompany reconciliations.
Payroll, AR, AP, Fixed Assets
Prepares the staff payroll and processes WPS salaries, commissions, and employee reimbursements on time.
Oversees the accounts payable to ensure smooth flow of the supply chain, monitors open invoices, reviews, and reconciles with vendor statements, and processes local and international supplier payments.
Manages the accounts receivables, issues invoices to clients, reconciles statement of accounts, and follows up for payments.
Maintains the fixed assets register and proper depreciation of assets monthly along with the journal entries.
VAT Filing
Ensures accurate preparation and timely filing of VAT returns.
Stays updated on VAT regulations and implement necessary changes.
Audit
Coordinates extensively with auditors during statutory audits, resolves queries, prepares schedules, provides necessary documentation, and supports in the preparation of financial statements.
Financial Planning, Analysis and Reporting
▪ Leads the monthly, quarterly, and yearly account closing process
▪ Ensures timely and accurate production of standard and customized financial reports for the business
▪ Coordinates with cross-functional teams to manage all the data sets for timely and accurate financial analysis and
reporting
▪ Evaluates financial performance by comparing and analyzing actual results with budgets and forecasts.
▪ Conducts balance sheet reviews on significant accounts, performs account reconciliations, and integrates related
findings and actions into financial closing and forecasting processes.
▪ Supports in regular annual budgeting and variance analysis, manages accruals and allocations, and monitors
spending to ensure it remains within budget.
▪ Ensures full compliance with accounting principles and company policies and internal controls.
▪ Prepares weekly cash flow forecasts and controls expenditure
▪ Manages accounts receivable and accounts payable, prepares aging reports, reconciles customer and supplier
accounts and coordinates with customers and suppliers for any discrepancies
▪ Prepares VAT returns and filing in FTA.
▪ Liaises extensively with auditors during year-end audit, provides audit schedules and documents, attends to
auditors’ queries, and assist in the preparation of financial statements.
Commercial Finance
▪ Prepares SKU based budget templates and consolidates budgets from all related companies for submission to
management.
▪ Consolidates latest forecasts submitted by sales team and submits to production sources
▪ Prepares monthly SKU based sales reports with variance analysis to assist management and sales team in
evaluating their performance.
▪ Monitors marketing expenses (above-the-line (ATL) and below-the-line (BTL) advertising) related to sales, ensuring
that budget is not exceeded
▪ Checks the selling prices for SKUs submitted by sales team if within the net margin and sets up selling prices and
transfer prices of products in the system and identifies any inconsistencies.
▪ Performs various ad hoc analysis, reports, and information requests as needed
Process Improvement
▪ Effectively led the automation of consolidated sales reports which significantly saved report preparation time, led
to increased data consistency, and enhanced efficiency and productivity of the sales team.
▪ Spearheaded the automation of submission of marketing invoices from sales managers that highly reduced invoice
processing time across all related companies.
▪ Directly reporting to the Finance Controller, responsible for maintaining an efficient and accurate finance function by
ensuring accuracy in the records and booking of transactions.
▪ Ensured accurate and timely completion of month-end and year-end closing tasks.
▪ Prepared management sales reports and various accounting reports within timelines.
▪ Handled day to day accounting operations, updating of bank overview and cash flow forecast.
▪ Responsible for proper and complete booking of sales transactions, expenses and other journal posting.
▪ Prepared monthly bank reconciliation statement and ensures reconciling items are cleared on a timely basis.
▪ Performed balance sheet and income statement account reconciliations including web shop sales reconciliation.
▪ Accounted the POS transactions of multiple branches and performs weekly POS reconciliation.
▪ Monitored expenses, processes local and international supplier payments, prepares and issues cheques after
obtaining management approval.
▪ Handled the payment of the DEWA, internet, telephone, and other utility bills in time to avoid the fines.
▪ Liaised with suppliers, review outstanding invoices and supplier ageing with prompt resolution of queries
▪ Coordinated with consignment partners and clients for balance reconciliation, sends consignment sales reports,
ensures timely invoicing, follow up for payments, monitor and review of outstanding invoices.
▪ Handled yearly statutory audit and prepares audit schedules and documents.
▪ Performed other related duties as required.
Key Contributions:
Prepared and facilitated the release of the financial statements of the company’s affiliates, Mt. Kitanglad Agricultural Development Corp. (MKADC) and Wao Development Corp. (WDC) which was already pending for a year and helped avoid further penalties.
Reconciled the bank accounts of MKADC and WDC which were unmonitored for almost a year.
Reduced 30% of the long aged receivables through persistent following up of customers and constant monitoring the receivables account.
Established standardized balance sheet reports and schedules which greatly helped the division to receive a positive feedback during the Balance Sheet Review conducted by Corporate.
Responsibilities:
Month-End Close Process Execution
Prepared standard journal entries with proper account codes and subsidiary ledgers.
Ensured all accruals, amortizations and period close journal entries are prepared accurately and on a timely manner.
Worked with Shared Service Finance Team to resolve accounting discrepancies and implement process improvements around the period-end close process.
Ensured all financial closing timelines are met.
Ensured overall processing integrity and accuracy.
Prepared period-end reports for submission to Corporate.
Schedules and Reconciliation
Prepared bank reconciliations for local and foreign currency bank accounts
Prepared schedules and reconciliation to support balance sheet positions.
Understood the nature of transactions in the reconciliations and investigate irregularities.
Recorded reconciling entries resulting from reconciliation.
Inter-Company and International Billings
Checked that inter-company billings are valid and well supported
Challenged billings that are incorrect, invalid or not adequately supported
Recorded billings to correct business and object account codes.
Confirmed and reconciled intercompany balances monthly.
Compliance
Prepared schedules for audit, tax and other statutory purpose.
Collaborated extensively with auditors during preliminary and year-end audit.
Prepared financial statements and ensured compliance with reporting standards.
Assisted with SOX compliance.
Ensured timely and accurate filing of documentary stamp tax, withholding tax, fringe benefit tax, final income taxes withheld.
Complied all requirements for claiming of VAT refund.
Balance Sheet Review, Analysis and Estimates
Gathered balance sheet schedules from process-owners and zone point persons, performed review of all the accounts, identified issues, proposed adjustments and reclassifications to proper accounts.
Spearheaded the periodic Balance Sheet Review with the Finance Director and Accounting Manager as part of internal control to assess and mitigate balance sheet risk, develops corrective action plans where needed, and follows through the areas of concern within the review
Analyzed significant movements against prior month or prior quarter actual balances and forecast.
Prepared balance sheet estimates and evaluates any possible financial risk.
Ad Hoc Support and Requests
Performed other analysis as required by the business.
Participated in finance projects as the business requires.
Updated the finance manager and peers on relevant information in a timely manner.
Responded to co-worker’s needs and requests.
Assisted on other accounting/internal controls work as required by the business.
Associate, December 2013 to September 2014
Conducted comprehensive financial audits of various companies under the supervision of a more experienced staff.
Obtained a thorough understanding of the client’s business processes and assessed inherent risks.
Tested the design and effectiveness of the client’s internal controls and provided recommendations.
Performed substantive procedures for balance sheet and income statement accounts.
Completed analytical procedures to detect unusual financial statement relationships.
Identified and communicated accounting and auditing matters to seniors and managers.
Delivered well-organized working papers and reports.
Prepared management representation letter with comments and recommendations and drafted audit reports for management review.
Utilized audit software (GAMx) and adhered to compliance with testing tools.
Loan Staff to Philippines American (PhilAm) Life and General Insurance Company, October to December 2014
Assisted in the operations of Strategic Sourcing and Finance Innovation Department.
Verified validity of invoices for payment processing and checked completeness of attachments.
Established the expense accrual worksheet and consolidated the authorized approving authorities for all departments in PhilAm.
Experienced Associate (under Asia Pacific Talent Hub), January to July 2015
Performed detailed audit procedures for various Australian companies.
Handled financial statements review of over 20 companies.
Worked closely with the onshore counterpart to ensure that all audit requirements and working papers are in order.
Proactively contributed to audit team creating a positive work environment through knowledge sharing, team collaboration and problem solving.
Graduated as Cum Laude