Juliet Sumakote CPA, Trade Settlement Accountant

Juliet Sumakote CPA

Trade Settlement Accountant

Petrochina International (Middle East) Company Ltd

Location
United Arab Emirates - Dubai
Education
Bachelor's degree, Accountancy
Experience
18 years, 1 Months

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Work Experience

Total years of experience :18 years, 1 Months

Trade Settlement Accountant at Petrochina International (Middle East) Company Ltd
  • United Arab Emirates - Dubai
  • My current job since October 2019

•Examines import/export/standby documents against letter of credit requirements in accordance with the Uniform Customs & Practice for Documentary Credits and other policies to determine compliance
•Issue, amend and pay standby LCs, commercial LCs and documentary collections according to industry standards
• Handle Letter of Credit negotiation and documents submission to bank
• Records independent assessment of documents
• Ensure client needs are met and/or exceeded within established SLA
• Liaise with counterparties for price computation and Import & Export LC issuance. • Issuance of Invoice
• Liaise with Operations for trade/shipment supporting documents and update into system.
• Review trade contracts and maintain updated information in trade system
• Provide payment and collection information to Treasury for funding arrangement.
• Deliver accurate trade information to Accounts for monthly closing such as Inventory Reconciliation and Settlement Pnl Report.
• Handle account receivable and account payable for physical products Trading and direct operating expense, including posting of entries in SAP.
• Any other duties as assigned

FP&A Analyst at Fieldcore Service Solution
  • United Arab Emirates - Dubai
  • November 2017 to October 2019

• Collect, analyze and organize data appropriately by anticipating the internal client’s expectations
• Ensure planning cycle and reporting requirements deadlines are met by facilitating and coordinating efforts across multiple internal customers
• Drive operating forecasts and track/ measure conformity to Operating Plan
• Conduct variance analysis/ operational correspondence in a timely fashion to stay current
• Drive Annual Operating Plan and periodic updated estimates
• Perform project analysis related to estimates/ actuals and status of UBS/ Inventory and Accounts Receivable
• Perform monthly/ quarterly closing activities (balance sheet/ P&L analysis, cost and revenue accruals)
• Conduct Sales Tool reviews with Operating team; work in conjunction with other FP&A staff to ensure its accuracy; automate processes where possible
• Facilitate Bench/ Training Cost Analysis; publish trends and work with assignment teams to control non-productive labor cost
• Utilize the appropriate IT systems and tools to complete tasks; implement automated methods of reporting and data collection where manual processes currently exist
• Perform ad-hoc analysis (including, but not limited to, productivity checks; employee and contractor hours worked; missing POs; T&L and other Bullet Train spend trending)

Financial Analyst at General Electric
  • United Arab Emirates - Dubai
  • March 2017 to October 2017

• Investigate low margin projects and offer recommendations to management to improve profitability.
• Work with other functional areas to drive process improvements and streamline operations via value stream mapping and rapid improvement events.
• Perform analysis and reporting in the areas of cost performance, variance analysis, monthly business reviews, and cost risk assessment and annual plan.
• Provide forecasting of business results and track against these forecasts during the month.
• Assist general ledger staff in preparation of month end cost accruals to ensure proper matching of costs and revenues.
• Gather, analyze, prepare, and summarize reports and recommendations for management.
• Assist management with the preparation and development of job cost worksheets to maximize project profitability.
• Provide support for the strategic and operations planning process.
• Liaise with business leaders to collect or coordinate data requests.

General Accountant at Palmjet Aviation Services Llc
  • United Arab Emirates - Dubai
  • April 2016 to February 2017

General Accountant responsible for the ff: - Bank Reconciliation, Cash Flow Management and Budgeting - Invoicing and Costing - Debt Chasing and Collection - Customer Query Handling - Vendor Payments - Payroll (6FTE) - Reconciliation of Intercompany Accounts - Preparation of Financial Statements

Account Management Specialist at Shell Business Shared Services
  • Philippines
  • November 2014 to February 2016

Identify root causes, trouble shoot, find resolutions and drive closure of issues escalated by the Analysts and counterparties.
Ensure metrics (Invoice Overdue, Queries, SOA) are achieved. Assist the Team Manager in reviewing information available and work with TM to drive analysts.
Ensure timely and effective escalation of issues.
Identify process improvement opportunities and provide support or lead for successful implementation of projects.
Conduct sharing of knowledge among the team, cross teams and cross centre.
Primary responsible for training of staff and maintaining Knowledge Management documents for the team evergreen.
Lead the analysts in ensuring Intra Group accounting activities for monthly reconciliations and quarterly reporting are performed within closing timeline.
Assist the Team Manager in managing performance through data collection and analysis, peer-coaching and monitoring of agreed actions.

Account Management Analyst at Shell Business Shared Services
  • Philippines
  • February 2011 to October 2014

•The Accounts Receivable Analyst will be responsible for end-to-end account management (overdue, reconciliation, queries and monthly & quarterly reporting activities.

•The role will be performing Intra Group activities for monthly reconciliation and quarterly balance confirmations.

•Pre-close and final reconciliation of all Intra Group AP balances to statements received from trading partners.

•Continuous monitoring of Intra Group balances and resolving within timeline

•Perform balance sheet review and following up on outstanding open items

•Cash application and processing of refunds.

Accounts Receivable
  • February 2011 to October 2011

will be responsible for end-to-end account management (overdue, reconciliation, queries and monthly & quarterly reporting activities.

The role will be performing Intra Group activities for monthly reconciliation and quarterly balance confirmations.

Pre-close and final reconciliation of all Intra Group AP balances to statements received from trading partners.

Continuous monitoring of Intra Group balances and resolving within timeline

Perform balance sheet review and following up on outstanding open items

Cash application and processing of refunds.

Administrator at Ericsson Telecommunications Inc
  • April 2009 to February 2011

Handle a supplier invoice according to the Sourcing Process and specific Local Company deviations.
Prepare & run Payment Proposal.
Monitor & Clean AP GL Accounts.
Prepare material requested from external auditors.
Take initiative for escalating issues to the relevant instances and demanding improvements of relevant tools, routines and processes in order to work most efficiently.
Execute assigned SOX key controls according to work instruction.
Strives for that financial data in ERP system is correct according to external financial requirements as well as Ericsson internal accounting directives and instructions.

Admin at Centiforce Instruments Pte Ltd
  • May 2008 to November 2008

Accounting and Book keeping
- BIR, SSS, Phil Health Processing
- Shipments and Logistics
- Payments and receivables
- HR

Accounting Assistant at Pacsports Phils. , Inc
  • March 2007 to May 2008

In charge for issuance of Official receipts and is accountable in securing daily cash & check collections for deposit.
Responsible for monitoring daily sales & its corresponding deposits slips of own outlets. Prepare a Weekly Sales Report for the purpose of monitoring Outlet Deposits.
Reconcile monthly credit card sales against bank payment and Outlet Invoices.
Preparation of Check Voucher for transactions pertaining to cash advances of employees, Liquidation & Reimbursement of expenses, Sales Commission of Staff and last salary &Clearance of Contractual Sales Assistant.
Monthly preparation of payroll breakdown and Staff Allowances.
Reconcile Advances O/E for Inventory Discrepancy and ensure proper charging to employees.
Encode & Validate Journal Voucher on a monthly basis.
Secure green copies of Official Receipts to be intact & filled,
Assists Supervisor for any Queries regarding Bank Deposit, and prepare other reports requested by Superior.

Accounting Clerk at Terramedic Inc
  • November 2005 to March 2007

Receives and check monthly collection remittances reports official receipts and deposits slips transmitted by the collectors from different areas.
Encodes Official Receipts using Exact Software.
Conduct audit while encoding Official Receipts. (error finding such as late deposits, shortages and incorrect amount)
Communicates with the collectors of different areas if there are some concerns.
Receives and confirm CIS with purchase orders.
Encoding CIS in the Exact Software.
Prepares sales invoices using the company software system.
File all important documents such as CIS, purchase orders, and the invoices accounting copy

Education

Bachelor's degree, Accountancy
  • at San Pedro College of Business Administration
  • March 2005

Specialties & Skills

Accounts Payable
Managed Accounts
Accounts Receivable
Account Reconciliation
Finance
ACCOUNT MANAGEMENT
ACCOUNTANCY
AP STYLE
CLOSING
COACHING
DATA COLLECTION
PROCESS ENGINEERING
REPORTS

Languages

English
Expert
Tagalog
Expert

Training and Certifications

Certified Public Accountant (Certificate)
Date Attended:
April 2018