Group Internal Audit and Internal Control
GAC
Total years of experience :17 years, 7 Months
Main Responsibilities:
• Prepare the audit plan (1/3/5 year)
• Conduct risk assessment for the Group and its subsidiaries (entities)
• Establish risk-based audit programs
• Review the suitability of internal control design
• Conduct audit testing to identify reportable issues and risks
• Determine compliance with law, regulations, policies and procedures
• Prepare comprehensive and complete audit report
• Communicate findings to senior group management
• Facilitate the Corporate Academy Internal Control courses
Achievement and Contribution:
• Established the Internal Audit and Internal Control Function from the Group or Corporate Level
• Designed and launched an Internal Control Course in Corporate Academy (Training)
To plan, develop and conduct audits for various departments of EAIG and Subsidiaries to assess:
• Internal Controls
• Accuracy of financial and administrative records
• Compliance with approved policies and procedures
• Efficiency of operations
• Formalization of risk management processes and
• Ensure communication of the audit findings to the EAIG management
Main Responsibilities:
• Provide reasonable assurance that risk management, control, and governance systems are functioning as intended and will enable the organization’s objectives and goals to be met
• Execute the audit program, document important processes, identify potential control issues, loopholes and recommend risk aversion measures or cost savings opportunities
• Reports risk management issues and internal control deficiencies identified to the Management (audit committee) and provide recommendations for improving the organization’s operations, in terms of both efficient and effective performance
• Conduct follow up to ensure appropriate progress on agreed action plan
• Assist in special assignment and investigations in various role and responsibility
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
Main Responsibilities:
• Review GSPs (Global Service Participants) compliance with the Policies and Procedures, contractual agreements, defined legislation and requirements. This includes the research, recommendation and resolution of issues, coordination of key action and processes.
• Resolves issues of all levels of complexity relating to the Payables function by conducting an appropriate level of research with the GSPs and /or relevant departments to correctly identify the problem and agree to corrective actions
• Focuses on the accurate and timely verification of complex, high value, multi-country and currency GSP invoices for Delivery, Pick-up, Line haul, Claims and Miscellaneous charges.
• Controls the accurate & timely payment of the GSPs by generating & reviewing the key steps of the pay cycle processes.
Achievement and Contribution:
• Realized cost-savings which resulted from scrutinized contractual reviews.
• Mitigates the risk of legal claims in ensuring a more compliant and streamlined invoice verification as per mutual agreement (Contract) between FedEx and the GSPs
• Contributed to system development of newly improved online invoice verification tool; the CPVS (Contractor Payment Verification System). It is a web-based intra-net facing application system used to verify services rendered by GSPs at the Airway Bill (AWB) level using country-specific business rules, Operations Service Metrics (OSMs), and commercial agreements.
• Handles billing, invoicing processes for Duties & Taxes (D/T) and Freight releasing for GSP’s (Global Service Participants) in EMEA (Europe, Middle East and Africa). Accountable for D/T invoice releasing for 38 GSPs (57 countries) and assist in freight fee releasing and adjustments.
• Train and Supervise billing operation of outsourced company at India (WNS-India)
• Reconcile day’s collection from Dubai service stations and oversees daily bank deposits.
• Handles weekly and monthly invoice printing for EMEA locations and ensures that the customs support is complete upon delivery
Achievement and Contribution:
• Authored the SOP on D/T billing followed by the Outsourced company
• Lead the transition of D/T Billing processes from FedEx Middle East to contracted Outsourced company in India (WNS)
Main Responsibilities:
• Maintains individual customer accounts. Responsible for proper application of customer’s payment, process necessary adjustments and reconciliations.
• Data processing of Credit Card payments. Process the charging request from the customer and/or collection Agents.
• Customer’s Check maintenance function. Receive and summarize all checks from Mobile business, assign the proper invoice(s) where such payments need to be applied and subsequently post their payment in the system for final application. Validate customer’s returned/bounced check, seek check replacement, if not, gives recommendation and forward the file to Dunning/ Delinquent accounts.
• Conducts audit to verify accuracy of records, compliance with standards, policies and procedures in different Regional and Branch Offices of LPCI around the Philippines in accordance with audit program
• Examine and evaluate the adequacy, effectiveness and efficiency of the organization’s internal control systems and procedures.
• Recommend corrective actions to improve operations, enhance internal controls and reduce costs where possible.
Additional Tasks:
• Assess and issue Audit Clearance to resigning LPCI employees to ensure all obligations to LPCI has been closed.
• Evaluates Lapsed/Cancelled plan - Assess special cases of Lapsed/Cancelled pre-need insurance plans for Rejection/Reinstatement approval.
The Certified Fraud Examiner (CFE) credential denotes proven expertise in fraud prevention, detection and deterrence. CFEs are trained to identify the warning signs and red flags that indicate evidence of fraud and fraud risk. CFEs around the world help protect the global economy by uncovering fraud and implementing processes to prevent fraud from occurring in the first place. CFEs have a unique set of skills that are not found in any other career field or discipline; they combine knowledge of complex financial transactions with an understanding of methods, law, and how to resolve allegations of fraud.
Certified Internal Auditor® (CIA®) The CIA designation is the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field. Moreover, earning the CIA designation is more than just proof of what you know and what you've achieved — it’s the best way for auditing professionals to communicate to the world that they are prepared to meet today’s challenges. Candidates leave the program enriched with educational experience, information, and business tools that can be applied immediately in any organization or business environment. The Institute of Internal Auditors is the leading body representing internal auditors. Globally, the Institute represents more than 170,000 members in 165 countries. The Institute’s activities include the following: Providing standards, guidance and information on internal auditing best practices Providing professional development activities and certification Bringing together internal auditors to share information and experiences in internal auditing Upholding standards by undertaking quality assurance services Advocating, promoting and publicizing the profession to industry professionals, universities, government, public and private sectors. Contributing to the global profession with representation on international committees and the global board. The IIA’s Global Headquarters is located in Florida, USA.
Certified Public Accountant. An individual who has passed the uniform CPA examination administered by the Philippine Institute of Certified public Accountants, administered by Philippine Regulatory Commission; and who has received certification to practice accounting. To achieve this designation, an individual usually has to complete 5 years of education, and a certain degree of work experience. Additionally, once an individual becomes a CPA, they typically must complete a certain number of hours of continuing education each year.
The Bachelor of Science in Accountancy is a five-year degree program in the Philippines with primary focus in effective management of person's, group's, or company's financial resources including the proper ways of monitoring and documenting the flow of money or goods within the system and the applicable laws related to it. Among the courses that the students study in this program are: Fundamentals of Accounting Financial Accounting and Reporting Cost Accounting and cost Management Management Accounting/Consultancy Applied Auditing Income Taxation Business Organization and Management Business Statistics Business and Transfer Tactics Sales, Agency, Labor and Other Commercial Laws Fundamentals of Information Systems and Systems Development Microeconomics Theory and Practices Macroeconomics Theory and Practices
89 percent GPA