Romel Fernandez, CPA, CIA

SCOPE OF WORK:
Formulating and implementing Internal Audit strategies
Developing periodic review and update of Risk Based Audit Plans
Implementing efficient and effective Audit Programs
Identifying, analyzing, evaluating, and recording sufficient information to achieve Engagement Objectives
Conducting Risk Assessments to identify risks and mitigate the same
Timely and accurate Reporting
Conducting Special Examinations and Investigations

SIGNIFICANT ACCOMPLISHMENTS:
Pioneered the establishment of Internal Audit Department and drafted the Internal Audit Manual for Avalon
Conducted various audit engagements to various departments of the company and recommended necessary internal controls and improvements as result of the audit
Reviewed various manuals duly requested by the CFO/Admin Manager.

SCOPE OF WORK:
Financial/Management Reporting and Analysis - individual and consolidated FS of 2 companies (manufacturing and distribution)
Year-end budgets and monitoring
Month-end Closing and NetSoft ERP Accounting System Administration
Ad hoc reports requested by the board and department managers

SIGNIFICANT ACCOMPLISHMENTS:
Took part in planning and segregation of Avalon Pharma into Manufacturing (Middle East Pharmaceutical Industries, Inc.) and Distribution (Middle East Distribution Company) Company
Involved in the establishment of protocols between the two companies
Obtained 5% purchase discount which translates to ~SAR 2.0 million savings from supplier on 2013 purchase of raw and packaging materials as a result of joint planning/budgeting exercise with Raw and Packaging Materials supervisor
Facilitated better month-end closing coordination and timely reporting of Management and Financial Statement Reports from 15th to on or before 5th of the following month submission of reports
Prepared Combined-Five-year-projections which eventually led to approval of ~SAR 12.0 M Bank Loan to finance the construction of new warehouse

SCOPE OF WORK:
Financial Recording and Reporting
Internal Control and Government Compliance
Budget preparation including coordination with RC managers
Cash Management - PCF and subsidies
Risk and Safety - Occupational Health and Safety requirements by OSHA.

SIGNIFICANT ACCOMPLISHMENTS:
Received TOP Award (Top Outstanding Performer) on my first year of employment for the improved invoices in compliance with Value Added Tax Requirements. This redounds to increase in Input VAT claims
Reduced late payment percentage from 8% to 2% annually. This created better working relationship with our business partners particularly the suppliers and contractors
Suggested accruals set-up of recurring transactions, committed Purchase Orders and accounts due for the period. This presents a better picture of the company’s operations in accordance with revenue and expense recognition principles of the IFRS
Submitted FS Analysis (as member of the Bidding and Accreditation committee) of Suppliers to ensure that the company deals only with reputable entities that are financially sound

SCOPE OF WORK:
External Audit - FS Audit and Management recommendation
Outsource Related Services: Bookkeeping, VAT, Withholding tax other Government Compliance, Payroll Services, other consultancy services

SIGNIFICANT ACCOMPLISHMENTS:
Handled valued clients and helped establish company’s image and reputation through excellent performance and quality service to our valued clients
Exceeded supervisor’s expectations by accommodating more client engagements during Audit seasons
Trained and imparted my knowledge to the newbies in the firm before departing from the organization as a sign of gratitude

SCOPE OF WORK:
Develop, implement, and monitor related to inventory transactions to ensure accurate and timely deliveries, transfers, and sales
Participate and coordinate the cycle count progress and results to identify the necessary procedures and processes to be monitored and provide regular reports on the results to concerned parties
Work with key personnel to effectively implement process improvements to operational procedures in an effort to proactively optimize and maintain the highest possible productivity levels
Preparation of Schedule and Reconciliation of Inventory Transfers
Analysis of Inventory levels related to Sales and Purchasing requirements

SIGNIFICANT ACCOMPLISHMENTS:
Improved coordination and monitoring of Inventory Movements
Trained co-employees of advance excel techniques for productivity