Accounting Manager
DTK Computer FZE
Total years of experience :15 years, 9 Months
• Directly reporting to CEO and acting as officer in charge in the absence of the CEO
• Forecasting and preparing budgets; analyzing variances and initiating corrective actions.
• Monitoring revenue and expenses; coordinating the collection, consolidation, and evaluation of financial data; preparing special reports.
• Contributing accounting information and recommendations to strategic plans and reviews; preparing and completing action plans; resolving problems; completing audits; identifying trends; determining system improvements; implementing change.
• Checking that financial reports and records are accurate and reliable and guides other departments by researching and interpreting accounting policy; applying observations and recommendations to operational issues.
• Ensuring that assets are safeguarded by establishing internal controls.
• Reviewing contracts and agreements to check adherence with regulations and company policies.
• Ensuring JAFZA procedures, policies and regulations are correctly followed and complied with.
• Compliance with UAE vat regulations and filing of quarterly VAT returns.
• Managing day to day operations of the finance team
Accomplishments:
• Finalized the set-up of the system generated reports in compliance with UAE VAT reporting requirements
• Negotiated reduction on the cost of renewal of warehouse lease annually by 5-10%
• Smooth transition of changing accounting software from Microsoft Dynamics to Tally ERP
• Directly reporting to the CEO/ Managing Director
• Managing the company's financial accounting, monitoring and reporting systems and setting up internal controls to protect the assets of the company
• Providing accurate financial reports to specific deadlines
• Preparation and monitoring of budgets and helps in formulating strategic and long-term business plans, marketing plans
• Reconciliation of accounts and regular monitoring of bank accounts and managing cash flows
• Ensures timely collection of accounts receivable and ensures accurate and timely settlement of all payables in order to maintain good relationships with vendors & transport companies
• Liaising with auditors to ensure annual monitoring is carried out
• Cost control across departments
• Supervising a team of 6 accounting staff
Accomplishment: Provided a feasibility study and cost - benefit analysis on purchasing trucks and car carrier which contributed a significant effect on the growth of the company
• Prepares Audit Program and Compliance Program for approval of the Board
• Conducts internal audit based on Internal Audit Program
• Reports to the Board of Directors through the Audit Committee all significant issues and
findings requiring immediate corrective actions
• Review and evaluate propriety of internal policies and procedures
• Oversee and coordinate the implementation of the Compliance Program
• Conduct regular updates and orientation of the latest issuances, policies, rules and regulations
issued by the regulatory institutions
• Build up a library of all relevant laws, rules and regulations by regulatory bodies keeping the
library current and up-to-date
• Study each new law, rule or regulation to provide proper implementation guideline and to identify
the risk of non-compliance thereof
• Dissemination of new laws, rules and regulations upon receipt from regulatory bodies.
• Educate and update concerned officers and employees regarding compliance matters
• Understanding of financial reporting standards such as GAAP and IFRS to keep abreast of changes
in financial regulations and legislation
Accomplishment: Passed the Certification as a Bank Compliance Officer/ Full compliance with regulatory bodies such as the Central Bank of the Philippines and Tax Compliance with Bureau of Internal Revenue thus zero penalties consistently for 6 years.
• Manage the bank’s financial accounting function and monitoring reporting systems in line with GAAP
• Prepares monthly financial statements for approval of the Manager. Prepares the daily cash position
• Daily consolidation of all accounting transaction
• Monthly preparation of financial statements and other reportorial requirements of Bangko Sentral
ng Pilipinas (BSP) and other regulating bodies
• Analyze and review budgets and expenditures
• Prepares the weekly report on available and required reserves submitted to BSP
• Monthly preparation of schedule for government contributions such as SSS, HDMF, Philhealth
for remittance
• Responsible for payment of required taxes to the Bureau of Internal Revenue
• Monthly bank reconciliation
• Payroll preparation
• Responsible for the preservation of books of accounts
• Monitoring of past due loans and non- performing loans. Checks loan computation & statement of account of borrowers daily
• Checks debit and credit memos before approval and posting. Checks expense disbursement tickets before approval. Checks loan file and folders for renewal and releases
• Coordinate with internal auditors and external auditors regarding bank audit
• Responsible for internal controls and processes in line with corporate policies
• Producing accurate financial reports to specific deadlines
• Providing and interpreting financial information
• Managing cash flow requirements
• Researching and reporting on factors influencing business performance
• Preparation of annual budget, along with monthly and quarterly budget reviews
• Approval of expenditure in line with department budgets and corporate policies
• Ensure compliance with statutory reporting requirements and that records systems are maintained
• Install an adequate and effective accounting system
• Render monthly report to the Board of Directors on the financial condition and operation
of the company
• Responsible for Payroll including all deductions, advances, bonus and commission calculations
• Preparation of profit and loss statement, statement of condition and cash flow statement
• Monitor and review accounting and related system reports for accuracy and completeness
• Prepare and review budgets, revenue, expense, payroll entries, and other accounting documents
• Analyze revenue and expenditures, and recommend appropriate budget levels and ensure expenditure control
• Reconcile Due to/ Due From Head Office/ Branch Accounts
• Resolve accounting discrepancies
• Interact with internal and external auditors in completing audits
• Supervise accounting staff
Masters Degree Master in Business Administration 2006- 2009 Bataan Peninsula State University Balanga City Bataan, Philippines
College Bachelor of Science in Accountancy 1997-2001 Tomas del Rosario College Balanga City Bataan, Philippines Achievement and Awards: ➢ CPA BOARD PASSER ➢ DOST SCHOLAR ➢ CIVIL SERVICE ELIGIBLE ➢ LA CELLI FOUNDATION SCHOLAR