Chief Accountant
Eirad Trading & Contracting Co. - UPS
Total years of experience :28 years, 7 Months
a) Providing and interpreting financial information;
b) Business modelling and forecasting;
c) Monitoring performance and efficiency;
d) Analysing change and conducting risk asses
e) participating in strategic planning, and formulating long-term business plans;
f) Researching and reporting on factors influencing business performance;
g) Pricing and competitor analysis;
h) Developing complex finance models;
i) Assessing the financial implications of new or existing ventures;
j) Conducting reviews and evaluations for cost-reduction opportunities;
k) Preparing accounts and reconciling balance sheets;
l) Overseeing budgetary control;
m) Ensure proper and healthy cash flow;
n) Arrange finance requirements with banks and ensure timely settlements;
o) Liaising with other members of the team and across the business;
p) Develop budgets and forecasts as well as recommendations to improve cash flow
q) Improve cash flow - our target is to have excess cash and be less dependant on banks
r) Negotiate with banks to have better interest rate
s) Improve company profitability by reducing overall bank and finance charges
t) Make a big impact on reducing overall outstanding with our customers by improving our collections
u) Suggest/implement ideas to improve the financial performance of the company
v) Manage the entire accounting team in the company
w) Set budget to each department and implement a very strict cost control
JOB DESCRIPTIONS:
Position:
As Senior Accountant
Employed from August 11, 2005 up to December 15, 2009
General Accounting Functions:
Responsible in payroll costing to various business units, cost centers/projects and subsidiary companies.
Handles the fixed assets schedules and recording of monthly depreciation, additions and disposals.
Check, review and approve the liquidations and replenishment of petty cash holders and ascertaining controls whether funds are utilized in accordance with the company’s existing policies and procedures.
Records Inter-Company Related Transaction and issue Debit and Credit Notes and reconcile the same against their books.
Handles employees’ accounts and ensure accurate balance and on-time payroll deductions.
Accounts Payable Functions:
Records suppliers’ invoices to proper cost and expense accounts.
Review Suppliers’ Contracts and Subcontractors.
Prepare Reconciliation to Suppliers’ Accounts.
Prepare Check Payment Vouchers, Telegraphic Transfers and Letter of Credits.
Accounts Receivable Functions:
Records Receipt Vouchers from customers and other deposit items.
Financial Reporting Functions:
Prepares monthly analysis on cost of project under construction and recognized revenue by project/ cost centers.
Performs monthly analysis on entries and balances in all General Ledger accounts.
Prepares monthly comparative analysis on General and Administrative Expenses by Business Units against monthly approved budget and define material variances.
JOB DESCRIPTIONS:
Position:
From April 01, 2003 to February 28, 2005
As Accounting Supervisor
Financial Reporting Functions:
Prepares Monthly Financial Statements
Prepares per Product Lines and Per Brand Costing and Analyze Monthly Gross Profit Margin Report.
Prepares government reportorial requirements such as, VAT, EWT and Withholding Taxes on Compensation and other related taxes.
Prepares other reports relative to the cost & expenses, which is necessary to the management on its regular monthly meeting.
Coordinate and prepares schedules as required by External Auditors during audit period.
Accounts Payable Functions:
Review the correctness of entries in Check Vouchers prepared by staff and determines payment schedule to various suppliers base on availability of Cash.
Accounts Receivable Functions:
Review the correctness of entries, prices and discounts in Sales Invoices prepared by staff.
General Accounting Functions:
Monitors incoming import shipments to Brokers and Trucking Agents for proper storing and warehousing to company’s Warehouse Distributors.
Prepares Bank Reconciliation and ascertaining liquidity of Daily Cash Flow.
Review entries prepared by staff on Journal Vouchers for various transactions.
Prepares Landed Cost Summary Per Product Lines and Per Brands (SKUs).
Examines subsidiary and related financial statement schedules and performs related accounting analyses on the flow of transactions in a comparative financial statement, abnormality on actual against budget variances, erroneous posting in general ledger and similar activities.
Checks Journal Entries for various accounting adjustments.
Handles and examines employees’ advances and liquidation of expenses.
Prepares Payroll Costing.
Position and Job Description:
Employed from August 29, 2000 - March 31, 2003, as SENIOR ACCOUNTANT
Prepares and process payroll for rank and file employees and journalize payroll entries every month-end including confidential payroll for proper charging to cost centers.
Prepares Government Reportorial Requirements such as Annualization of tax including payments of Taxes on Compensation, EWT, Monthly Remittances on SSS, HDMF, PhilHealth and Company Insurance and reconcile these account to the general ledger.
Handles Employees’ Accounts such cash advances made by Officers and Employees, Company Loans, company advances to employees’ benefits and insurances. Ensures also that cash advances made by Officers and Employees are consummated in appropriate expenses under existing company’s policies and procedures.
Maintains General Ledger Accounts such as Accounts Receivable Others, Advances to Suppliers, Claims From Suppliers and From Government Agencies, Payables, Receivables and Deposits. Performs analysis on Floating items erroneously booked and prepares adjusting entries.
Prepares and performs analysis on monthly report of Selling, General and Administrative Expenses necessary for monthly Executive Meeting.
Prepares Monthly Bank Reconciliation on assigned banks.
Ensure correctness of monthly trial balance.
Position and Job Descriptions:
Employed from October 06, 1999 to May 30, 2000, as JUNIOR AUDITOR.
Prepares Internal Audit Report on various Affiliate Companies and Subsidiaries of PJLI. Audit Activities performed were Procedural System Audit, Financial Audit, Inventory Audit.
Recommends policy and internal control measures within the scope of audited company or department.
Position and Job Description:
Employed from May 26, 1999 to October 04, 1999, as BILLING CLERK under Sub-Contract with Semantrix, Inc.
Prepares Billing Report of RCBC TM’s Remittance Centers Abroad such as Canada, Taiwan, Hongkong, Saudi Arabia and America.
Reconciles and handle the schedules of inter-bank branch account, due from/to domestic and local banks and due to/from foreign affiliates.
Prepares and reconciles daily entries on “Due to/From Remittance Center, Due to/From Local Banks”
Prepares Debit Memo in Payment (payments are processed through Online Banking System) for Respective Local Couriers for Deliveries of Foreign Remittances to Recipients.
Validate and Checks Billing of Local Couriers based on the approved contract rates.
Position and Job Descriptions:
Employed from February 01, 1995 to March 15, 1999, as CREDIT AND COLLECTION CLERK.
Performs Credit Investigation on Prospective Applicants.
Prepares documentation of Approved Loans and Other Mortgages.
Prepares Ageing of Receivables, Past Due Loan Report, Collection Reports and Collection Forecast.
Prepares Credit and Collection Correspondences.
Prepares Schedule of Accounts Receivables.
Computes Interest and Penalty on Past Due Accounts.
College: Binalbagan Catholic College, 1993-1994 Course: Bachelor of Science in Accountancy Graduated with Exemplary Academic Records Technical: MS Acess – Foundation Level Riyadh International School – June 2007 Secondary: Binalbagan Catholic College, 1989-1990 Elementary: Binalbagan Central School, 1985-1986 Seminars & Trainings: International Financial Reporting Standards (IFRS) International Accounting Standard Update (IAS) (24 Hours) October 27 – November 03, 2004 At New World Renaissance Hotel, Makati City, Philippines