Management Manager

H e rnan B. Bari ring, CPA, MBA Mobile: 091*-*******

L andline: 8342781

*** ****** ****, ***** **** 1302, Philippines E mail:

hbbari r ***@*****.***

Chief F inancial Officer / F inance D i rector / Vice

P resident – F inance

Senior level executive with broad hands-on management experience in the fields of accounting, finance,

audit and administration. Acquired deeper knowledge of operation by working hand-in-hand with

Operations management to drive efficiency and profitability. Worked with the board of directors, board

of t rustees, CEOs, senior management staff, legal counsels, consultants, banks and other important

stakeholders. CPA with MBA degree, and had over 34 years of solid work experience with both local,

m ultinational, publicly-listed holding and group of companies. Strong in leadership, communication

and interpersonal skills. Broad scope of authority included, among others:

- F inancial, cost and managerial accounting - Risk management

- F inancial reporting and analysis - Controllership

- T reasury management - Tax planning and management

Hernan B. Bariring 1

- B usiness planning and budgeting - P roject development and

management

- A uditing - Administration

PROFESSIONAL EXPER IENCE

8990 HOLD I NGS, I NC. (formerly I P Converge Data Center, I nc.) M akati City,

P hilippines

2013

t o 2014

A p ublicly-l isted holding company which subsidiaries are engaged in real property development

Chief F inancial Officer

Senior corporate officer of this P16B publicly-listed holding company that has 6 subsidiaries and 7

a ffiliates which are mainly engaged in mass housing and condominium projects. Directly led and

managed 3 senior management team including 2 Financial Controllers and Senior Finance Manager

w ith oversight for over 30-person staff.

Selected accomplishments

• Replaced the manual accounting system with a new web-based, on-line accounting software

t hat supports the 14 companies in the group for a more efficient management information

system. I t practically reduces the entire process of generating financial and other management

reports from 3 weeks to 3 days.

• Reorganized/decentralized Finance and Accounting functions from head office to the branch

offices to implement a real-t ime accounting system and to establish tighter internal control for

more efficient, accurate and timely financial reporting.

• Represented the company with the team of underwriters and legal counsels in successfully

securing SEC approval for the "Follow-On stock offering" and PSE listing of the holding

company’s over one billion shares worth P9B.

• Acted as Compliance Officer for 2 listed holding companies (8990 Holdings, Inc. and Southeast

Hernan B. Bariring 2

Asia Cement Holdings, Inc.). Performed strict reporting compliance with PSE and SEC.

TSP I DEVELOPMENT CORPORAT ION Makati City, Philippines

2006 to 2013

One of the largest and oldest microfinance institutions in the Philippines

Chief F inancial and Administrative Officer

Senior executive of this P2B company with 174 branches and manned by 2,600 employees. Directly led

and managed 3 senior management team including Financial Controller, Senior Finance Manager and

Administration Manager with oversight for 400-person staff, 30-person staff and 10-person staff,

respectively.

Selected accomplishments

• Established unsecured credit facilities of P1.5B with local banks and financial institutions that

p ropelled the expansion of the business operation from 63 branches in 2006 to 174 branches in

2013. Successfully managed the liquidity requirements and temporary idle funds investment

during the expansion period.

• In 2012, successfully converted the conventional to electronic disbursement and collection

system using e-payment technology of GCash mobile banking for the 250,000 microfinance

borrowers. Saved conventional operating costs of over P30M annually and practically

eliminated the cases of cash misappropriation and fraud in loan disbursement and collection

t hrough cashless operation.

• Worked hand-in-hand with the COOs and senior management team in formulating strategic

management decisions on market positioning, product development and redesigning of existing

p roducts; establishing the supporting systems, policies and procedures; resolving major

market, product, staff, resources, policy, legal, political, social, reputational, calamity,

emergency, r isk and other issues that affect the business operation.

• In 2011, successfully avoided the BIR garnishment of company’s bank accounts aggregate

balance of P200M and saved the company from business disruption, or worse - closure, by

i mmediately moving the company’s fund to the bank account of an affiliate where such account

was temporarily used for operation until the Temporary Restraining Order (TRO) to stop the

garnishment was secured from the Court of Tax Appeals. Operations was restored to normalcy

w ithout disturbing the relationship with clients.

• In 2007, set up the retirement plan with a reputable t rustee for the 2100 regular employees

t hat contributed to the reduction of employee turn-over rate from 24% in 2007 to 13% in 2013.

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• Designed and implemented a performance incentive program for operations staff that drove the

average annual productivity growth rate from 18% in 2007 to 25% in 2013, and consequently

slowed down also the employee tu rn-over rate.

• In 2008, performed oversight for the construction of 5-storey head office building worth P120M.

TSP I EMPLOYEES’ COOPERAT IVE M akati City, Philippines

2006 to 2013

An independent employees’ cooperative that offers loan and savings products to the members

Vice Chai r / Chai r / T reasurer

Served in various capacities during the 7 years term to manage the employees’ Cooperative of over

1700 active members; approved annual business plan and budget; performed oversight of treasury

f unctions; presided monthly board meetings, ad hoc and annual general membership meetings;

approved minutes of meetings.

Selected accomplishment

• Increased the voluntary membership from 800 to 1700 and loan portfolio by four folds from

2006 to 2013 through aggressive marketing and continuous improvement of savings and loan

policies.

P H I L I PP I NE-SUNDT CONSTRUCT ION & DEV. CORP. P ampanga, Philippines

2003 to 2006

An American-managed local construction company

Vice P resident – F inance

Managed Finance and Accounting operation; provided the management with monthly financial reports

and analyses; supported the project operations with working capital requirement; done tax planning

and handled BIR tax assessments; performed controllership functions; accomplished financial crisis

management for this cash-strapped company.

Selected accomplishments

• Successfully rebutted BIR deficiency tax assessment of P43M and paid less than P2M instead

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i n 2004.

• Restructured the P100M overdue liabilities with various suppliers and subcontractors and

avoided potential legal cases against the company.

MAN I LA CORDAGE COMPANY Makati City, Philippines

1996 to 2003

A leading manufacturer and exporter of rope and cordage products

F inance and Accounting Manager

Directed Finance and Accounting operation including general, cost accounting and financial reporting, treasury

operation, credit and collection, and payroll management.

Selected accomplishments

• Converted manual bundy clock timekeeping of 800 employees into automated Kronos swipe-card system -

reduced the payroll preparation from three days by five clerks to half day by two clerks.

• Evaluated and implemented the use of pelletizing machine that recycles scrap synthetic ropes into

reusable repelletized resins. This resulted to a savings of P45 per kilo on raw materials for synthetic

ropes (recycling cost of P15 per kilo vs. P60 cost of virgin resins).

BALLAST NEDAM I N TERNAT IONAL B ahrain and Saudi Arabia

1984 to 1996

Multinational Dutch construction company engaged in mega projects

Senior Accountant / Administrator

From 1987 to 1996, supervised the general and project accounting teams; managed subcontractors and creditors

accounts; performed site visits and audit of project site offices; done budgeting and cash flow management, among

others. From 1984 to 1987, performed accounting and general administration of Eurovillages in Saudi Arabia and

Bahrain which consist of over 300 family houses, bachelor studios and guesthouses including restaurant, bar,

g rocery shop, school, sports hall, etc. in each location that cater mostly to Europeans, Americans, Australians and

other nationalities. Responsibilities cover general and cost accounting, collections and disbursements, financial

reporting of business units of the Eurovillages, purchasing and inventory management of village supplies and

maintenance materials, coordination of resident maintenance requests and complaints, administration of

t ransport services, booking of guests at guesthouses, and supervision of staff.

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SGV & Co. Makati City, Philippines 1980 to

1984

the largest professional audit firm in the Philippines engaged in external audit, tax and management

services

Auditor I n-charge / Audit Staff

Conducted external audit for various organizations including manufacturing, trading and retail companies, banks

and financial institutions, among others; discussed audit findings and recommendations with clients; prepared

audited financial statements and management reports. Clients include, among others, Semiconductor Devices

Philippines Inc., Union Carbide Philippines, Citibank N.A., Producers Bank, Rustan’s Supermarkets, Eastern

Telecoms, General Motors, Philippine Geothermal Inc.

ENTREPRENEURSH IP Makati City, Philippines

2008 to 2011

Founded and headed the operation of a franchised Water Purification and Refilling Station (Aquabest) that

catered mostly to large call centers and business offices in Makati Central Business District. Hands-on experience

i ncludes: conceptualization of business idea; preparation of feasibility study; setting up of company organization;

sourcing of capital; acquisition of franchise; purchase of purification equipment, delivery equipment, store

equipment and supplies; hiring and training of staff; set up of books of accounts; preparation of marketing plans

and materials; formulation of product pricing strategy and promotion; preparation of supply contract for clients;

set up of procurement and delivery system; training of staff on product quality assurance and good housekeeping;

t raining of staff on good customer service and relation; set up of operational controls and reporting system;

i nstallation of security system; coverage of all properties with insurance, among others.

EDUCAT ION, ACH I EVEMENT &

PROFESSIONAL AFF I L IAT ION

Master in Business Administration – 2002 (Gold Medal Award)

Ateneo de Manila University Graduate School of Business, Makati City, Philippines

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Certified Public Accountant – 1981

Member, Philippine Institute of Certified Public Accountants – 1981

Bachelor of Science in Business Administration, Major in Accounting – 1980

University of the East, Manila, Philippines

Graduate, High School - 1976 (Salutatorian)

San Vicente Ferrer Academy

Charter Member, PICPA Riyadh Toastmasters Club – 1995

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