Accounting Manager

LEMUEL U. VALENTE

**** ******* ***** **.

Bakersfield, CA 93311

SUMMARY

A hard working, systematic and results-oriented professional offering to

utilize my extensive work experience in the fields of Accounting and

Auditing. Adept in overseeing various accounting functions in a variety of

business environments from start-up organizations to medium and large

corporate subsidiaries. Skilled at promoting organizational growth,

controlling costs, streamlining accounting procedures and instituting

internal controls. Also experienced in administering and supervising

employees including their training and development. My skills are

summarized below:

Financial Statements Preparation and Variance Analysis

Accounts Payable / Receivable Processing and Vendor Maintenance

General Ledger Accounts Reconciliation /Bank Reconciliation

Cost Accounting / Inventory Control

Operating / Capital Budget Preparation and Administration

Operations and Management Auditing

Accounting Software Operation and Maintenance

Strategic Planning / Resource Utilization

PROFESSIONAL EXPERIENCE

COVANTA DELANO, INC., Delano, CA 06/12-11/14

A Waste to Energy Conversion Facility of Covanta Energy in the West Region

Senior Accounting Clerk / Administrative Office Clerk

. Solely handled the daily processing of Accounts Payable, Accounts

Receivable and General Ledger transactions of the biomass facility;

. Prepared high volume Accounts Payable Vouchers, Accounts Receivable

Billings and Journal Vouchers at fast phased precision using PeopleSoft-

Oracle;

. Coordinated resolved and responded to payment/collection issues of

vendors/customers in a 5-day turnaround, measurably improving customer

satisfaction;

. Improved the efficiency of bills payment and eliminated perennial

bottlenecks in payable processing;

. Elevated the quality of coordination of our department vis-a-vis with

Purchasing and other operating units. Initiated monthly coordination

meetings with Purchasing and Warehouse;

. Reduced "early payment discounts lost" to a minimum level (i.e. less than

$100 per month);

. Attained 80% success rate in converting payment method for 300 regular

vendors/suppliers from manual check to ACH or EFT, thoroughly avoiding

finance charges for late payments;

. Filed sales/use taxes consistently ahead of BOE-regulated deadlines;

. Cut-down month-end financial statement closing time from 7 days to 5

days.

ROBINSONS INCORPORATED, Manila, Philippines 12/00-03/12

A Business Unit of Robinsons Holdings, Inc. (The 2nd largest Retail

Business Conglomerate in the Phils.)

Business Unit Controller

. Supervised the overall operation of the Accounting Department for the

department store business unit.

. Operated accounting softwares such as Epicor/Platinum and JDA in the

discharge of assigned accounting functions. Delegated to the Steering

Committee during the accounting system conversion to SAP;

. Contributed a lot of tax saving measures and implemented strict internal

controls;

. Shortened the process of preparing the company's monthly financial

statements from 25 days to 10 days by converting manual procedures into a

computerized environment in close coordination with the IT Department;

. Designed the template of the Annual Opex and Capex Budget and implemented

it across 35 department stores;

. Consistently controlled operating and corporate expenses every year.

Enabled the company to surpass EBIT and EBITDA budget for the last 10

years and sustained annual growth of 10-15% during my term.

UNIVERSAL ROBINA CORPORATION, Manila, Philippines 06/96-12/00

A Snack Food Manufacturing Company under the J.G. Summit Holdings, Inc.

group of companies

Assistant Vice President - International Audit

. Conducted financial and operations audit of foreign affiliates/companies

located in Southeast Asia and Mainland China.

. Developed and source-coded policies and procedures for the

affiliates/subsidiaries;

. Successfully reconciled the Accounts Receivable accounts of the affiliate

in Thailand which helped the company collect long outstanding accounts;

. Assisted in the design of production reports for the

affiliates/subsidiaries in Mainland China.

PUREFOODS CORPORATION, Laguna, Philippines 05/91-06/96

A Poultry and Livestock Division of Purefoods Corporation

Assistant Manager - Inventory Management

Assistant Manager - Feedmill Accounting / Budget Analysis

. Supervised the warehousing activities for raw materials, other feed

ingredients, poultry vaccines and vitamins including spare parts for the

Feedmill. Developed plans and implemented policies relative to materials

planning, inventory control, warehousing and storage.

. Consistently managed the ingress and egress of inventory in the Feedmill

warehouses and eliminated material run outs in the Production Area.

. Drastically reduced the percentage of material spillages during physical

transfers from 30% to 10%;

. Closely monitored Days-To-Last and Open-To Buy levels to comply with the

Just-In-Time purchasing policy, enabling the company to attain

leverages;

. Negotiated warehouse rental contracts at cost-effective rates.

EDUCATION / TRAINING

Bachelor of Science in Commerce, Major in Accounting

Far Eastern University, Manila, Philippines

(Certified by Career Consulting International and Educational Credential

Evaluators, Inc. as the US equivalent of a Bachelor's Degree in Business

Administration with

Major in Accounting)

Registered Certified Public Accountant

Professional Regulation Commission, Manila, Philippines

PROFESSIONAL AFFILIATIONS

Philippine Institute of CPAs-Member / Association of CPAs in Commerce &

Industry-Member

OTHER PROFESSIONAL EXPERIENCE

GENERAL ARABIAN MEDICAL & ALLIED SERVICES LTD., Tabuk, KSA 08/87-08/90

A Manpower Provider of Medical and Allied Personnel for government

hospitals

Senior Accountant

. Maintained all the project’s books of accounts under a computerized environment.

. Prepared and reconciled the monthly trial balance with the account balances of the

Corporate/Head Office.

. Designed the bank reconciliation program for the project.

CATHOLIC SERVICES - USCC, Manila, Philippines 11/84-04/87

A Private Voluntary Organization/Agency funded by USCC and USAID

Internal Audit Supervisor

. Performed and participated in the entire scope of financial and

operational audits of the Agency's nationwide programs consisting of food

and nutrition programs and funded projects for socio-economic, community

resource development, social welfare, micro industries, cooperative

financing, training/education purposes as well as emergency/disaster

relief operations.

. Designed accounting systems for project proponents and conducted

trainings on proper bookkeeping.

SYCIP GORRES VELAYO & CO., Manila, Philippines 11/80-09/84

The largest Public Auditing firm in the Philippines. Currently affiliated

with Ernst & Young

Semi-Senior Auditor

. Conducted regular audit of manufacturing firms, trading companies,

leasing and finance companies, small and medium scale industry firms,

banks and financial institutions;

. Also involved in the special audit of companies such as acquisition

audits and special examinations required by regulatory bodies.

. Completed the annual audit engagement with clients always ahead of time.

. Voted "Outstanding Audit In-Charge" for two (2) consecutive years.

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