Financial Controller

MARITESS P. SIMBRE

CERTIFIED PUBLIC ACCOUNTANT

** ******* ******** **., ** Resort Village Subd.

Las Piñas City, Philippines 1740

Tel/Fax.: 632-***-**-** or 668 98 72 Mobile: 63-920-***-**** Email: ***************@*****.*** Skype ID: mpsimbre EXECUTIVE SUMMARY

Completed a Chartered Business Administrator (CBA) Program to secure a management certification given to qualified individuals competent in the field of management of the General Organization, Human Resources, Marketing, IT, Accounting and Finance. Recognized worldwide, the certification is upheld by the Chartered Association of Business Administrators (CABA), based in Canada whose mission is to raise competency in the field of management and business administration through certifications and code of ethics. An active and sustaining life member of Philippines Institute of Certified Public Accountants (PICPA) and was appointed as one of the Chairs of Committee in Social Involvements for 2011-2012. Chair - Association of CPAs in Commerce and Industry (ACPACI) Committee in Professional Development for 2010. A Certified Public Accountant with a wealth of well - rounded professional experience holding key or senior finance managerial and top level positions in different industries and diverse cultures, that includes global, MNCs and world class corporations as well as positions of trust and leadership in various organizations such as school, university, tertiary hospital and medical center, professional, foundations, religious and non-profit organizations.

Has a solid track record of helping large and medium-sized multinational corporations (PEZA registered, pioneer and non-pioneer BOI Status) and well known industry leading Filipino-owned Group of Companies meet their financial goals covering the areas of comptrollership, taxation, audit, general and cost accounting, finance, and management information services.

Has gained exposure from the following industries: manufacturing, engineering and construction, steel pole manufacturing with integrated galvanizing, educational institution, hospital, investment house, real estate, leasing, food chain and entertainment services, retail merchandising, telecommunications, BPO, project business (shared) services, public accounting and auditing, management consulting, advisory and other service-oriented companies.

Several years of public accounting career includes top leading CPA firm -- Carlos J. Valdes & Co., associated with Coopers & Lybrand, now better known as PRICEWATERHOUSECOOPERS. Inclusive Period: 1982-1986 Audit ; 1988-1989 MIS

As Associate Consultant for Management Information Services, was tasked to handle accounting system design, installation, and implementation for corporate clients. As In-Charge Auditor at Carlos J. Valdes & Co. was in general, responsible for the orderly and timely performance of the audit, the day to day supervision of assistants and communication to those with prime responsibilities for the engagement of progress and problems; in particular, scope of responsibility includes but is not limited to performance of audit procedures necessary to complete the engagement, controlling the time spent on engagements, and participating in conferences with clients to discuss drafts of internal control letters and financial statements. Top or senior executive positions in comptrollership, accounting and finance held for world class organizations with multi-cultural setting as follows: SENIOR ACCOUNTING MANAGER, Project Business Services of FLUOR DANIEL INC. – Philippines. Fluor is one of the world’s largest, publicly owned engineering, procurement, construction and maintenance services companies with offices in more than 50 countries and performing work in almost all of the continents in the world. Inclusive Period: 2010-2011. The first and pioneering FINANCIAL CONTROLLER – INDUSTRIAL GALVANIZERS CORPORATION OF THE PHILS (IGCP). A BOI-registered firm on a pioneer status being the first steel pole manufacturer in the Philippines; has the largest galvanizing plant in the Philippines if not in the entire Southeast Asia. A senior executive position in the company reporting directly to the General Manager in Manila and to the Corporate Office in Brisbane, Australia. This position is responsible in providing effective and efficient financial management and comptrollership, primarily safeguarding the company assets and optimum or efficient utilization of the company’s resources. Ensures compliance to government reportorial requirements, debtors control, cash flow management, forecast/budget, stock existence and valuation control. Similarly, this company is also affiliated with a locally registered property holding company to own and lease the 8.5 hectare site where the head office and the plant is located. Inclusive Period: 1999-2001

The first and pioneering FINANCE & ACCOUNTING MANAGER of TRANSFIELD PHILIPPINES, INC. -- a subsidiary of the largest private-owned construction company in Sydney, Australia overseeing four subordinates. Scope of responsibility covers financial and statutory reporting, management reporting, cash management, bank liaison, budget, forecasting, and general administration. Reports to the General Manager in Manila and to the regional office in Kuala Lumpur, Malaysia. In addition, scope of authority and responsibility includes all related administrative and finance function of the Holding Company duly incorporated both for management and tax purposes. Inclusive Period: 1997-1999 The first and pioneering DEPARTMENT ACCOUNTING MANAGER of EDS MANUFACTURING, INC. –A large Japanese manufacturing and 100% export producer firm, a wholly-owned subsidiary of a corporation based in Tokyo Japan with overseas factories worldwide and known as the world leader in automotive wiring harness industry. Total manpower (then) in the Philippines was about 5,000 employees excluding contractual & project employees. This company is affiliated with a real estate company incorporated and registered with the Securities and Exchange Commission purposely to acquire and own the 121,997 square meter lot where, the head and plant office is located. A middle management position directly reporting to the Finance Director based in the Philippines and to the regional office in Numazu Center, Japan. This position is responsible in ensuring efficient management of the cost accounting section based in the plant/head office in Cavite and the general accounting section based in 6750 Building, Makati City. Tasks accomplished: The design and successful installation of the accounting system, the formulation and efficient implementation of accounting policies and procedures (i.e. inventory, sales, receivables, payables, general ledger, etc.) and setting up of internal control procedures during its first year of commercial operations; computerization of export sales, receivables, import purchases and payables, foreign exchange gain or loss, fixed assets, raw materials, work in process and finished goods inventory; full computerization of the general ledger which includes automated processing of payments to suppliers using FACT (an accounting software).

Inclusive Period : 1989-1997

Top or senior executive positions held for local and Filipino-owned group of companies as follows: AVP-CONTROLLER of SM RETAIL, INC. SM maintains its market leadership in retail merchandising and shopping malls and has recently established dominance in banking as it likewise seeks to establish dominance in property development and tourism. While holding the position of AVP Controller of SM Retail, Inc (SM Group of Companies) made an unprecedented accomplishment especially in the area of financial loss recovery of certain retail affiliates that incurred and suffered fire losses. Had undertaken significant initiatives to strengthen and beef up the accounting departments vital to the efficient delivery of quality and timely output with value added business information needed to come up with well- informed management decision. Inclusive Period: 2008-2009 VICE PRESIDENT FINANCE/COMPTROLLER of University of Perpetual Help System-DALTA. The DALTA Group of Companies is comprised of more than 30 year old Tertiary Hospital and University with 3 campuses (Las Pinas, Calamba and Molino), Real Estate Construction and Development Group, Agriculture and Food Business, and Health Care. Had made significant contribution and initiatives in the area of taxation, standardization of accounting policies and procedures, financial reporting and the obtainment of foreign loan debt. Inclusive Period: 2004-2008 EDUCATIONAL BACKGROUND

Secondary Year [From] - [To]

School : St. Joseph’s Academy 1972 - 1976

Top 10, Loyalty Medal Awardee

Address : Las Pinas City, Philippines

College

Course : Bachelor of Science in Accounting 1976 - 1980 School : Polytechnic University of the Philippines Dean’s List/Academic Scholar

Address : Lepanto St., Sampaloc, Manila

Others

Course : IT POWER 97 Module I - Introduction to Computers, Windows 95 Microsoft Word 97 and Microsoft Excel 97

School : Informatics Computer Institute

Address : Paranaque, Metro Manila Philippines

Date : January - February 1998

Post Graduate

Chartered Association of Business Administrators

Suite 420-1090 West Pender Street, Vancouver, BC, V6E2N7 Canada Competitive Advantage Accounting & Management Center 1906-B East Tower Phil Stock Exchange Center, Ortigas Center, Pasig City, Philippines CBA (mini-MBA) Program

October - December 2011

CONSULTANCY PROJECTS/ EMPLOYMENT HISTORY / WORK EXPERIENCE Position : Management, Tax, Accounting & Finance Director Company : Independent CPA - Accounting Services, Tax, Financial & Management Advisory Consulting Date : 2011 – TO DATE

Job Description / Duties and Responsibilities:

Direct overall financial performance of the business and driving profitability, growth, liquidity and cash generation, ensuring compliance with company, legal and regulations requirements; identifying and managing business risks, contributing to business process efficiency.

Provide leadership or ownership and initiatives to efficiently manage and strengthen the following areas: Contract review, procurement, contract negotiation and renewals, relationship management involving key clients, major suppliers and contractors, service providers and lessors, HR and employee issues, debt collection, insurance claims and loss recovery, tax advisory and litigation.

Develop, build and manage a high performing team comprised of inspired, committed, self-driven and results- oriented professionals with a mission to provide and promote service excellence within and outside the organization. Direct and/or Institute necessary measures to select, hire, retain the best and the right people for the right job and employ the right system and best practices to deliver the desired business results and help ensure the company is positioned for growth, sustainability and increased profitability. As a key member of the Executive Management team, assume the strategic position having direct responsibility for accounting, finance, forecasting, strategic planning, job costing, legal, property management, deal analysis and negotiations, investor relationships and partnership compliance and private and institutional financing. As the CFO of a multinational construction company assume primary day-to-day responsibility for the following tasks:

1. Plan, Implement, and control all financial-related activities of the company 2. Responsible of the accounting and Finance Department 3. Management of the staff, control, training of the team members 4. Ensure the credibility of Finance department

5. Bookkeeping and day by day operations

6. Manage processes for financial forecasting, budgets 7. Consolidation to the headquarter

8. Reporting to the group

9. In charge of the Finance analysis, (cost control of projects) P&L, revenues, balance sheet 10. Issuing of the monthly cost reporting (MCR) by project 11. Ensure that effective internal controls are in place and ensure compliance with IFRS 12. Maintain the constant up to date of local regulatory laws and rules for financial and tax reporting. 13. Prepare the Tax and follow the local regulations 14. Supervising/preparing the year-end accounting audit, as well as relation with the auditors 15. Relation with BIR, SEC, PCAB, ...and all administrative authorities, as well as ensuring compliances with all of their requirements

16. Relation with the banks

17. Improving/creating accounting procedures

18. HR management

AMONG COMPLETED PROJECT/CONSULTANCY ENGAGEMENTS:

1. Provided assistance in the preparation, review and compliance of government reportorial requirements to various government regulatory agencies of a PEZA-registered ecozone entity established in the Philippines by the largest telecommunications in Australia.

2. Provided effective leadership and management in the area of HR, Administration, General Accounting and Finance and shared finance services of the Philippine Operations of the first global mobile network provider. 3. Interfaced and coordinated with the top leading outsourcing service provider of various outsourced services such as accounting, payroll, external audit, statutory compliance, registration of new company and legal cases under the retainer agreement.

4. Performed a pre-automation accounting business process review for a well-established conglomerate engaged in food chain business, retail, real estate, leasing and entertainment services. 5. Conducted a finance audit of a big international shipping company (with a major principal in Japan) in order to determine the net book value per share as of latest balance sheet date. Position : Senior Accounting Manager - Project Business Services (highest ranking level ) Reports To : Controller (Director)

Company : Fluor Daniel Inc. – Philippines

Engineering, Procurement, Construction & Management Services Complete Address : Filinvest Corporate City, Alabang, Muntinlupa City, 1781, Philippines

Date : 2010 - 2011

Job Description / Duties and Responsibilities:

1. Primarily responsible and accountable for project financial controls. 2. Provides direction, coordination and evaluation of project business analysis, interfaces with other groups inside and outside the organization, senior management, other offices, clients and auditors. 3. Provides leadership in the area of financial issues and support and advice necessary to effectively communicate the issues and their resolutions.

4. Establish and maintain Accounting and Financial Standards. 5. Align and coordinate with other company functions to facilitate project set up including but not limited to tax, treasury, procurement, human resources, general accounting and project management. 6. Ensure project compliance with financial terms and conditions of client contract. 7. Design implementation and management of internal controls, accounting processes, profitability and reporting requirements.

8. Review, analyze project financial performance and assist project management in understanding and communicating financial issues and performance.

Position : AVP-Controller

Reports To : VP - Controller

Company : SM Retail, Inc.

Retail Merchandising

Complete Address : SM Corporate Office, Bldg B, J.W. Diokno Blvd. Mall of Asia Complex, CBP- 1A Pasay City

Date : 2008 - 2009

Job Description / Duties and Responsibilities:

1. Contribute to the attainment of the Company’s profit objectives through a comprehensive reporting and thorough analysis of financial results and by providing guidance to the management team on various business decisions.

2. Ensure the Company’s financial health and fiscal integrity through effective processes in accounting and financial planning and forecasting, adequate controls, safeguarding its assets and resources and adopting sound financial, treasury and information management. 3. Advocate overall corporate adherence to financial and internal control policies. 4. Ensure corporate compliance to statutory requirements. 5. Create a work environment that is designed to maximize the learning, growth and development of the Finance Team

Position : Vice President Finance/Comptroller

Reports To : CEO & Chairman of the Board

Company : University of Perpetual Help System DALTA Education, Healthcare, Real Estate, Construction,

Agriculture & Food

Complete Address : Office of the VP Finance/Comptroller, Medical Center, Alabang-Zapote Rd., Pamplona Las Pinas City 1740

Date : 2004 - 2008

Job Description / Duties and Responsibilities:

1. Responsible for the formulation of financial policies and ensures that they are carried out, making provision for rendering assistance and guidance when needed

2. Investigates, develops and formulates financial plans to ensure provision of adequate funds to meet long and short term requirements on the most economical and practical basis consistent with sound financial practices

3. Ensures that accounting systems methods and procedures (including budget controls) to adequately appraise and report on the financial results, condition and needs of the business be established and maintained; sees to needs to operating submissions for accounting in cost control reports to assist them in decision making

4. Issues appropriate financial accounting reports on the results of operations of the covered companies for the Board of Directors, sees to the authorized preparation of annual reports to government entities and the stockholders

5. Maintains an effective and harmonious organization, guides supervisors and managers in their functional activities and ensures that they are executed in accordance with established corporate policies and procedures

6. Assists in the appraisal of proposed capital expenditure, which require the approval of the Chairman and President and gives advice on their desirability from a financial and funds flow standpoint 7. Recommends and supervises operations of an adequate system for forecasting the company’s needs for working capital

8. Responsible for providing an adequate insurance coverage for the company’s assets and its insurable interest

9. Responsible for the external financial relationship of the company including relations with banks and other financial institution

10. Responsible for the determination of tax liabilities and provides for the proper tax returns 11. Functionally responsible for credit and collections throughout the DALTA System and advises on acceptable limits of accounts receivables

12. Verifies accuracy and completeness of records of all company properties 13. Verifies accuracy of the levels of inventory and assists in making most effective use of funds invested in inventory

14. Performs related duties as maybe assigned by superior. Position : Financial Controller

Reports To : President & General Manager and to Divisional Accountant – Asia (Both Expat) Company : Industrial Galvanizers Corporation of the Philippines (IGCP) Parent Company : Industrial Galvanizers Corporation Pty Ltd, QLD Australia BOI registered-Steel Pole Manufacturing Integrated with Galvanizing (Foreign-Owned) Complete Address : Bgy. Conchu, Trece Martires, Cavite City Date : 25 October 1999 – 31 July 2001

Job Description / Duties and Responsibilities:

1. Contribute to the management and development of the Manila Plant through close liaison with the General Manager, Operations/Works Managers, Marketing Managers, and Divisional Accountant-Asia 2. Formulate or set up company policies and guidelines which include but not limited to purchasing and disbursements

3. Maintain debtors control and ensure companies credit policies are adhered to 4. Manage cash flow and control working capital. An authorized bank signatory 5. Maintain and develop internal controls within the business and accounting systems (i.e., management reports, general ledger, accounts receivable/payable and payroll) 6. Ensure that reporting requirements of the various government regulatory agencies are adhered to in a timely manner

7. Manage the weekly and monthly management reporting including review and analysis of same 8. Prepare annual budget in conjunction with the management team 9. Prepare monthly forecasts in conjunction with the management team 10. Prepare monthly reconciliation of all general ledger accounts (e.g. bank, stock, accounts receivable and payable control accounts and clearing accounts)

11. Manage capital expenditure requisitions and maintenance of fixed asset records 12. Monitor performance criteria – for sales price, materials, direct labor, fixed and variable costs (actual vs. budget)

13. Manage stock existence and oversee valuation control 14. Effectively manage and supervise accounts staff 15. Perform specified administrative functions (e.g. insurances, computer development, etc) 16. Perform other allied functions and office administration which includes but not limited to company rules and regulation on employees conduct

Position : Finance and Accounting Manager

Reports To : General Manager (Expat)

Company : Transfield Philippines, Inc.

Parent Company : Transfield, Australia - Engineering and Construction Company

(Largest Private Construction Firm in Sydney, Australia) Complete Address : 7/F, Zeta II Building, 191 Salcedo St., Legaspi Village, Makati City Date : 21 July 1997 – 22 October 1999

Job Description / Duties and Responsibilities:

1. Financial and statutory reporting to government regulatory agencies 2. Management reporting (local and abroad)

3. Cash management which includes financial planning, cash flow, effective and efficient utilization of company resources and funds, placements and maturities of time deposits 4. Management and implementation of accounting and internal control procedures 5. Liaison with banks, external auditors, government regulatory agencies, tax and legal in relation to DOLE matters

6. Handling of expat/executive payroll and all other financial-related confidential matter 7. Training and direct supervision of management accountant and accounting/finance staff 8. Formulation and implementation of company financial and administrative policies and procedures to promote higher productivity and generate higher company profits 9. Authorized bank signatory to effect payments and fund transfers as per Board Resolution and Secretary's Certificate

Last Position : Department Accounting Manager (1 July 1991 – 18 July 1997) Entry Position : Assistant Accounting Manager (1 May 1989 – 30 June 1991) Reports To : Finance Director (Japanese Expat)

Company : EDS Manufacturing, Inc.

Parent Company : Yazaki Corporation, Tokyo Japan

(World Leader in the Automotive Wiring Harness Industry) Complete Address : Emilio Aguinaldo Highway, Anabu II, Imus, Cavite Job Description / Duties and Responsibilities:

1. Directs the Cost Accounting and General Accounting Sections 2. Approves check vouchers and other forms of remittances to pay off company obligations 3. Approves the financial statements and all other government reportorial requirements for the signature of the President and Treasurer/General Manager

4. Ensures standing policies and procedures are consistently adhered to. Reports deviations, if any with factual evidences and countermeasures appropriately proposed 5. Institutes changes in accounting procedures to efficiently cope up with business growth and development 6. Institutes tax saving measures

7. Recommends approval of the consolidated budget in conjunction with other officers and department heads covering all financial activities of the corporation 8. Negotiates business contracts under terms and conditions most economical to the firm 9. Provides adequate training, professional development and character building to subordinates 10. Approves performance appraisal of subordinates and other areas related to management of human resources of accounting department

11. Others:

a) Represents the firm in audit/business conferences at Tokyo Head Office b) Collaborates with all other department heads in the company’s Disciplinary Action Committee c) Handles income tax returns and payroll of Japanese Expatriates d) Handles Filipino Executive Payroll

e) Performs other financial related matters as may be assigned by the Board Position : Associate Consultant - Management Information Services Reports To : Principal

Company : Carlos J. Valdes & Co., CPAs

(In Association with Coopers & Lybrand Int’l)

Complete Address : CJVC Building, Aguirre St., Legaspi Village, Makati City Date : 1988 – 1989

Job Description / Duties and Responsibilities:

1. Handles system design, installation and implementation of accounting system 2. Performs comptrollership functions to serviced clients a) Responsible for over-all supervision of general and cost accounting system, internal audit and management information services

b) Institutes the necessary internal control to cope up with the changing business requirements and company policies

c) Provides technical and professional training and growth to supervised people d) Reviews business proposals and contracts entered into by and between the company e) Approves check vouchers to pay off corporate financial commitments f) Represents and negotiates with clients, suppliers and creditors, external auditors, government bodies and all other business associates to the best interests of the organization Position : Accounting Manager

Reports To : President & General Manager

Company : Bulk Indenting and Services Corporation (BISCOR) Complete Address : Rm. 306, DCG Building, Legaspi St., Legaspi Village, Makati City Date : 16 May 1986 – 15 January 1987

Job Description / Duties and Responsibilities:

1. Ensures that the Books of Accounts, subsidiary ledgers and other accounting records are properly kept, maintained and updated

2. Ensures that the financial information from all business transactions are classified and summarized in an orderly systematic manner to generate the essential information for regular reporting to both internal and external parties as follows:

a) Financial Statements

b) Projected Cash Flow Statements

c) Corporate Income Tax Returns

d) Corporate Percentage Tax Returns

e) Government Dues (SSS, HDMF, BIR)

f) General Information Sheet (SEC)

g) Minutes of Annual Stockholders Meeting

h) Daily Cash Position Report

i) Annual Budget

3. Provides management with the necessary cost information as basis for business plans and decisions 4. Analyzes and interprets for management the results of operations summarized in the various aforementioned financial reports.

5. Maintains an adequate and efficient accounting and internal control system 6. Evaluates the effectiveness and efficiency of accounting programs and activities 7. Plans approaches and methods of effecting required improvements 8. Provides appropriate new systems and procedures 9. Assists other organizational units of the company with the accounting information pertinent to their operation

10. Audits contracts, orders and vouchers and prepares reports to substantiate individual transactions before settlement

11. Assists in financial planning, procurement and investment activities for the company 12. Collaborates with the appointed external auditors 13. Others

a) Handles confidential executive payroll

b) Imposes disciplinary measures to erring personnel c) Performs other related functions that the President/Board of Directors may designate Position : In-Charge Auditor - Audit Division

Reports To : Audit Partner - in - Charge

Company : Carlos J. Valdes &Co.,CPAs

(In Association w/ Coopers & Lybrand Int’l)

Complete Address : CJVC Building, Aguirre St., Legaspi Village, Makati City Date : 2 April 1982 – 15 May 1986

Job Description / Duties and Responsibilities:

1. Ensures orderly and timely performance of audit procedures, day-to-day supervision of assistants and communication to those with prime responsibilities for the engagement of progress and difficulties on every engagement

2. Provides necessary technical training to and development assistance in field and shapes their work habits and techniques

3. Critically reviews working papers, explains deficiencies and directs completion of procedures so that audit documentation is adequate and assistants are properly trained 4. Ensures completeness and accuracy of financial statements and discusses the same with the Audit Certifying Partner-In-Charge and the client’s authorized officer and/or representative 5. Communicates business problems as well as alternative solutions thereto 6. Performs other administrative function that may be assigned from time to time Position : Officer-in-Charge

Reports To : President & General Manager

Company : Marbella Condominium Corporation

Complete Address : 2223 Roxas Boulevard, Pasay City Date : 16 August 1981 – 31 March 1982

Job Description / Duties and Responsibilities:

1. Handles accounting and tax requirements

2. Ensures prompt collection of leased condominium units 3. Liaise with legal counsel and municipality assessor 4. Performs related functions as assigned from time to time by the President and General Manager Position : Staff Accountant

Reports To : Chief Accountant

Company : The Philippine-American Investments Corporation (PAIC) Complete Address : PAIC Building, 105 Paseo de Roxas, Legaspi Village, Makati City Date : 16 January 1981 – 15 August 1981

Job Description / Duties and Responsibilities:

1. Handles corporate income accounts

2. Monitors company’s Cebu office transactions

3. Prepares and submits periodic account schedule of income OTHER QUALIFICATIONS

Professional Organizations:

Philippine Institute of Certified Public Accountants (PICPA) Chair – Committee on Social Involvement, 2011- 2012 Association of Certified Public Accountants in Commerce & Industry (ACPACI) Chair – Committee on Professional Development, 2010 Community Activities:

Council of Elders (Past

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