Treasury and Credit Manager

MENIE V. PAGADUAN

#* ******* **., **. ******** Village

Quezon City

***-**** / 091*-******* / 094********

*************@*****.***; ********@*****.***

OBJECTIVE : To work and share my skills, knowledge and expertise as Finance professional which were acquired for the past 4 decades, and developed in me emotional intelligence, strong work ethics and persuasion at work.

PROFESSIONAL SUMMARY

1.Facilitated the transformation of a traditional Treasury operations to a digitize Treasury operations.

2.Headed the successfully processed and approved Credit Applications of 50% increase versus the past 2 years.

3.Worked with CEO for the approval of membership with Philippine Franchise Association that increased Franchisees to 100+.

4.Worked with CEO in providing financial analysis and forecasting, and securing additional financing for the construction of DusitD2 at the Fort.

5.Continue to be productive and effective while working 100% remotely since March 2020.

PROFESSIONAL EXPERIENCE

1. Position : Treasury and Credit Manager

Name of Company : Electro Group, Inc.

(Distributorship of Water Purifiers and Detox Cleansing

machines; Provider of Marketing and Sales Trainings/and Seminars)

Address : No. 14 Ilang-Ilang St., New Manila, Quezon City

Period Covered : July 5, 2018 to July 15, 2020

Position : Consultant

Period Covered : September 17, 2020 - present

JOB DESCRIPTION: TREASURY MANAGER

1.Understand, manage, and supervise all aspects of cash flow.

2.Forecast daily cash requirements.

3.Manage Long term and Short term investment strategies.

4.Determine the Company’s goals and risk tolerance.

5.Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.

6.Assess performance benchmarks and recommend changes when warranted.

7.Prepare and monitor company’s various cash flow forecasts and perform financial modeling.

8.Evaluate, develop, and implement cash management systems to optimize efficiencies.

9.Understand and manage appropriate accounting procedures and processes.

10.Monitor bank service fees and address quality issues.

11.Conduct Benchmark studies of banks and their services to evaluate whether it fits the company’s requirements.

12.Recommend, implement and maintain process improvements.

13.Provide technical and other support for expansion and other project as needed.

JOB DESCRIPTION: CREDIT MANAGER

Responsible for the smooth operational flow of Credit Department. Accountable for the entire credit granting process, including the consistent application of a credit policy, periodic credit reviews of existing customers and the assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and bad debt losses.

Duties and Responsibilities

1.Management and Administration.

2.Maintains a department organizational structure sufficient to meet goals and objectives.

3.Measures department performance with appropriate metrics.

4.Provide for the training of old and new staff and plan for the continue development of staff.

5.Manages relations with credit reporting agencies, credit insurance providers and other credit bureau.

6.Manages relations with Business Development people and distributors.

7.Documents all near procedure adopted, best practice observed and develop them to become part with an updated credit policies.

Credit Operation

1.Implement the corporate credit policy.

2.Recommends changes in the credit policy to senior management.

3.Creates a credit scoring model.

4.Manages customer and distributor credit files.

5.Monitors the credit granting and updating process.

6.Accepts or rejects the Credit Assistant’s/ Staff’s credit recommendations.

7.Personally visits the big accounts and small accounts to check validate accounts and establish relations.

8.Monitors periodic credit reviews classifying % of sales transactions.

9.Alerts management when RSWO and RSW go beyond acceptable limits.

10.Monitors Hold and Cancelled accounts to follow-up customers and close sales.

11.Monitors third party financing program.

12.Conducts Credit Orientation Seminar to Distributors to enhance knowledge on credit processing and approval.

13.Coordination with other departments.

14.Provides feedback to Business Development regarding resource of credit processing and evaluating.

15.Coordinates with IT regarding updating of records.

2. Position : Finance and Admin Manager

Name of Company : Mr. Softy Ice Cream, Inc.

(Manufacturing and Distributor

of the well-known brand of ice cream)

Address : #137 Katipunan St., Concepcion Uno

Marikina City

Period Covered : May 1, 2016 to June 30, 2018

Basic Function

Plans, organizes, leads and controls activities of the Department to ensure effective administration of credit and collection policies; proper receipt, custody and disbursement of checks, cash and financial assets; efficient monitoring/control of sales, inventories and payroll; timely preparation of financial statements, projections and analysis.

Duties and Responsibilities

Ensures the following:

1 Preparation of daily Cash Position Report.

2 Preparation of daily Bank Position Report.

3 Control and monitoring of Accounts Receivables and Accounts Payable.

4 Checking and monitoring of Sales and Inventories.

5 Monitoring and implementation of Cash controls.

6 Control and monitoring of payroll and billings to customers.

7 Preparation of Financial Reports and projections.

8 Preparation of Financial analysis.

3. Position : Treasury Manager

Name of Company : Lica Management, Inc.

(Real Estate Division of the Lica Group

of Companies that develops and constructs

commercial malls, residences, condos, hotels,

auto dealerships, high-rise buildings and many more)

Address : 500 Shaw Zentrum, Shaw Boulevard

Mandaluyong City

Period Covered : September 15, 2015 to April 30, 2016

Basic Function

Responsible for designing and executing comprehensive financial plans, raising capital, making budget forecasts, managing funds and investments, cash management, managing relationships with financial institutions and directing the Treasury Department.

Duties and Responsibilities

Handles long term and short term fund management (including funding forecast, funding strategy making), estimation of cash requirement (cash use vs corrections and recommending loan availment, loan returning).

Prepare or monitor company’s various cash flow forecasts and perform financial modeling.

Evaluate, develop and implement cash management systems to optimize efficiencies.

Understand and manage appropriate accounting procedures and processes.

Directly manages cashiering and credit and collection departments; determines adequacy of manpower complement at all times and reviews job responsibilities.

Formulates departmental budget and projection yearly with monthly review of financial against objectives.

Endorses financing/ sales transactions, cash advances, check vouchers, petty cash transactions, bank/ credit documents, as well as signs collection / follow up letters to clients.

Assess, monitor plan and manage the efficient utilization of cash and financial services in a manner consistent with the objectives of the company.

Manage mortgage bank relationships and end buyers credit Facility.

Manage all aspects of In-house investment portfolios.

Manage long-term and short-term investment strategies.

4. Position : Finance Manager

Name of Company : Mr. Softy Ice Cream

(Manufacturing and Distributor

of the well-known brand of ice cream)

Address : 137 Katipunan St., Concepcion Uno

Marikina City

Period Covered : July 3, 2015 to September 14, 2015

Basic Function

Plans, organizes, leads and controls activities of the Department to ensure effective administration of credit and collection policies; proper receipt, custody and disbursement of checks, cash and financial assets; efficient monitoring/control of sales, inventories and payroll; timely preparation of financial statements, projections and analysis.

Duties and Responsibilities

Ensures the following:

1 Preparation of daily Cash Position Report.

2 Preparation of daily Bank Position Report.

3 Control and monitoring of Accounts Receivables and Accounts Payable.

4 Checking and monitoring of Sales and Inventories.

5 Monitoring and implementation of Cash controls.

6 Control and monitoring of payroll and billings to customers.

7 Preparation of Financial Reports and projections.

8 Preparation of Financial analysis.

5. Position : Clinical In-take Specialist

Name of Company : Hinduja Global Solutions (HGS)

(BPO with Clients in different countries

of USA)

Address : HGS Corporate Centre

Bagumbayan, Libis, Quezon City

Period Covered : November 3, 2014 to July 1, 2015

Basic Function

Responsible in the processing and approval of patient’s use of health card based

on insurance policy coverage.

6. Position : Finance Manager

Name of Company : Ultimate Energy Systems Trading and Services, Inc. Group of Companies

(Engaged in design, supply, implementation

and maintenance of heating, ventilating and

air conditioning (HVAC) systems in the

Philippines)

Address : Suite 4-A Silvercord Tower Condominium

803 S. Laurel St. cor. Shaw Boulevard

Mandaluyong City

Period Covered : March 4, 2013 to September 5, 2014

Basic Function

Plans, organizes, leads and controls activities of the Department to ensure effective administration of credit and collection policies; proper receipt, custody and disbursement of checks, cash and financial assets; efficient monitoring/control of sales, inventories and payroll; timely preparation of financial statements, projections and analysis.

Duties and Responsibilities

Ensures the following:

1.Preparation of daily Cash Position Report.

2.Preparation of daily Bank Position Report.

3.Control and monitoring of Accounts Receivables and Accounts Payable.

4.Checking and monitoring of Sales and Inventories.

5.Monitoring and implementation of Cash controls.

6.Control and monitoring of payroll and billings to customers.

7.Preparation of Financial Reports and projections.

8.Preparation of Financial analysis.

7. Position : Accounting Manager

Name of Company : Dragon Edge Group, Inc.

(Manufacturing and Distributor

of baby products-Cradles and

Cycles, Bliss lubricants, Halo

sweetener, Holy Seat, Beach Hut

and many more)

Address : No. 73 Scout Fernandez St.

Barangay Laging Handa

Quezon City

Period Covered : August 17, 2009 to February 28, 2013

Basic Function

Plans, organizes, leads and controls activities of the Department to ensure effective administration of credit and collection policies; proper receipt, custody and disbursement of checks, cash and financial assets; efficient monitoring/control of sales, inventories and payroll; timely preparation of financial statements, projections and analysis.

Duties and Responsibilities

Ensures the following:

1 Preparation of daily Cash Position Report.

2 Preparation of daily Bank Position Report.

3 Control and monitoring of Accounts Receivables and Accounts Payable.

4 Checking and monitoring of Sales and Inventories.

5 Monitoring and implementation of Cash controls.

6 Control and monitoring of payroll and billings to customers.

7 Preparation of Financial Reports and projections.

8 Preparation of Financial analysis.

8. Position : Finance Manager

Name of Company : JTC Group of Companies

(Jollibee; Chowking; C-Mart

Convenience Store; Time

Square Food Court)

Address : Units 1603-1604 Taipan Place

Emerald Ave., Ortigas Center

Pasig City

Period Covered : February 2, 2009 to July 31, 2009

Duties and Responsibilities

Operational

a.Preparation of financial reports and analysis

b.Checking and monitoring of Accounts Receivable and Accounts Payable

c.Preparation of weekly Cash Position reports

d.Checking and monitoring of sales and royalties

e.Monitoring and implementation of cash controls

f.Coordinate with Business Development and Foodcourt departments in the monitoring of tenants, award notice, contracts, MOAs and other lessor’s requirements

Management Accounting.

a.Preparation of audited financial statements

b.Control and monitoring of investments and franchise agreements

c.Transact/submit reports and negotiate with the ff:

1.SEC

2.BIR

3.Other government offices

4.Banks

5.Insurance companies

d.Control and monitoring of permits, taxes and licenses

e.Control and monitoring of payroll and admin expenses, billings & payables

9. Position : Finance Manager

Name of Company : GNP Trading Corporation

(Distributor of goods and merchandise)

Address : 166 A. Alfonso XIII St., City of San Juan

Period Covered : October 26, 2006 to December 31, 2008

Basic Function

Plans, organizes, leads and controls activities of the Department to ensure effective administration of credit and collection policies; proper receipt, custody and disbursement of checks, cash and financial assets; and efficient monitoring/control of sales, merchandise inventories and payroll.

Duties and Responsibilities

Ensures the following:

1.Control and monitoring of Accounts Receivable. Timely collection and prompt reconciliation of receivables, and regular follow-up of overdue accounts.

2.Prompt and timely deduction/crediting of Debit Memos/Credit Memos from/to Principals/Suppliers/Trade Accounts.

3.Completeness of Withholding Tax Certificates from Trade Accounts.

4.Monitoring/control and recording of sales – outright and modified consignment in order to release the ff: 1) Regular Sales Reports (daily and monthly); 2) Sales for BIR Vat payment.

5.Control/monitoring and reporting of pilferages/price discrepancies of all modified consignment sales.

6.Regular inventory taking (weekly, monthly and quarterly) of merchandise in the warehouses, and provide inventory reports and analyses.

7.Proper disbursement of checks and cash to pay Principals/Suppliers and to defray company expenses, as well as prompt/regular reconciliation of Accounts Payable.

8.Proper control and release of salaries & wages and benefits to officers/employees.

9.Timely and proper remittance of monthly contributions/payments to government offices (SSS/Pag-ibig/Philhealth).

10. Position : Treasury Manager

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : July 1, 1996 to October 22, 2006

Basic Function

Plans, organizes, leads and controls activities of the department to ensure proper receipt, custody and disbursement of cash and financial assets; effective administration of credit and collection policies; and efficient monitoring/control of import banking activities. Assist the VP-Finance in matters pertaining to corporate finance.

Duties and Responsibilities

A. Operational

Ensures the following:

1. Cash Management

a. Implementation of approved Standard Procedural Instructions (SPIs) relative to the receipt, custody and disbursement of cash and funds.

b. Development and maintenance of adequate records for planning cash requirements/maturities and cash flow to permit anticipation of cash needs and investment of surplus funds.

c. Maintenance of necessary relationships with banks and other government or financial institutions.

d. Preparation of the required documentation and implementation of the necessary follow-up for the speedy negotiation/renewal of credit lines with banks and other financial institutions.

e. Proper correlation of borrowing requirements with surplus funds and negotiations, renewal or retirement of money placements.

f. Regular monitoring of cash controls and periodic review of existing insurance coverage for merchandise inventories, assets and cash as well as personnel concerned.

2. Credit & Collection

a. Implementation of approved SPIs relative to Credit & Collection administration.

b. Preparation of policy recommendations, procedures and guidelines for the acceptance and use of credit cards, the extension of credit to customers, suppliers, affiliates and employees, and the negotiation of special arrangements for financing sales.

c. Adequate documentation/authorization of credit extensions.

d. Prompt reconciliation/collection of trade and non-trade receivables and the regular follow-up of overdue accounts.

e.Proper endorsements and follow-ups of accounts referred to Legal Department for collection.

3. Import Banking

a. Implementation of approved SPIs relative to the control of importations.

b. Maintenance of necessary relationships with designated banks, the Central Bank, insurance agencies, brokers and adjusters.

c. Preparation of required documentation and implementation of necessary follow-up for opening letters of credit and the release of original shipping documents/bank guaranties and Central Bank Release Certificates.

d. Development and maintenance of adequate records for monitoring the status of importations and anticipating cash requirements/maturities.

e. Adequate insurance coverage of all importation and prompt filing and proper follow-up of all insurance claims.

B. Administrative

1. Sets the departmental objectives, goals and workplans and reviews performance versus objectives.

2. Provides for adequate staff training and development.

3. Uplifts and maintains employee discipline, morale and motivation.

4. Ensures security and confidentiality of all records and files.

5. Ensures accountability and proper maintenance of equipment assigned to the department.

6. Controls departmental expenses.

11. Position : Chief Cashier

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : June 7, 1994 to June 30, 1996

Basic Function

Plans, organizes, leads and controls activities of the department to ensure proper receipts, custody and disbursement of cash and funds in the Head Office and branches.

Duties and Responsibilities

A.Operational

Ensures the following:

1. Implementation of approved SPIs relative to the receipt, custody and disbursement of cash and funds.

2. Issuance of Provisional/Official Receipts for cash/checks received.

3. Proper preparation of deposit slips and control of postdated checks.

4. That all collections are deposited intact according to approved schedules.

5. Proper allocations of deposits and disbursements among company’s depository banks.

6. Proper control in the preparation/disbursement of checks.

7. Proper requisitioning and custody of checkbooks.

8. Proper allocation and scheduling of check releases.

9. Proper preparation and distribution of payroll for Head Office personnel.

10. Proper control over validation and distribution of gift cheques / certificates.

11. Proper implementation of recording and reporting functions relative to foreign exchange operations.

12. Proper disbursement and replenishment of cash advances and petty cash expenses.

13. Prompt recording of all bank debit and credit memos; timely preparation and submission of corporate bank position and related reports.

14. Proper custody and safekeeping of funds, cash register keys, vault and key combination, cash section keys and all forms and documents of accountability.

B. Administrative

1. Schedules working hours of personnel in the department.

2. Maintains employee discipline and morale.

3. Ensures security and confidentiality of records and files.

4. Ensures prompt transmittal of documents to parties concerned.

5. Maintains lines of communication with depository banks and as required with the Central Bank.

6. Ensures accountability and proper maintenance of assigned equipments.

7. Controls expenses of the department.

12. Position : Systems and Procedures Analyst II

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : September 16, 1990 to June 6, 1994

Basic Function

Plans, organizes, leads and controls all activities relating to preparation, review, updating, documentation and dissemination of systems and procedures governing various operations of the company.

Duties and Responsibilities

1. Ensures preparation, review, updating of SPIs of the various operations of the company.

2. Supervises consolidation into a manual of all related systems and procedures.

3. Ensures proper dissemination of all SPIs and ensures that operating departments fully understand implementation of such.

4. Ensures that recommendations of Internal Audit Department are included in the set SPIs.

5. Reviews applicable forms needed for all SPIs and coordinates with all departments concerned regarding forms usage.

6. Coordinates with all departments concerned regarding systems development.

13. Position : Systems and Procedures Analyst I

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : November 17, 1988 to September 15, 1990

Basic Function

Responsible for the preparation, review and updating of systems and procedures.

Duties and Responsibilities

1. Discusses with operating departments the mechanics applicable and purpose of specific systems and procedures.

2. Coordinates with Internal Audit Department on setting up of adequate controls.

3. Documents proposed systems and procedures.

4. Regularly reviews/updates existing procedures.

5. Consolidates all devised systems and procedures into a manual with proper reference codes for easier reference.

6. Personally explains systems and procedures to users when warranted.

7. Studies/reviews applicable forms needed for set systems and procedures.

14. Position : Accounts Payable Input Clerk

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : January 23, 1986 to October 16, 1988

Basic Function

Handles preparation of Accounts Payable input data and batches control slips for computer input.

15. Position : Sales Audit Clerk

Name of Company : Rustan Supermarkets

Address : Araneta Center, Cubao, Quezon City

Period Covered : March 1980 to January 22, 1986

Basic Function

Checks Daily Cash Register reports against supporting documents to determine check-out cashier/branch cashier’s accountabilities.

EDUCATION

YEAR

SCHOOL/ADDRESS

COURSE

1975-1979

Centro Escolar University

Mendiola Manila

BS in Commerce

Major in Accounting

1971-1975

St. Ignatius Academy

Quezon City

Secondary Course

1965-1971

Piñahan Elementary School

Primary Course

OTHER COURSES TAKEN

DATE FINISHED

SCHOOL/ADDRESS

COURSE

September 16, 1989

Ateneo Computer Center

Makati City

Flowcharting Proficiency

June 17, 1989

Ateneo Computer Center

Makati City

Basic EDP and

Programming Concepts

March 11, 1989

Speechpower

Aurora Blvd., Q. C.

Business Writing

May 29, 1988

Speechpower

Aurora Blvd., Q. C.

English Conversation

Fluency 3

GOVERNMENT EXAMINATION PASSED:

June 1993 - Career Service Examination (Professional Level)

SPECIAL SKILLS/SEMINARS ATTENDED:

1.Setting-up of Financial System using packaged software

2.Windows application

3.Processing of Accounts Payable/Receivable transactions

4.Leadership trainings

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