MS LEINAR CHANGCO, CPA, MBA

Mobile No. +639**-*******

Email Add: adhk7o@r.postjobfree.com

PROFESSIONAL PROFILE

Certified Public Accountant

MBA Graduate from the De La Salle University

Finance management professional with thirty three (33) years combined extensive work experience across various industries (BPO, Shared Services, Consultancy, IT, Manufacturing, Conglomerate, Retail) in different countries.

Possess strong client management skills in building professional relationships, developing successful partnerships and ensuring profitability within the organization.

Adept in developing effective strategies and business plans creating long-range focus on devising innovative methods and tactically implementing those ideas

Exceptional ability to enter new environment and produce immediate results through the use of flexible style and practical skills

PROFESSIONAL EXPERIENCE

Head of Finance (June 3 2020 to July 3 2020)

Oxari Management, Inc.

Responsibilities:

Perform general accounting functions and activities including but not limited to the preparation of monthly management accounts;

Preparation of detailed reconciliations of third-party payment providers;

Preparation of weekly cash movement reports to provide a platform for the Group cash management;

Access and use multiple bank platforms for daily cash reporting and transaction analysis;

Responsible for month-end accounting procedures and reconciliations of financial data flows;

Prepare reports as required and to compile and submit returns including VAT returns;

Improve processes and existing reporting tools within the department;

Maintain a documented system of accounting policies and procedures;

Develop further existing reporting tools to improve automation and accuracy;

Support the finance team towards continuous improvement in a monthly closing timeline and flash reporting accuracy;

Check and analyze costings of all departments;

Enforce financial rules and regulations together with defined codes of practice;

Liaise with external organizations and authorities including external auditors;

Analyze all accounting records and ensure financial data is reliable and gives a true and fair view of the financial position;

Support the CFO with the day-to-day, monthly and year-end operations of the finance department

I Finance Consultant (Feb 2020 to May 2020)

Winery Ph/Glebe House Manila

Responsibilities:

Fnance operations – set up of management core financial processes including, sales invoicing, purchasing and payments reconciliation

Set up of payroll and expense management

Set up of financial reporting and analysis – preparation of regular financial statements P&L, Balance Sheet, Cashflow Statement, key financial management ratios

BIR / SEC reporting and preparation of statutory filings and/or internal audit for year FY2019 and FY2018

Set up of HRIS system

Set up of Xero Accounting Software

nternal Auditor (Director Level) (October 2018 to November 2019)

Center for Educational Measurement, Inc.

Responsibilities:

Prepare and administer an annual audit plan

Plan and oversee audits of operations to assess controls, operational efficiencies and compliance with all policies, procedures and regulations.

Maintain a comprehensive system for recording all audit plans, work papers, findings, reports, and follow-up audits.

Ensure the timely and accurate completion of the audit plan.

Review audit work performed by staff for completion and accuracy.

Prepare and complete detailed audit work for certain audits

Conduct audit exit conferences.

Draft and issue audit reports.

Conduct special audits as required by management and issue results.

Recommend revisions and/or additions to policies and procedures in order to improve operations as well as internal controls.

Perform analysis or conduct projects as requested by the Board of Trustees

Respond to ad hoc requests to address control issues on new business processes, policies and procedures, and provide consultative services to management.

Conduct training of new employees.

Supervises a total of 4 FTE

Reporting directly to the Board of Trustees

Achievements:

Successful set up of the internal audit section thru documentation of internal audit committee charter and internal audit section charter

Identified the organization audit needs thru risk assessment of the entire operations

Conducted the following types of audit in a span of one (1) year

Financial audit

Compliance audit

Investigative audit

Operational audit

Finance Manager-Project Based Consultancy-(January 2018 to October 2018)

Neville Clarke Philippines, Inc.

Engagement

Evaluate Neville Clarke level of compliance with existing BIR laws and regulations. Caution them on procedures and policies that exposes them to potential tax liabilities. Quantify tax exposures, risks and penalties.

Advise client on proper course of action and alternative tax efficient policies and procedures

Respond to correspondence audit/inquiries by the BIR regarding info declared on tax return

Handle FY2013 & FY2016 tax audits in a systematic and efficient manner. Evaluate the validity of assessment. Determine appropriate reconciliation to submit; prepare protests and represent client in meetings and discussion with government agencies

Implement/integrate global cash and banking policies of BSI to Neville Clarke

Initiate the integration of the Global Finance Policies of BSI to Neville Clarke

Achievements:

Successfully brought down FY2013 tax assessment from Php 17.2M to Php 2M thru diligent substantiation, submitted proper reconciliation, proper protest and diplomatic representation with BIR

Successfully brought down FY2016 tax assessment from Php 9.7M to Php 900K thru diligent substantiation, submitted proper reconciliation, proper protest and diplomatic representation with BIR

Instituted reforms on the tax filing, bookkeeping and reporting for the company to be 100% tax compliant in FY2018.

Implemented Tax efficient policies and procedures

Successfully implemented/integrated the global cash and banking policy of BSI into Neville Clarke

Successfully implemented/integrated the global finance policy of BSI into Neville Clarke.

Finance Manager for Shared Services-(June 2014 to March 2017)

Baycorp International

Responsibilities:

Provide global operational direction for Finance Shared Service team.

Direct workflows for all functions performed by Finance Shared Services in accordance with acceptable time schedules, contractual requirements and SLA's.

Develops the strategy of the organization to ensure alignment to the direction of the Financial Shared Services organization, Business Units and Corporation.

Review data and conduct trending analysis to be proactive in addressing potential operational issues.

Manages and administers all SOX Key controls.

Establish and monitor Service Level agreements between business units and the Finance Shared Service Center.

Manage department expenses budget and provide timely forecast update information to corporate finance. Manage and minimize unplanned expenses and ensure actual expense are equal to or less than budgeted levels.Responsible to direct department hiring and terminations as required. Directs the departments training requirements and ensures that timely and effective training is provided to maximize associate effectiveness and efficiency.

Manage performance expectations and career planning. Coach and mentor staff through hands on involvement. Retain top talent according to established metrics.

Build and maintain relationships by collaborating across business units and departments to foster trust, commitment, accountability and results. Sponsor organizational project initiatives and ensures initiatives are implemented and operational.

Ensure issues are resolved in a timely and acceptable fashion to avoid further escalations to senior leadership.

Achievements:

Built effective Transition Plan for Philippines, Australia and New Zealand Shared Services, evident with a detailed and well accepted process documentation.

Drafted Service Level Agreements together with operational metrics for Baycorp Perth, Baycorp Sydney and Baycorp Auckland and obtained approval from internal clients.

Successfully set up the finance shared service center in the Philippines. Met or exceeded the 100% Service Level Agreement and Operational Performance Metrics of the Department.

Successfully prepared Shared Operations Manual for the Shared Services Center. Created the process documentations for the off-cycle transactions and maintained accuracy by performing updates in a quarterly basis.

Improved the quality, reliability and timeliness of finance shared services report information by reducing monthly reporting cycles from 15 days to 5 days.

Developed the Weekly and Monthly Business Management Review for Shared Service Operations

Initiated Activity Based Costing project to determine costs of delivering certain service products and servicing solutions at Baycorp International.

Improved the financial forecasting procedures allowing us to issue accurate and timely forecasts of the shared services

Successfully led the transition of Payroll, Compensation & Benefits processes from Outsource vendor to an In-house Global Payroll team in the Philippines

Successfully led the Data Migration to the newly acquired global payroll system

Global Financial Controller (August 2009 to June 2014)

JMango Holding

Responsibilities:

Managed Global Shared Service Center which services four (4) countries namely: -Philippines, Vietnam, Hongkong and Australia

Oversee the Global Shared Service Finance Team Operations

Motivate and manage team performance. Mentor and develop team lead and members in each of the Finance Section. Identify training needs

Review and analyse current financial processes

Develop program and framework to improve SLAs and KPIs

Ensure continuous business process improvement for cost efficiency and synergies across team

Monitor and report on Global Shared Service Finance Performance against KPIs and SLAs

Develop annual budget for Global Shared Service Finance group and ensure annual expenditure remains with budgeted level

Build and maintain relationships with key stakeholders to ensure effective and efficient service delivery.

Achievements:

Successful transition/migration/set up of shared service processes of Vietnam, Australia and Hongkong to the Philippine Shared Service Center.

Drafted Service Level Agreements together with operational metrics for Vietnam, Australia and Hongkong and obtained approval from internal clients.

Successful set up of the finance shared service center in the Philippines.

Met or exceeded the 100% Service Level Agreement and Operational Performance Metrics of the Department.

Successfully prepared Shared Operations Manual for the Shared Services Center.

Successful transition of the payroll processing of Australia, Hongkong and Vietnam to the Philippines.

Successfully selected and implemented a new general ledger system for from stand alone software to ERP SAP, developing all system input and output requirements, and providing training to internal users

Finance & Administration Manager (March 2000 to August 2009)

Star Philcrafts Mfg., (An Ayala Group Subsidiary)

Responsibilities:

Oversee the finance and administration section for four (4) business streams-ceramics mfg, furniture mfg, commercial print services and trading

Lead plant budget, monthly/quarterly forecast and close processes and deliverables. Including reports, presentations, internal communication and calendar.

Works with site management to improve the plant’s economics, manufacturing and management objectives, and policies. Providing analysis of operations, inventory and assets and recommends strategies for processes and profit improvement.

Analyzes and communicates financial performance of the manufacturing plant through various reporting mechanisms to the Plant Leadership Team, Corporate Leadership and operations staff. Leveraging weekly reporting (Yield Tracking, Efficiency, Production, etc.) & monthly reviews (financial, cycle counts, headcount, OT) to share financial ownership/responsibilities with Plant Leadership Team.

Directs and develops manufacturing variance forecasts. Performs analysis and interprets variances from budgets and standards.

Leads plant product cost analysis and standard cost set up

Manages & monitors working capital at a site level.

Oversees site fixed asset portfolio from a financial perspective. Ensuring proper accounting for site capital projects, recording of costs, depreciation, project execution according to project management policy, identification and accounting for retired or idled assets.

Monitors process effectiveness and efficiency against goals and objectives, taking corrective action as necessary; identifies, implements, and supports complex process improvements.

Leads site inventory management for finance. Analyzes slow-moving inventory on an as needed basis to identify products that are eligible for reserve. Provides direction during routine inventory cycle counts and annual physical inventory.

Safety is a core value at and the Plant Controller promotes position that all jobs can be performed safely and that no job is worth doing that would risk the health, safety, or welfare of the plant employees or community.

Supports Responsible Care initiatives & fulfills accident reporting obligations to the plant.

Develops and manages the finance staff, providing mentorship and performance evaluations

Achievements:

Successfully selected and implemented a new general ledger system from stand alone software to ERP SAP, developing all system input and output requirements, and providing training to internal users. Re-engineered operations, reducing headcount by 20%.

Improved the quality, reliability and timeliness of financial and management reporting information by reducing monthly reporting cycles from 10 days to 3 days.

Implementation of standard costing system, to measure operational costs and effectiveness and apply business improvements at Star Philcrafts.

Instrumental on a project to automate the AP invoicing in the system and reduced 20 hours of time in a month in data processing.

Improved consolidated reports to holding corporate office thru use of Hyperion Software-which involved testing of new system and mapping of accounts

Increased Free Cash flow for the business by partnering with teams across business on managing inventory and working with suppliers on payment terms.

Managed/maximised used of funds which resulted to interest income earnings from money market placements totalling Php 36 million in 10 years

Maintained an audit readiness and controls posture for all the processes as evidenced by a Satisfaction Rating (100% pass) on the conducted Corporate Audit by Head Office at Star Philcrafts Manufacturing Corporation.

Finance Manager (January 1991 to January 2000)

Falcon Cable Holding (an American Multinational Holding Company)

Responsibilities:

Support the Sr. Manager, Business Process Management on major business process transformation projects and system developments, driving change in a quickly evolving business unit.

Participate in workshops and requirements gathering sessions for finance, accounting, FP&A, tax and compensation.

Capture requirements for revenue recognition, A/R, credit & collections, taxation, sales compensation, accounting & financial reporting business processes.

Consult with business and technology SMEs to recommend functional designs that maximize efficiency and internal control.

Map existing finance and accounting processes and recommend solutions that work with changing systems and platforms.

Provide subject matter specialization in revenue recognition, accounting and design of general ledger interfaces.

Implement business processes that take full advantage of system automation.

Implement and monitor internal controls to ensure compliance with company financial policies, accounting practices and adherence to the Company's SOX program standards.

Participate in program launches, ensuring that financial and operational issues are identified and resolved and that changes are implemented successfully.

Cooperate with other work streams and external consultants to ensure alignment of tasks and high-quality work product.

Demonstrate high quality oral and written communication. Deal regularly with all levels of Company management.

Maintain a continuous presence with business partners in the program to understand risks, issues and actions.

Pursue continuous professional development through training, certifications and education.

Achievements:

Due diligence report for all prospective ventures or investments were prepared accurately, efficiently and on the set deadline.

Implementation of the current business systems and processes into various investment ventures of the company.

Senior Auditor (November 1986 to December 1990)

Carlos J. Valdes & Company-Coopers & Lybrand Partner

Responsibilities:

Prepared audit proposals for current and prospective audit clients

Prepared audit program for each audit engagement based on clients profile.

Performed external audit field work based on the audit program

Discussed audit findings and recommendations to audit clients

Prepared audited financial statements and income tax returns for audit clients

Carried out other financial audit (e.g tax audit and management audit)

Trained staff auditors in all audit management aspects

EDUCATION

MBA – De La Salle University (Graduated Year 1997)

BSC Major in Accounting – St. Paul College Quezon City (Graduated Year 1986)

SKILLS ON SOFTWARES

SAP Business One

Netsuite ERP System

Sun 6 Financials

Oracle Hyperion Software

Tax Stream

QuickBooks

Xero

MYOB

ASCII Software

Empleyado Payroll Software

Jeonsoft Payroll Suite

Chris 21 Payroll Software

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