Ador E. Red

CPA

EDUCATIONAL QUALIFICATION

Bachelor of Science in Business Accountancy and Administration (BAA)

University of the Philippines (UP)

Contact Numbers :

Home – (02) – 576-5150

Mobile – 0917- 877-0195

Address : Unit 1223 Cityland Pasong Tamo Tower, Pasong Tamo St., Makati City

SUMMARY OF PERSONAL PROFILE

Work Experience

Experienced in setting up start up business

Experienced in BPO, IT, Telecommunication, Shared Services

Experienced in finance and accounting

Experienced in PEZA Reporting

Preparation of financial and management reports

Preparation of budget, forecast and variance reports

Experienced in multinational organization

Knowledgeable in US GAAP and IFRS

Preparation of feasibility studies

Preparation of sales proposals, tender and presentation.

Implementation of accounting policies and procedures

Vast knowledge and work experienced in taxation

Administration tasks.

Personal

Hold dual citizenship, New Zealand and the Philippines

Self motivated and committed to high quality work

Strong organizational and people skills

Ability to quickly learn new software packages

Strong interest in computers and tools

Ability to effectively communicateto a variety of people at all levels

Good customer and client relationship

OTHER SKILLS

Microsoft Software – Excel, Power point, Microsoft project, Microsoft Access

Accounting Software – SAP, Oracle, SBT, CBA, Accpac, Peachtree, Hyperion

ACCOMPLISHMENTS TO DATE

Internal Controls

Developed Internal controls that successfully scaled as the company progressively grew in terms of revenue and to ensure that material weaknesses are being avoided.

Timely, accurate and relevant information

Accelerated the Accounting reporting process, ie.( Monthly, Year-end) from 7 working days to 5 working days, Improved the process from entity based to process based.

Developed Working Relations with different division/department heads

Met with different Division/Departmental heads to understand their accounting information requirements and defined the reports that met their needs.

Improved Net Profits Results and Working Capital

By Improving working relationship with banks, creditors and most importantly with all the employees the net effect is improvement in the net results of the organization.

Managed big and small accounting teams

Managed to motivate staff and complete tasks well within the prescribed deadline

Provided technical expertise and leadership to Finance and Operations personnel

Set up accounting and finance team.

Initiated strategic revenue planning, tax initiatives, budget and forecasting

EMPLOYMENT RECORD

PERIOD – August 2009 – September 2017

COMPANY- Resources Philippines Inc.

Position Chief Accounting Officer(CAO)

Reporting to Global Chief Financial Officer (CFO)

Resources Philippines is a Shared Services company, provide full aspect of accounting services and Information Technology in the Philippines. Our global office is located in Paris, France.

We are a shared services company, we provide accounting, treasury, Information Technology (IT), Human Resources and tax services to nine (9) advertising companies all based in the Philippines.

As a CAO, my role is to ensure that all accounting functions in behalf of our clients are being done on time, accurately and with the approval of all clients Chief Finance Officer (CFO).

•It is my role to ensure that all services being provided are within the Service Level Agreement (SLA) and in accordance with the policies and procedures implemented by the head/global office.

•It is also my role to run the operation smoothly of our organization and to meet up with the clients monthly and discuss the monthly performance of my team and let them know if they are diverting from the normal internal controls.

•Spearhead tax initiatives for the company and the clients and find out their day-to-day information technology (IT) requirements.

•Ensure that the operations of our shared services including all our clients are in-line with the global accounting policies and procedures.

•Manage and drive improvements in working capital and control financial risks

•Financial Reports and forecasts are being done accurately, on time and in line with the official procedures ie IFRS.

•Ensuring adequate internal controls and high-quality operational processes are in place.

•In charge of informing the clients of any changes in the policies, reporting deadlines, reporting structures and any changes in the accounting system.

•In charge of the following tasks:

Accounts Payable

Accounts Receivable

Treasury

General Ledger

Financial Reports

Statutory Requirements

Audit (Internal and External)

Payroll

PERIOD April 2005 up to July 2009

COMPANY Access Worldwide Philippines (AWWC) Inc.

Position Head of Accounting and Finance

Reporting to Chief Financial Officer (CFO) – USA

Access Worldwide is a Business Process Outsourcing (BPO) organization that provides voice, data and back office services in the US, with different offices in various part of United States of America.

ACHIEVEMENTS/MILESTONES/RESPONSIBILITIES

•Set up the accounting department of the organization in the Philippines.

•Increased working capital against budget in only one year by re-designing process, cutting costs; improve relationship with the banks and vendors.

•Developed number of accounting policies i.e. capital process of assets, accounts payables and others to put control and guidance in the organization.

•Improved operating expenses by restructuring organization and implementing policies and control across all operational divisions.

•Provided accurate cost analysis in the U.S. for the sales proposals to existing clients and prospective clients

•Provided timely, accurate and in accordance with the Local GAAP and US GAAP financial reports to the head office in the US.

•Developed and designed cost and sales budgets/forecasts of the organization, monthly, quarterly and annually.

•In-charged of all PEZA reports for regular and timely submission to the governing body.

•Monitored the cash requirements of the company regularly.

•Provided accounting services to head office i.e. processing of accounts payables and receivables.

•Developed and formed the accounting payables/receivables team in the Philippines.

•Developed accounts payable policies in strict coordination with the Purchasing Department.

•Reduced staff turn-over by re-designing compensation and improving communications.

•Identified staff vacancies and recruit, interview and select applicants.

•Developed and implemented purchasing policy.

•Provided early warning for any changes to local economic environment or financial information to corporate office.

PERIOD – July 2001 up to March 2005

COMPANY- One Opsis Inc. (formerly Datacraft )

Position - Chief Finance Officer (CFO)

Reporting to Regional CFO/President

RESPONSIBILITIES

•Provided timely and accurate financial advice to the President and Senior Management Group to use as a tool in management decision

•Attended and preside on all financial meetings of the company.

•Prepared the business plan of the organization.

•Kept the working capital (trade accounts receivable, inventory and trade accounts payable) into the minimum level or level set by head office.

•Prepared monthly financial and management reports to be submitted to head office.

•Prepared analysis of financial and management reports.

•Prepared budget and forecast of the organization. Monthly, Quarterly and Annually.

•Monitored cash flow of the region and ensure that all commitments are being met and invest surplus fund to the best possible term.

•Provided strict accounts receivable/payables procedures.

•Provided accounting services to the subsidiaries of the Company, such as; accounts payables/receivables services.

•Developed internal policies of the company both financial and operational.

•Liaised with internal/external auditors, banking/financial institutions and other government department.

•Monitored and maintained the financial and administrative requirements of the other companies belong to the organization.

PERIOD – August 1997 up to April 2001

COMPANY- Alcatel Philippines Inc.

Position - Accounting Manager/Operation Manager

Reporting to Chief Financial Officer (CFO)/Regional Operation Manager

RESPONSIBILITIES

•Took a lead role in introducing and presenting new products to existing and prospective clients.

•Prepared financial requirements of sales proposals i.e. ROI, payback period and others.

•Interpreted commercial aspect of the contract, any change order or variances can be incorporated or explained.

•Motivated and supported commercial and operational team

•Prepared monthly financial reports such as Profit and Loss, Balance Sheet and Cash Flow using ACCPAC and Microsoft Excel spreadsheet to be submitted to the regional office.

•Prepared monthly management and variance reports to be submitted to the regional office.

•Participated in management meetings and provided reports as required.

•Monitored the cash flow of the region to ensure that all commitments are met.

•Prepared annual, quarterly and monthly budget using Excel spreadsheet.

•Ensured that actual financial result is in-line with the budget.

•Monitored accounts receivables and review debt collection procedure regularly.

•Reviewed and ensured that statutory obligations are being met on time. Such as BIR requirements, SSS, SEC and others.

•Coordinated with internal and external auditors and other Government agencies. Coordinate and liaised with the banks relating to any banking transactions.

•Supervised Staff.

PERIOD – `` January 1989 up to June 30, 1997

COMPANY- Department of Social Welfare of New Zealand

Position - Financial Analysts/Finance Manager

Reporting to Regional Director

RESPONSIBILITIES

•Prepared the annual budget and business plan using Microsoft Word and Excel.

•Prepared monthly financial reports such as Profit and Loss, Balance Sheet and Cash Flow using SAP and CBA (Cowan Bowman and Associates) accounting system.

•Monitored income and expenditures and advice the Regional Director on any major variations to budget and/or financial results.

•Monitored the cash flow of the region to ensure that all commitments are met and surplus is invested within the guidelines set by the Department.

•Managed the Central Region by:

•Advised and worked with the Regional Director to carry out the mission of the Department

•Prepared and completed the business plan of the department

•Worked with co-managers as a leadership group to plan, monitor and communicate.

•Implemented and managed the CBA computerized accounting system of the department.

•Attended to legal requirements of the company i.e. Rental contracts and others.

•Monitored and supervised building administration requirements of the company.

•Reviewed and approved payroll of the company.

•Approved statistical and statutory returns such as GST, PAYE and ACC.

PERIOD – January 1985 - October 1988

COMPANY- Sycip, Gorres and Velayo (Ernst and Young)

Position - Auditor

Reporting to Audit Manager

RESPONSIBILITIES

Ensures compliance with established internal control procedures by examining records, reports, operating practices, and documentation.

Verifies assets and liabilities by comparing items to documentation.

Completes audit work papers by documenting audit tests and findings.

Appraises adequacy of internal control systems by completing audit questionnaires.

Maintains internal control systems by updating audit programs and questionnaires; recommending new policies and procedures

Communicates audit findings by preparing a final report; discussing findings with Clients.

Perform audits for business operations, finances, compliance with policies and procedures.

Oversee audit planning and reporting activities according to established policies.

Assist in risk assessment and mitigation activities.

Coordinate with team to review audit findings.

Prepare reports with audit findings and recommendations.

Evaluate current audit procedures and recommend improvements.

Communicate audit status to management on regular basis.

Discuss with management about audit observations, recommendations and actions to be taken

Analyze and resolve audit issues in a timely fashion

Contact this candidate