Accounts Payable Financial Analyst
Resume:
JORGE JR. LUNZAGA
Certified Public Accountant
Silang, Province of Cavite, 4118
+639********* - ************@*****.***
PROFESSIONAL SUMMARY
Highly accomplished CPA with 23 years of experience in the Philippines' Official Depository Bank and a major Government Owned and Controlled Corporation, specializing in internal control, compliances, financial statement preparation/analysis, budgeting, accounts receivable, accounts payable, payroll, remittance of final taxes and taxes withheld from suppliers’, reconciliation and monitoring of accounts and subsidiary/general ledger accounting. Proven ability to manage and optimize an annual budget exceeding P800 million, generating over P50 million in annual savings, which facilitated the establishment of two cash centers and three branches. Auditing experience as a private practitioner. Seeking leverage expertise in internal control and private practice to contribute significantly to a new role. SKILLS
• Financial Reporting and Analysis
• Budget Management and Monitoring
• Accounts Receivable
• Accounts Payable
• Payroll
• Remittances of Government Mandatory Premium Contributions and Loan Repayments
• Remittances of Final Taxes and Taxes Withheld from Suppliers
• Reconciliation of Accounts
• Compliances with Regulatory and External & Internal Audit Requirements
(Central Bank, Bureau of Internal Revenue, Commission on Audit and Land Bank Field Operations Audit Department)
• Internal Audit
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WORK HISTORY
06/2024 to Current Internal Auditor
Adventist University of the Philippines
Silang, Province of Cavite, Philippines
• Conducted full scope operations audit of the Health Foods which resulted to the following: delineation of the accountant and cashiering functions, renewal of license to operate and certificate of product registration, renewal of certification/clearance from the Department of Environment and Natural Resources (DENR) on solid waste management, conduct of daily cash count every end of business day by the cashier, remittance of all daily cash and check collections not later than the day after receipt date, correct receipting of sales, creation and use of internal delivery receipt for the distribution of finished products from the Health Foods to various outlets within the university, authorization and approval of flexible work arrangement of Health Foods personnel, improved processes on the approval and authorization of overtime, improved processes on the checking and payment of overtime claims and enforcement of quality control, production supervision, safety and sanitation, raw materials and finished goods inventories handling.
• Conducted full scope operations audit of the Human Resource Department which resulted to the following: approval of Employment Contracts of new hires with effectivity dates and compensation package details by the Administrative Council/Board of Trustees, more effective and efficient time keeping and leave administration, improved processes on the approval and authorization of overtime, improved processes on the validation and accurate computation of overtime claims, updated service records and 201 files (employment history documentation) of all faculty and staff, compliance to the occupational health and safety mandatory trainings of all designated safety officers, quarterly conduct of fire/earthquake drill of all faculty and staff by the bureau of fire protection, revision of the performance evaluation tool for faculty and staff to include weight per key function, pre-enrollment/pre - identification and nomination of employees by their respective office managers to future seminar and trainings.
• Conducted special audit of the physical plant and facilities development department which resulted to the following: 26 Page 3 of 9
recommendations aimed to improve existing bidding process and payment of infrastructure projects, submitted proposal on the bidding and procurement process including Bids and Award Committee composition, submitted proposal for the insourcing and outsourcing of infrastructure projects.
• Conducted full scope operations audit of the advancement office which resulted to the following: revision of the detailed procedures for fundraising activities and strict compliance with the submission of post-activity evaluation report particularly submission of financial statements, strengthening of controls for fixed/long-term expense assets including monitoring and reporting, enforcement of the oversight functions on the review of expense report protocols and documentations, strengthening of the petty cash handling and administration functions, updating of the contents of the university website, improvement on press releases functions considering results of post-activity evaluations, improved budget utilization and monitoring and use of matrixes in measuring effectiveness of fundraising activities, alumni engagements and promotional/marketing campaigns.
• Conducted surprise cash counts of all cash/income generating centers which resulted to the centralization of daily cash and check collections, remittance within the day of cash collections, intact collections, correct receipting of sales,
streamlined/improved expense documentation & reporting, delineation of the accountant and cashiering functions, improved petty cash handling and administration, creation of a well-defined backup/reliever plan, creation and use of internal delivery receipt for the distribution of finished products from the Health Foods to various outlets within the university, and non-receipt of post- dated checks as payment.
• Submitted Proposed Guidelines and Detailed Procedures for the Set-Up and Administration/Increase of Petty Cash Fund.
• Submitted Internal Audit Charter for executive championing. 03/2022 to 05/2024 Division Chief – Control & Analysis Division/Controller Land Bank of the Philippines – Bukidnon Accounting Center Malaybalay, Province of Bukidnon, Philippines
• Checked the accuracy and ensured the timely submission of the Financial Reporting Package System reports of eight Bukidnon Branches with attached units including Wao, Lanao Del Sur Branch, to the Head Office and Bangko Sentral ng Pilipinas which Page 4 of 9
resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2022 to 2024.
• Checked the accuracy and ensured the timely submission of the daily Capital Adequacy Ratio Consolidator reports of eight Bukidnon Branches including Wao, Lanao Del Sur Branch to the Head Office and Bangko Sentral ng Pilipinas which resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2022 to 2024.
• Checked the accuracy and ensured the timely submission of Performance Highlights, Reports on Income and Expenses, Gross Loan Portfolio, Gross Income on Loans, Schedule of Accounts Receivable and Accounts Payable to the Head Office, Branches, Commission on Audit and Bangko Sentral ng Pilipinas which resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2022 to 2024.
• Checked the Financial Statements & Budget Variance Report of all Bukidnon Branches/Units including Wao Branch to ensure its accurate and supplemental budget/budget transfer effected within the unit and from corporate pool are approved.
• Strengthened the enforcement of controls on Disbursement Order processing resulting to improved budget monitoring, fund allocation, turn-around time and zero audit findings for three consecutive audit reviews.
• Improved Budget Utilization of the Php 800 million+ annual operating expenses budget and enforced the approval of all budget transfer requests prior to certifying the availability of funds which resulted to savings of Php 50 million+ and the creation of two Cash Centers and two more Branches within the Province.
• Accurately inputted and deleted all income and deduction items of bank personnel within the clustered area in the Payroll Management Systems which resulted to no employee complaints, no audit exceptions, timely payment of overtime claims and 100% remittance of mandatory government deductions since 2022 to 2024.
• Checked and ensured accurate and timely remittance of final taxes and taxes withheld from suppliers which resulted to no penalties from the Bureau of Internal Revenue and no audit exception from 2022 to 2024.
• Checked that reconciliation of interbranch transactions, accounts receivable, accounts payable, sundries, mandatory premium contributions and loan repayments are closely monitored, reconciled, and updated which resulted to zero long outstanding Page 5 of 9
items or beyond 30 days float, no findings for the last two audit periods and 100% remittances of mandatory government premium contributions and loan repayments.
• No notices of disallowance and suspension for all disbursed funds of the Bank from the Commission on Audit since 2022 to 2024.
• Ensured timely and accurate verification and sight verification of all daily bank transactions which resulted to no audit findings since 2022 to 2024.
• Project Leader in the successful establishment of Malaybalay Central Storage Room in 2012 and managed the orderly and systematic archival and retrieval of all bank documents/records since 2022 to 2024.
• Supervised, directed, and trained new hires/transferees in the division.
• Coordinated functions in the division, with branches, regional offices, and head office units.
• Ensured that bank policies, procedures, guidelines, and security controls are strictly implemented.
• Performed other related functions.
02/2012 to 02/2022 Assistant Division Chief - Control & Analysis Division/Controller Land Bank of the Philippines – Bukidnon Accounting Center Malaybalay, Province of Bukidnon, Philippines
• Checked the accuracy and ensured the timely submission of the Financial Reporting Package System reports of eight Bukidnon Branches with attached units including Wao, Lanao Del Sur Branch, to the Head Office and Bangko Sentral ng Pilipinas which resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2012 to 2022.
• Checked the accuracy and ensured the timely submission of the daily Capital Adequacy Ratio Consolidator reports of eight Bukidnon Branches including Wao, Lanao Del Sur Branch to the Head Office and Bangko Sentral ng Pilipinas which resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2012 to 2022.
• Checked the accuracy and ensured the timely submission of Performance Highlights, Reports on Income and Expenses, Gross Loan Portfolio, Gross Income on Loans, Schedule of Accounts Receivable and Accounts Payable to the Head Office, Branches, Commission on Audit and Bangko Sentral ng Pilipinas which Page 6 of 9
resulted to 100% accurate reports, zero penalties and zero memo on discrepancies from 2012 to 2022.
• Checked the Financial Statements & Budget Variance Report of all Bukidnon Branches/Units including Wao Branch to ensure its accurate and supplemental budget/budget transfer effected within the unit and from corporate pool are approved.
• Strengthened the enforcement of controls on Disbursement Order processing which resulted to improved budget monitoring, fund allocation, turn-around time and zero audit findings for three consecutive audit reviews.
• Improved Budget Utilization of the Php 800 million+ annual operating expenses budget and enforced the approval of all budget transfer requests prior to certifying the availability of funds which resulted to savings of Php 50 million+ and the creation of two Cash Centers and two more Branches within the Province.
• Accurately inputted and deleted all income and deduction items of bank personnel within the clustered area in the Payroll Management Systems which resulted to no employee complaints, no audit exceptions, timely payment of overtime claims and 100% remittances of mandatory government deductions since 2012 to 2022.
• Checked and ensured accurate and timely remittance of final taxes and taxes withheld from suppliers which resulted to no penalties from the Bureau of Internal Revenue and no audit exception from 2012 to 2022.
• Checked that reconciliation of interbranch transactions, accounts receivable, accounts payable, sundries, mandatory premium contributions and loan repayments are closely monitored, reconciled, and updated which resulted to zero long outstanding items or beyond 30 days float, no findings for the last two audit periods and 100% remittances of mandatory government premium contributions and loan repayments.
• No notices of disallowance and suspension of all disbursed funds of the Bank from the Commission on Audit since 2012 to 2022.
• Ensured timely and accurate verification and sight verification of all daily bank transactions which resulted to no audit findings since 2012 to 2022.
• Project Leader in the successful establishment of Malaybalay Central Storage Room in 2012 and managed the orderly and systematic archival and retrieval of all bank documents/records since 2012 to 2022.
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• Supervised, directed, and trained new hires/transferees in the division.
• Coordinated functions in the division, with branches, regional offices, and head office units.
• Ensured that bank policies, procedures, guidelines, and security controls are strictly implemented.
• Performed other related functions.
06/2011 to 01/2012 Division Chief – General/Subsidiary Ledger Land Bank of the Philippines – Bukidnon Accounting Center Malaybalay, Province of Bukidnon, Philippines
• Checked and ensured the correctness and completeness of daily bank transactions parked in the Field Management System (FMS) against source documents before posting.
• Checked the daily general posting journal for mis-postings, abnormal balances and recommend reclassification and adjusting entries to financial analysts and bookkeepers.
• Checked and parked entries made daily by Financial Analyst in the SAP subsidiary ledger.
• Checked and ensured that manual subsidiary ledgers of all identified accounts were updated daily and balances always tally with general ledger.
• Primarily responsible in ensuring that all source documents of bank transactions as transmitted to the Accounting Center are approved and complete per daily transmittal slip.
• Developed high-performing teams through effective recruitment, training, and mentoring programs.
• Reduced operational costs, identifying areas of inefficiency and implementing cost-saving measures.
• Enhanced team performance by implementing strategic management plans and setting clear objectives.
02/2008 to 05/2011 Financial Analyst
Land Bank of the Philippines – Bukidnon Accounting Center Malaybalay, Province of Bukidnon, Philippines
• Prepared and submitted within deadline accurate financial statements, budget variance reports, monthly schedules, reconciliation of accounts and bank statements of two branches.
• Prepared accurate remittances of employee contributions, final and withholding taxes, premium contributions, and loan Page 8 of 9
repayments to Land Bank of the Philippines – Provident Fund, Government Service Insurance System, Social Security System, Home Development Mutual Fund and Bureau of Internal Revenue.
• Prepared monthly fixed assets schedule including accurate computation of monthly depreciation.
• Prepared, Monitored and Reconciled Accounts Receivable, Accounts Payable and Sundries monthly.
EDUCATION
05/2013 to 05/2014 MBA: Business Administration and Management Southwestern University - Cebu City, Province of Cebu, Philippines GPA: 3.8 Excellent
05/1995 to 03/1999 Bachelor of Science: Accountancy Liceo De Cagayan University - Cagayan De Oro, Province of Misamis Oriental, Philippines
GPA: 3. 7 CUM LAUDE
• Consistent Dean's Lister from the first semester of school year 1995-up to graduation.
• Full Academic Scholar from second semester of school year 1995- 1996 up to graduation.
• Presidential Decree 907 (PD 907) Civil Service Professional Eligibility for Honor Graduates awarded by the Philippine Civil Service Commission
06/1995 to 03/1999 Bachelor of Science: Commerce Major in Marketing Liceo De Cagayan University - Cagayan De Oro, Province of Misamis Oriental, Philippines
GPA: 3.7
• Consistent Dean's Lister from the first semester of school year 1995-up to graduation.
• Full Academic Scholar from second semester of school year 1995- 1996 up to graduation.
• Presidential Decree 907 (PD 907) Civil Service Professional Eligibility for Honor Graduates awarded by the Philippine Civil Service Commission
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OTHER INFORMATION
• Certified Public Accountant (CPA)
• Certificate of Accreditation for the Public Practice of the Accountancy Profession
• Member, Philippine Institute of Certified Public Accountants (PICPA)
• Member, Institute of Internal Auditors Philippines/Global
(IIA)
• Elder, Musuan SDA Church at Central Mindanao
University, Musuan, Bukidnon (2016 - 2021)
• General Sabbath School Superintendent, Musuan SDA Church at Central Mindanao University, Musuan, Bukidnon
(2022 - 2024)
PERSONAL INFORMATION
Name : JORGE B. LUNZAGA JR.
Birthdate : August 15, 1978
Sex : Male
Civil Status : Married
Religion : Seventh-day Adventist
Height : 1.737 Meters
Weight : 75 Kilos
Blood Type : A+
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