CPA PRACTITIONER / PROPRIETOR

RT Ladiasan Accounting, Audit, Tax & Consulting Services

October 2018 - Now

RT LADIASAN, ACCOUNTING, AUDITING, TAX, & CONSULTING SERVICES is a duly registered sole proprietorship duly registered in the Philippines that provides businesses, entrepreneurs, and individuals with accounting, tax, auditing, business advisory, training, seminar, and tutorial services that exemplify the highest standards of quality, performance, and service. The business goal is to help clients reach their goals, equip them with relevant knowledge and skills indispensable to their business or career advantage, and to add value to their business or career through professional excellence and highest ethical standards.

RISK MANAGEMENT OFFICER

United Cooperative Assurance (Joint Stock/Listed Company), Jeddah, Saudi Arabia

August 2015 - September 2018

Functions, roles, and responsibilities:
1. Involved in the implementation of the company’s enterprise risk management framework.

2. Involved in the risk register preparation and render assistance in its preparation concerning other departments which covers risk identification and assessment. Risk Assessment herein includes inherent risk assessment, which covers risk likelihood and severity, and control effectiveness to effectively assess the level of residual risk.

3. Involved in the formulation of risk appetite and tolerance statements, mitigation, strategy, and monitoring.

4. Actively involved in the preparation of the company’s business plan and risk management report, as well as prepared performance reports (monthly, quarterly, and yearly) to the CEO and Senior Managers.

5. Prepared Preliminary Financial Statements from Trial Balance and related Schedules forwarded by the Finance Department and Analyzed the same and rendered reports thereto.

6. Performed financial, statistical, and risk analysis of the company’s insurance portfolio, and time-series analysis to forecast the company’s written premium.

7. Prepared business valuation of the company using the Free Cash Flow/Discounted Cash Flow Method. The results herein are also necessary to comply with the Goodwill Impairment Test, done annually, as required by the company’s external auditor.

8. Rendered and prepared market risk analysis of the company’s stock position using statistical techniques.

9. Analyzed and prepared company’s solvency and capital requirement position, and performed scenario and sensitivity analysis of the company’s operational results and financial position.

10. Assisted the chief risk manager with regard to answering queries relating to the company’s financial condition by the Saudi Arabian Monetary Agency (SAMA).

11. Undertook research relative to Saudi Arabia’s economic status, the GCC, as well as for the different sectors’ financial and economic position particularly in the insurance sector.

FINANCIAL ANALYST

Retaaj Distinct Business Investment Company, Jeddah, Saudi Arabia

May 2014 - August 2015

Functions, roles, and responsibilities:
1. Prepared and analyzed financial statements such as balance sheet, income statement, and statement of changes in equity and cash flows.

2. Assisted in the analysis of the company’s portfolio investments both equity and alternative (Private Equity), whether local (Saudi Companies) and foreign investments, and rendered reports thereto.

3. Analyzed proposed alternative investments initiated by fund managers like Abraaj Capital InvestCorp, Carlyle, and others.

4. Analyzed and monitored corporate fundamentals of direct investees in Saudi Arabia and abroad. Direct investees include Toys R Us, Egyptian Gulf banks, Nesma Construction Company, National Shipping Company, SABIC, and Other listed companies in Saudi Arabia.

5. Conducted Research and analyzed other types of potential investments.

FINANCIAL ANALYST

United Cooperative Assurance (Joint Stock/Listed Company), Jeddah, Saudi Arabia

July 2012 - April 2014

Functions, roles, and responsibilities:
1. Prepared monthly, quarterly, and yearly performance reports to the CEO and Senior Managers.

2. Prepared Preliminary Financial Statements from Trial Balance and related Schedules forwarded by the Finance Department and Analyzed the same and rendered reports thereto.

3. Took an active role and significant part in the preparation of company’s budget for a year, and made a five-year forecast of the income statement, balance sheet, and statement of cash flows.

4. Prepared business valuation of the company using the Free Cash Flow/Discounted Cash Flow Method. The results herein are also necessary to comply with the Goodwill Impairment Test, done annually, as required by the company’s external auditor.

5. Industry Analysis – benchmarked company’s performance with the top-performing Saudi insurance companies and with the insurance industry as a whole.

6. Analyzed Receivables and did other corporate finance functions.

7. Financial Modelling and prepared dashboard reports, which focus on key performance indicators, using advanced excel and visual basic application or macros.

ASSISTANT ACCOUNTS MANAGER

Gulf Union Cooperative Insurance Company (Joint Stock/Listed), Dammam, Saudi Arabia

April 2010 - April 2012

Functions, roles, and responsibilities:
1. Responsible for Accounts Receivable Management and Collections and their corresponding analysis

2. Monitored and ensured customers compliance with their contractual financial obligations.

3. Rendered monthly management reports to different managers, including the CEO, and recommending appropriate actions to ascertain compliance with the regulatory rules and regulations and company policies.

4. Assisted in the preparation of financial statements and management reports.

5. Other functions and responsibilities assigned by the Finance Manager in the exigency of service.

CHIEF ACCOUNTANT

Rawabi Group of Companies Company (Joint Stock/Listed), Al Khobar, Saudi Arabia

January 2009 - March 2010

Functions, roles, and responsibilities:
1. Supervised the routine accounting task in the department on day to day basis.

2. Supervised and ensured an accurate and timely monthly, quarterly and year end closing.

3. Ensured all monthly, quarterly and annual financial reports are submitted on time.

4. Ensured accurate and timely processing of payroll.

5. Performed the monthly, financial reconciliation for selected general ledger account, suppliers and inter-group transactions.

6. Coordinated with treasury department relative to inter-group transactions, current account balances as well as debit / credit note transactions.

7. Responsible for the management of fixed assess which included proper accounting, reconciliation, tagging and physical verification.

8. Ensured timely reconciliation of bank on monthly basis.

9. Provided support and training of subordinate staff as required.

10. Coordinated with external auditors to ensure that an annual audit is completed on time.

11. Worked with the Group Financial Controller or with the Financial Officer in all matters related to Management Reporting.

ASSISTANT CITY ACCOUNTANT (ASSISTANT HEAD OF THE ACCOUNTING AND INTERNAL AUDIT DEPT.)

City Government of Cotabato, Philippines

February 1999 - January 2009

Functions, roles, and responsibilities:
1. Supervised the routine accounting and auditing task on day to day basis such as ascertaining the accuracy, completeness, regularity, authorization, existence, and recording of transactions and that all supporting and necessary documents pertaining to collections and disbursements were complied with before affixing my signature thereon. Ensuring and verifying the accuracy of journal entries and their proper posting to respective special journals to ascertain the accuracy of financial reports or statements;

2. Ascertained that concerned government disbursements were in accordance with the promulgated accounting and auditing rules and regulations of the Commission on Audit (COA) to prevent disallowance of irregular, unnecessary, excessive, extravagant or unconscionable expenditures, or uses of government funds and properties;

3. Supervised the implementation and monitoring of the recommended/directed actions of the Commission on Audit (COA) for the proper functioning and further strengthening of the prevailing internal control system;

4. Performed analytical procedures such as comparative or variance analysis, budgets, forecasts, ratio analysis and other analytical techniques to assist in the determination of abnormalities of transactions and to facilitate/expedite the monitoring and review of suspicious transactions. Materiality and risk assessment, however, are given preference and taken into consideration;

5. Supervised or assisted the provisioning of the requested documents, reports, schedules and other related papers or communication as per request by the Commission on Audit to aid the audit team in the performance of their functions and which will form part of their audit working papers and evidence;

6. Prepared or assisted in the preparation of internal memos, directives, or instructions designed to strengthen internally an effective and efficient accounting and internal audit functions;

7. As a concurring function with City Budget Office, I supervised the determination of the sufficiency or availability of appropriation and allotment with respect to obligation submitted before proper accounting and auditing of the same should be done;

8. Supervised and assisted in the preparation and analysis of financial statements and reports;

9. Supervised and assisted in financial planning or budget preparation for submission and appropriate action of the Chief Executive and Sanggunian;

10. Supervised, encouraged, and maintained good working relationship between supervisor and subordinates and played a supervisory role in dispute resolution internal to the office or affecting personnel of other departments;

11. Assisted in the determination of relevant training or seminars which will aid in improving and strengthening of the accounting and internal audit functions;

12. Performed such other duties and functions as prescribed by law.

ACCOUNTING LECTURER

Notre Dame University, Cotabato City, Philippines

July 1999 - March 2000

1. Lecturer in refresher courses for graduating accountancy students and basic accounting for non-accountancy students which include financial accounting, management accounting, and taxation