David Rey Moreno

Accountant of one of the newly acquired company of QIMA which is the CCLab Kft., a Hungarian company. Perform the end to end accounting process, including month-end closing activities, budgeting and forecasting analysis, project controlling tasks and other adhoc tasks/requirements. Ensure compliance with IFRS and Hungarian accounting standard requirements. Assists in preparation of local and Group audit.

Key Achievements:

• Initiate transfer of tasks from the previous accountant to QIMA.
• Enhanced company budget accuracy through thorough analysis of general ledger accounts and identification of discrepancies.
• Improved local Chart of accounts of CCLab to have easy mapping with QIMA accounts.
• Increased efficiency in account reconciliations (e.g. bank reconciliation file) with the implementation of automated tools and standardized templates.
• Improved interdepartmental communication by providing clear explanations of complex accounting concepts to non-financial staff members.
• Collaborated with cross-functional teams to address accounting issues, resulting in improved resolution times for discrepancies.
• Assisted in the development of annual budgets, providing input on historical trends and anticipated future expenses.
• Facilitated smooth transitions during mergers and acquisitions through diligent review and integration of acquired companies'' financial records into the general ledger system.

The role focuses on delivering timely quality service to the Front Office to ensure all requests for designated clients are met, ensuring any client/investor queries are responded to within 24hrs. Complete first review on designated Client work and perform second reviews for other teams as required. Ensure that KPIs are developed, implemented and reported quarterly in accordance with aged SLA’s. Prepare quarter end timetable for all client work and manage quarter end process to ensure all deliverables adequately resourced and completed on time. Maintain regular contact with Front Office through weekly phone calls and emails detailing upcoming deliverables and progress thereof. Assist with new business take on where required. Ensure Year End reports and deliverables are met as scheduled.

Key Achievements:

• Spearheaded a team of junior accountants, providing mentorship and guidance to improve efficiency and accuracy in their work.
• Spearheaded a team to ensure the completion of the migration of new clients into the accounting system with minimal issues/discrepancies.
• Increase efficiency by improving the desktop procedures to be used in performing the tasks.

The role focuses in performing the end to end accounting process of an Australian Company using Xero Accounting System. Performs daily and monthly bank reconciliation. Performs weekly payroll processing. Managing Accounts Receivable and Payable. Performs month end closing activities and reports, including for Tax purposes, and other adhoc/admin tasks. Managing daily transactions, including requests by the clients. Ensuring that the company is in compliance with accounting standard.

Key Achievements:

• Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
• Improved the payroll file by implementing auto formulated that resulted in reducing time spent doing the payroll process (from 8hrs weekly to only 4hrs).
• Implementation of PO system to have proper approval process of expenses.
• Reviewed the historical data and propose some journal entries to clean up old and obsolete transactions.
• Creation of the Desktop procedures specific for clients handled, in order to have easy and smooth transition for the successor of the process.

The role focuses on performing recording of check payments, pre-audit of disbursement vouchers, posting of payment advice, recording of liquidation reports, monitoring of cash advances, monitoring of budget against actual expenses/disbursements and posting of collections and receipts. Performing of inspections for any transactions made by all offices. Implement policies and procedures that ensure adequacy of internal controls, safekeeping of assets, efficient operations and compliance with GAM accounting rules, as per COA regulations. Perform month end accounting activities including posting journal entries and recommends adjustments on financials.

Key Achievements:

• Improved efficiency by doing the 1st review on all the vouchers before it will be signed by Head of Accountant.
• Improved accuracy of financial records with diligent tracking of expenses, budgeting, and invoice processing.
• Demonstrated adaptability by quickly mastering new software applications as needed for various tasksprojects.

The role focuses on providing timely and accurate financial information and a basic analysis of that information to clients. Implement policies and procedures that ensure adequacy of internal controls, safekeeping of assets, efficient operations and compliance with GAAP accounting rules, as appropriate. Assists in development of long-term strategies for growth and maintenance of department resources. Perform month end accounting activities including posting journal entries, booking of estimates and recommends adjustments on financials and suggesting notes.

Key Achievements:

• Improvement of expense review by implementing automation of reports to be used in doing the analysis and 12-month review process.
• Successful migration and transition of new clients to the Real Page accounting system.
• Spearheaded the implementation and improvement of monthly Balance Sheet reconciliation.
• Optimized month-end closing procedures by streamlining workflow processes, reducing time taken from 10 days to 5 days without compromising accuracy or detail level achieved.

Completes pre-closing activities through checking and review of balance sheet and P/L accounts and its profit centers, cost centers and dummy ARAP transactions. Process daily and monthly journal entries, perform Balance Sheet Reconciliation, perform variance analysis for assigned balance sheet accounts. Assist in audit requirement, tax Reports for some Legal Entities. Respond to GL Inquiries and participate in monthly operational calls. Perform periodic Fixed Asset Accounting. Solving EAI errors, perform Financial Reporting Analysis, Cost Center Reports and Globalfore Reports.

Key Achievements:

• Improved the Balance Sheet Reconciliation files to have a more standardized supports, especially the prepayments and AR/AP accounts.
• Managed one of the biggest entity of Bombardier which is UK with full cycle of manufacturing accounting process.
• Checking and review on the historical data and proposal of the clean up of some transactions in order to have smooth in performing the balance sheet reconciliation.

Key Responsiblities:

• Performs daily bank reconciliation and monitoring of all bank accounts of entities handled. Performs weekly Cash Planner Reporting. Initiates batch and manual payments in the bank portal. Requests for weekly funding for salaries, taxes and trade payables. Performs month end closing activities. Perform balance sheet reconciliation for Cash and AR accounts. Respond to ARCM inquiries and Participate in monthly operational call. Raising journal entries to GL for cash related transactions. Performs KPI for Suspense Account. Preparation and management of Loan working files. Preparation, posting and issuance of PCG (Parent Company Guarantee) invoices.
• Sending of Interco Invoices to counterpart legal entities. Performs reconciliation of Intercompany accounts and performs IC Tool upload. Raising journal entries to GL for intercompany transactions/adjustments. Sending of payment reminders to intercompany customers. Preparation of intercompany parked accrual file. Reconciliation of mismatches and participate in IC call to resolve the variances. Performs month end closing activities and KPI reports. Participate in monthly operational call and respond to intercompany inquiries.

Key Achievements:

• Implementation of MS Word Mail Merge to improve the process of issuing the PCG invoices as these are manually issued invoices.
• Once of the team members initiating the creation of 1st Pass BT India Interco Invoicing Project in order to fast track the processing of invoices and its payment.
• Migrated BT Holdings Companies (9UK and 9BT) end-to-end accounting process to Shared Service Cebu.
• Migrated the Cash Management, Accounts Receivable and Intercompany process of BT Norway to Shared Service Cebu.
• Spearheaded the transfer of doing the Balance Sheet Reconciliation of cash, AR and Interco related accounts from GL team.

Performs daily bank reconciliation and monitoring of all bank accounts of entities handled. Performs weekly Cash Planner Reporting. Initiates batch and manual payments in the bank portal. Requests for weekly funding for salaries, taxes and trade payables. Performs month end closing activities. Perform balance sheet reconciliation for Cash and AR accounts. Respond to ARCM inquiries and Participate in monthly operational call. Raising journal entries to GL for cash related transactions. Performs KPI for Suspense Account. Preparation and management of Loan working files. Preparation, posting and issuance of PCG (Parent Company Guarantee) invoices. Supports cash management process improvement initiatives.

Key Achievements:

• Improvement of the Loan file, especially those in foreign currency, to have more accurate monthly revaluation and proper use of the hedging file received from local.
• Improvement of process that resulted in reduced OT time spent during month end.

Process Journal Entries. Perform Balance Sheet Reconciliation. Perform variance analysis for assigned balance sheet accounts. Assist in Audit Management and Tax Reports for some Legal Entities. Respond to GL Inquiries and participate in monthly operational calls. Perform periodic Fixed Asset Accounting.

Key Achievement:

• Clean-up of uncleared transactions in suspense accounts.
• Review and proposal of adjustments needed on the fixed assets that were not properly depreciated based on the historical data.