Elvin Cancilao, MBA

• Held the corporate treasury management and business financial planning and analysis role.

Treasury Functions:

• Sourced out fund to support the operational requirements of existing 7 hotels (Crimsons and Quests hotel brand) and in financing new hotel projects.
• Held meetings and does the communication to the bank in terms of the debt services, loan renewal and opening of credit lines.
• Complied due diligence submission to the banks and compliance to government regulations
• Placed and monitored excess funds for investment, like time deposits.
• Prepared and approved the releases of funding request of operating hotels and projects.
• Prepared weekly actual and forecasted cash flow.
• Secured the loan renewal of Philippine peso 2.3B and opening of additional credit line from China Banking Corporation.

Financial Planning and Analysis:

• Reviewed the submitted operating budget of the existing hotels and projects and consolidated into corporate budget for management and owner’s approval.
• Reviewed the monthly results of operation and does the financial analysis, understanding the trend and variances, then provided/recommended options for management action.
• Coordinated the Project Management team for the actual and projected expenses of different hotel projects and in the acquisitions of land.
• Does an operational dashboard of existing hotels for management references and actions.

Reporting to Director – Finance Controllership for Integrated Resorts Operation

• Does the review of Request for Payment, cash advances, expense reimbursement, cash advance liquidations from all integrated resorts operations departments, project groups, other business units; such as, the cruise terminal operation, Bloomberry cultural foundation, etc.
• Provide recommendations/options to the director for any findings relative to payment requests which deemed inconsistent to the approval matrix and non-compliance to existing internal policies.
• Assisted Accounts payable in accruals and payment monitoring.
• Reviewed the expenses recommends the approval of request for payments of different contractors and consultants related to the projects of Entertainment City Management Inc. (ECEMI).

Reporting to Finance Director – Hotel Income Control

• Does the review of Request for Payment, cash advances, expense reimbursement, C/A liquidations from all integrated resorts operations departments, project groups, other business units; such as, the cruise terminal operation, cultural foundation, etc.
• Assisted hotel income control group in another ad hoc task.
  

Reporting to the Director and as well as to Officer–In-Charge of Hotel Financial Operations

• Does the review of Request for Payment, cash advances, expense reimbursement, C/A liquidations from all integrated resorts operations departments, project groups, other business units; such as, the cruise terminal operation, cultural foundation, etc.
• Does the preliminary reviews of contracts and term sheet.
• Assisted Cost Control in inventory and variance analysis.
• Provided study and findings to maximize labor, utilization of temporary labor and transportation.
• Performed another ad hoc task.

Reporting to Senior Manager and as well as to the Director of Financial Planning and Analysis.

• Part of Pre-Opening Team Member, monitoring Staff budget vs. actual. Effects changes and adjustment on the Staff Plan with the corresponding compendium changes request form from departments.
• Assisted in the preparation of 2013 Operating and CAPEX Budget.
• Prepares the Estimated Flash Report and Daily Operating Report for the owner and higher management.
• Prepares daily President’s Report on the overall yesterday’s trading results of Casino, Hotel, Retail, F&B and Others
• Prepares Monthly Gaming Performance analysis, weekly Property Headcount Visitation analysis and other ad hoc task being asks by higher management and Director of Financial Planning and Analysis.
• Does an in-depth analysis like manpower utilization, revenue performance per game type, hotel, and other revenue drivers.
• Maintains operations database for gaming and hotel, as well as other business units’ statistics.
• Supervises four immediate staffs and guides on their daily task and timely submission of reports and deliverables.

Reporting directly to the Vice-President for Corporate Planning

• Prepared company Annual Operating Budget. Consolidated and analyzed departmental capital expenditures.
• Prepared financial model and project economics of real estate projects and other business engagement.
• Assisted in the preparation of company’s five-year business plan
• Prepared the analysis of annual Directors and Officers Liability Insurance for the EXCOM and BOD approval.
• Coordinated other divisions and departments for data gathering essential for the company’s business planning.
• Prepared an analysis of Joint Ventures undertakings of the company.
• Researched and submitted information to management on market, industry, and competitors' performances to benchmark against the company’s performance.
• Provided and assisted in the preparation of materials for company’s fund sourcing strategy which includes securing of P5.6B omnibus loan and the conducts of Stock Rights Offering that generated Php4.5B proceeds intended for the constructions of Belle’s mixed development project casino, leisure and resorts complex located at PAGCOR Entertainment City, Paranaque City.
• Analyzed profit and loss (P&L) submitted by accounting.
• Prepared investor and due diligence materials.
• Prepared the company’s monthly unaudited consolidated financials and Net Asset Value (NAV).
• Monitored cash inflow and outflow, and updated weekly two-year cash flow projections in both base case and sensitivity scenario.
• Prepared pricing analysis, client loan restructuring and amortization payment acceleration, as well as promo pricing.
• Monitored and reported the daily stock closing prices from the Philippine Stock Exchange of the company (BEL) and its other publicly listed subsidiaries to senior officers.
• Supervised two immediate staffs and guides on their daily task and timely submission of reports and deliverables.

Reporting directly to the Assistant Vice-President for Corporate Planning

• Monitored and reports to senior officers the daily stock closing prices of the company (BEL) and its publicly listed subsidiaries namely; Highlands Prime, Inc. (HP), Sinophil Corporation (SINO), APC Corporation (APC) and Pacific Online Corporation (LOTO), and Philippine Stock Exchange Index (PSEi).
• Prepared weekly actual and projected two-year base case and sensitivity cash flow for submission to the Chief Finance Officer, Officer-in-Charge and VP for Treasury.
• Provided payment analysis on buyer’s requested terms and restructuring computation, as compared to company’s standard pricing scheme using net present value (NPV), gross profit margin ratio (GPM) and discounted cash flow (DCF) ratio for review and approval of Management Committee (MANCOM) and Executive Committee (EX-COM).
• Prepared standard pricing analysis on residential house and lots, club shares, and provision for discounts and promotional prices as executed by Sales and Marketing Department.
• Reviewed and assisted Sales and Marketing for terms sheet and templates accuracy on customers down payment and monthly amortization for submission to Treasury and Accounting department.
• Monitored budget and cost for the development of new project and existing real estate property.
• Checked project job code entry and reviews request for payment (RFP’s) and disbursement vouchers for consultants, contractors, and suppliers.
• Coordinated Property Management and External Affairs Division (PMEAD) and Site Management for the actual rate of completion and status of projects.
• Prepared monthly project cost analysis report for executive committee meeting.
• Assisted AVP for Corporate Planning in preparation of annual budget, capital expenditures (capex), short term and long-term business plan, company’s joint-venture analysis to other companies and investors materials.
• Assisted in the preparation and prompt submission of compliance reports (17A & 17Q) to Securities and Exchange Commission (SEC) and Philippine Stock Exchange (PSE).
• Assisted in preparation of consolidated financials, profit and loss, revenue and expense analysis, and company’s net asset value (NAV).
• Helped in the preparation of materials for ManCom, ExeCom, and Board of Directors meeting.
• Performed other ad hoc task assigned from time to time by superiors.

Reporting directly to the Vice-President for Treasury

• Monitored and prepared monthly loan principal and interest payment to lending banks.
• Checked documents and prepared list of clients for bank financing through Contract-to-Sell (CTS) and schedule of drawdown.
• Prepared for the requirements of loan facilities offered by banks.
• Prepared ranking of Top 100 Stockholders for Belle Corporation, Highlands Primes, Inc., and Sinophil Corporation consolidated from the reports of Philippine Stock Transfer, Inc. (PSTI) and PCD in monthly basis.
• Managed payment scheduling for principal and interest of Floating Rate Notes (FRN’s).
• Helped in the preparation of materials for annual Stockholder’s meeting.
• Computed for the tax dues on loan interest and other withholding taxes.

Reporting directly to the Vice-President for Marketing and Business Development

• Conducted survey on competition that includes pricing, products, market share and industry trend.
• Monitored and prepared pricelist of more than 50 brands of consumer appliances and 30 brands of motorcycle.
• Maintained harmonious relationship to the personnel of 36 PCC branches, 200 active dealers and 59 suppliers and manufacturers.
• Assisted in preparation of new product development.
• Monitored sales and aging analysis of Shell Solar Home System recipient-customers for off-grid areas of Palawan province, which has no access for local electrical power supply.
• Coordinated Operations, Finance and MIS Department for efficient planning, controlling, and monitoring of product and service delivery.
• Prepared product sales report for internal use of management and board.
• Received calls and inquiries of customers, dealers, and suppliers.

Reporting directly to the Provincial Senior Accountant

• Posted sales and cost of sales of 40 brands non-grain commodities to its individual ledger card.
• Handled releasing of processed vouchers to NFA Contractors and claimant.
• Reconciled branch sales collection as against Warehouse Stock Issue (WSI).
• Assisted in preparation of GSIS, Philhealth, NFAEA, other employee benefit and BIR creditable taxes.
• Prepared stock liquidation report of NFA Owned and terminated leased warehouse of different warehouse supervisors

With immediate reporting to warehouse supervisor and Head of Pack Product Operations

• Controlled inventory and prepared report of daily warehouse issues and receipts.
• Helped in preparation and sorting of products to customer's order.
• Handled orders and sales invoices of malls, department store and institutional sales in Greater Metro Manila area.
• Checked and received transfer of stocks from production to cold storage.
  

Reporting directly to the Provincial Economist

• Handled NFA’s special project in provincial level of then President Joseph Estrada known as “Erap Sari-Sari Store” that resulted in accreditation of 51 operators, composed of individuals, farmer’s organization, and cooperatives. And earned recognition with the highest number of accredited operators in one month time by Regional Office.
• Canvassed and recommended suppliers of canned goods, noodles, toiletries, and other processed foodstuff for distribution to accredited Erap Sari-Sari Store operators and NFA rolling stores.
• Monitored sales of 13 rolling stores fielded by NFA to depressed areas in the province of Albay.
• Prepared suggested retail prices and provided break-even analyses.
• Followed up bi-monthly stock reports and sorted forms used accountable to 32 NFA owned and rented warehouses. Monitored stock inventory variances.