Summary
Overview
Work History
Education
Skills
Accomplishments
References
Affiliations
Training
Timeline
Generic

LIESEL S. NOVENO

Taguig City

Summary

Results-driven management professional with a proven track record of leading teams to success. Emphasizes team collaboration, operational efficiency, and achieving measurable outcomes. Skilled in strategic planning, process improvement, and fostering a culture of accountability and excellence. Recognized for adaptability and consistently meeting changing organizational needs.

Overview

23
23
years of professional experience

Work History

Manager, General Financial Accounting and Planning/Payables; Financial Analysis

BDO Life Assurance Company, Inc. (formerly Generali Pilipinas Life Assurance, Inc.)
01.2019 - 09.2024
  • Company Overview: BDO Life is a subsidiary of BDO Unibank, Inc.- the largest bank in the Philippines in terms of total assets and market capitalization. BDO Life is an insurance company that offers a diverse pool of life insurance products – protection, education, savings retirement and estate planning solutions. It also extends comprehensive term life insurance protection to corporate clients
  • Primary Role and Responsibilities: To provide leadership and management oversight of all functions of the four (4) units of Controllership Division.
  • 1. General Accounting Payables
  • 2. Accounts Reconciliation Unit
  • 3. Sales Compensation Accounting
  • 4. Group/Corporate Accounting
  • A. Duties and Responsibilities
  • Review payment processed for all Individual Life claims and other policy-related disbursements in Life Asia of Individual Admin System and post/authorize payment entries in Life Asia up to approved authorized limits.
  • Review payment processed for all Non-individual related payables: supplier, employee, commission and service fees, taxes, government related payments and other payables and post payment entries in Sun System up to approved authorized limits.
  • Ensure that all disbursement systems are properly working and can release timely output of checks and other payment forms.
  • Review and approve check vouchers and journal entries up to approved authorized limits.
  • Prepares Cash Disbursement Report for submission to the BIR and regulatory reports to Insurance Commission and other regulators.
  • Ensure timely submission of bank reconciliation statements, suspense accounts reconciliation reports and policy related accounts with ageing.
  • Monitor and ensure immediate clearing of reconciling/floating items; reviews and ensure correctness of recommended journal entries, post in Sun System based on approval matrix.
  • Coordinate with the banks and other units concerned in the validation of recon items.
  • Oversees the preparation and ensure timely release of Sales incentives, bonuses, allowances and commissions.
  • Handles complaints or issues regarding incentives/bonuses/commissions and other related payouts.
  • Reviews and analyzes accuracy of MRI group transactions recorded in the books of accounts and related schedules and reconciliations.
  • Provides technical support on finance projects and company initiated systems projects, such as definition of business requirements and creation of test cases and execution of UAT as applicable.
  • Reviews overall testing results before sign-off or approval.
  • Reviews and analyzes reports and schedules required by Insurance Commission and Bureau of Internal Revenue (BIR) assigned to the handled units.
  • B. Customer Engagement
  • Provide auditor with needed documents during YE audit and other audit activities.
  • Establish and maintain relationship with the bank personnel (BDO and other banks) and handle bank concerns with regard to the payment facilities.
  • Develop and maintain excellent working relationships with all departments through understanding of their purpose and objective; provide assistance and guidance on how to analyze policyholders’ financial transactions in the Life Administration system to ensure correct interpretation and analysis of the data and balances
  • C. People Management
  • Manage the team in conducting their day to day operations and functions and ensures employee productivity.
  • Sets goals and reviews the performance of the team; development of staff plans, setting checkpoints including evaluation and discussion of staff performance in relation to strategic goals and provide appropriate rewards
  • Provide overall training, coaching and succession planning of the team; selecting the right people, managing the resources appropriate to the tasks, and promote accountability and responsibility

Junior Assistant Manager, Financial Analysis – Individual & Corporate

BDO Life Assurance Company, Inc.
01.2014 - 12.2018
  • In charge of 3 units of the Division: Accounts Reconciliation/Sales Compensation/Group/Corporate Accounting
  • A. Financial Operations
  • Overall management of Accounts Reconciliation Unit – ensure implementation of Bank reconciliation and Accounts Recon policies and procedures.
  • Overall management of Sales Compensation Accounting- Oversees the preparation and ensure timely release of Banca Sales incentives and quarterly bonus, commissions and service fees to the banks.
  • Overall management of Group/Corporate Accounting – reviews and analyzes accuracy of MRI group transactions recorded in the books of accounts and related schedules and reconciliations.
  • B. Management, Board & Regulatory Reporting
  • Support the timely and accurate submission of external and statutory reporting requirements ensuring correct bookings of all transactions related to the three managed units.
  • Manage internal and external audit requirements of the unit.
  • C. Internal Control and Risk Management
  • Establish and monitor internal controls, policies and procedures of the unit. Identify opportunities for improvement, document and communicate to the unit and manage the implementation of these improvements
  • D. Personnel Development
  • Determine and establish Individual Development plan of the staff, set checkpoints and controls for monitoring progress.
  • Evaluate staff performance
  • Train, coach and formulate succession planning.

Accounting Assistant

Generali Pilipinas Life Assurance Company, Inc. (GPLACI)
06.2008 - 12.2013
  • Processes Requests for Payment Form (RFP) and verifies/checks that payment request follows the business units’ approval matrix, is completely signed and approved, and checks the completeness of support documents prior to disbursement processing.
  • A. Individual policy related payables, e.g. maturities, surrenders, claims
  • B. Fund transfers and placements
  • C. Government dues and regulatory payments
  • D. Supplier and vendor payables
  • E. Employee reimbursement and/or cash advance
  • F. Commission and service fee
  • Prepares reports on an organized and systematic summary of processed payment transactions on a regular basis
  • Prepares cheques or other forms of payment e.g. Letter of Instruction, telegraphic transfers and on-line fund transfers.
  • Book timely and correctly payment transactions and journal entries in SUN System, Life Asia.
  • Reconcile and analyze balances between General Ledger (GL) balances in SUN System and Subsidiary Ledger (SL) in Life Asia System for all policy related accounts.
  • Prepares correct journal entries to record identified adjustments in the books and/or file system request to IT for any adjustments that requires IT investigation and resolution.
  • Coordinates and provide feedback to department concerned on uncleared reconciling items until finally settled.
  • Ensure correctness and proper matching of GL and SL transactions.

Project Accountant

BPO International (Client: Hershey Phils. Inc.)
07.2007 - 05.2008
  • Accounts Payable Section
  • Accepts delivery receipts and sales invoices from vendor and processes it to the system (SAP System); Process about 60-70 payables a day
  • Checks and verifies completeness of attachments of invoices for request for payment
  • Processes payment of Intercompany (US) invoices
  • Processes expense reimbursement of employees.
  • Prepares check voucher and releases payment after authorization from different level
  • Post journal voucher in SAP System
  • Records cash and check collection from customers
  • Accounts payable reconciliation
  • Records bank transactions in SAP System
  • Execute payment run in SAP System

Accounting Assistant

SUPERVALUE INC. (SM Supermarket)
07.2003 - 07.2007
  • Accounts Payable Section
  • Accepts delivery receipts and sales invoices for delivery purposes and encodes it directly to system (SAP system)
  • Matches and costs figures in sales invoice against the system and report any discrepancies, if any.
  • Prepares proposal for payment
  • Engages in inventory of stocks if it is still tally with the system.
  • Sales Audit Section
  • Audits daily sales (cash & card transactions) and report any adjustments
  • (wrong mode of payments or wrong card classifications), if necessary.
  • Posts daily accounting entries via SAP system.
  • Prepares end-of-day, weekly and monthly reports and discrepancies.
  • Assigned in proper monitoring of all promos.
  • Monitors and checks the correctness of account numbers, biller name and amount paid against the summary report of Bills Payment.
  • Billing section
  • Auditing the correctness of account number, expiry date and signature of customers (debit and credit card holders)
  • Daily processing of bank cards via bids smart system
  • Preparing monthly breakdown reports of bank cards and debit card
  • General Accounting Section
  • Encoding and printing of Official Receipts
  • Preparing Deduction Report for Personnel’s Accountability
  • Checking and Processing of Bills Payment Reports
  • Preparing Daily Cash Collection Report
  • Auditing Accountable Forms
  • Auditing & Releasing End-of-Contract Employee’s back pay
  • Checking Daily Sales Audit Reports
  • Posting corrected merchandise inventory on SAP system
  • Checking Daily Sales Audit Reports
  • Checking Accounts Payable Reports (return Orders & Deliveries)
  • Checking Final Proposal for payment
  • Billing Monthly Tenant’s Rental & other charges
  • Engage in preparation & computation of Mall Monthly Rental

Accounting Assistant

YEARSLEY, Inc. (DUTY FREE SUPERMARKET)
12.2001 - 07.2003
  • Accepts invoices and process local & imported deliveries for release of goods.
  • Prepares billing schedule of sales report.
  • Conducts physical annual inventory.

Education

Bachelor of Science - Accountancy

Santa Isabel College
01.2001

Skills

  • Team leadership expertise
  • Financial data analysis
  • Driven and independent
  • Process improvement strategies
  • Personnel development
  • Verbal and written communication
  • Time management
  • Decision-making
  • Customer service
  • Policy implementation

Accomplishments

  • Supervised team of 5 staff members.
  • Collaborated with team of 6 in the development of Policy Life Asia Project

References

  • Lorelyn Lydia, Riveta, AVP- Controllership Department, +63 998-5722916, BDO Life Assurance Company, Inc.


Affiliations

Associate, Life Management Institute (ALMI) - completed course requirements

Training

  • Insurance Related Designation Courses Passed
  • Insurance Marketing: Connecting with Customers – May 20, 2019
  • Insurance Operations- November 2018
  • The Business of Insurance: Applying Financial Concepts – August 28, 2018
  • The Policy Life Cycle; Insurance Administration – January 28, 2018
  • Insurance Company Operations – June 17, 2013
  • Principles of Insurance – December 18, 2011
  • Other Major Trainings attended
  • Pro Active Supervision and Leadership Skills – June 25, 2015
  • SUN Systems 4 Ledger Accounting – November 28-29, 2012
  • Time Management – February 24, 2012
  • Project Management Fundamentals – April 23 – 24, 2012
  • Virtual Bookkeeping with Xero & Quickbooks Online- July 13-15, 2024

Timeline

Manager, General Financial Accounting and Planning/Payables; Financial Analysis

BDO Life Assurance Company, Inc. (formerly Generali Pilipinas Life Assurance, Inc.)
01.2019 - 09.2024

Junior Assistant Manager, Financial Analysis – Individual & Corporate

BDO Life Assurance Company, Inc.
01.2014 - 12.2018

Accounting Assistant

Generali Pilipinas Life Assurance Company, Inc. (GPLACI)
06.2008 - 12.2013

Project Accountant

BPO International (Client: Hershey Phils. Inc.)
07.2007 - 05.2008

Accounting Assistant

SUPERVALUE INC. (SM Supermarket)
07.2003 - 07.2007

Accounting Assistant

YEARSLEY, Inc. (DUTY FREE SUPERMARKET)
12.2001 - 07.2003

Bachelor of Science - Accountancy

Santa Isabel College

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LIESEL S. NOVENO