LOREINNE GAYE BANGLOY
Imus
Summary
Secure a responsible and challenging position and career opportunity to expand my knowledge and skills
Experienced accounting professional prepared for this role, known for strong analytical skills and precision in financial management. Proven ability to drive results through team collaboration and adaptability to changing needs. Expertise in financial reporting, budgeting, and compliance, with focus on accuracy and efficiency. Reliable, dependable, and committed to achieving organizational goals.
Overview
21
21
years of professional experience
Work History
ACCOUNTANT/OFFICE MANAGER
NEXTDESIGNS INC.
01.2022 - Current
- Preparation of Monthly Management Internal Accounts Report such as Financial Statements, Cash Flow, Balance Sheet
- Preparation of staff and management payroll
- Profit and Loss Costing and analysis of factory products and Retail Company
- Maintaining daily cash position
- Preparation of export and import documents of factory products and materials used for manufacturing of furniture products
- Preparation of government mandatories and such BIR remittances, SSS, PHIC and HDMF
- Handles all BIR Tax LOA of the company
- Encoding entries in the Snap2 Hilsoft Accounting Software and Quickbooks and prepare checks for submission to management approval
- Manage all internal accounting responsibilities since the company is on start up process for the manufacturing company and retail company
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Used advanced software to prepare documents, reports, and presentations.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Prepared and filed tax forms to meet needs of customers.
- Achieved compliance with all tax regulations by staying updated on changes and conducting thorough reviews of financial operations.
- Provided journal entries and performed accounting on accrual basis.
ACCOUNTING MANAGER
CENOPHI CORPORATION/ARYSTA MARKETING
05.2015 - 07.2021
- Preparation of Monthly Management Internal Accounts Report such as Financial Statements, Cash Flow, Balance Sheet
- Monitors Tax Team in preparation of monthly BIR governmental requirements such as VAT, Withholding tax expanded and compensation, Quarterly ITR
- Lastly, assist them in liaising BIR audit requirements
- Maintain and supervise 28 accounting staff designed to do specific jobs of retail affiliated companies
- Liaise to BIR in terms of tax audits and other government reportorial concerns
- Manages preparation of tax requirements for BIR tax audit
- Direct Reporting to the company President
- Managed journal entries, collection efforts, reconciliations, and payroll processing.
- Managed banking reconciliations and monthly balance sheet statements.
- Completed bi-weekly payroll for company employees.
- Managed relationships with external vendors, ensuring timely payments and accurate recording of expenses.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Developed and implemented various procedures to improve accounting process.
- Generated monthly and quarterly financial statements for executive review.
- Streamlined month-end closing procedures resulting in reduced processing time without compromising accuracy or completeness of the reports generated.
- Reduced discrepancies in financial data with thorough account reconciliations and adjustments.
- Managed successful audits by collaborating effectively with internal and external auditors.
- Collaborated with other departments to achieve accurate and prompt financial reporting.
- Enhanced financial accuracy by implementing streamlined accounting processes and procedures.
- Coordinated efforts between the accounting team and other departments to ensure accuracy in interdepartmental transactions recording and proper cost allocation.
- Monitored budget allocation and expenditures to enforce compliance with company policies.
- Ensured compliance with tax regulations by preparing accurate federal, state, and local tax filings on time.
- Created and maintained financial databases for data entry, tracking and reporting.
- Led a team of accounting professionals in achieving department goals while fostering a positive work environment.
- Achieved timely financial reporting through diligent preparation and analysis of monthly, quarterly, and annual reports.
- Analyzed and reported on financial data to support business decisions.
- Optimized cash flow management through careful analysis of accounts receivable, accounts payable, inventory levels, and working capital requirements.
- Facilitated staff development through regular training sessions on new accounting standards, software upgrades, or company-specific policies changes.
- Conducted detailed variance analyses to identify areas of improvement in financial performance.
- Assisted executive management in making informed business decisions with accurate ad-hoc financial analysis as needed.
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports.
- Utilized financial software to prepare consolidated financial statements.
- Established and checked coding procedures, monitored reports and updated internal files.
SENIOR ACCOUNTING SUPERVISOR
ITSU HOUSEHOLD PRODUCTS TRADING
10.2013 - 04.2019
- Preparation of Monthly Value Added Tax, Withholding tax expanded and compensation
- Quarterly Income Tax Return
- Monitors tax cases of all retail affiliated companies within metro manila
- Preparation of documents for submission to BIR for tax audit purposes
- Updating of new BIR rulings and adopt to the companies
- Assist the Company for any legal matters related to taxation
- Contributed to hiring, training and development of accounting teams.
- Established robust internal controls to mitigate financial risks and safeguard company assets.
- Ensured compliance with GAAP, tax regulations, and internal policies by conducting regular audits and reviews.
- Consistently met strict deadlines for quarterly and annual financial reporting requirements.
- Negotiated favorable vendor contracts for cost savings without compromising quality or service levels.
- Oversaw successful external audits with minimal findings or adjustments needed for compliance purposes.
- Spearheaded process improvements, leading to increased efficiency in accounts payable and receivable functions.
SENIOR ACCOUNTANT
ALTERATIONS PLUS CORPORATION
06.2013 - 09.2013
- Preparation of draft financial statement of affiliated companies
- Analysis of Balance Sheet reconciling account
- Auditing and Checking of the accuracy of entries
- Revaluation of Assets
- Assist Immediate Superior on reports to the consultant
- Analysis of sales report of all branches
- Posting of payroll entries in Peachtree
SENIOR ACCOUNTANT
FUNTASTIC INTERNATIONAL INC
01.2011 - 05.2012
- Preparation of disbursement of the company
- Reconciliation of chart of accounts
- Handling Cash Position
- Payroll Preparation
- Bank Reconciliation
- Clearing of Importation products to BOC
- Inventory Maintenance on book
- Prepared monthly journal entries and reconciliations.
- Reconciled accounts and created documents for monthly closure procedures.
- Reconciled balance sheets and streamlined best practices for balance sheet processes.
- Completed year-end closing processes with controllers and external auditors.
- Reduced errors in financial statements through stringent review procedures and regular reconciliation of accounts.
- Managed quarterly and annual tax filings for the company, ensuring timely submissions and compliance with regulations.
- 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.
- Streamlined financial reporting with new accounting software and automated tasks.
- Tracked funds, prepared deposits and reconciled accounts.
- Compiled general ledger entries on short schedule with 100% accuracy.
ACCOUNTING ASSISTANT
ASIAN AEROSPACE CORPORATION
08.2010 - 02.2011
- Preparation of disbursement of the company
- Reconciliation of prior year Financial statements
- Assistant to the VP Finance
- Costing of Inventory of Assets
ACCOUNTING ASSISTANT
YSTILO SALON FRANCHISE
04.2009 - 07.2010
- In charge of Accounting internal control of 2 franchise salon
- Maintain inventory control of consumable products on a month basis
- Payroll master of 2 franchise salon
- Monitoring of daily sales
ACCOUNTING ASSISTANT
UNIOIL PETROLUEM PHILIPPINES
07.2005 - 02.2009
- Preparation of disbursement (AP) using SAP Analysis and preparation of monthly financial statements
- Facilitate and preparation of governmental requirements on monthly basis
- Reconciliation of Purchases of natural gas specially importation of goods
- In charge of monthly inventory petroleum and lubricants on retail stations
- In charge of payroll for company owned service stations
- Monitors daily sales of company owned service station
ACCOUNTING ASSISTANT
EXCELLENT UNIOIL NAIA STATION
11.2003 - 06.2005
- Preparation of monthly financial statements for submission to Branch Manager for analysis
- Preparation of disbursement daily
- Inventory for petroleum and lubricants
- Preparation of monthly governmental requirements
Education
BACHELOR OF SCIENCE - ACCOUNTANCY
CENTRAL COLLEGES OF THE PHILIPPINES
03.2003
SECONDARY EDUCATION -
CAGAYAN NATIONAL HIGH SCHOOL
03.1997
Skills
- Good communication skills
- Leadership skills
- Management skills
- Working well in team
- Computer Skills
- Accounting and bookkeeping
- Audits
- Strong communication skills
- Financial statement review
- Office management
- Microsoft Excel expertise
Reading and Watching Documentaries
Reading and watching documentaries are worth and stress reliever.
Timeline
ACCOUNTANT/OFFICE MANAGER
NEXTDESIGNS INC.
01.2022 - Current
ACCOUNTING MANAGER
CENOPHI CORPORATION/ARYSTA MARKETING
05.2015 - 07.2021
SENIOR ACCOUNTING SUPERVISOR
ITSU HOUSEHOLD PRODUCTS TRADING
10.2013 - 04.2019
SENIOR ACCOUNTANT
ALTERATIONS PLUS CORPORATION
06.2013 - 09.2013
SENIOR ACCOUNTANT
FUNTASTIC INTERNATIONAL INC
01.2011 - 05.2012
ACCOUNTING ASSISTANT
ASIAN AEROSPACE CORPORATION
08.2010 - 02.2011
ACCOUNTING ASSISTANT
YSTILO SALON FRANCHISE
04.2009 - 07.2010
ACCOUNTING ASSISTANT
UNIOIL PETROLUEM PHILIPPINES
07.2005 - 02.2009
ACCOUNTING ASSISTANT
EXCELLENT UNIOIL NAIA STATION
11.2003 - 06.2005
SECONDARY EDUCATION -
CAGAYAN NATIONAL HIGH SCHOOL
BACHELOR OF SCIENCE - ACCOUNTANCY
CENTRAL COLLEGES OF THE PHILIPPINES
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