- First Name: Jejomar
- Last Name: Saraos
- City: Sharjah
- Country: United Arab Emirates
- Phone No: +971564767319
- Education: Accountancy
- Field of Study: Accounting
- College or University: University of Santo Tomas
- Time Period: 2007-2011
- Listed: August 31, 2015 10:01 am
- Expires: This ad has expired
Professional Skills and Experience
Roles and Responsibilities
Major work achievement
Western Marketing Corporation (September 2013 to July 2015)
WMC is one of the leading organizations engaged in the retail business of full range appliances, electronics, and office equipment in the Philippines for almost fifty years.
Chief Accountant/Senior Accounting Manager
Accounting and Finance Department (ACC)
Prepared reasonable financial statements for the purpose of management reporting and to inform the Board of Directors (BOD) the Company’s financial position and performance and of the potential issues which are needed to be resolved
Certified and approved company disbursement and recordings thru thorough review of check vouchers and journal vouchers, respectively
Implemented internal controls on the major processes involving recording and reporting matters, such as but not limited to, purchase to pay, sales and accounts receivable, cash receipt and disbursement, and financial closing process
Conceptualized automated procedures based on the features of the existing retail application system to enhance and expedite the workflow and efficiency of departmental operation
Provided analysis and interpretation of the financial data to assist the management in its short and long term plan, decision making and evaluation of cost centers inherent in the business
Coordinated with other department heads during strategic planning and budgeting to provided recommendations as needed and with third party representatives, such as insurance companies and audit and law firms regarding financial matters
Executed administrative function to ACC Department’s personnel, such as, but not limited to, monitoring and supervision of operations, hiring, promotion and termination, training and orientation and approval of wage adjustments and employee movements
Internal Audit Manager
Audit Department (IAD)
Conducted operational, compliance and financial statements audit to the Company and its branches based on the policies adopted under the Philippine Standards on Auditing (PSA) and procedures under the department’s internal audit manual
Evaluated and provided reasonable assurance that risk management, controls, and governance systems are functioning as intended
Reported risk management issues and internal controls deficiencies identified directly to the BOD and provided constructive recommendations for the improvement of Company's operations, in terms of both efficient and effective performance, on a timely basis
Monitored the process of implementation of given recommendations based on the results of the audit conducted in order to increase its coverage of risks facing the business and ensured that the works are aligned with corporate objectives
Evaluated effectiveness of existing controls by ensuring that the company policies and regulations are being complied
Verified reasonableness of the financial statements prepared by the Accounting Department to maximized the efficiency of the BOD’s decision making process
Executed administrative function to its IAD personnel
Updated the setup of the accounting application system and revised front end procedures affecting the automated recording at the backend
Realigned financial records to current period
Developed the Accounting Policies and Procedures based on the department’s regular processes, the application system in use, and the Generally Accepted Accounting Principles (GAAP)
Reestablished the IAD and developed genuine audit procedures based on a risk oriented approach and process-focused methodology
Recommended major revisions of front end processes and procedures which strengthens the internal control to prevent fraudulent actions initially detected
Ernst and Young Philippines (SGV & Co.)
(December 2011 to September 2013)
SGV& Co., a member practice of Ernst & Young Global, is the largest multidisciplinary professional services firm in the Philippines.
Performed extensive external financial audits to different assigned clients from the planning up to the wrap up phase procedures.
Executed various senior associate functions as part of experience associate program, such as but not limited to review and analysis of newly hired associates and coordination with the Associate Director.
Hitachi Terminals Mechatronics Philippines Corporation (2012 and 2013)
HTMPC is a wholly owned subsidiary of Hitachi-Omron Terminals Solutions, a company incorporated in Japan and subsidiary to its ultimate parent Hitachi, Ltd., engaged in the production and manufacturing of Automated Teller Machines and its various components.
Obtained knowledge of the client’s business and accounting system and developed audit strategy with engagement management team and ensured proper implementation of such by emphasizing quality in the delivery of client service by supervising daily progress of fieldwork and review of junior associates’ work.
Established significant understanding of the business and performed walkthroughs on significant classes of transactions to identify risks associated with its industry and accounting practices
Performed test of controls, primary substantive audit procedures on complex and high-risk account balances such as, but not limited to, testing of inventory
Reviewed the works of newly hired associates to ensure completeness, technical accuracy, proper performance and adequate documentation, with exceptions and differences appropriately addressed
Discussed with clients summary of audit findings (i.e. accounting issues and internal controls deficiencies) and the proposed resolutions and recommendations together with the adjusting entries needed
Assisted client in preparation of other financial reports as required by regulatory and government authorities and computed for the new accounting balances for adaptation of standard revision, specifically IAS19 R, Employee Benefits
Provided specific guidelines in the income tax computation of the client in accordance with the relevant law and regulatory requirements governing the client
Coordinated and participated in discussion meetings regarding progress and development of the engagement
Other Industry Exposure
Samsung Electronic Philippine Corporation (2012)
SEPCO, a subsidiary of Samsung Electronics, is engaged in the wholesale marketing and distribution of consumer electronics and electrical products in the Philippines. It offers a wide variety of inventories from gadgets to electronic appliance.
Conducted quarterly financial review as part of its reporting requirement to parent company.
Established significant understanding of the business and performed walkthroughs on significant classes of transactions to identify risks associated with its industry and accounting practices.
Performed test of controls, primary substantive audit procedures on complex and high-risk account balances under manufacturing industry such as inventory.
Assisted client in preparation of other financial reports as required by regulatory and government authorities and other parties.
Coordinated and participated in discussion meetings regarding progress and development of the engagement.
Samsung Electro-Mechanics Philippine Corporation
Calamba Premiere Realty Corporation
Batino Realty Corporation
Various nature of businesses
Hup Soon Global Pte. LTD. (Investment Company, Singapore)
Netship Management, Inc. (Crewing)
NTT World Engineering Marine Corporation - Philippine Branch
Immaculate Concepcion Medical Center of Central Luzon, Inc. (Hospital)
Samsung SDS Global SCL Philippines Co. Ltd., Inc.(Logistics)
Looking for senior level accounting and finance or audit job in UAE