ABIGAIL BALLESTEROS, CPA
Financial Controller and Finance Manager at CITADEL Pacific Ltd.- Claim this Profile
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Bio
Credentials
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Certified Public Accountant
Professional Regulation Commission
Experience
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CITADEL Pacific Ltd.
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Philippines
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Investment Management
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1 - 100 Employee
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Financial Controller and Finance Manager
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Jul 2021 - Present
Accountable for the Finance Operations of IP&E GBA, Limited Oversees monthly closing activities Reviews and analyzes the management report for Group Reporting Reports the results of operations against targets to the Upper Management Statutory Audit and Compliance Ensures compliance with IFRS Analysis of Customer Profitability per Segment Ensures accurate inventory, FIFO costing and Pricing Smooth transition of accounting activities from Acquisition Implementation of Controls and Risk Assessment Show less
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Shell Shared Services (Asia) B.V.
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Netherlands
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Museums, Historical Sites, and Zoos
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200 - 300 Employee
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Legal Entity Controller- Senior Manager
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Jun 2019 - Jan 2022
Work Experience as a Legal Entity Controller- Senior Manager at Pennzoil Quaker State Company - Accountable for timely, complete and accurate submission of Group Financial Returns & Segmented Financial Statements (SFS) for specific Downstream entities in scope. -Drives a culture of accountability and end-to-end controller mindset to ensure first-time-right submissions. -Drives efficient and effective execution of the standard processes for the R&A financial accounting & reporting activities performed to support the Downstream Business -Owns the metrics implementation and performance management, controls including audit readiness, Continuous improvement mindset and sustaining Legal Entity Controller accountabilities -Oversees active involvement of team in the delivery of group/org related initiatives that impact the entities in scope. The incumbent will also lead the team and support them in meeting operational and personal development aspirations. -Reviewing the financial statements on a timely basis using Standard Ways of Working and oversight on Reporting and Analysis (R&A) related financial controls of the entities in scope -Leading a team ranging from JG5 to JG7 pivotal to the delivery of financial reporting with “First Time Right” mindset -Delivering organization priorities and driving a culture of safety, resilience and care within the team -Delivering all Legal Entity Controller accountabilities related to the entities in scope -Regular touchpoints with Finance Managers in country, other Finance Operations process leads and R&A Connect teams Show less
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Shell Shared Services (Asia) B. V.
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Netherlands
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Museums, Historical Sites, and Zoos
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200 - 300 Employee
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Controller, Shell Business Operations Team
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Apr 2014 - May 2019
- Overall accountable for the Financial Statements of the Company per local and Dutch requirements; works with the external auditors (EY) and Local Statutory reporting on this;- Reviews the general ledges accounts monthly; ensures that any abnormal and huge balances are explained and any incorrect balances are resolved; - Managed Assets (Low Value and Fixed Asset); Spearheaded the effective control over the Fixed Asset reporting process as per Special Economic Zone and Group Accounting Requirement for SBO Manila; Implemented a software to appropriately track the purchases of assets and supporting documents that resulted to continuing incentives; Implemented the asset count process by establishing robust process flows and clear roles and responsibilities; Lead a team of 20-30 people doing the asset count in the Centre; - Managed Cash Flows, successfully paid of loan before maturity date; studied the cash position, anticipated future expenses and decided that the entity has a capacity to pay the whole loan which resulted to cost avoidance on interest payments- Attended seminar on Tax matters, learned about a Supreme court case promulgated and analyzed the potential benefit for the Company; Lead and implemented the change in the calculation of taxes by reviewing the disallowed expenses for SBO Manila Corporate Income Tax which resulted to a savings yearly and this was also nominated for CFO award- Identified future cost savings by registering expansion project to the Special Economic Zone (PEZA) - Won the SBO VP award for the GSAP project - Implemented advance remittance of tax for accruals in SBO Manila and submission of Official Receipts by the vendors on remittances; Skilled on how to communicate with Government authorities and Auditors that will not put the Company to risk Show less
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Team Manager, Manage Indirect Tax
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Jul 2010 - Mar 2014
• Managed, coached and provided guidance to staffs in their administrative and operational requirements to perform jobs. Monitored task completion and discussed issues that ensure staffs are accountable of the decisions proposed and implemented. • Key Player in the resourcing requirements for Manage Indirect Tax, hiring of staffs, interview process, on boarding of new joiners and training requirements.• Managed under performing staffs, engaging into difficult conversations and coaching for performance• Ensured accuracy of returns by reviewing the work of the staff before filing in order to avoid penalties and interest• Involved in the job evaluation and performance management• Led in the resolution of issues such as finding the appropriate ways in resolving the same with the right people and with the right approach• Reviewed and approved the analysis of the staff on the General Ledger accounts for monthly Status of Accounts Reporting compliance Show less
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Tax Specialist, Finance Department
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Sep 2009 - Jun 2010
• Key player in the filing of the Company’s tax returns such as quarterly and annual income tax, value-added tax, final tax and withholding tax return• Reviewed the accuracy of all third party vendor withholding tax codes in the system in coordination with the Tax Advisors which resulted to the correct postings of withholding taxes in the system• Ensured that all withholding tax payable open items in the system are valid• Key player in the compliance with PEZA reportorial requirements, transactions and issues, and other government related reporting and compliance (e.g. SEC, BOC)• Key player in the resolution of various corporate tax issues in coordination with the Tax Advisors• Experienced in providing audit requirements for BIR and City Treasurers’ audit• Key player in the review of General Ledger accounts for monthly SOAR compliance• Documented and implemented a manual for PEZA and NSO reports on payroll related cost compliance which lead to timely submission of reportorial requirements• Key player in the registration and update of the SERP system to the BIR• Handled the PEZA application for extension of income tax holiday which granted the Company a 2 year ITH extension• Handled various compliance documentary requirements for the successful transfer of location by the Company• Handled the successful automation of the importation system and electronic filing of the tax returns Show less
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Finance Team Lead, Finance Department
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Oct 2006 - Sep 2009
• Managed staff that handles the Vendor Master Data requests, Payroll and Accounts Payable/Treasury Back Office function• Key player in Group Reporting (e.g. JRB, MI Pack), which involves analysis of actual costs against budgeted costs, review of billing/revenue reports, FTE, true-up, review of balance sheet, income statement, cash flow and etc.• Involved in Budgeting the expenses of the company• Key player in Vendor Master Data Requests and review which led to the clean-up of vendor master data in the system• Key player in various General Ledger Functions (SAP/SERP Applications) such as monthly closing activities, accruals, Financial Statement reasonableness check and ensured that all transactions are captured before closing of the month• Implemented a standard format for the monthly accruals for efficient and effective uploading in the system• Involved in the Cost Center and Fixed Asset master data requests and maintenance• Key player in the preparation of Audited Financial statements for local and Dutch filing in coordination with the external auditors• Led the asset cycle count of desktops and laptops to ascertain completeness and accuracy of the records Show less
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KPMG
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Brazil
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Construction
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Supervising Senior, Business and Financial Advisory Services
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Apr 2003 - Sep 2006
Involved in financial due diligence review in an array of industries, involved mostly in the execution of work strategy, primarily data gathering, validation and analysis and report writing on the conduct and findings made during the work. Engaged in business process improvement projects for service and trading agencies, involving the mapping, and analysis of existing workflows and gaps, and the formulation of recommendations, including the drawing up of related manuals. Documented and evaluated the clients existing manual and computerized systems Participated in the review of non–performing loans of a bank, its officers’ profiles and minutes of board meetings. Major Clients Handled as a Consultant:- Manufacturer/retailer of air conditioning unit – financial due diligence review of a joint venture company in connection with the planned dissolution/liquidation of the company- Leading commercial bank – due diligence review of the Trust Banking unit of a commercial bank in connection with the evaluation by the Bank Proper of the operations and performance of its Trust Banking Unit- Leading world retailer – financial due diligence review of a local company which first introduced the hypermart concept in the Philippines in connection with the plan of the world’s second largest food retailer to invest in this local company- Korean-based investment company – financial due diligence review of a five-star hotel located in Manila in connection with the planned acquisition of its ownership by a Korean-based investment company- Government institution– financial due diligence review of a government entity tasked of providing retirement and separation benefits to employees with the plan to obtain grant from an international institution for the pension reform project- New Zealand-based investment company – financial due diligence review of a five-star hotel located in Manila in connection with the planned acquisition of its ownership Show less
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Associate Auditor, Audit and Assurance Services
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Jun 2002 - Apr 2003
• Participated in variety of accounting and auditing assignments. Led and assisted in the preparation of financial statement reports, tax returns, management letters, and other communications.• Learned the client’s overall business operations and industries relevant in evaluating the Company’s internal control system.• Major Clients Handled as an Auditor- San Miguel International Limited and Subsidiaries- San Miguel Brewing International Limited and Subsidiaries- United Coconut Planters Bank – Trust Banking Division- Gulf Oil Philippines Incorporated- True Value Hardware Corp.- Wynsum Realty Developer, Inc. Show less
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Education
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1997 - 2001
College of the Immaculate Conception
Bachelor of Science (BS), Accounting
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