Leomar Velez
Senior Director at Sycip Gorres Velayo & Co.- Claim this Profile
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English -
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Filipino -
Topline Score
Bio
Credentials
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Certified Public Accountant
Board Of AccountancyNov, 2008- Nov, 2024
Experience
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Sycip Gorres Velayo & Co.
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Renewable Energy Semiconductor Manufacturing
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400 - 500 Employee
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Senior Director
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Oct 2016 - Present
As Member of Local Capital Markets Group• Knowledgeable in SAS 72 comfort letter issuance for RegS and 144A cross-border capital market transactions.• Assist clients in capital market transactions and local initial public offerings. • Assists in preparation of presentation materials for PFRS and US GAAP trainings both internal and for audit clients. As a member of Accounting Standards Group – Financial Instruments Subject Matter Group• Knowledgeable in accounting standards for financial instruments (PFRS 9, PAS 32, PAS 39 and PFRS 7)• Assists audit teams on consultation on accounting treatment for financial instruments• Facilitates trainings, both internal to the firm and external to clients related to accounting for financial instruments.As an Assurance Senior Manager• Direct responsibility in handling audit engagements from proposal submission, job planning, supervision and review of audit staff (3 to 5 per engagement), actual fieldwork for complicated transactions/processes, to financial statement and income tax return review and finalization. Skills/knowledge/experience earned include:o Project management skillso Familiarity with Philippine and United States generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS);o Review of financial statements/reporting package under Philippine Financial Reporting Standards, IFRS, and United States GAAPo Direct exposure with top management of the client’s organization.As a Member of Financial Accounting and Advisory Services - Financial Services Organization Group• Provides accounting advisory and support services to financial services organization which includes accounting conversion projects, financial accounting support on client transactions and accounting advice.
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Director
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Oct 2014 - Sep 2016
As Member of Local Capital Markets Group• Knowledgeable in SAS 72 comfort letter issuance for RegS and 144A cross-border capital market transactions.• Assist clients in capital market transactions and local initial public offerings. • Assists in preparation of presentation materials for PFRS and US GAAP trainings both internal and for audit clients. As a member of Accounting Standards Group – Financial Instruments Subject Matter Group• Knowledgeable in accounting standards for financial instruments (PFRS 9, PAS 32, PAS 39 and PFRS 7)• Assists audit teams on consultation on accounting treatment for financial instruments• Facilitates trainings, both internal to the firm and external to clients related to accounting for financial instruments.As an Assurance Manager• Direct responsibility in handling audit engagements from proposal submission, job planning, supervision and review of audit staff (3 to 5 per engagement), actual fieldwork for complicated transactions/processes, to financial statement and income tax return review and finalization. Skills/knowledge/experience earned include:o Project management skillso Familiarity with Philippine and United States generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS);o Review of financial statements/reporting package under Philippine Financial Reporting Standards, IFRS, and United States GAAPo Direct exposure with top management of the client’s organization.
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Associate Director
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Oct 2012 - Oct 2014
As Member of Local Capital Markets Group• Knowledgeable in SAS 72 comfort letter issuance for RegS and 144A cross-border capital market transactions.• Assist clients in capital market transactions and local initial public offerings. • Assist in conducting PFRS and US GAAP trainings both internal and for audit clients.• Assist in CMC Hong Kong for the SOX review of the FPI in the Philippines (PLDT Group).As an Assurance Manager Direct responsibility in handling audit engagements from proposal submission, job planning, supervision and review of audit staff (3 to 5 per engagement), actual fieldwork for complicated transactions/processes, to financial statement and income tax return review and finalization. Skills/knowledge/experience earned include:• Project management skills• Familiarity with Philippine and United States generally accepted accounting principles (GAAP) and International Financial Reporting Standards (IFRS);• Review of financial statements/reporting package under Philippine Financial Reporting Standards, IFRS, and United States GAAP• Direct exposure with top management of the client’s organization.
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Senior Associate
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Oct 2010 - Sep 2012
Demonstrates a thorough understanding of increasingly complex accounting and auditing concepts; discusses moderately complex accounting and auditing issues with engagement team and client management. Ensures quality in delivering client service by directing daily progress of fieldwork, informing superiors of engagement status. Reviews own work and work of others to ensure that work is complete, technically accurate, properly performed, and adequately documented with exceptions and differences appropriately addressed. Develops and maintains productive working relationships with client personnel at appropriate levels and is committed to continually improve client satisfaction. Respects and protects confidential client information. Enforces and complies with all applicable firm policies and procedures. Adheres with the profession’s code of conduct as well as with the firm’s General Professional Code of Conduct. Performs direct and timely performance feedback to subordinates. Acts as a coach and mentor to all subordinates. Participates in firmwide and MG-wide activities geared towards quality and risk management (e.g. QC work, ISO activities, facilities management, etc.) and other administrative matters.
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Associate
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Nov 2008 - Sep 2010
Develops a working knowledge of engagement objectives as well as planned audit approach and the specific audit procedures performed. Executes audit procedures, such as obtaining an understanding of routing data processes, testing controls, and performing substantive procedures. These may include, but not limited, to the following tasks:• Foots financial statements, income tax returns, SEC reports, etc.• Obtains evidential matter to substantiate the fairness of financial statements• Verifies the correctness of documents to support account balances• Identifies internal control deficiencies encountered during audit• Assists in studies and analyses of client’s processes, systems, controls, procedures • Performs research on certain audit and accounting issues Creates deliverables such as client correspondence, memoranda, worksheets, working papers, reports, and other pertinent documents that details the engagement procedures performed. Complies with all applicable firm policies and procedures. Adheres to the profession’s code of conduct as well as the firm’s General Professional Code of Conduct.
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EY
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United Kingdom
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IT Services and IT Consulting
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700 & Above Employee
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Supervisor (Senior 3) - Secondee
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Aug 2013 - Aug 2014
Seconded to assist in Capital Markets Group in Singapore• Knowledgeable in SAS 72 comfort letter issuance for RegS and 144A cross-border capital market transactions.• performs regulatory review of audit team in various countries selling securities that will be listed in Singapore Seconded to assist in Capital Markets Group in Singapore• Knowledgeable in SAS 72 comfort letter issuance for RegS and 144A cross-border capital market transactions.• performs regulatory review of audit team in various countries selling securities that will be listed in Singapore
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Education
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2004 - 2008
Polytechnic University of the Philippines
Bachelor of Science (BS), Accountancy -
2000 - 2004
Sumulong Memorial High School
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