Michael Gutierrez, CPA
Accountant at Arena Middle East General Trading LLC- Claim this Profile
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English -
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Bio
Credentials
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Certified Public Accountant
Philippine Regulatory CommissionMay, 2012- Nov, 2024
Experience
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Arena Middle East General Trading LLC
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United Arab Emirates
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Oil and Gas
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1 - 100 Employee
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Accountant
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Mar 2019 - Present
Maintained accounting and bookkeeping activities, analyzed transactions, prepared necessary entries and provided management with financial reports. Reviewed purchase contracts and recaps in coordination with the Trading department. Liaised with shipping department for the load port demurrage, freight, agent and other cost and ensure calculations are correct. Checked and evaluated service creditors invoices (checking rates of service, discount as per agreement, credit terms, nomination details). Issued payments request to service Creditors (surveyors, terminals & service providers) for all expenses via cash, cheque or online bank transfer and reconciled service provider’s accounts. Managed petty cash expenditures and payrolls entries. Key Achievements: • Started the implementation of Tally ERP 9 which reduce human errors and produce timely and accurate financial reports. • Assisted with the development of financial policies and procedures like LPO creation before payment processing which made sure all authorize signatories able to checked and verified the payment request which reduced errors and made on-time payment to the service providers. • Helped reduced administrative expenses by suggesting 3 quotation policy before finalization of supplier. • In-charged in dealing with Auditors and monitoring closely the quarterly VAT filing and compliance of the company. Show less
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Oskarphone LLC - اوسكار للهواتف ذ م م
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United Arab Emirates
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Computers and Electronics Manufacturing
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1 - 100 Employee
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Accountant
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Jan 2017 - Mar 2019
Managed the company’s records analyze transactions and make necessary entries in Journals. Reconciled Customer, Supplier and Ledger accounts and reviewed all Vouchers like Receipts, Payments and Journals including Local & Foreign Purchases. Assists in operations such as purchasing, logistics and inventory management and supported 2 Dubai branches for accounting and operations concerns. Prepared reports that Finance manager and CEO needed. Key Achievements: • Helped the Company to maintain Solvency by doing aging report and implementation of collection strategy to follow up of Receivables and ensure proper documentation before processing of Payables to suppliers. • Boosted company collection efficiency by implementation of customer’s account blocking through credit days which help sales man to know if their customer have outstanding balance already. • Coordinating with Auditors and monitoring closely the quarterly VAT filing and compliance of the company. • Managed to perform Oman Branch accounting in year 2017 up to finalization and Financial Statements preparation both in UAE and Oman database. Show less
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Personal Collection Direct Selling, Inc.
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Quezon CIty
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Sr. Corporate Auditor (Compliance & Operations)
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Jun 2014 - Oct 2016
Improved internal control efficiency and risk reduction by presenting valuable audit findings. Spearheaded diagnostic review of three departments naming Warehouse, Logistics and Purchasing. Interfaced with Audit consultant and Management to develop annual audit plan and to present audit results and recommendations to improve company performance. Key Achievements: • Audited more than 50 branches nationwide, draft the findings and help reduced high risk or non-compliant branches from 50% to 25% during 4 cycles of Branch operations audit. • Managed turn-over of at least 10 branches from franchise to company owned, and help the company recover over 1 million by performing Cash, Accounts Receivable and Inventory variance computation and analysis. • Saved the Company for External Audit expenses by assisting the external auditors in every field work and supervised their audit staffs. • Boosted company sales by solving sold out issues of products in the branches by making sure the accuracy of Physical Inventory versus System Inventory balance of Central warehouse when became Warehouse supervisor for 2 months during the vacancy of the position. • Helped strengthening the internal controls by creating claim reports to improve efficiency and produced monetary recovery by identifying unclaimed damaged or incomplete deliveries of forwarders to branches. Show less
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Virgilio R. Santos & Co. CPA’s
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Quezon City
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Audit-in-charged (Taxation & Financial Audit)
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Jun 2012 - May 2014
Planned and conducted financial audits to confirm financial statements are fairly presented in alignment with GAAP. Analyzed, reviewed, and assessed reliability and fairness of clients’ financial statements and communicated findings to the Management. Provided preparation services of the client’s income tax returns. Key Achievements: • Prepared complete set of audited financial statements of clients including Income Tax Returns and other compliance to SEC and BIR. • Reduced Income tax payment of client by 10% by advising them to secure a copy of creditable withholding tax certificates from their supplier which can be deducted to their Income tax liability. • Helped minimized income tax liability of client by 5% by re computation of their Depreciation expense that was erroneously understated by their accounting staff. • Trained and assisted 4 new audit staffs in audit procedures, documentation and daily audit techniques. • Discussed audit findings with company Executives/President in small business clients. Show less
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Education
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2007 - 2011
Polytechnic University of the Philippines
Bachelor of Commerce - BCom, Accounting and Finance
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