Sindulfo Etchin Sumagang

President at Oneworld Alliance Logistics Corp.
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Location
CA

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Experience

    • Philippines
    • Transportation, Logistics, Supply Chain and Storage
    • 1 - 100 Employee
    • President
      • Aug 2014 - Present
    • Vice President – Controller, Treasurer and Risk Management Officer
      • May 2011 - Apr 2012

      a Listed Company in the Philippine Stock Exchange (PSE: ROX, www.roxas.com.ph) – Biggest Sugar Company (36,000 Tons of Sugar Milled Per Day) and 2nd biggest producer of Ethanol in the Philippines; Reports directly to the President. Personally reports monthly the Financial Performance to the Board of Directors. Prepares quarterly Reports and Management Discussions and Analysis (MDA) for the Philippine Stock Exchange. Supervises 7 Senior Accounting, Treasury, Financial Planning/Budget and IT Managers and more than 30 staff. Principally responsible in the strategic planning, development and leadership of the entire finance organization of the group including the day-to-day financial operations delivering more than Pesos 8.0 billion (US$190 mn) of Revenues. Financial and Operational Achievements: From a series of losses incurred by the group due to its aggressive expansion program in 2008, the whole group registered a major financial turnaround and posted a Net Income of Pesos 332 million (US$8 million) in the last six months. Successfully negotiated the re-structuring of Pesos 6 billion (US$143million) Long Term Debts of the company including changes of the onerous negative covenant provisions of the Loan Agreement. Introduced a new Budget Preparation and Monitoring System and instituted control procedures on various ongoing real estate developments to maximize profits. Negotiated Bank Credit Lines for various projects and working capital requirements of the subsidiaries.

    • Vice President and Chief Finance Officer and Risk Management Officer
      • Jan 2010 - Apr 2012

      a Listed Company in the Philippine Stock Exchange (PSE: RCI, www.roxascompany.com.ph) Biggest Sugar Company and 2nd biggest producer of Ethanol in the Philippines. With 3,000 hectares of landholdings. A leading real estate developer with on-going and completed projects in high-end and affordable residential homes, commercial centres, hotels, resorts and memorial park. a Listed Company in the Philippine Stock Exchange (PSE: RCI, www.roxascompany.com.ph) Biggest Sugar Company and 2nd biggest producer of Ethanol in the Philippines. With 3,000 hectares of landholdings. A leading real estate developer with on-going and completed projects in high-end and affordable residential homes, commercial centres, hotels, resorts and memorial park.

    • Real Estate
    • 1 - 100 Employee
    • Vice President and Chief Finance Officer
      • May 2009 - Jan 2010

      A Developer of 3 high-end 600-units residential condominiums in Metro Manila.; Reports directly to the President and personally reports the monthly Financial Performance to the Board of Directors. Responsible in the strategic planning and day-to-day financial operations of the Company. Supervises 2 Senior Managers and 8 Supervisors and staff. Financial and Operational Achievements: Maximized the profit of the Condominium Buildings by instituting various cost control and by importing major materials. Negotiated Bank Credit Lines of Pesos 700 million (US$ 17 million) for the working capital requirements.

    • Real Estate
    • 100 - 200 Employee
    • Vice President
      • Feb 2006 - Mar 2009

      After completing the Executive MBA in the United States, was tasked to build the Leisure Tourism – Hotels Business. Leads in the implementation of the highly successful resort and hotel developments – Playa Calatagan, Playa Laiya, Club Punta Fuego Hotel (Expansion) and various hotel management negotiations. Reports directly to the President and to the Board of Directors. Supervised 4 Senior Managers in Business Development, Construction, Finance and Accounting. After completing the Executive MBA in the United States, was tasked to build the Leisure Tourism – Hotels Business. Leads in the implementation of the highly successful resort and hotel developments – Playa Calatagan, Playa Laiya, Club Punta Fuego Hotel (Expansion) and various hotel management negotiations. Reports directly to the President and to the Board of Directors. Supervised 4 Senior Managers in Business Development, Construction, Finance and Accounting.

    • Vice President and Chief Finance Officer
      • 1996 - 2005

      When the Asian Financial Crisis started, Successfully implemented financial strategies to survive the crisis and was able to cut down the debt of the Company from more than P1.2 billion (US$29 million) when the Crisis hit to less than P100 million (US$2.3 million) in 2005 when I took a leave absence for my Executive MBA studies in Boston, MA, United States of America. Initially reporting to the Business Unit Head and eventually to the President and the Board of Directors. Supervises the Finance Managers in charge of Business Units and their staff.

    • Chief Finance Officer
      • Nov 1993 - Jun 1996

      Was a key player in the major turnaround of the food business of the Metro Pacific Group. Instituted controls and streamlined all financial and operational processes of the business. From a loss of over P40 million when we took over the company, we were able to turn the Company around and achieved an income of P60 million after just 2 years. Reports to the General Manager and Supervised 8 Supervisors and staff. Was a key player in the major turnaround of the food business of the Metro Pacific Group. Instituted controls and streamlined all financial and operational processes of the business. From a loss of over P40 million when we took over the company, we were able to turn the Company around and achieved an income of P60 million after just 2 years. Reports to the General Manager and Supervised 8 Supervisors and staff.

    • Audit Supervisor
      • Nov 1989 - Oct 1993

      Financial and Operational Achievements: Conducted Audit in the Head Office and subsidiaries. As Claims Manager, I implemented the aggressive computerization of financial and inventory systems, claims and other processes nationwide that resulted in the reduction of transaction processing time, unaccounted inventories (more than P200mn during the manual system) and drastic reduction of claims processing from 140 days to less than 60 days thereby bringing down collectibles from almost P100mn to less than P30mn. Reports to the VP for Finance and Supervised 2 Supervisors and 4 staff.

    • Assistant Trading Manager
      • 1984 - 1989

      an international Trading company in Manila. First job – Started as Accounting Staff. Last position was Assistant Trading Manager from Nov 1984 to Oct 1989. Achievements: Excellent performer in areas of assignment. Was promoted almost every year. Started as Accounting Assistant then promoted as Accounting Supervisor, then to Internal Audit Supervisor, then to Assistant Internal Audit Manager then to Assistant Trading Manager. In charge of trading of Copra, Coconut Oil and coconut by-products to the United States and Europe markets. Reports to the Vice President for Operations and supervised 1 Supervisors and 3 staff.

Education

  • University of Toronto
    Advance Studies, Business Law and Taxation
    2012 - 2013
  • Hult International Business School
    Executive MBA; Graduate, Business Administration
  • Silliman University
    Bachelor of Science, Business Administration, Major in Accounting
    1979 - 1983
  • University of Toronto
    for CA and CMA, Canadian Business Law and Taxation

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