JOANN M. FABITO, BSA,MBA,CPA
Passport Road, Abu Dhabi City, U.A.E
+971-50-8004197 / +971-55-5573991
joannfabito@hotmail.com
UAE Driving License # 820971
TARGETED / DESIRED POSITIONS
• Financial Controller
• Finance / Accounting Manager
• Manager - Financial Planning and Analysis
• Budgeting and Cost Control Manager or Specialist
• Management Reporting Specialist / Management Accountant
• Sr. Financial Analyst / Financial Analyst
• Chief Accountant / Senior Accountant and other Finance and Accounting mid-level positions
• Administrative related functions
PROFESSIONAL HIGHLIGHTS
• A Certified Public Accountant (CPA) with more than 15 years of experiences in Finance, Strategic Management, Financial and General Accounting, Auditing, and Business Administration.
• Able to develop accounting system, establish and set-up Budgeting and Accounting policies & procedures’ manual and internal controls.
• With 5-year experience as University Accounting Teacher, and a Public Accounting practitioner.
• Advanced proficiency in Microsoft Office Applications particularly in MS Excel,
• Proficient in ERP environments including SAP, Microsoft Dynamics GP, Oracle, Quick-books & Peachtree Accounting System.
AREAS OF EXPERTISE
• Finance and Accounting Management, Budgeting & Cost Control, Financial Analysis, Planning & Forecasting, Management Reporting, Preparation of Statutory Financial Statements, General Ledger maintenance, Bank & Intercompany Reconciliations, Auditing, Project Accounting & consolidation. Also is well-versed in all phases of accounting from identifying transactions to reports generation and preparation.
• Financial Modelling using MS Excel
• Excellent communications skills
INDUSTRY EXPOSURE
• Railway (Abu Dhabi, UAE)
• Exhibitions, Events, Hospitality, Commercial Leasing, and Project Management. (Abu Dhabi, UAE)
• Manufacturing, Trading, Real Estate, Shares and Property Development and Management (Dubai, UAE)
• I.T. and Telecommunications Industry. (Dubai, UAE)
• International Shipping Lines, Logistics and Forwarding. (Manila Philippines)
• Public Accounting and Audit practitioner. ( Manila, Philippines)
• Teaching and Academic background. (Accounting, Auditing, & Taxation subjects, Manila, Philippines)
• Noodle Manufacturing. ( Valenzuela City, Philippines)
WORK EXPERIENCES
MANAGEMENT REPORTING & BUDGETING SPECIALIST
Etihad Rail - The Developer and Operator of the UAE’s National Railway Network
January 15, 2014 – March 13, 2016
Main Accomplishments:
• Simplified and shortened the budget preparation process to less than 1 month from 2-3 months.
• Developed clearer, simpler, more concise, and user-friendly budget and various reporting templates from complicated formats.
• Prompt and timely decision-making has been made possible due to the immediate generation of various real-time desired reports supplemented by supporting detail as compared to previous delayed reports
• Initiated monthly variance analysis by business units and departments.
• Has been instrumental in the substantial decrease in the annual Budget as compared to 5-year planned budget by identifying historical actual performances by year as compared to planned activities.
Job Purpose:
Manages and coordinates budget preparation and management reporting functions. Develops and implements various financial analysis and management information reports pertaining to the company’s business management activities. Budgeting, Management Reporting, Financial Planning and Budgetary Controls, Cost Monitoring, and Financial Reporting and Analysis are the main functions of the job.
Description:
o Annual Budget Preparation – Manages, coordinates, and provide support to Unit Heads to complete the budget exercise and prepare the final presentation to the Board. Developed centralized, user friendly, concise, and sensible budget templates for the entire company.
o Board and Management Reporting- Develop and prepare periodic management Reports (Monthly, Quarterly, Annual, and as required) for the Board and Top Management.
o Financial Planning and Forecasting- Develop and prepare year-to-date estimated/forecasted Revenue and Expenses, Capital Expenses, Cash Flow, and Financial position available on a monthly basis.
o Financial and Budgetary Control- In-charge in the initial approval and release of Purchase Requisitions in SAP from all the cost centers based on the approved initiatives and budgets. Ensure that all requested expenses are within the budget and if unbudgeted, properly approved as per the company’s Delegation of Authority (DOA) procedures and policies.
o Financial Reporting and Audit Support - Develop and prepare Consolidated Financial Statements (Balance Sheet, Profit and Loss, and Cash Flow Statements) for the Etihad Rail (Parent Company) and ERDB (Subsidiary Company). Responsible to provide requested reports for Audit purpose related mainly to Budgeting and Management Reporting and Consolidation.
o Financial Analysis and Business Unit’s Support - Prepare analyses, comparisons, estimates and forecasts related to the periodic performances as compared to the planned budgets and initiatives of each business unit.
o Process Improvement - Identify all necessary and useful reports, ensure the automation and real-time online availability of the reports for the users in coordination with IT.
o Management – Developed and formulated Budgeting and Reporting policies and procedures manual. Participate in the negotiation meetings with the function heads to finalize on the departmental budgets and expenditures.
FINANCIAL ANALYST / MANAGEMENT ACCOUNTANT
Abu Dhabi National Exhibitions Company, PJSC (ADNEC)
Government owned company who owns and manages; Abu Dhabi National Exhibitions Centre; the largest exhibition center in the Middle East; ExCel London, Al Ain Convention Center, Capital Gate & Capital Centre.
October 15, 2007 – December 31, 2013
Main Accomplishments:
• Established Budgeting section in ADNEC with the complete process, procedures and policies from scratch.
• Developed useful Budgeting and various Statutory Financial and Management Report templates and formats from almost zero.
• Has been an important instrument in the formulation of Budgeting and Accounting Policies and Procedures Manual within Finance Department.
• Developed accounting and procurement forms linked with financial and budgeting reporting used by the whole company.
Position Objective:
Develop and maintain Annual Budgets and Management Reports. The function also includes various analysis on revenues, costs, capital assets, cash flow, financial position and other analysis reports to enable the monitoring of individual, department, and overall business performance against budgets and prior periods. The position also carries out ad-hoc analysis of various areas of performance and asset management as required.
Detailed Key Responsibilities
I. Budget Preparation and Analysis
o Develop, review and revise the budgeting formats, processes, procedures, and guidelines for Business functions, Support services, and Projects department.
o Prepare analyses, comparisons, estimates and forecasts related to key financial matters like investment decisions, cash management, expense budgeting, etc. based on the research on industry standards, benchmarks, and trends for performance measurement.
o Participate in the negotiation meetings with the function heads to finalize on the departmental budgets and expenditures.
o Consult with function heads to ensure that budget adjustments are made in accordance with program changes.
o Prepare the financial models to support feasibility studies and analyses of key expenditure accounts.
II. Process Improvement
o Work in cross-functional teams to streamline the processes and policies of the Finance Department in order to serve the internal and external customers in best possible manner, and complying with the regulations.
o Work with others in Finance Department to set-up and improve the applicable accounting policies and procedures affecting operational transactions and their recognitions.
o Provide suggestions and recommendations to improve the periodic reporting process in terms of accuracy, timeliness and reliability and ensure compliance with IFRS.
III. Financial and Management Reporting
o Prepare dashboards for management and provide financial forecasting reports and recommends cost reductions.
o Prepare periodic Management Reports (Monthly, Quarterly and Annual) providing variance analysis for business results highlighting the reasons for variances
o Produce timely and accurate monthly financial statements for the ADNEC Group including the detailed schedules and analysis.
o Provide recommendations for improvements for each operating / support lines based on the analysis of their strengths and weaknesses.
o Work with the Finance team for the preparation of the periodic financial statements based on the acceptable accounting standards as well.
o Coordinate with the internal and external auditors and provide them with the necessary reports and information as required.
FINANCIAL AND INVESTMENT ANALYST
AL YOUSUF GROUP OF COMPANIES Department: President’s Office / Strategic Planning
Jan. 1, 2007 – Oct. 11, 2007 (10 months)
A diversified conglomerate, which is more than 65 years in operations known in car and motor vehicle trading and agency, car rental, Imperbit membrane manufacturing, real estate, computer, electronics, and appliances trading, I.T and telecommunications dealership.
Position Objective:
Develop and Prepare Financial Reviews and Feasibility Studies on various prospect companies for Investment purpose internationally and locally. The position is also responsible for the overall budget preparation, financial and management reporting.
Job Description
Investment Analysis
o Prepare Feasibility studies for various business industries for stocks and private equity investment probabilities.
o Interpret data concerning price, yield, stability, and future trends in investment risks and economic influences pertinent to investments.
o Gather information such as industry, regulatory, and economic information, company financial statements, financial periodicals, and newspapers.
o Recommend investment timing and buy-and-sell orders to company or to staff of investment establishment.
o Analyze, evaluate existing data and turns this into information that is then presented to senior management in the form of a report.
o Provide summary of the research undertaken with Analysis Reports and recommendations to the management.
Budgeting and Financial Analysis
o Developed Budgeting templates and provided budget preparation guidelines
o Review margins and profitability of the company’s business segments and the overall performance as a whole and identify risk areas and provided suggestions for improvement.
o Highlight and identify budget deviations; Evaluates financial risk, prepare financial forecasts, financing scenarios and other documents concerning capital management, and write reports and recommendations.
ASST. MANAGER – ACCOUNTS
AL YOUSUF GROUP OF COMPANIES
June 11, 2006 to December 31, 2006 (more than 6 months)
Job Summary:
Acted as Manager- Accounts; responsible for all the Accounting related functions up to the preparation of all Financial Statements for the Shares, Property, and Real Estate Divisions and Owner’s accounts. The function manages a team of 5 Senior and Junior Accountants.
Duties and Responsibilities
o Has an ultimate responsibility in the preparation of monthly and quarterly management reports as well as the year-end financial statements.
o Checking and approval of all the accounting transactions and entries prepared by the subordinates from recording up to finalization.
o Develop and prepare annual budgets for property division, productivity and variance analysis.
o Prepared Consolidated Financial Statements for the Holding Company.
o Communicates with the financial institutions like brokers and banks related to investments and financing.
ACCOUNTANT
The Integrated Systems and “The Music Institute” (Dubai, UAE)
April 1, 2006 to June 10, 2006 (more than 2 months)
Accomplishments
For these two companies owned by the same partners; have pioneered the setting-up of their accounting system by preparing its accounting manual and by developing its chart of accounts. I have also prepared for them the financial statements from the year 2004 until March 2006. The financial statements for one company; “The Music Institute” were not prepared since its’ inception in 2004 and the other company which was established in 2000.
FINANCE AND ADMINISTRATIVE MANAGER
AN-TAT SHIPPING CORPORATION, Philippines – International Shipping Lines
April 2001 to January 25, 2006 (4 years and 9 months)
Main Accomplishments:
• Developed and started proper overall Finance and Administrative functions from recording to reporting following acceptable standards and procedures from a non-acceptable standards and procedures.
• Increased the Non-operating Income of the company by proper Cash management and bank investment placements.
• Decreased company’s tax liability by doing strategic but legal cost reallocation and assignments.
• Improved the average collection period to less than 1 month from the previous period of 45-60 days due to delayed voyage reports and lack of follow-ups.
• Helped the company to maintain large principals abroad by maintaining best counterpart relationships thru excellent financial and various reporting communications delivered on a timely manner.
Job Summary Description:
Head of Finance and Accounting Department with Administrative functions involved in the company’s daily operations and plays a key role in the setting of company policies and prepares strategic and tactical business plans. Managed a team of 4 Staffs in Finance and Accounts and 1 for Administrative functions.
Detailed Job Description:
o Oversee company internal control structure, accounting systems, revenue recognition and accounting policies and procedures.
o Has an ultimate responsibility in the preparation of Financial Statements
o Develop and prepare annual budgets for the organization, periodic productivity and variance analysis.
o Has full responsibility for the timely reporting of all the required reports to principal abroad, such as voyage and monthly statement of accounts.
o Cash management function- to ensure that there was no idle cash, through safe investment opportunities, as well as the control of working capital balances.
o Prepare monthly bank reconciliation statements for various bank accounts.
o Personally execute all transactions relating to payroll and other administrative functions.
o Manage all aspects of corporate taxation and ensure compliance for all government requirements as to reporting and payment of business and income taxes as well as payroll and other applicable taxes.
OTHERS: PART TIME CONSULTANT / ACCOUNTANT
o CHUEN YANG LOGISTICS, INC. - Freight Forwarding (Jan-2005 to Jan-2006)
o C. MINA FINISHING CONTRACTOR -Building/Project Contractor(Nov.2004 –Jan. 2006)
o AREN COMPUTER SERVICES: Computer Sales, Rentals, Services & Trainings (Feb., 2005 -Jan. 2006)
o ST. VINCENT LEARNING SCHOOL: (Elementary School) (Apr.2004- Jan. 2006)
ACCOUNTING & TAXATION TEACHER
COLLEGE OF BUSINESS EDUCATION
TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES- (Manila, Philippines)
June 2000- March 2001 (1 year Full-time) / June 2001-January 2006 (5 years- Par-time)
Job Summary Description:
Conducts classroom instructions and trainings on Accounting, Auditing, and Taxation subjects for courses majoring Bachelor of Science in Accountancy (BSA), and Bachelor of Commerce.
ACCOUNTING ASSISTANT
GLOBAL PUBLISHING COMPANY, Philippines
June 1999- Dec. 31, 1999 (6 months)
SECRETARY / BOOKKEEPER
GERONIMO FOOD PRODUCTS - Noodles Manufacturing Company/ Chicken & Livestocks Distributor
(Valenzuela City, Philippines) October 1992 to May 1995 (2 years and 7 months)
QUALIFICATION/CERTIFICATION
• CERTIFIED PUBLIC ACCOUNTANT (CPA) – JUNE, 2000
PROFESSIONAL REGULATION COMMISSION (Manila, Philippines)
EDUCATION
• MASTER IN BUSINESS ADMISTRATION (MBA), June, 2002 - March, 2004
PHILIPPINE SCHOOL OF BUSINESS ADMINISTRATION
• BACHELOR OF SCIENCE IN ACCOUNTANCY (BSA), June, 1995 - March, 1999
TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
• VOCATIONAL / CERTIFICATION on COMPUTER PROGRAMMING
COMPROTEC Computer School, Philippines- October, 1992 - October, 1994
PROFESSIONAL DEVELOPMENT:
• EFFECTIVE BUDGETING AND COST CONTROL – with 25 CPE Credits
Meirc Training & Consulting (December 27- 31, 2015- Dubai, U.A.E)
• FINANCIAL MODELLING WITH EXCEL
INFORMA (December 13-15, 2015- Abu Dhabi, U.A.E)
• FAST CLOSING MONTHLY AND YEAR-END ACCOUNTS
Meirc Training & Consulting (November 15-17, 2009 – ADNEC Capital Suite 5, Abu Dhabi, U.A.E)
• MASTERING THE ART OF COMMUNICATION
Select Training and Management Consultancy (Aug.18-19, 2009; ADNEC, Abu Dhabi, U.A.E)
• MASTERING BUSINESS & FINANCIAL MODELLING USING EXCEL- with 25 CPE Credits
Meirc Training & Consulting (June 22- 26, 2008 – Dubai United Arab Emirates)
PERSONAL INFORMATION:
Age: 40 years old
Civil Status: Single
Nationality: Filipino
Personal Traits: Passionate, Excellent communications skills, Analytical, Proactive, Meticulous, Team player,
Numbers- friendly and fast learner.