LHORA R. ABUT,CPA
Contact Number: +971 582487810
E-mail: abutlhora@yahoo.com
Address: Maisloon Building Flat 907, King Faisal, Sharjah, UAE
SUMMARY OF QUALIFICATIONS:
Certified Public Accountant with nine years of experience in accounting –financial reporting, expenditure accounting, financial accounting, tax analysis and bookkeeping; with history of continuous improvement. Skilled in the production and presentation of various tax reports and consolidated financial statements. Committed to providing total quality work, meticulous and attentive to quality and details. With proven competence in working with people with diverse background.
PROFESSIONAL EXPERIENCE:
Raseed Invest Limited –DIFC Dubai, UAE
An Investment Company in DIFC Dubai, UAE
Financial Manager March 2023 – Present
• Produce monthly financial statement and supporting schedules.
• Implement company policies and procedures and ensure compliance with professional standards.
• Monitoring regulatory capital and liquidity requirements on an ongoing basis.
• Produce and submit annual and quarterly prudential regulatory returns to the DFSA.
• Responsible for year-end financial audit reports.
• Liaise with internal and external auditors for the production of annual audited accounts.
• Managing in the preparation/reviewing the annual budgets.
• Provide support for cashflow planning and petty cash.
• Manage human resources related works
• Preparation of the monthly payroll.
Sharjah Mega Mall –Al Budaniq, Sharjah, UAE
One of the pioneer Mall in Sharjah; leading in retail and leisure destinations in the UAE
Chief Accountant September 2018 – December 2020
• Review the day to day transactions of Accounts Payable and Accounts Receivable Accountants.
• Verify transactions and its supporting documents.
• Ensure the recording of all transactions, its existence and prepare in accordance with company policies and procedures.
• Perform month-end accounting activities such as reconciliations and journal entries.
• Coordinate with finance team to complete assigned accounting tasks within deadlines.
• Prepare Financial Statements, Bank Reconciliation and Cash Flow.
• Analyze Financial discrepancies and recommended effective resolutions.
• Prepare financial analyses and reports.
• Assist with preparing and monitoring of budgets.
• Provide guidance to other accountants when needed.
• Assist in auditing activities by providing necessary information and preparing requested documentations.
• Preparation, validation and submission of quarterly VAT returns.
Security Bank Corporation –Ayala Avenue, Makati City, Philippines
One of the Philippines’ leading universal bank serving retail, commercial, corporate banking services.
Operations Officer August 2016 – January 2017
• Processes Cash Disbursement and Cash Receipt for the subsidiaries of the bank
• Checks the validity, completeness and accuracy of the transactions
• Prepares accounting entries which will be posted to the General and Subsidiary ledger.
• Computes the taxes due for the subsidiary, Prepares and files BIR Tax Returns. Ensures that it is file one day before the deadlines.
• Prepares the Financial Statements including related schedules, BSP Reports, SEC Reports and other reports needed.
• Computes and processes booking of ROPA (Repossessed Asset) accounts of the bank.
• Assists auditor for the schedules and other department needed for the audit examinations.
• Files and safe keep of all the transactions and documents process for the month.
United Coconut Planters Bank –Makati Avenue, Makati City, Philippines
Bank with subsidiaries that operate nationwide delivering full range of expanded commercial banking services to highly diversified clientele.
Tax Analyst
December 2013 – July 2016
• Accomplishes timely and accurate reports of tax liabilities of the bank which covers the following: Income Tax Accrual and Remittance; Regular Corporate Income Tax (RCIT) and Minimum Corporate Income Tax (MCIT) of the Regular Banking Units (RBU); and accounting for BIR Form 2307 supporting the Tax Credits.
• Processes E-filing of BIR Form 1702Q (Quarterly) and BIR Form 1702 (Annually) thru EFPS.
• Computes monthly of Accrual and Remittance for Gross Receipts Tax for Branches.
• Monitors EDST (Electronic Documentary Stamp Tax) Account Balance which includes purchase of Documentary Stamps Inventory, Creation and Deletion of EDST Users, Resetting of Password and Monthly Reconciliation of EDST affixtures and booking per GL.
• Provides support in the Audit Examination of the BIR and Independent CPA by gathering documents and prepares the schedules requested by the Examiner and/ or independent CPA.
• Conscientiously safe keeps the Files and Tax Documents.
Financial Accounting Staff
July 2012 – November 2013
• Reviews the joint venture agreement, records transactions and maintains accounting records. Checks the transaction sheets and supporting documentations and computations as to validity, accuracy and completeness. Prepares the accounting entries in accordance with Generally Accepted Accounting Principle and other policies. Posts to subsidiary ledgers, general ledgers, trial balances and other related accounting records. Safeguards the confidentiality of accounting records.
• Performs monthly accounting process, schedules and prepares corresponding entries for the Subsidiary Ledger and General Ledger which includes Amortization Schedule, Schedule of Accruals and Inventory Adjustments.
• Prepares Financial Statements (i.e. Balance Sheet, Income Statement, and Statement of Changes in Equity) and related Balance Sheet Accounts Schedule and its analysis; ensures the timeliness and compliance of the reports with the following Service Agreement.
• Computes taxes due, prepares tax returns, obtains and ensures completeness of required supporting documents, monitors filing and remittance to BIR within deadlines.
• Liaises with the Joint Venture Partners and resolves issues to improve accounting and reporting requirements, to reconcile records and remittances, sales; and related transactions in accordance with joint venture agreement.
Bookkeeper
February 2011 – June 2012
• Processes Payments, Cash Advance and Reimbursement to suppliers through Credit to Account.
• Checks validity, accuracy and completeness of the transactions; verifies signature of approving officer.
• Classifies correct GL Expense Account based on transactions. Encodes accounting entries to (AXAPTA) Accounting System. Prepares Credit Memo/Debit Memo for the respective accounts and print transmittal slip.
• Checks account name, account number and employee number as to details indicated on the transaction sheets; Ensures that all details posted are correct. Prints journal entries for checking of the Section Head.
• Processes Regular SSS (Social Security System) Pension. Facilitates transfer of CD to IT Department for program running of SSS Pension. Sorts and organize per Branch Uploading Exceptional Report Monthly. Prepares Entries for Crediting of SSS Pension.
Le Soleil Shipping Agencies, Inc. –Chino Roces Avenue, Makati City, Philippines
Philippine-based logistic firm that provides top-notch shipping services
Accounting Staff
March – August 2010
• Performs wide array of Accounts Payable Functions for Agency and Principal.
• Checks Transaction Sheets and Supporting Documents for its completeness.
• Verifies Accuracy of every expense before recording.
• Reviews Payable Accounts to ensure that information is properly recorded and that the records contain appropriate authorization for payment.
• Prepares Cheques and Check Vouchers for Disbursement; Facilitates and Monitors Cash Advance and its Liquidation for Principal and Agency.
• Prepare Summary of Sales per vessel and its supporting documents for Principal Reporting.
EDUCATION, SCHOLARSHIP AND CERTIFICATION:
Certified Public Accountant –Manila, Philippines 2009
Board of Accountancy, Professional Regulation Commission
University of Luzon –Dagupan City, Philippines 2007
Bachelor of Science in Accountancy
PANGASINAN PROVINCIAL GOVERNMENT –Pangasinan, Philippines
Academic Scholarship
ACCOUNTING SOSTWARE EXPERIENCE:
SAP, Yardi, Tally ERP9, Microsoft Dynamics AX, QuickBooks, PMS (Property Management System), Peachtree, Xero
PERSONAL DATA:
Female, Single, Filipino, born on 13 October 1986 and is currently residing in Sharjah, UAE