JENNAH MAE PAÑARES
St Albans,Australia
Summary
Accomplished Certified Public Accountant with 10+ years of relevant experience in financial management, accounting operations, accounting software design and implementation, and team leadership. Successfully improved financial reporting processes in previous roles, leading to enhanced efficiency and reliability of financial information. Seeking to leverage expertise in financial and managerial accounting, financial statement analysis, budget preparation and execution, and strategic planning in a challenging role at Wyoming, New South Wales, Australia.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Chief Finance and Accounting Officer
Red Carpet Auto Central Cagayan de Oro Inc.
Cagayan de Oro City, Philippines
09.2019 - Current
- Company Overview: Red Carpet Auto Central CDO is one of Cagayan de Oro's premier car care shops with over 1.1 million AUD of annual Revenue
- As the CFO, I’m responsible for overseeing budget management, strategic planning, financial operations, tax and accounting compliance with standards, regulations and corporate policies
- Lead a team of 5 accounting staff in managing financial transactions, including billings, collections, capex and payroll
- Developed and implemented financial control systems that eliminate accounting errors and reduced monthly processing time by 50%
- Directed the successful integration of new financial software, enhancing customized reporting capabilities by 80%
- Oversaw the external audit process, achieving 0 compliance issues for 4 consecutive years
- Improved revenue forecasting accuracy by 80% by implementing advanced analytical techniques
- Monitored daily cash balances and prepared weekly cash forecasts.
- Oversaw full accounting cycle and certify financial statements.
- Diminished financial discrepancies and accurately reconciled accounts using detailed data analysis results.
- Minimized internal accounting department backlogs by updating accounts and generating reports.
- Developed actionable improvements for existing processes and presented to management.
Business Consultant and Product Manager
Xventures Technologies Inc
Valencia City, Philippines
12.2018 - Current
- Company Overview: Xventures Technologies is a Financial Technology company that is primarily engaged in designing and developing custom software applications, frameworks and tools
- As a Project Manager, I am responsible for defining every new software’s vision, strategy and roadmap, ensuring timely delivery of the product, customer satisfaction and market competitiveness
- Researched industry trends in order to provide insightful guidance regarding future investments.
- Facilitated workshops with stakeholders to discuss challenges faced by organizations.
- Implemented process improvement initiatives to enhance operational efficiency.
- Explored potential partnerships between companies as a way of expanding marketshare.
Interim Board Member, Finance Committee Chairperson
Bukidnon Pharmaceutical and Multi-Purpose Cooperative
Valencia City, Philippines
03.2021 - 10.2021
- Company Overview: Bukidnon Pharmaceutical and Multi-Purpose Cooperative is a billion-peso cooperative in the heart of Mindanao, Philippines.
- As a member of the Board of Directors, I am bound to deliver sound and competent decisions for the overall governance of the cooperative, setting its long-term trajectory in terms of purpose, financial, and socio-economic goals.
- Cultivated favorable stakeholder relationships for strategic progress and mutually beneficial business agreements.
- Led strategic planning and execution to enhance profitability and cooperative growth.
- Coordinated with the executive director to ensure that board decisions were implemented effectively.
Owner, Sole Practitioner and Consultant
Panares Tax, Accounting, Auditing, and Bookkeeping Consultancy Firm
Maramag, Philippines
06.2017 - 02.2021
- I established my own consultancy firm in 2017 and registered in various government regulatory agencies to be able to offer full range of business services in my locality including tax, accounting, auditing, bookkeeping, payroll solutions and other related services
- Analyzed client business needs and assisted in determining appropriate resources and strategies.
- Led startup and creation of operational procedures and workflow planning.
- Maintained relationships with existing clients by providing superior customer service.
Company Accountant
NC Engineering Services
Maramag, Philippines
04.2016 - 07.2019
- Company Overview: NC Engineering Services is a 100-million-peso mechanical engineering company engaged primarily in the construction of industrial plants and factories.
- Hired as the first company accountant, I heavily utilized reconstructive accounting to establish accurate financial statements for a 10-year-running business.
- Analyzed previous period's financial reports and proposed prior period adjustments to produce complete and error-free financial records.
- Designed and implemented new accounting policies and procedures for a systematic and orderly recording of financial transactions.
- Organized personnel in the accounting department by creating specific accounting positions, completed with their corresponding job descriptions, to establish duties and responsibilities.
- Exercised direct management and control over all accountable transactions of the company.
- Created uniform business document templates to reflect and incorporate various accounting controls.
- Prepared for the first time a Depreciation Schedule for Long-Term Depreciable Assets.
- Reviews and certifies computation of payroll.
- Assisted clients in determining business strategy and achieving profitability goals.
- Analyzed financial information to recommend or develop efficient use of resources and procedures.
- Mitigated annual audit risks, and developed final certification reports.
- Cross-trained employees, enabling completion of priority tasks during personnel absences.
Accounting Supervisor
Bukidnon Pharmaceutical and Multi-Purpose Cooperative
Valencia City, Philippines
05.2015 - 03.2016
- Company Overview: Bukidnon Pharmaceutical and Multi-Purpose Cooperative is a billion-peso cooperative in the heart of Mindanao, Philippines.
- As an Accounting Supervisor, I was primarily in charge of the accurate, efficient, and timely preparation of financial reports necessary for decision-making.
- Consolidation of 20 financial reports from 20 branches.
- Reconciliation of inter-branch transactions.
- Profit and Loss Analysis.
- Quality control of record-keeping procedures.
- Crafted and proposed new accounting policies, systems, and procedures.
- Represented clients in interaction with tax authorities and provided knowledgeable litigation support to resolve financial issues.
Faculty Member, Accountancy Department
Bukidnon State University
Malaybalay City, Philippines
06.2012 - 10.2014
- Company Overview: College of Business, Accountancy, Hospitality, and Public Governance.
- Instructed major accounting subjects, such as Auditing Problems and Theory, Management Advisory Services, Business and Income Taxation, Partnership and Corporate Accounting, and Basic Principles in Accounting.
- Handled and facilitated the Accounting Practice Set for all accounting students.
- Directed full classrooms of students to develop various kinds of research.
- Designed collaborative learning exercises to capitalize on students' resources and skills.
- Adapted instruction methods to address individual student needs.
Education
Bachelor of Science - Accountancy
Bukidnon State University
Malaybalay City, Bukidnon, Philippines03.2011
Skills
- Financial and Management Analysis
- Strategic Planning
- Tax and Compliance Management
- Financial Software Design and Implementation
- Internal Audit and Controls
- Revenue and Expense Forecasting
- Budgeting Management and Analysis
- Policy Making and Financial Oversight
- Corporate Governance
- Risk Assessment and Management
- Marketing Economics
- Bookkeeping, Billing, Invoicing
- Payroll Management
- Stakeholder Communication
- Cash Flow Management
- Account Reconciliation
- Variance Analysis
- AP and AR Management
- Fixed Asset Management
- Bank Reconciliation
- General Ledger Management
- Microsoft Office Application
- Detail-oriented, Focused and Highly Organized
- Efficient and Resourceful
- Effective Multi-tasker and Flexible
- Strong Analytical and Problem-solving skills
- Excellent verbal and written communication
- Trustworthy, discreet and ethical
Certification
Certified Public Accountant, Board of Accountancy, Philippine Regulation Commission, 05/22/12
References
- Michael Francis Borbon, Parlour Manager, Wyoming Dairy Inc., 218 Cambell’s Road, Mayrung, New South Wales, 2710, Australia, +61450392377
- Jean Espina, Accounts and Sales Assistant, Silver Service Hospitality Supplies, Hoppers Crossing, Victoria, 3029, Australia, +61401581744
- Alben B. Sandot, Chairman, President and Chief Technology Officer, Xventures Technologies Inc, Valencia City, Bukidnon, Philippines, +639551937345, tech.xventures@gmail.com
- Ma. Esther O. Marinas, Vice Chairman of the Board of Directors, Bukidnon Pharmaceutical and Multi-Purpose Cooperative, Valencia City, Bukidnon, Philippines, +639177160078
Personal Information
- Age: 38
- Place of Birth: Maramag, Bukidnon, Philippines
- Height: 155cm
- Weight: 65kgs
- Citizenship: Filipino
- Date of Birth: 05/31/86
- Marital Status: Married
- Religion: Assemblies of God
Timeline
Interim Board Member, Finance Committee Chairperson
Bukidnon Pharmaceutical and Multi-Purpose Cooperative
03.2021 - 10.2021
Chief Finance and Accounting Officer
Red Carpet Auto Central Cagayan de Oro Inc.
09.2019 - Current
Business Consultant and Product Manager
Xventures Technologies Inc
12.2018 - Current
Owner, Sole Practitioner and Consultant
Panares Tax, Accounting, Auditing, and Bookkeeping Consultancy Firm
06.2017 - 02.2021
Company Accountant
NC Engineering Services
04.2016 - 07.2019
Accounting Supervisor
Bukidnon Pharmaceutical and Multi-Purpose Cooperative
05.2015 - 03.2016
Faculty Member, Accountancy Department
Bukidnon State University
06.2012 - 10.2014
Certified Public Accountant, Board of Accountancy, Philippine Regulation Commission, 05/22/12
Bachelor of Science - Accountancy
Bukidnon State University
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