Vicente F. Abello

Sitio Kawayanan, Yati Liloan Cebu, Philippines

Phone: (63) (032) 517 6211 / (63) (0945) 679 2720 / (63) (0943) 414 2813

Email: [email protected]

Career Summary
An experienced finance professional with 21 years of work experience in different field of finance covering finance and administration, credit and control, customer management, management advisory services, operations audit, systems & documentation, financial analysis, route to market, cost accounting & bookkeeping with Coca-Cola FEMSA Philippines Inc., a multi-national FMCG company. A dedicated and self-driven player with excellent skills to lead a significant turn-around in the financial operations of the company. Has strong ability to conceptualize and implement financial policies and procedures. Very confident individual with strong ability to adapt and become productive in newly assigned tasks.

Employment History
Coca-Cola FEMSA Philippines
Finance and Administrative Supervisor
February 2014– July 15, 2015 & March 16, 2017 – April 15, 2018
§  Responsible in proper application of accounting standards and company policies involving sales, discounts, container deposits, claims from DPs and Partners & DSR/RDR, product returns and cash deposits.

§  Review journal vouchers related to route settlement to update general ledger accounts.

§  Examine income statement and balance sheet accounts prior to closing period and ensure adjustments are made to correct account balances.

§  Properly manage closing activities to ensure compliance to company policies especially on the recognition of revenue and expenses in last day of the period.

§  Monitor metrics of direct reports on regular basis and draw corrective and improvement plan whenever necessary.

§  Recommends process improvement and re-engineering initiatives within finance organization.

§  Provides reports on Satellite Distribution Center financial situation and other operational issues.

§  Also manages the merchandising, promotions and other assets of satellite distribution center through the Asset Control Analyst

Credit Management Supervisor
July 16, 2015 – March 15, 2017
§  Accountable for the entire credit granting process, including the consistent application of a credit policy.

§  Periodic credit reviews of existing customers to assess reasonableness of credit granted to customers

§  Assessment of the creditworthiness of potential customers, with the goal of optimizing the mix of company sales and bad debt losses.

§  Credit balance analysis and reporting.

Coca – Cola Bottlers Philippines, Inc.,

Sr. Finance Analyst – Transformation and Internal Control Group

July 2013 – Jan 2014

§  Execute Internal Control working plan to ensure compliance to defined goals.

§  Participate in activities such as, but not limited: Internal control revision, Inventories, AR Balances validation, etc.

§  Participate in the training process to standardize operational best practices

§  Consolidate operational gaps and learnings regarding the standardization process.

§  Consolidate requirements for new Procedures development.

§  Status report in monthly basis.

Sr. Finance Analyst III – Route-To-Market Finance

September 2011 – June 2013

§  Prepares business and financial analyses for Route to Market team on new RTM strategies, such as computation of Cost to Serve Analysis, BEV and Profit and Loss.

§  Prepares reasonable and realistic financial estimates based on proposed business strategies and determine financial impact of said proposed strategies to the regions financial targets.

§  Prepares reasonable and realistic financial estimates for our partners to measure profitability of both the CCBPI and Partners.

§  Conducts regular monitoring and audit of Partners profitability to further improve route-to-market initiatives.

§  Provides post-program analysis to ensure that programs achieve their stated objectives, and providing analysis on the primary drivers.

§  Evaluates program strategies if aligned with company policies, procedures, and prescribed internal controls.

§  Reviews Service Level of Agreement (SLA) with clients to check for feasibility and raises SLA issues to RTM Finance Manager.

Sr. Finance Analyst III – Commercial Finance – CAPEX (Capital Expenditures)

May 2010 – Sept 2011

Prepares reasonable and realistic financial estimates based on proposed business strategies and determine financial impact of said proposed strategies to project proponents.
Evaluates program strategies if aligned with company policies, procedures, and prescribed internal controls.
Prepares reasonable and realistic financial estimates that may influence implementation of programs and strategies.
Performs post-program analysis to ensure that programs achieve their stated objectives, and providing analysis on the primary drivers.
Sr. Finance Analyst III – Route Accounting – South Philippines

October 2007–May 2010

Ensures implementation of updated Business processes for all process within area of Route Accounting responsibility, driving towards company best practices.
Leads, perform/oversee and interface with BASIS power users the periodic audits of Route Accounting processes to ensure (a) all Sales and revenue processes meet SOX standards (b) control mechanisms on systems implemented are complied with consistently and (c) satisfactory and timely disposition of region management commitments on audit findings.
Conducts study on existing route accounting systems and work with cross functional teams Sales/Finance/ Logistics/IT to develop solutions.
Initiates, drafts and recommends changes in existing business processes.
Conducts trainings, meetings and workshops related to settlement and inventory processes
Provides consultancy, advice and support to region management in translating to financial terms its plans and programs and in evaluating the results of operations.
Cosmos Bottling Corporation – HO (Subsidiary of Coca Cola Bottlers Phil. Inc.)

Finance Analyst –Auditor

January 2005 – April 2006

Conducts audit of bottling Plants, logistics and sales operations, among the areas covered are; audit of petty cash  and other revolving funds,cash receipts and sales settlement,warehouse management,inventories and accounts receivables.
Prepares guidelines and circulars for implementation within the Company.
Prepares and recommends guidelines based on the noted exceptions to further enhance the business processes and strengthen the internal controls.
Follows-up updates and prepare executive summary, actions taken by the auditee regarding the recommendations and audit findings noted including SMGA findings to monitor the progressive actions of the concerned personnel.
Review contracts (Hauling, Lease, MOA, Bottle Washing and Security Services) to determine if contracts are in accordance with the SMC’s Standards and have complied with all the requirements prior to endorsements for approval to General Manager.
University of Cebu – College of Commerce and Accountancy

College Instructor

June 1998 – October 2000

Handles Fundamentals of Accounting/Basic Accounting, Partnership and Corporation, Management and Finance subjects for non-accountants.
Helps in crafting the syllabus for Management and Finance subjects which still newly introduce subject in our department during that time.
EDUCATION

Bachelor of Science in Accountancy                                 Graduated, March 1997
University of Cebu, Cebu City
Sanciangco St. Cebu City, Philippines

§  Graduated with a High Distinction
§  Gotianuy Academic Scholar
TRAININGS AND SEMINARS
Presentation Skills Training                                                                –           August 2017
Competency Based Interview Training                                              –           March 2015
Presentation and Communication Skills Training                               –           February 7, 2011
International Financial Accounting Reporting Standards (IFRS)       –          August 2008
 

ACHIEVEMENTS
§  Instrumental in improving the Accounts Receivable Currency of Cebu from 64% to 100%

§  Helped in crafting and finalizing the OTC (Order To Cash) process and the SOX narratives.

§  Implemented central settlement, via bMobile Solutions, in Visayas and Mindanao region which are under my control as National Route Settlement Team Lead for VisMin.

§  Instrumental in the implementation of One Plant Code.

§  Wave 1 SAP Coke1 implementer for (OTC) Order To Cash work stream.

§  Successfully implemented the Check In/Out that automatically interface transactions from BASIS-SAP in all CCBPI locations.

OTHER PERSONAL DATA
Date of Birth    : April 13, 1976

Place of Birth  : Guiwanon, Bantayan, Cebu, Philippines

Civil Status      : Married

Religion           : Born Again Christian