Rhea Luz Ibales Financial Analyst

Singapore CV-Rhea-Ibales-2018.docx
budgetingcost controllingfinancial analysisforecastingIBM Blueworksmanagement reportingMicrosoft Office incl Essbaseprocess documentationProcess ImprovementSAP ERPvariance analysis

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20 Lorong Puntong, Singapore 576438 | (+65) 91411791 |

Licensed Accountant with over 7 years of experience in multinational companies, competent in finance analysis, cost control, budgeting and forecasting, management reporting and business partnering. Strong data management, analysis and presentation skills, with a process improvement mindset. Proficient in Microsoft Office including Essbase, and conversant with database applications like SAP BO & ERP ECC (R/3), BCS, GGLRep+.

PROFESSIONAL EXPERIENCE & ACCOMPLISHMENTS___________________________________________

DEUTSCHE BANK GROUP (Group Finance, Philippines)
Senior Finance Associate, Accounting Close September 2016 to July 2018
• Led 3 HCs in performing financial analysis and reporting for GTO and Chairman businesses with a total of EUR 70MM+ of direct cost base, including trend and variance analysis, preparing and submitting manual accruals and adjustments, and providing onshore finance directors P&L reports with commentaries on review findings during month-end close
• Liaised with P2P (Procure to Pay) Reporting team on accounting issues with period closing, collections and payments as derived from monthly expense analysis
• Reviewed and certified various balance sheet accounts including fixed assets and payables, reconciling balances with the substantive evidences provided and formulating and enforcing actions on unsubstantiated balances especially on high-risk accounts
• Performed ad-hoc analysis and reporting to support other business requirements i.e. SOX control, audit
• Directed the month-end global forecast (flash) process for Total Infrastructure and coordinated with legal entity controllers to ensure timely and accurate upload of direct costs into GGLCAR
 Designed and implemented an analytical tool to ensure accurate and timely month-end data uploads from 300+ legal entities of the bank in 2018 and reduce error risk in the global flash process
• Led 2 HCs in providing quality assurance on the forecast process inputs and results by performing reconciliation checks and securing signoff on balances from legal entity controllers and business heads
• Conducted process reviews to identify improvement opportunities. Developed and implemented various productivity and process improvement projects
 Recertified and migrated 200+ SOPs of the Cost Close department to the new Deutsche Bank Policy Portal during the 2017 annual recertification exercise
 Designed and implemented KPI working template for the Cost Analytics team

CITIGROUP INC. (Finance & Risk Operations, Philippines)

Financial Analyst II, Strategy & Execution January 2015 to September 2016
• Acted as main point of contact for the financial control USD 40MM++ direct costs for Finance Risk & Operations (FRO), ensuring that actual costs are aligned to budget, identifying cost saving opportunities and budget risks based on trend, and coordinating with FP&A partners for global reporting
• Performed budgeting and forecasting for FRO direct costs and provided inputs for monthly FP&A reporting
• Managed the tracking, reconciliation and reporting of headcount cost involving 800+ FTEs for FRO, including analysis and maintenance of related activity-based billing of costs to service recipients
 Created a monitoring file to manage costs of temporary staff and control compensation costs for FRO
• Facilitated incoming process/headcount migrations for select APAC countries
• Produced management dashboards and metrics for the centre’s operational efficiency initiatives and drafted communications for people engagement activities
 Identified workload peaks and valleys for 800+ FTEs in 2015 and created the monthly APT metrics working template for management’s cost saving initiative via workload balancing
Financial Analyst II, Management Reporting & FP&A January 2013 to December 2014
• Controlled Incentive Compensation (IComp) accounts for APAC by performing review and analysis of actual costs versus plan or budget, investigating and highlighting material variances, submitting adjustments, and preparing the annual budget/plan and quarterly restatements or functional transfers
 Arranged go-to process for the changes implemented in 2014 to reconcile Incentive Compensation on a business-level involving all major businesses in APAC, reducing cost codes used by 30%
• Ensured the accuracy and completeness of Intercompany Mark-Up for all of APAC legal entities by reviewing, reconciling and validating entries, investigating and highlighting variances and resolving uncleared breaks
 Decreased 70% of uncleared breaks in intercompany mark-ups at 2013 year-end
• Acted as Deputy Lead to 3 HCs for the validation and review of financial data mapping and handoff, involving thorough analysis and investigation to determine causes of incorrect mapping and handoff

Financial Analyst I, Management Reporting & FP&A September 2011 to December 2012
• Partnered with business in managing O&T Allocations by preparing database reports comparing actual versus plan or budget, performing data quality checks between systems during plan cycle, and producing ad-hoc reports and analysis as required by business stakeholders
• Handled end-to-end processing of local cost code creation and maintenance for all APAC countries
 Contributed 2,500 annual hour saves in 2013 by leading and implementing the global process standardization project for GOC (local cost code) request and maintenance
• Participated in various process improvement projects, stretch assignments, management initiatives, and people engagement activities
 Generated over Php200K of funds for the department’s annual employee engagement activities by co-organizing a departmental event in 2012


General Accountant July 2010 to August 2011
• Acted as a one-man accounting team, in-charge of the end-to-end accounting process that includes journal preparation, preparing and signing vouchers for cash disbursements, preparing monthly expense and liquidation reports and financial statements
 Set-up and implemented Quickbooks accounting software for the company’s bookkeeping process
• Administered payroll for 20 FTEs by performing salary computations, remittance of government-mandated benefits (i.e. SSS), and recording of the same in the accounting system
• Gathered, organized and maintained substantive evidences for the operational expenses and ensured completeness and validity upon presentation to onshore audit

MAJOR TRAININGS ATTENDED_______________________________________________________________
• Participant, Think On Your Feet 2017
• Graduate Participant, Harvard Manage Mentor Program 2014 – 2015
• Graduate Participant, O&T Excellerate Program (Managing at Citi) 2015
• Citi Lean Apprentice, Yellow Lean Certification Training for Process Improvement 2014

EDUCATIONAL BACKGROUND_______________________________________________________________
Bachelor of Science in Accountancy, Cum Laude PESFA Scholar