Lorena Nolasco Email & Phone Number

Lae, Papua New Guinea

Papua New Guinea

Papua New Guinea

• Maintains financial health of seven income generating Companies and 3 income distribution Companies;• Evaluates all business proposals, participates in business development planning and monitors all on-going projects;• Monitors compliance of ten Companies in all government and regulatory requirements;• Prepares all reporting requirements of ten Companies (BOD, management, government, regulatory bodies and other clients and stakeholders)

Lae City, Papua New Guinea

• Provide financial reports and interpret financial information to Managers and Supervisors while recommending further courses of action;• Advise investment and funding activities and provide strategies that the company should take. Prepares all the documentary requirements for funding request or availment of loan from financial institutions;• Maintains the financial health of the Company. Handles Treasury functions and manages the cash flow;• Analyze costs, pricing, variable contributions, sales results and the company’s actual performance compared to the business plans;• Develop trends and projections for the firm’s finances;• Conduct reviews and evaluations for cost-reduction opportunities;• Assists Department Heads for the budget preparation, prepares consolidated budget for the company and present the consolidated budget to Top Management for approval;• Monitors the day-to-day financial operations of the company;• Prepares BOD’s report, financial statements and other government required reports;• Manages the Finance Department, oversees financial department employees including Procurement and Internal Audit;• Coordinates with External Auditors and other regulatory bodies and facilitates the preparation of all reports and analysis required from time to time;• Prepares and interprets financial data to assist the BODs in decision making and setting company’s directive;

Lae City, Papua New Guinea

• Reviewed all financial reports, both internal (BOD and Plant Management) (i.e. Trial Balance, General Ledger Balances and Subsidiary Ledgers) and external reports (government and external auditor) (i.e. Tax Remittances and Balance Sheet);• Reviewed of all financial and non-financial documents and transactions (i.e. collections, inventory adjustments, Journal Vouchers, petty cash replenishments, cash advances and liquidations);• Conducted pre-audit of all disbursement and purchases;• Prepared the department’s plan and budget;• Participated in the review of policies, budgets and procedures prior to approval and implementation;• Prepared the work program for the operations and compliance audit of all departments to policies, QMS, government regulations and International Standards such as BRC and IFS;• Conducted and participates investigations to malpractices and reported fraud and facilitates admin hearing if the case involves managerial level;• Conducted special audits requested by Top Management as part of improvement of business processes and to probe dishonesty cases and serious violations of policies and as a results of regular audits;

Pasig City, Philippines

• Prepared the work program for the operations audit and QMS Audit (Compliance Audit);• Monitored activities of audit personnel and validates audit findings and recommendations submitted by Senior Auditor and Junior Auditors;• Supervised and review the performance of monthly summary report on noted non-conformances, observations, and recommendations and communicates those to top management;• Prepared the quarterly inventory report analysis to top management highlighting the losses and damages for the period;• Analyzed the movement of inventory and recommends enhancement in the inventory management;• Prepared the audit plan and budget;• Reported audit findings and recommendations to Top Management;

 Assist in preparation of the annual audit plans, timetables and expense budgets. Establish the audit plans and programs for each audit which shall serve as guides for administration of assignment and the review of the adequacy of financial and administrative controls Delegate, coordinate and review the work of assigned staff on field work engagements. Supervise the audit engagements from planning to field work completion and see to it that the work is completed within a reasonable time. Discuss findings and recommendations with the auditees as audit progresses and review/draft the audit report for discussion with auditees. Assist auditees in devising and revising procedures to facilitate implementation of recommendations. Handle sensitive/complex assignments that cannot be delegated to assistants. Appraise the performance of subordinates and provide guidance and motivation to staff. Plan and control the expenses pertaining to the engagement. Impacts the organization by influencing corporate policies and procedures based on audit recommendations. Identifies potential loss exposures, income opportunities or cost savings on the plant BU or activities audited.

 Perform the required audit procedures as set forth in the audit programs. Prepare the necessary work papers and schedules to document and support the examination. Complete the assignment within the time considered reasonable for a particular task. Discuss findings and recommendations with the auditees as audit progresses. Draft the audit report for review of the Audit Supervisor / Senior Auditor and discussion with auditees. Assist in devising and revising procedures to facilitate implementation of recommendations. Impacts the organization by influencing corporate policies and procedures based on audit recommendations. Identifies potential loss exposures, income opportunities or cost savings on the BUs or activities audited. Assigns to conduct special or fraud audit from time to time

Assigned to conduct Operations audit (Satellite Offices) Evaluate the loan disbursement flow and documentation if it is in accordance with the established policy and guidelines. Evaluate the implementation of the internal control in conducting, recording and documenting collections. Conducts cash count (e.g. Petty Cash Fund, Cash in Vault and Revolving Fund) Conducts center visits to confirm clients’ loan accounts and savingsAssigned to conduct Department Audit Ascertain if the company’s policy, procedures and standards are implemented in the department. Check the compliance of the department to the appropriate standards set by the government agencies. Pre-audit of disbursement.Assigned to conduct compliance audit Monitor the implementation of the compliance program of the bank. Check the reports submitted to the different supervising agency particularly to BSP. Give updates to the Management regarding the new regulations or standards affecting the bank.

Bachelor Of Science (B.S.), Accountancy

Secondary Education