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Joseph Velasco

Joseph Velasco

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JOSEPH S. VELASCO, CPA, CMA Results-driven and highly motivated certified public accountant with 19 years extensive experience in finance, audit and accounting from diverse industries including professional services, business process outsourcing (BPO), shipping, construction, supply chain, air logistics, air cargo handling, freight forwarding, real estate, trading and manufacturing.

Areas of competencies include:

  • Financial Analysis & Reporting
  • Month-End Closing
  • Controllership & Decision Support
  • Budgeting & Forecasting
  • Financial Modelling
  • Accounting & Financial Management
  • Contract Negotiation  & Management
  • External Auditing
  • Process Improvement


Work Experience

Dec 2018 - Mar 2020
BIACC (Brunei International Air Cargo Centre) Financial Controller
  • Reports to the Head of Department – Finance and Administration as well as to the Managing Director and to the Board of Directors when required.
  • Manages the day-to-day financial operations of the company in compliance with the company’s policies and procedures, international financial reporting standards (IFRS) and government regulations.
  • Ensures timely and accurate and month-end close.
  • Reviews monthly, quarterly and annual reports to measure performance against budget, and identify trends and financial forecasts.
  • Supervises and manages financial department staff, including finance officers and finance assistants.
  • Suggests updates and recommend improvements for accounting systems and procedures.
  • Collaborates with the external auditors to ensure proper compliance with all regulations.
  • Presents periodical reports to senior executives, stakeholders, and board members
  • Coordinates and directs the preparation of the company’s annual and departmental budgets.

Feb 2015 - Dec 2018
BIACC (Brunei International Air Cargo Centre) Management Accounting Manager
  • Oversees the company’s subsidiaries and investments.
  • Provides advice to the management about the financial implications of business decisions to aid growth and profitability.
  • Assists in managerial planning and commercial decision-making tasks by providing appropriate financial information and undertakes related accounts administration.
  • Provides support service by working with all departments and the management team to help make financial decisions.
  • Analyze financial performance and contribute to medium and long-term business planning/forecasts.
  • Provides support on major contracts/projects negotiation.

Feb 2013 - Mar 2014
DHL Exel Supply Chain Phils. Inc. Finance Manager - Management Reporting
  • Managed and led annual budget preparations for DHL Supply Chain and its customers for each activity (Warehousing, Transport and Value-Added Activities).  Approximately 150 sets of P&L and Balance Sheet using Planning and Analysis Tool (PLATO).
  • Ensured timely and reasonable monthly financial forecasts.
  • Ensured timely and accurate monthly management reports
  • Conducted financial analysis.
  • Liaised with other function managers to put the finances and accounts in context.
  • Identified and Implemented finance process improvements.
  • Significantly improved the efficiency of month-end closing activities as an Interim Corporate Finance Manager for 3 months.
  • Assisted the CFO in other initiatives/reports that were required from time to time.

Jul 2010 - Nov 2012
Xerox Business Services Philippines Division Controller
  • The primary point of contact for accounting support for the Motor Vehicle Services (MVS) and Commercial Vehicle Operations (CVO).
  • Oversaw the accounting operations for assigned projects (MVS and CVO).
  • Ensured completeness and accuracy of the general ledger accounts by reviewing and posting the monthly journal entries.
  • Proposed strategy and designed workflow that resulted in a more efficient and effective month-end closing.
  • Managed and reviewed accounts reconciliation and ensured that the reconciling items are properly accounted for in the general ledger.
  • Conducted analysis of business operations and opportunities, and prepares financial reports.
  • Managed and responded to Internal and External audit requirements.
  • Reviewed and documented contracts for each existing project and determine appropriate accounting policy and procedure that applies to them.
  • Reviewed and approved invoices to the customer.
  • Participated in pricing reviews.

Apr 2006 - Apr 2010
Overseas Engineering & Construction Co. Ltd. (OECC) Accountant
  • Prepared fortnightly payroll for the 200-300 construction laborers (depending on the size of the assigned project) and the monthly payroll of all the expatriates including the arrangement of the international remittance via telegraphic transfer.
  • Initiated the electronic payment of salary that was originally done manually that considerably reduced the amount of work and risk of the company.
  • Processed all approved invoices and PO, prepared checks and issued payments.
  • Managed and monitored cash flows and ensured sufficient funds were available through fund transfer request (FTR) from the head office in Panama or regional office in Taiwan. 
  • Recorded all accounting transactions in Peachtree including accruals, deferrals, depreciation and amortization.
  • Prepared monthly financial reports together with its analysis to the CFO in the head office in Panama.
  • Liaised with auditors, bankers, tax and governmental agencies.

Sep 2001 – Mar 2006
Overseas Freighters & Shipping Co., Inc. Chief Accountant
  • Reviewed and verified all accounting transactions including but not limited to check vouchers, debit/credit memos, statement of account, payroll and expense liquidation reports.
  • Efficiently managed month-end accounting activities (reviewed bank reconciliation, P&L, Balance Sheet and I/C accounts reconciliations and journal entries).
  • Performed financial reports and analysis to comptroller and management on a monthly basis.
  • Managed the annual budget preparation.
  • Effectively implemented the financial reporting package required by the principal (ZIM).
  • Initiated expense management activities.
  • Significantly improved accounts payable/receivable operations by developing and implementing proactive workflow procedures.
  • Assisted in auditing activities by providing necessary information and preparing requested documentations.
  • Performed such other duties and responsibilities as may be assigned by the Corporate Officers.

Feb 2000 - Sep 2001
Sycip Gorres Velayo & Co. (SGV & Co.) (Member practice of Ernst & Young) Audit Associate
  • Assisted in the engagement administration including audit programs and engagement letters.
  • Reviewed and evaluated internal accounting control for the purpose of determining the extent of reliance on the client’s accounting system and recommends improvements thereto.
  • Effectively documented audit works.
  • Identified and communicated engagement issues as well as engagement progress in a timely and organized manner.
  • Assisted in the preparation of audited financial statements, footnote disclosures, and management letter comments.
  • Prepared income tax returns.

Summary of Skills

Financial Analysis & Reporting / Month-End Closing / Controllership & Decision Support / Budgeting & Forecasting / Financial Modelling / Accounting & Financial Management / Contract Negotiation  & Management / External Auditing / Process Improvement
Technical Skills: Proficient in Microsoft Office (Excel, Word, PowerPoint, Outlook) Experienced in ERP system and accounting software: SAP, Microsoft Dynamics NAV, Oracle applications 11i, JD Edwards Enterprise One, Microsoft Dynamics GP, Peachtree and MYOB

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Summary of skills