Jessie Chua

Jessie is a highly experienced Certified Public Accountant (CPA) with over 15 years of professional experience in the audit and accounting industries. Possesses 6 years of Big 4 external audit experience, a year in internal audit and 9 years as a Group Controller – Senior Accounting Officer.

His Big 4 Audit experience includes stints in Deloitte Touche Tohmatsu Philippines for over 3.75 years and Ernst & Young Jeddah, Saudi Arabia for over 2.2 Years – both in Senior Auditor capacity.

He further served as an Internal Audit Officer (Junior Assistant Manager level) in one of the major Independent Energy Companies in the Philippines for almost a year.

Since April 2014 to present, he is employed as a Group Controller – Senior Accounting Officer in MAZ Group, a leading Aviation Consultancy and Investment Group in Riyadh, Saudi Arabia.

Work Experience

Group Controller – Senior Accounting Officer                           Apr 2014 – Present

MAZ GROUP                                                                                                        Riyadh, Saudi Arabia

Immediate Superior – Chief Financial Officer (CFO)

Key Qualifications & Responsibilities

• Manages the accounting and finance functions for a Group of Companies with annual revenues exceeding SAR 100 million.
• Leads the financial reporting process for multiple business units, including monthly close, consolidated financial statements, and analysis of results.
• Review financial statements, supporting account schedules and reconciliations according to the monthly and annual closing schedule.
• Analyze revenues and expenses to ensure that they are appropriately recorded, investigate and report on variances.
• Handle and coordinate with external financial and tax auditors of the Group.
• Review monthly/quarterly VAT and WHT calculations of the Group.
• Review the monthly payroll and GOSI calculations for the Group.
• Review documentations and facilitate the implementation and monitoring of internal controls. 
• Facilitate the preparation of the Group annual budgets and cashflow forecasts; and
• Lead and mentor a team of accounting professionals to deliver accurate and timely financial information.

Key Achievements

Developed and implemented the accounting and financial reporting system of the Group upon my date of joining, thereby resulting to a monthly cost savings of at least USD 5,000 from outsourced services.

 Senior Auditor – Audit and Assurance                                           Dec 2011 - Feb 2014

ERNST & YOUNG                                                                                           Jeddah, Saudi Arabia

Immediate Superior – Audit Manager

Key Qualifications & Responsibilities

• Conducted financial statement audits for clients in various industries, including Insurance, Flight Catering, Shipping & Logistics, Distributors/ Trading/ FMCGs, Restaurants and Facilities Management.
• Led audit teams of up to 5 staff members and reviewed their work for accuracy and completeness.
• Prepared audit plans and budgets and communicated with clients to obtain necessary information.
• Identified and communicated audit issues to clients and provided recommendations for improvement.
• Prepared financial statements and audit reports in accordance with SOCPA and IFRS.

Key Assignments and Achievements

• Led a Pioneer Team in conducting Insurance Portfolio transfer engagements – as required by Saudi Arabian Monetary Agency for the transfer of business portfolio from companies incorporated outside Saudi Arabia to the newly organized local insurance companies.
• Led a Pioneer Team in conducting Benchmarking engagements – as measure of performance operations of the insurance companies compared to global peers. 
• Annual statutory audit of financial statements including review of internal controls.
• Quarterly review of financial statements.
• Consolidation of Group financial statements
• Agreed upon procedures.

Internal Audit Officer – Junior Assistant Manager               Jul 2011 – Dec 2011

GLOBAL BUSINESS POWER CORPORATION                      Makati City, Philippines

Immediate Superior – Internal Audit Manager

Key Qualifications & Responsibilities

• Conducted financial and operational audits to identify control weaknesses and operational inefficiencies.
• Developed audit plans and strategies to ensure compliance with regulatory requirements, company policies, and accounting standards.
• Conducted risk assessments and identified potential areas of risk for the organization.
• Provided recommendations to management for improving internal controls and processes.
• Prepare audit reports and presented findings to management. 

Key Achievements

Identified potential documentary stamp tax exposure of USD 78,200 (PhP3.9 million) on Inter-Company Advances based on Philippine Supreme Court Ruling - GR 163653 and 167689 (BIR Commissioner vs. Filinvest Corporation). Elevated the issue to the Management which ultimately decided that the Group will limit Cash Advances to or from related parties to avoid future DST charges and possible BIR assessments.

Senior Auditor – Audit and Assurance                                           Nov 2007 – Jul 2011

DELOITTE TOUCHE TOHMATSU                                                Makati City, Philippines

Immediate Superior – Audit Manager

Key Qualifications & Responsibilities

• Conducted financial statement audits for clients in various industries, including Manufacturing, Consumer Business, Media & Telecommunications, Pharmaceuticals & Healthcare, Business Process Outsource, Financial Services & SPVs, Shipyards, Logistics, Retail, Non-Profit Organizations, and Services. 
• Led audit teams of up to 8 staff members and reviewed their work for accuracy and completeness.
• Prepared audit plans and budgets and communicated with clients to obtain necessary information.
• Identified and communicated audit issues to clients and provided recommendations for improvement.
• Prepared financial statements and audit reports in accordance with Philippine Financial Reporting Standards (PFRS).

Bachelor of Science in Accountancy

Saint Mary’s University

April 2007

Bayombong, Nueva Vizcaya

Philippines