ANA MARIE C. LIGTAS
Certified Public Accountant
Brgy. 23 San Matias, Laoag City
Summary
Accomplished accountant with 14 years of working experience specializing in financial services and private equity fund administration. Adept at serving a diverse clientele, with exceptional attention to details, strong analytical and organizational abilities. Demonstrates effective people management capabilities and a deep understanding of industry best practices.
Overview
15
15
years of professional experience
14
14
years of post-secondary education
Work History
Assistant Manager, Fund Services
Quaerito Qualitas, Inc (Vistra Canada)
5 2023 - Current
- Acts as the day-to-day point of contact for all accounting and fund administration concerns of handled clients and assists in building/maintaining client relationships.
- Reviews/ prepares accounting reports for a portfolio of Private Equity and Closed Ended Funds, which includes management accounts, consolidation workings, bank account reconciliations, investment schedules, accrual and billing summaries, financial statements, partner statements and other reporting requirements, as applicable.
- Reviews/ prepares complex calculations such as waterfall and equalization/subsequent closing workings.
- Reviews/ prepares capital call and distribution allocation workings and notices.
- Prepares quarterly reporting timetables of clients handled and disseminates workflows to other team members.
- Monitors completion of client deliverables and facilitates weekly status call with client during reporting peak season.
- Caters to audit requests sent by auditor as well as client inquiries and other ad hoc requests.
- Reviews and understands fund documents such as partnership agreements, operating agreements and subscription agreements and assists in interpreting key terms to other team members.
- Provide guidance to junior fund accountants on accounting and private equity matters and assists them with administrative or technical problems.
Associate Director, Fund Administration
HC Global Resource (Asia), Inc.
12.2021 - 04.2023
- Acts as client service manager on all funds handled which includes day-to-day coordination with client and facilitates coordination on new fund launches, including reviewing the initial set-up of funds on all accounting and client management systems.
- Performs second or final review of monthly/quarterly financial Net Asset Value packages for delivery to clients/investors, including monthly income statements and balance sheets, capital statements, financial and ownership ratios of investors, etc.
- Performs review of ad hoc requests such as management fee and capital call/distribution calculations.
- Analyzes and resolves various accounting and reporting issues identified during month-end processes.
- Performs high-level review of draft financial statements and coordinates the year-end audit process with the auditors on behalf of the clients.
- Monitors coordination of the fund administration team with tax personnel for funds or clients that are also being handled by the tax group of HC Global in terms of completeness of book allocation files and supporting documentations.
- Acts as the point person for client's limited partners and shareholders requesting assistance on capital account information, subscription and redemption procedures, audit confirmations, in coordination with the client's investor relations personnel.
- Manages client's expectations and ensures timeliness and quality of deliverables.
- Reviews monthly billings for the clients assigned and ensures that all completed jobs are properly billed.
- Identifies any out-of-scope work from the regular engagements and ensures proper billing.
- Acts as team leader prepares staff work schedules for each fund assignments; manages team conflicts, staff attendance, and behavioral issues; comes up with appropriate disciplinary actions and provides staff performance evaluation.
- Works with Human Resources to recruit, interview, and hire qualified candidates.
Assistant Manager, Fund Services
Vistra Corporate Services (Malaysia) Sdn. Bhd.
01.2021 - 12.2021
- Reviews management accounts prepared by junior/ senior associates including the bank reconciliations, financial statements, capital account statements and net asset values.
- Reviews consolidation workings and accounting packages.
- Reviews capital call and distribution notices as well waterfall and equalization workings as prepared by junior/senior associates.
- Reviews and understands fund documents like subscription agreements, partnership agreements, and shareholder agreements for existing/new clients and explain key terms to team members.
- Coordinates and deals with client on meeting investors and fund's specific reporting requirements.
- Acts as 'Client Relationship Manager' and main escalation point of contact.
- Reviews and/or responds to investor queries and requests.
- Involved in new client onboarding, including understanding legal documents, and supervising the data migration process for existing Fund take on.
- Monitors billing on services rendered to clients handled and review fund administration invoices before sending to client.
- Assesses / plans the volume / level of work against timelines and disseminates workflows to other team members.
- Deals with staff issues (e.g. Leaves, sickness and others) daily.
- Conducts coaching and formal staff evaluations on a semi-annual and annual basis.
- Provides formal/informal training to staff on both accounting and private equity/industry aspects.
- Undertakes general administration and other special projects as assigned by the Director/MD.
Client Services Senior Accountant
IQ-EQ (Philippines), Inc.
11.2015 - 01.2021
- Reviews monthly/quarterly deliverables in relation to providing fund administration services to Private Equity clients which includes Management Account Reports (working papers), Financial Statements and Partner NAV/ Capital Statements with related proof.
- Reviews complex Private Equity Fund calculations as required (e.g. Equalizations, Drawdown/ Distribution calculations) and various adhoc tasks which includes Drawdown/ Distribution notices, Partner Transfers, contact changes and investor queries.
- Oversees and reviews the preparation of various compliance reporting which includes FATCA and CRS.
- Monitors and reviews monthly cash postings done by staff and accompanying bank reconciliation.
- Acts as the 'Subject Matter Expert' on designated clients including understanding of their LPA, SLA, Fee Agreement and any technical nuances.
- Manages the team and its deliverables which includes the review of timetable for quarterly reporting and ensuring team is delivering client requirements on time.
- Ensures all procedures, checklists and SSAE18 requirements are followed and complied by all team members.
- Reviews and approves timesheet of staff for total hours worked and overtime rendered.
- Performs regular one-to-one or coaching session with staff and performance evaluation.
Business Process Specialization Analyst (General Ledger Senior Accountant)
Accenture Inc. (F&A Services- BPO)
10.2011 - 10.2015
- Performs transaction processing requests such as posting of (FI) journal entries, shipping run accruals (CO), transfer postings from one file to the other, setting up and running recurring entries and reversal of accruals.
- Assists in period-end closing activities which includes the preparation of period-end schedule report, monitoring of transit accounts, preparation of routine accruals and running of FX revaluation.
- Prepares the reconciliation of various Balance Sheet accounts after period close which includes checking of open items for clearing.
- Assists in resolving errors of postings stuck in the system's interface batches.
- Performs vendor account management which includes the preparation of monthly and bi-monthly reconciliation of vendor's Statement of Accounts versus client's records; coordinating with AP team and client's Finance and Operations group any discrepancy or action item required that were identified on the reconciliation; assisting in the resolution of disputes regarding vendor invoices; conducting conference call meetings with vendors whenever necessary and cleaning up various vendor accounts on client's books by looking into items to be proposed for deletion.
- Assists in monitoring team's performance and compliance vis a vis established metrics and Service Level Agreements (SLA).
- Acts as Point of Contact for North America region's GL processes and is a key participant on monthly post- closing calls with client.
Payroll and Billing Assistant
LBP Service Corporation
11.2010 - 10.2011
- Prepares the Regular and Special Payroll of contractual employees assigned to various clients.
- Prepares Statement of Accounts billed to clients for services rendered by contractual employees.
- Maintains Account Receivable Schedules of clients handled.
- Coordinates with clients via phone queries in reconciling A/R due from them.
Bookkeeper
LBPSC Security Corporation (DISSOLVED)
01.2010 - 10.2010
- Prepares the monthly interim Financial Statements (Balance Sheet, Income Statement, including Bank Reconciliation Schedule).
- Maintains Cash Disbursement Book, Sales Book, General Journal and Subsidiary Ledgers.
- Prepares Payment Order for Cash Disbursement transactions.
- Handles Petty Cash transactions (Petty Cash Custodian).
- Prepares the Regular Payroll of Security Guards assigned to various clients and the Billing Statements for services rendered.
- Prepares the Regular Payroll of in-house employees.
- Assists in the collection of Accounts Receivables to various clients.
Education
Bachelor of Science in Accountancy -
Mariano Marcos State University
Batac, Ilocos Norte, Philippines 06.2005 - 05.2009
High School -
Mariano Marcos State University Laboratory High School - Laoag
06.2001 - 05.2005
Elementary -
Cabeza Elementary School
06.1995 - 05.2001
Skills
- Fundamental knowledge in general accounting and strong background in fund accounting and administration
- May 2011 Philippine CPA Board Examination passer
- Exposure and knowledge of financial reporting in accordance with IFRS and US GAAP
- Experience in SAP accounting system
- Strong working knowledge in Investran, SunGard DX, Intralinks, RS Package and Netsuite
- Advanced Proficiency in Microsoft Office applications (Word, Excel, PowerPoint)
- People Management and Coaching skills
- Time Management and Organizational skills
- Good oral and written communication skills (English)
References
Available upon request
Timeline
Associate Director, Fund Administration
HC Global Resource (Asia), Inc.
12.2021 - 04.2023
Assistant Manager, Fund Services
Vistra Corporate Services (Malaysia) Sdn. Bhd.
01.2021 - 12.2021
Client Services Senior Accountant
IQ-EQ (Philippines), Inc.
11.2015 - 01.2021
Business Process Specialization Analyst (General Ledger Senior Accountant)
Accenture Inc. (F&A Services- BPO)
10.2011 - 10.2015
Payroll and Billing Assistant
LBP Service Corporation
11.2010 - 10.2011
Bookkeeper
LBPSC Security Corporation (DISSOLVED)
01.2010 - 10.2010
Bachelor of Science in Accountancy -
Mariano Marcos State University
06.2005 - 05.2009
High School -
Mariano Marcos State University Laboratory High School - Laoag
06.2001 - 05.2005
Elementary -
Cabeza Elementary School
06.1995 - 05.2001
Assistant Manager, Fund Services
Quaerito Qualitas, Inc (Vistra Canada)
5 2023 - Current
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