Isaac Osorio, Managerial Accountant with + 15 years of solid experience: a) Budgeting planning, b) Financial Reporting, c) Risk Management, .............

About

+15 yrs of solid accounting experience

Experience

REMITLY

Jan 2018 – Feb 2022

Nicaragua

Senior Accountant

Coordinate and follow up all Accounting processes to assure the accounting records for accounts receivable, accounts payable, Inventories, leases agreements, Inter-company, payrolls, tax, recognition of fixed asset/depreciation, expense accruals Income and expense accounts, are properly posted according to local and US GAAP. Build annual and quarterly budget and forecasts in adherence to strategic pillar objectives, ensure budget adherence + research and analyse expense variance with proper justification. Execute Fraud Risk Assessment for key processes such as procurement, payroll and vendors’ payments to propose mitigating actions according to ISO 31000 approach and COSO framework. Issue Financial Statements (Cash Flow statement, Financial Position, P&L, functional expenses and managerial reports) + Providing timely, relevant and accurate financial information advice to Management Team and the Board to facilitate sound business decisions. Approve Month-end close: BSR and P&L recon with full application of SOX templates and documentation backup + Supervise staff accountant’s activities. Approve tax declarations of DMI (Income Tax, Value Added Tax and Withholding Taxes) and IMI municipal tax. Oversee and approve daily Review of Sales and COGS posting and reconciliation Prepare posting of revenue and COGS for assigned foreign subsidiaries and FX revenues. Maintain Internal Controls by defining operational policies & procedures. Identify operational process improvements and system enhancements and engage the necessary stakeholders for discussion to implement the change (methodology ISO 9001:2015 for continuous improvements) Participate in setting up company-wide strategic pillar: company organic growth, expense saving impact, product leadership, brand awareness with proper KPI and OKR setup ERP used: NetSuite + BOX for BSR documentation + Floqast / Adaptive for budget management

DURMAN INDUSTRIAL

Nov 2012 – Dec 2017

Nicaragua

Accounting Coordinator

Presentation of Financial Statements to Board of Directors and Top Management based on International Accounting Standards and US GAAP. Preparation of annual and quarterly forecasts for sales, COGS, Headcount, expenses and Capitalization requests. Preparation of budget variance reports and provide proper justification based on KPI metrics. Record revenue and COGS for material, labour and indirect for thread and plant production for assigned foreign subsidiary. (SV). Approve posting of accounting transactions entered into the ERP SAP such as bill, payment register, journals and material request for projects. Coordinate Cash Flow process (collection of A/R, payment of A/P, execute capitalization projects, approval of sales discounts, negotiate payment arrangements, legal collection of risky accounts). Oversee collection of Account receivables and define collection strategies. Oversee execution of Geotextile, Pump Water and Constructions projects + keep close control of expenses incurred and revenues generated. Meet Internal Control requirements and SOX control for key processes such as procurement, collection of A/R, vendors’ payment and payroll processing. Establish sales price by segment and type of customers. Tax filing: corporate income tax, VAT electronic filing, municipal taxes. Create and document Standard Operating Procedure (SOP) for continuous improvement on critical processes such as sales quotation/bidding, procurement, tax filing. ERP used: SAP + Microsoft team + Microsoft office.

INTERNATIONAL FORESTRY

Sep 2001 – Oct 2012

Nicaragua

Accounting Supervisor

Ensure all financial records and statements are in line with Generally Accepted Accounting Principles. Oversees the preparation of budgets and forecasts, covering P&L, balance sheet, payroll and headcount, capex, and taxes. Presentation of Financial statements to the general manager. Perform balance sheet reconciliations and analysis on specific general ledger accounts and creates journal entries as needed. Preparation and tax filing (Income tax, value added tax, withholdings) Payroll recording and posting. Recording of fixed asset purchases, (capitalizations), vendors’ bills and AP accrual at monthend. Collection of account receivable and propose doubtful account for reserve Recording of depreciation and amortization expenses Maintain schedules of prepayments/amortizations, fixed assets/depreciation. Prepare supporting documents as listed in PBC from the auditor. ERP: Exactus

Chevron Texaco

Jan 2010 – Dec 2010

Nicaragua

Accounting Supervisor

Oversee Accounting Operations which include revenue recognition, proper recording of collection receivables, vendors’ payment and expense accruals. Record Joint Venture Journal Entries with ESSO entity. Posting of Intercompany Journals Assist in Cash flow process (AR collection, Gas vendors’ payment, bid for best fx rates for payment) Oversee tax filing for corporate income tax, VAT tax and municipal tax on DGI VET. Prepare BS and P&L reconciliation at month-end with proper SOX internal control. Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations Contribute to the merger process to transfer assets and liabilities to RUBIS

ICS Consultant Firm

May 2009 – Jan 2010

Nicaragua

Tax Consultant and Accountant

Tax services to local companies such as (Nature Conservancy, Stendhal, ANF, Alkemy de Nicaragua) on Income tax, VAT, municipal tax pre-filing review Corporate Income Tax planning services. Outsourcing services such as booking, payroll and tax filing. Audit Services: Diagnosis of Internal Control according to COSO and Sarbanes Oxley Section 404 (Company: DATASCENSION CR). Legal Services: Incorporation of new entities before Public Registry, work permits, temporary regime exoneration for foreign machinery, labour cases, etc. Drafting commercial and management contracts Implementing corporate due diligence and continuous improvement practices

Thread American and Efird

Aug 2003 – May 2009

Nicaragua

Accounting Manager

Prepare Financial Statements based on US GAAP and present to Top Management. Build annual budget for Sales, COGS and expenses + engage with departments’ heads to discuss materiality and business strategies. Manage accounting functions to include AP, AR, budgets, cash flow, cost management, credit and collections, financial analysis, financial reporting and record keeping, general ledger, investments, payroll, and taxes. Analyse COGS variance reports and provide gross margin documentation, document inventory adjustments, assist with cost simulation and updates. Approve capitalization journals and depreciation. Analysis of AR Aging, collection, approval of new accounts setups, review customer’s compliance with our credit policy, payment arrangements and write-offs. Analyse and reconcile general ledger accounts, with an accurate and appropriate supporting schedule produced by ERP system or with another type of supporting documentation. Assist internal and/or external auditors with periodic auditing or the organization's financial records and statements. Manage inter-company billings

Ave Maria College of the Americas

Jun 2001 – Aug 2003

Nicaragua

Staff/Senior Accountant

Preparation of Journal Entries based on fund accounting. Assist in preparation of Financial Statements (Balance Sheet, P&L, Cash Flow and Notes) Coordinate action plans for collection of accounts receivable (students’ international loans). Approve vendor’s payments and purchases, prices statistics Accounting of special pledges, loans and donations under US GAAP/Restricted and Unrestricted funds. Post JE´s amortisation and depreciation to GL Approve bank reconciliations Approve HR payroll and labour tax withholdings Tax Filing preparation, vendors’ and employees’ income tax withholdings, IVA reimbursements claim, municipal tax filing. ERP: In-housed ERP system

Education

G-CERTI Argentina

Jan 2022 – Dec 2022

Post graduate, ISO 31000 Risk Management

UNAN University

Jan 2005 – Dec 2009

Bachelor´s Degree , Corporate Law

UNAN University

Jan 1998 – Dec 2002

Bachelor´s Degree , Accounting and Finance

Isaac Osorio

Managerial Accountant with + 15 years of solid experience: a) Budgeting planning, b) Financial Reporting, c) Risk Management, .............

Skills

Languages