JEF LACSON

Overseeing finance functions of the group operations in PH, TH, VN, IN, HK, SA, and BVI (10 legal entities)

KEY INITIATIVE(S): Establishing the regional governance functions in Finance and Enterprise Risk Management, including developing strategic plans.

IFRS PROGRAM EXECUTIVE (Asia Pacific) - Concurrent (Mar  2021 - Present)

Leading the group’s transition to the new standards, including impact assessment, accounting position, vendor selection, target operating model, and system implementation.

MEMBER, BOARD OF DIRECTORS (Philippines) - Cc (Mar  2021 - Apr 2022)

Member of the Board Committees - Executive, Investment, Related Party Transaction and Corporate Governance.

KEY ACCOMPLISHMENT(S): Established Board governance and meeting protocol

SENIOR VICE PRESIDENT & CHIEF FINANCIAL OFFICER (Philippines) - Concurrent (Jan 2021 - Feb 2022)

KEY INITIATIVE(S): Sponsoring almost 60 projects that already resulted in USD15.0M accounting correction, 20% increase in investible funds, identification of USD2.0M one-time expense savings, and USD0.3M annual recurring savings, decrease in reconciliation backlogs, and stabilization of financial operations after a significant fraud incident.

OTHER CONCURRENT ROLES & KEY ACCOMPLISHMENTS

• CHIEF RISK OFFICER and CHAIRMAN - RISK MANAGEMENT STEERING COMMITTEE (Mar  2021 - Apr 2022) - Reestablished enterprise risk management framework and activities
• CHAIRMAN - FRAUD MANAGEMENT / EVALUATION COMMITTEE - (Mar  2021 - Feb 2022) - Reestablished governance process and managing reported incident’s investigation
• CHIEF COMPLIANCE OFFICER - Interim (May - Jul  2021) - Established and implemented governance framework
• CHIEF EXECUTIVE OFFICER - Interim (Jul  - Aug 2021)

Established and controlled the financial systems and administrative services of the company, and provided financial information to local management, Board of Directors and Regional Management.

KEY ACCOMPLISHMENT(S): Led the cleanup, reorganization and improvement in the financial operations of the Company. 

CHIEF REGULATORY COMPLIANCE OFFICER - Concurrent (Mar 2017 - Feb 2018): Overseen regulatory compliance requirements of the organization, including representation and coordination to regulators.

Overseen the administrative, financial, and risk management operations of the company, including monitoring of Management & Technical Accounting and management of Treasury and Office Services.

VP & HEAD OF TREASURY - Concurrent (Jul to Dec 2016) - Provided overall direction and guidance to the treasury functions / team.

KEY ACCOMPLISHMENT(S): Sponsored almost 20 projects that resulted in 33% improvement in receivable days and breakeven operating cash flow, after 8 years of negative flow.

SAVP & HEAD OF OFFICE SERVICES - Concurrent (Jan 2015 to Dec 2016): Managed the day-to-day activities relating to procurement, billing and record-keeping, agency personnel, and logistics.

KEY ACCOMPLISHMENT(S): Managed operating expenses which resulted in 20% lower than the prior year.

SAVP & HEAD OF CREDIT & COLLECTIONS - Concurrent (Nov 2015 to Jul 2016): Overseen the collection efforts of approximately USD130.0M receivable balances.

KEY ACCOMPLISHMENT(S): Led and managed collection visits to 66 clients in less than 30 days. Established collection protocol, escalation and monitoring process, which led to achievement of annual target in one quarter.

SAVP, HEAD OF MANAGEMENT ACCOUNTING & CHIEF ACCOUNTING OFFICER  (Jul 2015 - Jul 2016): Ensured implementation of all accounting and internal control requirements

KEY ACCOMPLISHMENT(S): Led and managed improvements in the function that delivered minimum annual savings of almost USD0.1M and correction of accounting practices leading to finacial restatement of USD8.0M.

Led the implementation of corporate programs and priorities. 

KEY ACCOMPLISHMENT(S): Initiated and sponsored almost 54 projects that resulted in significant improvement in operational efficiency of the Company

SAVP & HEAD OF TECHNOLOGY SERVICES - Concurrent (May 2014 to Jul 2016): Managed all operational activities of IT Services function, including IT infrastructure and applications, such as SAP, Oracle, AS 400, and various in-house systems.

KEY ACCOMPLISHMENT(S): Initiated and led almost 55 projects that resulted in significant improvement in the operational efficiency of the function, which delivered a minimum annual savings of USD0.2M.

SAVP & HEAD OF GENERAL SERVICES - Concurrent (Jan to Jul 2016): Managed day-to-day activities relating to procurement, billing and record-keeping, agency personnel, and logistics.

KEY ACCOMPLISHMENT(S): Initiated and led almost 52 projects that resulted in significant improvement in the operational efficiency of the function delivering a minimum annual savings of USD0.1M.

Led all aspects of internal audit function and served as President / CEO’s Adviser for Corp. Planning and Risk Management matters

KEY ACCOMPLISHMENT(S): Led a minimum of 30 audit engagements each year. A total of 656 recommendations were provided to operating and senior management from 2011 to 2014 to improve their processes and operations, 72% of which are either being implemented or implemented already. Benefits include 40% manpower optimization leading to USD1.10M annual savings.

SENIOR MANAGER & DEPUTY HEAD OF COMPLIANCE - Concurrent (May 2011 ­to Jun 2012): Overseen regulatory and internal compliance reqts.

KEY ACCOMPLISHMENT(S): Assisted the Audit Committee in the establishment of Compliance and Governance function that led to improvement in corporate governance rating from 64% to 87%, the highest in the industry and among the top 50 PH publicly-listed company (2011)

SENIOR MANAGER & DEPUTY HEAD OF INTERNAL AUDIT (Nov 2010 to Jun 2012): Managed all audit engagements under the guidance of the Audit Com.

KEY ACCOMPLISHMENT(S): Standardized internal audit methodology and working papers of the group that led to: 400% increase in team productivity

Led and managed multiple client engagements involving business performance, process, general IT controls and application review for numerous systems and applications. Proficient in the use of IDEA, ACL and other data analysis tool

KEY MANAGEMENT FUNCTIONS:

• Practice Leader for IT Strategy and IT Project Advisory
  
• Head of Quality Management Team (Project Delivery)
  
• KPMG Global Preferred Assessor for Vendor Security Compliance Reviews
  
• IT Audit Training Facilitator
  
• National Information Security Specialist

KEY ACCOMPLISHMENT(S)

• Lead in-charge for five audit seasons in the IT audit of the largest and most diversified publicly listed conglomerate in South East Asia (SEA).
• Lead Project Manager in the first SAP Reinsurance implementation in SEA 
• Lead in-charge for the forensic audit through data mining and database integrity testing using IDEA data analysis software for the world's largest producer and marketer of high-quality fresh produce

SUPERVISING SENIOR, PERFORMANCE & TECHNOLOGY (Jul ‘09 ­ - Jun ‘10)

SENIOR AUDITOR/ADVISOR, RISK ADVISORY (Nov ‘08 ­ - Jun ‘09)

SENIOR ASSOCIATE - RISK ADVISORY (Nov ‘07 - Oct ‘08)

ASSOCIATE - RISK ADVISORY (Jun ‘06 - Oct ‘07)