Loretta Heana

Work History

Managing Director

LH Consulting Services ltd

Honiara

04.2019 - Current

Formulated strategic vision to drive mission and goals while stimulating revenue, profitability and growth.
Implemented successful business strategies to increase revenue and target new markets.
Identified potential risks associated with operations and developed mitigation strategies.
Cultivated strong relationships with customers through periodic meetings and follow-ups.
Monitored financial performance of the organization and initiated corrective actions as needed.
Developed budgeting models used in forecasting future revenues and expenditures.
Used strong issue resolution and communication skills to cultivate and strengthen lasting client relationships.
Developed action plans to ensure that all organizational objectives are met in a timely manner.
Monitored progress by establishing plans, budgets and measuring results.
Contributed to professional development of client staff through effective training and mentorship.
Reviewed financial statements and sales or activity reports to measure productivity or goal achievement.
Oversaw day-to-day operations of the company while coordinating with staff members.
Cultivated deep understanding of market, customer and competitor landscapes to identify growth opportunities.
Created strategies for increasing revenue streams by leveraging existing customer relationships.
Developed rapport and instilled confidence with clients to develop credibility and earn trust.
Ensured compliance with applicable laws, regulations, policies, and procedures related to business operations.
Directed or coordinated financial or budget activities to fund operations and maximize investments.
Negotiated contracts with vendors and suppliers to maximize cost savings for the organization.
Contributed to profitability through expense control and pricing practices for products and services.
Facilitated meetings between stakeholders to discuss issues and resolve conflicts effectively.

Business Financial Advisor

Business Link Pacific

Honiara , Guadalcanal

04.2022 - 12.2023

Provided training sessions on accounting principles and practices so that clients can better understand how their finances work.
Assessed a client's existing technology infrastructure then recommended upgrades if needed.
Researched grants available for small businesses in an effort to help them access additional capital resources.
Reviewed client's existing procedures and policies then provided recommendations for improvement based on industry standards and best practices.
Shared information regarding local regulatory requirements to Small business for Compliance.
Educated clients on the importance of maintaining accurate records such as invoices, receipts, and payrolls in order to comply with state regulations.
Assisted in the creation of business plans small business owners.
Helped clients establish effective systems for tracking accounts receivable and payable, Banking and Reporting requirements.
Coordinated meetings between clients and potential partners who could provide additional resources or expertise when needed.
Provided technical support for existing reports, dashboards or other tools.
Recommended software solutions that would enable small business owners to automate some of their administrative tasks such as bookkeeping or payroll processing.
Provided financial advice and guidance to help small businesses manage their cash flow, budgeting, and other financial matters.

Accounting and Finance Consultant

Solomon Water

Honiara

10.2021 - 06.2023

Managed and trained team members to enhance Annual audit performance and increase operational efficiency.
Provided guidance on corporate governance best practices.
Assisted with the development of internal controls to ensure accurate financial reporting.
Diminished financial discrepancies and accurately reconciled accounts using detailed data analysis results.
Reviewed existing accounting systems and procedures, making necessary changes or improvements as needed.
Reconciled balance sheet accounts on a monthly basis to ensure accuracy of reported figures.
identified and solved complex strategy problems that impacted financial management and business direction.
Performed month-end closing activities including preparation of accruals, amortizations and allocations.
Minimized internal accounting department backlogs by updating accounts and generating reports.
Prepare the Clients Financial Report for 2021 and 2022.
Prepare the Client Entity Financial report for 2022.
Assist Finance Team to Map out the Chart of Accounts for the New Accounting Software.
My second Assignment as an Accounting Consultant is Integrating the Solomon Water Fixed Assets Independent Valuation report into the Financial Statement for 2022. The total current Value of SBD536Million which is a huge and complex report to complete within 3 months.

Accounting Consultant

Development Bank of Solomon Islands

Honiara, Guadalcanal

12.2020 - 06.2021

Produced accurate and compliant financial statements, reports, documentation and budget frameworks.
Maintained detailed records of all accounting transactions and prepared audit schedules as needed.
Presented audit results to management teams, delivering information in non-technical terms for easy understanding.
Developed and implemented departmental accounting policies, procedures and processes to establish and standardize accounting best practices.
Supervised accounting tasks, which included accounts payable and receivable, general ledger management and expense reporting oversight.
Oversaw cash flow, controlled costs and financial matters.
Prepared financial statements and reports for management review.
Performed audits of operational and financial areas to check compliance.
Cross-trained employees, enabling completion of priority tasks during personnel absences.
Analyzed balance sheets for mistakes and inaccuracies.
Prepared month-end closing entries for detailed reporting and recordkeeping.
Handled accounting operations such as updating journal entries, pursuing collections and reconciling accounts.
Performed periodic reviews of internal controls to ensure compliance with CBSI regulations.
Assisted in preparing materials for external audits by gathering necessary documentation.
Designed internal control policies to improve audit scores.
Managed and trained team members to enhance audit department performance and increase operational efficiency.
Ensured accurate recording of all transactions in the general ledger system in accordance with International Reporting standards (IFRS) principles.
Participated in process improvement initiatives aimed at increasing efficiency within the finance department.
Liaised with auditors to complete annual audits and maintain compliance with local requirements.
Planned, directed and monitored regulatory operations, tax reporting and audit compliance.
Minimized internal accounting department backlogs by updating accounts and generating reports.
Management the Annual Audit Process

Financial Accounting Consultant

Solomon Power

Honiara, Guadalcanal

06.2020 - 12.2020

Investigated and resolved billing issues and Payments Digital payments gateways for 20218 to 2020.
Gathered banking transactions via statements, recorded activity in Excel format and reconciled Transactions with the Digital sales data.
Diminished financial discrepancies and accurately reconciled accounts using detailed data analysis results.

Accounting Manager

BulkShop

Honiara, Guadalcanal

10.2019 - 03.2020

Provided guidance on taxes such as income tax returns, sales tax returns.
Monitored cash flow, prepared bank reconciliations, and managed accounts payable and receivable functions.
Managed a team of accountants to ensure accuracy of all financial transactions.
Created reports summarizing current financial status by collecting analyzing and presenting key data points.
Identified areas of improvement in the existing accounting system and recommended changes accordingly.
Reconciled and reviewed operations databases and accounting system records to calculate and determine accurate monthly revenues.
Handled accounting operations such as updating journal entries, pursuing collections and reconciling accounts.
Supervised accounting tasks, which included accounts payable and receivable, general ledger management and expense reporting oversight.
Prepared month-end closing entries for detailed reporting and recordkeeping.

Audit Supervisor

Morris & Sojnocki Chartered Accountants

Honiara, Guadalcanal

08.2015 - 10.2019

Managed and trained team members to enhance audit department performance and increase operational efficiency.
Developed relationships with key personnel within client organizations for better understanding of their business operations.
Analyzed accounting records such as general ledgers and trial balances to assess accuracy of reporting.
Performed information system audits to manage internal controls and assess risks.
Met with business leaders and owners to discuss audits and findings.
Monitored progress made by clients in implementing corrective actions recommended from previous audits.
Gathered banking transactions via statements, recorded activity in Excel format and reconciled balances.
Prepared detailed audit reports on results obtained from fieldwork activities.
Ensured that all external auditing engagements are completed within established deadlines and budgets.
Investigated and resolved billing issues to maximize cash flow and minimize liabilities.
Facilitated successful internal and external audits through sound and thorough documentation.
Appraised adequacy of internal control systems by completing audit questionnaires.
Presented audit results to management teams, delivering information in non-technical terms for easy understanding.
Reviewed client's documents such as contracts, invoices, purchase orders, for accuracy and completeness.
Researched changes in laws to maintain adherence to financial regulations.
Reviewed and evaluated financial statements, identified discrepancies and reported findings to management.
Assessed potential risks, evaluated controls and conducted compliance testing.
Documented audit evidence according to accepted professional standards.
Communicated audit observations and recommendations to clients' management team verbally or written form.
Assessed internal control design effectiveness and reliability of financial reporting systems.
Performed compliance testing with applicable laws, regulations and standards.
Identified areas of improvement in internal controls and proposed solutions to strengthen them.
Developed audit programs, plans and strategies for external audits.
Wrote Audit reports for Management approval and communications to Clients.

Summary

Overview

Work History

Managing Director

Business Financial Advisor

Accounting and Finance Consultant

Accounting Consultant

Financial Accounting Consultant

Accounting Manager

Audit Supervisor

Education

Solomon Islands Senior Executive Women in Leadership Program Certificate - Organizational Leadership

Business Advisor Development Program Certificate - Business Advisor

Being An Impactful Strategic Advisor - Strategic Intelligence

Women On Boards Certificate - Organizational Leadership

Women in Leadership Program Certificate. - Organizational Leadership

Influencing & Negotiating For Finance And Financial Professionals - Influencing & Negotiating For Finance And Financia

Bachelor of Accounting - Accounting

Diploma of Accounting - Accounting

Skills

Timeline

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