Jaclyn M. Dumo Delgado

Derivatives Hedge Accounting and Reporting

• Held progressive roles of increasing responsibility specializing in derivatives accounting, starting from Manulife Business Process Services in the Philippines and transitioning to the headquarters in Boston, Massachusetts to work with onshore operations.
• Review and approval of daily accounting activities such as but not limited to cash settlement reconciliation and journal entries, inter and intra company transfer transactions, key control procedures, general and subledger ledger account reconciliations and oversee accounting monthly and quarterly close processes.
• Preparation of complex financial reports sourced from diverse trade, accounting and valuation systems (FINDUR, INFOR, SimCorp Dimension), and determining appropriate methodology to present information to the business units accompanied by detailed analysis of ledger balance movements that facilitates decision-making by management.
• Works effectively across departments, with derivative operations team for front and back-office transactions, middle office team for valuations and hedge effectiveness assessment, and solutions team for new business requirements and ensure current system issues are resolved.
• Interpretation and application of hedge accounting standards for fair value, cash flow and net investment hedge under multiple accounting treatments for IFRS and NAIC statutory basis (Also worked on USGAAP until company discontinued in year 2016).
• Preparation of internal and external reporting of derivative activities for quarter and annual IFRS financial statements; and NAIC statutory requirements like Schedule DBs, IMR, AVR, RBC, etc.
• Fair value hedge basis adjustments subject matter expert. Review of hedge effectiveness, validation of accounting entries, tracking of inventory, AOCI roll-forward balance reconciliation and reporting.
• Supports key transformation projects, process automation and efficiency initiatives. Leads team to accomplish team assignments and complete project requirements.
• Coordinate requests and supporting documents to the internal and external auditors in adherence to the SOX key controls testing and general ledger account certifications.
• Keeps strong collaboration with team members. Facilitates training to address knowledge gaps, oversees assignment completions, and ensures accuracy and timeliness of deliverables.
• Effectively manages competing priorities, advocates for best practice approach, and proactively handles change.

FAS 133 Hedge Accounting

• Treasury three-fold cash reconciliation to ensure that money markets and interest rate derivatives are cash flat and economically hedged.
• Root cause analysis through extensive investigation of various trade, cashflow, system breaks and advice accountable parties for resolution. Monitored ageing of breaks done by a timely escalation of necessary trade adjustments.
• Hedge trade effectiveness test done through cash flow risk regression analysis fundamental to the financial reporting valuation of the trades in conformity with FAS 133 hedge accounting framework.
• Profit and Loss reconciliation and month end valuations report to account derivatives on a mark-to-market basis.
• Middle office accounting reconciliation and analysis of trade capture (SUMMIT) and sub ledger inter system cash flows to ensure that settlements are accounted downstream into the ledger for month end financial reports.
• Completeness verification of intercompany derivative transactions from global valuation risk control, resolved discrepancies to reconcile accounting and eliminate intercompany balances upon consolidation of financial statements.

General Operations Accounting

• Ensured expenses are incurred within company's existing policies and verify that transactions comply with financial procedures.
• Preparation and endorsement of accounts payable to facilitate payment of various charges for area operations related expenditures. Monitored accounts to ensure timely payments, funding are adequate while optimizing company resources and resolve discrepancies.
• Various operating expense reports, bank reconciliation, cash flow statement and other month end financial reports such as accruals, leases, fixed asset depreciation, payroll and other outsourced services.