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Accounting & Reporting Officer

Job Category:

Accounting

Job Level:

Professional

Open Date:

13-Sep-2021

Location:

TAGUIG CITY

Close date:

13-Oct-2021

Client Industry:

BANKING

Job Description and Qualification:

Responsibilities

Reporting & Analysis
  • Applies extensive knowledge of financial regulation to perform financial and regulatory reporting work, including compilation, consolidation and analysis of financial data and reports.
  • Monitors compliance with required prudential ratios and limits and provides regular updates to Finance management, Philippine Management Team and ALCO.
  • Prepares and finalizes the annual accounts in accordance with IFRS guidelines or prudential returns.
Business Partnering
  • Uses expertise of regulations and products to advise responsible management on:
  • Compliance to accounting standards, regulatory limits/ratio
  • Product reviews by identifying implications of accounting standards and regulations to new products and new regulations to existing products
  •  Interpretation and translation of financial regulations into procedures and data or process requirements
  • Analyses and communicates (e.g. to business) about changes in regulations related to regulatory requirements, e.g. thru regulatory publication and briefing.
  • Coordinates with other departments, BSP contacts and peer banks regarding regulatory issues and provides alternatives to address any compliance risk of the Bank.
Finance Control
  • Contribute to the development and delivery of finance policies and guidelines to ensure compliance with regulations and good financial practice 
  • Monthly/daily closure
  •  Compiles annual accounts in accordance with IFRS guidelines. Provides timely, complete and accurate financial closing together with outsourced provider.
  • Analyzes the financial results and processes profit and loss discrepancies and closes periodical transitional entries (e.g. suspense and sundry account).
  • Processes invoices and payments of service users (including intercompany billings).  Makes sure payments and invoices are validated and entered correctly in the general ledger.
  • Acts as the Finance point person with regard to special requirements requested by CAS Auditors, BSP and PDIC examiners and BSP Financial Supervision Sector.
Qualifications
  • Minimum of 5 years experience in banking or audit, with experience financial accounting and regulatory reporting
  • High level knowledge of financial accounting (IFRS) and local regulatory requirements (BSP, PDIC, SEC & BIR)
  • Experience in leading teams and initiatives
  • Strong communicator in English, both verbal and written.
  • Strong risk and control awareness and knowledge of financial control procedures
  • Ability to work collaboratively across functions and geographies
  • Ability to anticipate and lead change; open to AGILE way of working
  • Dayshift/Currently work from home

Salary:

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