Accountant

Philippine National Police Lakas Tulungan Multi-Purpose Cooperative; Quezon City; On-site; PHP 250,000 - 380,000; Full time

Job summary

The Accountant at Philippine National Police Lakas Tulungan Multi-Purpose Cooperative is responsible for maintaining accurate financial records, preparing timely statements, and ensuring compliance with CDA, BIR, and other regulatory requirements.

The role covers cooperative fund and equity management, tax compliance, payroll remittances, audits, budgeting, and internal controls to safeguard assets and support sound financial management.

Qualifications

• Bachelor's Degree in Accountancy (BSA).
• CPA license holder preferred.
• At least 1-2 years of relevant accounting experience.
• Experience in a credit or multi-purpose cooperative is an advantage.
• Knowledge of CDA Standard Chart of Accounts (SCA) and cooperative accounting practices.
• Familiarity with cooperative fund accounting, RA 9520, BIR regulations, and statutory remittances.

Responsibilities

• Maintain accurate and complete accounting records in accordance with the CDA Standard Chart of Accounts (SCA) and applicable accounting standards.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Record, review, and reconcile financial transactions, journal entries, and general ledger accounts.
• Conduct bank reconciliations and ensure the accuracy of account balances.
• Monitor and maintain records of Share Capital, Patronage Refund, Interest on Share Capital, Reserve Fund, CETF, Optional Fund, and Community Development Fund.
• Ensure proper allocation, recording, and reporting of statutory and cooperative funds.
• Ensure compliance with Cooperative Development Authority (CDA), Bureau of Internal Revenue (BIR), and other regulatory requirements.
• Prepare and file tax returns, regulatory reports, and other required submissions.
• Monitor cooperative tax privileges and compliance requirements under Republic Act No. 9520.
• Monitor accounts payable, accounts receivable, and loan-related accounting transactions.
• Review and verify supporting documents for disbursements, collections, and financial transactions.
• Ensure proper recording and monitoring of receivables, liabilities, and member-related accounts.
• Monitor and process statutory deductions and remittances including SSS, PhilHealth, Pag-IBIG, and withholding taxes.
• Ensure timely and accurate submission of government reports and payments.
• Prepare schedules, reconciliations, and supporting documents for internal and external audits.
• Assist auditors during examinations and implement corrective actions on audit findings.
• Maintain effective internal controls to safeguard Cooperative assets and financial resources.
• Assist management in budget preparation, financial planning, forecasting, and performance analysis.
• Provide financial recommendations and variance analysis to support decision-making.
• Perform other accounting, finance, and compliance-related duties as may be assigned by Management.

Skills

Analytical skills

Organizational skills

Financial reporting

Education

BSA / Bachelor of Science in Accountancy

CPA license (preferred)

Tools

Microsoft Excel

MS Office

Accounting software

Job description

JOB SUMMARY

The Accountant is responsible for maintaining accurate financial records, preparing timely financial statements, ensuring compliance with CDA, BIR, and other regulatory requirements, and supporting management through financial analysis and reporting. The position oversees accounting operations, cooperative fund accounting, tax compliance, statutory remittances, and internal controls to safeguard the Cooperative's assets and promote sound financial management.

Key Responsibilities

Financial Accounting and Reporting

• Maintain accurate and complete accounting records in accordance with the CDA Standard Chart of Accounts (SCA) and applicable accounting standards.
• Prepare monthly, quarterly, and annual financial statements and management reports.
• Record, review, and reconcile financial transactions, journal entries, and general ledger accounts.
• Conduct bank reconciliations and ensure the accuracy of account balances.

Cooperative Fund and Equity Management

• Monitor and maintain records of Share Capital, Patronage Refund, Interest on Share Capital, Reserve Fund, Cooperative Education and Training Fund (CETF), Optional Fund, and Community Development Fund.
• Ensure proper allocation, recording, and reporting of statutory and cooperative funds.

Regulatory and Tax Compliance

• Ensure compliance with Cooperative Development Authority (CDA), Bureau of Internal Revenue (BIR), and other regulatory requirements.
• Prepare and file tax returns, regulatory reports, and other required submissions.
• Monitor cooperative tax privileges and compliance requirements under Republic Act No. 9520.

Accounts Management

• Monitor accounts payable, accounts receivable, and loan-related accounting transactions.
• Review and verify supporting documents for disbursements, collections, and financial transactions.
• Ensure proper recording and monitoring of receivables, liabilities, and member-related accounts.

Government Remittances and Payroll Compliance

• Monitor and process statutory deductions and remittances including SSS, PhilHealth, Pag-IBIG, and withholding taxes.
• Ensure timely and accurate submission of government reports and payments.

Audit and Internal Controls

• Prepare schedules, reconciliations, and supporting documents for internal and external audits.
• Assist auditors during examinations and implement corrective actions on audit findings.
• Maintain effective internal controls to safeguard Cooperative assets and financial resources.

Budgeting and Financial Analysis

• Assist management in budget preparation, financial planning, forecasting, and performance analysis.
• Provide financial recommendations and variance analysis to support decision-making.

Other Duties

• Perform other accounting, finance, and compliance-related duties as may be assigned by Management.

Qualifications

• Bachelor's Degree in Accountancy (BSA).
• CPA license holder preferred.
• At least 1-2 years of relevant accounting experience.
• Experience in a credit or multi-purpose cooperative is an advantage.
• Knowledge of CDA Standard Chart of Accounts (SCA) and cooperative accounting practices.
• Familiarity with cooperative fund accounting, RA 9520, BIR regulations, and statutory remittances.
• Proficient in Microsoft Excel, MS Office applications, and accounting software.
• Strong analytical, organizational, and financial reporting skills.