Accounting Assistant

Rextron International Corporation; Quezon City; On-site; PHP 223,200 - 334,800; Full time

Job summary

A leading company in promotions and discounts is seeking an Accounting Staff to manage and analyze all promotional activities and discount programs. This role involves recording promotional expenses, ensuring compliance with company policies, and preparing financial reports on promotional performance. Candidates should possess strong analytical skills and attention to detail to accurately monitor financial impacts. The position is based in Quezon City, Philippines and offers a collaborative work environment.

Qualifications

• Experience in accounting, particularly related to discounts and promotions.
• Strong analytical skills to assess financial impacts.
• Attention to detail in processing and documenting transactions.

Responsibilities

• Manage promotional activities and discounts.
• Record and reconcile promotional financial data.
• Analyze financial impact of promotions.
• Ensure compliance with policies and standards.
• Prepare and report on promotional expenses.

Job description

Job Summary

The Accounting Staff – Promotions & Discounts is responsible for managing, monitoring, and accounting for all company promotional activities, discounts, rebates, and special pricing programs. This role ensures accurate financial recording, compliance with company policies, and proper reporting of promotional expenses and discount impacts on revenue.

Key Responsibilities

1. Promotions & Discount Processing

• Review and validate promotional programs, discount requests, and special pricing approvals.
• Ensure all promos and discounts are properly authorized before implementation.
• Encode approved promotions into the accounting/ERP system.
• Monitor promo periods, terms, and conditions for accuracy.

2. Financial Recording & Reconciliation

• Record discounts, rebates, and promotional expenses in the general ledger.
• Reconcile promotional expenses against sales reports.
• Ensure correct revenue recognition after applying discounts.
• Track accruals related to ongoing promotional campaigns.

3. Monitoring & Analysis

• Analyze the financial impact of promotions and discount programs.
• Prepare reports on promo performance (sales uplift vs. cost).
• Identify discrepancies, excessive discounting, or unauthorized promos.
• Support management with cost-benefit analysis of campaigns.

4. Compliance & Internal Controls

• Ensure all promotional activities comply with company policies and accounting standards.
• Maintain proper documentation for audit purposes.
• Coordinate with Sales and Marketing departments for promo approvals and clarifications.
• Assist in internal and external audits related to revenue and promotional expenses.

5. Reporting

• Prepare monthly reports on promotional expenses and discount trends.
• Provide variance analysis between budgeted and actual promo spending.
• Support management in forecasting future promotional budgets.