ACCOUNTING ASSOCIATE

Bank of the Philippine Islands (BPI); Manila; On-site; PHP 400,000 - 600,000; Full time

Job summary

A leading banking institution is seeking an Accounting Associate in Manila to maintain the accuracy of financial records, ensure compliance with tax requirements, and prepare internal and external reports. Candidates must have a Bachelor's degree in accountancy or management accounting, and knowledge of the complete accounting process is essential. This role is ideal for those residing near Makati or willing to relocate.

Qualifications

• Must be residing near Makati or is willing to be assigned in Makati.

Responsibilities

• Preparation of accounting entries for UCAG-BKD transactions.
• Computation of Monthly Income Taxes and Gross Receipts Taxes for Banks.
• Regular tax filings and remittances for various taxes via EFPS and other modes.
• Submission of reports to regulatory bodies like BIR and SEC.
• Coordination with and submission of schedules to external auditors.
• Updates of GL and SL balances for UCAG accounts.
• Consolidation of Creditable Withholding Tax Certificates.
• Handling accruals for intercompany cost recoveries.
• Performs other duties as assigned.

Skills

Knowledge of complete accounting process

Familiar with tax computations

Accounts reconciliation

Education

Bachelor's degree in accountancy or management accounting

Job description

The Accounting Associate is responsible to properly maintain accuracy and completeness of the books of accounts of banks, filing/payment of various tax remittances and compliance with BIR current tax requirements, submission of internal reports to management and external reports to regulatory bodies and compliance with the bank policies on bookkeeping and maintenance.

Responsibilities

• Preparation of accounting entries for UCAG-BKD transactions
• Computation of Monthly Income Taxes and Gross Receipts Taxes for Banks
• Regular tax filings and remittances for the Banks for Income Taxes, Value Added Taxes, Withholding Taxes and Fringe Benefits Taxes via Electronic Filing and Payment System (EFPS), E-BIR Facility, E-Submission Facility and other modes of payment as may be required
• Submission of reports and schedules to the regulatory bodies: Bureau of Internal revenue (BIR), Securities and Exchange Commission (SEC) and Local Government Unit (Makati LGU)
• Coordination with and submission of schedules to the external auditors
• Updates of the GL and SL balances for UCAG accounts and submission of Monthly Proof and Verification Reports
• Consolidation and checking of the Creditable Withholding Tax Certificates for valid claim against Income Tax Due
• Preparation and releasing of Creditable Withholding Tax Certificates from E-Proc transactions
• Handling accruals for intercompany cost recoveries from Subsidiaries
• Maker activities for eProc requested items
• Performs other duties that may be assigned.

Qualifications

• Bachelor's degree in accountancy or management accounting
• Knowledge of complete accounting process; familiar with tax computations, BIR regulations and accounts reconciliation
• Must be residing near Makati or is willing to be assigned in Makati