I. Job Summary
The Accounting Manager is responsible for overseeing the company's accounting operations, financial records, and reporting activities. The position ensures the accuracy, completeness, and timely preparation of financial statements, monitors compliance with accounting standards and tax regulations, and establishes effective internal controls to safeguard company assets and financial resources.
II. Duties and Responsibilities
A. Accounting Operations
- Oversee the daily operations of the Accounting Department.
- Ensure accurate recording, classification, and reconciliation of financial transactions.
- Review and verify journal entries, vouchers, invoices, and other accounting documents.
- Ensure proper maintenance and safekeeping of accounting records and supporting documents.
- Monitor accounts payable, accounts receivable, and other financial transactions.
B. Financial Reporting and Analysis
- Prepare and review monthly, quarterly, and annual financial statements.
- Ensure timely submission of financial reports to Management.
- Analyze financial performance, expenses, revenues, and variances against budget.
- Provide financial insights and recommendations to Management for decision-making.
- Monitor the company's cash flow and financial position.
C. Tax and Regulatory Compliance
- Ensure timely preparation and filing of tax returns and required government reports.
- Monitor compliance with BIR regulations, accounting standards, and other applicable laws.
- Coordinate with external auditors and government agencies when necessary.
- Ensure that all financial transactions are properly documented and supported.
D. Internal Control and Audit
- Establish and implement accounting policies, procedures, and internal controls.
- Review accounting processes to identify errors, irregularities, and potential risks.
- Monitor compliance with company policies and financial procedures.
- Coordinate with internal and external auditors during audit activities.
- Recommend improvements to strengthen financial controls and prevent financial losses.
E. Budgeting and Financial Planning
- Assist Management in preparing the company's annual budget.
- Monitor actual expenditures against approved budgets.
- Identify unnecessary expenses and recommend cost-control measures.
- Prepare financial forecasts and projections when required.
F. Team Management
- Supervise, guide, and evaluate the performance of Accounting Department personnel.
- Assign tasks and ensure timely completion of departmental responsibilities.
- Provide training and guidance to improve employees' accounting knowledge and skills.
- Ensure accountability, discipline, and productivity within the department.
- Conduct regular meetings to discuss departmental concerns and performance.
G. Management Coordination
- Submit regular financial updates and reports to the President and CFO.
- Provide accurate financial information necessary for Management decisions.
- Coordinate with other departments regarding financial transactions and concerns.
- Immediately report significant financial discrepancies, irregularities, or potential risks to Management.
- Perform other related duties as may be assigned by Management.
III. Qualifications
- Bachelor's Degree in Accountancy or related field.
- Certified Public Accountant (CPA) is an advantage.
- At least 3–5 years of relevant accounting experience, preferably in a supervisory or managerial position.
- Knowledge of Philippine accounting standards, taxation, and BIR regulations.
- Proficient in accounting systems, spreadsheets, and financial reporting tools.
- Strong analytical, organizational, and leadership skills.
- High level of integrity, accuracy, and confidentiality.