Accounting Specialist

Island Air Products Corporation; Aklan; On-site; PHP 334,800 - 558,000; Full time

Job summary

A leading manufacturing firm in the Philippines is looking for an Accountant to manage daily financial tasks including monitoring branch sales, preparing accounting reports, and ensuring compliance with regulations. The ideal candidate will possess a Bachelor's degree in Accounting or Finance and have experience in cash handling, payroll processing, and inventory monitoring. This position offers an opportunity to contribute to financial audits and control procedures within a dynamic environment.

Qualifications

• Bachelor's degree in Accounting or Finance is required.
• Experience in financial reporting and inventory monitoring is crucial.
• Proficiency in cash handling and payroll processing is needed.

Responsibilities

• Monitor daily branch sales, cash/check collections, and expenses.
• Prepare monthly accounting reports and conduct financial audits.
• Ensure compliance with government regulations and coordinate business permit renewals.

Skills

Financial reporting

Inventory monitoring

Cash handling

Accounts receivable management

Payroll processing

Education

Bachelor's degree in Accounting or Finance

Tools

Accounting software

Job description

Duties and Responsibilities – Accountant

Overall Responsibility

• Monitor daily branch sales, including cash and check collections, expenses, and cash/check flow of sales centers.
• Prepare monthly accounting reports such as income statements, cash and check flow, bank reconciliation, and accounts receivable.
• Daily Report Checking
• Daily production reports
• Daily charge sales
• Daily cash sales and collections (delivery and office sales)
• Daily inventory reports
• Inventory Monitoring
• Daily inventory
• Monthly warehouse inventory
• Petty Cash Monitoring
• Conduct monthly monitoring of petty cash fund and extra cashier fund.
• Disbursement and Expense Control
• Counter-check and encode expense disbursements.
• Substantiate financial transactions by auditing supporting documents.
• Cash and Check Collection
• Monitor daily cash and check collections.
• Counter-check cash and check flow of sales centers.
• Payroll and Cash Advances
• Counter-check payroll computations and cash advances.
• Monthly Financial Reports Preparation
• Income Statement
• Cash and Check Flow
• Bank Reconciliation
• Accounts Receivable Monitoring
• Check aging of accounts receivable.
• Coordinate delayed receivables with the Credit and Collection Officer.
• Counter-check accounts receivable and cylinder confirmations with the Cylinder Controller.
• Sales and Operational Reports
• Check monthly cylinder reports.
• Monitor post-dated check collections.
• Review IAPC hauling expenses.
• Check customer rebates.
• Audit of Sales Centers (Branches without Accounting Assistant)
• Inventory of full and empty cylinders
• Sales
• Collections
• Expenses
• Receivables
• Loaned cylinders
• Payables and Tax Compliance
• Process payables, including:
• Monthly and quarterly VAT (for branches that are separate entities from IAPC)
• Quarterly corporate tax
• Expanded withholding tax
• BIR annual registration fee
• Annual income tax return
• SSS, PhilHealth, and Pag-IBIG contributions
• Government and Regulatory Compliance
• Secure and coordinate real property tax payments and business permit renewals.
• Invoice and Printing Coordination
• Prepare Authority to Print (ATP) and coordinate invoice printing with the accredited printing press.
• Accounting Controls and Reconciliation
• Maintain accounting controls by preparing and recommending policies and procedures.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Petty Cash Custodianship
• Act as petty cash custodian for branches without an Accounting Assistant.
• Bank Transactions
• Prepare and deposit daily sales to the bank.