Accounting Specialist

WorkSync Opum Solutons Inc; Batangas City; On-site; PHP 30,000 - 50,000; Full time

Job summary

A financial services company located in Batangas City is seeking a finance professional responsible for preparing accurate financial reports, managing tax compliance, and overseeing treasury operations. The ideal candidate will have a Bachelor's degree in Accounting or Finance with strong skills in financial reporting and compliance. This role plays a crucial part in the budgeting and forecasting processes, ensuring all financial data is precise and submitted timely for management review.

Qualifications

• Experience in preparing financial reports accurately and in a timely manner.
• Strong knowledge of tax regulations and compliance requirements.
• Proven experience in treasury and cash management.

Responsibilities

• Prepare and organize all tax-related data and documentation.
• Manage monthly bank reconciliations to ensure accuracy.
• Finalize intercompany transaction reconciliations regularly.
• Ensure timely preparation of financial reports for management.

Skills

Financial reporting

Tax compliance

Treasury management

Budgeting and forecasting

Attention to detail

Education

Bachelor's degree in Accounting or Finance

Job description

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Job Description

Responsible for timely and accurate preparation of insightful financial reports, providing critical data for strategic decision-making. Actively participate in budgeting and forecasting exercises, manage treasury and fixed asset operations, and ensure compliance with all local and national regulatory requirements.

Responsibilities

TAX AND COMPLIANCE

• Prepare and organize all tax-related data, work papers, and supporting documentation.
• Prepare and ensure the accurate and timely filing of all monthly, quarterly, and annual tax returns (e.g., VAT, Income Tax, Withholding Tax).
• Ensure comprehensive compliance with all local and national regulatory requirements.

TREASURY AND CASH MANAGEMENT

• Prepare detailed monthly bank reconciliations for all company bank accounts, ensuring accuracy and identifying reconciling items to facilitate proper cash management and financial reporting.
• Review check vouchers and collection receipts for accuracy, completeness, and adherence to company policies. Ensure all supporting documentation is present and properly authorized before processing or recording.
• Ensure the accurate and timely release of payments to vendors, verifying alignment with approved invoices and payment terms.
• Review the monthly PPE lapsing schedule and depreciation expense calculation to ensure accuracy, completeness, and adherence to the accounting policies and standards.

FINANCIAL REPORTING

• Prepare and finalize intercompany transaction reconciliations on a regular basis, ensuring the accuracy and completeness of balances to facilitate timely financial reporting.
• Execute the comprehensive substantiation, reconciliation, and analysis of assigned balance sheet and income statement accounts. Ensure the accuracy and validity of all asset, liability, and expense balances recorded in the General Ledger for financial reporting purposes.
• Ensure timely and accurate month-end close of all financial records, ensuring all deadlines are met and financial data is precise for reporting.
• Prepare and compile monthly financial report package, ensuring accuracy and timely submission for management review.

FINANCIAL PLANNING

• Prepare detailed monthly expense variance analysis, comparing actual expenditures against budget.
• Provide essential support in the annual budget and periodic forecasting processes, specifically by gathering and analyzing financial data, building models, and preparing various schedules to aid decision-making.