Branch Accountant

Mount Carmel Rural Bank Inc.; Cavite City; On-site; PHP 279,000 - 390,600; Full time

Job summary

A local rural bank in Cavite City is seeking an Accounting Supervisor to oversee financial transactions and ensure compliance with regulatory requirements. You will manage bookkeeping, prepare financial reports, and support branch operations. Ideal candidates should have a solid background in accounting principles and regulations. This role emphasizes accuracy and confidentiality in financial reporting and record-keeping.

Qualifications

• Experience in accounting and financial transactions.
• Knowledge of BIR regulations and financial compliance.
• Strong supervision and management skills.

Responsibilities

• Ensure proper recording and management of financial transactions.
• Monitor compliance with banking regulations.
• Supervise branch procurement and operations.

Job description

Responsibilities

Accounting and Financial Transactions

• Ensure proper recording, classification, and summarization of all financial transactions in accordance with established accounting policies and procedures.
• Manage and review accounting schedules and maintain the books of accounts.
• Ensure daily transaction closure, including validation and checking of documents for accuracy and reliability.
• Prepare journal entries (debit and credit tickets) and process payments, ensuring timely disbursement of accounts payable and prompt collection of accounts receivable.
• Maintain and update the fixed assets register and reconcile inventories.
• Implement internal control measures for bookkeeping, financial reporting, and asset management.
• Ensure compliance with BIR regulations, including the timely filing and payment of taxes.
• Prepare and submit accurate financial reports to the Controllership Department and Compliance Division for submission to BSP, BIR, and other regulatory bodies.
• Maintain an orderly filing system for accounting records, ensuring accessibility, preservation, and accuracy.
• Uphold the confidentiality of financial and operational information.

Compliance and Internal Controls

• Monitor compliance with banking regulations and internal policies.
• Ensure adherence to BSP, BIR, and other regulatory requirements in financial reporting.
• Supervise the proper documentation and safekeeping of financial records for audit purposes.
• Assist in audits and examinations conducted by regulatory bodies.
• Monitor tax remittances and payments.

Branch Administration and Operations

• Oversee and monitor the accuracy of bookkeeping and accounting transactions, ensuring compliance with standard procedures.
• Supervise and manage branch procurement and facility maintenance to ensure a clean and professional work environment.
• Report and coordinate any untoward incidents with the Head Office for immediate action.
• Collaborate with the Branch Manager to assess branch needs and recommend improvements in bank services.

Reporting and Coordination

• Coordinate with the Controllership Department Head and branch personnel on financial and administrative matters.
• Prepare financial reports, reconciliations, and variance analyses for review by management.
• Communicate with regulatory agencies regarding compliance and financial reporting requirements.

Reliever and Support Functions

• Temporarily assume the responsibilities of a Branch Accountant at different branches as needed.
• Train and support branch accounting staff in financial procedures and policies.
• Ensure a smooth transition of accounting functions when reassigned to a new branch.