Finance Analyst - Bank Accounting

Maxicare Healthcare Corporation; Makati; On-site; PHP 550,000 - 850,000; Full time

Job summary

Maxicare Healthcare Corporation is seeking a Finance Analyst – Bank Accounting to safeguard the company’s cash portfolio and ensure accurate ledger activity across all bank accounts. The role serves as the primary gatekeeper for cash balances, performs daily reconciliations, and posts necessary journal entries to maintain audit readiness.

The analyst will monitor cash flows, verify Treasury inputs against bank activity, and prepare bank reconciliation reports for internal and statutory auditors,

Qualifications

• Bachelor's degree in Accountancy is required.
• CPA designation is an advantage but not required.
• Proficiency in Microsoft Excel and ERP systems preferred.

Responsibilities

• Perform high-volume bank reconciliations for multiple accounts.
• Monitor daily cash inflows and outflows; escalate discrepancies.
• Post journal entries for bank fees, interest, and FX variances.
• Prepare daily cash roll-forward reports for management.
• Prepare bank reconciliation reports and documentation for auditors.

Skills

Microsoft Excel

Accounting principles

Education

Bachelor's degree in Accountancy

CPA designation (advantage)

Tools

Oracle Cloud ERP

Job description

POSITION TITLE:

Finance Analyst - Bank Accounting

Business Unit:

Maxicare Healthcare Corporation

Level:

Rank and File

Reporting Line:

Supervisor

Position Accountability Statement

The Finance Analyst – Bank Accounting is held accountable for safeguarding Maxicare Healthcare Corporation’s cash portfolio and ensuring total accuracy and transaction integrity across all corporate bank accounts. Serving as the primary gatekeeper for cash balances and ledger activity, this position conducts high-volume bank reconciliations, maintains daily cash roll-forwards, verifies Treasury inputs against actual bank activity, and posts required journal entries to guarantee full audit readiness, balance sheet precision, and strict adherence to internal controls and financial reporting standards (PFRS/IFRS).

Job Description

This role is responsible for cash integrity, transaction verification, and financial gatekeeping. This analyst ensures all movements through the bank accounts are accurately accounted for by verifying Treasury inputs against bank activity, maintaining the daily cash roll forward, and serving as the primary auditor for the ledger's cash balances.

STANDARD RESPONSIBILITY STATEMENTS

• High-Volume Bank Reconciliations
• Perform daily and monthly bank reconciliations for multiple corporate, premium collection, and claims disbursement accounts.
• Investigate and resolve outstanding reconciling items in a timely manner to maintain ledger accuracy.
• Cash Flow Oversight & Discrepancy Escalation
• Monitor daily cash inflows (member premiums) and outflows (provider check/EFT disbursements) based on inputs provided by the Treasury team.
• Review Treasury transactions against bank activity, identifying misalignments or variances and proactively raising issues to the Treasury team for resolution.
• Transaction Recording
• Post journal entries for bank fees, interest income, corporate credit card transactions, and foreign exchange variances.
• Ensure all bank-related transactions are accurately coded and posted to the General Ledger within month-end deadlines.
• Audit & Compliance
• Prepare daily cash roll forward reports for management based on reconciled bank balances, tracking opening balances, daily movements, and closing positions.
• Prepare comprehensive bank reconciliation reports and supporting documentation for internal and statutory auditors.

EDUCATIONAL REQUIREMENT

• Bachelor's degree in Accountancy
• CPA designation is an advantage but not required

SKILLS REQUIREMENT – EXECUTIVES AND MANAGERS (sample)

• Strong knowledge of accounting principles and financial reporting standards (e.g., PFRS/IFRS).
• Proficient in Microsoft Excel; knowledge of Oracle Cloud ERP is an advantage.
• Experience in the insurance or financial services industry is an advantage