Finance and Accounting Senior Specialist
Red Planet Philippines Services Corporation
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Job summary
Red Planet Philippines Services Corporation is seeking a Finance & Accounting professional to lead multi‑entity FS consolidation, intercompany eliminations, FX translation, and related controls. You will partner with the Finance and Accounting Manager to clear a consolidation backlog for March–June 2026 and to transition controllership activities in‑house.
The role requires 5+ years in accounting with 3–5 years in group FS consolidation, strong Excel and ERP skills, and a CPA preferred.
Qualifications
- Bachelor's degree in Accountancy is strongly preferred.
- CPA certification is strongly preferred.
- At least 5 years of progressive accounting experience.
- 3–5 years of group FS consolidation experience in a multinational setting.
- Experience clearing a multi‑month consolidation backlog.
- Experience transitioning consolidation work from external to in‑house.
- Proficiency with Excel and ERP systems; good documentation and testing skills.
- Strong written and verbal communication abilities.
Responsibilities
- Manage general ledger and ensure accurate recording and documentation.
- Lead month-, quarter-, and year-end close with journal review and reconciliations.
- Maintain COA structure, cost centers, mappings, and reporting hierarchies.
- Prepare monthly, quarterly, and annual financial statements and reports.
- Perform variance analysis against budgets and explain material movements.
- Execute monthly FS consolidation across group entities, including intercompany eliminations and FX translation.
- Support J-SOX and internal control documentation and testing.
- Assist in transitioning consolidation processes from external providers to in‑house.
Skills
Education
Tools
Job description
The role leads multi-entity Financial Statement consolidation for the Group's portfolio of entities, including intercompany eliminations, FX translation, and consolidation adjustments. The Finance and Accounting Manager and the incumbent will jointly own clearing the outstanding FS consolidation backlog within an agreed timeline, Balance Sheet integrity across the Group's consolidated entities, and adherence to J-SOX control requirements, in support of the transition of consolidation and controllership activities currently performed by the Company's external audit provider. The role will also support other GL accounting activities to ensure the timely completion of the monthly book close and Financial Statements consolidation. This role offers a defined growth path toward Controllership or Managerial scope, based on demonstrated performance in FS consolidation ownership, technical leadership, and cross team influence.
1. Manage the general ledger and ensure all financial transactions are accurately recorded, properly classified, and supported by complete documentation.
2. Lead the month-end, quarter-end, and year-end closing process, including journal entry review, accruals, prepayments, depreciation, intercompany entries where applicable, and cut-off validation.
3. Ensure the chart of accounts, cost center structure, account mapping, and reporting hierarchies remain accurate and aligned with business, statutory, and group reporting requirements.
4. Review account reconciliations, schedules, and closing files to ensure all balance sheet and P&L accounts are fully supported, investigated, and cleared on a timely basis.
5. Maintain closing calendars, checklists, and service level expectations to ensure timely completion of deliverables across the accounting team and shared stakeholders.
6. Monitor unusual entries, aged balances, unsupported reconciling items, and posting errors, and ensure prompt corrective action.
7. Ensure accounting records and working papers are organized, complete, and readily available for management review, audit, tax examination, and group reporting.
1. Prepare and/or review accurate monthly, quarterly, and annual financial statements, management reports, schedules, and reporting packs.
2. Ensure timely and accurate preparation of the P&L, balance sheet, cash flow support schedules, and related notes or analytical schedules required by management and group reporting.
3. Perform variance analysis against budget, forecast, prior period, and prior year, and explain key movements in revenues, payroll, operating expenses, fixed costs, and other material line items.
4. Validate revenue, cost, and expense recognition to ensure compliance with accounting standards, company policies, and period cut-off requirements.
5. Coordinate with operations and department heads to explain financial results, validate accruals, and improve the quality of submitted information affecting the financial statements.
6. Support preparation of board, owner, or regional reporting materials by providing accurate financial data, schedules, and commentary. 7. Ensure all submitted reports are internally consistent, mathematically accurate, and aligned with ledger balances and approved adjustments.
1. Execute monthly FS consolidation across all Group entities, in close coordination with the Finance and Accounting Manager, including intercompany eliminations, minority interest, investment-in-subsidiary eliminations, and FX translation between functional and presentation currencies.
2. Prepare consolidation adjustments — including purchase accounting entries, goodwill, and equity pickup for associates/joint ventures where applicable — for review and approval by the Finance and Accounting Manager.
3. Support the Finance and Accounting Manager in maintaining the consolidation calendar and ensuring monthly consolidated FS are completed within the Group’s reporting deadline, immediately following entity-level book close.
4. Work jointly with the Finance and Accounting Manager to clear the outstanding FS consolidation backlog (current period: March–June 2026) within the timeline agreed with the Sr. Director of Finance and Accounting.
5. Support the transition of consolidation and controllership deliverables from the external audit/outsourced provider to an internal, sustainable process, including documentation handover, methodology alignment, and knowledge transfer.
6. Assist in building consolidation scope and templates to onboard new entities as the Group’s portfolio grows.
7. Provide support in completing other General Ledger tasks to ensure timely completion of ledger close, consolidation, and account reconciliation.
8. Support the maintenance of the Financial Reporting Control Framework, including Risk and Control Matrices (RCM), J-SOX walkthroughs, and segregation of duties (SoD) across relevant systems and processes, in coordination with the Finance and Accounting Manager
1. Support the Sr. Director of Finance and Accounting in ensuring compliance with Philippine tax and statutory reporting requirements, including BIR-related submissions, schedules, and reconciliations.
2. Review tax-related accounting schedules and supporting documents to ensure amounts reported are traceable to the books and records.
3. Coordinate the timely submission of requirements for VAT, withholding taxes, corporate income tax support schedules, local tax requirements, and other statutory obligations handled by the department.
4. Ensure books, ledgers, reconciliations, invoices, official receipts, contracts, and supporting schedules are maintained in an orderly and audit-ready manner.
5. Support tax audits, statutory audits, and regulatory inspections by preparing schedules, documentary support, account analyses, and responses to finance related queries. 6. Help maintain the documentation discipline required for BIR compliance, external audit, and group control requirements.
1. Maintain and strengthen internal controls over financial reporting, journal approval, account reconciliation, master data changes, and period-end close activities.
2. Support J-SOX or group internal control requirements by preparing narratives, risk and control matrices, evidence files, walkthrough support, and control performance documentation where applicable.
3. Ensure accounting processes are designed and executed with proper authorization, segregation of duties, review controls, and escalation mechanisms.
4. Review the adequacy of accounting controls and identify gaps, recurring issues, and control weaknesses requiring remediation.
5. Recommend and help implement corrective actions to improve controllership, reporting reliability, and audit readiness.
1. Serve as a key accounting lead during internal audit, external audit, tax audit, and ownership or regional reviews.
2. Prepare audit schedules, lead sheet support, roll forwards, reconciliations, sampling support, and documentary requirements in accordance with agreed timelines.
3. Track audit issues, management letter points, and remediation items affecting accounting and reporting, and ensure timely closure.
4. Identify accounting and reporting risks that may affect accuracy, compliance, or timeliness, and escalation material concerns promptly.
5. Support business continuity planning for accounting and reporting processes, including backup files, process documentation, access management, and continuity of critical period-end tasks.
1. Drive process improvements that enhance closing efficiency, reconciliation quality, reporting accuracy, and control effectiveness.
2. Document, update, and help implement accounting policies, SOPs, desk procedures, and reporting guidelines for the department.
3. Identify opportunities for automation, standardization, and better use of ERP, hotel systems, spreadsheets, and reporting tools.
4. Strengthen reporting templates, file retention practices, and documentation standards to support scalability, audit readiness, and management transparency.
5. Participate in system changes, chart of accounts updates, and finance-related projects to ensure accounting requirements are built into processes and controls.
6. Identify automation and standardization opportunities within the close cycle — including ERP configuration, Power Automate, or workflow redesign to reduce manual journal adjustments and process variation.
Handle other tasks and responsibilities analogous to the purpose and reasonable expectations of the job assigned by the immediate superior.
REQUIREMENTS
Bachelor's degree in Accountancy is strongly preferred.
Certified Public Accountant (CPA) is strongly preferred.
At least 5 years of progressive accounting experience, with solid exposure to general ledger management, financial reporting, and period-end close.
Demonstrated hands-on experience of 3-5 years specifically dedicated to group FS consolidation for 5 or a corporate controllership role within a multinational corporate framework, shared services center or accounting audit firm.
Direct hands‑on experience clearing a multi‑month consolidation or reporting backlog.
Significant exposure supporting the transition of consolidation, controllership, or reporting work from an external audit or outsourced provider to in‑house.
Experience working as a technical peer to an external audit firm (Big 4 or equivalent), not solely as a preparer responding to audit requests.
Prior experience in hospitality, hotels, real estate, retail, shared services, or multi entity environments is an advantage; budget hotel experience is a strong plus.
Strong working knowledge of Philippine Financial Reporting Standards / IFRS-based standards, Philippine taxation fundamentals, statutory reporting, and accounting controls.
Strong understanding of general ledger structure, reconciliations, financial statement preparation, and management reporting.
Exposure to audit coordination, documentation governance, internal controls, and process improvement.
Experience supporting Japan-headquartered, multinational, or highly controlled environments is an advantage, including exposure to J‑SOX‑related documentation or testing support.
Proficient in Excel and accounting / ERP systems; able to work with large data sets, schedules, and structured reporting packs.
Strong written and verbal communication skills, with the ability to explain financial information clearly and concisely.
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