Internal Finance Associate

Payreto; Makati; On-site; PHP 357,120 - 502,200; Full time

Benefits offered by this job

Competitive Salary Packages

Professional Development Opportunities

Hybrid Work Setup

Equipment Provided

Day 1 HMO

Life Insurance

Job summary

A financial services firm in the Philippines is seeking a Finance Associate responsible for managing accounts receivable and payable, optimizing cash flow, and conducting financial analysis. The ideal candidate should have a Bachelor's degree in Accounting or Business Administration and strong analytical and communication skills. This position offers a competitive salary, professional development opportunities, and a hybrid work setup, ensuring a comprehensive financial management experience.

Qualifications

• Bachelor’s degree in Accounting or Business Administration.
• Above average English verbal and written communication skills.
• Strong understanding of payroll and accounting principles.

Responsibilities

• Manage accounts receivable and accounts payable processes.
• Optimize cash flow and conduct financial reporting.
• Implement process improvements for financial operations.

Skills

Analytical Skills

Attention to detail

Communication

Payroll Expertise

Data Management

Accounting Knowledge

Education

Bachelor’s Degree in Accounting, Business Administration, or equivalent

Job description

Position Overview

The Finance Associate will be responsible for managing and processing accounts receivable and accounts payable, optimizing cash flow, conducting collections, and providing detailed financial reporting and analysis. This role requires strong analytical skills and a proactive approach to process improvement to ensure the efficiency and accuracy of financial operations.

What We Offer

• Competitive Salary Packages
• Professional Development Opportunities
• Hybrid Work Setup
• Equipment Provided
• Day 1 HMO
• Life Insurance

WHAT WILL YOU DO?

Accounts Receivable

• Process and post incoming payments accurately and timely
• Monitor aging reports and follow up on overdue accounts
• Communicate with customers to resolve billing issues and ensure timely collections

Accounts Payable

• Process vendor invoices and payments in accordance with company policies
• Reconcile vendor statements and resolve discrepancies
• Ensure all payments are processed within payment terms to optimize cash flow

Cash Flow Optimization

• Monitor daily cash flow activities and ensure adequate liquidity for operations
• Assist in developing cash flow forecasts to support business needs
• Identify opportunities for improving cash flow management practices

Collections

• Manage the collections process for overdue accounts
• Develop strategies for timely and effective collections
• Maintain strong relationships with clients to minimize outstanding receivables

Financial Reporting and Analysis

• Assist in preparing financial statements, including balance sheets and income statements
• Conduct variance analysis and provide insights into financial performance
• Generate reports on AR/AP aging, cash flow, and collection performance

Process Improvement

• Identify inefficiencies in AR/AP processes and recommend improvements
• Collaborate with other departments to streamline financial workflows
• Implement best practices to enhance financial controls and reporting accuracy

Data Management

• Manage and maintain finance-related data
• Ensure data integrity, accuracy, and confidentiality

General Ledger Management

• Assist in journal entries, account reconciliations, and ledger maintenance
• Ensure compliance with internal policies and accounting standards

Other Responsibilities

• Execute additional tasks as assigned by the immediate supervisor/manager, demonstrating flexibility and adaptability
• Be available to extend work hours when necessary to meet deadlines and fulfill organizational needs

WHAT SHOULD YOU HAVE?

• Bachelor’s Degree in Accounting, Business Administration, or any equivalent degree
• Above average English verbal and written communication skills
• Payroll Expertise
• Accounting Knowledge
• Compensation and Benefits
• Data Management
• Attention to detail
• Analytical Skills
• Confidentiality
• Communication