Finance Manager

MSN Laboratories; Philippines; On-site; PHP 700,000 - 1,000,000; Full time

Job summary

MSN Laboratories in the Philippines is seeking a diligent finance professional to manage the end-to-end accounting and finance activities of the company.

You will ensure accurate books, perform monthly closings, coordinate payroll, tax compliance, and regulatory filings, and provide timely reports to management. This role requires collaboration with warehouse, sales, and regional finance teams to maintain strong internal controls.

Qualifications

• Manage end-to-end accounting and finance activities.
• Monthly closings and financial statements.
• Tax filings and regulatory compliance.
• Coordinate with internal teams for reporting.
• Maintain inventory and revenue recognition.

Responsibilities

• Manage end-to-end accounting and finance activities.
• Record and review day-to-day accounting transactions, including purchases, sales, receipts, payments, journals and accruals.
• Ensure proper accounting of import purchases, customs duties, freight, inventory and related costs.
• Perform monthly account reconciliations, including bank, vendor, customer and intercompany balances.
• Ensure timely month-end and year-end closing of books.
• Review and process vendor invoices and ensure timely payments.
• Coordinate payroll processing and ensure timely salary payments and statutory deductions.
• Prepare monthly Profit & Loss, Balance Sheet and Trial Balance.
• Prepare monthly management reports and MIS within agreed timelines.
• Provide analysis of sales, gross margin, operating expenses, working capital and profitability.
• Prepare budget vs. actual analysis and highlight significant variances.
• Provide financial information and analysis to management and the Regional Finance Team.

Skills

Accounts Payable

Accounts Receivable

General Ledger

Financial Reporting

Tax Compliance

Internal Controls

Education

Bachelor's in Accounting

Tools

ERP System

MS Excel

Job description

• Manage the end-to-end accounting and finance activities of the company.
• Maintain accurate and complete books of accounts in accordance with applicable accounting standards and company policies.
• Record and review day-to-day accounting transactions, including purchases, sales, receipts, payments, journals and accruals.
• Ensure proper accounting of import purchases, customs duties, freight, inventory and related costs.
• Perform monthly account reconciliations, including bank, vendor, customer and intercompany balances.
• Ensure timely month-end and year-end closing of books.

2. Accounts Payable & Payments

• Review and process vendor invoices and ensure timely payments.
• Verify invoices against purchase orders, supporting documents and agreed commercial terms.
• Process employee expense claims and reimbursements.
• Coordinate payroll processing and ensure timely salary payments and statutory deductions.
• Maintain proper documentation and approval controls for all payments.
• Monitor sales transactions and ensure timely and accurate recording of revenue.
• Monitor Accounts Receivable, customer balances and collections.
• Prepare and monitor ageing reports and follow up on overdue receivables.
• Maintain accurate inventory records and reconcile inventory with accounting records.
• Monitor inventory movements, purchases, sales, stock adjustments and inventory valuation.
• Coordinate with warehouse/sales teams for periodic inventory reconciliation and physical stock counts.
• Prepare monthly Profit & Loss, Balance Sheet and Trial Balance.
• Prepare monthly management reports and MIS within agreed timelines.
• Provide analysis of sales, gross margin, operating expenses, working capital and profitability.
• Prepare budget vs. actual analysis and highlight significant variances.
• Provide financial information and analysis to management and the Regional Finance Team.
• Ensure timely submission of monthly financial information to the Group/Regional Finance team.

5. Tax & Statutory Compliance

• Ensure timely preparation, filing and payment of applicable BIR tax returns and tax liabilities.
• Monitor withholding tax, VAT and other applicable Philippine taxes.
• Ensure timely remittance of employee and employer statutory contributions, including SSS, PhilHealth and Pag-IBIG/HDMF.
• Maintain proper tax records and supporting documentation.
• Monitor changes in Philippine tax and regulatory requirements and ensure implementation of applicable changes.
• Coordinate with external tax consultants on tax compliance and tax-related matters.

6. Audit & Regulatory Compliance

• Coordinate with external auditors for annual statutory audit.
• Ensure timely preparation and submission of audit schedules, supporting documents and financial information.
• Ensure timely completion of audited financial statements and applicable regulatory filings.
• Coordinate with BIR, SEC and other applicable government authorities, as required.
• Track statutory compliance calendars and ensure there are no missed filing/payment deadlines.
• Assist management in responding to audit queries and resolving audit observations.

7. Internal Controls & Compliance

• Establish and maintain appropriate financial controls over accounting, payments, inventory and receivables.
• Ensure proper segregation of duties and approval processes.
• Identify financial and compliance risks and recommend corrective actions.
• Ensure proper maintenance and retention of accounting and statutory records.
• Support implementation and maintenance of the company's accounting software/CAS and related finance processes.

8. Stakeholder & Consultant Coordination

• Coordinate with internal stakeholders including Sales, Supply Chain, HR, Regulatory and Management teams.
• Coordinate with external auditors, tax consultants, accounting advisors, banks and other service providers.
• Coordinate with the India/Regional Finance Team on reporting, accounting, tax, intercompany and compliance matters.

Provide timely responses to queries from management and the Group Finance Team.