Finance Manager

Precast and Construction Solutions by Megawide - CELS; Rizal; On-site; PHP 781,200 - 1,004,400; Full time

Job summary

A leading construction company in Nueva Ecija is seeking an experienced accounting manager to oversee financial operations, ensure compliance, and manage both the billing and accounts payable processes. Ideal candidates should possess a BS Accountancy degree and CPA license, along with at least five years in a managerial role. This position offers an opportunity to streamline financial processes and collaborate across departments for enhanced efficiency.

Qualifications

• Graduate of BS Accountancy.
• CPA License required.
• At least 5 years in a managerial position with 15 years in the construction or manufacturing industry.

Responsibilities

• Ensure adherence to internal controls and accounting regulations.
• Manage and resolve accounting issues with vendors.
• Oversee accurate processing of invoices and payment requests.
• Supervise the billing team for accuracy and efficiency.
• Assist with month-end and year-end closing activities.
• Prepare financial statements and analyze financial information.

Skills

Managerial experience

Accounting processes

Financial analysis

Vendor management

Education

BS Accountancy

CPA License

Tools

SAP

Job description

Job Qualifications

• Graduate of BS Accountancy
• CPA License required
• At least 5 years in Managerial position, and total of 15 years experience in Construction or Manufacturing industry.

Job Description

PAYMENT PROCESSING

• Ensure adherence to internal controls, company policies, and accounting regulations, implementing changes as necessary to improve compliance and efficiencyli>
• Manage and resolve accounting issues with internal and external customers; reconcile vendor account statements.
• Assess the efficiency and effectiveness of the current process to streamline workflow through maximization, outsourcing, and technology; develop, implement and communicate process improvements; maintain documentation of all departmental procedures.
• Review the Accounts Payable Voucher and check all expenses are posted in proper GL accounts.
• Oversee the accurate and timely processing of vendor invoices, expense reports, and payment requests, ensuring proper coding and authorization.
• Maintain positive relationships with vendors, addressing any payment inquiries, discrepancies, or issues in a professional manner.
• Collaborate with other departments, such as procurement and finance, to resolve payment issues and ensure smooth workflow.
• Assist with month‑end and year‑end closing activities, audits, and reconciliations to ensure accurate financial reporting.

BILLING AND COLLECTION

• Supervise and manage the billing team, providing guidance and support to ensure the accuracy and efficiency of billing processes.
• Monitor and maintain client accounts, ensuring that all billing records are up to date and accurately reflect the services provided.
• Develop and implement billing strategies and best practices to optimize efficiency and improve the accuracy of billing processes.
• Provide customer support to customers with disputes or inquiries concerning invoices or billing process.
• Coordinate with customers regarding outstanding accounts receivables balances which may involve executing default process.
• Maintain a motivated and high‑performing staff (by having complete/full job knowledge, proper coaching to improve the competence and skills of the staff, effective supervision, continuing self‑improvement, and importantly, being a role model to employees, etc.).
• Recommend strategies and procedures, if needed, to further improve collection functions to ensure collection targets are achieved.
• Collaborate with other departments, such as finance and customer service, to ensure that billing processes are aligned with overall business objectives and customer satisfaction goals.

GENERAL ACCOUNTING

• Observes and strictly implements the policy of Petty cash fund manual.
• Updates expense summary of PCF on a weekly basis and keeps record of historical PCF expenses.
• Review the petty cash advances of employees and ensure that it is liquidated within the agreed timeline.
• Update the cash position report for payment proposal and forecast of disbursement.

ASSET AND INVENTORY MANAGEMENT

• Validates all adjustments in SAP related to depreciation and assets are properly recorded.
• Validates that assets recorded in the books are reconciled with physical inventories, make recommendations and adjustments in case of variances.
• Resolves any resulting discrepancy discovered during reconciliation of fixed assets general ledger accounts.
• Review and validates the retirement of assets.
• Review the capitalization of new acquired assets.
• Review monthly lapsing schedule.

TAX AND STATUTORY COMPLIANCE

• Provide necessary reports for tax compliance purposes and statutory reports of FR Team.
• Ensure timely and accurate remittances of VAT, EWT, Compensation, SSS, PHIC, HDMF and other government regulatory requirements.

CASH AND TREASURY MANAGEMENT

• Controls and manages cash disbursement activities to ensure smooth cash flow management.
• Assists in preparing forecast related to cash movements.
• Prepare and monitor company's various cash flow forecasts and perform financial modeling.
• Develops and strengthen relationship with various bank and payment partners.

FINANCIAL REPORTING

• Assist in preparing the financial statements monthly, including: income statement, balance sheet, and statement of cash flows.
• Interpret and analyze financial information posted to general ledger accounts.
• Maintain confidentiality of the financial data.
• Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations.
• Track and analyze cash inflows and outflows to help identify current and future cash flow risks.

INTERNAL AND EXTERNAL AUDIT COMPLIANCE

• Ensure that schedules needed for external reporting are available and submitted on time.
• Prepares the external reports which involves financial information to be distributed to parties outside the organization.
• Monitoring of clearing accounts and preparation of any elimination entries every quarter.
• Provide assistance to external auditors for any requirements or documents needed during audit.
• Prepares periodic submission of monthly, quarterly, and annual BIR compliances in a timely manner.

BUDGET AND COST ANALYSIS

• Data gathering of budget from different departments.
• Preparation and presentation of financial budget such as P&L, Cashflow and balance sheet.
• Updating the financial portion of balance score card.
• Monitors budget through monthly variance analysis.

INVESTMENT PLANNING

• Preparation of business case.
• Model out business scenarios and track performance metrics.
• Update price list and cost sheet standardization.