Finance Officer

Philippine Business for Social Progress; Mandaluyong; On-site; PHP 480,000 - 720,000; Full time

Job summary

Philippine Business for Social Progress (PBSP) is seeking a Finance Officer based in Mandaluyong to implement finance functions across financial reporting, funds management, and regulatory compliance. The role supports management with timely financial information and ensures alignment with PBSP policies and donor requirements.

The assignment is a fixed-term engagement until December 2026, requiring a degree in Accountancy and at least 5 years in accounting.

Qualifications

• Bachelor’s degree in Accountancy or related field.
• At least 5 years’ experience in general accounting or 3 years in accounting of similar organization.
• Strong analytical and communication skills with computer literacy.

Responsibilities

• Implements finance functions in financial reporting and funds management.
• Ensures compliance with regulatory requirements and prepares accurate financial reports.
• Maintains filing system and assists external auditors in the audit of handled accounts.
• Performs monthly bank and fund reconciliations and reviews journal entries.
• Provides analysis of handled accounts and recommendations for management.

Skills

Computer literacy

Analytical skills

Communication skills

Education

Bachelor’s degree in Accountancy or related field

Job description

Philippine Business for Social Progress (PBSP) is the largest business-led non-governmental organization (NGO) in the Philippines, established in 1970 to lead the private sector’s efforts in poverty reduction. Founded by 50 business leaders, it encourages companies to fulfill their corporate social responsibility (CSR) by pooling resources and expertise to support sustainable development.

Assignment: Mandaluyong, NCR

Contract duration: Until December 2026 only

ROLE SUMMARY

Effectively implements finance functions in the areas of financial reporting and funds management, financial risk management, financial accounting and legal and regulatory compliance requirements summarized thru the preparation of accurate and timely financial reports of accounts managed. Provides the foundation / management and funding agencies with significant information, including analysis and interpretation of financial transactions that are in conformity with the policies, systems and procedures of the foundation and the funding agencies.

DUTIES AND RESPONSIBILITIES

Management Financial Reporting and Analysis

• Provides timely, accurate and analytical reports of handled accounts to help management in their decision-making process.
• Specific reports (as applicable or assigned) contain relevant information and analysis that facilitates decision making.

Funds Management

• Ensures fund releases according to PBSP operating policies and Program Plan of Action (PPOA) stipulation.
• Monitors fund and budget balances to ensure project and general expenditures are within approved budget and fund availability including monitoring of bridge finance.
• Coordinates with program staff / operating units on financial systems and procedures for handled accounts, on reports, on needed information, on schedules and on allocation and disbursements of project funds / approved budgeted expenditures.
• Generates, prepares and checks monthly Budget Performance Reports (BPRs) and other related schedules / reports as required by management / units / funding agencies and provides significant information and analysis of handled accounts. Ensures that said reports are submitted on a timely basis to immediate superior and management
• Prepares analysis of handled accounts overall performance and renders appropriate recommendations for management action.
• Reconciles accounts with records of regional / field offices where applicable for handled projects and other accounts as assigned and ensures immediate disposition of reconciling items noted.
• Reviews or approves recorded transactions from source documents (Official Receipt / Check Voucher).
• Makes thorough verification of all transactions in relation to: funds/ budget availability, accuracy of charging, authority / approval, mathematical accuracy, validity and completeness of supporting documents.
• Updates on a regular basis the computerized financial accounting system (GL / FL system).
• Reviews and validates journal entries for handled accounts as a result of review and analysis made.
• Updates and prepares transaction listings, subsidiary ledgers / records of handled accounts (restricted / fund / budget balances, receivables, payables etc) and reconciles them with balances of the general ledger control accounts and disposes reconciling items on a timely basis.
• Reviews monthly bank and fund / bank reconciliation statements on handled bank accounts.
• Ensures compliance with institutional external audit requirements.
• Ensures review and validation of project audit reports.
• Ensures verified transactions are in compliance with tax laws and regulations / grant agreements.

Others

• Maintains an organized filing system for documents / records / reports related to handled accounts and inconformity with unit filing system.
• Provides direct assistance to external auditors in the audit of handled accounts for its timely completion and appropriate disposition of findings.
• Identifies areas for improvement or enhancement of financial policies, systems and procedures and recommends the same to the SFO and / or Finance Manager (FM).
• Performs other tasks that may be assigned from time to time by the immediate supervisor and/or management.

MINIMUM QUALIFICATION

Education

• Bachelor’s degree in Accountancy or related course/program

Experience

• At least 5 years’ experience in general accounting or 3 years in accounting of similar organization

Skills

• Computer literate; Good analytical, communication skills