Finance Staff

FURUKAWA ELECTRIC THERMAL MANAGEMENT SOLUTIONS AND PRODUCTS LAGUNA, INC.; Laguna; On-site; PHP 391,000 - 614,000; Full time

Job summary

FURUKAWA ELECTRIC THERMAL MANAGEMENT SOLUTIONS AND PRODUCTS LAGUNA, INC. is seeking a Finance and Accounting Staff to support daily financial operations, including accounts payable, reporting, and compliance.

The role emphasizes accuracy, collaboration with departments, and adherence to government regulations. The successful candidate will handle AP vouchers, monthly reports, import duties, tax withholding, and asset management, while coordinating with the tax advisor and supervisor to ensure

Qualifications

• Bachelor’s degree in Accountancy, Finance, or related field.
• 1-2 years in finance/accounting, preferably in manufacturing.
• Experience in accounts payable and receivable processes, including invoice verification, payment processing, and financial record management.
• Familiarity with government compliance and regulatory requirements, particularly tax filings and business permits.
• Proficiency in accounting software (MC Frame) and Excel.
• Exposure to asset management processes, including inventory tracking and documentation of asset disposal or scrap processes.

Responsibilities

• Process accounts payable (AP) vouchers, ensuring all documentation is complete and accurate for approval.
• Generate monthly purchase reports to monitor spending and budget adherence.
• Collaborate with departments to verify necessary documentation for purchase requests.
• Ensure accurate calculation and timely remittance of duties and taxes related to imports and non-customs value (NCV) items.
• Prepare and issue certificates of creditable tax withheld at source (BIR Form 2307) for collections.
• Coordinate with the tax advisor for compliance with local and national tax regulations.
• Schedule and execute weekly cheque collections every Friday, preparing necessary documentation in advance.
• Monitor and reconcile payments received, promptly addressing discrepancies with suppliers.
• Maintain a prepaid schedule and conduct monthly accrual entries for expenses.
• Implement procedures for accurate inventory tracking and reporting. Regularly check and respond to emails related to finance and accounting queries from suppliers and colleagues.
• Act as a point of contact for inquiries regarding purchase requests and payment status.
• Work closely with the Finance and Accounting Supervisor to align with departmental goals.

Skills

Accounts payable

Accounts receivable

Financial reporting

Tax compliance

Excel

MC Frame

Inventory management

Audit support

Education

Bachelor’s degree in Accountancy, Finance, or related field

Tools

MC Frame

Job description

Job Summary

The Finance and Accounting Staff plays a crucial role in supporting the financial operations of the company. This position involves managing accounting functions, ensuring compliance with government regulations, and overseeing asset management. The ideal candidate will possess strong analytical skills, attention to detail, and the ability to collaborate effectively with various departments.

Scope and Responsibilities

Finance and Accounting Management

• Process accounts payable (AP) vouchers, ensuring all documentation is complete and accurate for approval.
• Generate monthly purchase reports to monitor spending and budget adherence.
• Collaborate with departments to verify necessary documentation for purchase requests.
• Ensure accurate calculation and timely remittance of duties and taxes related to imports and non-customs value (NCV) items.
• Prepare and issue certificates of creditable tax withheld at source (BIR Form 2307) for collections.
• Coordinate with the tax advisor for compliance with local and national tax regulations.
• Schedule and execute weekly cheque collections every Friday, preparing necessary documentation in advance.
• Monitor and reconcile payments received, promptly addressing discrepancies with suppliers.
• Maintain a prepaid schedule and conduct monthly accrual entries for expenses.
• Implement procedures for accurate inventory tracking and reporting. Regularly check and respond to emails related to finance and accounting queries from suppliers and colleagues.
• Act as a point of contact for inquiries regarding purchase requests and payment status.
• Work closely with the Finance and Accounting Supervisor to align with departmental goals.

Government and Regulatory Compliance

• Prepare and submit import documentation monthly, ensuring compliance with relevant regulations.
• Liaise with customs officials as necessary to facilitate smooth import processes.
• Assist in preparing financial reports required by government agencies, ensuring timely submission and accuracy.
• Stay informed about regulatory changes affecting financial reporting and compliance.
• Organize and manage all financial documents for audits and inspections.
• Maintain compliance with data retention policies for secure storage and disposal of outdated documents.

Asset Management

• Implement procedures for tagging and verifying inventory assets and raw materials, ensuring accurate record-keeping.
• Conduct regular audits of inventory to identify discrepancies.
• Oversee scrap witnessing and filing of related documentation for compliance.
• Evaluate scrap material regularly for proper disposal or resale.
• Maintain a systematic filing system for financial documents, ensuring ease of access for audits and reviews.
• Create and maintain an electronic database for financial records to improve efficiency.

Other Related Tasks

• Perform additional duties as assigned to support the Finance and Accounting team and ensure efficient operations.
• Assist with special projects or initiatives related to Finance and Accounting team as needed.

Qualifications

• Bachelor’s degree in Accountancy, Finance, or a related field
• Minimum of 1-2 years of experience in finance and accounting roles, preferably within a corporate or manufacturing environment.
• Experience in accounts payable and receivable processes, including invoice verification, payment processing, and financial record management.
• Familiarity with government compliance and regulatory requirements, particularly in relation to tax filings and business permits.
• Proven track record of performing bank reconciliations and managing financial transactions accurately.
• Experience with accounting software (e.g., MC Frame) and proficiency in Microsoft Excel for data management and reporting.
• Exposure to asset management processes, including inventory tracking and documentation of asset disposal or scrap processes, is a plus.