General Accounting Associate

Cepat Kredit Financing Inc; Pasig; On-site; PHP 279,000 - 390,600; Full time

Job summary

A financial services firm in Metro Manila is seeking a Junior Accountant to handle bank reconciliations and transaction verifications. The ideal candidate will hold a Bachelor's degree in Accounting or a related field, and possess strong analytical skills and proficiency in Microsoft Excel. You will collaborate with internal departments to resolve discrepancies and assist in month-end financial close.

Qualifications

• Bachelor's degree in accountancy, Management Accounting, or related field.
• Basic understanding of accounting principles.
• Proficient in Microsoft Office, especially Excel.

Responsibilities

• Prepare bank reconciliation reports regularly.
• Investigate discrepancies between company records and bank statements.
• Collaborate with internal teams to resolve discrepancies.

Skills

Analytical skills

Proficiency in Microsoft Excel

Attention to detail

Banking terminology knowledge

Education

Bachelor's degree in accountancy or finance-related course

Job description

Key Requirements

• Bachelor's degree in accountancy, Management Accounting, or any other accounting or finance related course
• Basic understanding of accounting principles for cash transactions
• Strong critical and analytical skills to investigate and resolve discrepancies between bank statements and company records
• Proficient in Microsoft Office such as Excel for managing data, using formulas, pivot tables, and VLOOKUP for reconciliation tasks
• Strong attention to detail to ensure accuracy when reconciling bank transactions, verifying balances, and identifying discrepancies
• Ability to clearly explain reconciliation issues and work collaboratively with other departments to resolve problems
• Familiarity with banking terminology and processes (e.g., deposits, withdrawals, interest, bank charges, and transfers)
• Ability to track and reconcile various types of banking transactions, ensuring all are recorded accurately in the company’s accounts

Key Responsibilities

• Bank Reconciliation
• Prepare daily, weekly and monthly bank reconciliation reports, summarizing any differences, and ensuring that all discrepancies are explained and resolved
• Identify discrepancies between the company’s records and bank statements, investigate the cause of differences, and resolve issues promptly
• Transaction Verification
• Ensure that all payments and receipts are properly reflected in the accounting system and are in line with bank records
• Track disbursements reflected in bank statement as well as outstanding checks and ensure they are appropriately accounted for
• Maintain Communication with Internal Teams
• Collaborate with internal departments (e.g., Disbursement Team, Treasury Department) to resolve discrepancies related to missing payments, deposits, or bank fees
• Work closely with the finance team to ensure that any adjustments or issues found during reconciliation are promptly addressed and recorded
• Investigate and Resolve Discrepancies
• Investigate any discrepancies or errors identified in the bank reconciliation process, such as missing transactions, incorrect amounts, or timing issues
• Reporting and Documentation
• Document and maintain reconciliation records for audit purposes, ensuring compliance with accounting policies and regulatory standards
• Assist with Month-End and Year-End Close
• Support the month-end and year-end closing processes by ensuring all bank transactions are reconciled and posted on time
• Assist in preparing financial statements by providing accurate reconciled bank account balances for inclusion in reports

Job Types: Full-time, Permanent, Fresh graduate