General Ledger Accountant

XP Power LLC; Philippines; On-site; PHP 600,000 - 800,000; Full time

Benefits offered by this job

Safe and healthy working environment

Collaborative workspace

Equal opportunities employer

Job summary

XP Power LLC is seeking a General Ledger Accountant in the Philippines to maintain the accuracy of the company's general ledger and support timely financial reporting. The role involves journal entries, account reconciliations, and variance analysis, playing a key part in month-end and year-end processes.

The ideal candidate should have a Bachelor’s degree in accounting or finance, along with 2–3 years of relevant experience, ideally in a multinational environment. Familiarity with SAP and understanding of US GAAP or IFRS is essential.

Qualifications

• 2–3 years of general ledger or core accounting experience.
• Experience in a multinational or manufacturing environment preferred.
• Understanding of US GAAP and/or IFRS.

Responsibilities

• Maintain the accuracy and integrity of the company's general ledger.
• Prepare and post standard and adjusting journal entries.
• Support month-end and year-end close activities.
• Perform balance sheet account reconciliations.
• Ensure compliance with accounting policies and internal controls.

Skills

Attention to detail

Analytical skills

Communication skills

Collaboration

Education

Bachelor’s degree in accounting or finance

Tools

SAP

Excel

Job description

XP Power is a global leader in providing essential power solutions to the Industrial Technology, Healthcare and Semiconductor Manufacturing Equipment sectors. We design and manufacture power controllers, the essential hardware component in every piece of electrical equipment that converts power from the electricity grid into the right form for equipment to function. Listed as a FTSE 250 company on the London Stock Exchange we are a fast-growing business, serving our global blue‑chip customer base from 29 locations across Europe, North America, and Asia. We are extremely proud and committed to our culture that values Customer Focus, Flexibility, Knowledge, Speed, and Integrity. Joining our team means you’ll work in a high performing global organisation where employees collaborate, and strive to make XP Power the first-choice power solutions provider delivering the ultimate experience for our customers and our people.

Job Description

KEY RESPONSIBILITIES

The General Ledger (GL) Accountant is responsible for maintaining the accuracy and integrity of the company’s general ledger and supporting timely, compliant financial reporting. This role owns journal entries, account reconciliations, accruals, and variance analysis, and plays a key role in month‑end and year‑end close processes.

The GL Accountant works closely with AP, AR, Payroll, FP&A to ensure complete and accurate financial records in accordance with IFRS, company accounting policies, and internal control requirements.

General Ledger & Close

• Prepare and post standard and adjusting journal entries (accruals, prepaids, reclasses, allocations)
• Support month‑end, quarter‑end, and year‑end close activities in accordance with the close calendar
• Maintain accurate balances across GL accounts and ensure timely resolution of reconciling items
• Perform balance sheet account reconciliations with appropriate supporting documentation

Accounting Areas

• Fixed Assets and Intangible Assets (capitalization, depreciation, amortization, disposals)
• Prepaids, accruals, GR/IR, leasing and operating expense accounts
• Lead intercompany invoice posting, variance analysis, and reconciliation of all intercompany balances
• Perform GR/IR (goods receipt/invoice receipt) clearing three times per month
• Support transfer pricing calculation
• Support the periodic fixed assets review process; track fixed asset email requests received in the inbox; and coordinate asset information updates in SAP

Analysis & Reporting

• Perform variance analysis versus prior period, investigate and explain fluctuations
• Assist with cash, net debt, and working capital analysis as required

Controls, Audit & Compliance

• Ensure compliance with accounting policies, internal controls, and documentation standards
• Support external audits, internal audits, and statutory reporting by providing schedules and explanations
• Participate in process reviews to strengthen controls and improve close efficiency

Systems & Process Improvement

• Prepare and review postings in SAP (S/4HANA)
• Support process improvement initiatives within Record‑to‑Report (R2R)
• Assist with system enhancements, new account setup, and master data maintenance as required
• Leverage AI for process and efficiency improvement

Qualifications

Key Qualifications and Skills

Education & Experience

• Bachelor’s degree in accounting or finance
• 2–3 years of general ledger or core accounting experience
• Experience in a multinational or manufacturing environment preferred

Technical Skills

• Experience with SAP or equivalent ERP systems
• Understanding of US GAAP and/or IFRS
• Intermediate to advanced Excel skills (reconciliations, pivots, analysis)

Core Competencies

• Strong attention to detail and ownership mindset
• Ability to work independently and meet close deadlines
• Clear written and verbal communication skills
• Analytical and problem‑solving capability
• Ability to collaborate effectively across Finance and Operations

Benefits

XP Power provides a safe and healthy working environment that is stimulating and collaborative, where employees are empowered to make a real difference.

XP Power is an equal opportunities employer. We are committed to creating an environment where people are valued, supported and nurtured to deliver their best. Operating globally, we celebrate the cultural differences that exist in the countries in which we do business. By cultivating the ultimate experience for all our people, we deliver the same to our customers.