Senior Accounting Associate

BDO CMC; Philippines; On-site; PHP 446,000 - 737,000; Full time

Job summary

BDO CMC in the Philippines is seeking an experienced accounting professional to supervise general ledger entries, subsidiary ledgers, and reconciliations, while overseeing daily bookkeeping, payroll, and internal controls. The role includes coordinating with auditors, supporting budgeting and forecasting, and implementing automation to improve processes.

The ideal candidate will ensure accurate financial reporting under PFRS, maintain audit-ready documentation, and stay current with tax

Responsibilities

• Supervise the preparation and maintenance of accurate general ledger entries, subsidiary ledgers, schedules, and account reconciliations.
• Oversee day-to-day bookkeeping functions, including recording of financial transactions, posting to ledgers, and maintaining up-to-date and organized accounting records.
• Ensure accurate and timely recording of revenues, expenses, assets, liabilities, and equity in accordance with accounting policies and procedures.
• Maintain complete and systematic records of all financial transactions to ensure the integrity of the company’s accounting system.
• Review and consolidate monthly, quarterly, and annual financial reports in accordance with Philippine Financial Reporting Standards (PFRS).
• Prepare detailed financial statements, including: Statement of Financial Position; Statement of Comprehensive Income; Statement of Changes in Equity; Statement of Cash Flows.
• Monitor and ensure timely closing of books, accurate journal entries, and adherence to internal controls.
• Conduct regular reviews of accounting entries to ensure accuracy and proper classification.
• Oversee payroll processing, employee benefits, government contributions, and other recurring financial transactions.
• Coordinate with external and internal auditors during audits and ensure timely submission of required documents and audit schedules.
• Support budget planning, financial forecasting, and variance analysis to assist management in strategic financial decision-making.
• Identify opportunities for automation and improvement in accounting and bookkeeping processes and implement best practices.
• Tax Compliance & Advisory: Conduct detailed reviews of financial records to ensure accuracy and full compliance with Philippine tax regulations.
• Prepare and file accurate and timely tax returns, including income tax, VAT, withholding tax, and other applicable taxes.
• Provide tax planning and advisory services to minimize tax liabilities within the bounds of Philippine law.
• Interpret and apply relevant BIR rulings, tax laws, and regulatory issuances to guide internal decisions and advise clients or departments.
• Work with senior tax professionals to address complex tax issues and support in structuring effective tax strategies.
• Maintain comprehensive documentation of tax filings, payments, and correspondences for audit readiness.
• Engage with clients or internal departments to gather tax-related documentation and provide professional responses to inquiries.
• Stay updated on changes in the Philippine tax landscape and communicate implications to relevant stakeholders.
• Support audit engagements by compiling necessary tax-related reports and documentation.
• Supervise junior accountants, bookkeepers, and support staff, providing mentorship, performance feedback, and on-the-job training.
• Collaborate across departments to ensure timely and complete accounting inputs and tax-related data.
• Ensure proper segregation of duties and internal controls across accounting and bookkeeping functions.
• Participate in special projects and process improvement initiatives as assigned by management.

Job description

• Supervise the preparation and maintenance of accurate general ledger entries, subsidiary ledgers, schedules, and account reconciliations.
• Oversee day-to-day bookkeeping functions, including recording of financial transactions, posting to ledgers, and maintaining up-to-date and organized accounting records.
• Ensure accurate and timely recording of revenues, expenses, assets, liabilities, and equity in accordance with accounting policies and procedures.
• Maintain complete and systematic records of all financial transactions to ensure the integrity of the company’s accounting system.
• Review and consolidate monthly, quarterly, and annual financial reports in accordance with Philippine Financial Reporting Standards (PFRS).
• Prepare detailed financial statements, including:
• Statement of Financial Position
• Statement of Comprehensive Income
• Statement of Changes in Equity
• Statement of Cash Flows
• Monitor and ensure timely closing of books, accurate journal entries, and adherence to internal controls.
• Conduct regular reviews of accounting entries to ensure accuracy and proper classification.
• Oversee payroll processing, employee benefits, government contributions, and other recurring financial transactions.
• Coordinate with external and internal auditors during audits and ensure timely submission of required documents and audit schedules.
• Support budget planning, financial forecasting, and variance analysis to assist management in strategic financial decision-making.
• Identify opportunities for automation and improvement in accounting and bookkeeping processes and implement best practices.

Tax Compliance & Advisory

• Conduct detailed reviews of financial records to ensure accuracy and full compliance with Philippine tax regulations.
• Prepare and file accurate and timely tax returns, including income tax, VAT, withholding tax, and other applicable taxes.
• Provide tax planning and advisory services to minimize tax liabilities within the bounds of Philippine law.
• Interpret and apply relevant BIR rulings, tax laws, and regulatory issuances to guide internal decisions and advise clients or departments.
• Work with senior tax professionals to address complex tax issues and support in structuring effective tax strategies.
• Maintain comprehensive documentation of tax filings, payments, and correspondences for audit readiness.
• Engage with clients or internal departments to gather tax-related documentation and provide professional responses to inquiries.
• Stay updated on changes in the Philippine tax landscape and communicate implications to relevant stakeholders.
• Support audit engagements by compiling necessary tax-related reports and documentation.
• Supervise junior accountants, bookkeepers, and support staff, providing mentorship, performance feedback, and on-the-job training.
• Collaborate across departments to ensure timely and complete accounting inputs and tax-related data.
• Ensure proper segregation of duties and internal controls across accounting and bookkeeping functions.
• Participate in special projects and process improvement initiatives as assigned by management.