Senior Staff Accountant

Sourcefit; Quezon City; On-site; PHP 450,000 - 750,000; Full time

Job summary

Sourcefit is seeking a Senior Staff Accountant to support corporate accounting, focusing on ASC 842 lease accounting, cash reconciliations, and month-end close. You will work closely with the Corporate Accounting team to ensure accuracy, timeliness, and compliance with U.S. GAAP and company policies.

Onsite roles are available in Manila or Cebu, with standard hours and alignment to Philippine holidays. This position requires meticulous attention to detail and strong collaboration with treasury,

Qualifications

• Experience with ASC 842 lease accounting required.
• Strong ability to prepare reconciliations and close processes.

Responsibilities

• Lease accounting: maintain schedules, prepare entries, amortization, and disclosures.
• Cash accounting and reconciliations: manage bank balances, investigate variances, coordinate with treasury and operations.
• Balance sheet reconciliations: prepare monthly reconciliations and analyze variances.

Skills

ASC 842 lease accounting

Cash accounting

Bank reconciliations

Job description

Position Summary

The Senior Staff Accountantis responsible for supporting the corporate accounting function through the preparation of cash reconciliations, balance sheet account reconciliations, lease accounting under ASC 842, month-end close activities, journal entries, and financial reporting support. This role will work closely with the Corporate Accounting team to ensure the accuracy, completeness, and timeliness of financial information while maintaining compliance with company policies and U.S. GAAP.

Job Details

• Onsite (Manila or Cebu)
• Monday to Friday, 9:00 AM to 6:00 PM Eastern Time
• To follow selected Philippine Holidays

Key Responsibilities

Lease Accounting (ASC 842)

• Maintain the company's lease accounting schedules and support documentation.
• Prepare monthly lease accounting entries, including:
• Right-of-use (ROU) asset amortization
• Lease liability amortization
• Lease expense calculations
• Lease modifications and remeasurements
• Assist with new lease onboarding and review of lease agreements.
• Update lease schedules for renewals, terminations, and modifications.
• Support compliance with ASC 842 lease accounting requirements and company lease policies.

Cash Accounting & Reconciliations

• Prepare and reconcile bank accounts and cash balances on a daily, weekly, and monthly basis.
• Investigate and resolve reconciling items, cash variances, and unreconciled transactions.
• Coordinate with treasury, AP, AR, payroll, and operational teams to resolve cash-related discrepancies.
• Maintain supporting documentation for all cash reconciliation activities.
• Assist with cash reporting and cash flow support schedules.

Balance Sheet Reconciliations

• Prepare monthly balance sheet account reconciliations for assigned accounts.
• Analyze variances and identify unusual or aged reconciling items.