Accounting Manager (Onsite - Shifting Sched in Cebu)

Make your next big career move by applying as KMC Solutions’ next ACCOUNTING MANAGER!

The Manager, Accounting is a hands-on role that oversees all accounting functions forMedImpact’s PBM business including the company’s multiple subsidiaries and product offerings. The scaleand complexity of the Company’s core business and specialized program subsidiaries are mirrored in thecomplexity of its accounting processes which requires a solid knowledge of the field's concepts, practices,and procedures and on extensive experience and judgment to plan and accomplish goals. This positionregularly interacts with management on the process of budgets and variances as well as reviews financialstatements with senior leaders and other personnel.

The main responsibilities of a ACCOUNTING MANAGER include:

Oversees a team of staff accountants to perform the full-cycle accounting while ensuring that deliverablesare on time, within budget, and meet the quality levels expected by the Company’s internal and externalcustomers. Corporate General Ledger Accounting – Close Duties

Ensures users of the company's financial data and reports receive timely and accurate information.

Performs quality checks and reviews results before release of financial reports to the business andexternal stakeholders.

Validates and posts journal entries prepared by Accountants to facilitate the timely and accurate closethe financial period under tight timelines (generally 5 workdays).

Works with the transactional teams (e.g., Accounts Receivable, Accounts Payable, Vendor Relations,Payroll, and Treasury) to validate the accuracy of their respective transactions and provide correctiverecommendations where appropriate.

Administers guidance to Accountants during the close process to facilitate the timely completion ofclose tasks.

Manages the close of financial periods including accounting and analytical tasks spread across theteam.

Oversees the completion of income statement analytics prior to closing the books to ensurereasonableness from an enterprise perspective.

Validates the accuracy and appropriateness of the elimination of intercompany transactions at variousconsolidation levels.

Consolidates the activities of multiple subsidiaries at several levels to support both the internal andexternal financial reporting needs of the business.

Corporate General Ledger Accounting – Post Close Duties

Ensures the books and records of the company are maintained in compliance with GenerallyAccepted Accounting Principles (“GAAP”).

Maintains up-to-date GAAP knowledge to ensure that the understanding of new pronouncements iscorrectly interpreted for the business.

Reviews general ledger balance sheet account reconciliations and income statement analyticsprepared by Accountants and provides feedback and guidance on a monthly basis.

Reviews lead sheets to ensure completeness respective to all balance sheet accounts having asupporting reconciliation and all significant income statement categories having a supporting analytic.

Directs the maintenance of general and subsidiary ledgers, accounts receivable, revenue recognition,accounts payable, service expenses, operating expenses, payroll, property management,depreciation, and insurance records.

Financial Analysis & Internal Reporting

Takes ownership of the accounting treatment, understands the nuances in relation to the type ofbusiness performed within each cost center.

Translates the accounting treatment and communication into generic business terms to educatebusiness leaders so that they understand transactions affecting their cost center's performance.

Performs variance analysis of costs against budget for key cost centers within the business.

Investigates and provides corrective analysis required for a thorough understanding of the causes,solutions and provides information and suggestions to the business.

Reviews and approves the release of the internal monthly financial reporting packages.

Reports on and maintains supporting records of debt covenant compliance.

External Securities and Exchange Commission (“SEC”) Compliant Financial Reporting

Maintains knowledge of financial reporting requirements under both GAAP and SEC guidance toensure the company’s financial statements are in compliance with applicable standards and meet theneeds of investors and other external stakeholders.

Owns the preparation of various financial statements and reports including the annual 10-K andquarterly 10-Q reports at multiple reporting levels.

Cultivates a good working relationship with the external audit team members for both audits andreviews (17 reports annually).

Coordinates and fulfills auditor PBC requests timely to ensure the organization meets issuance andfiling deadlines.

Manages the order of operations, in terms of creating the reports, from cradle to grave to provideassurance management that the reports are a fair and true representation of the company’s financialposition.

Researches accounting standards, writes technical memos, and provides recommendations on newor complex transactions encountered by the company.

Project Manager

Broker Fees – Manages broker fee approval, underlying calculations, and payment processingthrough the company’s internally developed Broker Fee Management System (“BFMS”) on a monthlybasis.

Fixed Assets – Manages the fixed asset subledger as part of the close and post close duties on amonthly basis.

Physical Inventory – Coordinates the physical inventory count of all non-intangible assets on anannual basis.

Internally Developed Software (“IDS”) – Oversees the capitalization of both internal and external laborused to create IDS.

Works with internal and external stakeholders to ensure values are capturedappropriately and attributed to the correct project.

Warranty – Establishes processes and controls to ensure accurate warranty payment data is relayedto management timely and accurately.

Rebates – Collaborates with related party rebate aggregator and the internal Rebates Strategy teamto validate the accuracy and appropriateness of estimated rebate receivables and estimated clientrebate liabilities, respectively.

Revenue Recognition (ASC 606) – Work with transactional teams (Accounts Receivable andAccounts Payable) to ensure transactions are captured in accordance with ASC 606.

Leases (ASC 842) – Works with third party vendor to determine the breadth and scope of adoptingthis new standard.

Equity – Works with third party vendor to maintain accurate stock records and to record stock activityappropriately.

Government Program Compliance – Coordinates with Compliance and Insurance teams to meet thefinancial reporting needs of the business for RFPs, insurance policies, etc.

Subsidiaries – Customizes practices to the specific accounting needs of the individual subsidiaries(e.g., mail order, 340B programs, cash card, international entities, prescription drug plans, insurance,etc.).

Management of resources

Recruits, trains, mentors, and manages Accountants; retains the necessary resources to successfullyperform the duties for the accounting team and provides performance management.

Provides dayto-day management of department, including developing and administering policies, businessprocesses and quality standards. Related duties

Establishes system controls for new financial systems and develops procedures to improve existingsystems.

Researches and implements new accounting standards issued by the FASB or other governingauthority if applicable.

Initiates attendance at job related seminars and keeps up to date with the industry’s best practices.

Other projects and duties as assigned.

Supervisory ResponsibilitiesSupervises staff in the accounting department. Carries out supervisory responsibilities in accordance withthe organization's policies and applicable laws. Responsibilities include interviewing, hiring, and trainingemployees; planning, assigning, and directing work; appraising performance; rewarding and discipliningemployees; addressing complaints and resolving problems.

Client ResponsibilitiesThis is an internal and external client facing position that requires excellent customer service skills andinterpersonal communication skills (listening/verbal/written). One must be able to; Respond promptly to clientneeds; Solicit client feedback to improve service; Respond to requests for service and assistance fromclients; Meet commitments to clients; Manage difficult or emotional client situations.

Travel - This position requires occasional travel such as attending various local conferences and meetings;as well as inventory observations/counts at remote MedImpact sites.

To apply, you must be an expert on the following requirements:Minimum competencies

Reasoning AbilityAbility to solve practical problems and deal with a variety of concrete variables in situations where only limitedstandardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, orschedule form. Mathematical SkillsAbility to work with mathematical concepts such as probability and statistical inference, and fundamentals ofplane and solid geometry and trigonometry.

Ability to apply concepts such as fractions, percentages, ratios,and proportions to practical situations. Language SkillsAbility to read, analyze, and interpret general business periodicals, professional journals, technicalprocedures, or governmental regulations. Ability to write reports, business correspondence, and proceduremanuals.

Ability to effectively present information and respond to questions from groups of managers,clients, customers, and the general public. Competencies To perform the job successfully, an individual should demonstrate the followingcompetencies:

Adaptability - Adjusts quickly to evolving situations by integrating new information, remaining flexible,recognizing, and implementing necessary changes and taking advantage of opportunities presented bynew developments.

Business Knowledge - Demonstrates clear understanding of the nature of the business -- its productsand services, goals, market, competitors, and challenges.

Change Management - Exemplifies a positive, proactive response to change, fully grasps and articulatesthe envisioned results of the change process, keeps others informed about events and trends that mayimpact the organization, and involves others in the change process to maximize buy-in and minimizestress.

Communication - Expresses self clearly and effectively in face-to-face interactions, presentations, andwritten documents, and employs active listening skills to ensure productive interactions.

Decision-making - Gathers input from affected parties and available experts, assesses risks andbenefits, and makes timely decisions based on sound reasoning.

Interpersonal Effectiveness - Demonstrates good people skills by showing a commitment to teamwork,resolving conflicts effectively and with respect for others’ viewpoints, respecting differences and buildingstrong relationships and networks.

Management - Manages for results, delegates skillfully with appropriate follow-up, manages changeprocesses, employs effective negotiation skills, and uses sound strategies for decision-making andproblem-solving.

Minimum qualifications

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. Therequirements listed below are representative of the knowledge, skill, and/or ability required. Reasonableaccommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and/or ExperienceBachelor's degree in Accounting, Finance, Business, or related degree (or equivalent combination ofeducation and experience) along with 5+ years related experience. Public Accounting and/or priormanagement experience preferred. Establishes system controls for new financial systems and developsprocedures to improve existing systems.

Computer SkillsTo perform this job successfully, an individual should have a working knowledge of Microsoft Office, MSOutlook, MAS500 (or latest version) and/or related Accounting Software used by larger corporations such asOracle EBS or similar.

Special Skills and CertificationsCPA preferred, but not required.

KMC Careers

If you're a rockstar at what you do and looking to be a part of our amazing story, we want to hear from you!

We offer attractive salaries and benefits plus you get to work in some of the Philippines' best flexible workspaces. Our employees also get to enjoy exclusive discounts, rewards and freebies, and invites to our monthly events. We are always recruiting for roles in IT & Development, Marketing, Business Administration, HR & Recruitment and Legal & Finance Roles.

KMC provides quality employment opportunities for job-seekers looking for a career that is both challenging and fulfilling. We are also committed to providing equal opportunities at every selection stage. We do not discriminate due to age, gender, sexual orientation, ethnicity, nationality, and religion.

Work with Us. Grow with Us.

KMC Solutions offers a variety of career opportunities in Metro Manila, Cebu and Clark & Iloilo. We are always looking for talented and enthusiastic individuals who are ready to make their next big career move.

Our Culture

At KMC, we foster an inclusive and positive workplace for all. We push our members to succeed in everything they do through our collaborative work environment. We encourage our community to work hard and reach their full potential while delivering results that matter for our members and you as professionals.

We host amazing and quality events and implement people-centric policies to work flexibly. We ensure that everyone in our expansive network is engaged, from our internal employees and those who work on behalf our offshore partners.

Life within KMC: Work Hard Party Harder

At KMC, we work hard and we are committed to putting our best foot forward in everything we do. Everyone is encouraged to be an individual while also working for the collective good of the KMC Community. We believe mistakes are opportunities and that you should not present a solution without a problem.

We also know when hard work deserves to be recognized so we reward our employees with monthly parties, free trips and much much more!

Summary of role requirements:

Looking for candidates available to work:

Monday: Evening

Tuesday: Evening

Wednesday: Evening

Thursday: Evening

Friday: Evening

More than 4 years of relevant work experience required for this role

Working rights required for this role

Expected salary: 120,000 - 150,000 per month

Full time