Accounting Specialist

PURPOSE

The position is responsible for preparing, reviewing and analyzing detailed schedules and reports of more significant and complex accounts, with the objective of ensuring the completeness and accuracy of these schedules, the appropriate recording and recognition of these schedules in the company’s books, in accordance with the current financial reporting standards and interpretations, and the timely submission of these schedules and reports, to both internal and external users.

MINIMUM REQUIREMENTS

Education: Minimum Educational Qualifications for this position

Bachelor’s/College Degree in AccountancyProfessional License (CPA)

Relevant Experience:

2-3 years of experience in relevant fieldsExposure to audit is an advantage

Business Understanding:

Good knowledge and understanding of accounting standards, applicable rules and regulations.General business industry knowledge and acumen.

AREAS OF RESPONSIBILITY

Fixed asset management

Review project listings from subcontractor, reconcile the project listings with the data generated from the accounting systems, and resolve issues or variances noted to ensure all project details and transaction are recorded in the booksPerform capitalization, retirement and disposal of fixed assets and review of relevant supporting documents to report actual and reconciled fixed assets in the systemRun monthly depreciation, prepare lapsing schedule and perform detailed analysis ensuring exceptions reflects valid business rationale.Corroborate analyses and results to other source reports (network rollouts, etc) enabling validity of qualitative and quantitative information of transactions.Initiate and assist in the preparation and execution of physical counts of assets with the objective of reporting and validating balances and existence of fixed assets as well as mitigating associated risks.

Inventory management

Obtain and review inventory schedules and perform movement analysis of inventory accounts to validate transactions and business rationaleInitiate and assist in the timeline of inventory cycle counts, reconcile an perform variance analysis of actual count results with amounts per accounting system with the objective of reporting and validating balances and existence of fixed assets as well as mitigating associated risksIdentify and raise issues with relevant departments (warehouse, procurement, operations, etc), and resolve the noted issues to minimize errors and risk over operational and financial recording and reporting

Review of intercompany accounts

Obtain transaction listings, and review and ensure completeness of intercompany transactions based on the supporting documents and schedules to report the complete, accurate and valid intercompany transactionsPrepare intercompany account reconciliation and matrix, and resolve issue and variances noted between amounts recognized in the company’s books versus the amounts recognized in the related parties’ books

Review financing activities and transactions

Obtain and review loans schedule from Treasury department and reconcile with the amounts recognized per company’s books and documents, and resolve issues or variances noted to order properly report transaction related to financing activitiesReview and corroborate monthly amortization of the loans, re-compute the finance costs, and reconcile recomputed balances over actuals to ensure reasonableness of transaction balances of loans and its interest component.Monitor compliance related to debt, financing and lending activities together with Treasury, to ensure the Company is in compliance on its contracts and agreements with financing institutions

Accounting system maintenance

Identify and document accounting system issues encountered related to assets accounts to ensure accounting system is working as designed over the Company’s asset transactionsRecommend improvements in system general controls, accounting system report generation and analysis enabling the system to meet the process owners’ needs over recording and analyzing transactionsEnsure appropriate account codes are used and accounting system reports are utilized by the process owners enabling the system codes aligned to transactions data

Financial reporting and analysis

Obtain and review schedules for all other accounts outside the scope of the analysts and specialist to ensure all accounts are reviewed by the groupInitiate closing of books, ensure complete and sufficient supports and schedules are in accordance with current accounting standards and policiesCorroborate analyses and results to other source reports (sales trend, forecast) enabling validity of qualitative and quantitative information of transactions.

*ComClark - Parent company of Converge ICT Solutions Inc.*

Additional Information

Career Level1-4 Years Experienced

Employee Qualification Not Specified

Years of Experience 2 years

Job Type

Full-TimeJob

Specializations

Accounting/Finance, General/Cost Accounting

Job Types: Full-time, Permanent

Pay: Php40,000.00 - Php50,000.00 per month

Benefits:

Additional leave

Company events

Employee discount

Health insurance

Opportunities for promotion

Pay raise

Promotion to permanent employee

Schedule:

8 hour shift

Supplemental pay types:

13th month salary

Overtime pay

Performance bonus

Summary of role requirements:

Looking for candidates available to work:

Monday: Morning

Tuesday: Morning

Wednesday: Morning

Thursday: Morning

Friday: Morning

2-3 years of relevant work experience required for this role

Working rights required for this role

Expected start date for role: 30 May 2024

Expected salary: 40,000 - 50,000 per month

Full time