I. JOB OBJECTIVE

Under general direction, responsible for the development, implementation and evaluation of strategies aimed at planning, controlling and reporting the inflow and outflow of company funds and information. Provides guidance on the development and implementation of strategies and control points to ensure that the financial resources of the company are maximized and protected through sales confirmation, collection validation, expense control, budget variance analysis and the like

II. DUTIES AND RESPONSIBILITIES

A. Accounts Payable

• Establishes and maintains all disbursement facilities for funding the present and future financial commitments
• Negotiates special handling and waiver of penalties and other charges
• Acts as a liaison between the company, government and external accountants to meet information needs and to ensure the proper documentation and maintenance of the information

B. Compliance

• Acts as the official representative of the company before any regulatory body for any discussion and/or consultation regarding compliance-related issues
• Checks for the sufficiency, in form and in substance, of all documents and reports prior to their endorsement to the regulatory bodies
• Develops and manages the implementation of strategies to ensure that all compliance issues and concerns are appropriately and expeditiously evaluated, investigated and resolved
• Develops and recommends monitoring and control programs, policies and procedures to ensure that the company is in compliance with all the tax requirements and policies of Bureau of Internal Revenue and other various regulatory agencies
• Develops the Corporate Compliance Manual and regularly updates the same as a result of evolving internal conditions and external regulations
• Leads the documentation and standardization of all standards and practices related to compliance and risk management
• Leads the identification of probable compliance vulnerability and risk areas based on the approved corporate compliance standards and practices
• Manages the collection, organization, preservation, and dissemination of all bank-related information, circulars, memoranda, primers and research issued by the government and other entities
• Manages the development and documentation of an efficient organization-wide compliance and risk management system
• Manages the education of all stakeholders on all regulatory compliance matters and facilitates the discussion of the same including all attendant laws and their Implementing Rules and Regulations
• Manages the implementation of compliance and risk management strategies to ensure that the company is operating in an efficient and sound manner
• Prepares and submits regular reports as required by the BIR, SEC and other regulatory agencies
• Undertakes regular research on latest general accounting policies, circulars, memoranda and primers issued by the BIR, SEC, BSP, etc. and integrates the same in the company's finance and accounting policies and procedures, as applicable

C. Cost Accounting

• Conducts regular analysis of the projected vis-a-vis actual cost components and recommends appropriate adjustments to maintain profitability
• Identifies appropriate cost structure and components of the company’s products and services taking into consideration the direct and indirect costs
• Provides updated data on labor and materials costs for each project
• Recommends pricing of products and services based on derived costs and profit objectives set by the management

D. Financial Planning

• Develops and recommends approval of the parameters to be used in projecting income and expenses of the next fiscal year for annual strategic planning purposes
• Develops and recommends financial Key Performance Indicators (KPIs), and thresholds to management for approval
• Develops, implements and monitors financial control strategies to ensure that the company meets its financial goals
• Perform ad hoc technical accounting research and assist in special projects as needed
• Prepares and recommends approval of projected financial statements based on the approved financial budget and revenue projections
• Prepares the operating budget, capital budget and cash flow budget for the following fiscal period
• Reviews, analyzes and endorses for approval of the management the projected number of manpower, tools and equipment and training of each department
• Sets the income and expenses parameters for each project, e.g. managed services, solutions, evaluates project variables; develops and presents Project Budget to management for approval
• Sets the parameters in projecting income and expenses prior to the commencement of the next fiscal year

E. Financial Control

• Attests to physical inventory counts and cycle counts
• Conducts check validation of Official Receipt versus Collection activities
• Coordinates with the management to develop and improve efficiencies and standardization in existing accounting processes
• Develops policies, procedures and reports relevant to the efficient sourcing and disposition of funds
• Develops, implements and maintains accounting policies and internal controls
• Evaluates and recommends approval or disapproval of Capital Expenditures (CAPEX)
• Investigates cycle counting variances and recommends appropriate resolution to the management, i,e., restitution, write-off, etc.
• Investigates inconsistencies in revenue and other transactions
• Monitor business activities on billing and collections platform, ensure timely identification of accounting and financial reporting matters and review and post high-quality accounting reconciliations and journal entries
• Monitors, analyzes and reports expenses incurred by each department and ensures that they are spent in accordance with the approved budget
• Reviews and analyzes actual expenses against the approved budget on a regular basis
• Reviews and verifies the accuracy and integrity of journal entries of Collection and Sales, Month-end Expenses such as Department amortization and other related General Ledger transaction

F. Financial Reporting

• Prepares, submits and presents to management monthly projected financial statements and other management reports to provide the stakeholders with sufficient information on the actual financial performance of the company
• Reports to management and notifies each department head all expenditures in excess of the approved budget

G. Funds Management

• Analyzes the financial condition of the organization and develops an investment program with the most favorable future returns
• Co-authorizes online fund transfers for the payment of company expenses
• Evaluates and recommends deposit and loan interests rates based on prevailing market standards
• Executes both critical and regular financing decisions within the scope of authority
• Forecasts surplus funds and recommends strategies on how to maximize funds through investment, etc.
• Identifies and mitigates/resolves funding risks
• Identifies investment risks and designs several control points to ensure that the surplus fund will not be endangered

H. Tax Management

• Acts as the subject matter expert in areas of tax management and compliance
• Manages the electronic tax filing and payment system account of the company
• Preparation tax returns and examines available tax breaks/relief per BIR regulations
• Validates the computation of taxes on real estate, corporate income tax, gross receipts tax, and other applicable taxes and corresponding tax returns

I. Corporate Planning and Deliverables Monitoring

• Participates in the strategic and operational planning activities of the company
• Prepares, submits and presents reports relative to the development of approved plans, the status and assessment of the same
• Prepares, submits and presents on a regular basis data-driven analytics on the financial status, and other information as defined in the department’s KRA/KPI
  

Please refer to job description.