Senior Finance Officer

2 weeks ago

San Pedro, Philippines Quest Exploration Drilling (Philippines), Inc. Full time

A. JOB SUMMARY

  • To assist the Finance Manager in providing QED with monthly management reporting that will ensure problem areas are recognized at an early stage, on a project basis.
  • To actively participate in ensuring effective
  • To analyze and recommend changes and/or improvements to the COMPANY'S procedures and practices.
  • To partake in the responsibility of managing relationships with government authorities and agencies relative to statutory reporting requirements and other relevant tax compliance requirements.

B. DUTIES AND RESPONSIBILITIES

Corporate Finance - Assist FM In The Following:

  • Banking facilities.
  • Compliance with BoD requirements.
  • Perform corporate admin and paralegal functions.
  • Liaise/Coordinate with Company Secretary for the preparation, execution, and issuance of legal documents as required.
  • Ensure SEC compliance with mandatory reportorial and other requirements.

Tax Management

  • Ensure tax compliance in accordance with government tax regulations.
  • Supervise preparation and lodgment of all tax returns.

Accounting

  • Set reporting deadlines in accordance with COMPANY policy and ensure they are met.
  • Review all reports prepared by the Finance staff.
  • Ensure intercompany accounts are reconciled on a monthly basis.

Internal Control

  • Review the COMPANY'S internal controls especially in relation to inventory and fixed assets to ensure adequate safeguards are in place.
  • Monitor and report on the periodic internal control review.
  • Train and delegate internal control assessments and audit to the member of the Finance/ Accounting team to ensure continuity of internal control review and ensure the Company's accountants have adequate field knowledge of operations for their appreciation and better understanding of the business.

Budgeting

  • Actively involved in budget preparation.
  • Analyze financial performance.
  • Discuss with relevant department heads on a monthly basis or as required and in accordance with reporting schedules significant variances in actual costs versus budgets.

Cash-Flow Management

  • Monthly and semi-monthly cash flows.
  • Provide analysis and recommendations on movement of funds to/from fixed deposits, whilst maximizing interest income.
  • Minimize forex losses by prudent forex management.
  • Develop relationships with banks for available facilities and efficiently manage banks and other borrowings.

Insurances

  • Responsible for coordinating all company insurance and liaising with company risk advisors.
  • Ensure and/or facilitate the processing of claims from insurance companies.

Accounting Procedures and Practices

  • Review, develop, and recommend appropriate, and communicate approved accounting procedures and practices to staff.

People Management

  • Manage subordinate staff.
  • Coordinate subordinate staff appraisals.

Other Duties as Required

  • Ad hoc/special projects
  • Expats payroll.
  • Ensure all Permits and License to Operate (LTO) requirements are paid/met without penalty.
  • Represent the COMPANY with the different government agencies.
  • Manage, develops, trains and mentors staff/direct reports for succession planning and provides constructive performance feedback and appraisals, and takes appropriate corrective action to address performance and conduct issues.
  • Ensure tasks are appropriately delegated and completed by monitoring performance against predetermined standards and requirements and holding staff/direct reports accountable for meeting expectations.
  • Perform other tasks that may be assigned by the superior from time to time.

C. QUALIFICATIONS

  • CPA License
  • At least 10 years of accounting experience with five years in a managerial position involving finance/accounting.
  • Knowledge of IFRS, Phil Accounting Standards, finance, accounting, budgeting, and cost control principles.
  • Knowledge of financial and accounting software applications.
  • Ability to analyze financial data and prepare financial reports, statements and projections.
  • Outstanding leadership and staff management skills.
  • Computer Literate (MS Office and other Accounting Software)
  • Knowledge in taxation law.
  • Must have strong initiative and high tolerance for stress.
  • Should have good communication skills and an effective team player.
  • Ability to work a flexible schedule.

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