Finance Officer

The Finance Officer is responsible for all areas relating to financial reporting. This position will be responsible for developing and maintaining accounting principles, practices and procedures to ensure accurate and timely financial statements. He/She is also responsible for managing the team to ensure that work is properly allocated and completed in a timely and accurate manner. This position addresses tight deadlines and a multitude of accounting activities including general ledger preparation, financial reporting, year-end audit preparation, statutory reports & compliance, support of budget/forecast activities and all other fiscally related activities. DUTIES AND RESPONSIBILITIES Prepares monthly financial statements against the budget of Delwater and ensures their accuracy and timeliness. Leads in the preparation of annual budgets for the company in close coordination with the CEO/President and Department Managers. Prepares the monthly YTD, and yearly financial results and its variance from Budget and forecasts. Reviews disbursements, ascertains correct account charging, and ensures supports are proper and complete approving / signing of all vouchers (LVs, CVs, JVs), checks and Fund Transfer documents. Reviews all receipts and disbursements, ascertains correct account distribution, and ensures all support documentation is accurate. Ensures the efficient implementation of the proper checks and balances / internal controls to assure the safeguarding of assets and reliability of financial statements. Remains informed and updated on current best practices in Accounting and recommends improvements and/or corrective actions to strengthen internal controls. Enforces strict adherence to company rules and regulations and management directives. Takes the lead in documenting Accounting Processes to institutionalize best practice and coordinates closely with QEG on this. Prepares the monthly bank reconciliations for reporting to the Management, including the CHRO. Ensures that the wall to wall audit process starts on time and that the wall to wall reports are reviewed before sending them to the Finance Manager. The following MOPs of the department are owned by the Comptroller and under her responsibility that the team is compliant with the MOPs: Preparation of Bank Reconciliation Preparation of Cash Position Report Revolving Fund Audit Implementing Cash Advances Preparation of Projected Payables Report Preparation of PDC Summary Report Preparation of Journal Voucher Processing of Request for Payment Responsible for training the Accountants on the Master Operating Procedures of the department. Works on the establishment and development of the department Key Performance Indicators of the department Designing the KPIs / targets Aligning with the QEG and the department MOPs to document the KPIs set Working with the Research and Development Team (RDT) to automate the KPI and generation of monthly reports based on the result of KPIs. Reports to the CEO/President the performance of the department based on the KPIs sent regularly on a monthly basis Oversees all the daily accounting transactions and activities. Supervises, directs and reviews the work of accounting staff such as: Recording of revenue and expenses Accounts receivable and payable transactions Fixed asset transactions Billings and collections Bank loan transactions Intercompany receivable and advances Statutory/government transactions Review and approves Journal Voucher entries to ensure that entries are correct, supporting documents are appropriate and that the transactions are approved before entries are posted in the Accounting system Ensures an accurate and timely closing activities – monthly, quarterly & year-end Prepares monthly financial reports (P & L, Balance Sheet and Cash Flow) Assist the Comptroller in preparing the company’s annual budget and forecast. Review and approve Balance Sheet account reconciliation schedule on a monthly basis Oversees the preparation and timely filing & payment of all BIR tax returns including the necessary requirements for submission to the bureau. Assist the Comptroller in resolving all the tax issues and prior year tax assessment of the company Oversees the external and internal audits and ensures that all required schedules are submitted on a timely basis. Review and recommend client accreditation by evaluating compliance using a checklist of requirements and informing management of any deficiencies after performing a detailed audit and making practical recommendations for improvements. Assist the Asset Management team in conducting annual wall to wall physical inventory count. Assist the Comptroller in reviewing, updating and enhancing the Manual Operating Procedures (MOPs) in Accounting. Provides guidance, training and motivation to new and existing accounting staff as needed. Support the Comptroller with special projects and workflow process improvements. Ensures strict compliance to Company’s Manual Operating Procedures at all times. Communicates and coordinates with internal and external customers tactfully and patiently. He/she may be assigned to a different yard/office if/when the need arises. Whenever Management establishes the need, there will be work on Saturdays. Complies with the Master Operating Procedures (MOPs) at all times. Read/ Understand and be aware of all MOPs and Work Instructions which are available online in the Library of MOP’s in your department, so that you are able to comply with best practice. Performs other tasks as may be required and as deemed necessary by the immediate superior. QUALIFICATIONS Preferably has a degree in Accounting CPA passer is well regarded. With at least 3-4 years strong work experience in accounting With strong organizational skills. With above average written and verbal communication skills. Willing to be relocated anywhere. Organize, Flexible and can work in a team. #J-18808-Ljbffr