Finance Accounting and Reporting Supervisor

Finance Accounting and Reporting Supervisor

Location: Taguig, Philippines

Company: Hedcor, Inc. / Aboitiz Renewables, Inc. (Parent)

Employment Type: Probationary

Work Arrangement: Hybrid

Overview

The Financial Accounting and Reporting Supervisor is responsible for the timely and accurate preparation of financial statements and reports for the Parent, Holdcos, SPVs, and startups or small operating companies. The role ensures compliance with accounting standards and regulatory requirements, manages day-to-day accounting operations, and supervises accounting staff in delivering high-quality outputs. The position also assumes responsibility for financial consolidation reporting in the absence of the primary lead to ensure continuity of group requirements.

Responsibilities

• Prepares monthly, quarterly, and annual financial statements (including audited financial statements) for Parent, Holdcos, and SPVs.
• Ensures accuracy, completeness, and timeliness of reports in compliance with PFRS and applicable regulations.
• Prepares lead schedules for ARI Parent to support financial statement balances, reconciles intercompany accounts, and ensures audit readiness.
• Reviews journal entries, reconciliations, and schedules for accounts and subsidiary ledgers.
• Coordinates with AEV/AP Finance teams for group reporting and consolidation requirements.
• Supports annual budgeting, forecasting, and variance analysis.
• Assumes responsibility for financial consolidation activities (e.g., preparation of consolidation packages, reconciliations, and variance analysis) in the absence of the primary lead.

Regulatory Compliance and Taxation

• Ensures timely preparation of reports and financial data needed for accurate filing of tax returns and regulatory reports (BIR, SEC, LGUs, etc.).
• Monitors updates in accounting and regulatory standards and ensures compliance.
• Coordinates with auditors, regulators, and government agencies on reporting and compliance requirements.

Cash Management and Collections

• Reviews and analyzes periodic bank reconciliations.
• Monitors collections and highlights significant past due accounts to the Controller.
• Ensures timely preparation and execution of intercompany billings and accruals.

Data Analysis

• Conducts thorough analysis of financial data to ensure accuracy and completeness, resolving discrepancies.
• Ensures that financial statement line items align with relevant schedules and disclosures.
• Identifies trends, variances, and irregularities, and provides explanations for significant fluctuations or anomalies.

Compliance with Accounting Standards and Regulations

• Ensures compliance with accounting standards and regulations, including disclosure requirements in notes to financial statements and SEC supplementary schedules.

Intergroup Collaboration

• Collaborates with Accounting Operations, Finance, Tax, Treasury, and BU SPOCs to ensure accuracy and completeness of financial data.

Audit Support

• Supervises external audit requirements by providing necessary documentation and explanations related to the consolidation process; liaises with auditors for documentary and audit requirements.

Implementing and Maintaining Financial Systems

• Supports implementation and maintenance of financial consolidation and publishing systems, including metadata updates, account and segment mapping, and consolidation rule updates.
• Develops and implements financial policies and procedures related to consolidation and provides training and support to finance team members on consolidation processes.

Accounting Standards Champion

• Ensures Renewables group compliance with accounting standards, conducts trainings/workshops, and disseminates templates and guidelines; aligns the group with the Parent company policies and standards.

Other Functions and Responsibilities

• Contributes to a high-performing team, engaging in ongoing conversations about targets, capability improvement, and performance.
• Supports diversity, equity, and inclusion and fosters a collaborative, respectful team environment.
• Follows standard operating procedures and complies with requirements to perform duties effectively.

Qualifications

• Minimum Qualification: Professional with 4 years in Financial Accounting, including at least 2 years in consolidated financial reporting in a large publicly-listed entity.
• Leadership Experience
• Accounting graduate
• Preferred Qualification: CPA

Job Function and Industry

• Job Function: Accounting/Auditing and Finance
• Industry: Utilities

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