Finance Manager
4 days ago
Job Qualifications
• Graduate of BS Accountancy
• CPA License required
• At least 5 years in Managerial position, and total of 15 years experience in Construction or Manufacturing industry.
Job Description
• PAYMENT PROCESSING
Ensure adherence to internal controls, company policies, and accounting regulations, implementing changes as necessary to improve compliance and efficiency.
Manage and resolve accounting issues with internal and external customers; reconcile vendor account statements.
Assess the efficiency and effectiveness of the current process to streamline workflow through maximization, outsourcing, and technology; develop, implement and communicate process improvements; maintain documentation of all departmental procedures
Review the Accounts Payable Voucher and check all expenses are posted in proper GL accounts
Oversee the accurate and timely processing of vendor invoices, expense reports, and payment requests, ensuring proper coding and authorization
Maintain positive relationships with vendors, addressing any payment inquiries, discrepancies, or issues in a professional manner.
Collaborate with other departments, such as procurement and finance, to resolve payment issues and ensure smooth workflow.
Assist with month-end and year-end closing activities, audits, and reconciliations to ensure accurate financial reporting.
• BILLING AND COLLECTION
Supervise and manage the billing team, providing guidance and support to ensure the accuracy and efficiency of billing processes
Monitor and maintain client accounts, ensuring that all billing records are up to date and accurately reflect the services provided.
Develop and implement billing strategies and best practices to optimize efficiency and improve the accuracy of billing processes.
Provide customer support to customers with disputes or inquiries concerning invoices or billing process
Coordinates with costumers regarding outstanding accounts receivables balances which may involve executing default process.
Maintain a motivated and high-performing staff (by having complete/full job knowledge, proper coaching to improve the competence and skills of the staff, effective supervision, continuing self-improvement, and importantly, being a role model to employees, etc.)
Recommend strategies and procedures, if needed, to further improve collection functions to ensure collection targets are achieved.
Collaborate with other departments, such as finance and customer service, to ensure that billing processes are aligned with overall business objectives and customer satisfaction goals.
• GENERAL ACCOUNTING
Observes and strictly implements the policy of Petty cash fund manual
Updates expense summary of PCF on a weekly basis and keeps record of historical PCF expenses.
Review the petty cash advances of employees and ensure that it is liquidated within the agreed timeline
Update the cash position report for payment proposal and forecast of disbursement
• ASSET AND INVENTORY MANAGEMENT
Validates all adjustments in SAP related to depreciation and assets are properly recorded.
Validates that assets recorded in the books are reconciled with physical inventories, make recommendations and adjustments in case of variances.
Validates that assets recorded in the books are reconciled with physical inventories, make recommendations and adjustments in case of variances.
Resolves any resulting discrepancy discovered during reconciliation of fixed assets general ledger accounts.
Review and validates the retirement of assets
Review the capitalization of new acquired assets
Review monthly lapsing schedule
• TAX AND STATUTORY COMPLIANCE
Provide necessary reports for tax compliance purposes and statutory reports of FR Team.
Ensure timely and accurate remittances of VAT, EWT, Compensation, SSS, PHIC, HDMF and other government regulatory requirements.
• CASH AND TREASURY MANAGEMENT
Controls and manages cash disbursement activities to ensure smooth cash flow management
Assists in in preparing forecast related to cash movements.
Prepare and monitor company's various cash flow forecasts and perform financial modeling
Develops and strengthen relationship with various bank and payment partners.
• FINANCIAL REPORTING
Assist in preparing the financial statements monthly, including: income statement, balance sheet, and statement of cash flows.
Interpret and analyze financial information posted to general ledger accounts.
Maintain confidentiality of the financial data
Oversee daily transactions, including accounts payable/receivable, general ledger and bank reconciliations
Track and analyze cash inflows and outflows to help identify current and future cash flow risks.
• INTERNAL AND EXTERNAL AUDIT COMPLIANCE
Ensure that schedules needed for external reporting are available and submitted on time
Prepares the external reports which involves financial information to be distributed to parties outside the organization.
Monitoring of clearing accounts and preparation of any elimination entries every quarter
Provide assistance to external auditors for any requirements or documents needed during audit
Prepares periodic submission of monthly, quarterly, and annual BIR compliances in a timely manner.
• BUDGET AND COST ANALYSIS
Data gathering of budget from different departments
Preparation and presentation of financial budget such as P&L, Cashflow and balance sheet
Updating the financial portion of balance score card
Monitors budget through monthly variance analysis
• INVESTMENT PLANNING
Preparation of business case
Model out business scenarios and track performance metrics
Update price list and cost sheet standardization
Update price list and cost sheet standardization
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