Chief Accountant
Philippines - Finance
The Chief Accountant reports directly to the Chief Financial Officer (CFO) and plays a pivotal role in ensuring the efficiency and accuracy of the Bank's financial reporting processes. Responsible for evaluating existing procedures, the Chief Accountant spearheads process improvements with a focus on both automation and control measures for monthly, quarterly, and annual accounting and reporting.
Responsibilities
- Performs assessment of the existing processes and delivers process improvements to enhance the efficiency and accuracy of the monthly, quarterly and annual accounting and reporting process - both via automation and control
- Owns the general ledger and build an objective understanding for all its underlying transactions
- Leads the project of automation of accounting processes using the SAP ERP
- Develops the relevant procedure and framework to bring out the said automation
- Develops understanding of the Core Banking System and implements regular reconciliation of data between the various information systems
- Ensures the integrity, accuracy, and completeness of the Bank’s financial data. Verifies the accuracy and integrity of financial data in the organization's core banking systems and ERP
- Establishes and enforces data validation and exception management procedures to ensure that data entered into these systems is complete, accurate, and consistent
- Monitors data feeds and performs regular reconciliations to identify any discrepancies or errors
- Investigates the root causes and takes appropriate corrective actions when exceptions are identified
- Identifies potential risks associated with inaccurate or incomplete data, such as errors in financial reporting or compliance violations, and establishes controls to mitigate these risks
- Ensure proper integration of financial systems and data flows for seamless operation
- Monitors and report on data-related risks and recommend risk mitigation strategies to senior management.
- Collaborates with the Information Technology teams and system vendors to define data mapping, validates data integrity during the migration process, and conducts thorough testing to identify and rectify any issues.
- Oversees payment processing and general accounting functions
- Supervises the maintenance of general ledger accounts and ensures the accuracy of journal entries posted.
- Reviews payment requests and postings of journal entries in the accounting information system.
- Ensures timely settlement of counterparty claims and payables
- Reviews nostro and account reconciliations and ensures timely resolution of float items
- Acts as a back-up for the regulatory and statutory reporting requirements of the Bank with the Bangko Sentral ng Pilipinas (BSP), Bureau of Internal Revenue (BIR), Philippine Deposit Insurance Corporation (PDIC) and Securities & Exchange Commission (SEC)
- Supports the management reporting requirements of the Bank and ensures the timely delivery of various management reports, which may include business performance reports, various deck to applicable management and governance committees, and key performance indicators submitted to pertinent stakeholders
- Supports the Bank’s business, projects and initiatives through participation in data gathering, solution discussions, user acceptance testing and signoffs. Design the pro forma journal entries and accounting documentation for the new products and new processes within the bank
- Supports the Bank’s annual budget process
- Identifies opportunities for leveraging technology to enhance financial processes, improve efficiency, and drive innovation
- Support the CFO in managing, mentoring and upskilling the Philippine Finance personnel
- Other tasks determined and assigned by the CFO
Qualification
- Preferably Certified Public Accountant
- At least seven to ten years working experience in the banking industry
- Strong accounting knowledge and background of standards of reporting required by BSP and other financial regulatory entities i.e. BIR, PDIC and SEC
- Strong background with ERP systems (SAP/ Oracle). Nice to have experience with core banking systems, e.g. Finastra Fusion
- Strong experience of month end close, financial and regulatory reporting
- Proven experience in process automation and control optimization - both functional requirements through to system go-live
- Experience in working with high volumes of transactional data into financial analytics and/or financial reporting processes including, for example, data extraction, mapping, hierarchies and transformation. Both building or maintaining/improving data driven processes.
- Excellent attention to detail with the ability to unravel complex accounting queries
- Excellent organization skills: ability to plan and organize work so that it is efficient and effective
- The ability to comprehend and narrate financial records for external stakeholders
- Excellent documentation and spreadsheet skills
- Positive attitude and ‘can do’ approach
- Team player, innovative, honest, reliable, exhibits a good sense of humor
- People manager
- Not afraid to go toe to toe/head-to-head with the TDB CFO and/or Group CFO is s/he believes in something.
Interested? Send us your CV attalentacquisition@tonikbank.com
