Accounting Associate

Duties and Responsibilities

The Accounting Associate will support the Senior Accountant in day-to-day accounting operations until processes are fully normalized. Key responsibilities include:

• Verify the completeness and accuracy of supporting documents for third-party commissions, including computation of applicable taxes prior to processing for release
• Confirm correctness of commission amounts, particularly when pre-approved figures have been amended
• Prepare commission and incentive computations (Materials Commission, Selling Premium, Labor Commission, Material Incentives, and Labor Incentives) for approval by authorized signatories
• Prepare Payment Request Forms and bank transmittals for approval
• Process commission and incentive payments through the RCBC EZ Payroll system
• Generate and forward required text files to the bank for payment processing
• Transmit signed Authority to Debit forms and bank transmittals to the bank for employee crediting
• Prepare and disseminate commission and incentive details to Sales Engineers, Supervisors, Assistant Managers, and Managers
• Prepare monthly withholding tax summaries for commissions and incentives per APV and forward them to designated personnel
• Prepare and distribute monthly dispatch reports for Sales Engineers eligible for transportation incentives
• Update, monitor, and maintain various tracking reports, including but not limited to:
• Materials commission database
• Downgrades/Seconds monitoring
• Labor commission database
• Monthly dispatch monitoring
• Selling premium incentives monitoring
• Monthly summary of claimed commissions and incentives
• Previously held commissions monitoring
• Threshold monitoring
• Deductions and advances monitoring
• Annual summary of claimed commissions and incentives
• Maintain and organize monthly commission and incentive files
• Perform other related tasks as may be assigned by the department

• Bachelor’s degree in Accountancy or a related field
• At least three (3) years of experience in general accounting and payroll tax
• Good verbal and written communication skills
• Proficient in Microsoft Excel (intermediate level), as well as Microsoft Word and accounting software