Accounting Associate – General Accounting

Key Responsibilities:

1. General Ledger Maintenance

• Maintain and update the general ledger on a regular basis, ensuring all financial transactions are accurately recorded in accordance with Philippine Financial Reporting Standards (PFRS) and company policies.
• Prepare and post journal entries for accruals, adjustments, prepayments, and other recurring transactions.
• Ensure proper chart of accounts mapping and adherence to internal accounting controls.

1. Reconciliation Oversight

• Perform and oversee monthly bank reconciliations, intercompany reconciliations, and balance sheet account reconciliations.
• Investigate and resolve reconciling items in a timely manner.
• Prepare reconciliation reports and escalate discrepancies to the Finance Manager as needed.

1. Cost Allocation Monitoring

• Monitor and review cost allocation across departments, projects, or cost centers.
• Ensure proper distribution of shared expenses and overhead costs.
• Prepare cost allocation schedules and provide analysis to support management reporting and budgeting.

1. Assistance, Oversight, and Review of Key Accounting Processes
2. 1 Accounts Payable & Vendor Invoice Processing

• Review and validate vendor invoices for completeness, accuracy, and proper authorization prior to processing.
• Ensure timely and accurate recording of payables in the accounting system.
• Coordinate with the procurement and operations teams for invoice matching and dispute resolution.

1. 2. BIR Tax Compliance

• Review and oversee the preparation and timely filing of BIR tax returns, including but not limited to Value-Added Tax (VAT) and Expanded Withholding Tax (EWT).
• Ensure accurate computation of input/output VAT and proper application of withholding tax rates per BIR regulations.
• Monitor compliance with tax deadlines and support external and BIR audits as required.

1. 3. Disbursements Management

• Review disbursement requests and ensure supporting documents are complete, accurate, and properly approved.
• Oversee check preparation, online banking releases, and petty cash replenishments.
• Maintain disbursement records and ensure proper posting to the general ledger.

1. 5 Payroll & Employee Benefits Processing Assistance

• Assist on end-to-end payroll processing, including regular pay, overtime, deductions, and accurate posting of payroll journal entries to the books.
• Ensure timely remittance and compliance with government-mandated contributions (SSS, PhilHealth, Pag-IBIG/HDMF), including reporting, filing, and employee Last Pay/Final Pay processing.
• Review and process employee disbursements, including revolving fund, reimbursements, petty cash, and other miscellaneous employee-related expenditures.

• Opportunity to work in a dynamic and collaborative Accounting & Finance environment
• Exposure to end-to-end accounting processes
• Career growth and professional development opportunities

Qualifications:

• Bachelor's degree in Accountancy, Financial Management, or a related field
• Certified Public Accountant license is an advantage but not required
• Minimum of 1–2 years of relevant experience in general accounting, preferably in a Philippine business setting
• Strong understanding of general accounting principles and financial reporting
• Experience with payroll processing, tax compliance, and accounts payable is preferred
• Proficiency in accounting systems (e.g., SAP Business One, Oracle Netsuite, or similar ERP)
• Advanced proficiency in Microsoft Excel (pivot tables, vlookup, data validation)

Key Skills:

• Attention to detail and high level of accuracy
• Strong analytical and problem-solving skills
• Excellent organizational and time management abilities
• Knowledge of Philippine tax and labor regulations (BIR compliance, including VAT, EWT, and payroll tax compliance)
• Excellent communication and coordination skills across departments

• Lark
• Microsoft 365
• SAP Business One
• Oracle Netsuite