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Dole is one of the world's largest producers and marketers of high-quality fresh fruits, with a growing line of quality packaged and frozen foods. Dole's dedication to quality is a commitment solidly backed by: comprehensive programs for food safety, scientific crop protection programs, stringent quality control measures, state-of-the-art production and transportation technologies, continuous improvement through research and innovation, and dedication to the safety of their employees, communities and the environment.
Job Purpose
The Consolidation Accountant is responsible for the timely and accurate consolidation of actual financial results of all the business units under each division and ensures that the transactions and balances of the business units are in accordance with IFRS and GAAP. The Consolidation Accountant is also responsible for collaborating with various departments and Business Units in gathering financial information and maintaining general ledger entries to produce accurate and timely financial reports, in accordance with the Shared Service Center's Service Level Agreement (SLA) with the Divisions.
Principal Duties and Responsibilities
- Consolidates the financial statutory results of each business unit for a division using Statutory Accounting Principle (SAP) and Group Reporting (GR) tool to ensure timely and accurate periodic, quarterly, and annual closing.
- Ensure that the reports for the Statement of Income (SOI) and Group Reporting (GR) are accurate and complete up to the profit center and line item level.
- Checks the submitted financial statutory results, ensuring accuracy and alignment with the global standards and accounting policy of the company.
- Check computation and ensure intercompany balances are correct for preparation journal entries for group consolidation, including elimination/regional transfer/topside entries and other routine entries.
- Reconciles the intercompany balance sheet/profit and loss accounts using the validation reports from the consolidation tool as part of the integrity checks.
- Resolve issues encountered in the validation report through collaboration with responsible business units.
- Performs flux analysis for period-to-period movements and checks for reasonableness of account-to-account ratios.
- Prepares journal entries for group consolidation, including elimination/regional transfer/topside entries and other routine entries.
- Reconcile consolidated balances between statutory and management report. Ensure that the SOIs submitted by the BUs are properly accounted in the Periodic Financial Report.
- Generate and submit the consolidated closing report (Profit and Loss) to the division controllers.
- Handle queries and concerns raised by business units and divisions.
- Submit reports to Controllers FP&A for comparison between the actuals and the budget.
- Secure approval from the market with the values being presented.
- Reconcile the profit deferrals manually computed by the PFR comparing to the actual entries and their respective deferred tax (cross checking ensuring that same numbers are being shown for the computations).
- Generate quarterly reporting packages (IFRS reporting) templates and distribute to the business units check if there are details that are missed check if complete and accuracy. Check if the loaded templates are correct and accurate. Assist in Fiori in uploading the templates to remove the differences.
- Consolidate the received quarterly reporting packages from the business units for submission to the corporate.
- Performs balance sheet reconciliation for AJE balances.
- Executes the business continuity plan within areas of responsibility and maintains detailed and complete process documentation of the tasks and activities.
- The incumbent may be required to carry out any other duties as directed by the immediate superior from time to time.
Education, Work Experience, and Other Requirements Required
- Graduate of BS in Accountancy
- Sound practical knowledge of IFRS, applicable GAAP, taxation laws, and/or SOX.
- Experience at least 3 years of general accounting, financial and management reporting, and consolidation.
- Experience in working in an SSC environment is preferred
- Willing to be based in Davao City
- Willing to render overtime and work on holiday/weekends if needed
