Financial Reporting - Internal Reports Lead

About the Role

As the Financial Reporting – Internal Reports Lead, you are responsible for the supervision of the operation of the Internal Reports team. He/She ensures the accurate and timely submission of internal reports for use by Management and regulatory reports. This role likewise ensures that operating controls, internal policies and procedures are implemented effectively. He/She submits requirements of internal and external audits and addresses/closes audit observations and findings on a timely basis. This role Implements changes (new and amended) in accounting standards, attends to projects requiring subject matter expertise, and manages performance of the team.

How you'll contribute

Financial Analysis and Reporting

• Reviews and takes ownership of reports and ensures controls, monitoring and

review processes are in place.

a. Supervises/reviews monthly financial statement close process of the Bank for monthly

reporting to management.

b. Evaluates and implements new accounting standards by impact analysis, systems

review and involving applicable units to communicate potential impact to financial position

and performance of the Bank and to produce financial reports in accordance with

Philippine Financial Reporting Standards.

c. Determines correct treatment for non-routine transactions; ensures these are treated

correctly in source material and reports.

Governance, Control and Risk Management

• Ensures the process of collating and comprising internal, statutory and regulatory

reports is robust, appropriately communicated, executed and monitored.

a. Implements required controls to enable preparation and reporting of the financial

statements free from material misstatements whether due to fraud or error.

b. Ensures required data controls are implemented, i.e data are reconciled with GL

balances, subsidiary ledgers are complete and accurate.

c. Understands the impact and implements required changes to reporting

requirements/accounting standards on reporting processes, systems and data sources.

d. Ensures compliance with Philippine Financial Reporting in collaboration with other

concerned/responsible groups.

Planning and Organizing & Project Management

• Delivers on special projects (e.g. new systems, new accounting standards,

reconciliation processes, etc.) by reference to project objectives or work programs

requiring subject matter expertise.

• Deals with internal auditors and external auditors like BSP, SGV and other regulatory

agencies, as applicable and coordinates all requirements and addresses all audit

observations/issues related to the unit.

• Develops service level agreements and provides business sign off, as applicable

• Implements and fully utilizes the Oracle ERP and EPM Systems (applicable

modules).

Team Performance and Retention

• Develops and manages team members, their workload and deliverables. Ensures

retention rate is maintained.

• Enforces maker-checker to ensure integrity, accuracy and completeness of reports

and disclosures; guides and coaches team members in regulatory reporting and

accounting standards requirements.

Effective Communication Skills

• Maintains an open communication lines among other units/immediat

supervisor/stakeholders where issues are timely elevated and addressed.

• Communicates and evaluates the impact of regulatory, financial and sustainability

changes effectively, as applicable.

Process Improvement

• Takes accountability and ownership of standardized and efficient operational

processes. This includes identifying and resolving data quality issues and leading in

continuous improvements to address these issues.

• Implements change the bank (CTB) initiatives such as TAT reduction on certain

processes, month end closing and manual adjustments

What We're Looking For

• Bachelor's degree in Accountancy or relevant course
• Certified Public Accountant is a plus but not required
• At least 5-10 years of experience with people management function, preferably in the same industry, leasing, or financing business
• Knowledge of banking and other financial institutions transactions, financial reporting standards and regulations (SEC/BIR/SEC/PSE)
• Analytical skills; project management skills; effective oral and written communication skills; problem-solving skills
• Ability to lead a team to deliver required results;
• Keen to details; Team Player

About Security Bank

Security Bank is one of the Philippines best-capitalized private domestic universal banks. Established in 1951 and publicly listed with the Philippine Stock Exchange (PSE:SECB) in 1995, our major businesses cover retail, corporate, commercial, and business (MSME) banking.

We're recognized as an Employer of Choice in Philippine banking by various award-giving bodies for our values-based culture, industry-leading engagement and benefits, and commitment to work-life balance.

Most recently, we ranked as the #2 best employer in the Philippines and #54 globally on the prestigious Forbes World's Best Employers 2023 list.

At Security Bank, our approach to Human Capital Management (HCM) is embodied by our Employee Value Proposition (EVP): YOU matter.

Start your BetterBanking career with us today.