General Accounting Professionals

Job Title: General Accounting Professionals

Employment Type: Project Term Hire - 1 year (fulltime)

Shift: Mid

Work Location: UP Ayala Techno Hub, Quezon City, Manila

Work set-up: Hybrid (3x a week onsite)

General Ledger Accountant's work consists primarily of general accounting activities. They include preparation and posting of journal entries, maintenance of balance sheet accounts and these accounts reconciliations. Moreover, he/she takes part in periods closings and accounts analysis and supports senior colleagues (Senior Accountants / Chief Accountant) in carrying out responsibilities of the accounting department.

Your Roles and Responsibilities

Per Process:

1. GL & Reporting System Maintenance

a. Update and maintain the General Ledger chart of accounts with accurate data. This includes performing data validation to ensure that all entries conform to established rules and standards.

b. Input data within the General Ledger.

c. Collaborate with different teams to understand their data requirements and assist in appropriate GL data input.

d. Monitor and perform correction of any data inconsistencies or discrepancies found in the GL system.

e. Participate in regular data verification checks to ensure accuracy and compliance with accounting standards.

2. Journal entry processing

a. Perform basic data validation checks to ensure the accuracy and completeness of journal entries

b. Prepare and / post journal entries into the General Ledger system.

c. Ensures that tasks given are performed in a timely manner and with respective

attention to their quality

3. Account Reconciliation

a. Perform periodic account reconciliations to ensure the accuracy of financial records. This includes balancing accounts between the General Ledger and subsidiary ledgers, as well as with external parties.

b. Perform the analysis of the reconciliation, identify and investigate discrepancies, and work with relevant parties to resolve any differences.

c. Maintain detailed records of reconciliation activities, including findings and resolutions.

d. Ensures that tasks given are performed in a timely manner and with respective attention to their quality

4. Intercompany Processing and Settlement

a. Prepare and process intercompany billing documents, ensuring accuracy and compliance with established policies.

b. Review and validate invoices before submission for processing.

c. Accurately record and classify intercompany billing received into the appropriate accounts.

d. Initiate the matching and posting of intercompany invoices to the General Ledger.

e. Process intercompany settlements, including cash transfers, bank reconciliations, and journal entries.

f. Maintain detailed records of settlement activities.

g. Regularly reconcile intercompany account balances to ensure accuracy and compliance with accounting standards.

h. Perform investigation and resolutions of any discrepancies identified during the reconciliation process.

i. Work with international subsidiaries to obtain and validate intercompany balance confirmations.

j. Resolve any discrepancies arising from the confirmation process.

5. Cost and Inventory Accounting

a. Track and report inventory levels and costs.

b. Support the investigation and resolution of discrepancies in inventory records.

c. Perform basic data validation checks to ensure the accuracy and completeness of inventory and cost records.

d. Accurately input inventory and cost data into the General Ledger system.

6. Fixed Assets and Project Accounting

a. Perform basic data validation checks to ensure the accuracy and completeness of fixed asset records.

b. Calculate and record depreciation expense for fixed assets in accordance with the company's depreciation policy.

c. Record fixed asset additions, transfers and disposals in the General Ledger.

d. Maintain up-to-date fixed asset registers and related documentation.

e. Assist in preparing fixed asset schedules and reports.

f. Set up new projects in the accounting system, ensuring proper classification and coding.

g. Perform project transfers to other departments, and project adjustments.

7. Close and consolidation

a. Participate in the monthly close process, ensuring all accounts are accurately closed and consolidated.

b. Prepare reports, schedules, analysis and journals entries.