Role Purpose
The Junior Accountant supports the Finance team by maintaining accurate financial records, assisting with inventory costing and financial reporting processes, and ensuring compliance with accounting policies and procedures. This role plays a key part in month-end close activities, account reconciliations, inventory analysis, and the preparation of financial information to support business decision-making.
Key Responsibilities
General Accounting
- Maintain the general ledger by recording transactions and ensuring the accuracy and completeness of financial data.
- Prepare and post journal entries, accruals, adjustments, and reclassifications.
- Review and process employee expense reports in accordance with company policies.
- Perform account reconciliations and investigate discrepancies.
- Maintain organized and accurate financial records and supporting documentation.
- Utilize accounting systems and reporting tools to process transactions and generate reports.
- Collaborate with cross-functional teams to gather information, resolve issues, and support business objectives.
- Participate in ongoing professional development and continuous learning opportunities.
Inventory Costing & Analysis
- Assist with inventory costing activities, including raw materials, work-in-progress (WIP), and finished goods.
- Analyze inventory costs using weighted average costing methodologies.
- Monitor and investigate inventory cost variances and identify root causes.
- Prepare inventory-related reports and analyses to support management decision-making.
- Collaborate with Procurement, Operations, Supply Chain, and Finance teams to ensure accurate inventory valuation.
- Identify opportunities to improve inventory costing processes, controls, and reporting accuracy.
Financial Reporting
- Assist in the preparation of monthly, quarterly, and annual financial statements.
- Support month-end and year-end close activities by preparing schedules, reconciliations, and supporting documentation.
- Perform detailed general ledger account reconciliations and resolve variances.
- Analyze actual financial results against budgets, forecasts, and prior periods.
- Prepare financial reports and reporting packages for management review.
- Support budgeting, forecasting, and financial planning activities.
- Compile and analyze financial data to identify trends, risks, and opportunities.
- Prepare audit schedules and provide support during internal and external audits.
- Review financial reports for accuracy, completeness, and consistency.
- Maintain reporting templates, spreadsheets, and reporting tools.
- Assist with ad hoc financial analysis, reporting, and special projects as required.
Continuous Improvement
- Identify opportunities to improve accounting processes, controls, and reporting efficiency.
- Support the implementation of process improvements and best practices within the Finance department.
Skills & Competencies Required
- Diploma or Bachelor's degree in Accounting, Finance, Commerce, or a related field.
- Pursuing or interested in pursuing a CPA designation is considered an asset.
- 1–3 years of accounting experience preferred.
- Strong understanding of accounting principles and financial reporting.
- Knowledge of inventory costing methodologies, including weighted average costing, is an asset.
- Strong analytical and problem-solving skills.
- Excellent attention to detail and accuracy.
- Proficiency in Microsoft Excel, including formulas, pivot tables, and data analysis functions.
- Experience with ERP or accounting systems.
- Strong organizational and time management skills with the ability to manage multiple priorities.
- Effective verbal and written communication skills.
- Ability to work independently while collaborating effectively with cross-functional teams
Working Conditions
- Work schedule: 8am to 5pm PST,
- Work arrangement: In the Office
About The Company
Outsource Accelerator is the trusted source for independent information, advisory and expert implementation of Business Process Outsourcing (BPO). We are the #1 Outsourcing Authority, and we offer the worlds leading aggregator marketplace for outsourcing.
We specifically provide the conduit between Philippines outsourcing suppliers and the businesses clients across the globe. We continue to provide world-class talent to help small and medium-sized enterprises successfully build their offshore team in the Philippines.
