JOB DESCRIPTION
Accounting and Reporting
- Checks reasonableness/accuracy of accounting entries for transactions processed by the 3rd Party Vendor (Outsourcing Partner) (i.e. trading of securities, maturities and coupon payments of fixed income investments, portfolio valuation and marking-to-market of financial assets, and accrual of income and fees)
- Prepares the following financial reports:
-Bangko Sentral ng Pilipinas (BSP)
-Fiduciary related reports as required in the provisions of MORNBFI.
-Insurance Commission (IC) reports required from a Trustee of a Pre-Need Company
- Prepares the following financial reports:
-Monthly, quarterly, and annual financial statements (Fiduciary)
-Client reports - Balance Sheet, Income Statement, Investment Activity Report, Return of Investment Report, and Schedule of Earning Assets/Investments (ensures accuracy of all the account balances, asset valuation and all reports issued to the clients)
- Prepares tax schedules, certificates and billing invoices issued to the clients.
- Prepares journal entries or any adjustments posted in client accounts.
- Prepares audited schedules/audited financial statements of manage fund accounts as required by the BSP.
- Checks marked-to-market prices used by the Outsourcing Partner for valuation of assets
- Checks accuracy of management/trust fees due from clients, prepares and submits billing statements and Official receipts to clients and monitors payment
- Other tasks as assigned.
Support to Company's Initiatives
- Participates in the system enhancements, process documentation/improvements and preparation of requirements for new clients/products
Internal Controls and Internal Audit
- Ensures appropriate controls are performed in the preparation of financial reports before submission to internal and external stakeholders
- Documents the processes and procedures involving all reports preparation
- Regular review and update of existing guidelines, processes and procedures to effect necessary changes/improvements
- Prepares audit requirements of internal/external auditors
Administrative Functions
- Organizes reports received from Outsourcing Partner
- Manages inquiry from the internal stakeholders, auditors and regulators related to the assigned tasks
QUALIFICATIONS
- Experience in audit firm and/or financial statements preparation of a financial institution preferably in a trust corporation
- Knowledge and expertise in various accounting standards such as PFRS and Local Statutory Requirements
- Knowledge and expertise in handling financial derivatives. Knowledge in laws and regulations governing trust corporations
- Accuracy and attention to detail
- Able to timely meet internal and/or external deadlines
- Basic organizational skills (planning, time management and priority management)
- Basic verbal and written communications skills plus good listening skills
- Advanced analytical, comprehension and presentation skills
- Proficiency in use of Microsoft Word, Excel and PowerPoint
- Must be able to handle complex problems related to financial accounting and reporting
- Must be able to provide solutions for other operations related issues such as trade processing, portfolio valuation and accounting
