Sr Accounting Manager - With Bank Exp (CEBU)

Job Summary

The Accounting Manager will oversee the organization's accounting operations, financial reporting, internal controls, and regulatory compliance. This role is responsible for ensuring the accuracy and integrity of financial records, maintaining compliance with applicable accounting standards and banking regulations, and implementing effective financial control procedures to safeguard company assets and support sound business decisions.

The ideal candidate must be a Certified Public Accountant (CPA) with substantial accounting and financial management experience gained exclusively within the banking industry. The successful candidate must demonstrate strong technical accounting expertise, a comprehensive understanding of banking operations and regulatory requirements, and proven capabilities in financial reporting, internal controls, risk management, and team leadership.

Key Responsibilities1. Accounting Operations and Financial Reporting

• Oversee accounting operations, including general ledger management, bank reconciliations, financial transactions, and month-end and year-end closing activities.
• Ensure the accurate and timely preparation and review of financial statements, management reports, and regulatory financial disclosures.
• Review journal entries, account reconciliations, financial schedules, and supporting documentation to ensure accuracy and completeness.
• Ensure compliance with applicable Philippine Financial Reporting Standards (PFRS), accounting policies, and banking-specific reporting requirements.
• Establish and maintain accounting procedures and reporting standards aligned with banking operations.

2. Financial Control and Performance Monitoring

• Monitor the bank's financial position and performance through regular reviews of financial statements, account balances, and key financial indicators.
• Analyze financial variances, investigate discrepancies, and recommend corrective actions.
• Oversee balance sheet reconciliations, cash management controls, and the integrity of financial records.
• Review financial transactions and accounting processes to ensure proper authorization and adherence to established policies.
• Provide management with financial analysis and recommendations to support operational and strategic decisions.

3. Internal Controls and Risk Management

• Develop, implement, and monitor internal control procedures to safeguard assets and ensure the reliability of financial information.
• Identify financial reporting risks, control weaknesses, and operational inefficiencies and recommend appropriate mitigation measures.
• Ensure compliance with approval matrices, segregation of duties, and established banking accounting procedures.
• Coordinate internal and external audits and ensure timely resolution of audit findings.
• Maintain complete audit trails and supporting documentation for financial transactions.
• Work with relevant departments to strengthen controls and address identified financial and operational risks.

4. Banking Regulations and Compliance

• Ensure accounting and financial reporting processes adhere to applicable banking laws, regulatory requirements, and internal policies.
• Monitor compliance with relevant Bangko Sentral ng Pilipinas (BSP) regulations and reporting requirements.
• Coordinate the preparation and submission of required regulatory reports and financial disclosures.
• Monitor changes in banking regulations and accounting standards and assess their impact on financial operations.
• Liaise with internal auditors, external auditors, compliance teams, regulators, and other banking stakeholders as required.

5. Taxation and Statutory Reporting

• Oversee the preparation and review of tax returns, tax schedules, and statutory financial reports.
• Ensure timely filing of tax returns and submission of required documentation to relevant government agencies.
• Coordinate with external auditors and tax advisors on tax assessments, compliance reviews, and related matters.
• Ensure appropriate documentation and compliance with applicable tax laws and financial reporting requirements.

6. Team Leadership and Process Improvement

• Lead, supervise, and develop the accounting team to maintain high standards of accuracy, accountability, and efficiency.
• Establish performance objectives, reporting deadlines, and quality standards for accounting deliverables.
• Identify opportunities to improve accounting workflows, automate reporting, and strengthen internal controls.
• Oversee accounting systems and financial reporting tools used in banking operations.
• Collaborate with senior management and other banking departments to address financial issues and improve operational efficiency.

Qualifications and Requirements

• Bachelor's degree in Accountancy or a related field.
• Must be a Certified Public Accountant (CPA) in the Philippines.
• At least 8–10 years of progressive accounting and financial management experience gained within the banking industry.
• Strictly requires direct banking industry employment experience. Candidates whose experience is limited to BPO, shared services, public accounting, audit firms, fintech, lending companies, insurance, or other non-bank financial institutions will not qualify unless they also have relevant direct banking employment experience.
• Proven experience in financial reporting, general ledger management, account reconciliation, and month-end and year-end closing.
• Strong knowledge of PFRS, banking accounting practices, and applicable BSP regulatory requirements.
• Demonstrated experience in internal controls, financial risk management, audit coordination, and regulatory compliance within a bank.
• Experience in financial analysis, balance sheet monitoring, and financial variance analysis.
• Previous supervisory or managerial experience in a bank's accounting or finance function.
• Proficiency in accounting systems, banking platforms, ERP systems, and Microsoft Excel.
• Strong analytical, leadership, communication, and decision-making skills.