Senior Accountant/Auditor

Department: Accounts
Job: Full Time
Location: Manila

We are recruiting this position for our client based in Manila, Philippines

Key Responsibilities:

Aligning our custom-made software with accounting standard:
● Custom-made software is used for recording and accounting all business transactions related to our money exchange business. You’ll be responsible for ensuring that the
software aligns with accounting standards.
● Identify discrepancies in the software related to accounting and suggest necessary changes to software developers/management.
● Strengthen internal controls and processes that sync with the software, enabling the generation of balance sheets, income statements, cash flow statements, and other reports.
● Suggest recurring software modifications based on best accounting practices.

Accounting & Financial Record Management:
● Manage the day-to-day accounting operations
● Oversee the management of the books of accounts for our multifaceted currency exchange business.
● Record and reconcile a wide range of financial transactions, including cash in and out, cheques in and cheques out.
● Ensure all transactions are accurately recorded and adhere to relevant regulations.
● Ensure all inventory movements are recorded and signed off in an accurate & and timely manner (e.g. receipts, transfers)

● Cross-check all orders/transactions to ensure no discrepancies in the trade.
● Conduct rigorous daily, weekly, and monthly audits of financial records and transactions to detect any discrepancies or errors.
● Reconciliation of all bank, client, and supplier accounts to ensure there are no discrepancies.
● Provide cash payable and receivable reports and share them with the sales team for payment collection.
● Ensure the sales team makes timely collections.
● Investigate and rectify any discrepancies found during the audit process.

Management Reporting:
● Responsible for the preparation and consolidation of daily, weekly and monthly financial reports, and ensuring proper internal controls are established;
● Prepare and present regular reports to senior management, offering insights into the results of audits, financial performance, and compliance status.
● Provide recommendations for process improvements and risk mitigation based on audit findings.

Compliance Reporting:
● You will be responsible for preparing and submitting compliance reports as required by relevant financial regulations and authorities.
● This includes ensuring that our currency exchange business adheres to all legal and regulatory requirements.

Supervision of Sales Team:
● Assume a leadership role within the sales team, ensuring they strictly adhere to established accounting and financial policies.
● Provide comprehensive training and guidance to sales team members on proper record-keeping procedures.

● Display an authoritative nature, effectively inquiring and holding team members accountable for their roles in financial transactions and reporting.
● Cultivate a culture of financial responsibility and integrity throughout the organization.
● Develop and maintain accounting policies and procedures to ensure compliance with applicable laws and regulations
● Identify and drive continuous process improvement efforts.
● Ensure Daily/weekly/ Monthly account reconciliations and resolving reconciling variances and discrepancies.
● Perform other duties as assigned from time to time.

● Master’s degree in Accounting or a related field.
● CPA (Certified Public Accountant) or equivalent professional certification is preferred.
● 12-15 years of experience in accounting/general accounting
● Proven experience in accounting, auditing, and financial management, specifically in the currency exchange business, banks, or other financial institutions.
● Strong analytical and technical accounting skills are required.
● Strong knowledge of Generally Accepted Accounting Principles (GAAP).
● Attention to detail, ability to proactively assess issues, identify solutions, and solve problems.
● Ability to work effectively in a fast-paced environment, organized, able to prioritize and work independently.
● Strong leadership and supervisory abilities

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