Accounting Manager | Davao

Position Purpose:

The Senior Accounting Supervisor role is to oversee and enhance the organizations accounting operations, ensuring accuracy, compliance, and efficiency across financial reporting and management processes. This role is central to maintaining financial integrity, supporting operational efficiency, and guiding the organizations financial strategy.

KEY OBJECTIVES

• Leading and supervising accounting staff, providing guidance on best practices and procedures to maintain accuracy in financial records.
• Reviewing and improving accounting workflows, ensuring alignment with regulatory requirements and organizational goals.
• Overseeing the preparation of financial statements, reconciliations, and budgets, ensuring timely and accurate reporting.
• Analyzing financial data to provide insights that support strategic decision -making and cost management.
• Acting as a liaison between departments for audit processes, regulatory compliance, and reporting, ensuring the organization adheres to all legal and fiscal obligations.

RESPONSIBILITES

1. Insurance and Risk Management

• Oversee insurance policy renewals, claims, and payments, and maintain records for insurance monitoring.

2. Inventory and Expense Reconciliation

• Monitor and reconcile material inventory and purchases, tracking variances in expenses.

3. General Cost Accounting

• Oversee payment processes for payroll, statutory benefits, and separation compensation.
• Verify accuracy of sales records and remittance reports.
• Review financial transactions, journal entries, and reports.
• Prepare necessary financial declarations for government and tax reporting.
• Review and approve payments prior to CEOs final approval.
• Support salary computations and uploading, ensuring timely payroll distribution.
• Perform transactional verification and conduct comparative cost analyses.
• Maintain accurate records of inventory, bank balances, and financial data for audit and management review.

4. Accounting Department Oversight

• Provide guidance for document approvals, budgeting, pricing, and forecasting analysis.

5. Liaison for Compliance and Reporting

• Coordinate with local government units, external auditors, and regulators, ensuring compliance in collaboration with the Taxation department.

6. Additional Responsibilities

• Execute other assignments as directed by the CEO.

DAILY TASKS

• Maintain and secure the organizations cost accounting system, updating processes quarterly or semi-annually in collaboration with the Document Controller and Finance Manager.
• Verify the accuracy of bookkeeping and accounting reports to ensure compliance with regulatory standards.
• Support budget creation for business units, offering financial guidance on budget allocations.
• Develop financial forecasts by analyzing historical data to support the upcoming year's budget.
• Collect and review data on production, maintenance, and inventory controls.
• Estimate costs for new and proposed products, evaluating monthly production data for cost adjustments.
• Provide expense analysis reports, forecasting budgets and suggesting cost-saving measures.
• Assess changes in goods or services costs and report on the impacts on production expenses.
• Prepare general ledger entries, income statements, balance sheets, and other financial reports.
• Deliver weekly and monthly expense reports for management, assessing profitability factors.
• Assist with internal and external audits, coordinating internal cost audits and reporting findings to management.
• Ensure compliance with General Accepted Accounting Principles (GAAP) for financial statements and regulatory adherence.
• Implement the 13-period calendar to align resource planning, budget management, and cost forecasting.
• Manage annual physical counts and 28-day cycle counts for inventory in the warehouse and plant.
• Collaborate with the Taxation department to prepare sales declarations and manage tax return submissions for compliance.

QUALIFICATIONS/TRAINING AND EDUCATION

• Bachelors degree in Accountancy, Financial Management, or related field.

EXPERIENCE

• 1-2 years of experience in cost accounting and government compliance.
• Proficiency in accounting software (e.g., QuickBooks, SAP).
• Solid experience in general accounting, financial reporting, and
• compliance, preferably in industries relevant to the organization.
• Experience with budgeting, forecasting, and financial analysis.
• Knowledge of GAAP standards and experience with audit processes is a strong plus.
• Proven ability to lead and mentor accounting teams.
• Strong analytical and problem-solving skills to identify and resolve financial discrepancies.
• Effective communication and collaboration skills, especially when working with cross-functional teams for reporting and compliance.