Accounting

Job Summary:

The Finance Officer is responsible for managing daily financial operations, ensuring accurate recording and reporting of transactions, and maintaining compliance with accounting standards and government regulations. The role includes handling reconciliations, financial reporting, payroll processing, and tax submissions, as well as supporting budgeting, cash flow management, and procurement. The Finance Officer also coordinates with internal teams to support financial planning and overall business operations.

Key Responsibilities:

1.     Financial Management and Accounting     

• Manage, verify, and ensure accurate recording, filing, and reporting of all financial transactions.    
• Oversee daily financial activities including receipts, disbursements, and journal entries.
• Ensure compliance with accounting standards, internal controls, and company policies.

2.     Reconciliation and Financial Reporting    

• Reconcile bank accounts, cash balances, accounts payable, and accounts receivable.
• Ensure correctness and completeness of all financial records.    
• Prepare periodic financial reports, summaries, and analyses for management.    
• Assist in month-end and year-end financial closing activities.
• Prepare reports on financial activity, including:

-         Bank accounts and transactions of store branches

-         Credit card transaction reconciliations.

-         Accounts payable management

-         Accounts receivable management

3.     Budget and Cash Flow

• Assist in budget preparation, monitoring, and variance analysis
• Monitor cash flow and ensure availability of funds for operations.
• Track expenses and recommend cost-control measures.

4.     Government Compliance and Tax Reporting

• Prepare and submit monthly remittance reports required by local government agencies, including:

-         Social Security System (SSS)

-         Philhealth

-         HDMF (Pag-IBIG)

• Prepare and submit monthly BIR reports and other related tax documentation.

5.     Payroll and Compensation Management        

• Preparation of employee payroll (semi-monthly) and contractor payroll (weekly)
• Processing and monitoring cash advances, overtime, and leave deductions.

6.     Procurement Support

• Prepare and process purchase orders for external suppliers to ensure timely procurement of goods and services.

7.     Coordination and Support

• Coordinate with internal departments regarding financial transactions and documentation.
• Support management in financial planning and decision-making.

Other Deliverables:    

• Perform other finance-related duties as assigned by management.