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Financial Accountant - General Accounting

Posted Date:  Jul 10, 2024
Requisition Number:  122241

Work Setup: Hybrid

Location: Makati, Metro Manila, Philippines

 

Summary:

 

The Financial Accountant will specialize in General Accounting. He/She will be responsible for closing of the books for the assigned company codes. This includes posting of journal entries, account reconciliation, month-end closing activities, financial statements analysis, audit support, and all general accounting responsibilities which are not under the scope of Accounts Receivable and Accounts Payable. 

 

On an on-going basis, the Financial Accountant is expected to perform based on the key result area of the process, meet/ exceed metrics set based on the Key Performance Indicator, identify improvements, and execute related controls in-scope. 
 

 

 

Major Duties/Responsibilities:

 

General Accounting and Month-End Closing (40%)

The Financial Accountant is responsible for closing the Hershey books of accounts in compliance with US GAAP, following the Hershey closing calendar. The Financial Accountant is responsible for ensuring accuracy, timeliness, completeness and appropriateness of approvals for all transactions executed as part of the closing process in compliance with the Journal Entry Policy.

 

General accounting and month-end closing activities include:

  • Month end entries, accruals, prepayment amortization and adjustments
  • Key Account Reconciliation
  • Intercompany Billing and reconciliation
  • Lease Accounting
  • Bank Reconciliation
  • Other items specifically for the assigned entities

 

Account Analysis and Issues Resolution (30%)

  • The Financial Accountant is responsible for the comprehensive and timely preparation and certification of accounts using Hershey system, i.e. Blackline System.

  • This includes reviewing and reconciling the balance sheet accounts, with reference to the Balance Sheet Policy, identifying issues, coordinating with the account owners, analyzing the root causes and determining the next steps that will lead to the resolution of those issues.

  • The Financial Accountant is also expected to work closely with internal Business Partners and provide support and analyses to address their accounting-related concerns.

 

Key Performance Indicator/ Metrics/ Service Level Agreement and Process Improvement (15%)

  • The Record to Report Function have defined Service Level Agreement and Key Performance indicator Metrics for each function, which needs to be met consistently.

  • It is the responsibility of the Financial Accountant - General Accounting to ensure that these are met or exceeded.  Also, to ensure that preventive and necessary actions are in place, in case metrics are not met.

  • The Financial Accountant - General Accounting is also responsible in driving major work process changes that would significantly improve the effectiveness and efficiency of the process, which can either be quick wins or projects.

 

Internal and External Audit Supports (10%)

  • This role is responsible for the preparation and submission of documents required for internal or external audit of the Hershey books and work processes. 

  • Together with the RTR Supervisor, he/she is responsible for the timely communication and resolution of issues identified during any internal or external audit in ensuring safeguarding the internal controls of the RTR process.

 

Adhoc/ Other Tasks (5%)

  • Other related ad hoc roles that may be assigned with alignment with the Financial Accountant – General Accounting.

 

 


Competencies:

 

Customer Focused and Results Oriented. Understands issues from the customers’ perspective; considers the impact of decisions, processes, services on the customer; demonstrates passion for providing excellent customer service; treats customers with respect and care and uses a variety of approaches to identify customer needs; conveys a sense of urgency to get things done; ensures that there are necessary resources available for resolution of escalated customer issues; monitors the quality resolution of customer issues.

 

Problem Solving. Detailed oriented; uses rigorous logic and methods to solve difficult problems with effective solutions; effectively researches and probes all sources for answers; can see/recognize hidden problems and look beyond the obvious.

 

 

 

Minimum Education and Experience Requirements:

 

Education: Bachelor’s Degree required, in Accountancy or any relevant field

 

Experience:

  • Must have at least 3 years of experience in end-to-end General Accounting proces
  • Certified Public Accountant candidates are highly preferred
  • Proficient understanding of US GAAP and local GAAP
  • With background and basic knowledge in SAP
  • Knowledgeable in Microsoft Office (Excel, Powerpoint, Sharepoint)
  • Someone who has strong Oral and Written Communication Skills
  • Someone who has good Interpersonal Communication Skills and Collaboration Skills
  • Someone with keen attention to details and has strong Analytical and Problem-Solving Skills
  • Someone proactive and can work with minimum supervision
  • Someone with Project Management Skills and ability to prioritize
  • Someone who has continuous improvement mindset
  • Amenable to a shifting schedule of mid shift (3:00 pm to 12 midnight) and night shift (month end)

 

 

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