Assistant Accountant

Job Summary:

The Assistant Accountant supports the management of the company's Accounting and Finance functions, ensuring compliance with policies, procedures, and accounting standards to maintain accurate financial records. This supervisory role provides leadership to senior/accounting assistants and assists in developing controls for efficient financial processes and drives organizational change toward a performance-driven culture. Additional responsibilities include supporting planning and budgeting processes, fostering knowledge sharing, and ensuring effective coordination across divisions within the organization.

Key Duties and Responsibilities:

• Maintenance and updating of the general ledger accounts by ensuring accurate recording of all transactions.
• Reconcile general ledger accounts, including accruals, prepayments, and intercompany transactions. Investigate and resolve any discrepancies identified with internal and external stakeholders
• Manage the preparation of monthly, quarterly, and annual financial reports, such as balance sheets, income statements, and cash flow statements.
• Preparation and submission of financial reports to Head Office (Massy Ltd).
• Perform variance analysis by comparing actual financial results to budgets or forecasts.
• Prepare schedules and documentation for internal and external audits, budgets, and tax computations.
• Contribute to the preparation and detailed analysis of annual budgets, including collaborating with department heads to ensure timely and comprehensive submission of budget data in alignment with deadlines.
• Coordinate with internal and external auditors by providing necessary documentation and explanations during audits.
• Prepare government and regulatory reports, such as CSO and Survey of Establishment reports, and facilitate clearance certificate applications with the Board of Inland Revenue (BIR).
• Preparation and submission of tax returns, including VAT and corporation tax filings
• Preparation and reporting of daily bank balance, coordinating banking arrangements, including purchase of foreign currency and other banking facilities
• Manage daily cash management/posting of entries and prepare cash flow reports/forecasting
• Enforce cash handling procedures, including securing cash, balancing cash at the close of business, and facilitating cash pickups
• Supervise the cashier team, ensuring adherence to cash handling and reconciliation procedures.
• Provide analytical and technical support to the Operational Finance team and assist associates with reporting-related queries.
• Comply with all company policies and procedures, including those related to health, safety, security, and environmental standards.
• Undertake additional job-related tasks as assigned by the Manager or Supervisor.