Accounting Manager

The Section Head is primarily responsible for overall management and supervision of the section. Scope of work are as follows:

• 
  

  Review of various tax remittance returns to ensure accurate and timely filing and remittance of all tax forms

  
  


• 
  

  Accurate and timely issuance of BIR Form 2307 (CWT) to service providers / suppliers

  
  


• 
  

  Monitoring current changes to tax regulations and coordination of tax updates to concerned Business units

  
  


• 
  

  Compliance with various reportorial requirements of BIR

  
  


• 
  

  Preparation and submission of required schedules/analysis during Bank’s Internal and External Audit

  
  

Duties and Responsibilities

1. 
   

   Ensures timely and correct filing of various withholding tax remittance returns via BIR’s EFPS (Electronic Filing and Payment System)

   
   
   
   
   1. 
      

      Checks reconciliation schedule of various withholding tax payable accounts

      
      
   
   
   2. 
      

      Validates the accuracy of information indicated in TFR’s/consolidated return as to total amount to be remitted, date of remittance, applicable alphanumeric transaction code (ATC).

      
      
   
   
   3. 
      

      Affixes initials on TFR’s / consolidated remittance return

      
      
   
   
   4. 
      

      Forwards tax remittance returns to Unit head and Dep. Head for approval

      
      
   
   
   5. 
      

      Validates correctness of information reflected in the e-filed return.

      
      
   
   
   6. 
      

      Affixes initials on the consolidated e-filed return.

      
      
   
   
   7. 
      

      Checks Quarterly Alpha list of Payees for submission to BIR

      
      
   
   
   
   


2. 
   

   Ensures timely and correct bankwide tax remittance requests

   
   
   
   
   1. 
      

      Checks payment request per withholding tax remittance return

      
      
   
   
   2. 
      

      Forwards to Unit and Dept. Head for approval of the remittance request

      
      
   
   
   3. 
      

      Accesses BSP’s Philpass Payment Browser System

      
      
   
   
   4. 
      

      Processes payment by sending all the remittance request

      
      
   
   
   5. 
      

      Informs the accounting officers that all remittance are already settled

      
      
   
   
   
   


3. 
   

   Reviews reconciliation report of Accounts Receivable (A/R) -BIR Account

   
   
   
   
   1. 
      

      Checks and monitors reconciliation schedule of A/R-BIR account for income tax credits.

      
      
   
   
   2. 
      

      Coordinates with concerned Business Units regarding unsubmitted CWTs

      
      
   
   
   3. 
      

      Submits monthly reconciliation schedule to Unit Head

      
      
   
   
   
   


4. 
   

   Handles calculation of Corporate Income Tax/Minimum Corporate Income Tax

   
   
   
   
   1. 
      

      Prepares corporate income tax calculation using bankwide (RBU) and various units Statement of Income and Expense (SIE)

      
      
   
   
   2. 
      

      Ensures corporate Income tax calculation of net income tallies against the adjusted net income per consolidated statement of income provided by FRCD-Reports

      
      
   
   
   3. 
      

      Validates the nature of income reported as tax exempt and tax paid income

      
      
   
   
   4. 
      

      Monitors submission of necessary supporting documents for accounts written-off, foreign tax credits etc.

      
      
   
   
   5. 
      

      Analyzes various accounts affecting computation of net taxable income for purposes of Income Tax

      
      
   
   
   6. 
      

      Prepares monthly history of accounts affecting the increase / decrease of corporate income tax calculation

      
      
   
   
   7. 
      

      Forwards corporate income tax calculation to Unit Head for accrual reference

      
      
   
   
   
   


5. 
   

   Checks monthly accruals of Gross Receipts Tax (GRT)

   
   
   
   
   1. 
      

      Analyzes various accounts affecting computation of net taxable income for purposes of Gross Receipts Tax

      
      
   
   
   2. 
      

      Checks system-generated batch listing

      
      
   
   
   3. 
      

      Monitors movements of Trading gain and FX gain for GRT calculation and checks manual accounting entries of its GRT

      
      
   
   
   4. 
      

      Forwards GRT calculations / batch listing to Unit Head for approval

      
      
   
   
   
   


6. 
   

   Handles renewal of Makati Head Office business Permit

   
   
   
   
   1. 
      

      Checks request for Payment of CTC (Community Tax Certificate)

      
      
   
   
   2. 
      

      Checks consolidated payment and electronic filing of Annual Registration Fee for branches and various concerned Head Office units

      
      
   
   
   3. 
      

      Handles preparation of Schedule of Annual Income (Annex A) and necessary requirements for the renewal of business permit

      
      
   
   
   4. 
      

      Forwards the Schedule of Annual Income (Annex A) to Unit Head / Department Head for checking and initials and to the Group Head for approval

      
      
   
   
   5. 
      

      Coordinates with Tax Compliance the submission of application of renewal of business permit of Makati Head Office to Makati City Office

      
      
   
   
   6. 
      

      Monitors and processes the request of quarterly payment of business permit of Makati Head Office

      
      
   
   
   7. 
      

      Safe keeps OR and other related documents

      
      
   
   
   
   


7. 
   

   Reviews accounting entries processed in ICBS

   
   
   
   
   1. 
      

      Validates the correctness of GL accounts used and amounts inputted in recording the remittance and tax accruals

      
      
   
   
   2. 
      

      Signs batchliIsting

      
      
   
   
   
   


8. 
   

   Manages the bank’s account in BIR’s eDST system

   
   
   
   
   1. 
      

      Ensures enough availability of DST balance for bank’s DST affixing requirements

      
      
   
   
   2. 
      

      Checks reconciliation of DST balance in the eDST system against DST on Hand balance in ICBS

      
      
   
   
   3. 
      

      Forwards the reconciliation schedule for reloading request purposes to Unit Head for approval

      
      
   
   
   
   


9. 
   

   Checks / submits various schedules and reports

   
   
   
   
   1. 
      

      Reviews / analyzes various tax accounts and related reports

      
      
   
   
   2. 
      

      Ensures accuracy, completeness and timely submission of reports

      
      
   
   
   3. 
      

      Provide analysis/explanation on material variances as required by FRCD-Reports, internal and external auditors

      
      
   
   
   4. 
      

      Reviews and signs-off tax related disclosures in Notes to Financial Statements

      
      
   
   
   5. 
      

      Prepares monthly schedule of Deferred Tax Assets and Deferred Tax Liabilities