Specialist 1, Financial Accounting & Reporting

Accounting and Reporting

• Reviews and validates the accuracy and reasonableness of accounting entries prepared by the third-party outsourcing partner, including transactions such as securities trading, fixed income maturities and coupon payments, portfolio valuation and mark-to-market adjustments, as well as income and fee accruals.
• Prepares regulatory reports in compliance with applicable laws, standards, and reporting requirements for fiduciary and trust operations.
• Generates monthly, quarterly, and annual fiduciary financial statements.
• Prepares client reports, including the Balance Sheet, Income Statement, Investment Activity Report, Return on Investment Report, and Schedule of Earning Assets/Investments, ensuring the accuracy of account balances, asset valuations, and all reports issued to clients.
• Handles preparation of tax schedules, certificates, and billing invoices for clients.
• Creates and posts journal entries and necessary adjustments for client accounts.
• Prepares audited schedules and financial statements of managed fund accounts in accordance with regulatory requirements.
• Validates the accuracy of mark-to-market valuations provided by the outsourcing partner.
• Reviews and computes management and trust fees due from clients, prepares billing statements and official receipts, and monitors collections.
• Performs other duties as assigned.

QUALIFICATIONS

• Experience in audit firm and/or financial statements preparation of a financial institution preferably in a trust corporation.

• Knowledge and expertise in various accounting standards such as PFRS and Local Statutory Requirements.

• Knowledge and expertise in handling financial derivatives. Knowledge in laws and regulations governing trust corporations.

• Able to timely meet internal and/or external deadlines

• Basic organizational skills (planning, time management and priority management)

• Proficiency in use of Microsoft Word, Excel and PowerPoint.

• Must be able to handle complex problems related to financial accounting and reporting.

• Must be able to provide solutions for other operations related issues such as trade processing, portfolio valuation and accounting.

Location: Taguig

Work set-up: Hybrid ( 3 days onsite 2 days WFH)