Financial Reporting Specialist/Officer

Job Summary:

The Financial Reporting Specialist/Officer plays a critical role in ensuring accurate and timely financial reporting in accordance with Philippine Financial Reporting Standards (PFRS) or International Financial Reporting Standards (IFRS). This position involves compiling financial data, preparing monthly, quarterly, and annual financial statements, conducting variance analysis, enhancing internal controls, and coordinating with external auditors. The ideal candidate will possess strong analytical skills, attention to detail, and expertise in financial reporting standards.

Job Details:

• Temporary work-from-home
• Monday to Friday | 9 AM to 6 PM
• *Following PH Holidays

Responsibilities:

• Compile financial data and prepare monthly, quarterly, and annual financial statements in compliance with PFRS or IFRS.
• Ensure accuracy, completeness, and timeliness of financial reporting deliverables.
• Review trial balances, general ledger accounts, and supporting schedules to verify the integrity of financial information.
• Conduct variance analysis and trend analysis to identify key drivers of financial performance.
• Analyze financial ratios and metrics to assess liquidity, profitability, and solvency.
• Review and enhance internal control procedures to safeguard company assets and ensure accuracy of financial reporting.
• Document and standardize financial reporting processes to improve efficiency and effectiveness.
• Collaborate with the Compliance Specialist/Officer in the external audit process by providing auditors with requested documentation and explanations.
• Assist in the preparation of annual budgets and periodic forecasts by providing historical financial data and analysis.
• Collaborate with budget owners and department heads to gather input and validate assumptions used in budgeting and forecasting models.
• Participate in the evaluation and implementation of new financial systems or upgrades to existing systems.
• Identify opportunities for process improvements and automation to enhance the efficiency and effectiveness of financial reporting functions.
• Reconcile intercompany balances and transactions between the US entity and its foreign subsidiaries.
• Ensure proper elimination of intercompany profits, losses, and dividends in the consolidated financial statements.
• Coordinate with financial teams or external accountants in foreign subsidiaries to collect and review their financial statements and supporting documentation.
• Prepare consolidated financial statements for the US entity and its foreign subsidiaries.
• Communicate effectively with finance teams in foreign subsidiaries to facilitate the exchange of financial information and resolve consolidation issues.

Qualifications:

• Bachelor's degree in Accounting, Finance, or related field; CPA certification preferred.
• Minimum of 3 - 5 years of experience in financial reporting or accounting roles.
• In-depth knowledge of Philippine Financial Reporting Standards (PFRS) or International Financial Reporting Standards (IFRS).
• Strong analytical skills with the ability to interpret complex financial data.
• Proficiency in Microsoft Excel and financial reporting software.
• Experience with internal control frameworks and audit procedures.
• Excellent communication and interpersonal skills.
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.
• Detail-oriented with a high level of accuracy in financial reporting.
• Experience with consolidating financial statements is preferred.

Desired Skills:

• Experience with ERP systems (e.g., SAP, Oracle).
• Knowledge of US GAAP.
• Experience in multinational or global organizations.
• Advanced Excel skills, including proficiency in data analysis and modeling.
• Familiarity with financial consolidation software (e.g., Hyperion, Cognos).
• Project management skills for system implementation or process improvement initiatives.