Accounting Manager

The Accounting Manager is responsible for overseeing the full spectrum of accounting operations, ensuring accurate financial reporting, strong internal controls, and compliance with statutory and regulatory requirements. This role plays a critical part in supporting business decisions through financial insights, maintaining cost discipline, and safeguarding company assets in a fast-moving FMCG environment.

Key Responsibilities

1. Financial Reporting & Closing

• Lead monthly, quarterly, and annual financial closing processes
• Ensure timely and accurate preparation of:
• Income Statement
• Balance Sheet
• Cash Flow Statement
• Analyze variances vs. budget, forecast, and prior periods
• Present financial performance insights to management

2. General Accounting & Ledger Management

• Oversee General Ledger (GL) integrity and reconciliation
• Ensure proper accounting treatment of transactions (PFRS compliant)
• Review journal entries, accrals, and adjustments
• Maintain chart of accounts aligned with reporting requirements

3. Budgeting & Financial Planning Support

• Support annual budget preparation and periodic forecasting
• Monitor actual vs. budget performance across departments
• Provide cost analysis and profitability insights (by brand, SKU, channel)
• Partner with departments (Sales, Marketing, Supply Chain) on financial planning

4. Accounts Payable & Receivable Oversight

• Ensure efficient AP and AR processes:
• Vendor payments (timely and accurate)
• Customer collections monitoring
• Oversee aging reports and enforce credit policies
• Collaborate with Sales on AR collection and reconciliation

5. Inventory & Cost Accounting (Critical for FMCG)

• Monitor inventory valuation and movements (warehouse & e-commerce)
• Ensure accurate cost of goods sold (COGS) and landed cost computation
• Reconcile inventory records vs. WMS/ERP
• Analyze shrinkage, obsolescence, and slow-moving inventory

6. Tax Compliance & Regulatory Reporting

• Ensure compliance with BIR and other regulatory requirements:
• VAT, Withholding Taxes, Income Tax
• Prepare and review tax filings and supporting schedules
• Coordinate with external auditors and tax consultants
• Ensure readiness for audits and minimize tax exposure

7. Internal Controls & Audit

• Strengthen and enforce internal control systems
• Ensure proper documentation and approval workflows
• Lead internal audit coordination and compliance reviews
• Identify process gaps and recommend improvements

8. Cash Flow & Treasury Monitoring

• Monitor daily cash position and liquidity
• Forecast short-term and long-term cash requirements
• Ensure proper fund allocation and working capital management

9. Systems & Process Improvement

• Drive improvements in ERP, WMS, and accounting systems
• Automate reporting and reconciliation processes
• Develop standardized templates and dashboards
• Ensure data accuracy and integrity across systems

10. Team Leadership & Development

• Manage and mentor accounting team members
• Set performance targets and monitor KPIs
• Ensure alignment with company core values:
• Sense of Urgency
• Accountability
• Honesty & Integrity
• Excellence
• Build a high-performance, detail-oriented finance team