General Accountant

Position Title

General Accountant

Effectivity Date

Department

Finance and Accounting

Revision No.

0

Reports To

Finance and Accounting - Manager

Job Grade

JOB SUMMARY

The General Accountant is responsible for maintaining accurate financial records, preparing financial reports, and ensuring compliance with accounting standards and regulatory requirements. This role involves managing general ledger activities, performing reconciliations, supporting audits, and collaborating with various departments to ensure financial integrity and operational efficiency.

KEY RESPONSIBILITIES

• General Ledger & Financial Reporting

• Maintain and record daily business transactions in the General Ledger.

• Prepare monthly, quarterly, and annual financial statements.

• Perform month-end procedures and prepare necessary journal entries for accurate and timely close.

• Record month-end accruals and maintain a monthly accrual roll forward.

• Ensure proper upkeep of sub-ledgers and generate timely GL account reports.

• Assist in correcting account balances through work papers and journal entries.

• Prepare financial reports for management review and decision-making.

• Analysis, Reconciliation & Compliance

• Prepare account analyses and reconciliations as required by the Controller and Treasurer.

• Perform monthly account reconciliations and credit card transaction reconciliations.

• Analyze and correct discrepancies in quarterly producer commission reports.

• Support documentation and monitoring of internal controls.

• Review financial statements and reports for accuracy and compliance.

• Research and resolve financial and accounting issues.

• Fixed Assets & Tax Reporting

• Record fixed asset additions and disposals; maintain the fixed asset sub-ledger.

• Prepare reports for sales and use taxes, personal property, and fixed asset returns.

• Ensure compliance with BIR reporting and maintain books of accounts.

• Cash Management & Budgeting

• Reconcile and disburse petty cash.

• Monitor company cash position and assist in budgeting.

• Manage cash flow by reviewing payments and authorizing disbursements.

• Collaborate with departments to manage budgets and submit cash flow reports.

• Audit, Oversight & Support

• Assist internal and external auditors during annual audits.

• Oversee accounting and administrative personnel to ensure policy compliance.

• Recommend and maintain accounting controls, policies, and procedures.

• Safeguard financial, personnel, and database records.

• Support the Senior Accounting Manager with special projects and other assigned duties.

• Inventory and Cost Monitoring

• Record and monitor inventory transactions to ensure accuracy and completeness.

• Prepare monthly inventory consumption reports for management review.

• Coordinate with relevant departments to reconcile inventory balances and investigate discrepancies.

• Support cost tracking and reporting related to inventory usage and replenishment.

• Accounts Payable & Payroll

• Own the end-to-end accounts payable process.

• Review and submit payroll and positive pay files.

• Manually input positive pay data when necessary.

KEY SKILLS

Core Accounting Skills

• Financial Reporting – Preparation of balance sheets, income statements, and cash flow reports

• General Ledger Management – Maintaining accurate journal entries and reconciliations

• Accounts Payable & Receivable – Processing invoices, billing, collections, and vendor payments

• Bank Reconciliation – Matching bank statements with company records to ensure accuracy

• Budgeting & Forecasting – Assisting in financial planning and monitoring actual vs. budget performance

• Tax Compliance – Preparing and filing tax returns (VAT, withholding taxes, etc.)

• Audit Support – Assisting internal and external audits by providing required documents

• Strong attention to detail

• Financial data analysis and interpretation

• Ability to identify and resolve discrepancies

• Risk assessment and internal controls awareness

• Knowledge of IFRS or GAAP standards

• Experience with payroll processing

• Familiarity with cost accounting

• Basic knowledge of financial analysis or business strategy

Soft Skill

• Communication Skills – Explaining financial information clearly to non-financial staff

• Time Management – Meeting deadlines such as month-end and year-end closing

• Integrity & Confidentiality – Handling sensitive financial data responsibly

• Teamwork – Collaborating with finance teams and other departments

• Adaptability – Staying updated with accounting standards and regulations

QUALIFICATIONS

• Bachelor’s degree in Accountancy or related field.

• CPA license is an advantage (RA 1080 eligibility), but not a mandatory requirement. Minimum 5 of relevant accounting experience.

• Proficiency in accounting software (e.g., QuickBooks, SAP, Xero, ERP).

• Strong understanding of Philippine Financial Reporting Standards (PFRS).

• Excellent analytical, organizational, and communication skills**.**