Financial Accounting & Reporting Specialist

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  • Manila City, Metro Manila
  • Permanent
  • Full-time
  • 8 days ago
Financial Accounting & Reporting SpecialistBackground on what ING is about:ING Hubs Philippines (ING Hubs PH) is an international part of the ING organization delivering services to many Business Units across the world for both Wholesale Banking and Retail Banking activities. Working for ING Hubs PH means working with the most diverse workforce and where no challenge is the same.At ING our purpose is to empower people to stay a step ahead in life and business. We believe that sustainable progress is driven by people with the imagination and determination to make a better future for themselves and those around them.ING is changing what banking is. For you, that means plenty of opportunities for personal growth in a continuously evolving environment. If this is the environment you thrive in, then apply and join us in changing the future of banking!Job OverviewGlobal Finance Services (GFS) is the department responsible for the central processingand reporting of all accounting events globally related to the Financial Markets,Treasury, Lending and Payments Services of ING Bank. These activities are executed inboth Amsterdam and Manila. The latter location is in a growing phase and the numberof activities is expected to grow further in Manila in both depth and broadness during2022 and beyond.The GFS department is split in several teams responsible for the different accounting andreporting activities of ING Bank.Activities include but are not limited to:
  • Execution of product and general ledger accounting and processing of monthend closure procedure
  • Preparation of regulatory reports, Balance Sheet, P&L and processing of key
  • controls and quality controls
  • Managing of the month-end intercompany reconciliation process for ledger
  • Preparation of invoices, accruals, asset management activities, etc. (daily,
  • monthly, quarterly, and annually, and additional reporting requests as required)
  • Creation of management information reports & dashboards
  • Process improvement around Head Office accounting & reporting functions
  • Ensuring compliance with Accounting Standards and ING financial reporting
  • framework
  • Project related Head Office reporting requirements
  • Other ad hoc projects as requested
Key ResponsibilitiesFinancial, Management or Cost Accounting & Reporting
  • Involvement in the preparation and execution of product and general ledger entries, invoices, accruals, asset management activities.
  • Processing of monthly, quarterly & yearly closure procedures.
  • Creating management information reports & dashboards and preparing regulatory reports
  • Prepare accounting advice and investigate to solve accounting breaks.
Policies and Procedures
  • Ensure compliance with policy and procedure documents including group Standards of Practice
  • Regular refresh of policy and procedure documents
  • Projects/tasks provided by Senior Management or business
  • Ad hoc projects
Communication & Stakeholder management
  • Ensuring internal and external stakeholders are informed about delivery of accounting & reporting activities during closings
  • Working with key stakeholders to align expected turnaround times for remediation, gaining approval for suggested remediation actions, and coordinating the appropriate action with the teams that are responsible for executing those actions and monitor remediation actions till closure.
Key Capabilities/Experience & Minimum Qualifications
  • Ensuring the Business meets all accounting & reporting requirements.
  • Responding to ad hoc queries and requirements received from head office and ensuring deliverables are met
  • Confirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested
  • Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership.
  • Developing strong working relationships.
  • Ownership of key deliverables and reconciliations.
  • Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations.
  • Ensuring adequate documentation and reporting requirements are met.
  • Response to regulatory changes as and when they occur.
  • Escalation of issues that pose a potential significant risk or financial loss.

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