Financial Reporting Specialist/Officer
Sourcefit
- Philippines
- Temporary
- Full-time
- Temporary work-from-home
- Monday to Friday | 9 AM to 6 PM
- *Following PH Holidays
- 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.
- 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.
- 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.