Executive Search Firm Monroe Consulting Group Philippines is recruiting on behalf of a leading fashion and retail company. Our respected client is seeking Senior Finance Manager. This role will be assigned in Makati, Philippines.
Job Summary: Directs the day-to-day operational requirements and provides the cohesive workflow of all subordinates geared towards the attainment of the Section's objectives, congruent and supportive of the overall direction and objectives of the Finance Group, thereby ensuring that all financial transactions and compliance requirements are properly processed, recorded, accurately reported, and/or submitted to the right parties within the required period.
Key Job Responsibilities:
Treasury, Cash Management, and Collection
- Ensure all payment requirements are properly funded and no payment is delayed due to lack of funding.
- Ensure all bank accounts are active and updated. Also in charge of proposing consolidation and assignment of bank accounts for efficiency.
- Preparation, Review, and Submission of Monthly Cashflow Forecast.
- Establish & monitor Collection goals/targets.
- Review, recommend, in charge of monitoring and implementing fund placements..
- Facilitate the monitoring and renewal of bank credit facilities
- Ensure all wire transfer advice (incoming and outgoing) are correct, properly received & processed.
- Oversee the application of bank pick-ups, facilitation and processing of bank pick-ups, and end of day closing of cashiers.
- Review and approve monthly/annual bank reconciliation schedule. As well as in charge of maintaining files (hard copy and digital) of all company non-confidential bank statements.
- In charge of planning and monitoring of collection both trade and non-trade.
- In charge of ensuring all collections are matched versus billing.
- In charge of setting up collection meetings with long outstanding accounts.
- Do follow through with regards to overdue payments. Recommend a correct course of action necessary to collect past due balance.
Accounts Receivable Management
- Ensures the facilitation and review of the Billing Process and Transaction Documentation
- Conducts regular concurrent controls (such as Accounts Review and Analysis, Special Financial Reporting, and other Subsidiary Ledger Maintenance and Monitoring, ) in order to determine procedural lapses and potential account mismanagement and consequently proposing corrective measures
- Accurately and efficiently prepares reports, data, and information, such as but not limited to the Consolidation of all Receivable Reports, specifically the Aging Report, and the GL Reconciliation
Disbursement Management
- Ensures facilitation and review of the following: Transaction Documentation and Preparation, completeness of all related JV entries and required Month-End Accruals, documentation of all Affiliate Transactions, File Maintenance procedures, and others as may be required by Management
- Maintains subsidiary ledgers for all managed payable and accrued accounts and advances to/from affiliate accounts, updating the same on a regular basis, to include annual reviews geared towards the identification and disposition of long outstanding payables, subject to approval
Financial Reporting and Analysis
- Ensure the facilitation and review of the following which include but not limited to: Transaction Documentation, Financial Statements preparation, Accounts Review and Analysis, Special Financial Reporting, Annual External Audit, and other Subsidiary Ledger Maintenance and Monitoring.
- Conducts regular concurrent controls (such as review of Financial Statements, Transaction Documentations, monitoring and documentation of significant Account movements, reconciliation exercises, maintenance and updating of subsidiary ledgers) in order to determine procedural lapses and potential account mismanagement and consequently proposing corrective measures
- Monitors the strict implementation and adherence of standardized administrative workflow processes and established Accounting policies to enhance the unit's efficiency in carrying out its function
Tax and Regulatory Compliance
- Ensure that all tax returns are filed correctly, on time, and in accordance with government regulations
- Manage all national and local compliance
- Fully conversant with existing corporate and business tax regulations that provide advice and information to the organization and its affiliates regarding tax requirements, procedures and compliance and can anticipate its implications and impact to the business
- Responsible for the tax planning
Team Management
- Train and monitor staff growth and development
- Monitors and analyzes department work to develop more efficient procedures and use of resources while maintaining a high level of accuracy
- Collaborates with the other finance department managers to support overall department goals and objectives
Key Job Requirements:
- Graduate of Bachelor's Degree in Accountancy, preferably a Certified Public Accountant
- At least 5 years of relevant work experience, 3 years of which in a managerial capacity, preferably in retail industry
- Prior experience in internal or external audit or financial management and analysis
- Strong leadership and management (Problem-Solving, Planning, Organizing, Time Management, and Administrative skills
- Strong Analytical ability
- Customer-service oriented and a team player
- Excellent written and verbal communication skills
- Knowledge of MS Office and business computer applications
