Senior Associate for Client Accounting Services

Line of Service

Industry/Sector

Specialism

Management Level

Job Description & Summary

Responsibilities

As a Senior Associate, you’ll work as part of a team of problem solvers with extensive consulting and industry experience, helping our clients solve their complex business issues from strategy to execution. Specific responsibilities include but are not limited to:

A. Bookkeeping

• Understands the nature of client’s business relevant to the CAS services;
• Executes the planned accounting procedures within the agreed timeline;
• Records all accounting transactions in the registered books of accounts (computerized accounting system (Peachtree or Platinum) or manual books) based on client’s supporting documents;
• Prepares monthly accounting schedules such as lapsing schedules for fixed assets, receivables, prepayments, advances, accounts payables, accrued expenses, etc. based on accounting records;
• Prepares monthly bank reconciliation statements and other required general ledger/subsidiary ledger accounts;
• Prepares monthly trial balance, balance sheet and income statement or client’s financial package.

B. Cash Management

• Prepares the check vouchers and the corresponding accounting entries based on invoices approved by the client for payment;
• Prepares the manual checks together with the check vouchers and supporting documents for review and approval of the duly appointed and authorized bank signatories;
• Input the same in the bank’s payment module system and request authorized bank signatories to approve the payments/disbursements for online payment; and Prepares monthly bank reconciliation statements/client fund reconciliation;

C. Audit Assistance and Preparation of Statutory Financial Statements

• Assists client by providing audit schedules  to external auditors and other requirements in their examination of statutory financial statements as required by local laws;
• Attends to the relevant queries of the external auditors;
• Prepares statutory financial statements (SFS) in accordance with local accounting and financial reporting legislation and other applicable rules and regulations (local GAAP) including summary of significant accounting policies, notes and other required disclosures based on client’s accounting records;
• Submits draft SFS to the client for review and approval; and Assists in the filing of the audited financial statements with the Bureau of Internal Revenue and Securities and Exchange Commission.

D. Payroll Preparation

• Compute employee’s salaries and other earnings, including mandated and agreed deductions paid twice/once a month;
• Computes and withholds employee’s income taxes and premium contributions for Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth), Home Development Mutual Fund (HDMF) and remit these taxes to the BIR and premiums (along with employer’s contributions) to SSS, PhilHealth, and HDMF, respectively;
• Sends sealed payslips to client designated officer for distribution; Prepares bank advice for deposit of net pay to the employee’s account; Prepares and files monthly remittance return of income taxes withheld
• Prepares and files monthly remittance forms for loan amortizations to SSS and  HDMF, if any;
• Processes 13th/14th  month pay and other bonuses;    Prepares and files Annual Information Return of Income Taxes Withheld on
• Compensation (BIR Form 1604-CF) and the Alphabetical List of Employees from whom taxes have been withheld;
• Issues Certificate of Compensation Payment/Tax Withheld (BIR Form 2316) to all employees; Computes final pay of resigned employees; Prepares and issues certificate of employments and certifications for SSS, PHIC and HDMF contributions to employees; Prepares and submits payroll reports and other related payroll schedules to the authorized client personnel through email for review and approval; and Prepares corresponding payroll journal entries.

E. Tax Returns Preparation

• Prepares and files monthly withholding tax returns for expanded and final withholding  taxes (BIR Form 1601-E and 1601-F) and the monthly alphalist of payees;
• Prepares and issues quarterly certificate of creditable tax withheld at source (BIR Form 2307) to client’s suppliers subject to expanded withholding taxes;
• Prepares and files monthly VAT (BIR Form 2550M) declaration and quarterly VAT return (BIR Form 2550Q) including quarterly summary of sales and purchases and transmittal for summary of sales/purchases submitted in diskette form, if applicable;
• Prepares and files quarterly fringe benefit tax returns ( BIR Form 1603);
• Prepares and files quarterly corporate income tax returns (BIR Form 1702Q);
• Prepares and files annual information of expanded/final income taxes withheld/income payments exempt from withholding taxes (BIR Form 1604-E) together with an alphabetical list of payees from whom taxes were withheld/exempt from withholding;
• Prepares and files annual corporate income tax return (BIR Form 1702); and
• Prepares other tax returns (i.e. documentary stamp taxes, withholding VAT, etc.).

F. Others

• Attends to client’s queries and meetings related to the CAS accounting services; Prepares ad hoc reports requested by client based on accounting/tax records; and For Senior Associate: In addition to the job description above the Senior Associate also supervises/reviews work of staff to ensure delivery of client’s requirements.

• Must be a Certified Public Accountant
• At least 3 years relevant working experience
• Preferably with supervisory role experience

Education (if blank, degree and/or field of study not specified)

Certifications (if blank, certifications not specified)

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date