Accounting Associates

JOB SUMMARY:

1. The Accounting Assistant is generally tasked to ensure that all policies, guidelines, procedures and internal controls set by the management and other accounting policies are complied with and undertaken by the department.

1. The Accounting Assistant is responsible in providing inter-branch reconciliation and monitors other asset and liabilities schedules (account receivables, accounts payables).

1. The Accounting Assistant shall ensure adherence to existing internal control procedures while maintaining the highest quality of service.

SPECIFIC DUTIES AND RESPONSILIBITIES:

Management:

1. Follows well-established internal policies and guidelines of the bank for loans prepared by the Department/Division Head or by the Management.
2. Working effectively and efficiently to provide the required reports on time (daily/weekly/monthly/quarterly/yearly) and to avoid committing errors that can result to negative merits and delaying the submission of reports.
3. Performs other related tasks as may be assigned by immediate superiors from time to time.

Operation:

1. Provides daily reconciliation of inter-branch transaction and other asset and liabilities maintained in the Corporate Branch.
2. Prepares month end reports inter-branch transaction and other asset and liabilities maintained in the Corporate Branch
3. . Coordinates to related department for the outstanding reconciling items and reviews errors in report.
4. Prepares and submits list of account receivables to HRD for salary deductions.
5. Prepare reports of overdue reconciling and float items.
6. Submits erroneous or misrepresented reports and schedule.
7. Performs other functions as maybe assigned from time to time according to the established productivity and service quality standards.

Custodianship:

1. Bank Reconciliation working paper

2. Assigned bank equipment & password

General Authority:

1. The Accounting Assistant is authorized to request from other units any supporting documents needed for reconciliation.

Monitoring and Reporting:

1. Monitor daily reconciliation of inter-branch transaction and other asset and liabilities maintained in the Corporate Branch.

1. Reports monthly schedule of inter-branch transaction and other asset and liabilities.

Accounting and Reconciliation:

1. Complete journal entries for the given transactions. Reconciles report discrepancies and problems.
2. Inform the supervisor for the status of the outstanding reconciling items for the month.
3. Reverse staled checks in reconciling items to payable accounts

QUALIFICATIONS:

Education

Must possess at least a Bachelor/College Degree in Business Studies / Accountancy/Banking and Finance or equivalent.

Experience

Preferably 6 months of successful and verifiable experience in financial reporting/general ledger area in a senior management position preferably in a banking industry

Others

Must have vast knowledge in bank reconciliation, accounting procedures, practices and principles. Must have the ability to analyze accounting records and adopt methods needed to solve accounting problems. Knowledgeable in computerized accounting applications and systems.