General Accounting Specialist
Emerson Electric Asia Ltd. (ROHQ) - Philippines
Quezon City, PH
3d ago
source : Bossjob

General Accounting Specialist 1

Provide Due Diligence and Accounting Support for the smooth integration of acquisitions to Emerson. Prepare the Emerson Climate Technologies Consolidated Financial Statements.

Ensure that the financial statements adhere to US GAAP, supported by audit documentation, and internal control testing.

Job Responsibilities

1. US GAAP to international Financial Reporting Standards reporting transition

2. U.S review of Foreign Local GAAP reconciliation new audit requirement

3. Lease accounting reporting changes new GAAP requirement

4. Financial statement standardization consistency in definition and EMR classification by all existing entities and acquisitions.

Acquisitions also require training and continuing assistance in EMR accounting requirements overhead absorption, deferred variation, excess and obsolete and tax stream

5. Foreign balance sheet reviews new EMR requirement

6. Legacy and acquisition account mapping to HFM / Oracle reporting

7. Hyperion (HFM) autoload project

8. EX100 mapping in general ledger reports

9. Financial hedging activities Euro, Peso, Baht, RMB

10. Eliminate worldwide in transit inventory by matching intercompany payable to intercompany receivable

11. Oracle month end closing process

12. Functional currency evaluation for each foreign acquisition and periodic review of existing operations

13. Warranty logic testing and monitoring for electronics

14. Balance sheet other asset and liability detail and descriptions

15. Growing internal / external audit support

16. Separate EMR reporting package for each acquisition

17. Quarterly restructuring reporting and guidance

18. Extended warranty programs separate analysis required for each specific agreement

19. Expanded cash flow statement reporting by entity

20. Transaction / transaction gain / loss allocation to balance sheet

21. Accounting for Customer inventory agreements (Carrier, Thermoking)

22. Expanded participation in Internal control site reviews

23. Quarterly Tax Stream Reporting all current and deferred tax accounts by entity (Currently Annual)

24. Bank account administration to include annual reporting and certification of global users and access rights

25. Financial statement XV Accrual and Allowance Roll Forward schedule

Job Requirements

Educational Background :

  • Candidate must possess at least a degree in Finance, Accountancy or Business Administration
  • Work Experience :

  • At least two (2) years’ experience in handling financial reports
  • Reconciliation experience is required
  • Skills :

  • Excellent written and spoken communication skills in English.
  • Knowledgeable in MS Office application particularly in Excel
  • Ability to make independent decisions based on good judgment
  • Ability to resolve problems efficiently and reliably
  • Competency Profile

  • Ability to listen actively and effectively
  • Analytical and strong attention to details
  • Confident and have strong influencing skills
  • Results driven
  • Foster Teamwork
  • Proactive
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