Financial Accountant
BASF
Cavite, Philippines
6d ago

Description

Objectives of the Position :

  • To ensure accurate financial accounting and management reporting of the company’s revenues and expenses.
  • To manage daily credit risk and cash management activities to ensure sufficient cash flow for the company.
  • Main Areas of Responsibilities :

    Accounts Receivables :

  • Ensure the receipt and recording of payments for goods and services. This includes maintaining the billing system, generating invoices and account statements, performing account reconciliations and maintaining accounts receivable files and records.
  • Prepare monthly financial and management accounts in coordination with the Shared Service Centre. These include maintenance of general ledger, preparation of work papers and journals, preparation of major account reconciliations, and preparation of working capital report and other reports required for board meetings.
  • Prepare reports that include annual statutory accounts, company year-end accounts, quarterly statements, annual tax returns, annual fringe benefit tax returns, and quarterly bank reporting.
  • Investigates and resolves anydiscrepancies, irregularities and inquiries.
  • Credit Risk Management :

  • Perform proactive andeffective credit risk management to monitor, manage and mitigate customer and credit risks on ongoing basis, and in compliance of global and regional credit risk management policies, procedures and guidelines.
  • Conduct credit risk assessment for customers, monitor credit status and risk development, perform periodic review of credit portfolio, in compliance with global and regional credit risk management policies, procedures and guidelines.
  • Actively partner with the business to support sales development by providing guidance to business unit on credit risk management topics.
  • Monitor overdue balances, follow up outstanding invoices and unresolved disputed items, and support efficient collection.
  • Participate in ad hoc tasksand various global and regional projects and initiatives as assigned.
  • Cash Management :

  • Liaise with banks for adequate cash management and clearing and collection.
  • Handle treasury-related activities including but not limited to bank account setup, e-banking control, bank guarantees issuance, dividend planning, cashflow monitoring, inhouse bank netting and cash sweeping etc.
  • Analyze data and prepare cash flow forecast reports by working with the Business Controller and regional Finance team to ensure sufficient cash flow for the company.
  • Others :

  • Assist Business Controller and Local Business Manager in developing annual budgets and monitoring performance against those budgets.
  • Support Business Controller in preparing capital expenditure project evaluations.
  • Minimum Education andQualification Required :

  • Degree in Accounting; Certified Public Accountant.
  • With 3-5 years relevant work experience in a multi-national / global environment; experience in a shared service environment a plus.
  • Experienced in SAP Finance module.
  • Possess strong ability to analyze numbers on a broad perspective and in detail and
  • Possess very good interpersonal communication and personal presentation skills; with high level of proficiency in written and spoken English.
  • Have good organizational skills, a proactive mindset, and ability to multitask and prioritize work.
  • Proficient in Windows and MS Office applications with advanced skills in MS Excel.
  • Demonstrate professionalismand integrity at work.
  • Disclaimer : We would like to remind allprospective employees who are currently pursuing employment opportunities withBASF’s Construction Chemicals business unit regarding its sale to an affiliateof Lone Star, a global private equity firm.

    Candidates who commence theiremployment prior to 1st July 2020 will still be hired under BASF group. The BUwill be carved out from BASF group and all legacy BASF employees and newjoiners in Construction Chemicals unit (EB) will be transferred to a new legalentity effective 1st July 2020.

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