Job Summary :
The Manila Financial Reports and Control Officer is responsible for the general, management and tax accounting, and financial reporting requirements of local regulatory and head office of both the wholesale and retail business of the Bank.
As a result of these function, the Financial Reports and Control Officer is also a business advisor to other business units of the Bank.
Key Responsibilities :
a.Assist the Head of Finance on the following preparatory requirements for the implementation of Manila retail business :
1.Budget monitoring of CAPEX & pre-implementation cost.
2.Handling the local procurement requirements of retail project
3.Setting up and integrating the retail finance to the existing wholesale banking, which may involve integration of retailon the automation projects on local and head office regulatory reports
4.Tax risk management
b.Ensures compliance with local statutory & tax reporting and administration requirements.
c.Prepares regulatory reports assigned to her as indicated in the checklists. Implements accurate reporting thru self-review of reports generated.
Performs the required analytic review of unusual trends / movements to identify cause of variances / reasonableness of amounts.
d.Ensures compliance with all financial reporting requirements and reports of regional & local management.
1.Ensures that all Head Office (GFRS / MASS) reports are completed and submitted in accordance with the ING minimum standards for financial & regulatory reporting.
2.Provide senior management regular update on the branch performance vs. budget.This involves preparation of analysis and commentary for the monthly MI reporting pack for reporting to MANCOM and ALCO.
e.Ensures necessary control procedures are in place with regards to :
1.Compliance with Minimum standards for Financial regulatory and reporting process
2.Upkeep of the Bank’s general ledger system
i.Regular review and maintenance of accrual, depreciation and amortization database.
ii.Management of the month-end closing process.
iii.Regular review and aging of sundry / suspense / washaccounts.
iv.Processing of intercompany billings and payments such as head office charges, regional recharges, GSO SLA fees and other intercompany billings.
f.Assists in the preparation of schedules and analysis that may be required by Finance management, by external auditors, and / or other regulatory examiners.
Prepares special requirements requested by the BIR and BSP.
g.Provides inputs to product reviews identifying IFRS, tax, DNB & ECB regulations and other accounting implications of new retail products.
h.Performs other duties and responsibilities that may be assigned.