Accounting Associate

• Daily monitoring and reconciliation of Trial Balance accounts certified by Business Centers (BCs).
• Identification and investigation of BC account floats, Subsidiary Ledger (SL) vs. General Ledger (GL) balance differences and abnormal balances.
• Determines float items of more than three (3) days and GL balances with unusual discrepancies or large amounts (Php 10,000.00 and over) from the Aging Report.
• Accomplishes an exception memo/form containing the list of long outstanding float items and GL balances with unusual discrepancies and sends to Operations Officer/Manager through email for appropriate action or proper disposition.
• Coordinates with other Sections of the Department or affected BCs in preparing an action plan on delinquent reconciliation for all reconciling items.
• Posting of adjusting entries as a result of reconciliation and investigation.
• Certification of the BCs’ GL account balances and Preparation of BC reports such as Accounts Payable (AP), Accounts Receivable (AR) and Sundries Account aging reports, Overages and Shortages reports.
• Maintains Reports of Daily Reconciliation of Due from BSP Accounts.
• Maintains Reports of Daily reconciliation of Due from Foreign Banks accounts.
• Submits monthly reconciliation of our Due from BSP to Bangko Sentral ng Pilipinas.
• Prepares per GL balances of Due from Local banks per branch and forwards this to Risk Control and Compliance, this will serve as monitoring for branch submission.
• Provides Daily/Monthly Bank Reconciliation report to Operation Units and Risk Control and Compliance.
• Ensures that all SOA’s (Statement of Accounts of various Foreign Banks) are available as of date in preparation for the reconciliation.
• Inputs SOA’s and GL balances to the Automated Reconciliation System.
• Generates FS or Book Balance in the System.
• Investigates and coordinates any un-reconciled differences to different units upon approval of the accounting officer.
• Responsible and accountable for the monitoring and reconciliation of accounts for telegraphic remittances and foreign check transactions.
• Handle posting/booking of incoming and outgoing remittances such as Phil. Domestic Dollar Transfer system, Phil. Clearing house Corporation, Real Time Gross Settlement and other foreign currencies.
• Ensures the timely and accurate preparation of monthly proof and verification report and other necessary reports.
• Monitor issuance and clearing of $demand draft and outward bill of collections.
• Preparation of schedule of GL SL loan reconciliation (branches/Head office).
• Daily reconciliation of other assets/liabilities – Sundry resident and other temporary accounts.
• Daily monitoring of nostro account balances on a daily basis and coordinating with bank operation and treasury that are outstanding for more than three banking days.
• Investigate and make necessary adjustments for long outstanding floats inquired by other units.
• Make necessary call-out and sent emails to the concerned braches.
• Perform any task that maybe assigned by the supervisor from time to time.