Finance Assistant Manager at MPC Philippines in Biñan City

Job Summary

The Finance Assistant Manager supports the Finance Manager in overseeing the company's financial operations, accounting processes, financial reporting, budgeting, and internal controls. This role ensures the accuracy and integrity of financial records, compliance with applicable accounting standards and tax regulations, and the timely preparation of financial reports to support management decision-making.

The successful candidate will assist in monitoring cash flow, managing working capital, analyzing financial performance, and improving financial processes to support the company's operational efficiency and business growth.

Key Responsibilities1. Financial Reporting and Analysis

• Assist in preparing monthly, quarterly, and annual financial statements and management reports.
• Analyze financial performance, operating expenses, revenue, and profitability.
• Monitor budget variances and provide recommendations for cost control and financial efficiency.
• Ensure accurate and timely recording of financial transactions in accordance with applicable accounting standards.
• Prepare financial schedules, reconciliations, and supporting documents for management review.

2. Accounting Operations

• Supervise and review daily accounting transactions, including accounts payable, accounts receivable, general ledger, and bank reconciliations.
• Ensure the accuracy of journal entries, account balances, and financial records.
• Monitor the proper recording of sales, purchases, inventory, production costs, and other operating expenses.
• Assist in month-end and year-end closing activities.
• Ensure that accounting records are properly maintained and organized for audit purposes.

3. Budgeting and Financial Planning

• Assist in preparing annual budgets, financial forecasts, and cash flow projections.
• Monitor actual financial performance against approved budgets.
• Evaluate expenses and identify opportunities for cost reduction.
• Provide financial analysis to support business planning, capital expenditures, and operational decisions.
• Assist management in evaluating the financial feasibility of business initiatives.

4. Cash Flow and Working Capital Management

• Monitor daily cash positions, bank balances, and projected cash requirements.
• Assist in managing cash flow to ensure sufficient funds for operational requirements.
• Monitor accounts receivable collections and accounts payable schedules.
• Review customer credit balances, overdue accounts, and payment commitments.
• Coordinate with sales, purchasing, and operations teams to improve working capital management.

5. Cost and Inventory Control

• Assist in monitoring manufacturing costs, material consumption, labor costs, and production overhead.
• Review inventory valuation, stock movements, and inventory reconciliation reports.
• Analyze product costing and gross profit margins.
• Investigate significant cost variances and recommend corrective actions.
• Coordinate with production, warehouse, and purchasing teams to maintain accurate inventory and cost records.

6. Tax Compliance and Audit

• Ensure the timely preparation of tax schedules, statutory reports, and required financial documentation.
• Coordinate with external auditors, tax consultants, and regulatory agencies as necessary.
• Assist in ensuring compliance with applicable tax laws, accounting standards, and government reporting requirements.
• Support internal and external audits by providing accurate records and supporting schedules.
• Monitor compliance with company financial policies and internal control procedures.

7. Internal Controls and Process Improvement

• Review financial processes and recommend improvements to strengthen internal controls.
• Ensure proper documentation and authorization of financial transactions.
• Identify potential financial risks, discrepancies, and control weaknesses.
• Assist in developing and implementing accounting policies and procedures.
• Maintain the confidentiality and security of financial information.

8. Team Supervision and Coordination

• Assist in supervising, coaching, and evaluating accounting and finance personnel.
• Review team deliverables to ensure accuracy, completeness, and timely submission.
• Coordinate with other departments to resolve financial and accounting concerns.
• Provide guidance on accounting procedures, documentation, and reporting requirements.
• Perform other finance-related duties as assigned by management.

Qualifications and Requirements

• Bachelor's degree in Accountancy, Accounting, Finance, or a related field.
• Certified Public Accountant (CPA) qualification is an advantage.
• At least 5 years of relevant experience in accounting and finance, preferably with supervisory or team leadership experience.
• Experience in a manufacturing company is highly preferred.
• Strong knowledge of financial reporting, general accounting, budgeting, cash flow management, and cost accounting.
• Familiarity with inventory costing, manufacturing overhead, and working capital management.
• Knowledge of applicable Philippine tax regulations, BIR compliance, and statutory reporting requirements is an advantage.
• Proficient in Microsoft Excel and accounting software or ERP systems.
• Strong analytical, organizational, communication, and problem-solving skills.
• High level of integrity, attention to detail, and ability to meet deadlines.

Key Performance Indicators (KPIs)

• Timeliness and accuracy of financial reports.
• Completion of month-end and year-end closing within established deadlines.
• Accuracy of account reconciliations and financial records.
• Budget variance monitoring and cost-control effectiveness.
• Cash flow forecasting accuracy and working capital management.
• Timely submission of tax and statutory requirements.
• Reduction of accounting discrepancies and audit findings.
• Compliance with internal controls and company financial policies.
• Team productivity and completion of assigned deliverables.

Core Competencies

• Financial analysis and reporting
• General accounting and financial controls
• Budgeting and forecasting
• Cash flow and working capital management
• Cost accounting and inventory valuation
• Tax compliance and audit coordination
• Leadership and team supervision
• Analytical thinking and problem-solving
• Confidentiality and professional integrity

Working Conditions

• Full-time position based at the company's office or manufacturing facility.
• Regular coordination with management and other departments.
• Occasional extended working hours during month-end closing, year-end closing, budgeting, and audit periods.

Application Requirements

Interested applicants are invited to submit an updated résumé highlighting their accounting and finance experience, supervisory responsibilities, relevant qualifications, and expected salary.

Work Location: In person