Finance Associate Manager - Financial Reporting (NEZ)

Role Purpose

Responsible in ensuring completeness, accuracy and timely submission of the consolidated financial reports for management and other external stakeholders to support the Manila Water enterprise’s goal of transparency and good governance.  

The responsibilities include the participation in the effective and efficient financial consolidation process, while ensuring that proper internal controls on financial reporting are in place.  This involves supporting the consolidation of financial and non-financial information of the entities under the Manila Water Group in accordance with the Philippine Financial Accounting Standards (PFRS), and enforcing proper and consistent application of accounting methods, policies and principles.  The processes also include processing and review of non-financial information, performance of reconciliations and preparation of the consolidated financial statements.  The Financial Consolidation and Reporting Manager also supports the interim and annual external audits (including regular internal audits) through submission of audit requirements, and in the improvement of current systems and implementation of corrective measures on audit issues noted related to financial consolidation.  

This role is highly collaborative with other units within the Manila Water enterprise, specifically the new business operations, in the course of review of internal processes and controls, addressing audit issues, ensuring consistency of booking with relevant accounting standards, improving financial accounting systems, and compliance with internal and external reporting requirements.  

Job Description

• Ensures the delivery of the following:

- Preparation and submission of accurate and timely reports, including fit-to-purpose reports

- Address internal and external audit findings

- Identify best practices in financial reporting and consolidation; Support standardization of processes within the enterprise 

- Develop policies and procedures in accordance with generally accepted accounting standards

- Support process and Quality Improvement initiatives

- Internal Control & Compliance 

• Prepares timely and accurate internal and external financial reports in accordance with PFRS, complete with analysis of the results of operations.  
• Prepares financial reports submitted to Ayala Corporation (AC) and other internal and external entities in prescribed form, content and system.  Ensure correctness of data and information for fair presentation of company’s profitability and financial position.
• Performs consolidation of financial and non-financial information of the subsidiaries under the Manila Water Group in accordance with PFRS.  Review the inputs of the balances submitted by the subsidiaries to the Parent Company. 
• Coordinates with the various departments and subsidiaries on the requirements of external auditors in their interim and annual review of corporate books related to financial consolidation and reporting.  Resolve internal and external audit findings with impact on financial consolidation and reporting.
• Actively participates in the review of existing policies and procedures relating to financial management, including identification of more efficient and effective processes.  This involves improvements in internal control and financial accounting systems improvements of the subsidiaries.
• Implements transfer pricing policies to subsidiaries.  Address tax issues related to intercompany transactions with subsidiaries.
• Performs duties required from the Document Control Officer (DCO) of Financial Accounting Department.
• Participates in team-based group work as resource person by providing relevant information/reports, including financial review related to portfolio rebalancing, following the applicable PFRS.

Other Responsibilities

• Performs other related functions inherent in team operation, acts as corporate resource and performs other tasks assigned by management
   

Education

Certifications