Finance Specialist - Loan Compliance EZ and IB

Role Purpose

Manages the Treasury subsidiary ledgers of bank debt obligations and concession fees. Manages timely and accurate payments of obligations and prepares loan and SCO-related schedules for financial and reportorial requirements.

Job Description

SHORT-TERM LOAN, LONG-TERM LOAN AND SERVICE CONCESSION OBLIGATION COMPLIANCE
Timely and accurate compliance to loan covenants

• Prepares compliance requirements for parent company loans and coordinates timely submission of these requirements to the lenders
• Prepares and tracks requests for payments (RFPs) for all debt service and confees
• Manages the timely and accurate payment of loan obligations relating to Corp. Loans and SCO by maintaining a schedule of payments and communicating the funding requirements to the liquidity unit
• Monitors the utilization of proceeds from foreign loans by maintaining a database of assigned expenditures/disbursements per facility for regulatory (BSP) reporting
• Ensures compliance and registration of foreign loans to the BSP to enable FX purchase for debt servicing and settlement

FUNDRAISING SUPPORT
Support to Enterprise fundraising exercises

• Provides support in the preparation of loan drawdown requirements of the Parent company and ensures timely and accurate submission of all loan drawdown-related requirements to lenders banks
• Assists in fundraising initiatives of the Parent Company (e.g. reviews loan agreement provisions on settlement, taxation, and reportorial requirements)

TREASURY ACCOUNTING
Treasury ledgers compliant to Financial and Management Reportorial Requirements
Timely submission of management and compliance reports

• Manages the accretion and valuation of the company’s outstanding Corp. Loans and Service Concession Obligations (SCO) 
• Prepares the accretion table and computes the initial carrying value of new loan drawdowns for facility creation in the Treasury Module
• Analyzes and recommends month-end Corp. Loans and SCO accounting entries
• Validates and analyzes the SL-GL Reconciliation for the Treasury Loan Ledgers
• Prepares month-end and quarter-end reports to the Financial Accounting Department (ie ageing reports and AC reports)
• Prepares periodic internal reports, forecasts, and analysis on loans, SCO, interest expense, and FCDA from debt servicing and confees payments

STAKEHOLDER AND PEOPLE MANAGEMENT

• Ensures the achievement of the required service level standards of Treasury
• Interacts and coordinates with various internal (i.e General Ledger Accountants, Controllership and Analysis Managers, and Project Managers) and external (i.e. Representatives of Bangko Sentral ng Pilipinas, WorldBank, Lenders) stakeholders for treasury/loan-related matters

TREASURY REVIEW AND DOCUMENT MANAGEMENT

• Manages the Treasury records management system (i.e. indexing, archiving, and integrating with the company-wide records management and information system)
• Recommends improvements on loans operations as it affects the day-to-day activities of the Department

Other Responsibilities

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

Education