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Accounting & Reporting Expert

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ING

Jan 16, 2025

  • Job
    Full-time
    Mid & Senior Level
  • Accounting & Tax
    Banking & Finance
  • Manila
  • Quick Apply

AI generated summary

  • You must have a relevant bachelor’s degree, IFRS knowledge, banking product understanding, UAT testing experience, and strong communication skills in an international setting. Master’s and CPA preferred.
  • You will manage accounting processes, prepare reports, handle reconciliations, ensure compliance, improve processes, and liaise with stakeholders on deliverables and regulatory changes.

Requirements

  • Graduated with a bachelor’s degree in accounting, Finance or Equivalent
  • Master’s Degree and Certified Public Accountant certification is desired
  • Basic to proficient understanding of banking knowledge and products
  • Knowledgeable on IFRS
  • Understanding of key financial markets and lending products traded in ING, as well as key EU regulations.
  • Experience of UAT testing for system changes
  • Ability to work on tasks and manage own time to meet deadlines.
  • Skilled in communicating on complex topics and solutions and must be open to ideas from others.
  • Comfortable working in in an international context.
  • Transparent, flexible, and motivated to make every day a success

Responsibilities

  • Execution of product and general ledger accounting and processing of month-end closure procedure
  • Preparation of regulatory reports, Balance Sheet, P&L and processing of key controls and quality controls
  • Managing of the month-end intercompany reconciliation process for ledger
  • Preparation of invoices, accruals, asset management activities, etc. (daily, monthly, quarterly, and annually, and additional reporting requests as required)
  • Creation of management information reports & dashboards
  • Process improvement around Head Office accounting & reporting functions
  • Ensuring compliance with Accounting Standards and ING financial reporting framework
  • Project related Head Office reporting requirements
  • Other ad hoc projects as requested
  • Involvement in the preparation and execution of product and general ledger entries, invoices, accruals, asset management activities
  • Processing of monthly, quarterly & yearly closure procedures
  • Creating management information reports & dashboards and preparing regulatory reports
  • Prepare accounting advice and investigate to solve accounting breaks
  • Ensure compliance with policy and procedure documents including group Standards of Practice
  • Regular refresh of policy and procedure documents
  • Projects/tasks provided by Senior Management or business
  • Ad hoc projects
  • Ensuring internal and external stakeholders are informed about delivery of accounting & reporting activities during closings
  • Working with key stakeholders to align expected turnaround times for remediation, gaining approval for suggested remediation actions, and coordinating the appropriate action with the teams that are responsible for executing those actions and monitor remediation actions till closure
  • Ensuring the Business meets all accounting & reporting requirements
  • Responding to ad hoc queries and requirements received from head office and ensuring deliverables are met
  • Confirming activities and deliverables with respect to accounting & reporting activities for the business in addition to other projects/tasks requested
  • Build effective working relationships and recognition with stakeholders that foster a proactive and consultative partnership
  • Developing strong working relationships
  • Ownership of key deliverables and reconciliations
  • Resolution of reporting/system issues preventing timely completion of month end / daily reporting obligations
  • Ensuring adequate documentation and reporting requirements are met
  • Response to regulatory changes as and when they occur
  • Escalation of issues that pose a potential significant risk or financial loss

FAQs

What is the main purpose of the Accounting & Reporting Expert role at ING Hubs Philippines?

The main purpose of the role is to ensure the accurate execution of financial accounting and reporting activities related to ING Bank's Financial Markets, Treasury, Lending, and Payments Services both globally and specifically in Manila.

What qualifications are required for this position?

A bachelor’s degree in accounting, finance, or an equivalent field is required, and a master’s degree along with Certified Public Accountant (CPA) certification is desired.

Is knowledge of IFRS important for this role?

Yes, knowledge of International Financial Reporting Standards (IFRS) is essential for compliance with accounting standards and the ING financial reporting framework.

What are some key responsibilities of the Accounting & Reporting Expert?

Key responsibilities include preparing product and general ledger entries, processing month-end closure procedures, creating management information reports, ensuring compliance with policies, and engaging with stakeholders for accounting deliverables.

Will there be opportunities for personal growth in this role?

Yes, working at ING Hubs PH offers plenty of opportunities for personal growth in a continuously evolving environment, as emphasized in the company's purpose to empower individuals.

How does the role collaborate with other teams within ING?

The role involves communication and collaboration with various stakeholders including the Finance Bank in Amsterdam, the Finance & Control Management Team, internal and external auditors, and Financial Controllers to ensure alignment on accounting and reporting activities.

What is the location of the job?

The job is based in downtown BGC or Makati, which is the economic center of the Philippines.

Are there any particular capabilities that are preferred for candidates?

Yes, preferred capabilities include a basic to proficient understanding of banking knowledge, experience in UAT testing for system changes, and the ability to communicate complex topics effectively.

Are there opportunities to work on ad hoc projects in this role?

Yes, the Accounting & Reporting Expert role involves engaging in ad hoc projects as requested by senior management or other stakeholders.

Is there a focus on compliance within the role?

Yes, ensuring compliance with accounting policies, procedures, and regulatory changes is a significant aspect of this position.

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ING

Empowering people to stay a step ahead in life and in business.

Finance
Industry
10,001+
Employees
1991
Founded Year

Mission & Purpose

ING is a pioneer in digital banking and on the forefront being one of the most innovative banks in the world. As ING we have a clear purpose that represents our conviction of people’s potential. We don’t judge, coach, or to tell people how to live their lives. However big or small, modest or grand, we empower people and businesses to realize their vision for a better future. We made the promise to make banking frictionless, removing barriers to progress, and make people confident in their financial decisions. As a global bank we have a huge opportunity – and responsibility – to make an impact for the better. We can play a role by financing change, sharing knowledge, and innovating. Being sustainable is in all the choices we make—as a lender, as a partner and through the services we offer our customers.